Twin Vee Powercats Co (VEEE) - Net Assets
Based on the latest financial reports, Twin Vee Powercats Co (VEEE) has net assets worth $15.93 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.89 Million) and total liabilities ($2.96 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 asset resilience ratio of Twin Vee Powercats Co to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $15.93 Million |
| % of Total Assets | 84.32% |
| Annual Growth Rate | 177.94% |
| 5-Year Change | 1140.73% |
| 10-Year Change | N/A |
| Growth Volatility | 542.58 |
Twin Vee Powercats Co - Net Assets Trend (2019–2024)
This chart illustrates how Twin Vee Powercats Co's net assets have evolved over time, based on quarterly financial data. Also explore VEEE total assets for the complete picture of this company's asset base.
Annual Net Assets for Twin Vee Powercats Co (2019–2024)
The table below shows the annual net assets of Twin Vee Powercats Co from 2019 to 2024. For live valuation and market cap data, see Twin Vee Powercats Co market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $19.22 Million | -40.04% |
| 2023-12-31 | $32.05 Million | -2.94% |
| 2022-12-31 | $33.02 Million | +97.73% |
| 2021-12-31 | $16.70 Million | +978.21% |
| 2020-12-31 | $1.55 Million | +1239.75% |
| 2019-12-31 | $115.61K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Twin Vee Powercats Co'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 2321533100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.87K | 0.08% |
| Other Components | $44.59 Million | 232.06% |
| Total Equity | $19.22 Million | 100.00% |
Twin Vee Powercats Co Competitors by Market Cap
The table below lists competitors of Twin Vee Powercats Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Multistack International Ltd
AU:MSI
|
$385.77K |
|
ONETECH SOLUTIONS HOLDINGS BERHAD
KLSE:03041
|
$386.39K |
|
Kavango Resources PLC
LSE:KAV
|
$386.92K |
|
GRIT Real Estate Income Group
LSE:GR1T
|
$388.80K |
|
ProPhase Labs Inc
NASDAQ:PRPH
|
$378.96K |
|
Chelverton UK Dividend Trust PLC
LSE:SDV
|
$378.31K |
|
Hennessy Capital Investment Corp. VII Rights
NASDAQ:HVIIR
|
$376.98K |
|
Water Ways Technologies Inc
V:WWT
|
$376.70K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Twin Vee Powercats Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,511,193 to 19,216,849, a change of -4,294,344 (-18.3%).
- Net loss of 11,045,971 reduced equity.
- Other factors increased equity by 6,751,627.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.05 Million | -57.48% |
| Other Changes | $6.75 Million | +35.13% |
| Total Change | $- | -18.27% |
Book Value vs Market Value Analysis
This analysis compares Twin Vee Powercats Co'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: 0.01x
- 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.
- The price-to-book ratio has decreased from 10.92x to 0.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.02 | $0.17 | x |
| 2020-12-31 | $0.21 | $0.17 | x |
| 2021-12-31 | $2.39 | $0.17 | x |
| 2022-12-31 | $3.73 | $0.17 | x |
| 2023-12-31 | $2.47 | $0.17 | x |
| 2024-12-31 | $19.16 | $0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Twin Vee Powercats Co 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): -57.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -76.77%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.35x
- Recent ROE (-57.48%) is below the historical average (-53.20%), 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 | -282.59% | -3.13% | 4.62x | 19.53x | $-338.26K |
| 2020 | 75.61% | 10.58% | 2.46x | 2.91x | $1.02 Million |
| 2021 | -6.05% | -6.41% | 0.77x | 1.23x | $-2.68 Million |
| 2022 | -18.07% | -16.06% | 0.84x | 1.34x | $-7.98 Million |
| 2023 | -30.59% | -21.52% | 0.84x | 1.69x | $-9.54 Million |
| 2024 | -57.48% | -76.77% | 0.56x | 1.35x | $-12.97 Million |
Industry Comparison
This section compares Twin Vee Powercats Co's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $569,528,955
- Average return on equity (ROE) among peers: 13.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Twin Vee Powercats Co (VEEE) | $15.93 Million | -282.59% | 0.19x | $379.00K |
| Brunswick Corporation (BC) | $1.31 Billion | 11.44% | 1.46x | $5.17 Billion |
| BRP Inc. (DOO) | $813.90 Million | 91.34% | 7.32x | $2.03 Billion |
| EZGO Technologies Ltd (EZGO) | $33.54 Million | -19.27% | 0.42x | $27.15 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $2.96 Billion | 25.73% | 0.66x | $2.68 Billion |
| Kandi Technologies Group Inc (KNDI) | $18.43 Million | 26.71% | 2.78x | $60.30 Million |
| LCI Industries (LCII) | $23.70 Million | 7.59% | 1.52x | $2.83 Billion |
| Massimo Group Common Stock (MAMO) | $21.70 Million | 8.12% | 1.53x | $41.64 Million |
| Malibu Boats Inc (MBUU) | $513.57 Million | 21.39% | 0.66x | $478.27 Million |
| MCBC Holdings Inc (MCFT) | $-3.79 Million | 0.00% | 0.00x | $381.72 Million |
About Twin Vee Powercats Co
Twin Vee Powercats Co. designs, manufactures, and markets recreational and commercial power boats. The company offers catamaran boats and dual hull vessels under the Twin Vee brand; and V-hull boats under the AquaSport brand for use in recreational activities, including fishing, diving and water skiing, as well as commercial activities, such as transportation, eco tours, fishing, and diving exped… Read more