Mill City Ventures III Ltd
Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies. The firm also advises its portfolio com… Read more
Mill City Ventures III Ltd (MCVT) - Net Assets
Latest net assets as of June 2025: $20.26 Million USD
Based on the latest financial reports, Mill City Ventures III Ltd (MCVT) has net assets worth $20.26 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.45 Million) and total liabilities ($191.09K). 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 | $20.26 Million |
| % of Total Assets | 99.07% |
| Annual Growth Rate | 39.74% |
| 5-Year Change | 69.73% |
| 10-Year Change | 126.03% |
| Growth Volatility | 4268.7 |
Mill City Ventures III Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Mill City Ventures III 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 Mill City Ventures III Ltd (2007–2024)
The table below shows the annual net assets of Mill City Ventures III Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $19.76 Million | +6.28% |
| 2023-12-31 | $18.59 Million | +1.35% |
| 2022-12-31 | $18.34 Million | +36.74% |
| 2021-12-31 | $13.41 Million | +15.23% |
| 2020-12-31 | $11.64 Million | +15.62% |
| 2019-12-31 | $10.07 Million | -10.73% |
| 2018-12-31 | $11.28 Million | +17.13% |
| 2017-12-31 | $9.63 Million | +2.58% |
| 2016-12-31 | $9.39 Million | +7.39% |
| 2015-12-31 | $8.74 Million | -23.81% |
| 2014-12-31 | $11.47 Million | +9.05% |
| 2013-12-31 | $10.52 Million | +16581.46% |
| 2012-12-31 | $63.08K | +132.37% |
| 2011-12-31 | $-194.89K | -67.95% |
| 2010-12-31 | $-116.04K | -205.45% |
| 2009-12-31 | $-37.99K | -122.99% |
| 2008-12-31 | $165.21K | +147.21% |
| 2007-12-31 | $66.83K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mill City Ventures III 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 133288000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.38K | 0.03% |
| Other Comprehensive Income | $4.39 Million | 22.24% |
| Other Components | $16.93 Million | 85.70% |
| Total Equity | $19.76 Million | 100.00% |
Mill City Ventures III Ltd Competitors by Market Cap
The table below lists competitors of Mill City Ventures III Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Jiawei Photovoltaic Lighting Co Ltd
SHE:300317
|
$435.06 Million |
|
Greenlight Capital Re Ltd
NASDAQ:GLRE
|
$435.07 Million |
|
Predictive Discovery Limited
PINK:PDIYF
|
$435.08 Million |
|
Uranium Royalty Corp
NASDAQ:UROY
|
$435.19 Million |
|
Harim Holdings Co. Ltd
KQ:003380
|
$434.99 Million |
|
Zhejiang Yueling Co Ltd
SHE:002725
|
$434.97 Million |
|
YouGov plc
PINK:YUGVF
|
$434.90 Million |
|
Zhejiang Xinao Textiles Inc
SHG:603889
|
$434.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mill City Ventures III Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,590,263 to 19,757,989, a change of 1,167,726 (6.3%).
- Net income of 1,168,000 contributed positively to equity growth.
- Dividend payments of 72,496 reduced retained earnings.
- Other comprehensive income increased equity by 4,393,855.
- Other factors decreased equity by 4,321,633.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.17 Million | +5.91% |
| Dividends Paid | $72.50K | -0.37% |
| Other Comprehensive Income | $4.39 Million | +22.24% |
| Other Changes | $-4.32 Million | -21.87% |
| Total Change | $- | 6.28% |
Book Value vs Market Value Analysis
This analysis compares Mill City Ventures III 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: 2.01x
- 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 26.94x to 2.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $0.23 | $6.11 | x |
| 2008-12-31 | $0.48 | $6.11 | x |
| 2009-12-31 | $-0.10 | $6.11 | x |
| 2010-12-31 | $-0.28 | $6.11 | x |
| 2011-12-31 | $-0.43 | $6.11 | x |
| 2012-12-31 | $0.13 | $6.11 | x |
| 2013-12-31 | $2.32 | $6.11 | x |
| 2014-12-31 | $2.12 | $6.11 | x |
| 2015-12-31 | $1.62 | $6.11 | x |
| 2016-12-31 | $1.74 | $6.11 | x |
| 2017-12-31 | $1.83 | $6.11 | x |
| 2018-12-31 | $2.29 | $6.11 | x |
| 2019-12-31 | $2.05 | $6.11 | x |
| 2020-12-31 | $2.41 | $6.11 | x |
| 2021-12-31 | $2.80 | $6.11 | x |
| 2022-12-31 | $3.44 | $6.11 | x |
| 2023-12-31 | $2.97 | $6.11 | x |
| 2024-12-31 | $3.04 | $6.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mill City Ventures III 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): 5.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.38%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.04x
- Recent ROE (5.91%) is above the historical average (-40.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -299.26% | 0.00% | 0.00x | 1.30x | $-206.68K |
| 2008 | -171.30% | -8511.28% | 0.02x | 1.01x | $-299.52K |
| 2009 | 0.00% | -2767.09% | 0.35x | 0.00x | $-163.61K |
| 2010 | 0.00% | -4951.67% | 0.97x | 0.00x | $-136.95K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-107.36K |
| 2012 | -299.64% | 0.00% | 0.00x | 9.57x | $-195.31K |
| 2013 | -1.96% | -51.29% | 0.04x | 1.00x | $-1.26 Million |
| 2014 | 8.42% | 54.73% | 0.15x | 1.00x | $-180.91K |
| 2015 | -31.25% | -480.92% | 0.06x | 1.01x | $-3.61 Million |
| 2016 | 6.88% | 51.08% | 0.13x | 1.00x | $-292.62K |
| 2017 | 7.01% | 388.05% | 0.02x | 1.02x | $-287.48K |
| 2018 | 14.63% | 1094.73% | 0.01x | 1.00x | $522.11K |
| 2019 | -6.53% | -406.40% | 0.02x | 1.01x | $-1.66 Million |
| 2020 | 19.02% | 68.38% | 0.26x | 1.07x | $1.05 Million |
| 2021 | 21.11% | 54.02% | 0.31x | 1.24x | $1.49 Million |
| 2022 | 3.15% | 17.40% | 0.18x | 1.01x | $-1.26 Million |
| 2023 | -6.27% | -35.34% | 0.17x | 1.03x | $-3.03 Million |
| 2024 | 5.91% | 35.38% | 0.16x | 1.04x | $-807.80K |
Industry Comparison
This section compares Mill City Ventures III Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $42,167,772,618
- Average return on equity (ROE) among peers: 3.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mill City Ventures III Ltd (MCVT) | $20.26 Million | -299.26% | 0.01x | $435.00 Million |
| Accord Financial Corp (ACCFF) | $103.96 Million | 11.43% | 4.00x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $306.73 Billion | 3.47% | 2.77x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $13.28 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $47.20 Million | 1.69% | 11.77x | $1.51 Billion |
| Aiful Corp (AIFLF) | $97.47 Billion | -37.44% | 4.75x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $40.53 Million | 17.61% | 0.35x | $2.83 Million |
| Ally Financial Inc (ALLY) | $13.49 Billion | 6.88% | 11.39x | $10.34 Billion |
| Alpha Investment Inc (ALPC) | $-38.66K | 0.00% | 0.00x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $14.83 Million |