Where Food Comes From Inc
Where Food Comes From, Inc., together with its subsidiaries, operates as a third-party food verification company in the United States. It operates through Verification and Certification, and Professional Services segments. The company conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accura… Read more
Where Food Comes From Inc (WFCF) - Net Assets
Latest net assets as of September 2025: $10.30 Million USD
Based on the latest financial reports, Where Food Comes From Inc (WFCF) has net assets worth $10.30 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 ($16.85 Million) and total liabilities ($6.55 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 | $10.30 Million |
| % of Total Assets | 61.11% |
| Annual Growth Rate | 0.51% |
| 5-Year Change | -20.31% |
| 10-Year Change | 47.5% |
| Growth Volatility | 188.98 |
Where Food Comes From Inc - Net Assets Trend (1998–2024)
This chart illustrates how Where Food Comes From 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 Where Food Comes From Inc (1998–2024)
The table below shows the annual net assets of Where Food Comes From Inc from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $9.93 Million | -8.19% |
| 2023-12-31 | $10.82 Million | -13.29% |
| 2022-12-31 | $12.48 Million | -9.25% |
| 2021-12-31 | $13.75 Million | +10.31% |
| 2020-12-31 | $12.46 Million | +4.31% |
| 2019-12-31 | $11.95 Million | +10.99% |
| 2018-12-31 | $10.77 Million | +11.32% |
| 2017-12-31 | $9.67 Million | +2.58% |
| 2016-12-31 | $9.43 Million | +39.99% |
| 2015-12-31 | $6.73 Million | +8.44% |
| 2014-12-31 | $6.21 Million | +52.66% |
| 2013-12-31 | $4.07 Million | +58.32% |
| 2012-12-31 | $2.57 Million | +120.79% |
| 2011-12-31 | $1.16 Million | +230.01% |
| 2010-12-31 | $352.65K | +832.75% |
| 2009-12-31 | $37.81K | -77.40% |
| 2008-12-31 | $167.27K | +271.29% |
| 2007-12-31 | $-97.65K | -136.09% |
| 2006-12-31 | $270.58K | -78.19% |
| 2005-12-31 | $1.24 Million | +3968.57% |
| 2004-12-31 | $-32.07K | -100.10% |
| 2002-12-31 | $31.40 Million | -8.75% |
| 2001-12-31 | $34.41 Million | +3.92% |
| 2000-12-31 | $33.11 Million | +0.65% |
| 1999-12-31 | $32.90 Million | +278.16% |
| 1998-12-31 | $8.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Where Food Comes From 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 grown by 328.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $12.01 Million | 120.88% |
| Common Stock | $7.00K | 0.07% |
| Total Equity | $9.93 Million | 100.00% |
Where Food Comes From Inc Competitors by Market Cap
The table below lists competitors of Where Food Comes From Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lefroy Exploration Ltd
AU:LEX
|
$20.84 Million |
|
Globus Maritime Ltd
NASDAQ:GLBS
|
$20.84 Million |
|
Farmer Bros. Co
NASDAQ:FARM
|
$20.84 Million |
|
Simtel Team S.A.
RO:SMTL
|
$20.85 Million |
|
Integrated Solutions Technology, Inc.
TWO:6927
|
$20.83 Million |
|
Daewoo Elec Co
KO:009320
|
$20.82 Million |
|
MaxsMaking Inc. Class A Ordinary Shares
NASDAQ:MAMK
|
$20.82 Million |
|
Finebesteel
KO:133820
|
$20.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Where Food Comes From Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,819,000 to 9,933,000, a change of -886,000 (-8.2%).
- Net income of 2,120,000 contributed positively to equity growth.
- Share repurchases of 3,270,000 reduced equity.
- Other factors increased equity by 264,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.12 Million | +21.34% |
| Share Repurchases | $3.27 Million | -32.92% |
| Other Changes | $264.00K | +2.66% |
| Total Change | $- | -8.19% |
Book Value vs Market Value Analysis
This analysis compares Where Food Comes From 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: 6.24x
- 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 increased from 3.43x to 6.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $3.39 | $11.62 | x |
| 1999-12-31 | $10.30 | $11.62 | x |
| 2000-12-31 | $10.35 | $11.62 | x |
| 2001-12-31 | $10.76 | $11.62 | x |
| 2002-12-31 | $10.23 | $11.62 | x |
| 2004-12-31 | $-0.01 | $11.62 | x |
| 2005-12-31 | $0.21 | $11.62 | x |
| 2006-12-31 | $0.06 | $11.62 | x |
| 2007-12-31 | $-0.02 | $11.62 | x |
| 2008-12-31 | $0.03 | $11.62 | x |
| 2009-12-31 | $0.01 | $11.62 | x |
| 2010-12-31 | $0.07 | $11.62 | x |
| 2011-12-31 | $0.22 | $11.62 | x |
| 2012-12-31 | $0.42 | $11.62 | x |
| 2013-12-31 | $0.69 | $11.62 | x |
| 2014-12-31 | $1.06 | $11.62 | x |
| 2015-12-31 | $1.12 | $11.62 | x |
| 2016-12-31 | $1.57 | $11.62 | x |
| 2017-12-31 | $1.56 | $11.62 | x |
| 2018-12-31 | $1.72 | $11.62 | x |
| 2019-12-31 | $1.91 | $11.62 | x |
| 2020-12-31 | $2.00 | $11.62 | x |
| 2021-12-31 | $2.22 | $11.62 | x |
| 2022-12-31 | $2.07 | $11.62 | x |
| 2023-12-31 | $1.95 | $11.62 | x |
| 2024-12-31 | $1.86 | $11.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Where Food Comes From 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): 21.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.23%
- • Asset Turnover: 1.68x
- • Equity Multiplier: 1.54x
- Recent ROE (21.34%) is above the historical average (-22.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 44.83% | 6.11% | 1.60x | 4.59x | $3.03 Million |
| 1999 | 9.73% | 4.49% | 1.81x | 1.20x | $-90.00K |
| 2000 | -1.54% | -0.81% | 1.55x | 1.23x | $-3.82 Million |
| 2001 | 7.13% | 4.30% | 1.39x | 1.19x | $-987.26K |
| 2002 | -9.63% | -9.37% | 0.92x | 1.11x | $-6.16 Million |
| 2004 | 0.00% | 8.97% | 2.84x | 0.00x | $43.71K |
| 2005 | -82.87% | -107.32% | 0.50x | 1.55x | $-1.15 Million |
| 2006 | -576.18% | -101.24% | 1.54x | 3.71x | $-1.59 Million |
| 2007 | 0.00% | -32.91% | 2.49x | 0.00x | $-749.79K |
| 2008 | 89.47% | 6.23% | 3.25x | 4.42x | $132.93K |
| 2009 | -405.18% | -5.76% | 4.30x | 16.38x | $-156.97K |
| 2010 | 92.94% | 10.01% | 3.64x | 2.55x | $292.49K |
| 2011 | 74.28% | 20.42% | 2.34x | 1.55x | $748.07K |
| 2012 | 38.15% | 16.54% | 1.56x | 1.47x | $642.20K |
| 2013 | -0.89% | -0.61% | 0.95x | 1.54x | $-410.32K |
| 2014 | 3.69% | 2.61% | 1.10x | 1.28x | $-391.92K |
| 2015 | 7.93% | 5.14% | 1.23x | 1.26x | $-139.53K |
| 2016 | 4.59% | 3.73% | 0.90x | 1.37x | $-509.60K |
| 2017 | 1.47% | 0.92% | 1.16x | 1.38x | $-824.77K |
| 2018 | 7.44% | 4.50% | 1.23x | 1.34x | $-275.84K |
| 2019 | 11.26% | 6.47% | 1.14x | 1.53x | $150.09K |
| 2020 | 11.11% | 6.90% | 1.03x | 1.56x | $138.60K |
| 2021 | 21.54% | 13.50% | 1.11x | 1.44x | $1.59 Million |
| 2022 | 15.98% | 8.03% | 1.36x | 1.47x | $746.30K |
| 2023 | 19.89% | 8.56% | 1.54x | 1.51x | $1.07 Million |
| 2024 | 21.34% | 8.23% | 1.68x | 1.54x | $1.13 Million |
Industry Comparison
This section compares Where Food Comes From Inc's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $772,489,888
- Average return on equity (ROE) among peers: -12.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Where Food Comes From Inc (WFCF) | $10.30 Million | 44.83% | 0.64x | $20.83 Million |
| All American Pet Co (AAPT) | $-1.12 Million | 0.00% | 0.00x | $0.97 |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.27 Billion |
| ADM Endeavors Inc (ADMQ) | $284.02K | -124.30% | 3.55x | $3.87 Million |
| Amentum Holdings Inc. (AMTM) | $4.55 Billion | -1.80% | 1.63x | $4.20 Billion |
| Anacomp Inc (ANMP) | $101.14 Million | -0.68% | 0.63x | $976.94K |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $5.65 Million | 2.35% | 0.50x | $30.94 Million |
| Applus Services S.A (APLUF) | $642.95 Million | 7.56% | 2.78x | $16.82 Million |
| ARC Document Solutions Inc (ARC) | $-35.01 Million | 0.00% | 0.00x | $110.98 Million |
| Aramark Holdings (ARMK) | $2.75 Billion | -16.80% | 4.72x | $10.51 Billion |
| Atento S.A. (ATTOF) | $-348.87 Million | 0.00% | 0.00x | $945.48 |