WORLD ACCEPTANCE
WORLD ACCEPTANCE operates in Diversified Metals & Mining.
WORLD ACCEPTANCE (WOA) - Net Assets
Latest net assets as of September 2024: €417.46 Million EUR
Based on the latest financial reports, WORLD ACCEPTANCE (WOA) has net assets worth €417.46 Million EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.05 Billion) and total liabilities (€631.70 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 | €417.46 Million |
| % of Total Assets | 39.79% |
| Annual Growth Rate | -1.18% |
| 5-Year Change | 3.03% |
| 10-Year Change | N/A |
| Growth Volatility | 12.7 |
WORLD ACCEPTANCE - Net Assets Trend (2017–2024)
This chart illustrates how WORLD ACCEPTANCE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for WORLD ACCEPTANCE (2017–2024)
The table below shows the annual net assets of WORLD ACCEPTANCE from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | €424.43 Million | +10.18% |
| 2023-03-31 | €385.23 Million | +3.27% |
| 2022-03-31 | €373.02 Million | -7.88% |
| 2021-03-31 | €404.93 Million | -1.71% |
| 2020-03-31 | €411.96 Million | -25.38% |
| 2019-03-31 | €552.12 Million | +2.03% |
| 2018-03-31 | €541.11 Million | +17.36% |
| 2017-03-31 | €461.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WORLD ACCEPTANCE'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 60.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €137.99 Million | 32.51% |
| Other Components | €286.43 Million | 67.49% |
| Total Equity | €424.43 Million | 100.00% |
WORLD ACCEPTANCE Competitors by Market Cap
The table below lists competitors of WORLD ACCEPTANCE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JEMTEC Inc
V:JTC
|
$1.26 Million |
|
OCEAN SUN AS NK -01
F:OW7
|
$1.26 Million |
|
Amir Marketing and Investments in Agriculture Ltd
TA:AMRK
|
$1.26 Million |
|
District Copper Corp
PINK:CAXPF
|
$1.26 Million |
|
Avinger Inc
NASDAQ:AVGR
|
$1.26 Million |
|
Hexagon Energy Materials Limited
F:F93
|
$1.26 Million |
|
IDH DEVELOPMENT S.A.
F:7E2
|
$1.26 Million |
|
Sierra Grande Minerals Inc
OTCQB:SIERF
|
$1.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WORLD ACCEPTANCE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 385,226,737 to 424,427,216, a change of 39,200,479 (10.2%).
- Net income of 77,345,227 contributed positively to equity growth.
- Share repurchases of 36,204,531 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €77.35 Million | +18.22% |
| Share Repurchases | €36.20 Million | -8.53% |
| Other Changes | €-1.94 Million | -0.46% |
| Total Change | €- | 10.18% |
Book Value vs Market Value Analysis
This analysis compares WORLD ACCEPTANCE'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: 1.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.36x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €52.50 | €124.00 | x |
| 2018-03-31 | €59.34 | €124.00 | x |
| 2019-03-31 | €59.47 | €124.00 | x |
| 2020-03-31 | €52.76 | €124.00 | x |
| 2021-03-31 | €59.50 | €124.00 | x |
| 2022-03-31 | €58.76 | €124.00 | x |
| 2023-03-31 | €61.82 | €124.00 | x |
| 2024-03-31 | €71.47 | €124.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WORLD ACCEPTANCE 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): 18.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.73%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.49x
- Recent ROE (18.22%) is above the historical average (12.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 15.96% | 14.42% | 0.64x | 1.74x | €27.49 Million |
| 2018 | 9.92% | 10.14% | 0.63x | 1.55x | €-420.77K |
| 2019 | 6.74% | 7.07% | 0.62x | 1.55x | €-17.98 Million |
| 2020 | 6.83% | 4.99% | 0.55x | 2.50x | €-13.04 Million |
| 2021 | 21.80% | 17.58% | 0.53x | 2.36x | €47.79 Million |
| 2022 | 14.45% | 9.77% | 0.45x | 3.27x | €16.62 Million |
| 2023 | 5.51% | 3.75% | 0.51x | 2.90x | €-17.29 Million |
| 2024 | 18.22% | 14.73% | 0.50x | 2.49x | €34.90 Million |
Industry Comparison
This section compares WORLD ACCEPTANCE's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WORLD ACCEPTANCE (WOA) | €417.46 Million | 15.96% | 1.51x | $1.26 Million |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |