TCSIF
2CRSI S.A., together with its subsidiaries, develops, manufactures, and distributes end-to-end computing solutions in France and internationally. The company offers servers and accessories, such as GPU and AI servers, mainstream compute servers, high density servers, rugged servers, and risers; OCP servers and racks, including OCtoPus 21 servers and rack solutions; and workstations comprising hig… Read more
TCSIF (TCSIF) - Net Assets
Latest net assets as of November 2024: $28.39 Million USD
Based on the latest financial reports, TCSIF (TCSIF) has net assets worth $28.39 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 ($80.80 Million) and total liabilities ($52.41 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 | $28.39 Million |
| % of Total Assets | 35.14% |
| Annual Growth Rate | -7.77% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.51 |
TCSIF - Net Assets Trend (2021–2023)
This chart illustrates how TCSIF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TCSIF (2021–2023)
The table below shows the annual net assets of TCSIF from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-02-28 | $34.61 Million | -14.04% |
| 2022-02-28 | $40.26 Million | -1.03% |
| 2021-02-28 | $40.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TCSIF'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 844200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $37.05 Million | 151.71% |
| Total Equity | $24.42 Million | 100.00% |
TCSIF Competitors by Market Cap
The table below lists competitors of TCSIF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Peoples Ltd
PINK:PPLL
|
$42.17 Million |
|
Syntec Construction Public Company Limited
BK:SYNTEC
|
$42.18 Million |
|
MARATHON RESOURCES
MU:LVT
|
$42.18 Million |
|
Dae Chang
KO:012800
|
$42.19 Million |
|
VOC Energy Trust
NYSE:VOC
|
$42.15 Million |
|
Batulicin Nusantara Maritim Tbk PT
JK:BESS
|
$42.15 Million |
|
Inmax Holding Co Ltd
TWO:1591
|
$42.14 Million |
|
GIGANTE SALMON AS NK 1
F:96M
|
$42.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TCSIF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 40,543,000 to 24,423,000, a change of -16,120,000 (-39.8%).
- Net loss of 12,630,000 reduced equity.
- Dividend payments of 175,000 reduced retained earnings.
- Share repurchases of 7,000 reduced equity.
- Other factors decreased equity by 3,308,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-12.63 Million | -51.71% |
| Dividends Paid | $175.00K | -0.72% |
| Share Repurchases | $7.00K | -0.03% |
| Other Changes | $-3.31 Million | -13.54% |
| Total Change | $- | -39.76% |
Book Value vs Market Value Analysis
This analysis compares TCSIF'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: 2.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.49x to 2.51x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-02-28 | $2.86 | $4.26 | x |
| 2022-02-28 | $2.85 | $4.26 | x |
| 2023-02-28 | $1.70 | $4.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TCSIF 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): -51.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.75%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 5.73x
- Recent ROE (-51.71%) is below the historical average (-21.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -10.28% | -2.56% | 1.01x | 3.95x | $-8.26 Million |
| 2022 | -2.62% | -0.58% | 1.12x | 4.03x | $-5.12 Million |
| 2023 | -51.71% | -6.75% | 1.34x | 5.73x | $-15.07 Million |
Industry Comparison
This section compares TCSIF's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $102,165,222,837
- Average return on equity (ROE) among peers: -82.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TCSIF (TCSIF) | $28.39 Million | -10.28% | 1.85x | $42.17 Million |
| Acer Incorporated (ACEYY) | $75.03 Billion | -3.88% | 2.02x | $3.26 Billion |
| AGM Group Holdings Inc Class A (AGMH) | $4.25 Million | 55.33% | 1.47x | $2.33 Million |
| AstroNova Inc (ALOT) | $33.90 Million | 8.85% | 0.18x | $49.05 Million |
| Arista Networks (ANET) | $788.15 Million | 15.37% | 0.47x | $138.43 Billion |
| Bgin Blockchain Limited Class A Ordinary Shares (BGIN) | $148.92 Million | 93.81% | 0.29x | $27.14K |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $46.37 Million |
| BTC Digital Ltd. (BTCT) | $36.58 Million | -1050.71% | 23.21x | $9.90 Million |
| Canon Inc. (CAJPY) | $945.07 Billion | 3.28% | 1.35x | $24.42 Billion |
| Canaan Inc (CAN) | $543.31 Million | 56.77% | 0.63x | $346.91 Million |
| CCUR Holdings Inc (CCUR) | $-1.50 Million | 0.00% | 0.00x | $6.74 Million |