Oceansix Future Paths Ltd.
Oceansix Future Paths Ltd. provides solutions based on recycled plastic products in Europe. The company manufactures and sells trays and packaging products from plastic sheets and boards for automotive, agriculture, and beverage industries. It also develops solutions and added-value products from post-consumer recycled plastics. The company was formerly known as K.B. Recycling Industries Ltd. and… Read more
Oceansix Future Paths Ltd. (OSIX) - Net Assets
Latest net assets as of March 2024: CA$-681.00K CAD
Based on the latest financial reports, Oceansix Future Paths Ltd. (OSIX) has net assets worth CA$-681.00K 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$5.30 Million) and total liabilities (CA$5.98 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-681.00K |
| % of Total Assets | -12.85% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.87 |
Oceansix Future Paths Ltd. - Net Assets Trend (2020–2023)
This chart illustrates how Oceansix Future Paths 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 Oceansix Future Paths Ltd. (2020–2023)
The table below shows the annual net assets of Oceansix Future Paths Ltd. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$94.00K | -97.76% |
| 2022-12-31 | CA$4.19 Million | -10.01% |
| 2021-12-31 | CA$4.66 Million | +401.95% |
| 2020-12-31 | CA$-1.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Oceansix Future Paths 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 1581300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$53.68 Million | 57110.64% |
| Total Equity | CA$94.00K | 100.00% |
Oceansix Future Paths Ltd. Competitors by Market Cap
The table below lists competitors of Oceansix Future Paths Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great Quest Fertilizer Ltd
PINK:GQMLF
|
$350.01K |
|
APERAM REG. (7AA.SG)
STU:7AA
|
$350.09K |
|
KEY Petroleum Ltd
AU:KEY
|
$350.12K |
|
Amorepacific Corp. Pfd. Series 1
KQ:090435
|
$350.48K |
|
MOBA Network publ AB
ST:MOBA
|
$349.68K |
|
Mühlbauer Holding AG
XETRA:MUB
|
$349.35K |
|
Asep Medical Holdings Inc
PINK:SEPSF
|
$349.07K |
|
Avio SpA
STU:2ZP
|
$348.99K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Oceansix Future Paths Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,190,000 to 94,000, a change of -4,096,000 (-97.8%).
- Net loss of 4,653,000 reduced equity.
- Other factors increased equity by 557,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.65 Million | -4950.0% |
| Other Changes | CA$557.00K | +592.55% |
| Total Change | CA$- | -97.76% |
Book Value vs Market Value Analysis
This analysis compares Oceansix Future Paths 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.
Valuation Insights
- Current price-to-book ratio: 8.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$-0.01 | CA$0.01 | x |
| 2021-12-31 | CA$0.04 | CA$0.01 | x |
| 2022-12-31 | CA$0.03 | CA$0.01 | x |
| 2023-12-31 | CA$0.00 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Oceansix Future Paths Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4950.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -189.61%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 59.38x
- Recent ROE (-4950.00%) is below the historical average (-1300.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -467.02% | 0.17x | 0.00x | CA$-4.31 Million |
| 2021 | -143.64% | 0.00% | 0.00x | 2.06x | CA$-7.15 Million |
| 2022 | -106.73% | -652.85% | 0.08x | 1.97x | CA$-4.89 Million |
| 2023 | -4950.00% | -189.61% | 0.44x | 59.38x | CA$-4.66 Million |
Industry Comparison
This section compares Oceansix Future Paths Ltd.'s net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $118,116
- Average return on equity (ROE) among peers: -2.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Oceansix Future Paths Ltd. (OSIX) | CA$-681.00K | 0.00% | N/A | $349.78K |
| Appulse Corp (APL) | $118.12K | -2.23% | 0.06x | $1.11 Million |