Ridgetech, Inc.
Ridgetech, Inc. operates as a wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. It operates through three segments: Retail Drugstores, Online Pharmacy, and Drug Wholesale. The company engages in offline and online wholesale distribution of pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, tra… Read more
Ridgetech, Inc. (RDGT) - Net Assets
Latest net assets as of March 2025: $29.64 Million USD
Based on the latest financial reports, Ridgetech, Inc. (RDGT) has net assets worth $29.64 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($64.48 Million) and total liabilities ($34.85 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 | $29.64 Million |
| % of Total Assets | 45.96% |
| Annual Growth Rate | 3.9% |
| 5-Year Change | 21.45% |
| 10-Year Change | 53.43% |
| Growth Volatility | 52.67 |
Ridgetech, Inc. - Net Assets Trend (2010–2025)
This chart illustrates how Ridgetech, 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 Ridgetech, Inc. (2010–2025)
The table below shows the annual net assets of Ridgetech, Inc. from 2010 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $29.64 Million | +107.35% |
| 2024-03-31 | $14.29 Million | -14.24% |
| 2023-03-31 | $16.67 Million | -26.70% |
| 2022-03-31 | $22.74 Million | -6.82% |
| 2021-03-31 | $24.40 Million | +29.95% |
| 2020-03-31 | $18.78 Million | +10.65% |
| 2019-03-31 | $16.97 Million | -10.03% |
| 2018-03-31 | $18.86 Million | -29.26% |
| 2017-03-31 | $26.66 Million | +38.04% |
| 2016-03-31 | $19.32 Million | +12.08% |
| 2015-03-31 | $17.23 Million | +19.98% |
| 2014-03-31 | $14.36 Million | -62.35% |
| 2013-03-31 | $38.15 Million | -27.13% |
| 2012-03-31 | $52.35 Million | +24.46% |
| 2011-03-31 | $42.06 Million | +152.03% |
| 2010-03-31 | $16.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ridgetech, 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 6330904200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.41 Million | 4.74% |
| Other Comprehensive Income | $-199.20K | -0.67% |
| Other Components | $91.74 Million | 309.56% |
| Total Equity | $29.64 Million | 100.00% |
Ridgetech, Inc. Competitors by Market Cap
The table below lists competitors of Ridgetech, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zeo ScientifiX, Inc.
OTCQB:ZEOX
|
$10.59 Million |
|
Saedong Co.Ltd
KQ:053060
|
$10.59 Million |
|
Rapid Dose Therapeutics Corp
PINK:RDTCF
|
$10.60 Million |
|
Ieh Corp
PINK:IEHC
|
$10.60 Million |
|
Aztec Land Comb Cert
PINK:AZLCZ
|
$10.59 Million |
|
Galileo Mining Ltd
AU:GAL
|
$10.59 Million |
|
Pelat Timah Nusantara Tbk
JK:NIKL
|
$10.58 Million |
|
Biovie Inc
NASDAQ:BIVI
|
$10.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ridgetech, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,640,010 to 29,636,382, a change of 13,996,372 (89.5%).
- Net income of 10,194,467 contributed positively to equity growth.
- New share issuances of 7,633,000 increased equity.
- Other comprehensive income decreased equity by 2,514,075.
- Other factors decreased equity by 1,317,020.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.19 Million | +34.4% |
| Share Issuances | $7.63 Million | +25.76% |
| Other Comprehensive Income | $-2.51 Million | -8.48% |
| Other Changes | $-1.32 Million | -4.44% |
| Total Change | $- | 89.49% |
Book Value vs Market Value Analysis
This analysis compares Ridgetech, 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
- Current price-to-book ratio: 0.39x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | $5.55 | $2.06 | x |
| 2008-03-31 | $0.18 | $2.06 | x |
| 2010-03-31 | $443.83 | $2.06 | x |
| 2011-03-31 | $761.64 | $2.06 | x |
| 2012-03-31 | $925.92 | $2.06 | x |
| 2013-03-31 | $674.19 | $2.06 | x |
| 2014-03-31 | $247.67 | $2.06 | x |
| 2015-03-31 | $272.27 | $2.06 | x |
| 2016-03-31 | $287.09 | $2.06 | x |
| 2017-03-31 | $313.76 | $2.06 | x |
| 2018-03-31 | $179.35 | $2.06 | x |
| 2019-03-31 | $150.66 | $2.06 | x |
| 2020-03-31 | $150.53 | $2.06 | x |
| 2021-03-31 | $151.50 | $2.06 | x |
| 2022-03-31 | $138.45 | $2.06 | x |
| 2023-03-31 | $35.33 | $2.06 | x |
| 2024-03-31 | $10.83 | $2.06 | x |
| 2025-03-31 | $5.35 | $2.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ridgetech, 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): 34.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.50%
- • Asset Turnover: 1.86x
- • Equity Multiplier: 2.18x
- Recent ROE (34.40%) is above the historical average (-123.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -12.31% | 0.00% | 0.00x | 1.00x | $-6.77K |
| 2008 | -1790.04% | 0.00% | 0.00x | 1.00x | $-28.91K |
| 2010 | 58.85% | 17.80% | 2.30x | 1.44x | $8.15 Million |
| 2011 | 20.05% | 12.05% | 1.30x | 1.28x | $4.23 Million |
| 2012 | 15.55% | 8.63% | 1.26x | 1.43x | $2.91 Million |
| 2013 | -37.57% | -16.02% | 1.32x | 1.78x | $-18.15 Million |
| 2014 | -177.03% | -38.33% | 1.44x | 3.21x | $-26.79 Million |
| 2015 | 4.98% | 1.11% | 1.29x | 3.46x | $-862.88K |
| 2016 | 2.31% | 0.50% | 1.43x | 3.21x | $-1.48 Million |
| 2017 | -21.17% | -6.93% | 1.21x | 2.52x | $-8.31 Million |
| 2018 | -90.44% | -17.75% | 1.30x | 3.91x | $-18.95 Million |
| 2019 | -5.10% | -0.86% | 1.48x | 4.00x | $-2.74 Million |
| 2020 | -28.23% | -4.95% | 1.18x | 4.83x | $-7.87 Million |
| 2021 | -31.54% | -6.10% | 1.25x | 4.13x | $-10.69 Million |
| 2022 | -13.25% | -1.94% | 1.55x | 4.42x | $-5.60 Million |
| 2023 | -117.34% | -14.20% | 1.64x | 5.05x | $-22.94 Million |
| 2024 | -27.07% | -2.74% | 1.63x | 6.08x | $-5.80 Million |
| 2025 | 34.40% | 8.50% | 1.86x | 2.18x | $7.23 Million |
Industry Comparison
This section compares Ridgetech, Inc.'s net assets metrics with peer companies in the Pharmaceutical Retailers industry.
Industry Context
- Industry: Pharmaceutical Retailers
- Average net assets among peers: $239,198,060
- Average return on equity (ROE) among peers: -6.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ridgetech, Inc. (RDGT) | $29.64 Million | -12.31% | 1.18x | $10.59 Million |
| Alibaba Health Information Technology Limited (ALBBY) | $1.12 Billion | -18.54% | 0.50x | $12.50 Billion |
| Allstar Health Brands Inc (ALST) | $-9.92 Million | 0.00% | 0.00x | $3.74 |
| Bimi International Medical Inc (BIMI) | $-409.66K | 0.00% | 0.00x | $296.83 |
| Blum Holdings Inc (BLMH) | $-4.74 Million | 0.00% | 0.00x | $8.97 Million |
| China Jo-Jo Drugstores Inc (CJJD) | $26.66 Million | -21.17% | 1.52x | $5.94 Million |
| Clicks Group Ltd (CLCGY) | $1.13 Billion | 41.98% | 2.72x | $4.80 Billion |
| China BCT Pharmacy Group Inc (CNBI) | $134.27 Million | 15.68% | 0.82x | $0.98 |
| Dalrada Financial Corp (DFCO) | $4.40 Million | -81.82% | 0.55x | $1.57 Million |
| Health Advance Inc (HADV) | $-105.34K | 0.00% | 0.00x | $25.40K |
| Healthwarehouse.Com (HEWA) | $-3.10 Million | 0.00% | 0.00x | $791.20 |