Virco Manufacturing Corporation (VIRC) - Net Assets
Based on the latest financial reports, Virco Manufacturing Corporation (VIRC) has net assets worth $105.93 Million USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($174.18 Million) and total liabilities ($68.25 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. Also explore Virco Manufacturing Corporation total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $105.93 Million |
| % of Total Assets | 60.82% |
| Annual Growth Rate | 3.14% |
| 5-Year Change | 123.27% |
| 10-Year Change | 78.47% |
| Growth Volatility | 22.12 |
Virco Manufacturing Corporation - Net Assets Trend (1986–2026)
This chart illustrates how Virco Manufacturing Corporation's net assets have evolved over time, based on quarterly financial data. Check VIRC intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Virco Manufacturing Corporation (1986–2026)
The table below shows the annual net assets of Virco Manufacturing Corporation from 1986 to 2026. For live valuation and market cap data, see how much is Virco Manufacturing Corporation worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $105.93 Million | -3.05% |
| 2025-01-31 | $109.27 Million | +19.84% |
| 2024-01-31 | $91.18 Million | +33.97% |
| 2023-01-31 | $68.06 Million | +43.45% |
| 2022-01-31 | $47.45 Million | -12.44% |
| 2021-01-31 | $54.19 Million | -1.15% |
| 2020-01-31 | $54.82 Million | -3.87% |
| 2019-01-31 | $57.03 Million | -4.50% |
| 2018-01-31 | $59.71 Million | +0.60% |
| 2017-01-31 | $59.35 Million | +78.17% |
| 2016-01-31 | $33.31 Million | +47.58% |
| 2015-01-31 | $22.57 Million | -18.23% |
| 2014-01-31 | $27.61 Million | +2.17% |
| 2013-01-31 | $27.02 Million | -12.55% |
| 2012-01-31 | $30.90 Million | -38.70% |
| 2011-01-31 | $50.40 Million | -22.38% |
| 2010-01-31 | $64.94 Million | -1.85% |
| 2009-01-31 | $66.16 Million | -8.30% |
| 2008-01-31 | $72.15 Million | +47.61% |
| 2007-01-31 | $48.88 Million | +25.01% |
| 2006-01-31 | $39.10 Million | -20.63% |
| 2005-01-31 | $49.27 Million | -20.99% |
| 2004-01-31 | $62.35 Million | -24.67% |
| 2003-01-31 | $82.77 Million | -8.26% |
| 2002-01-31 | $90.22 Million | -4.16% |
| 2001-01-31 | $94.14 Million | +0.33% |
| 2000-01-31 | $93.83 Million | +5.55% |
| 1999-01-31 | $88.90 Million | +15.01% |
| 1998-01-31 | $77.30 Million | +20.78% |
| 1997-01-31 | $64.00 Million | +15.32% |
| 1996-01-31 | $55.50 Million | +9.90% |
| 1995-01-31 | $50.50 Million | +10.75% |
| 1994-01-31 | $45.60 Million | +8.83% |
| 1993-01-31 | $41.90 Million | +6.89% |
| 1992-01-31 | $39.20 Million | +8.29% |
| 1991-01-31 | $36.20 Million | +6.16% |
| 1990-01-31 | $34.10 Million | 0.00% |
| 1989-01-31 | $34.10 Million | +8.25% |
| 1988-01-31 | $31.50 Million | -8.96% |
| 1987-01-31 | $34.60 Million | +12.70% |
| 1986-01-31 | $30.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Virco Manufacturing Corporation'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 140.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $157.00K | 0.15% |
| Other Comprehensive Income | $-112.00K | -0.11% |
| Other Components | $113.76 Million | 107.39% |
| Total Equity | $105.93 Million | 100.00% |
Virco Manufacturing Corporation Competitors by Market Cap
The table below lists competitors of Virco Manufacturing Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Negri Sembilan Oil Palms Bhd
KLSE:2038
|
$95.18 Million |
|
ALi Corp
TW:3041
|
$95.20 Million |
|
Nonthavej Hospital Public Company Limited
BK:NTV
|
$95.25 Million |
|
Martin Midstream Partners LP
NASDAQ:MMLP
|
$95.29 Million |
|
Kimlun Corporation Bhd
KLSE:5171
|
$95.15 Million |
|
Yuen Chang Stainless Steel Co Ltd
TW:2069
|
$95.14 Million |
|
Midnight Sun Mining Corp
V:MMA
|
$95.13 Million |
|
Asefa Public Company Limited
BK:ASEFA
|
$95.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Virco Manufacturing Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 109,265,000 to 105,931,000, a change of -3,334,000 (-3.1%).
- Net income of 2,568,000 contributed positively to equity growth.
- Dividend payments of 1,576,000 reduced retained earnings.
- Share repurchases of 4,000,000 reduced equity.
- Other comprehensive income decreased equity by 534,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.57 Million | +2.42% |
| Dividends Paid | $1.58 Million | -1.49% |
| Share Repurchases | $4.00 Million | -3.78% |
| Other Comprehensive Income | $-534.00K | -0.5% |
| Other Changes | $208.00K | +0.2% |
| Total Change | $- | -3.05% |
Book Value vs Market Value Analysis
This analysis compares Virco Manufacturing Corporation'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: 0.90x
- 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 2.88x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-01-31 | $2.10 | $6.05 | x |
| 1987-01-31 | $2.59 | $6.05 | x |
| 1988-01-31 | $2.34 | $6.05 | x |
| 1989-01-31 | $2.82 | $6.05 | x |
| 1990-01-31 | $3.62 | $6.05 | x |
| 1991-01-31 | $3.40 | $6.05 | x |
| 1992-01-31 | $3.24 | $6.05 | x |
| 1993-01-31 | $3.24 | $6.05 | x |
| 1994-01-31 | $3.58 | $6.05 | x |
| 1995-01-31 | $3.84 | $6.05 | x |
| 1996-01-31 | $3.85 | $6.05 | x |
| 1997-01-31 | $4.41 | $6.05 | x |
| 1998-01-31 | $5.26 | $6.05 | x |
| 1999-01-31 | $6.06 | $6.05 | x |
| 2000-01-31 | $6.66 | $6.05 | x |
| 2001-01-31 | $6.78 | $6.05 | x |
| 2002-01-31 | $6.60 | $6.05 | x |
| 2003-01-31 | $6.15 | $6.05 | x |
| 2004-01-31 | $4.76 | $6.05 | x |
| 2005-01-31 | $3.76 | $6.05 | x |
| 2006-01-31 | $2.98 | $6.05 | x |
| 2007-01-31 | $3.59 | $6.05 | x |
| 2008-01-31 | $4.96 | $6.05 | x |
| 2009-01-31 | $4.58 | $6.05 | x |
| 2010-01-31 | $4.59 | $6.05 | x |
| 2011-01-31 | $3.57 | $6.05 | x |
| 2012-01-31 | $2.17 | $6.05 | x |
| 2013-01-31 | $1.88 | $6.05 | x |
| 2014-01-31 | $1.89 | $6.05 | x |
| 2015-01-31 | $1.51 | $6.05 | x |
| 2016-01-31 | $2.20 | $6.05 | x |
| 2017-01-31 | $3.89 | $6.05 | x |
| 2018-01-31 | $3.92 | $6.05 | x |
| 2019-01-31 | $3.70 | $6.05 | x |
| 2020-01-31 | $3.49 | $6.05 | x |
| 2021-01-31 | $3.44 | $6.05 | x |
| 2022-01-31 | $2.97 | $6.05 | x |
| 2023-01-31 | $4.20 | $6.05 | x |
| 2024-01-31 | $5.56 | $6.05 | x |
| 2025-01-31 | $6.67 | $6.05 | x |
| 2026-01-31 | $6.72 | $6.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Virco Manufacturing Corporation 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): 2.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.29%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.64x
- Recent ROE (2.42%) is above the historical average (2.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 11.40% | 2.07% | 2.10x | 2.62x | $430.00K |
| 1987 | 12.43% | 2.50% | 1.89x | 2.63x | $840.00K |
| 1988 | -9.52% | -1.64% | 1.85x | 3.15x | $-6.15 Million |
| 1989 | 7.62% | 1.43% | 2.22x | 2.40x | $-810.00K |
| 1990 | -2.05% | -0.38% | 2.07x | 2.58x | $-4.11 Million |
| 1991 | 6.08% | 1.16% | 2.15x | 2.43x | $-1.42 Million |
| 1992 | 8.16% | 1.71% | 2.10x | 2.28x | $-720.00K |
| 1993 | 7.40% | 1.62% | 1.93x | 2.36x | $-1.09 Million |
| 1994 | 8.77% | 1.95% | 2.12x | 2.13x | $-560.00K |
| 1995 | 9.90% | 2.32% | 1.88x | 2.28x | $-50.00K |
| 1996 | 9.37% | 2.32% | 1.88x | 2.15x | $-350.00K |
| 1997 | 14.53% | 3.94% | 2.00x | 1.84x | $2.90 Million |
| 1998 | 17.98% | 5.38% | 2.12x | 1.58x | $6.17 Million |
| 1999 | 19.80% | 6.40% | 1.82x | 1.70x | $8.71 Million |
| 2000 | 10.83% | 3.79% | 1.40x | 2.03x | $782.60K |
| 2001 | 4.27% | 1.40% | 1.44x | 2.12x | $-5.40 Million |
| 2002 | 0.27% | 0.10% | 1.60x | 1.79x | $-8.78 Million |
| 2003 | 0.34% | 0.12% | 1.58x | 1.87x | $-8.00 Million |
| 2004 | -35.22% | -11.45% | 1.52x | 2.03x | $-28.20 Million |
| 2005 | -28.41% | -7.00% | 1.75x | 2.31x | $-18.92 Million |
| 2006 | -24.49% | -4.46% | 1.87x | 2.93x | $-13.48 Million |
| 2007 | 15.44% | 3.38% | 1.92x | 2.38x | $2.66 Million |
| 2008 | 30.80% | 9.68% | 1.81x | 1.76x | $15.00 Million |
| 2009 | 1.83% | 0.57% | 1.80x | 1.78x | $-5.41 Million |
| 2010 | 0.46% | 0.16% | 1.61x | 1.82x | $-6.19 Million |
| 2011 | -34.91% | -9.72% | 1.80x | 2.00x | $-22.63 Million |
| 2012 | -44.68% | -8.29% | 1.77x | 3.05x | $-16.89 Million |
| 2013 | -14.17% | -2.41% | 1.93x | 3.04x | $-6.53 Million |
| 2014 | -6.27% | -1.11% | 1.87x | 3.02x | $-4.49 Million |
| 2015 | 3.76% | 0.52% | 2.01x | 3.62x | $-1.41 Million |
| 2016 | 13.66% | 2.70% | 1.89x | 2.68x | $1.22 Million |
| 2017 | 38.35% | 13.12% | 1.60x | 1.82x | $16.82 Million |
| 2018 | -5.37% | -1.70% | 1.62x | 1.95x | $-9.18 Million |
| 2019 | -2.83% | -0.80% | 1.63x | 2.16x | $-7.32 Million |
| 2020 | 4.35% | 1.23% | 1.39x | 2.54x | $-3.10 Million |
| 2021 | -4.12% | -1.46% | 1.22x | 2.31x | $-7.65 Million |
| 2022 | -31.90% | -8.19% | 1.46x | 2.67x | $-19.88 Million |
| 2023 | 24.31% | 7.16% | 1.54x | 2.21x | $9.74 Million |
| 2024 | 24.03% | 8.14% | 1.84x | 1.61x | $12.79 Million |
| 2025 | 19.81% | 8.13% | 1.39x | 1.76x | $10.72 Million |
| 2026 | 2.42% | 1.29% | 1.15x | 1.64x | $-8.03 Million |
Industry Comparison
This section compares Virco Manufacturing Corporation's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $172,835,912
- Average return on equity (ROE) among peers: -25.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Virco Manufacturing Corporation (VIRC) | $105.93 Million | 11.40% | 0.64x | $95.16 Million |
| American Woodmark Corporation (AMWD) | $175.32 Million | -12.74% | 0.61x | $700.65 Million |
| Aterian Inc (ATER) | $23.38 Million | -269.98% | 5.73x | $4.44 Million |
| Applied UV, Inc. (AUVIQ) | $32.67 Million | -22.62% | 0.18x | $467.00 |
| Bassett Furniture Industries (BSET) | $180.71 Million | 8.76% | 0.54x | $136.89 Million |
| Traeger Inc (COOK) | $606.02 Million | -15.14% | 0.94x | $178.45 Million |
| Crown Crafts Inc (CRWS) | $15.27 Million | 16.29% | 2.79x | $29.53 Million |
| Energy Focu (EFOI) | $14.24 Million | -24.71% | 0.41x | $19.43 Million |
| Ethan Allen Interiors Inc (ETD) | $537.70 Million | 14.02% | 0.36x | $544.30 Million |
| FGI Industries Ltd (FGI) | $3.62 Million | 43.40% | 9.92x | $8.27 Million |
| Flexsteel Industries Inc (FLXS) | $139.44 Million | 9.37% | 0.30x | $227.58 Million |
About Virco Manufacturing Corporation
Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergon… Read more