Mill City Ventures III Ltd (MCVT) - Net Assets
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. Check MCVT tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. See Mill City Ventures III Ltd (MCVT) liquidity interval to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see MCVT market cap.
| 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 |
|---|---|
|
Baida Group Co Ltd
SHG:600865
|
$502.11 Million |
|
Henan Jindan Lactic Acid Technology
SHE:300829
|
$502.19 Million |
|
Shandong Shengli Co Ltd
SHE:000407
|
$502.26 Million |
|
Altice USA Inc
NYSE:ATUS
|
$502.28 Million |
|
Malibu Boats Inc
NASDAQ:MBUU
|
$501.34 Million |
|
Avax S.A
AT:AVAX
|
$501.33 Million |
|
Armada Hoffler Properties, Inc.
NYSE:AHRT
|
$501.31 Million |
|
Kaufman Et Broad
PA:KOF
|
$501.24 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: 8.97x
- 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 decreased from 120.36x to 8.97x 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 | $27.30 | x |
| 2008-12-31 | $0.48 | $27.30 | x |
| 2009-12-31 | $-0.10 | $27.30 | x |
| 2010-12-31 | $-0.28 | $27.30 | x |
| 2011-12-31 | $-0.43 | $27.30 | x |
| 2012-12-31 | $0.13 | $27.30 | x |
| 2013-12-31 | $2.32 | $27.30 | x |
| 2014-12-31 | $2.12 | $27.30 | x |
| 2015-12-31 | $1.62 | $27.30 | x |
| 2016-12-31 | $1.74 | $27.30 | x |
| 2017-12-31 | $1.83 | $27.30 | x |
| 2018-12-31 | $2.29 | $27.30 | x |
| 2019-12-31 | $2.05 | $27.30 | x |
| 2020-12-31 | $2.41 | $27.30 | x |
| 2021-12-31 | $2.80 | $27.30 | x |
| 2022-12-31 | $3.44 | $27.30 | x |
| 2023-12-31 | $2.97 | $27.30 | x |
| 2024-12-31 | $3.04 | $27.30 | 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: $3,356,917,589
- Average return on equity (ROE) among peers: 4.63%
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 | $501.70 Million |
| Affirm Holdings Inc (AFRM) | $2.58 Billion | -17.12% | 0.89x | $20.82 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $574.47 Million | 13.11% | 22.26x | $1.71 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $992.48 Million | 10.95% | 23.54x | $144.53 Million |
| AIOS Tech Inc. (AIOS) | $211.13 Million | 2.74% | 0.29x | $3.53 Million |
| Ally Financial Inc (ALLY) | $13.27 Billion | 9.52% | 12.48x | $12.59 Billion |
| Antalpha Platform Holding Co (ANTA) | $12.71 Million | -51.81% | 56.59x | $158.11 Million |
| Atlanticus Holdings Corporation (ATLC) | $176.40 Million | 33.45% | 0.27x | $1.34 Billion |
| American Express Company (AXP) | $13.86 Billion | 19.27% | 10.34x | $215.64 Billion |
| Bread Financial Holdings, Inc. (BFH) | $1.62 Billion | 17.15% | 15.34x | $4.10 Billion |
| Credit Acceptance Corporation (CACC) | $276.26 Million | 9.05% | 1.72x | $5.46 Billion |
About 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