Real Good Food Company Inc
The Real Good Food Company, Inc., through its subsidiary, operates as a health and wellness focused frozen food company in the United States. The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients. It offers comfort foods, such as bacon wrapped stuffed chicken, chicken enchiladas, grain-free cheesy bread… Read more
Real Good Food Company Inc (RGF) - Net Assets
Latest net assets as of September 2023: $-43.72 Million USD
Based on the latest financial reports, Real Good Food Company Inc (RGF) has net assets worth $-43.72 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($151.71 Million) and total liabilities ($195.43 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 | $-43.72 Million |
| % of Total Assets | -28.82% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Real Good Food Company Inc - Net Assets Trend (2019–2022)
This chart illustrates how Real Good Food Company 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 Real Good Food Company Inc (2019–2022)
The table below shows the annual net assets of Real Good Food Company Inc from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-8.10 Million | -126.15% |
| 2021-12-31 | $30.98 Million | +202.71% |
| 2020-12-31 | $-30.17 Million | -104.55% |
| 2019-12-31 | $-14.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Real Good Food Company 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 grown by 254400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00K | 0.01% |
| Other Components | $56.27 Million | 160.09% |
| Total Equity | $35.15 Million | 100.00% |
Real Good Food Company Inc Competitors by Market Cap
The table below lists competitors of Real Good Food Company Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nusa Palapa Gemilang PT Tbk
JK:NPGF
|
$2.70 Million |
|
Ligand Pharmaceuticals Inc Tr Beta Contingent Value Rt
PINK:LGNZZ
|
$2.70 Million |
|
Compodium International AB
ST:COMPDM
|
$2.70 Million |
|
INNELEC MULT.IMMINHEO153
F:1W2
|
$2.70 Million |
|
Playgon Games Inc
PINK:PLGNF
|
$2.69 Million |
|
Hrvatska Postanska Banka d.d.
ZSE:HPB
|
$2.69 Million |
|
Phase Holographic Imaging PHI AB (publ)
F:L5W
|
$2.69 Million |
|
Grande Asset Hotels and Property Public Company Limited
BK:GRAND
|
$2.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Real Good Food Company Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 39,553,000 to 35,150,000, a change of -4,403,000 (-11.1%).
- Net loss of 10,982,000 reduced equity.
- Other factors increased equity by 6,579,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.98 Million | -31.24% |
| Other Changes | $6.58 Million | +18.72% |
| Total Change | $- | -11.13% |
Book Value vs Market Value Analysis
This analysis compares Real Good Food Company 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: 0.03x
- 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 |
|---|---|---|---|
| 2019-12-31 | $-2.39 | $0.15 | x |
| 2020-12-31 | $-4.89 | $0.15 | x |
| 2021-12-31 | $6.41 | $0.15 | x |
| 2022-12-31 | $5.68 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Real Good Food Company 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): -31.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.76%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 3.74x
- Recent ROE (-31.24%) is below the historical average (-27.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -50.38% | 2.53x | 0.00x | $-18.04 Million |
| 2020 | 0.00% | -39.92% | 2.52x | 0.00x | $-12.55 Million |
| 2021 | -77.33% | -36.37% | 0.82x | 2.58x | $-34.54 Million |
| 2022 | -31.24% | -7.76% | 1.08x | 3.74x | $-14.50 Million |
Industry Comparison
This section compares Real Good Food Company Inc's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Real Good Food Company Inc (RGF) | $-43.72 Million | 0.00% | N/A | $2.69 Million |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |