TUT Fitness Group Inc (GYM) - Net Assets
Based on the latest financial reports, TUT Fitness Group Inc (GYM) has net assets worth CA$20.64K CAD (≈ $14.93K USD) as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$554.43K ≈ $401.07K USD) and total liabilities (CA$533.79K ≈ $386.13K USD). 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. Check how resilient are TUT Fitness Group Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$20.64K |
| % of Total Assets | 3.72% |
| Annual Growth Rate | -71.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.05 |
TUT Fitness Group Inc - Net Assets Trend (2021–2023)
This chart illustrates how TUT Fitness Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore TUT Fitness Group Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for TUT Fitness Group Inc (2021–2023)
The table below shows the annual net assets of TUT Fitness Group Inc from 2021 to 2023. For live valuation and market cap data, see TUT Fitness Group Inc (GYM) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | CA$290.24K ≈ $209.95K |
-82.60% |
| 2022-09-30 | CA$1.67 Million ≈ $1.21 Million |
-52.49% |
| 2021-09-30 | CA$3.51 Million ≈ $2.54 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to TUT Fitness Group 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 331435300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$5.99 Million | 2062.41% |
| Total Equity | CA$290.24K | 100.00% |
TUT Fitness Group Inc Competitors by Market Cap
The table below lists competitors of TUT Fitness Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crown LNG Holdings Limited Ordinary Shares
NASDAQ:CGBS
|
$293.65K |
|
Goldplat PLC
LSE:GDP
|
$296.11K |
|
CERTIVE SOLUTIONS INC.
F:5CE
|
$296.62K |
|
Wag! Group Co.
NASDAQ:PET
|
$299.36K |
|
TTA Holdings Ltd
AU:TTA
|
$291.71K |
|
Provexis plc
LSE:PXS
|
$291.14K |
|
Tongaat
JSE:TON
|
$290.09K |
|
Sino-German United AG
F:SGU
|
$288.00K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TUT Fitness Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,667,956 to 290,237, a change of -1,377,719 (-82.6%).
- Net loss of 1,649,086 reduced equity.
- New share issuances of 196,100 increased equity.
- Other factors increased equity by 75,267.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.65 Million | -568.19% |
| Share Issuances | CA$196.10K | +67.57% |
| Other Changes | CA$75.27K | +25.93% |
| Total Change | CA$- | -82.60% |
Book Value vs Market Value Analysis
This analysis compares TUT Fitness Group 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: 17531.00x
- 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 1216.09x to 17531.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | CA$0.11 | CA$139.00 | x |
| 2022-09-30 | CA$0.05 | CA$139.00 | x |
| 2023-09-30 | CA$0.01 | CA$139.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TUT Fitness Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -568.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -998.57%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.44x
- Recent ROE (-568.19%) is below the historical average (-243.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -61.11% | -5891.90% | 0.01x | 1.13x | CA$-2.50 Million |
| 2022 | -99.84% | -1546.80% | 0.06x | 1.13x | CA$-1.83 Million |
| 2023 | -568.19% | -998.57% | 0.23x | 2.44x | CA$-1.68 Million |
Industry Comparison
This section compares TUT Fitness Group Inc's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $194,351,526
- Average return on equity (ROE) among peers: -68.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TUT Fitness Group Inc (GYM) | CA$20.64K | -61.11% | 25.86x | $292.84K |
| Canlan Ice Sports Corp. (ICE) | $44.93 Million | 2.88% | 1.29x | $41.49 Million |
| Pool Safe Inc (POOL) | $409.11K | -310.99% | 1.13x | $3.45 Million |
| Spin Master Corp (TOY) | $500.08 Million | 32.21% | 0.88x | $474.38 Million |
| TWC Enterprises Ltd (TWC) | $231.99 Million | 0.88% | 1.72x | $428.38 Million |
About TUT Fitness Group Inc
TUT Fitness Group Inc.designs, develops, manufactures, distributes, and sells fitness equipment in Canada and the United States. It offers TUT Trainer, a portable micro-gym; TUT Rower, a rower cardio workout product; and TUT Training mobile app, as well as related accessories. TUT Fitness Group Inc. was founded in 2018 and is headquartered in Vancouver, Canada.