Steer Technologies Inc.
Argo Corporation provides technology-enabled transit solutions in Canada. The company offers Argo Transit, a platform that offers municipalities a transit solution which Argo Transit has been deployed can use the Argo app to request trips at or near door for a standard transit fare. It also provides Argo School, a platform to serve the student transportation market. The company was formerly known… Read more
Steer Technologies Inc. (ARGH) - Net Assets
Latest net assets as of March 2024: CA$1.94 Million CAD
Based on the latest financial reports, Steer Technologies Inc. (ARGH) has net assets worth CA$1.94 Million CAD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$26.40 Million) and total liabilities (CA$24.46 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 | CA$1.94 Million |
| % of Total Assets | 7.37% |
| Annual Growth Rate | -48.5% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 205.7 |
Steer Technologies Inc. - Net Assets Trend (2020–2023)
This chart illustrates how Steer Technologies Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Steer Technologies Inc. (2020–2023)
The table below shows the annual net assets of Steer Technologies Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$2.15 Million | +367.70% |
| 2022-12-31 | CA$460.18K | -95.45% |
| 2021-12-31 | CA$10.11 Million | -35.72% |
| 2020-12-31 | CA$15.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Steer Technologies Inc.'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 6183518400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$91.27 Million | 4240.69% |
| Total Equity | CA$2.15 Million | 100.00% |
Steer Technologies Inc. Competitors by Market Cap
The table below lists competitors of Steer Technologies Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Heng Leasing & Capital PCL
BK:HENG
|
$38.71 Million |
|
Sherritt International Corporation
PINK:SHERF
|
$38.71 Million |
|
Awale Resources Ltd
V:ARIC
|
$38.72 Million |
|
Pierce Group AB
ST:PIERCE
|
$38.72 Million |
|
Zapata Computing Holdings Inc. Common Stock
NASDAQ:ZPTA
|
$38.68 Million |
|
3S KOREA Co. Ltd
KQ:060310
|
$38.66 Million |
|
Lojas Quero-Quero S.A
SA:LJQQ3
|
$38.66 Million |
|
Adhi Karya Persero Tbk
JK:ADHI
|
$38.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steer Technologies Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 460,181 to 2,152,257, a change of 1,692,076 (367.7%).
- Net income of 916,045 contributed positively to equity growth.
- Other factors increased equity by 776,031.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$916.04K | +42.56% |
| Other Changes | CA$776.03K | +36.06% |
| Total Change | CA$- | 367.70% |
Book Value vs Market Value Analysis
This analysis compares Steer Technologies Inc.'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: 22.55x
- 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 2.17x to 22.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.17 | CA$0.37 | x |
| 2021-12-31 | CA$0.11 | CA$0.37 | x |
| 2022-12-31 | CA$0.00 | CA$0.37 | x |
| 2023-12-31 | CA$0.02 | CA$0.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steer Technologies Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 42.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.17%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 11.94x
- Recent ROE (42.56%) is above the historical average (-1906.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -110.08% | -440.20% | 0.14x | 1.82x | CA$-18.89 Million |
| 2021 | -289.81% | -115.32% | 0.86x | 2.92x | CA$-30.32 Million |
| 2022 | -7266.81% | -60.89% | 1.71x | 69.61x | CA$-33.49 Million |
| 2023 | 42.56% | 5.17% | 0.69x | 11.94x | CA$700.82K |
Industry Comparison
This section compares Steer Technologies Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $-346,848
- Average return on equity (ROE) among peers: -91.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steer Technologies Inc. (ARGH) | CA$1.94 Million | -110.08% | 12.58x | $38.70 Million |
| Agereh Technologies Inc (AUTO) | $-7.80 Million | 0.00% | 0.00x | $5.11 Million |
| BLUERUSH Media Group Corp (BTV) | $2.38 Million | 21.27% | 0.82x | $103.25K |
| Geekco Technologies Corp (GKO) | $5.18 Million | 4.83% | 0.35x | $2.27 Million |
| Identillect Technologies Corp (ID) | $-1.48 Million | 0.00% | 0.00x | $819.87K |
| In-Touch Survey Systems Ltd. (INX) | $4.53 Million | -0.15% | 0.57x | $3.40 Million |
| iSign Media Solutions Inc (ISD) | $-4.50 Million | 0.00% | 0.00x | $1.62 Million |
| Jasper Commerce Inc. (JPIM) | $-2.97 Million | 0.00% | 0.00x | $127.85K |
| Mobio Technologies Inc (MBO) | $609.34K | -841.08% | 1.65x | $7.20 Million |
| MCX Technologies Corp (MCX) | $941.52K | -4.73% | 0.19x | $355.55K |