VIP Entertainment Technologies Inc.
VIP Entertainment Technologies Inc. does not have significant operations. Previously it was engaged in the online sports betting and iGaming sector. The company is headquartered in Vancouver, Canada.
VIP Entertainment Technologies Inc. (VETIF) - Net Assets
Latest net assets as of December 2024: $-1.48 Million USD
Based on the latest financial reports, VIP Entertainment Technologies Inc. (VETIF) has net assets worth $-1.48 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.57K) and total liabilities ($1.49 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 | $-1.48 Million |
| % of Total Assets | -22553.72% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 157.26 |
VIP Entertainment Technologies Inc. - Net Assets Trend (2020–2024)
This chart illustrates how VIP Entertainment Technologies 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 VIP Entertainment Technologies Inc. (2020–2024)
The table below shows the annual net assets of VIP Entertainment Technologies Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $-611.20K | -369.81% |
| 2023-03-31 | $226.53K | +18.41% |
| 2022-03-31 | $191.31K | -21.55% |
| 2021-03-31 | $243.87K | -22.84% |
| 2020-03-31 | $316.05K | -- |
Equity Component Analysis
This analysis shows how different components contribute to VIP Entertainment Technologies 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 707785800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.92 Million | % |
| Other Comprehensive Income | $1.58 Million | % |
| Other Components | $53.75K | % |
| Total Equity | $-611.20K | 100.00% |
VIP Entertainment Technologies Inc. Competitors by Market Cap
The table below lists competitors of VIP Entertainment Technologies Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PACCAR - Dusseldorf Stock Exchang
DU:PAE
|
$1.03 Million |
|
Opal Balance
TA:OPAL
|
$1.03 Million |
|
Magnetic North Acquisition Corp
V:MNC
|
$1.03 Million |
|
IDTSF
OTCGREY:IDTSF
|
$1.03 Million |
|
Infinity Mining Ltd
AU:IMI
|
$1.03 Million |
|
NorthStar Gaming Holdings Inc.
V:BET
|
$1.03 Million |
|
Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA
WAR:KPD
|
$1.03 Million |
|
SANMINA CORP. NEW DL-01
MU:SAYN
|
$1.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VIP Entertainment Technologies Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 226,529 to -611,197, a change of -837,726 (-369.8%).
- Net loss of 1,898,860 reduced equity.
- New share issuances of 637,700 increased equity.
- Other comprehensive income increased equity by 639,185.
- Other factors decreased equity by 215,751.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.90 Million | -310.68% |
| Share Issuances | $637.70K | +104.34% |
| Other Comprehensive Income | $639.18K | +104.58% |
| Other Changes | $-215.75K | -35.3% |
| Total Change | $- | -369.81% |
Book Value vs Market Value Analysis
This analysis compares VIP Entertainment Technologies 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 |
|---|---|---|---|
| 2020-03-31 | $0.06 | $0.03 | x |
| 2021-03-31 | $0.22 | $0.03 | x |
| 2022-03-31 | $0.03 | $0.03 | x |
| 2023-03-31 | $0.13 | $0.03 | x |
| 2024-03-31 | $-0.03 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VIP Entertainment Technologies 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: -442.46%
- • Asset Turnover: 2.75x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-294.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -20.42% | 0.00% | 0.00x | 1.00x | $-96.13K |
| 2021 | -29.60% | 0.00% | 0.00x | 1.21x | $-96.57K |
| 2022 | -45.77% | 0.00% | 0.00x | 1.02x | $-106.69K |
| 2023 | -1375.10% | -810.78% | 0.68x | 2.48x | $-3.14 Million |
| 2024 | 0.00% | -442.46% | 2.75x | 0.00x | $-1.84 Million |
Industry Comparison
This section compares VIP Entertainment Technologies Inc.'s net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VIP Entertainment Technologies Inc. (VETIF) | $-1.48 Million | -20.42% | N/A | $1.03 Million |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |