WellTek Incorporated
CLStv Corp. offers streaming services in the United States. It also focuses on acquiring and creating propriety and original content. The company was formerly known as WellTek Incorporated and changed its name to CLStv Corp. in April 2021. CLStv Corp. was founded in 2003 and is based in Conyers, Georgia.
WellTek Incorporated (WTKN) - Net Assets
Latest net assets as of June 2023: $-30.52K USD
Based on the latest financial reports, WellTek Incorporated (WTKN) has net assets worth $-30.52K USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($-25.00) and total liabilities ($30.50K). 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 | $-30.52K |
| % of Total Assets | 122100.0% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
WellTek Incorporated - Net Assets Trend (2006–2022)
This chart illustrates how WellTek Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for WellTek Incorporated (2006–2022)
The table below shows the annual net assets of WellTek Incorporated from 2006 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-14.95K | +3.12% |
| 2021-12-31 | $-15.43K | +98.10% |
| 2019-12-31 | $-813.84K | -2.57% |
| 2018-12-31 | $-793.45K | +0.96% |
| 2017-12-31 | $-801.15K | +9.09% |
| 2009-12-31 | $-881.25K | -365.94% |
| 2008-12-31 | $-189.13K | +90.50% |
| 2007-12-31 | $-1.99 Million | -308.22% |
| 2006-12-31 | $-487.74K | -- |
Equity Component Analysis
This analysis shows how different components contribute to WellTek Incorporated'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 grown by 250274000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.99K | % |
| Other Comprehensive Income | $-7.48K | % |
| Other Components | $55.21K | % |
| Total Equity | $-14.95K | 100.00% |
WellTek Incorporated Competitors by Market Cap
The table below lists competitors of WellTek Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ggtoor Inc
PINK:GTOR
|
$0.99 |
|
Coin Citadel
PINK:CCTL
|
$0.99 |
|
Renewable Energy Trade Board Corp
PINK:EBODF
|
$0.99 |
|
Digitcom Corp
OTCGREY:DGIV
|
$0.99 |
|
LCTI Low Carbon Technologies International Inc
PINK:LWCTF
|
$0.99 |
|
Universal Tracking Solutions Inc
PINK:UTRK
|
$0.99 |
|
Fitvia Corp
PINK:BRZV
|
$0.99 |
|
ZipLink Inc
PINK:ZIPL
|
$0.99 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WellTek Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -15,431 to -14,949, a change of 482.
- Net income of 7,961 contributed positively to equity growth.
- Other comprehensive income decreased equity by 7,481.
- Other factors increased equity by 2.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.96K | +53.25% |
| Other Comprehensive Income | $-7.48K | -50.04% |
| Other Changes | $2.00 | +0.01% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares WellTek Incorporated'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 |
|---|---|---|---|
| 2009-12-31 | $-0.62 | $0.00 | x |
| 2017-12-31 | $0.00 | $0.00 | x |
| 2018-12-31 | $0.00 | $0.00 | x |
| 2019-12-31 | $0.00 | $0.00 | x |
| 2020-12-31 | $0.00 | $0.00 | x |
| 2021-12-31 | $0.00 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WellTek Incorporated 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: 25.72%
- • Asset Turnover: 56.17x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.00% | -23.59% | 2.33x | 0.00x | $-1.18 Million |
| 2007 | 0.00% | -27.76% | 2.91x | 0.00x | $-1.17 Million |
| 2008 | 0.00% | -99.38% | 3.97x | 0.00x | $-3.73 Million |
| 2009 | 0.00% | -67.82% | 3.59x | 0.00x | $-1.64 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $78.93K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $77.54K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $67.13K |
| 2021 | 0.00% | -230.44% | 481.91x | 0.00x | $-75.08K |
| 2022 | 0.00% | 25.72% | 56.17x | 0.00x | $9.46K |
Industry Comparison
This section compares WellTek Incorporated's net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $461,004,694
- Average return on equity (ROE) among peers: -112.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WellTek Incorporated (WTKN) | $-30.52K | 0.00% | N/A | $0.99 |
| Aferian Plc (AOECF) | $78.88 Million | -22.09% | 0.59x | $3.61 Million |
| TV Azteca S.A.B. de C.V (AZTEF) | $3.48 Billion | -18.61% | 7.05x | $89.58K |
| Beasley Broadcast Group Inc (BBGI) | $47.53 Million | -64.28% | 4.57x | $2.28 Million |
| Cumulus Media Inc Class A (CMLS) | $512.74 Million | 38.24% | 6.55x | $1.82 Million |
| Curiositystream Inc. (CURI) | $72.65 Million | -67.31% | 0.39x | $138.54 Million |
| Emmis Communications Corp (EMMS) | $-6.51 Million | 0.00% | 0.00x | $26.80 Million |
| Freedom Holdings Inc (FHLD) | $268.93K | -415.05% | 9.21x | $894.13K |
| Fubotv Inc (FUBO) | $283.82 Million | -101.28% | 3.34x | $409.09 Million |
| Granite Broadcasting Corporation (GRRP) | $26.99 Million | -302.20% | 16.49x | $1.99K |
| Gray Television Inc (GTN-A) | $117.11 Million | -172.51% | 9.92x | $894.19 Million |