Micronet Ltd
Micronet Ltd develops, manufactures, and markets mobile computing platforms for integration into fleet and mobile workforce management solutions. The company offers Micronet SmarTab, an android rugged tablet designed for both in vehicle and out of vehicle use; Micronet SmartHub, a telematics on board computer; TREQ-317, an automotive grade platform for various fleet management and ELD solutions; … Read more
Micronet Ltd (MCRNL) - Net Assets
Latest net assets as of September 2018: ILA23.62 Million ILA
Based on the latest financial reports, Micronet Ltd (MCRNL) has net assets worth ILA23.62 Million ILA as of September 2018.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA43.31 Million) and total liabilities (ILA19.69 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 | ILA23.62 Million |
| % of Total Assets | 54.55% |
| Annual Growth Rate | -2.39% |
| 5-Year Change | -42.31% |
| 10-Year Change | N/A |
| Growth Volatility | 19.23 |
Micronet Ltd - Net Assets Trend (2008–2017)
This chart illustrates how Micronet 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 Micronet Ltd (2008–2017)
The table below shows the annual net assets of Micronet Ltd from 2008 to 2017.
| Year | Net Assets | Change |
|---|---|---|
| 2017-12-31 | ILA35.10 Million | -10.37% |
| 2016-12-31 | ILA39.16 Million | -31.61% |
| 2015-12-31 | ILA57.26 Million | -8.59% |
| 2014-12-31 | ILA62.64 Million | +2.97% |
| 2013-12-31 | ILA60.84 Million | +14.93% |
| 2012-12-31 | ILA52.94 Million | +40.31% |
| 2011-12-31 | ILA37.73 Million | +8.17% |
| 2010-12-31 | ILA34.88 Million | -11.59% |
| 2009-12-31 | ILA39.45 Million | -9.61% |
| 2008-12-31 | ILA43.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Micronet 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 98.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2017)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA331.00K | 0.94% |
| Common Stock | ILA2.68 Million | 7.63% |
| Other Components | ILA32.09 Million | 91.42% |
| Total Equity | ILA35.10 Million | 100.00% |
Micronet Ltd Competitors by Market Cap
The table below lists competitors of Micronet Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atrato Onsite Energy PLC
LSE:ROOF
|
$13.98K |
|
Modern Shorouk Printing & Packaging
EGX:SMPP
|
$13.99K |
|
CODEXIS (4QK.SG)
STU:4QK
|
$14.01K |
|
Yuanta 13 Special Purpose Acquisition Co.
KO:449020
|
$14.01K |
|
0004Y0
KQ:0004Y0
|
$13.96K |
|
Castings PLC
LSE:CGS
|
$13.94K |
|
496070
KQ:496070
|
$13.93K |
|
Apex Material Technology Corp.
TWO:6899
|
$13.92K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Micronet Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2016 to 2017, total equity changed from 39,160,000 to 35,099,000, a change of -4,061,000 (-10.4%).
- Net loss of 12,947,000 reduced equity.
- Share repurchases of 9,844,000 reduced equity.
- Other factors increased equity by 18,730,000.
Equity Change Factors (2016 to 2017)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA-12.95 Million | -36.89% |
| Share Repurchases | ILA9.84 Million | -28.05% |
| Other Changes | ILA18.73 Million | +53.36% |
| Total Change | ILA- | -10.37% |
Book Value vs Market Value Analysis
This analysis compares Micronet 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.
Insufficient data available to analyze book value vs market value.
Capital Efficiency Dashboard
This dashboard shows how efficiently Micronet 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): -36.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.57%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.71x
- Recent ROE (-36.89%) is below the historical average (-3.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 1.94% | 2.30% | 0.57x | 1.49x | ILA-3.52 Million |
| 2011 | 0.37% | 0.31% | 0.62x | 1.92x | ILA-3.63 Million |
| 2012 | 33.34% | 16.91% | 1.30x | 1.51x | ILA12.36 Million |
| 2013 | 29.87% | 20.76% | 1.08x | 1.33x | ILA12.09 Million |
| 2014 | -1.68% | -1.30% | 0.79x | 1.65x | ILA-7.32 Million |
| 2015 | -9.61% | -9.72% | 0.62x | 1.59x | ILA-11.23 Million |
| 2016 | -45.21% | -34.67% | 0.82x | 1.60x | ILA-21.62 Million |
| 2017 | -36.89% | -19.57% | 1.10x | 1.71x | ILA-16.46 Million |
Industry Comparison
This section compares Micronet Ltd's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $32,713,778
- Average return on equity (ROE) among peers: -29.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Micronet Ltd (MCRNL) | ILA23.62 Million | 1.94% | 0.83x | $13.97K |
| Biomedix Incubator Ltd (BMDX) | $22.00 Million | -65.28% | 0.03x | $119.97K |
| Black Sea Property PLC Ordinary Shares (BSP) | $1.91 Million | -202.26% | 1.13x | $54.45K |
| Ai Conversation Systems Ltd (FVT) | $22.19 Million | 66.99% | 2.97x | $7.32K |
| Gamatronic Electronic Industries Ltd (GAMT) | $108.08 Million | 0.13% | 0.24x | $38.22K |
| Panaxia Labs Israel Ltd (HROD) | $12.92 Million | -39.72% | 1.29x | $107.94K |
| The Israel Land Development Company Ltd (ILDA) | $21.85 Million | -30.46% | 0.50x | $30.38K |
| Insuline Medical Ltd (INSL) | $-2.26 Million | 0.00% | 0.00x | $6.99K |
| Itay Financial A.A Investments Ltd (ITYF) | $20.94 Million | 32.06% | 24.49x | $10.35K |
| Netz Hotels Ltd (NZHT) | $86.81 Million | -22.84% | 0.00x | $1.49K |