Virtual Interactive Technologies Corp
Virtual Interactive Technologies Corp. operates as a game and metaverse developer internationally. The company offers Extrosive, a metaverse platform that replaces traditional financial experiences with global prosperity space. It is involved in the creation of immersion experiences by harnessing technologies, which includes blockchain and digital assets. The company also operates a game catalog,… Read more
Virtual Interactive Technologies Corp (VRVR) - Net Assets
Latest net assets as of June 2024: $-1.73 Million USD
Based on the latest financial reports, Virtual Interactive Technologies Corp (VRVR) has net assets worth $-1.73 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($96.78K) and total liabilities ($1.83 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 | $-1.73 Million |
| % of Total Assets | -1787.35% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 17.99 |
Virtual Interactive Technologies Corp - Net Assets Trend (2011–2024)
This chart illustrates how Virtual Interactive Technologies 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 Virtual Interactive Technologies Corp (2011–2024)
The table below shows the annual net assets of Virtual Interactive Technologies Corp from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $-1.54 Million | 0.00% |
| 2023-09-30 | $-1.54 Million | -293.38% |
| 2022-09-30 | $797.33K | +231.27% |
| 2021-09-30 | $-607.37K | +7.04% |
| 2020-09-30 | $-653.35K | +4.47% |
| 2019-09-30 | $-683.95K | -2000.71% |
| 2018-09-30 | $-32.56K | -315.07% |
| 2017-09-30 | $-7.84K | +85.82% |
| 2016-09-30 | $-55.31K | 0.00% |
| 2015-09-30 | $-55.31K | -1.12% |
| 2013-09-30 | $-54.69K | -247.48% |
| 2012-09-30 | $-15.74K | -257.40% |
| 2011-09-30 | $10.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Virtual Interactive Technologies 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 960431300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.25K | % |
| Other Components | $8.05 Million | % |
| Total Equity | $-1.54 Million | 100.00% |
Virtual Interactive Technologies Corp Competitors by Market Cap
The table below lists competitors of Virtual Interactive Technologies Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MRDIYT
BK:MRDIYT
|
$2.48K |
|
Ismailia Misr Poultry
EGX:ISMA
|
$2.48K |
|
RSID3F
SA:RSID3F
|
$2.48K |
|
Petro Vietnam LPG JSC
VN:PVG
|
$2.48K |
|
TTW PCL
STU:F1P
|
$2.47K |
|
Greenridge Exploration Inc.
F:HW3
|
$2.47K |
|
XINJIANG XINXIN -H- (33X1.SG)
STU:33X1
|
$2.47K |
|
CarePayment Technologies Inc
PINK:CPYT
|
$2.47K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Virtual Interactive Technologies Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,541,836 to -1,541,836, a change of 0.
- Net loss of 2,817,340 reduced equity.
- Share repurchases of 45,000 reduced equity.
- Other factors increased equity by 2,862,340.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.82 Million | -182.73% |
| Share Repurchases | $45.00K | -2.92% |
| Other Changes | $2.86 Million | +185.64% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Virtual Interactive Technologies 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 |
|---|---|---|---|
| 2011-09-30 | $0.10 | $0.00 | x |
| 2012-09-30 | $-0.01 | $0.00 | x |
| 2013-09-30 | $-0.03 | $0.00 | x |
| 2016-09-30 | $-0.02 | $0.00 | x |
| 2017-09-30 | $0.00 | $0.00 | x |
| 2018-09-30 | $-0.01 | $0.00 | x |
| 2019-09-30 | $-0.12 | $0.00 | x |
| 2020-09-30 | $-0.10 | $0.00 | x |
| 2021-09-30 | $-0.09 | $0.00 | x |
| 2022-09-30 | $0.11 | $0.00 | x |
| 2023-09-30 | $-0.19 | $0.00 | x |
| 2024-09-30 | $-0.18 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Virtual Interactive Technologies 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: -2160.54%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-17.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-26.34K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-33.48K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-17.61K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-31.37K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-27.71K |
| 2018 | 0.00% | -11.92% | 4.31x | 0.00x | $-26.46K |
| 2019 | 0.00% | -358.23% | 0.95x | 0.00x | $-1.13 Million |
| 2020 | 0.00% | -3.83% | 1.10x | 0.00x | $55.51K |
| 2021 | 0.00% | -57.06% | 0.48x | 0.00x | $-50.16K |
| 2022 | -207.70% | -1267.76% | 0.06x | 2.64x | $-1.74 Million |
| 2023 | 0.00% | -2160.54% | 1.02x | 0.00x | $-2.66 Million |
| 2024 | 0.00% | -2160.54% | 1.02x | 0.00x | $-2.66 Million |
Industry Comparison
This section compares Virtual Interactive Technologies Corp's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $3,313,913,293
- Average return on equity (ROE) among peers: -81.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Virtual Interactive Technologies Corp (VRVR) | $-1.73 Million | 0.00% | N/A | $2.48K |
| Alliance Media Holdings Inc (ADTR) | $3.34 Million | 5.56% | 2.25x | $1.00 |
| Alpha Esports Tech Inc (APETF) | $2.65 Million | -47.32% | 0.21x | $1.19K |
| Atlantis Internet Group Corp (ATIG) | $-2.11 Million | 0.00% | 0.00x | $1.96 |
| Kuuhubb Inc (BCDMF) | $448.25K | -290.46% | 0.57x | $333.35K |
| Blue Hat Interactive Entertainment (BHAT) | $6.95 Million | 37.02% | 0.79x | $1.57K |
| i3 Interactive Inc (BLITF) | $439.47K | -289.81% | 0.19x | $21.80K |
| Global Gaming Technologies Corp (BLKCF) | $3.39 Million | -79.50% | 0.30x | $12.22K |
| Capcom Co. Ltd (CCOEF) | $32.49 Billion | 11.15% | 2.27x | $8.38 Billion |
| Doubledown Interactive Co Ltd (DDI) | $626.23 Million | -37.36% | 0.26x | $7.07 Million |
| DarkIris Inc. Class A Ordinary Shares (DKI) | $6.78 Million | -127.41% | 0.25x | $2.82 Million |