VOXX International Corporation
VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead… Read more
VOXX International Corporation (VOXX) - Net Assets
Latest net assets as of November 2024: $200.34 Million USD
Based on the latest financial reports, VOXX International Corporation (VOXX) has net assets worth $200.34 Million USD as of November 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($338.83 Million) and total liabilities ($138.49 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 | $200.34 Million |
| % of Total Assets | 59.13% |
| Annual Growth Rate | 6.5% |
| 5-Year Change | -28.09% |
| 10-Year Change | -36.34% |
| Growth Volatility | 29.36 |
VOXX International Corporation - Net Assets Trend (1987–2024)
This chart illustrates how VOXX International Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VOXX International Corporation (1987–2024)
The table below shows the annual net assets of VOXX International Corporation from 1987 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-02-29 | $252.19 Million | -17.27% |
| 2023-02-28 | $304.82 Million | -12.95% |
| 2022-02-28 | $350.16 Million | -7.69% |
| 2021-02-28 | $379.33 Million | +8.16% |
| 2020-02-29 | $350.71 Million | -11.24% |
| 2019-02-28 | $395.10 Million | -12.22% |
| 2018-02-28 | $450.12 Million | +15.03% |
| 2017-02-28 | $391.31 Million | -1.16% |
| 2016-02-29 | $395.89 Million | -0.06% |
| 2015-02-28 | $396.14 Million | -7.79% |
| 2014-02-28 | $429.58 Million | -3.36% |
| 2013-02-28 | $444.54 Million | +5.39% |
| 2012-02-29 | $421.80 Million | +7.34% |
| 2011-02-28 | $392.95 Million | +7.87% |
| 2010-02-28 | $364.26 Million | +6.98% |
| 2009-02-28 | $340.50 Million | -19.60% |
| 2008-02-29 | $423.51 Million | +4.74% |
| 2007-02-28 | $404.36 Million | +0.80% |
| 2006-02-28 | $401.16 Million | -0.85% |
| 2005-02-28 | $404.61 Million | +22.34% |
| 2004-02-29 | $330.72 Million | +5.28% |
| 2003-02-28 | $314.13 Million | -2.99% |
| 2002-02-28 | $323.80 Million | -3.07% |
| 2001-02-28 | $334.06 Million | +51.84% |
| 2000-02-29 | $220.00 Million | +22.22% |
| 1999-02-28 | $180.00 Million | -5.56% |
| 1998-02-28 | $190.60 Million | +40.98% |
| 1997-02-28 | $135.20 Million | +14.97% |
| 1996-02-29 | $117.60 Million | +27.83% |
| 1995-02-28 | $92.00 Million | +39.82% |
| 1994-02-28 | $65.80 Million | +22.99% |
| 1993-02-28 | $53.50 Million | +14.32% |
| 1992-02-29 | $46.80 Million | -24.03% |
| 1991-02-28 | $61.60 Million | -4.94% |
| 1990-02-28 | $64.80 Million | +2.37% |
| 1989-02-28 | $63.30 Million | +1.44% |
| 1988-02-29 | $62.40 Million | +154.69% |
| 1987-02-28 | $24.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VOXX International 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 grown by 242.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $58.27 Million | 19.76% |
| Common Stock | $262.00K | 0.09% |
| Other Comprehensive Income | $-17.37 Million | -5.89% |
| Other Components | $253.70 Million | 86.04% |
| Total Equity | $294.87 Million | 100.00% |
VOXX International Corporation Competitors by Market Cap
The table below lists competitors of VOXX International Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hillevax Inc
NASDAQ:HLVX
|
$83.07 Million |
|
Fairwood Holdings Limited
PINK:FRWDF
|
$83.07 Million |
|
Leifheit Aktiengesellschaft
F:LEI
|
$83.09 Million |
|
Charlton Aria Acquisition Corporation Class A Ordinary Shares
NASDAQ:CHAR
|
$83.10 Million |
|
Artemis Medicare Services Limited
NSE:ARTEMISMED
|
$83.00 Million |
|
Agora S.A.
WAR:AGO
|
$82.95 Million |
|
Adams Resources & Energy Inc
NYSE MKT:AE
|
$82.94 Million |
|
Bank Ochrony Środowiska SA
WAR:BOS
|
$82.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VOXX International Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 341,859,000 to 294,867,000, a change of -46,992,000 (-13.7%).
- Net loss of 40,850,000 reduced equity.
- Share repurchases of 9,178,000 reduced equity.
- Other comprehensive income increased equity by 1,314,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-40.85 Million | -13.85% |
| Share Repurchases | $9.18 Million | -3.11% |
| Other Comprehensive Income | $1.31 Million | +0.45% |
| Other Changes | $1.72 Million | +0.58% |
| Total Change | $- | -13.75% |
Book Value vs Market Value Analysis
This analysis compares VOXX International 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: 0.60x
- 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 2.10x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-02-28 | $3.57 | $7.50 | x |
| 1988-02-29 | $7.87 | $7.50 | x |
| 1989-02-28 | $6.33 | $7.50 | x |
| 1990-02-28 | $6.87 | $7.50 | x |
| 1991-02-28 | $6.73 | $7.50 | x |
| 1992-02-29 | $5.18 | $7.50 | x |
| 1993-02-28 | $5.89 | $7.50 | x |
| 1994-02-28 | $6.69 | $7.50 | x |
| 1995-02-28 | $8.04 | $7.50 | x |
| 1996-02-29 | $12.85 | $7.50 | x |
| 1997-02-28 | $14.37 | $7.50 | x |
| 1998-02-28 | $9.75 | $7.50 | x |
| 1999-02-28 | $9.48 | $7.50 | x |
| 2000-02-29 | $11.06 | $7.50 | x |
| 2001-02-28 | $14.67 | $7.50 | x |
| 2002-02-28 | $14.76 | $7.50 | x |
| 2003-02-28 | $15.21 | $7.50 | x |
| 2004-02-29 | $14.77 | $7.50 | x |
| 2005-02-28 | $18.07 | $7.50 | x |
| 2006-02-28 | $18.01 | $7.50 | x |
| 2007-02-28 | $17.93 | $7.50 | x |
| 2008-02-29 | $18.51 | $7.50 | x |
| 2009-02-28 | $14.89 | $7.50 | x |
| 2010-02-28 | $15.89 | $7.50 | x |
| 2011-02-28 | $17.00 | $7.50 | x |
| 2012-02-29 | $18.13 | $7.50 | x |
| 2013-02-28 | $18.82 | $7.50 | x |
| 2014-02-28 | $17.82 | $7.50 | x |
| 2015-02-28 | $16.28 | $7.50 | x |
| 2016-02-29 | $16.03 | $7.50 | x |
| 2017-02-28 | $16.09 | $7.50 | x |
| 2018-02-28 | $18.57 | $7.50 | x |
| 2019-02-28 | $16.74 | $7.50 | x |
| 2020-02-29 | $15.52 | $7.50 | x |
| 2021-02-28 | $16.66 | $7.50 | x |
| 2022-02-28 | $15.84 | $7.50 | x |
| 2023-02-28 | $14.05 | $7.50 | x |
| 2024-02-29 | $12.59 | $7.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VOXX International 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): -13.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.71%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.51x
- Recent ROE (-13.85%) is below the historical average (0.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 14.29% | 1.72% | 2.23x | 3.72x | $1.05 Million |
| 1988 | 10.42% | 2.35% | 2.08x | 2.13x | $260.00K |
| 1989 | 0.47% | 0.09% | 2.24x | 2.26x | $-6.03 Million |
| 1990 | -2.47% | -0.55% | 2.21x | 2.05x | $-8.07 Million |
| 1991 | -5.20% | -1.04% | 2.16x | 2.32x | $-9.35 Million |
| 1992 | -31.48% | -4.48% | 2.39x | 2.94x | $-19.37 Million |
| 1993 | 14.42% | 2.24% | 2.37x | 2.72x | $2.36 Million |
| 1994 | 18.69% | 3.16% | 2.29x | 2.58x | $5.72 Million |
| 1995 | 28.26% | 5.35% | 2.03x | 2.60x | $16.80 Million |
| 1996 | -7.94% | -1.86% | 1.61x | 2.65x | $-21.02 Million |
| 1997 | -19.76% | -4.43% | 2.23x | 2.00x | $-39.91 Million |
| 1998 | 11.18% | 3.29% | 2.21x | 1.54x | $2.21 Million |
| 1999 | 1.69% | 0.49% | 2.20x | 1.57x | $-14.77 Million |
| 2000 | 12.55% | 2.35% | 2.44x | 2.19x | $5.53 Million |
| 2001 | 8.24% | 1.60% | 3.39x | 1.52x | $-5.82 Million |
| 2002 | -2.55% | -0.65% | 2.38x | 1.66x | $-40.40 Million |
| 2003 | -4.54% | -1.28% | 2.00x | 1.78x | $-44.99 Million |
| 2004 | 3.45% | 0.85% | 2.28x | 1.78x | $-21.33 Million |
| 2005 | 19.10% | 13.61% | 1.04x | 1.34x | $36.78 Million |
| 2006 | -2.39% | -1.78% | 1.11x | 1.21x | $-49.71 Million |
| 2007 | 0.73% | 0.64% | 0.92x | 1.23x | $-37.50 Million |
| 2008 | 2.00% | 1.43% | 1.11x | 1.26x | $-33.89 Million |
| 2009 | -20.86% | -11.78% | 1.31x | 1.35x | $-105.08 Million |
| 2010 | 6.17% | 4.08% | 1.13x | 1.34x | $-13.94 Million |
| 2011 | 5.86% | 4.10% | 1.12x | 1.28x | $-16.26 Million |
| 2012 | 6.08% | 3.63% | 1.11x | 1.50x | $-16.53 Million |
| 2013 | 5.06% | 2.69% | 1.01x | 1.87x | $-21.96 Million |
| 2014 | -6.19% | -3.28% | 1.08x | 1.74x | $-69.56 Million |
| 2015 | -0.24% | -0.12% | 1.12x | 1.71x | $-40.56 Million |
| 2016 | -0.69% | -0.39% | 1.02x | 1.73x | $-41.42 Million |
| 2017 | 1.13% | 0.65% | 1.02x | 1.71x | $-34.58 Million |
| 2018 | 7.74% | 6.96% | 0.88x | 1.26x | $-10.29 Million |
| 2019 | -11.31% | -10.32% | 0.88x | 1.25x | $-86.86 Million |
| 2020 | -11.04% | -10.59% | 0.89x | 1.17x | $-79.69 Million |
| 2021 | 6.52% | 4.75% | 1.02x | 1.34x | $-14.30 Million |
| 2022 | -7.14% | -4.32% | 1.08x | 1.53x | $-65.93 Million |
| 2023 | -9.04% | -5.79% | 1.03x | 1.52x | $-65.10 Million |
| 2024 | -13.85% | -8.71% | 1.06x | 1.51x | $-70.34 Million |
Industry Comparison
This section compares VOXX International Corporation's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $9,241,081,002
- Average return on equity (ROE) among peers: -54.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VOXX International Corporation (VOXX) | $200.34 Million | 14.29% | 0.69x | $83.06 Million |
| Apple Inc (AAPL) | $90.49 Billion | 61.06% | 2.74x | $3.73 Trillion |
| Audio Pixels Holdings Limited (ADPXF) | $-11.10 Million | 0.00% | 0.00x | $67.94 Million |
| Atomos Limited (AMOSF) | $54.24 Million | -19.11% | 1.00x | $66.13K |
| Andrea Electronic Cp (ANDR) | $2.00 Million | -35.00% | 0.25x | $6.30K |
| AXIL Brands, Inc. (AXIL) | $504.60K | -34.24% | 1.26x | $17.49 Million |
| Bang & Olufsen a/s (BGOUF) | $1.74 Billion | 16.88% | 0.67x | $201.04 Million |
| Boxlight Corp Class A (BOXL) | $-699.89K | 0.00% | 0.00x | $803.14K |
| Basler Aktiengesellschaft (BSLAF) | $129.36 Million | 16.24% | 0.75x | $138.75 Million |
| Beamz Interactive (BZIC) | $508.51K | -537.01% | 0.55x | $1.00 |
| Capstone Companies Inc (CAPC) | $5.90 Million | -17.14% | 0.10x | $659.69K |