The Singing Machine Company Inc. Common Stock
The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; mic… Read more
The Singing Machine Company Inc. Common Stock (MICS) - Net Assets
Latest net assets as of June 2024: $-872.00K USD
Based on the latest financial reports, The Singing Machine Company Inc. Common Stock (MICS) has net assets worth $-872.00K USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.37 Million) and total liabilities ($13.24 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 | $-872.00K |
| % of Total Assets | -7.05% |
| Annual Growth Rate | 14.21% |
| 5-Year Change | 33.23% |
| 10-Year Change | 93.02% |
| Growth Volatility | 503.33 |
The Singing Machine Company Inc. Common Stock - Net Assets Trend (1996–2024)
This chart illustrates how The Singing Machine Company Inc. Common Stock's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Singing Machine Company Inc. Common Stock (1996–2024)
The table below shows the annual net assets of The Singing Machine Company Inc. Common Stock from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $7.58 Million | -26.65% |
| 2023-03-31 | $10.33 Million | +2.94% |
| 2022-03-31 | $10.04 Million | +26.89% |
| 2021-03-31 | $7.91 Million | +39.06% |
| 2020-03-31 | $5.69 Million | -33.08% |
| 2019-03-31 | $8.50 Million | +8.90% |
| 2018-03-31 | $7.81 Million | +4.89% |
| 2017-03-31 | $7.44 Million | +31.63% |
| 2016-03-31 | $5.65 Million | +44.00% |
| 2015-03-31 | $3.93 Million | +5.84% |
| 2014-03-31 | $3.71 Million | +42.79% |
| 2013-03-31 | $2.60 Million | +565.66% |
| 2012-03-31 | $-557.88K | +46.72% |
| 2011-03-31 | $-1.05 Million | -133.94% |
| 2010-03-31 | $-447.57K | -117.36% |
| 2009-03-31 | $2.58 Million | -36.61% |
| 2008-03-31 | $4.07 Million | +40.41% |
| 2007-03-31 | $2.90 Million | +179.12% |
| 2006-03-31 | $-3.66 Million | -84.47% |
| 2005-03-31 | $-1.99 Million | -1015.54% |
| 2004-03-31 | $216.81K | -98.77% |
| 2003-03-31 | $17.69 Million | -4.25% |
| 2002-03-31 | $18.47 Million | +107.09% |
| 2001-03-31 | $8.92 Million | +128.32% |
| 2000-03-31 | $3.91 Million | +982.14% |
| 1999-03-31 | $-442.82K | +87.95% |
| 1997-03-31 | $-3.67 Million | -2099.22% |
| 1996-03-31 | $183.74K | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Singing Machine Company Inc. Common Stock'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 2024345600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $64.00K | 0.84% |
| Other Components | $33.43 Million | 441.13% |
| Total Equity | $7.58 Million | 100.00% |
The Singing Machine Company Inc. Common Stock Competitors by Market Cap
The table below lists competitors of The Singing Machine Company Inc. Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KUEHNE+NAGEL INT N
MU:KNIA
|
$1.82 Million |
|
Longwen Group Corp
PINK:LWLW
|
$1.82 Million |
|
DISCOVER FNCL SRVCS
MU:DC7
|
$1.82 Million |
|
Diligent Media Corporation Limited
NSE:DNAMEDIA
|
$1.82 Million |
|
Raise Production Inc
PINK:GLKFF
|
$1.82 Million |
|
Haidemenos S.A.
AT:HAIDE
|
$1.82 Million |
|
LIGAND PHARMA (LGDN.SG)
STU:LGDN
|
$1.81 Million |
|
Superior Industries International
NYSE:SUP
|
$1.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Singing Machine Company Inc. Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,331,045 to 7,578,000, a change of -2,753,045 (-26.6%).
- Net loss of 8,530,665 reduced equity.
- Other comprehensive income increased equity by 5,891.
- Other factors increased equity by 5,771,729.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.53 Million | -112.57% |
| Other Comprehensive Income | $5.89K | +0.08% |
| Other Changes | $5.77 Million | +76.16% |
| Total Change | $- | -26.65% |
Book Value vs Market Value Analysis
This analysis compares The Singing Machine Company Inc. Common Stock'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: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.03x to 0.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-03-31 | $13.10 | $0.35 | x |
| 1997-03-31 | $-260.86 | $0.35 | x |
| 1999-03-31 | $-23.72 | $0.35 | x |
| 2000-03-31 | $23.38 | $0.35 | x |
| 2001-03-31 | $36.19 | $0.35 | x |
| 2002-03-31 | $69.76 | $0.35 | x |
| 2003-03-31 | $59.40 | $0.35 | x |
| 2004-03-31 | $0.76 | $0.35 | x |
| 2005-03-31 | $-6.54 | $0.35 | x |
| 2006-03-31 | $-10.95 | $0.35 | x |
| 2007-03-31 | $3.51 | $0.35 | x |
| 2008-03-31 | $3.95 | $0.35 | x |
| 2009-03-31 | $2.37 | $0.35 | x |
| 2010-03-31 | $-0.36 | $0.35 | x |
| 2011-03-31 | $-0.83 | $0.35 | x |
| 2012-03-31 | $-0.44 | $0.35 | x |
| 2013-03-31 | $2.03 | $0.35 | x |
| 2014-03-31 | $2.88 | $0.35 | x |
| 2015-03-31 | $3.05 | $0.35 | x |
| 2016-03-31 | $4.39 | $0.35 | x |
| 2017-03-31 | $5.66 | $0.35 | x |
| 2018-03-31 | $5.92 | $0.35 | x |
| 2019-03-31 | $6.50 | $0.35 | x |
| 2020-03-31 | $4.43 | $0.35 | x |
| 2021-03-31 | $6.06 | $0.35 | x |
| 2022-03-31 | $6.18 | $0.35 | x |
| 2023-03-31 | $3.67 | $0.35 | x |
| 2024-03-31 | $1.56 | $0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Singing Machine Company Inc. Common Stock 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): -112.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.91%
- • Asset Turnover: 1.40x
- • Equity Multiplier: 3.66x
- Recent ROE (-112.57%) is above the historical average (-445.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -2095.87% | -74.12% | 0.99x | 28.68x | $-3.87 Million |
| 1997 | 0.00% | -36.30% | 5.79x | 0.00x | $-3.51 Million |
| 1999 | 0.00% | -14.55% | 5.73x | 0.00x | $-862.30K |
| 2000 | 18.89% | 3.88% | 4.38x | 1.11x | $347.36K |
| 2001 | 46.70% | 12.14% | 3.26x | 1.18x | $3.27 Million |
| 2002 | 43.67% | 13.04% | 2.85x | 1.17x | $6.22 Million |
| 2003 | 6.89% | 1.27% | 2.46x | 2.20x | $-550.72K |
| 2004 | -10462.16% | -32.16% | 4.78x | 68.08x | $-22.71 Million |
| 2005 | 0.00% | -9.40% | 4.98x | 0.00x | $-3.39 Million |
| 2006 | 0.00% | -5.90% | 7.14x | 0.00x | $-1.54 Million |
| 2007 | 25.49% | 2.76% | 4.72x | 1.95x | $448.85K |
| 2008 | 0.04% | 0.01% | 4.71x | 1.78x | $-405.09K |
| 2009 | -84.97% | -6.89% | 3.82x | 3.23x | $-2.45 Million |
| 2010 | 0.00% | -14.34% | 3.74x | 0.00x | $-3.01 Million |
| 2011 | 0.00% | -3.23% | 3.47x | 0.00x | $-514.85K |
| 2012 | 0.00% | 1.79% | 4.53x | 0.00x | $518.90K |
| 2013 | 120.91% | 9.12% | 3.58x | 3.71x | $2.88 Million |
| 2014 | 27.07% | 3.20% | 2.68x | 3.16x | $633.37K |
| 2015 | 4.33% | 0.43% | 3.22x | 3.11x | $-222.44K |
| 2016 | 30.13% | 3.49% | 4.67x | 1.85x | $1.14 Million |
| 2017 | 22.93% | 3.22% | 4.55x | 1.56x | $962.02K |
| 2018 | 1.95% | 0.25% | 4.80x | 1.62x | $-628.09K |
| 2019 | 7.43% | 1.36% | 3.81x | 1.43x | $-218.47K |
| 2020 | -50.23% | -6.90% | 2.49x | 2.92x | $-3.43 Million |
| 2021 | 27.47% | 4.74% | 2.73x | 2.12x | $1.38 Million |
| 2022 | 2.29% | 0.48% | 2.10x | 2.26x | $-773.64K |
| 2023 | -44.90% | -11.80% | 2.36x | 1.61x | $-5.67 Million |
| 2024 | -112.57% | -21.91% | 1.40x | 3.66x | $-9.29 Million |
Industry Comparison
This section compares The Singing Machine Company Inc. Common Stock's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $9,241,081,002
- Average return on equity (ROE) among peers: -54.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Singing Machine Company Inc. Common Stock (MICS) | $-872.00K | -2095.87% | N/A | $1.82 Million |
| Apple Inc (AAPL) | $90.49 Billion | 61.06% | 2.74x | $3.73 Trillion |
| Audio Pixels Holdings Limited (ADPXF) | $-11.10 Million | 0.00% | 0.00x | $67.94 Million |
| Atomos Limited (AMOSF) | $54.24 Million | -19.11% | 1.00x | $66.13K |
| Andrea Electronic Cp (ANDR) | $2.00 Million | -35.00% | 0.25x | $6.30K |
| AXIL Brands, Inc. (AXIL) | $504.60K | -34.24% | 1.26x | $17.49 Million |
| Bang & Olufsen a/s (BGOUF) | $1.74 Billion | 16.88% | 0.67x | $201.04 Million |
| Boxlight Corp Class A (BOXL) | $-699.89K | 0.00% | 0.00x | $803.14K |
| Basler Aktiengesellschaft (BSLAF) | $129.36 Million | 16.24% | 0.75x | $138.75 Million |
| Beamz Interactive (BZIC) | $508.51K | -537.01% | 0.55x | $1.00 |
| Capstone Companies Inc (CAPC) | $5.90 Million | -17.14% | 0.10x | $659.69K |