Appulse Corp
Appulse Corporation does not have significant operations. Previously, it was engaged in selling new and refurbished centrifuge machines and parts; renting centrifuge equipment; and providing maintenance, consulting, and design advice to industries. Appulse Corporation is based in Calgary, Canada.
Appulse Corp (APL) - Net Assets
Latest net assets as of September 2025: CA$4.02 Million CAD
Based on the latest financial reports, Appulse Corp (APL) has net assets worth CA$4.02 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.08 Million) and total liabilities (CA$64.25K). 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 | CA$4.02 Million |
| % of Total Assets | 98.43% |
| Annual Growth Rate | 17.48% |
| 5-Year Change | -25.76% |
| 10-Year Change | 37.27% |
| Growth Volatility | 251.94 |
Appulse Corp - Net Assets Trend (2002–2024)
This chart illustrates how Appulse Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Appulse Corp (2002–2024)
The table below shows the annual net assets of Appulse Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.09 Million | -51.11% |
| 2023-12-31 | CA$8.36 Million | +26.55% |
| 2022-12-31 | CA$6.61 Million | +5.74% |
| 2021-12-31 | CA$6.25 Million | +13.48% |
| 2020-12-31 | CA$5.51 Million | +25.23% |
| 2019-12-31 | CA$4.40 Million | +27.83% |
| 2018-12-31 | CA$3.44 Million | +6.93% |
| 2017-12-31 | CA$3.22 Million | +2.90% |
| 2016-12-31 | CA$3.13 Million | +4.97% |
| 2015-12-31 | CA$2.98 Million | +5.73% |
| 2014-12-31 | CA$2.82 Million | +5.65% |
| 2013-12-31 | CA$2.67 Million | -7.68% |
| 2012-12-31 | CA$2.89 Million | +8.60% |
| 2011-12-31 | CA$2.66 Million | 0.00% |
| 2010-12-31 | CA$2.66 Million | -5.38% |
| 2009-12-31 | CA$2.81 Million | -17.78% |
| 2008-12-31 | CA$3.42 Million | -5.04% |
| 2007-12-31 | CA$3.60 Million | +44.02% |
| 2006-12-31 | CA$2.50 Million | +34.95% |
| 2005-12-31 | CA$1.85 Million | -4.87% |
| 2004-12-31 | CA$1.95 Million | +25.55% |
| 2003-12-31 | CA$1.55 Million | +1212.84% |
| 2002-12-31 | CA$118.12K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Appulse Corp'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 318473100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$3.18 Million | 77.85% |
| Other Components | CA$905.60K | 22.15% |
| Total Equity | CA$4.09 Million | 100.00% |
Appulse Corp Competitors by Market Cap
The table below lists competitors of Appulse Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIQUID AVATAR TECHNO.INC.
F:4T5
|
$1.11 Million |
|
Ten-League International Holdings Limited Ordinary Shares
NASDAQ:TLIH
|
$1.11 Million |
|
Sonetel AB
ST:SONE
|
$1.11 Million |
|
Aino Health AB
ST:AINO
|
$1.11 Million |
|
MASIMO
BE:3M4
|
$1.11 Million |
|
Suumaya Industries Limited
NSE:SUULD
|
$1.11 Million |
|
Neurizer Ltd
AU:NRZ
|
$1.11 Million |
|
Lyc Healthcare Bhd
KLSE:0075
|
$1.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Appulse Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,361,437 to 4,087,696, a change of -4,273,741 (-51.1%).
- Net loss of 144,544 reduced equity.
- Dividend payments of 2,215,891 reduced retained earnings.
- Share repurchases of 1,994,306 reduced equity.
- Other factors increased equity by 81,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-144.54K | -3.54% |
| Dividends Paid | CA$2.22 Million | -54.21% |
| Share Repurchases | CA$1.99 Million | -48.79% |
| Other Changes | CA$81.00K | +1.98% |
| Total Change | CA$- | -51.11% |
Book Value vs Market Value Analysis
This analysis compares Appulse Corp'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: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.89x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CA$0.08 | CA$0.24 | x |
| 2003-12-31 | CA$0.25 | CA$0.24 | x |
| 2004-12-31 | CA$0.18 | CA$0.24 | x |
| 2005-12-31 | CA$0.18 | CA$0.24 | x |
| 2006-12-31 | CA$0.23 | CA$0.24 | x |
| 2007-12-31 | CA$0.28 | CA$0.24 | x |
| 2008-12-31 | CA$0.26 | CA$0.24 | x |
| 2009-12-31 | CA$0.22 | CA$0.24 | x |
| 2010-12-31 | CA$0.21 | CA$0.24 | x |
| 2011-12-31 | CA$0.21 | CA$0.24 | x |
| 2012-12-31 | CA$0.22 | CA$0.24 | x |
| 2013-12-31 | CA$0.21 | CA$0.24 | x |
| 2014-12-31 | CA$0.21 | CA$0.24 | x |
| 2015-12-31 | CA$0.23 | CA$0.24 | x |
| 2016-12-31 | CA$0.24 | CA$0.24 | x |
| 2017-12-31 | CA$0.24 | CA$0.24 | x |
| 2018-12-31 | CA$0.25 | CA$0.24 | x |
| 2019-12-31 | CA$0.32 | CA$0.24 | x |
| 2020-12-31 | CA$0.38 | CA$0.24 | x |
| 2021-12-31 | CA$0.43 | CA$0.24 | x |
| 2022-12-31 | CA$0.46 | CA$0.24 | x |
| 2023-12-31 | CA$0.57 | CA$0.24 | x |
| 2024-12-31 | CA$0.28 | CA$0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Appulse Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-3.54%) is below the historical average (2.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -2.23% | 0.00% | 0.00x | 1.06x | CA$-14.45K |
| 2003 | 10.79% | 4.85% | 0.87x | 2.56x | CA$12.20K |
| 2004 | -45.85% | -20.48% | 1.00x | 2.25x | CA$-1.09 Million |
| 2005 | 12.12% | 3.79% | 1.34x | 2.39x | CA$39.18K |
| 2006 | 8.02% | 3.33% | 1.10x | 2.19x | CA$-49.61K |
| 2007 | 29.43% | 14.69% | 1.05x | 1.90x | CA$671.65K |
| 2008 | -5.35% | -2.68% | 1.04x | 1.92x | CA$-507.69K |
| 2009 | -22.72% | -11.54% | 0.88x | 2.24x | CA$-888.48K |
| 2010 | -5.31% | -2.27% | 1.12x | 2.08x | CA$-396.96K |
| 2011 | 2.12% | 0.90% | 1.13x | 2.08x | CA$-204.25K |
| 2012 | 5.30% | 2.10% | 1.18x | 2.15x | CA$-133.70K |
| 2013 | -11.42% | -4.50% | 1.01x | 2.51x | CA$-563.13K |
| 2014 | 4.32% | 1.59% | 1.22x | 2.23x | CA$-159.94K |
| 2015 | 5.40% | 1.92% | 1.34x | 2.10x | CA$-136.85K |
| 2016 | 4.05% | 1.57% | 1.20x | 2.15x | CA$-186.12K |
| 2017 | 1.52% | 0.58% | 1.15x | 2.28x | CA$-272.63K |
| 2018 | 4.87% | 1.72% | 1.30x | 2.18x | CA$-176.39K |
| 2019 | 19.53% | 7.74% | 1.15x | 2.19x | CA$419.02K |
| 2020 | 19.90% | 10.47% | 1.05x | 1.82x | CA$545.09K |
| 2021 | 11.88% | 8.04% | 0.89x | 1.66x | CA$117.46K |
| 2022 | 3.60% | 2.27% | 1.01x | 1.57x | CA$-423.17K |
| 2023 | 7.69% | 0.00% | 0.00x | 1.08x | CA$-193.32K |
| 2024 | -3.54% | 0.00% | 0.00x | 1.02x | CA$-553.31K |
Industry Comparison
This section compares Appulse Corp's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $94,000
- Average return on equity (ROE) among peers: -4950.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Appulse Corp (APL) | CA$4.02 Million | -2.23% | 0.02x | $1.11 Million |
| Oceansix Future Paths Ltd. (OSIX) | $94.00K | -4950.00% | 58.38x | $349.78K |