The Real Good Food Company, Inc. Net Assets
The Real Good Food Company, Inc. net assets. Based on the latest financial reports, The Real Good Food Company, Inc. (RGFC) has net assets worth $-43.72 Million USD as of September 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($151.71 Million) and total liabilities ($195.43 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 net asset momentum of The Real Good Food Company, Inc. to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-43.72 Million |
| % of Total Assets | -28.82% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Net Assets of The Real Good Food Company, Inc. (2019–2022)
Net assets of The Real Good Food Company, Inc. from 2019 to 2022. This chart illustrates how The Real Good Food Company, Inc.'s net assets have evolved over time, based on quarterly financial data. See The Real Good Food Company, Inc. balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for The Real Good Food Company, Inc. (2019–2022)
The table below shows the annual net assets of The Real Good Food Company, Inc. from 2019 to 2022. For live market cap and overall valuation, see The Real Good Food Company, Inc. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-8.10 Million | -126.15% |
| 2021-12-31 | $30.98 Million | +202.71% |
| 2020-12-31 | $-30.17 Million | -104.55% |
| 2019-12-31 | $-14.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Real Good Food Company, 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 254400000.0% over the analyzed period, indicating profitable operations and earnings retention.
The Real Good Food Company, Inc. Net Assets Breakdown (December 2022)
The Real Good Food Company, Inc. net assets breakdown by equity component as of December 2022.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00K | 0.01% |
| Other Components | $56.27 Million | 160.09% |
| Total Equity | $35.15 Million | 100.00% |
The Real Good Food Company, Inc. Competitors by Market Cap
The table below lists competitors of The Real Good Food Company, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Quintegra Solutions Limited
NSE:QUINTEGRA
|
$968.54K |
|
Flexituff Ventures International Limited
NSE:FLEXITUFF
|
$969.06K |
|
Eurasia Mining
LSE:EUA
|
$969.57K |
|
Jaguar Animal Health Inc
NASDAQ:JAGX
|
$970.44K |
|
Grosvenor Resource Corp
V:GVR
|
$966.46K |
|
Wynnstay Group Plc
LSE:WYN
|
$966.28K |
|
Lapidoth-Heletz Limited Partnership
TA:LPHL-L
|
$966.23K |
|
EJF Investments Ltd
LSE:EJFI
|
$964.73K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Real Good Food Company, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 39,553,000 to 35,150,000, a change of -4,403,000 (-11.1%).
- Net loss of 10,982,000 reduced equity.
- Other factors increased equity by 6,579,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.98 Million | -31.24% |
| Other Changes | $6.58 Million | +18.72% |
| Total Change | $- | -11.13% |
Book Value vs Market Value Analysis
This analysis compares The Real Good Food Company, 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: 0.10x
- 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 |
|---|---|---|---|
| 2019-12-31 | $-0.02 | $0.55 | x |
| 2020-12-31 | $-4.89 | $0.55 | x |
| 2021-12-31 | $6.41 | $0.55 | x |
| 2022-12-31 | $5.68 | $0.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Real Good Food Company, 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): -31.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.76%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 3.74x
- Recent ROE (-31.24%) is below the historical average (-27.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -50.38% | 2.53x | 0.00x | $-18.04 Million |
| 2020 | 0.00% | -39.92% | 2.52x | 0.00x | $-12.55 Million |
| 2021 | -77.33% | -36.37% | 0.82x | 2.58x | $-34.54 Million |
| 2022 | -31.24% | -7.76% | 1.08x | 3.74x | $-14.50 Million |
Industry Comparison
This section compares The Real Good Food Company, Inc.'s net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $181,059,368
- Average return on equity (ROE) among peers: -27.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Real Good Food Company, Inc. (RGFC) | $-43.72 Million | 0.00% | N/A | $966.48K |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $4.86 Million |
| Agape ATP Corporation Common Stock (ATPC) | $3.31 Million | -76.20% | 0.43x | $1.49 Million |
| B&G Foods Inc (BGS) | $868.17 Million | -1.31% | 3.42x | $206.66 Million |
| BioHarvest Sciences Inc. Common Stock (BHST) | $45.63K | 0.00% | 0.17x | $33.10 Million |
| BranchOut Food Inc. Common Stock (BOF) | $2.21 Million | -177.60% | 0.41x | $27.48 Million |
| Bellring Brands LLC (BRBR) | $-376.20 Million | 0.00% | 0.00x | $1.19 Billion |
| BRC Inc. (BRCC) | $46.51 Million | -36.00% | 4.07x | $216.27 Million |
| BRF SA ADR (BRFS) | $1.22 Billion | 29.52% | 1.97x | $5.38 Billion |
| Bridgford Foods Corporation (BRID) | $16.40 Million | 23.78% | 0.51x | $49.29 Million |
| Borealis Foods Inc. (BRLS) | $28.08 Million | -36.04% | 1.04x | $24.68 Million |
About The Real Good Food Company, Inc.
The Real Good Food Company, Inc., through its subsidiary, operates as a health and wellness focused frozen food company in the United States. The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients. It offers comfort foods, such as bacon wrapped stuffed chicken, chicken enchiladas, grain-free cheesy bread… Read more