Ridgetech, Inc. (RDGT) - Net Assets
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. Check Ridgetech, Inc. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Ridgetech, Inc. assets under control for the complete picture of this company's asset base.
Annual Net Assets for Ridgetech, Inc. (2010–2025)
The table below shows the annual net assets of Ridgetech, Inc. from 2010 to 2025. For live valuation and market cap data, see how much is Ridgetech, Inc. worth.
| 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 |
|---|---|
|
The Steel Public Company Limited
BK:THE
|
$25.42 Million |
|
GEE Group Inc
NYSE MKT:JOB
|
$25.42 Million |
|
Ecolomondo Corp
V:ECM
|
$25.43 Million |
|
Alisa Pankki Oyj
HE:ALISA
|
$25.43 Million |
|
Lodzia
TA:LODZ
|
$25.41 Million |
|
Lung Ming Green Energy Technology Engineering Co Ltd
TW:3018
|
$25.41 Million |
|
ENPlus Co Ltd
KO:074610
|
$25.41 Million |
|
Cogra 48 Société Anonyme
PA:ALCOG
|
$25.41 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: 0.26x
- 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 | $1.39 | x |
| 2008-03-31 | $0.18 | $1.39 | x |
| 2010-03-31 | $443.83 | $1.39 | x |
| 2011-03-31 | $761.64 | $1.39 | x |
| 2012-03-31 | $925.92 | $1.39 | x |
| 2013-03-31 | $674.19 | $1.39 | x |
| 2014-03-31 | $247.67 | $1.39 | x |
| 2015-03-31 | $272.27 | $1.39 | x |
| 2016-03-31 | $287.09 | $1.39 | x |
| 2017-03-31 | $313.76 | $1.39 | x |
| 2018-03-31 | $179.35 | $1.39 | x |
| 2019-03-31 | $150.66 | $1.39 | x |
| 2020-03-31 | $150.53 | $1.39 | x |
| 2021-03-31 | $151.50 | $1.39 | x |
| 2022-03-31 | $138.45 | $1.39 | x |
| 2023-03-31 | $35.33 | $1.39 | x |
| 2024-03-31 | $10.83 | $1.39 | x |
| 2025-03-31 | $5.35 | $1.39 | 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: $209,668,902
- Average return on equity (ROE) among peers: -13.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ridgetech, Inc. (RDGT) | $29.64 Million | -12.31% | 1.18x | $25.42 Million |
| Bimi International Medical Inc (BIMI) | $9.99 Million | -168.11% | 1.31x | $1.40K |
| High Tide Inc (HITI) | $-9.66 Million | 0.00% | 0.00x | $213.45 Million |
| Hong Kong Pharma Digital Technology Holdings Limited Ordinary shares (HKPD) | $4.25 Million | 31.26% | 1.04x | $7.54 Million |
| PetMed Express Inc (PETS) | $85.13 Million | -7.37% | 0.75x | $49.22 Million |
| Scienture Holdings, Inc. (SCNX) | $4.14 Million | -6.87% | 0.35x | $13.86 Million |
| SunLink Health Systems Inc (SSY) | $9.90 Million | 26.26% | 3.65x | $7.85 Million |
| Walgreens Boots Alliance Inc (WBA) | $1.57 Billion | 17.91% | 0.85x | $10.37 Billion |
| Wellgistics Health, Inc. Common Stock (WGRX) | $-5.25K | 0.00% | 0.00x | $11.07 Million |
About 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