TUGA Innovations Inc
TUGA Innovations, Inc., a development-stage electric vehicle company, engages in the conception, design, and production of specialized electric vehicles in the United States. The company is developing a three-wheeled fully electric fore-and-aft 2 seat commuter vehicle. It intends to offer its vehicles for commuter, delivery, taxi, rental, and ride share markets. TUGA Innovations, Inc. was founded… Read more
TUGA Innovations Inc (TUGAF) - Net Assets
Latest net assets as of April 2025: $-1.76 Million USD
Based on the latest financial reports, TUGA Innovations Inc (TUGAF) has net assets worth $-1.76 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($54.39K) and total liabilities ($1.82 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-1.76 Million |
| % of Total Assets | -3240.68% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 158.58 |
TUGA Innovations Inc - Net Assets Trend (2021–2024)
This chart illustrates how TUGA Innovations Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TUGA Innovations Inc (2021–2024)
The table below shows the annual net assets of TUGA Innovations Inc from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | $-1.41 Million | -85.96% |
| 2023-07-31 | $-758.11K | -187.81% |
| 2022-07-31 | $863.32K | +129.35% |
| 2021-07-31 | $376.41K | -- |
Equity Component Analysis
This analysis shows how different components contribute to TUGA Innovations Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 873779800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.29 Million | % |
| Other Comprehensive Income | $-35.85K | % |
| Other Components | $627.85K | % |
| Total Equity | $-1.41 Million | 100.00% |
TUGA Innovations Inc Competitors by Market Cap
The table below lists competitors of TUGA Innovations Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aviv Arlon Ltd
TA:AVLN
|
$378.28K |
|
CORDIANT DIGITAL INFR.SUB
F:86L0
|
$378.38K |
|
Ecofibre Limited
PINK:EOFBF
|
$378.87K |
|
Golden Haven Memorial Park Inc
PSE:HVN
|
$379.16K |
|
Lobe Sciences Ltd
OTCQB:LOBEF
|
$378.13K |
|
XPPE
F:XPPE
|
$378.12K |
|
RHEPA
PINK:RHEPA
|
$377.56K |
|
LN Future Invest AB (publ)
ST:LNFI
|
$377.40K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TUGA Innovations Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -758,106 to -1,409,761, a change of -651,655.
- Net loss of 1,150,868 reduced equity.
- New share issuances of 535,000 increased equity.
- Other comprehensive income decreased equity by 22,396.
- Other factors decreased equity by 13,391.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.15 Million | -81.64% |
| Share Issuances | $535.00K | +37.95% |
| Other Comprehensive Income | $-22.40K | -1.59% |
| Other Changes | $-13.39K | -0.95% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares TUGA Innovations Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-07-31 | $0.00 | $0.00 | x |
| 2022-07-31 | $0.01 | $0.00 | x |
| 2023-07-31 | $-0.01 | $0.00 | x |
| 2024-07-31 | $-0.02 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TUGA Innovations Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-205.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -148.33% | 0.00% | 0.00x | 1.30x | $-595.98K |
| 2022 | -673.04% | 0.00% | 0.00x | 1.16x | $-5.90 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.70 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.01 Million |
Industry Comparison
This section compares TUGA Innovations Inc's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $23,464,126,061
- Average return on equity (ROE) among peers: -90.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TUGA Innovations Inc (TUGAF) | $-1.76 Million | -148.33% | N/A | $378.23K |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $138.98 Million | 0.40% | 0.00x | $23.12 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $249.00 Million | -43.01% | 3.45x | $289.13 Million |
| Arrival (ARVLF) | $1.23 Billion | -106.38% | 0.44x | $803.89 |
| AYRO Inc (AYRO) | $3.04 Million | -525.91% | 0.85x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $92.92 Billion | 12.15% | 1.70x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $79.38 Billion | 3.82% | 1.13x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $9.04 Million | -146.60% | 1.53x | $1.33K |
| BYD Company Limited (BYDDF) | $60.69 Billion | 4.58% | 2.21x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $7.87 Million | -65.67% | 1.89x | $8.60 Million |