Twiik AB
Twiik AB (publ) develops digital solutions for trainers and gyms to digitize their service offering. It offers PT-Online, digital bootcamps, and courses. The company was incorporated in 2013 and is headquartered in Malmö, Sweden.
Twiik AB (TWIIK) - Net Assets
Latest net assets as of June 2024: Skr-8.85 Million SEK
Based on the latest financial reports, Twiik AB (TWIIK) has net assets worth Skr-8.85 Million SEK as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr1.04 Million) and total liabilities (Skr9.89 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 | Skr-8.85 Million |
| % of Total Assets | -852.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | -153.65% |
| 10-Year Change | N/A |
| Growth Volatility | 59.31 |
Twiik AB - Net Assets Trend (2017–2023)
This chart illustrates how Twiik AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Twiik AB (2017–2023)
The table below shows the annual net assets of Twiik AB from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Skr-4.37 Million | -134.61% |
| 2022-12-31 | Skr12.62 Million | -15.69% |
| 2021-12-31 | Skr14.97 Million | +49.72% |
| 2020-12-31 | Skr10.00 Million | +22.79% |
| 2019-12-31 | Skr8.14 Million | -51.23% |
| 2018-12-31 | Skr16.70 Million | -2.42% |
| 2017-12-31 | Skr17.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Twiik AB'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 5456485500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr1.17 Million | % |
| Other Comprehensive Income | Skr11.38 Million | % |
| Other Components | Skr47.11 Million | % |
| Total Equity | Skr-4.37 Million | 100.00% |
Twiik AB Competitors by Market Cap
The table below lists competitors of Twiik AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KING RIVER
BE:34N
|
$56.27 |
|
Internet Infinity Inc
PINK:ITNF
|
$56.31 |
|
ALCHEMY RES (45A.SG)
STU:45A
|
$56.32 |
|
Asuransi Digital Bersama Tbk
JK:YOII
|
$56.43 |
|
One World Universe Inc
PINK:OWUV
|
$56.03 |
|
Megola Inc
PINK:MGON
|
$56.00 |
|
Mobeus Income And Growth Vct Plc
LSE:MIX
|
$55.97 |
|
BAOXIN AUTO GRP
BE:6BA
|
$55.87 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Twiik AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 12,619,719 to -4,368,078, a change of -16,987,797 (-134.6%).
- Net loss of 22,521,232 reduced equity.
- New share issuances of 6,498,046 increased equity.
- Other comprehensive income increased equity by 2,559,257.
- Other factors decreased equity by 3,523,868.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-22.52 Million | -515.59% |
| Share Issuances | Skr6.50 Million | +148.76% |
| Other Comprehensive Income | Skr2.56 Million | +58.59% |
| Other Changes | Skr-3.52 Million | -80.67% |
| Total Change | Skr- | -134.61% |
Book Value vs Market Value Analysis
This analysis compares Twiik AB'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 |
|---|---|---|---|
| 2017-12-31 | Skr2.51 | Skr0.06 | x |
| 2018-12-31 | Skr2.45 | Skr0.06 | x |
| 2019-12-31 | Skr1.20 | Skr0.06 | x |
| 2020-12-31 | Skr1.47 | Skr0.06 | x |
| 2021-12-31 | Skr2.20 | Skr0.06 | x |
| 2022-12-31 | Skr1.23 | Skr0.06 | x |
| 2023-12-31 | Skr-0.15 | Skr0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Twiik AB 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: -176.82%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-70.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -19.63% | -940.41% | 0.02x | 1.11x | Skr-5.07 Million |
| 2018 | -21.93% | -226.39% | 0.07x | 1.32x | Skr-5.33 Million |
| 2019 | -253.44% | -836.62% | 0.15x | 1.98x | Skr-21.45 Million |
| 2020 | -64.27% | -148.96% | 0.23x | 1.85x | Skr-7.43 Million |
| 2021 | -60.18% | -101.70% | 0.38x | 1.55x | Skr-10.50 Million |
| 2022 | -72.62% | -76.35% | 0.56x | 1.70x | Skr-10.43 Million |
| 2023 | 0.00% | -176.82% | 1.24x | 0.00x | Skr-22.08 Million |
Industry Comparison
This section compares Twiik AB's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $126,048,416
- Average return on equity (ROE) among peers: -49.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Twiik AB (TWIIK) | Skr-8.85 Million | -19.63% | N/A | $56.19 |
| 24SevenOffice Scandinavia AB (247) | $224.91 Million | -92.59% | 1.79x | $11.74 Million |
| eEducation Albert AB (ALBERT) | $239.38 Million | -40.80% | 0.27x | $4.54 Million |
| AppSpotr AB (APTR) | $1.94 Million | -82.05% | 0.40x | $2.58 Million |
| Better Collective (BETCO) | $412.92 Million | 11.64% | 0.90x | $403.96 Million |
| BIMobject AB (BIM) | $2.25 Million | -100.86% | 0.40x | $36.99 Million |
| Bambuser AB (BUSER) | $94.15 Million | -120.06% | 0.51x | $12.43 Million |
| CodeMill AB (CDMIL) | $29.32 Million | -19.90% | 1.21x | $7.40 Million |
| Crunchfish AB (CFISH) | $47.16 Million | -56.24% | 0.17x | $12.42 Million |
| ChargePanel AB (CHARGE) | $672.00K | 3.13% | 2.05x | $3.02 Million |
| Checkin.com Group AB (CHECK) | $207.78 Million | 1.67% | 0.16x | $1.07 Million |