Circuit Research Labs Inc
Circuit Research Labs, Inc. develops, manufactures, and markets electronic audio processing, transmission encoding, and noise reduction equipment for radio, television, cable, Internet, and professional audio markets worldwide. Its products are used to control the audio quality and range of radio, television, cable, and Internet audio reception, as well as allow radio and television stations to b… Read more
Circuit Research Labs Inc (CRLI) - Net Assets
Latest net assets as of September 2008: $4.67 Million USD
Based on the latest financial reports, Circuit Research Labs Inc (CRLI) has net assets worth $4.67 Million USD as of September 2008.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.17 Million) and total liabilities ($6.50 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 | $4.67 Million |
| % of Total Assets | 41.78% |
| Annual Growth Rate | 2.47% |
| 5-Year Change | N/A |
| 10-Year Change | 77.94% |
| Growth Volatility | 153.66 |
Circuit Research Labs Inc - Net Assets Trend (1987–2007)
This chart illustrates how Circuit Research Labs 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 Circuit Research Labs Inc (1987–2007)
The table below shows the annual net assets of Circuit Research Labs Inc from 1987 to 2007.
| Year | Net Assets | Change |
|---|---|---|
| 2007-12-31 | $2.44 Million | +4.59% |
| 2006-12-31 | $2.34 Million | -39.65% |
| 2005-12-31 | $3.87 Million | +267.37% |
| 2004-12-31 | $-2.31 Million | -166.83% |
| 2003-12-31 | $-866.42K | -35.10% |
| 2002-12-31 | $-641.30K | -646.60% |
| 2001-12-31 | $117.33K | -94.92% |
| 2000-12-31 | $2.31 Million | +37.06% |
| 1999-12-31 | $1.68 Million | +22.71% |
| 1998-12-31 | $1.37 Million | -11.17% |
| 1997-12-31 | $1.55 Million | -14.51% |
| 1996-12-31 | $1.81 Million | +7.00% |
| 1995-12-31 | $1.69 Million | -15.54% |
| 1994-12-31 | $2.00 Million | -4.76% |
| 1993-12-31 | $2.10 Million | -4.55% |
| 1992-12-31 | $2.20 Million | -4.35% |
| 1991-12-31 | $2.30 Million | +9.52% |
| 1990-12-31 | $2.10 Million | +16.67% |
| 1989-12-31 | $1.80 Million | +12.50% |
| 1988-12-31 | $1.60 Million | +6.67% |
| 1987-12-31 | $1.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Circuit Research Labs 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 decreased by 4008.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2007)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $864.85K | 35.41% |
| Other Components | $9.39 Million | 384.65% |
| Total Equity | $2.44 Million | 100.00% |
Circuit Research Labs Inc Competitors by Market Cap
The table below lists competitors of Circuit Research Labs Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Colombia Energy Resources Inc
PINK:CERX
|
$0.92 |
|
Merriman Holdings Inc
PINK:MERR
|
$0.92 |
|
Mansfelder Metals Ltd
PINK:MNSF
|
$0.92 |
|
Universal Systems Inc
PINK:UVSS
|
$0.92 |
|
Poniard Pharmaceuticals Inc
PINK:PARD
|
$0.92 |
|
Commerce Group Corp
PINK:CGCO
|
$0.92 |
|
C=Holdings B.V
OTCGREY:CBUIF
|
$0.92 |
|
TFN Football Network
PINK:TFBN
|
$0.92 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Circuit Research Labs Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2006 to 2007, total equity changed from 2,335,085 to 2,442,361, a change of 107,276 (4.6%).
- Net income of 107,276 contributed positively to equity growth.
- Share repurchases of 32,062 reduced equity.
- Other factors increased equity by 32,062.
Equity Change Factors (2006 to 2007)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $107.28K | +4.39% |
| Share Repurchases | $32.06K | -1.31% |
| Other Changes | $32.06K | +1.31% |
| Total Change | $- | 4.59% |
Book Value vs Market Value Analysis
This analysis compares Circuit Research Labs 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: 0.00x
- 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 |
|---|---|---|---|
| 1987-12-31 | $2.40 | $0.00 | x |
| 1988-12-31 | $2.68 | $0.00 | x |
| 1989-12-31 | $2.40 | $0.00 | x |
| 1990-12-31 | $3.36 | $0.00 | x |
| 1991-12-31 | $3.68 | $0.00 | x |
| 1992-12-31 | $3.30 | $0.00 | x |
| 1993-12-31 | $4.41 | $0.00 | x |
| 1994-12-31 | $1.67 | $0.00 | x |
| 1995-12-31 | $1.41 | $0.00 | x |
| 1996-12-31 | $1.54 | $0.00 | x |
| 1997-12-31 | $1.30 | $0.00 | x |
| 1998-12-31 | $1.52 | $0.00 | x |
| 1999-12-31 | $1.84 | $0.00 | x |
| 2000-12-31 | $1.42 | $0.00 | x |
| 2001-12-31 | $0.05 | $0.00 | x |
| 2002-12-31 | $-0.17 | $0.00 | x |
| 2003-12-31 | $-0.23 | $0.00 | x |
| 2004-12-31 | $-0.53 | $0.00 | x |
| 2005-12-31 | $0.36 | $0.00 | x |
| 2006-12-31 | $0.27 | $0.00 | x |
| 2007-12-31 | $0.28 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Circuit Research Labs 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): 4.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.83%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 4.43x
- Recent ROE (4.39%) is above the historical average (-94.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | -26.67% | -23.53% | 0.85x | 1.33x | $-550.00K |
| 1989 | 16.67% | 12.50% | 1.14x | 1.17x | $120.00K |
| 1990 | 14.29% | 12.50% | 1.00x | 1.14x | $90.00K |
| 1991 | 8.70% | 9.09% | 0.85x | 1.13x | $-30.00K |
| 1992 | -4.55% | -4.76% | 0.84x | 1.14x | $-320.00K |
| 1993 | -4.76% | -4.76% | 0.88x | 1.14x | $-310.00K |
| 1994 | -5.00% | -4.76% | 0.95x | 1.10x | $-300.00K |
| 1995 | -18.16% | -16.28% | 0.88x | 1.27x | $-475.64K |
| 1996 | 6.81% | 4.88% | 1.16x | 1.20x | $-57.59K |
| 1997 | -16.97% | -13.43% | 1.06x | 1.20x | $-416.82K |
| 1998 | 0.66% | 0.59% | 0.99x | 1.12x | $-128.25K |
| 1999 | -15.45% | -25.59% | 0.55x | 1.09x | $-428.65K |
| 2000 | -85.91% | -26.32% | 0.57x | 5.78x | $-2.21 Million |
| 2001 | -1744.40% | -15.66% | 1.18x | 94.33x | $-2.06 Million |
| 2002 | 0.00% | -19.82% | 0.91x | 0.00x | $-2.07 Million |
| 2003 | 0.00% | -3.11% | 1.05x | 0.00x | $-298.24K |
| 2004 | 0.00% | -11.38% | 1.15x | 0.00x | $-1.28 Million |
| 2005 | 74.99% | 18.81% | 1.26x | 3.16x | $2.51 Million |
| 2006 | -92.65% | -17.07% | 1.18x | 4.59x | $-2.40 Million |
| 2007 | 4.39% | 0.83% | 1.19x | 4.43x | $-136.96K |
Industry Comparison
This section compares Circuit Research Labs Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Circuit Research Labs Inc (CRLI) | $4.67 Million | -26.67% | 1.39x | $0.92 |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |