Steel Connect Inc
Steel Connect, Inc., together with its subsidiaries, provides supply chain services in the United States, Mainland China, the Netherlands, Singapore, the Czech Republic, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, pr… Read more
Steel Connect Inc (STCN) - Net Assets
Latest net assets as of October 2024: $394.31 Million USD
Based on the latest financial reports, Steel Connect Inc (STCN) has net assets worth $394.31 Million USD as of October 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($476.76 Million) and total liabilities ($82.45 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 | $394.31 Million |
| % of Total Assets | 82.71% |
| Annual Growth Rate | 13.45% |
| 5-Year Change | 366.58% |
| 10-Year Change | 171.04% |
| Growth Volatility | 300.68 |
Steel Connect Inc - Net Assets Trend (1994–2024)
This chart illustrates how Steel Connect 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 Steel Connect Inc (1994–2024)
The table below shows the annual net assets of Steel Connect Inc from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | $391.92 Million | +27.93% |
| 2023-07-31 | $306.36 Million | +1079.50% |
| 2022-07-31 | $25.97 Million | -37.25% |
| 2021-07-31 | $41.39 Million | -50.72% |
| 2020-07-31 | $84.00 Million | -4.42% |
| 2019-07-31 | $87.88 Million | -38.47% |
| 2018-07-31 | $142.82 Million | +126.80% |
| 2017-07-31 | $62.97 Million | -26.73% |
| 2016-07-31 | $85.94 Million | -40.57% |
| 2015-07-31 | $144.60 Million | -15.74% |
| 2014-07-31 | $171.62 Million | +9.38% |
| 2013-07-31 | $156.91 Million | -4.98% |
| 2012-07-31 | $165.13 Million | -32.09% |
| 2011-07-31 | $243.18 Million | -23.70% |
| 2010-07-31 | $318.70 Million | -7.74% |
| 2009-07-31 | $345.44 Million | -36.73% |
| 2008-07-31 | $545.97 Million | -1.64% |
| 2007-07-31 | $555.07 Million | +11.48% |
| 2006-07-31 | $497.92 Million | +5.64% |
| 2005-07-31 | $471.32 Million | +60.46% |
| 2004-07-31 | $293.74 Million | +18.69% |
| 2003-07-31 | $247.48 Million | -44.05% |
| 2002-07-31 | $442.34 Million | -59.38% |
| 2001-07-31 | $1.09 Billion | -83.88% |
| 2000-07-31 | $6.76 Billion | +307.35% |
| 1999-07-31 | $1.66 Billion | +1187.50% |
| 1998-07-31 | $128.80 Million | +134.61% |
| 1997-07-31 | $54.90 Million | -32.47% |
| 1996-07-31 | $81.30 Million | +45.96% |
| 1995-07-31 | $55.70 Million | +525.84% |
| 1994-07-31 | $8.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Steel Connect 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 4350.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $93.46 Million | 60.62% |
| Common Stock | $65.00K | 0.04% |
| Other Comprehensive Income | $-1.51 Million | -0.98% |
| Other Components | $62.17 Million | 40.32% |
| Total Equity | $154.18 Million | 100.00% |
Steel Connect Inc Competitors by Market Cap
The table below lists competitors of Steel Connect Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CONX Corp
NASDAQ:CONX
|
$26.71 Million |
|
CPI Aerostructures Inc
NYSE:CVU
|
$26.71 Million |
|
Sailfish Royalty Corp
OTCQX:SROYF
|
$26.72 Million |
|
Moorim Paper
KO:009200
|
$26.73 Million |
|
Chesapeake Gold Corp.
OTCQX:CHPGF
|
$26.69 Million |
|
Dharmaj Crop Guard Limited
NSE:DHARMAJ
|
$26.68 Million |
|
Vranken-Pommery Monopole S.A.
LSE:0J7D
|
$26.68 Million |
|
NTT System SA
WAR:NTT
|
$26.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steel Connect Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 306,363,000 to 154,181,000, a change of -152,182,000 (-49.7%).
- Net income of 85,845,000 contributed positively to equity growth.
- Dividend payments of 2,135,000 reduced retained earnings.
- Other comprehensive income decreased equity by 920,000.
- Other factors decreased equity by 234,972,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $85.84 Million | +55.68% |
| Dividends Paid | $2.13 Million | -1.38% |
| Other Comprehensive Income | $-920.00K | -0.6% |
| Other Changes | $-234.97 Million | -152.4% |
| Total Change | $- | -49.67% |
Book Value vs Market Value Analysis
This analysis compares Steel Connect 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: 2.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.64x to 2.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-07-31 | $4.61 | $12.18 | x |
| 1995-07-31 | $38.09 | $12.18 | x |
| 1996-07-31 | $35.24 | $12.18 | x |
| 1997-07-31 | $18.71 | $12.18 | x |
| 1998-07-31 | $61.04 | $12.18 | x |
| 1999-07-31 | $666.65 | $12.18 | x |
| 2000-07-31 | $2201.33 | $12.18 | x |
| 2001-07-31 | $250.14 | $12.18 | x |
| 2002-07-31 | $102.39 | $12.18 | x |
| 2003-07-31 | $58.59 | $12.18 | x |
| 2004-07-31 | $67.72 | $12.18 | x |
| 2005-07-31 | $90.95 | $12.18 | x |
| 2006-07-31 | $95.59 | $12.18 | x |
| 2007-07-31 | $106.09 | $12.18 | x |
| 2008-07-31 | $106.38 | $12.18 | x |
| 2009-07-31 | $71.06 | $12.18 | x |
| 2010-07-31 | $67.44 | $12.18 | x |
| 2011-07-31 | $52.42 | $12.18 | x |
| 2012-07-31 | $35.38 | $12.18 | x |
| 2013-07-31 | $31.39 | $12.18 | x |
| 2014-07-31 | $31.05 | $12.18 | x |
| 2015-07-31 | $25.98 | $12.18 | x |
| 2016-07-31 | $15.44 | $12.18 | x |
| 2017-07-31 | $10.66 | $12.18 | x |
| 2018-07-31 | $16.28 | $12.18 | x |
| 2019-07-31 | $13.41 | $12.18 | x |
| 2020-07-31 | $12.72 | $12.18 | x |
| 2021-07-31 | $6.22 | $12.18 | x |
| 2022-07-31 | $4.04 | $12.18 | x |
| 2023-07-31 | $49.01 | $12.18 | x |
| 2024-07-31 | $5.39 | $12.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steel Connect 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): 55.68%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 49.31%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 3.15x
- Recent ROE (55.68%) is above the historical average (-36.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 20.22% | 9.28% | 1.53x | 1.43x | $910.00K |
| 1995 | 49.01% | 242.86% | 0.14x | 1.43x | $21.65 Million |
| 1996 | 26.48% | 50.18% | 0.26x | 2.03x | $8.90 Million |
| 1997 | -74.83% | -31.16% | 0.48x | 5.05x | $-24.94 Million |
| 1998 | 14.09% | 18.14% | 0.39x | 2.02x | $4.82 Million |
| 1999 | 32.31% | 271.05% | 0.07x | 1.63x | $328.86 Million |
| 2000 | -22.12% | -151.96% | 0.10x | 1.39x | $-1.98 Billion |
| 2001 | -608.72% | -434.48% | 0.57x | 2.47x | $-5.47 Billion |
| 2002 | -125.98% | -74.17% | 0.81x | 2.09x | $-566.58 Million |
| 2003 | -87.57% | -49.50% | 0.96x | 1.84x | $-241.01 Million |
| 2004 | 29.65% | 21.88% | 0.92x | 1.48x | $57.64 Million |
| 2005 | 5.63% | 2.48% | 1.48x | 1.53x | $-20.60 Million |
| 2006 | 3.00% | 1.30% | 1.51x | 1.53x | $-34.85 Million |
| 2007 | 8.90% | 4.32% | 1.40x | 1.48x | $-6.10 Million |
| 2008 | 1.67% | 0.85% | 1.32x | 1.48x | $-45.47 Million |
| 2009 | -56.00% | -19.18% | 1.82x | 1.61x | $-228.00 Million |
| 2010 | -5.58% | -1.93% | 1.76x | 1.65x | $-49.66 Million |
| 2011 | -20.16% | -5.59% | 2.08x | 1.74x | $-73.33 Million |
| 2012 | -23.08% | -5.15% | 2.06x | 2.17x | $-54.62 Million |
| 2013 | -25.72% | -5.35% | 2.20x | 2.19x | $-56.05 Million |
| 2014 | -9.49% | -2.25% | 1.60x | 2.63x | $-33.44 Million |
| 2015 | -12.74% | -3.28% | 1.26x | 3.09x | $-32.89 Million |
| 2016 | -71.31% | -13.35% | 1.32x | 4.06x | $-69.88 Million |
| 2017 | -41.01% | -5.92% | 1.55x | 4.47x | $-32.12 Million |
| 2018 | 25.71% | 5.69% | 0.78x | 5.79x | $22.43 Million |
| 2019 | -75.98% | -8.14% | 1.12x | 8.32x | $-75.56 Million |
| 2020 | -6.29% | -0.68% | 1.03x | 9.04x | $-13.68 Million |
| 2021 | -107.25% | -7.23% | 0.91x | 16.34x | $-48.53 Million |
| 2022 | -35.64% | -4.55% | 1.48x | 5.30x | $-11.85 Million |
| 2023 | 5.09% | 8.25% | 0.46x | 1.34x | $-15.03 Million |
| 2024 | 55.68% | 49.31% | 0.36x | 3.15x | $70.43 Million |
Industry Comparison
This section compares Steel Connect Inc's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $368,651,163
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steel Connect Inc (STCN) | $394.31 Million | 20.22% | 0.21x | $26.70 Million |
| Andlauer Healthcare Group Inc (ANDHF) | $352.12 Million | 25.55% | 0.83x | $469.38 Million |
| Aqua Power Systems Inc (APSI) | $-106.64K | 0.00% | 0.00x | $383.65K |
| A-Sonic Aerospace Limited (ASNCF) | $38.42 Million | 0.28% | 1.15x | $7.03 Million |
| Addentax Group Corp (ATXG) | $86.00K | 65.43% | 97.87x | $2.89 Million |
| bpost SA/NV (BPOSF) | $682.60 Million | 22.59% | 4.53x | $472.00 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $25.09 Million | -61.17% | 5.78x | $4.28 Million |
| Compañía de Distribución Integral Logista Holdings S.A (CDNIF) | $641.80 Million | 48.03% | 11.59x | $1.70 Billion |
| Cargojet Inc (CGJTF) | $66.60 Million | 3.60% | 5.94x | $791.09 Million |
| CH Robinson Worldwide Inc (CHRW) | $1.88 Billion | 26.94% | 1.74x | $20.09 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $-32.66K | 0.00% | 0.00x | $14.82 Million |