Viratech Corp
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Viratech Corp (VIRA) - Net Assets
Latest net assets as of March 2024: $-2.34 Million USD
Based on the latest financial reports, Viratech Corp (VIRA) has net assets worth $-2.34 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($405.00K) and total liabilities ($2.74 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 | $-2.34 Million |
| % of Total Assets | -577.62% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -188.26% |
| Growth Volatility | 271.73 |
Viratech Corp - Net Assets Trend (2000–2023)
This chart illustrates how Viratech Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Viratech Corp (2000–2023)
The table below shows the annual net assets of Viratech Corp from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-2.30 Million | -55.94% |
| 2021-12-31 | $-1.48 Million | -52.56% |
| 2020-12-31 | $-967.79K | -5.22% |
| 2019-12-31 | $-919.82K | -14.94% |
| 2018-12-31 | $-800.23K | +8.63% |
| 2017-12-31 | $-875.83K | -535.41% |
| 2016-12-31 | $201.15K | -96.82% |
| 2015-12-31 | $6.32 Million | +5.44% |
| 2014-12-31 | $5.99 Million | +129.73% |
| 2006-12-31 | $2.61 Million | +259.90% |
| 2005-12-31 | $724.85K | +3305.86% |
| 2001-12-31 | $-22.61K | -108.96% |
| 2000-12-31 | $-10.82K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Viratech Corp'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 522911900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $149.93K | % |
| Other Comprehensive Income | $-149.93K | % |
| Other Components | $2.54 Million | % |
| Total Equity | $-2.71 Million | 100.00% |
Viratech Corp Competitors by Market Cap
The table below lists competitors of Viratech Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Proteak Uno S.A.B. de C.V
MX:TEAKCPO
|
$2.40 Million |
|
Saudee Group Bhd
KLSE:5157
|
$2.40 Million |
|
Galilee Energy Ltd
AU:GLL
|
$2.40 Million |
|
Qualis Innovations Inc
PINK:QLIS
|
$2.40 Million |
|
Genmin Ltd
AU:GEN
|
$2.40 Million |
|
RAADR Inc
PINK:RDAR
|
$2.40 Million |
|
HeartCore Enterprises Inc
NASDAQ:HTCR
|
$2.40 Million |
|
Pioneer Lithium Ltd
AU:PLN
|
$2.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viratech Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -2,450,347 to -2,707,329, a change of -256,982.
- Net loss of 661,982 reduced equity.
- Other comprehensive income decreased equity by 2,280,944.
- Other factors increased equity by 2,685,944.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-661.98K | -24.45% |
| Other Comprehensive Income | $-2.28 Million | -84.25% |
| Other Changes | $2.69 Million | +99.21% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Viratech Corp'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 |
|---|---|---|---|
| 2015-12-31 | $0.01 | $12.00 | x |
| 2016-12-31 | $0.00 | $12.00 | x |
| 2017-12-31 | $0.00 | $12.00 | x |
| 2018-12-31 | $0.00 | $12.00 | x |
| 2019-12-31 | $0.00 | $12.00 | x |
| 2020-12-31 | $0.00 | $12.00 | x |
| 2021-12-31 | $0.00 | $12.00 | x |
| 2022-12-31 | $0.00 | $12.00 | x |
| 2023-12-31 | $0.00 | $12.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viratech Corp 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 (-222.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.00% | 0.00% | 0.00x | 0.00x | $-13.49K |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-20.45K |
| 2005 | -64.48% | 0.00% | 0.00x | 1.00x | $-539.89K |
| 2006 | -10.09% | -979.15% | 0.01x | 1.29x | $-524.00K |
| 2014 | -0.01% | -0.62% | 0.01x | 1.07x | $-599.73K |
| 2015 | -0.54% | -70.30% | 0.01x | 1.01x | $-666.04K |
| 2016 | -3041.75% | -11320.14% | 0.14x | 1.93x | $-6.14 Million |
| 2017 | 0.00% | -427.27% | 0.41x | 0.00x | $-525.96K |
| 2018 | 0.00% | -679.94% | 0.34x | 0.00x | $-1.21 Million |
| 2019 | 0.00% | -102.89% | 0.58x | 0.00x | $-292.15K |
| 2020 | 0.00% | -126.83% | 0.66x | 0.00x | $-404.51K |
| 2021 | 0.00% | -207.99% | 0.61x | 0.00x | $-472.68K |
| 2022 | 0.00% | -442.33% | 0.00x | 0.00x | $-728.86K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-391.25K |
Industry Comparison
This section compares Viratech Corp's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,667,465,281
- Average return on equity (ROE) among peers: -62.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viratech Corp (VIRA) | $-2.34 Million | 0.00% | N/A | $2.40 Million |
| All American Gld Crp (AAGC) | $-82.46K | 0.00% | 0.00x | $8.97 |
| Aureus Greenway Holdings Inc. Common Stock (AGH) | $1.07 Million | -17.18% | 3.87x | $36.62 Million |
| Altitude International Holdings Inc (ALTD) | $-2.35 Million | 0.00% | 0.00x | $24.11K |
| ANTA Sports Products Ltd (ANPDF) | $25.82 Billion | 19.99% | 1.01x | $13.79 Billion |
| American Outdoor Brands Inc (AOUT) | $177.93 Million | -6.88% | 0.35x | $91.40 Million |
| Amer Sports, Inc. (AS) | $33.42 Million | -377.97% | 208.21x | $5.64 Billion |
| Arvana Inc (AVNI) | $-1.98 Million | 0.00% | 0.00x | $21.93 Million |
| Vinco Ventures Inc (BBIG) | $7.45 Million | -190.48% | 2.17x | $7.00K |
| Bowlero Corp (BOWL) | $330.12 Million | -38.31% | 4.40x | $216.09 Million |
| Basic-Fit N.V (BSFFF) | $305.08 Million | -10.61% | 1.14x | $829.31 Million |