FirsTime Design Ltd
FirsTime Design Limited, through its subsidiaries, designs, imports, and distributes home goods and other sleep environment products in the United States. It provides clocks, headboards, tables, lamps, armoires, and folding beds. It sells its products through various retailers, as well as through a network of e-commerce channels. The company was formerly known as The Middleton Doll Company. FirsT… Read more
FirsTime Design Ltd (FTDL) - Net Assets
Latest net assets as of September 2022: $6.02 Million USD
Based on the latest financial reports, FirsTime Design Ltd (FTDL) has net assets worth $6.02 Million USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.97 Million) and total liabilities ($8.94 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 | $6.02 Million |
| % of Total Assets | 40.25% |
| Annual Growth Rate | 0.05% |
| 5-Year Change | 57.11% |
| 10-Year Change | N/A |
| Growth Volatility | 42.52 |
FirsTime Design Ltd - Net Assets Trend (1986–2021)
This chart illustrates how FirsTime Design Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FirsTime Design Ltd (1986–2021)
The table below shows the annual net assets of FirsTime Design Ltd from 1986 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $9.48 Million | +4.37% |
| 2020-12-31 | $9.08 Million | +109.67% |
| 2019-12-31 | $4.33 Million | -30.17% |
| 2016-12-31 | $6.20 Million | +2.82% |
| 2015-12-31 | $6.03 Million | +38.36% |
| 2014-12-31 | $4.36 Million | +20.97% |
| 2012-12-31 | $3.60 Million | +11.44% |
| 2011-12-31 | $3.23 Million | -27.14% |
| 2010-12-31 | $4.44 Million | +357.03% |
| 2009-12-31 | $-1.73 Million | -12246.59% |
| 2008-12-31 | $-13.99K | -100.46% |
| 2007-12-31 | $3.04 Million | -32.76% |
| 2006-12-31 | $4.52 Million | -79.22% |
| 2005-12-31 | $21.75 Million | -6.67% |
| 2004-12-31 | $23.30 Million | -16.29% |
| 2003-12-31 | $27.84 Million | -8.81% |
| 2002-12-31 | $30.52 Million | -2.03% |
| 2001-12-31 | $31.16 Million | +3.35% |
| 2000-12-31 | $30.15 Million | -0.94% |
| 1999-12-31 | $30.43 Million | +5.67% |
| 1998-12-31 | $28.80 Million | -1.71% |
| 1997-12-31 | $29.30 Million | -15.07% |
| 1996-12-31 | $34.50 Million | -3.09% |
| 1995-12-31 | $35.60 Million | -7.77% |
| 1994-12-31 | $38.60 Million | -4.46% |
| 1993-12-31 | $40.40 Million | +66.26% |
| 1992-12-31 | $24.30 Million | +111.30% |
| 1991-12-31 | $11.50 Million | -0.86% |
| 1990-12-31 | $11.60 Million | +58.90% |
| 1989-12-31 | $7.30 Million | -13.10% |
| 1988-12-31 | $8.40 Million | -5.62% |
| 1987-12-31 | $8.90 Million | -4.30% |
| 1986-12-31 | $9.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FirsTime Design Ltd'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 1602.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $83.00K | 0.88% |
| Other Comprehensive Income | $-8.00K | -0.08% |
| Other Components | $13.91 Million | 146.76% |
| Total Equity | $9.48 Million | 100.00% |
FirsTime Design Ltd Competitors by Market Cap
The table below lists competitors of FirsTime Design Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
zvelo Inc
PINK:ZVLO
|
$2.92 |
|
EQM Technologies & Energy Inc
PINK:EQTE
|
$2.92 |
|
Superhero Scramble Inc
PINK:WNRC
|
$2.92 |
|
Viper Networks Inc
PINK:VPER
|
$2.93 |
|
Highland Surprise Consolidated Mining Co
PINK:HSCM
|
$2.90 |
|
Citron Inc
PINK:CTNI
|
$2.90 |
|
Eyecity.Com Inc
PINK:ICTY
|
$2.90 |
|
Legacy Technology Holdings Inc
PINK:LTHO
|
$2.89 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FirsTime Design Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 9,083,000 to 9,480,000, a change of 397,000 (4.4%).
- Net income of 405,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 8,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $405.00K | +4.27% |
| Other Comprehensive Income | $-8.00K | -0.08% |
| Total Change | $- | 4.37% |
Book Value vs Market Value Analysis
This analysis compares FirsTime Design Ltd'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 |
|---|---|---|---|
| 1986-12-31 | $41.35 | $0.00 | x |
| 1987-12-31 | $40.79 | $0.00 | x |
| 1988-12-31 | $37.35 | $0.00 | x |
| 1989-12-31 | $32.61 | $0.00 | x |
| 1990-12-31 | $42.34 | $0.00 | x |
| 1991-12-31 | $38.33 | $0.00 | x |
| 1992-12-31 | $61.46 | $0.00 | x |
| 1993-12-31 | $122.55 | $0.00 | x |
| 1994-12-31 | $95.21 | $0.00 | x |
| 1995-12-31 | $83.44 | $0.00 | x |
| 1996-12-31 | $85.02 | $0.00 | x |
| 1997-12-31 | $67.82 | $0.00 | x |
| 1998-12-31 | $79.39 | $0.00 | x |
| 1999-12-31 | $54.99 | $0.00 | x |
| 2000-12-31 | $77.81 | $0.00 | x |
| 2001-12-31 | $82.66 | $0.00 | x |
| 2002-12-31 | $81.75 | $0.00 | x |
| 2003-12-31 | $74.60 | $0.00 | x |
| 2004-12-31 | $62.51 | $0.00 | x |
| 2005-12-31 | $58.34 | $0.00 | x |
| 2006-12-31 | $12.12 | $0.00 | x |
| 2007-12-31 | $8.03 | $0.00 | x |
| 2008-12-31 | $-0.04 | $0.00 | x |
| 2009-12-31 | $-5.14 | $0.00 | x |
| 2010-12-31 | $13.22 | $0.00 | x |
| 2011-12-31 | $2.12 | $0.00 | x |
| 2012-12-31 | $2.36 | $0.00 | x |
| 2019-12-31 | $3.75 | $0.00 | x |
| 2020-12-31 | $7.87 | $0.00 | x |
| 2021-12-31 | $8.21 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FirsTime Design Ltd 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): 4.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.72%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 2.18x
- Recent ROE (4.27%) is below the historical average (8.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 8.60% | 21.62% | 0.10x | 4.12x | $-130.00K |
| 1987 | 13.48% | 24.49% | 0.09x | 6.07x | $310.00K |
| 1988 | 10.71% | 12.86% | 0.11x | 7.58x | $60.00K |
| 1989 | 20.55% | 17.05% | 0.11x | 10.99x | $770.00K |
| 1990 | 17.24% | 20.62% | 0.11x | 7.66x | $840.00K |
| 1991 | 20.87% | 28.24% | 0.09x | 7.86x | $1.25 Million |
| 1992 | 13.99% | 44.74% | 0.07x | 4.25x | $970.00K |
| 1993 | 7.43% | 37.50% | 0.07x | 3.00x | $-1.04 Million |
| 1994 | 7.77% | 29.70% | 0.11x | 2.36x | $-860.00K |
| 1995 | 8.99% | 36.36% | 0.10x | 2.38x | $-360.00K |
| 1996 | 7.25% | 49.02% | 0.06x | 2.30x | $-950.00K |
| 1997 | 12.68% | 11.29% | 0.22x | 5.08x | $740.00K |
| 1998 | 17.71% | 15.89% | 0.21x | 5.36x | $2.22 Million |
| 1999 | 22.75% | 29.47% | 0.15x | 5.14x | $3.88 Million |
| 2000 | 18.87% | 19.47% | 0.17x | 5.61x | $2.66 Million |
| 2001 | 9.98% | 11.32% | 0.17x | 5.09x | $-7.56K |
| 2002 | 15.23% | 14.53% | 0.25x | 4.12x | $1.59 Million |
| 2003 | 1.83% | 2.90% | 0.17x | 3.68x | $-2.27 Million |
| 2004 | -12.25% | -13.20% | 0.31x | 3.03x | $-5.19 Million |
| 2005 | -2.99% | -3.30% | 0.38x | 2.41x | $-2.82 Million |
| 2006 | 11.46% | 3.34% | 0.95x | 3.62x | $65.81K |
| 2007 | -31.38% | -7.53% | 0.93x | 4.48x | $-1.26 Million |
| 2008 | 0.00% | -21.76% | 1.15x | 0.00x | $-2.85 Million |
| 2009 | 0.00% | -16.25% | 1.27x | 0.00x | $-1.56 Million |
| 2010 | -5.95% | -3.81% | 1.40x | 1.12x | $-708.12K |
| 2011 | -55.53% | -38.20% | 1.21x | 1.20x | $-2.12 Million |
| 2012 | 12.37% | 5.83% | 1.70x | 1.25x | $85.50K |
| 2014 | 13.02% | 7.44% | 1.38x | 1.27x | $131.90K |
| 2015 | 28.99% | 18.61% | 1.32x | 1.18x | $1.15 Million |
| 2016 | 7.25% | 6.19% | 1.04x | 1.13x | $-170.40K |
| 2019 | 17.96% | 5.66% | 1.81x | 1.75x | $344.80K |
| 2020 | 52.31% | 21.67% | 1.28x | 1.89x | $3.84 Million |
| 2021 | 4.27% | 1.72% | 1.14x | 2.18x | $-543.00K |
Industry Comparison
This section compares FirsTime Design Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $209,687,587
- Average return on equity (ROE) among peers: -51.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FirsTime Design Ltd (FTDL) | $6.02 Million | 8.60% | 1.48x | $2.91 |
| American Woodmark Corporation (AMWD) | $229.84 Million | 15.44% | 0.74x | $537.29 Million |
| Aterian Inc (ATER) | $10.73 Million | -548.05% | 5.94x | $3.08 Million |
| Applied UV, Inc. (AUVIQ) | $24.88 Million | -53.06% | 1.35x | $467.00 |
| Bassett Furniture Industries (BSET) | $167.33 Million | -5.79% | 1.04x | $108.84 Million |
| Breville Group Limited (BVILF) | $177.41 Million | 25.92% | 0.57x | $2.02 Billion |
| Traeger Inc (COOK) | $430.88 Million | -6.87% | 1.15x | $117.97 Million |
| Crown Crafts Inc (CRWS) | $31.39 Million | 13.72% | 0.46x | $24.99 Million |
| Deer Consumer Prodct (DEER) | $-17.75K | 0.00% | 0.00x | $0.92 |
| De'Longhi S.p.A (DELHF) | $1.02 Billion | 17.45% | 1.04x | $1.30 Billion |
| Dyna Group International Inc (DGIX) | $2.70 Million | 22.22% | 1.22x | $7.49K |