X1 Esports and Entertainment Ltd.
Military Metals Corp. engages in the acquisition and exploration of mineral properties. It explores for gold and base metals, zinc, copper, and lead, as well as gold and silver by products. The company holds 100% interest in the Manson Bay Project in thirteen contiguous mineral claims covering an area of 4,293 hectares located in the province of Saskatchewan. The company is based in Vancouver, Ca… Read more
X1 Esports and Entertainment Ltd. (XOEEF) - Net Assets
Latest net assets as of May 2024: $-382.58K USD
Based on the latest financial reports, X1 Esports and Entertainment Ltd. (XOEEF) has net assets worth $-382.58K USD as of May 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($527.59K) and total liabilities ($910.18K). 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 | $-382.58K |
| % of Total Assets | -72.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 67.96 |
X1 Esports and Entertainment Ltd. - Net Assets Trend (2021–2023)
This chart illustrates how X1 Esports and Entertainment Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for X1 Esports and Entertainment Ltd. (2021–2023)
The table below shows the annual net assets of X1 Esports and Entertainment Ltd. from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-08-31 | $-530.18K | -123.55% |
| 2022-08-31 | $2.25 Million | +12.38% |
| 2021-08-31 | $2.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to X1 Esports and Entertainment Ltd.'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 624601000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.96 Million | % |
| Other Comprehensive Income | $767.45K | % |
| Total Equity | $-530.18K | 100.00% |
X1 Esports and Entertainment Ltd. Competitors by Market Cap
The table below lists competitors of X1 Esports and Entertainment Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Destinasi Tirta Nusantara Tbk
JK:PDES
|
$4.23 Million |
|
EFFNETPLATTFORMEN EV1 B
F:Y2Y
|
$4.23 Million |
|
TAIZHOU WATER GRP. H YC 1
F:GX5
|
$4.23 Million |
|
Minim Inc
NASDAQ:MINM
|
$4.23 Million |
|
ShreeOswal Seeds And Chemicals Limited
NSE:OSWALSEEDS
|
$4.23 Million |
|
Labor Smart Inc
PINK:LTNC
|
$4.23 Million |
|
Signet Industries Limited
NSE:SIGIND
|
$4.23 Million |
|
YOLO GROUP S.P.A. O.N.
F:X2Y
|
$4.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in X1 Esports and Entertainment Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,251,607 to -530,183, a change of -2,781,790 (-123.5%).
- Net loss of 3,411,035 reduced equity.
- Other comprehensive income increased equity by 383,053.
- Other factors increased equity by 246,192.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.41 Million | -643.37% |
| Other Comprehensive Income | $383.05K | +72.25% |
| Other Changes | $246.19K | +46.44% |
| Total Change | $- | -123.55% |
Book Value vs Market Value Analysis
This analysis compares X1 Esports and Entertainment Ltd.'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 |
|---|---|---|---|
| 2021-08-31 | $0.77 | $0.27 | x |
| 2022-08-31 | $0.28 | $0.27 | x |
| 2023-08-31 | $-0.06 | $0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently X1 Esports and Entertainment Ltd. 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 (-81.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -109.69% | -7423.14% | 0.01x | 1.07x | $-2.40 Million |
| 2022 | -136.10% | -783.85% | 0.13x | 1.34x | $-3.29 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.36 Million |
Industry Comparison
This section compares X1 Esports and Entertainment Ltd.'s net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| X1 Esports and Entertainment Ltd. (XOEEF) | $-382.58K | -109.69% | N/A | $4.23 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |