Western Capital Resources Inc
Western Capital Resources, Inc., through its subsidiaries, engages in the retail business in the United States. It operates pawn shops and ice arenas, as well as wireless service. The company provides online and catalog retailers of plants, seeds, holiday gifts, home-brewing kits, and home restoration products, as well as provides consumer finance services. In addition, it manufactures outdoor po… Read more
Western Capital Resources Inc (WCRS) - Net Assets
Latest net assets as of March 2022: $82.18 Million USD
Based on the latest financial reports, Western Capital Resources Inc (WCRS) has net assets worth $82.18 Million USD as of March 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($121.99 Million) and total liabilities ($39.81 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 | $82.18 Million |
| % of Total Assets | 67.37% |
| Annual Growth Rate | 47.47% |
| 5-Year Change | 13.78% |
| 10-Year Change | 397.05% |
| Growth Volatility | 10279.86 |
Western Capital Resources Inc - Net Assets Trend (2004–2021)
This chart illustrates how Western Capital Resources 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 Western Capital Resources Inc (2004–2021)
The table below shows the annual net assets of Western Capital Resources Inc from 2004 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $78.16 Million | +13.18% |
| 2020-12-31 | $69.06 Million | +5.73% |
| 2019-12-31 | $65.31 Million | +0.97% |
| 2018-12-31 | $64.68 Million | -5.84% |
| 2017-12-31 | $68.69 Million | +123.84% |
| 2016-12-31 | $30.69 Million | +2.78% |
| 2015-12-31 | $29.86 Million | +48.62% |
| 2014-12-31 | $20.09 Million | +15.96% |
| 2013-12-31 | $17.33 Million | +10.19% |
| 2012-12-31 | $15.72 Million | +26.83% |
| 2011-12-31 | $12.40 Million | -5.09% |
| 2010-12-31 | $13.06 Million | -6.04% |
| 2009-12-31 | $13.90 Million | -8.72% |
| 2008-12-31 | $15.23 Million | -11.70% |
| 2007-12-31 | $17.25 Million | +43697.93% |
| 2006-12-31 | $39.38K | -57.62% |
| 2005-12-31 | $92.92K | -12.34% |
| 2004-12-31 | $106.01K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Capital Resources 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 4699194800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $46.86 Million | 61.32% |
| Common Stock | $911.00 | 0.00% |
| Other Components | $29.56 Million | 38.68% |
| Total Equity | $76.43 Million | 100.00% |
Western Capital Resources Inc Competitors by Market Cap
The table below lists competitors of Western Capital Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Capital Properties Inc
OTCQX:CPTP
|
$17.72 Million |
|
ASTech Co., Ltd.
KQ:453860
|
$17.73 Million |
|
Kilitch Drugs (India) Limited
NSE:KILITCH
|
$17.73 Million |
|
Hotel Holiday Garden
TW:2702
|
$17.73 Million |
|
RESAAS Services Inc
OTCQB:RSASF
|
$17.72 Million |
|
Kapuas Prima Coal Tbk PT
JK:ZINC
|
$17.71 Million |
|
PT Multi Garam Utama Tbk
JK:FOLK
|
$17.71 Million |
|
Map Boga Adiperkasa Tbk PT
JK:MAPB
|
$17.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Capital Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 67,502,948 to 76,425,336, a change of 8,922,388 (13.2%).
- Net income of 10,306,735 contributed positively to equity growth.
- Dividend payments of 921,984 reduced retained earnings.
- Share repurchases of 842,350 reduced equity.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.31 Million | +13.49% |
| Dividends Paid | $921.98K | -1.21% |
| Share Repurchases | $842.35K | -1.1% |
| Other Changes | $379.99K | +0.5% |
| Total Change | $- | 13.22% |
Book Value vs Market Value Analysis
This analysis compares Western Capital Resources 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: 1.72x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.65x to 1.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $2.14 | $14.25 | x |
| 2005-12-31 | $1.88 | $14.25 | x |
| 2006-12-31 | $0.71 | $14.25 | x |
| 2007-12-31 | $305.86 | $14.25 | x |
| 2008-12-31 | $35.34 | $14.25 | x |
| 2009-12-31 | $35.36 | $14.25 | x |
| 2010-12-31 | $34.79 | $14.25 | x |
| 2011-12-31 | $33.63 | $14.25 | x |
| 2012-12-31 | $26.41 | $14.25 | x |
| 2013-12-31 | $5.81 | $14.25 | x |
| 2014-12-31 | $5.39 | $14.25 | x |
| 2015-12-31 | $3.84 | $14.25 | x |
| 2016-12-31 | $3.23 | $14.25 | x |
| 2017-12-31 | $7.11 | $14.25 | x |
| 2018-12-31 | $6.69 | $14.25 | x |
| 2019-12-31 | $6.70 | $14.25 | x |
| 2020-12-31 | $7.10 | $14.25 | x |
| 2021-12-31 | $8.29 | $14.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Capital Resources 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): 13.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.28%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 1.52x
- Recent ROE (13.49%) is above the historical average (-5.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -122.44% | -32.39% | 1.00x | 3.79x | $-140.39K |
| 2005 | -14.08% | -5.32% | 2.26x | 1.17x | $-22.38K |
| 2006 | -133.41% | -57.50% | 1.29x | 1.80x | $-56.48K |
| 2007 | 0.16% | 0.24% | 0.54x | 1.21x | $-1.70 Million |
| 2008 | 3.97% | 4.70% | 0.61x | 1.39x | $-918.36K |
| 2009 | 5.55% | 4.21% | 0.87x | 1.52x | $-618.53K |
| 2010 | 10.33% | 7.50% | 0.87x | 1.59x | $42.63K |
| 2011 | 11.58% | 7.57% | 0.86x | 1.78x | $195.40K |
| 2012 | 11.33% | 7.00% | 1.09x | 1.49x | $209.10K |
| 2013 | 9.35% | 5.09% | 1.30x | 1.41x | $-113.06K |
| 2014 | 11.98% | 8.12% | 0.81x | 1.83x | $397.68K |
| 2015 | 11.80% | 5.36% | 1.17x | 1.88x | $536.49K |
| 2016 | 4.76% | 1.47% | 1.65x | 1.96x | $-1.61 Million |
| 2017 | 56.29% | 33.52% | 1.08x | 1.56x | $30.99 Million |
| 2018 | -3.57% | -1.96% | 1.42x | 1.28x | $-8.52 Million |
| 2019 | 5.51% | 2.96% | 1.27x | 1.46x | $-2.82 Million |
| 2020 | 12.39% | 6.19% | 1.45x | 1.38x | $1.62 Million |
| 2021 | 13.49% | 6.28% | 1.41x | 1.52x | $2.66 Million |
Industry Comparison
This section compares Western Capital Resources Inc's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $866,355,577
- Average return on equity (ROE) among peers: 86.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Capital Resources Inc (WCRS) | $82.18 Million | -122.44% | 0.48x | $17.72 Million |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $8.70 Million |
| Alimentation Couchen Tard Inc A (ANCTF) | $3.22 Billion | 17.81% | 2.28x | $37.28 Billion |
| Arhaus Inc (ARHS) | $3.03 Million | 248.25% | 87.69x | $382.69 Million |
| Arko Corp (ARKO) | $194.89 Million | -22.34% | 8.48x | $238.69 Million |
| Academy Sports Outdoors Inc (ASO) | $857.04 Million | 2.50% | 2.78x | $3.28 Billion |
| BARK, Inc. (BARK) | $203.74 Million | -15.41% | 0.25x | $89.87 Million |
| Build-A-Bear Workshop Inc (BBW) | $88.73 Million | 0.29% | 2.35x | $438.23 Million |
| Bath & Body Works Inc. (BBWI) | $2.27 Billion | 20.34% | 0.80x | $4.13 Billion |
| Best Buy Co. Inc (BBY) | $1.82 Billion | 21.73% | 1.66x | $12.17 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $3.67 Million | 519.38% | 69.22x | $29.90 Million |