Nitro Games Oyj
Nitro Games Oyj develops and publishes mobile games in the European Union, North America, the United Kingdom, and internationally. It provides development services for companies and brands. The company was incorporated in 2007 and is headquartered in Kotka, Finland.
Nitro Games Oyj (NITRO) - Net Assets
Latest net assets as of September 2025: Skr2.23 Million SEK
Based on the latest financial reports, Nitro Games Oyj (NITRO) has net assets worth Skr2.23 Million SEK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr6.00 Million) and total liabilities (Skr3.77 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 | Skr2.23 Million |
| % of Total Assets | 37.14% |
| Annual Growth Rate | 11.76% |
| 5-Year Change | 59.65% |
| 10-Year Change | 238.74% |
| Growth Volatility | 98.34 |
Nitro Games Oyj - Net Assets Trend (2014–2024)
This chart illustrates how Nitro Games Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nitro Games Oyj (2014–2024)
The table below shows the annual net assets of Nitro Games Oyj from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr2.38 Million | +41.39% |
| 2023-12-31 | Skr1.69 Million | +232.17% |
| 2022-12-31 | Skr507.67K | -86.98% |
| 2021-12-31 | Skr3.90 Million | +161.11% |
| 2020-12-31 | Skr1.49 Million | -24.08% |
| 2019-12-31 | Skr1.97 Million | -49.04% |
| 2018-12-31 | Skr3.86 Million | +18.85% |
| 2017-12-31 | Skr3.25 Million | +157.86% |
| 2016-12-31 | Skr1.26 Million | +78.95% |
| 2015-12-31 | Skr703.90K | -10.25% |
| 2014-12-31 | Skr784.33K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nitro Games Oyj'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 2583724100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr80.00K | 3.36% |
| Other Comprehensive Income | Skr30.67 Million | 1286.47% |
| Total Equity | Skr2.38 Million | 100.00% |
Nitro Games Oyj Competitors by Market Cap
The table below lists competitors of Nitro Games Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canadian Manganese Company Inc.
OTCQB:CDMNF
|
$1.19 Million |
|
Plutus Financial Group Limited Ordinary Shares
NASDAQ:PLUT
|
$1.19 Million |
|
XTM Inc
PINK:XTMIF
|
$1.20 Million |
|
CAT STRATEGIC MET.
F:8CHA
|
$1.20 Million |
|
ARROW ELECTRONICS
MU:ARW
|
$1.19 Million |
|
Mantex AB
ST:MANTEX
|
$1.19 Million |
|
BHMINESLTD FPO [BHM]
AU:BHM
|
$1.19 Million |
|
STARBREEZE AB B SK-20
F:2ST
|
$1.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nitro Games Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,686,361 to 2,384,426, a change of 698,065 (41.4%).
- Net income of 475,326 contributed positively to equity growth.
- Other comprehensive income decreased equity by 238,283.
- Other factors increased equity by 461,022.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr475.33K | +19.93% |
| Other Comprehensive Income | Skr-238.28K | -9.99% |
| Other Changes | Skr461.02K | +19.33% |
| Total Change | Skr- | 41.39% |
Book Value vs Market Value Analysis
This analysis compares Nitro Games Oyj'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
- Current price-to-book ratio: 15.68x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.29x to 15.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | Skr0.65 | Skr1.50 | x |
| 2015-12-31 | Skr0.59 | Skr1.50 | x |
| 2016-12-31 | Skr1.05 | Skr1.50 | x |
| 2017-12-31 | Skr2.20 | Skr1.50 | x |
| 2018-12-31 | Skr1.40 | Skr1.50 | x |
| 2019-12-31 | Skr0.51 | Skr1.50 | x |
| 2020-12-31 | Skr0.20 | Skr1.50 | x |
| 2021-12-31 | Skr0.35 | Skr1.50 | x |
| 2022-12-31 | Skr0.04 | Skr1.50 | x |
| 2023-12-31 | Skr0.10 | Skr1.50 | x |
| 2024-12-31 | Skr0.10 | Skr1.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nitro Games Oyj 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): 19.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.17%
- • Asset Turnover: 1.51x
- • Equity Multiplier: 3.16x
- Recent ROE (19.93%) is above the historical average (-168.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -114.97% | -63.02% | 0.31x | 5.83x | Skr-980.20K |
| 2015 | -83.71% | -31.39% | 0.51x | 5.21x | Skr-659.59K |
| 2016 | -117.70% | -179.08% | 0.28x | 2.36x | Skr-1.61 Million |
| 2017 | -102.87% | -194.70% | 0.40x | 1.32x | Skr-3.67 Million |
| 2018 | -148.92% | -260.81% | 0.48x | 1.19x | Skr-6.13 Million |
| 2019 | -167.86% | -404.60% | 0.23x | 1.77x | Skr-3.50 Million |
| 2020 | -190.06% | -242.36% | 0.20x | 4.00x | Skr-2.99 Million |
| 2021 | -74.64% | -110.45% | 0.38x | 1.80x | Skr-3.30 Million |
| 2022 | -673.50% | -47.17% | 0.91x | 15.66x | Skr-3.47 Million |
| 2023 | -194.69% | -37.13% | 0.83x | 6.32x | Skr-3.45 Million |
| 2024 | 19.93% | 4.17% | 1.51x | 3.16x | Skr236.88K |
Industry Comparison
This section compares Nitro Games Oyj's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $201,469,184
- Average return on equity (ROE) among peers: -22.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nitro Games Oyj (NITRO) | Skr2.23 Million | -114.97% | 1.69x | $1.19 Million |
| BRAVE (BRAVE) | $6.57 Million | -257.66% | 2.59x | $1.26K |
| Coffee Stain Group B (COFFEE-B) | $1.46 Billion | 13.19% | 1.75x | $14.02K |
| Enad Global 7 AB (EG7) | $250.13 Million | -11.23% | 1.84x | $42.96 Million |
| Envar Holding AB (ENVAR) | $21.81 Million | 4.19% | 0.41x | $31.89K |
| Fantasma Games AB (FAGA) | $31.93 Million | 7.12% | 0.51x | $10.81 Million |
| Flexion Mobile PLC (FLEXM) | $13.08 Million | 4.11% | 1.13x | $8.27 Million |
| Fragbite Group AB (FRAG) | $161.51 Million | -63.84% | 1.37x | $2.89 Million |
| Fsport AB (FSPORT) | $48.55 Million | -32.26% | 0.07x | $118.91K |
| GiG Software PLC (GIG-SDB) | $11.93 Million | -0.52% | 6.35x | $44.07 Million |
| Hacksaw (HACK) | $13.19 Million | 108.13% | 0.95x | $1.26 Billion |