TROOPS Inc
TROOPS, Inc., along with its subsidiaries, operates in the money lending business in Hong Kong, the Peoples Republic of China, and Australia. The company offers mortgage, personal, and corporate loans. It also develops, operates, and manages an online financial marketplace that offers one-stop financial technology solutions, including API services by leveraging artificial intelligence, big data a… Read more
TROOPS Inc (TROO) - Net Assets
Latest net assets as of June 2025: $79.92 Million USD
Based on the latest financial reports, TROOPS Inc (TROO) has net assets worth $79.92 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($88.39 Million) and total liabilities ($8.46 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 | $79.92 Million |
| % of Total Assets | 90.42% |
| Annual Growth Rate | 79.52% |
| 5-Year Change | -3.37% |
| 10-Year Change | -12.32% |
| Growth Volatility | 166345.08 |
TROOPS Inc - Net Assets Trend (2007–2024)
This chart illustrates how TROOPS 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 TROOPS Inc (2007–2024)
The table below shows the annual net assets of TROOPS Inc from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $68.25 Million | +12.66% |
| 2023-12-31 | $60.58 Million | -2.61% |
| 2022-12-31 | $62.20 Million | -0.51% |
| 2021-12-31 | $62.52 Million | -11.47% |
| 2020-12-31 | $70.63 Million | -41.45% |
| 2019-12-31 | $120.63 Million | -28.27% |
| 2018-12-31 | $168.17 Million | +100.65% |
| 2017-12-31 | $83.81 Million | -3.30% |
| 2016-12-31 | $86.68 Million | +11.36% |
| 2015-12-31 | $77.84 Million | -8.64% |
| 2014-12-31 | $85.20 Million | -2.95% |
| 2013-12-31 | $87.79 Million | +12.10% |
| 2012-12-31 | $78.31 Million | +5.99% |
| 2011-12-31 | $73.89 Million | +21.87% |
| 2010-12-31 | $60.63 Million | +163.78% |
| 2009-12-31 | $22.98 Million | -0.38% |
| 2008-12-31 | $23.07 Million | +706980.88% |
| 2007-12-31 | $3.26K | -- |
Equity Component Analysis
This analysis shows how different components contribute to TROOPS 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 8898926300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $450.00K | 0.66% |
| Other Comprehensive Income | $-5.00K | -0.01% |
| Other Components | $156.81 Million | 229.77% |
| Total Equity | $68.25 Million | 100.00% |
TROOPS Inc Competitors by Market Cap
The table below lists competitors of TROOPS Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M-tron Industries, Inc.
NYSE MKT:MPTI
|
$170.03 Million |
|
Real Asset Acquisition Corp.
NASDAQ:RAAQ
|
$170.08 Million |
|
Hostelworld Group plc
PINK:HSWLF
|
$170.09 Million |
|
Wuhu Sanlian Forging Co Ltd
SHE:001282
|
$170.19 Million |
|
MH Robot & Automation Co. Ltd.
SHE:301199
|
$169.96 Million |
|
Gravity Co Ltd
NASDAQ:GRVY
|
$169.94 Million |
|
Corby Spirit and Wine Limited
PINK:CBYDF
|
$169.86 Million |
|
DV8 Public Company Limited
BK:DV8
|
$169.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TROOPS Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 60,579,000 to 68,249,000, a change of 7,670,000 (12.7%).
- Net loss of 13,413,000 reduced equity.
- Other comprehensive income decreased equity by 8,000.
- Other factors increased equity by 21,091,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.41 Million | -19.65% |
| Other Comprehensive Income | $-8.00K | -0.01% |
| Other Changes | $21.09 Million | +30.9% |
| Total Change | $- | 12.66% |
Book Value vs Market Value Analysis
This analysis compares TROOPS 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: 4.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 237.89x to 4.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $0.01 | $2.70 | x |
| 2008-12-31 | $17.70 | $2.70 | x |
| 2009-12-31 | $22.83 | $2.70 | x |
| 2010-12-31 | $22.65 | $2.70 | x |
| 2011-12-31 | $18.15 | $2.70 | x |
| 2012-12-31 | $18.36 | $2.70 | x |
| 2013-12-31 | $20.42 | $2.70 | x |
| 2014-12-31 | $19.58 | $2.70 | x |
| 2015-12-31 | $17.69 | $2.70 | x |
| 2016-12-31 | $11.68 | $2.70 | x |
| 2017-12-31 | $7.39 | $2.70 | x |
| 2018-12-31 | $3.94 | $2.70 | x |
| 2019-12-31 | $1.52 | $2.70 | x |
| 2020-12-31 | $0.72 | $2.70 | x |
| 2021-12-31 | $0.62 | $2.70 | x |
| 2022-12-31 | $0.61 | $2.70 | x |
| 2023-12-31 | $0.60 | $2.70 | x |
| 2024-12-31 | $0.67 | $2.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TROOPS 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): -19.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -133.16%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.16x
- Recent ROE (-19.65%) is above the historical average (-43.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -666.17% | 0.00% | 0.00x | 87.32x | $-22.06K |
| 2008 | 1.03% | 0.00% | 0.00x | 1.47x | $-2.07 Million |
| 2009 | 1.03% | 0.00% | 0.00x | 1.48x | $-2.06 Million |
| 2010 | 32.88% | 9.17% | 1.42x | 2.52x | $13.87 Million |
| 2011 | 22.49% | 5.31% | 3.68x | 1.15x | $9.23 Million |
| 2012 | 5.38% | 2.53% | 1.58x | 1.35x | $-3.62 Million |
| 2013 | 9.62% | 4.20% | 1.92x | 1.19x | $-334.90K |
| 2014 | -2.69% | -5.29% | 0.47x | 1.09x | $-10.81 Million |
| 2015 | -3.11% | -125.87% | 0.02x | 1.12x | $-10.20 Million |
| 2016 | -5.82% | -99.57% | 0.05x | 1.16x | $-13.71 Million |
| 2017 | -13.38% | -21988.24% | 0.00x | 1.17x | $-19.60 Million |
| 2018 | -8.96% | -783.04% | 0.01x | 1.38x | $-26.18 Million |
| 2019 | -30.77% | -670.62% | 0.04x | 1.17x | $-49.09 Million |
| 2020 | -96.17% | -1582.18% | 0.05x | 1.28x | $-74.99 Million |
| 2021 | -13.46% | -228.43% | 0.05x | 1.13x | $-14.67 Million |
| 2022 | -0.56% | -8.93% | 0.06x | 1.12x | $-6.57 Million |
| 2023 | -2.84% | -48.16% | 0.05x | 1.16x | $-7.78 Million |
| 2024 | -19.65% | -133.16% | 0.13x | 1.16x | $-20.24 Million |
Industry Comparison
This section compares TROOPS Inc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $42,167,772,618
- Average return on equity (ROE) among peers: 3.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TROOPS Inc (TROO) | $79.92 Million | -666.17% | 0.11x | $169.98 Million |
| Accord Financial Corp (ACCFF) | $103.96 Million | 11.43% | 4.00x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $306.73 Billion | 3.47% | 2.77x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $13.28 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $47.20 Million | 1.69% | 11.77x | $1.51 Billion |
| Aiful Corp (AIFLF) | $97.47 Billion | -37.44% | 4.75x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $40.53 Million | 17.61% | 0.35x | $2.83 Million |
| Ally Financial Inc (ALLY) | $13.49 Billion | 6.88% | 11.39x | $10.34 Billion |
| Alpha Investment Inc (ALPC) | $-38.66K | 0.00% | 0.00x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $14.83 Million |