Vroom Inc (VRM) - Net Assets
Based on the latest financial reports, Vroom Inc (VRM) has net assets worth $4.68 Million USD as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.12 Billion) and total liabilities ($1.12 Billion). 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 tangible equity quality of Vroom Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.68 Million |
| % of Total Assets | 0.42% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 19.97 |
Vroom Inc - Net Assets Trend (2018–2023)
This chart illustrates how Vroom Inc's net assets have evolved over time, based on quarterly financial data. See Vroom Inc (VRM) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Vroom Inc (2018–2023)
The table below shows the annual net assets of Vroom Inc from 2018 to 2023. For live valuation and market cap data, see VRM market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $122.15 Million | -74.30% |
| 2022-12-31 | $475.24 Million | -48.07% |
| 2021-12-31 | $915.19 Million | -25.42% |
| 2020-12-31 | $1.23 Billion | +313.84% |
| 2019-12-31 | $-573.85 Million | -93.30% |
| 2018-12-31 | $-296.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vroom 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 166936200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.00% |
| Other Components | $2.09 Billion | 1709.67% |
| Total Equity | $122.15 Million | 100.00% |
Vroom Inc Competitors by Market Cap
The table below lists competitors of Vroom Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Presurance Holdings, Inc.
NASDAQ:PRHI
|
$9.13 Million |
|
Giga Metals Corp
V:GIGA
|
$9.13 Million |
|
INNEOVA Holdings Limited
NASDAQ:INEO
|
$9.13 Million |
|
Royal Hali Iplik Tekstil Mobilya Sanayi ve Ticaret AS
IS:ROYAL
|
$9.14 Million |
|
Gix Internet Ltd
TA:GIX
|
$9.13 Million |
|
Peppermint Innovation Ltd
AU:PIL
|
$9.12 Million |
|
R. S. Software (India) Limited
NSE:RSSOFTWARE
|
$9.12 Million |
|
Co-Diagnostics, Inc. Common Stock
NASDAQ:CODX
|
$9.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vroom Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 475,241,000 to 122,151,000, a change of -353,090,000 (-74.3%).
- Net loss of 365,540,000 reduced equity.
- New share issuances of 2,399,000 increased equity.
- Other factors increased equity by 10,051,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-365.54 Million | -299.25% |
| Share Issuances | $2.40 Million | +1.96% |
| Other Changes | $10.05 Million | +8.23% |
| Total Change | $- | -74.30% |
Book Value vs Market Value Analysis
This analysis compares Vroom 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: 0.14x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $-2780.69 | $9.92 | x |
| 2019-12-31 | $-5334.44 | $9.92 | x |
| 2020-12-31 | $1338.43 | $9.92 | x |
| 2021-12-31 | $536.65 | $9.92 | x |
| 2022-12-31 | $275.69 | $9.92 | x |
| 2023-12-31 | $70.08 | $9.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vroom 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): -299.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.92%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 12.08x
- Recent ROE (-299.25%) is below the historical average (-75.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -9.96% | 2.18x | 0.00x | $-55.49 Million |
| 2019 | 0.00% | -12.00% | 2.12x | 0.00x | $-85.59 Million |
| 2020 | -16.53% | -14.94% | 0.79x | 1.40x | $-325.51 Million |
| 2021 | -40.53% | -11.65% | 1.35x | 2.59x | $-462.43 Million |
| 2022 | -95.09% | -23.19% | 1.20x | 3.41x | $-499.43 Million |
| 2023 | -299.25% | -40.92% | 0.61x | 12.08x | $-377.76 Million |
Industry Comparison
This section compares Vroom Inc's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $252,633,200
- Average return on equity (ROE) among peers: 0.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vroom Inc (VRM) | $4.68 Million | 0.00% | 238.96x | $9.13 Million |
| Asbury Automotive Group Inc (ABG) | $279.70 Million | 59.78% | 7.35x | $3.48 Billion |
| ACV Auctions Inc. (ACVA) | $556.10 Million | -14.06% | 0.77x | $1.29 Billion |
| ACV Auctions Inc. (ACVA) | $-139.69 Million | 0.00% | 0.00x | $1.00 Billion |
| AutoNation Inc (AN) | $92.40 Million | 2.27% | 0.61x | $6.37 Billion |
| Autozi Internet Technology (Global) Ltd. Class A Ordinary Shares (AZI) | $-35.18 Million | 0.00% | 0.00x | $4.80 Million |
| Boyd Group Services Inc. (BGSI) | $746.60 Million | 5.49% | 1.82x | $2.83 Billion |
| CarGurus (CARG) | $616.85 Million | 5.04% | 0.49x | $2.07 Billion |
| Americas Car-Mart Inc (CRMT) | $302.76 Million | 16.96% | 1.20x | $61.19 Million |
| Carvana Co (CVNA) | $135.01 Million | -68.97% | 1.49x | $7.44 Billion |
| Camping World Holdings Inc (CWH) | $-28.21 Million | 0.00% | 0.00x | $447.28 Million |
About Vroom Inc
Vroom, Inc. operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail. The company was formerly known as Auto America… Read more