Velocity Energy Inc
Velocity Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas. The company's operations are located in Matagorda Bay, Calhoun County, Texas. It also focuses on the exploration of oil and natural gas in the Appalachian Basin. Velocity Energy Inc. was formerly known as Sonterra Resources, Inc. and changed its name to… Read more
Velocity Energy Inc (VCYE) - Net Assets
Latest net assets as of March 2011: $-12.40 Million USD
Based on the latest financial reports, Velocity Energy Inc (VCYE) has net assets worth $-12.40 Million USD as of March 2011.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.71 Million) and total liabilities ($14.11 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 | $-12.40 Million |
| % of Total Assets | -724.65% |
| Annual Growth Rate | N/A |
| 5-Year Change | -14295.6% |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Velocity Energy Inc - Net Assets Trend (2005–2010)
This chart illustrates how Velocity Energy 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 Velocity Energy Inc (2005–2010)
The table below shows the annual net assets of Velocity Energy Inc from 2005 to 2010.
| Year | Net Assets | Change |
|---|---|---|
| 2010-12-31 | $-11.70 Million | +7.10% |
| 2009-12-31 | $-12.59 Million | -4689.57% |
| 2008-12-31 | $-262.90K | +44.42% |
| 2007-12-31 | $-473.01K | -674.01% |
| 2006-12-31 | $82.41K | +193.39% |
| 2005-12-31 | $-88.24K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Velocity Energy 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 1939744700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2010)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.35K | % |
| Other Components | $9.16 Million | % |
| Total Equity | $-11.72 Million | 100.00% |
Velocity Energy Inc Competitors by Market Cap
The table below lists competitors of Velocity Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Patient Portal Technologies Inc
PINK:PPRG
|
$0.98 |
|
Great American Financial Corporation
PINK:GAFL
|
$0.98 |
|
For The Earth Corp
PINK:FTEG
|
$0.98 |
|
Enable IPC Corporation
OTCGREY:EIPC
|
$0.98 |
|
Urologix Inc
PINK:ULGX
|
$0.98 |
|
Interplay Entertainment Corp
PINK:IPLY
|
$0.98 |
|
MabCure Inc
PINK:MBCI
|
$0.98 |
|
Pacific Conquest Holdings Inc
PINK:PCHK
|
$0.98 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Velocity Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2009 to 2010, total equity changed from -12,612,031 to -11,717,881, a change of 894,150.
- Net income of 296,552 contributed positively to equity growth.
- Other factors increased equity by 597,598.
Equity Change Factors (2009 to 2010)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $296.55K | +2.53% |
| Other Changes | $597.60K | +5.1% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Velocity Energy 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 |
|---|---|---|---|
| 2005-12-31 | $-0.03 | $0.00 | x |
| 2006-12-31 | $0.03 | $0.00 | x |
| 2007-12-31 | $-0.01 | $0.00 | x |
| 2008-12-31 | $-0.01 | $0.00 | x |
| 2009-12-31 | $0.00 | $0.00 | x |
| 2010-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Velocity Energy 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: 84.27%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-171.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-387.83K |
| 2006 | -1028.30% | 0.00% | 0.00x | 3.24x | $-855.61K |
| 2007 | 0.00% | -21.02% | 70.29x | 0.00x | $-532.16K |
| 2008 | 0.00% | -869.71% | 0.06x | 0.00x | $-6.28 Million |
| 2009 | 0.00% | -7413.19% | 0.05x | 0.00x | $-12.40 Million |
| 2010 | 0.00% | 84.27% | 0.20x | 0.00x | $1.47 Million |
Industry Comparison
This section compares Velocity Energy Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Velocity Energy Inc (VCYE) | $-12.40 Million | 0.00% | N/A | $0.98 |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |