AMCON Distributing Company (DIT) - Net Assets
Based on the latest financial reports, AMCON Distributing Company (DIT) has net assets worth $112.37 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($394.47 Million) and total liabilities ($282.10 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 tangible net worth ratio of AMCON Distributing Company to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $112.37 Million |
| % of Total Assets | 28.49% |
| Annual Growth Rate | 10.35% |
| 5-Year Change | 45.69% |
| 10-Year Change | 71.97% |
| Growth Volatility | 44.24 |
AMCON Distributing Company - Net Assets Trend (1996–2025)
This chart illustrates how AMCON Distributing Company's net assets have evolved over time, based on quarterly financial data. See DIT cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for AMCON Distributing Company (1996–2025)
The table below shows the annual net assets of AMCON Distributing Company from 1996 to 2025. For live valuation and market cap data, see AMCON Distributing Company stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $113.07 Million | +1.20% |
| 2024-09-30 | $111.73 Million | +7.26% |
| 2023-09-30 | $104.17 Million | +12.22% |
| 2022-09-30 | $92.83 Million | +19.61% |
| 2021-09-30 | $77.61 Million | +19.79% |
| 2020-09-30 | $64.79 Million | +6.64% |
| 2019-09-30 | $60.76 Million | -5.95% |
| 2018-09-30 | $64.60 Million | -5.23% |
| 2017-09-30 | $68.17 Million | +3.68% |
| 2016-09-30 | $65.75 Million | +2.32% |
| 2015-09-30 | $64.26 Million | +10.15% |
| 2014-09-30 | $58.34 Million | +4.86% |
| 2013-09-30 | $55.64 Million | +14.82% |
| 2012-09-30 | $48.46 Million | +16.18% |
| 2011-09-30 | $41.71 Million | +27.26% |
| 2010-09-30 | $32.77 Million | +37.92% |
| 2009-09-30 | $23.76 Million | +116.72% |
| 2008-09-30 | $10.97 Million | +97.80% |
| 2007-09-30 | $5.54 Million | +417.30% |
| 2006-09-30 | $-1.75 Million | -142.95% |
| 2005-09-30 | $4.07 Million | -73.42% |
| 2004-09-30 | $15.30 Million | -11.55% |
| 2003-09-30 | $17.30 Million | +3.61% |
| 2002-09-30 | $16.70 Million | +24.97% |
| 2001-09-30 | $13.36 Million | -20.72% |
| 2000-09-30 | $16.85 Million | +26.73% |
| 1999-09-30 | $13.30 Million | +38.54% |
| 1998-09-30 | $9.60 Million | +33.33% |
| 1997-09-30 | $7.20 Million | +10.77% |
| 1996-09-30 | $6.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AMCON Distributing Company'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 3774.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $108.48 Million | 95.94% |
| Common Stock | $9.80K | 0.01% |
| Other Components | $4.59 Million | 4.06% |
| Total Equity | $113.07 Million | 100.00% |
AMCON Distributing Company Competitors by Market Cap
The table below lists competitors of AMCON Distributing Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brightek Optoelectronic Co Ltd
TW:5244
|
$81.27 Million |
|
Canterbury Park Holding Corporation
NASDAQ:CPHC
|
$81.27 Million |
|
Jiangsu Huasheng Tianlong Photo
SHE:300029
|
$81.27 Million |
|
Hainan Airlines Co Ltd B
SHG:900945
|
$81.28 Million |
|
Omer-Decugis & Cie
PA:ALODC
|
$81.21 Million |
|
MAG Holdings Berhad
KLSE:0095
|
$81.20 Million |
|
Blue Cap AG
XETRA:B7E
|
$81.20 Million |
|
VLS Finance Limited
NSE:VLSFINANCE
|
$81.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AMCON Distributing Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 111,729,785 to 113,071,414, a change of 1,341,629 (1.2%).
- Net income of 568,739 contributed positively to equity growth.
- Dividend payments of 645,462 reduced retained earnings.
- Share repurchases of 1,133,095 reduced equity.
- Other factors increased equity by 2,551,447.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $568.74K | +0.5% |
| Dividends Paid | $645.46K | -0.57% |
| Share Repurchases | $1.13 Million | -1.0% |
| Other Changes | $2.55 Million | +2.26% |
| Total Change | $- | 1.20% |
Book Value vs Market Value Analysis
This analysis compares AMCON Distributing Company'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: 0.45x
- 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 5.75x to 0.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-09-30 | $14.49 | $83.26 | x |
| 1997-09-30 | $16.01 | $83.26 | x |
| 1998-09-30 | $20.40 | $83.26 | x |
| 1999-09-30 | $27.94 | $83.26 | x |
| 2000-09-30 | $35.44 | $83.26 | x |
| 2001-09-30 | $29.28 | $83.26 | x |
| 2002-09-30 | $32.23 | $83.26 | x |
| 2003-09-30 | $32.22 | $83.26 | x |
| 2004-09-30 | $27.03 | $83.26 | x |
| 2005-09-30 | $7.72 | $83.26 | x |
| 2006-09-30 | $-2.46 | $83.26 | x |
| 2007-09-30 | $6.45 | $83.26 | x |
| 2008-09-30 | $12.88 | $83.26 | x |
| 2009-09-30 | $30.42 | $83.26 | x |
| 2010-09-30 | $43.82 | $83.26 | x |
| 2011-09-30 | $53.99 | $83.26 | x |
| 2012-09-30 | $61.80 | $83.26 | x |
| 2013-09-30 | $74.01 | $83.26 | x |
| 2014-09-30 | $79.35 | $83.26 | x |
| 2015-09-30 | $86.81 | $83.26 | x |
| 2016-09-30 | $92.10 | $83.26 | x |
| 2017-09-30 | $98.48 | $83.26 | x |
| 2018-09-30 | $96.07 | $83.26 | x |
| 2019-09-30 | $99.63 | $83.26 | x |
| 2020-09-30 | $114.08 | $83.26 | x |
| 2021-09-30 | $136.62 | $83.26 | x |
| 2022-09-30 | $159.21 | $83.26 | x |
| 2023-09-30 | $174.82 | $83.26 | x |
| 2024-09-30 | $184.13 | $83.26 | x |
| 2025-09-30 | $183.41 | $83.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AMCON Distributing Company 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): 0.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.02%
- • Asset Turnover: 7.20x
- • Equity Multiplier: 3.46x
- Recent ROE (0.50%) is below the historical average (4.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 20.00% | 0.74% | 7.66x | 3.54x | $650.00K |
| 1997 | 26.39% | 1.06% | 7.62x | 3.26x | $1.18 Million |
| 1998 | 25.00% | 0.82% | 7.43x | 4.13x | $1.44 Million |
| 1999 | 28.57% | 0.99% | 5.62x | 5.16x | $2.47 Million |
| 2000 | 23.17% | 0.84% | 6.39x | 4.33x | $2.22 Million |
| 2001 | -25.01% | -0.57% | 5.87x | 7.42x | $-4.68 Million |
| 2002 | 11.81% | 0.23% | 8.10x | 6.26x | $302.14K |
| 2003 | 5.93% | 0.13% | 7.76x | 5.75x | $-703.67K |
| 2004 | -27.22% | -0.50% | 7.37x | 7.35x | $-5.66 Million |
| 2005 | -313.26% | -1.51% | 8.88x | 23.43x | $-13.15 Million |
| 2006 | 0.00% | -0.13% | 8.85x | 0.00x | $-936.60K |
| 2007 | 80.10% | 0.52% | 9.27x | 16.61x | $3.89 Million |
| 2008 | 48.63% | 0.62% | 9.22x | 8.51x | $4.24 Million |
| 2009 | 54.59% | 1.43% | 10.30x | 3.71x | $10.60 Million |
| 2010 | 27.36% | 0.89% | 10.98x | 2.81x | $5.69 Million |
| 2011 | 19.33% | 0.77% | 9.70x | 2.58x | $3.89 Million |
| 2012 | 15.20% | 0.63% | 11.10x | 2.18x | $2.52 Million |
| 2013 | 10.53% | 0.48% | 11.38x | 1.91x | $294.62K |
| 2014 | 8.50% | 0.40% | 11.38x | 1.86x | $-874.70K |
| 2015 | 9.90% | 0.50% | 10.67x | 1.87x | $-65.01K |
| 2016 | 9.10% | 0.46% | 11.53x | 1.71x | $-594.39K |
| 2017 | 4.33% | 0.23% | 9.67x | 1.93x | $-3.87 Million |
| 2018 | 5.60% | 0.27% | 9.45x | 2.17x | $-2.85 Million |
| 2019 | 5.27% | 0.23% | 8.83x | 2.60x | $-2.87 Million |
| 2020 | 8.55% | 0.49% | 6.00x | 2.90x | $-936.56K |
| 2021 | 20.03% | 0.93% | 8.88x | 2.43x | $7.78 Million |
| 2022 | 17.96% | 0.83% | 6.95x | 3.11x | $7.39 Million |
| 2023 | 11.13% | 0.46% | 6.99x | 3.49x | $1.18 Million |
| 2024 | 3.88% | 0.16% | 7.25x | 3.35x | $-6.84 Million |
| 2025 | 0.50% | 0.02% | 7.20x | 3.46x | $-10.74 Million |
Industry Comparison
This section compares AMCON Distributing Company's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $970,218,222
- Average return on equity (ROE) among peers: 13.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AMCON Distributing Company (DIT) | $112.37 Million | 20.00% | 2.51x | $81.26 Million |
| The Andersons Inc (ANDE) | $67.80 Million | 15.04% | 5.76x | $2.36 Billion |
| Mission Produce Inc (AVO) | $379.03 Million | 18.92% | 0.82x | $983.00 Million |
| The Chefs Warehouse Inc (CHEF) | $604.31 Million | 11.97% | 2.36x | $3.29 Billion |
| Calavo Growers Inc (CVGW) | $211.56 Million | 0.05% | 0.49x | $466.33 Million |
| Hf Foods Group Inc (HFFG) | $287.98 Million | -0.75% | 1.07x | $97.33 Million |
| Mannatech Incorporated (MTEX) | $31.38 Million | 20.70% | 1.15x | $10.32 Million |
| Performance Food Group Co (PFGC) | $3.75 Billion | 10.60% | 2.34x | $14.78 Billion |
| SpartanNash Co (SPTN) | $126.01 Million | 13.65% | 3.53x | $910.90 Million |
| Sysco Corporation (SYY) | $3.28 Billion | 30.54% | 1.90x | $38.05 Billion |
About AMCON Distributing Company
AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. The company operates through two segments: Wholesale Distribution and Retail Health Food. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy… Read more