Sparx Technology Inc
Sparx Technology Inc. engages in the development and distribution of real-time platforms for clients. It also offers broadcast and app integration services that helps news, sports, and entertainment brands to interaction into their programming through a second screen; video on demand services; and Sparx studio platform. Sparx Technology Inc. is based in Vancouver, Canada.
Sparx Technology Inc (SPRX) - Net Assets
Latest net assets as of December 2023: CA$-1.20 Million CAD
Based on the latest financial reports, Sparx Technology Inc (SPRX) has net assets worth CA$-1.20 Million CAD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$114.67K) and total liabilities (CA$1.32 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-1.20 Million |
| % of Total Assets | -1048.68% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Sparx Technology Inc - Net Assets Trend (2022–2023)
This chart illustrates how Sparx Technology 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 Sparx Technology Inc (2022–2023)
The table below shows the annual net assets of Sparx Technology Inc from 2022 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | CA$-1.06 Million | -270.09% |
| 2022-06-30 | CA$623.98K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sparx Technology 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 174749500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$23.06 Million | % |
| Total Equity | CA$-1.06 Million | 100.00% |
Sparx Technology Inc Competitors by Market Cap
The table below lists competitors of Sparx Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EFC-P-E
NYSE:EFC-P-E
|
$254.51K |
|
Cyber Apps World Inc
PINK:CYAP
|
$254.58K |
|
Nevado Resources Corporation
V:VDO-H
|
$254.74K |
|
Exchange Traded Concepts Trust
NYSE:BOBP
|
$254.99K |
|
Southern California Gas Company PFD 6%
OTCQB:SOCGM
|
$254.44K |
|
MITSUBI HEAVY IND
MU:MIH
|
$254.33K |
|
SUMITOMO REALTY DEV (RL2.SG)
STU:RL2
|
$254.21K |
|
Phoenix Education Partners, Inc.
NYSE:PXED
|
$254.15K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sparx Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 623,977 to -1,061,351, a change of -1,685,328 (-270.1%).
- Net loss of 1,747,495 reduced equity.
- Other factors increased equity by 62,167.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.75 Million | -164.65% |
| Other Changes | CA$62.17K | +5.86% |
| Total Change | CA$- | -270.09% |
Book Value vs Market Value Analysis
This analysis compares Sparx Technology 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-06-30 | CA$0.01 | CA$39.51 | x |
| 2023-06-30 | CA$-0.01 | CA$39.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sparx Technology Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -278.24%
- • Asset Turnover: 5.25x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-357.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -715.34% | -479.55% | 0.74x | 2.01x | CA$-4.53 Million |
| 2023 | 0.00% | -278.24% | 5.25x | 0.00x | CA$-1.64 Million |
Industry Comparison
This section compares Sparx Technology Inc's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $153,646,173
- Average return on equity (ROE) among peers: -5.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sparx Technology Inc (SPRX) | CA$-1.20 Million | -715.34% | N/A | $254.49K |
| Blue Ant Media Corporation (BAMI) | $202.08 Million | -15.89% | 1.99x | $37.92K |
| Boat Rocker Media Inc (BRMI) | $261.65 Million | 0.69% | 2.04x | $13.30 Million |
| TGS Esports Inc (TGS) | $-2.80 Million | 0.00% | 0.00x | $5.29 Million |