Lancer Orthodontics Inc
Lancer Orthodontics, Inc. designs, manufactures, and markets orthodontic products for orthodontists and dentists worldwide. It offers aesthetic brackets, brackets and buccal tubes, bands, adhesives, wires, elastomerics, intraoral and extraoral appliances, instruments, and miscellaneous products. The company was founded in 1967 and is based in Vista, California.
Lancer Orthodontics Inc (LANZ) - Net Assets
Latest net assets as of August 2004: $3.41 Million USD
Based on the latest financial reports, Lancer Orthodontics Inc (LANZ) has net assets worth $3.41 Million USD as of August 2004.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.18 Million) and total liabilities ($777.09K). 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 | $3.41 Million |
| % of Total Assets | 81.43% |
| Annual Growth Rate | 8.47% |
| 5-Year Change | 12.18% |
| 10-Year Change | 37.93% |
| Growth Volatility | 19.22 |
Lancer Orthodontics Inc - Net Assets Trend (1992–2004)
This chart illustrates how Lancer Orthodontics 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 Lancer Orthodontics Inc (1992–2004)
The table below shows the annual net assets of Lancer Orthodontics Inc from 1992 to 2004.
| Year | Net Assets | Change |
|---|---|---|
| 2004-05-31 | $3.45 Million | +10.68% |
| 2003-05-31 | $3.12 Million | +3.44% |
| 2002-05-31 | $3.01 Million | +1.85% |
| 2001-05-31 | $2.96 Million | -3.80% |
| 2000-05-31 | $3.07 Million | -12.17% |
| 1999-05-31 | $3.50 Million | +2.94% |
| 1998-05-31 | $3.40 Million | +6.25% |
| 1997-05-31 | $3.20 Million | +10.34% |
| 1996-05-31 | $2.90 Million | +16.00% |
| 1995-05-31 | $2.50 Million | +4.17% |
| 1994-05-31 | $2.40 Million | +9.09% |
| 1993-05-31 | $2.20 Million | +69.23% |
| 1992-05-31 | $1.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lancer Orthodontics 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 98001000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2004)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.17 Million | 149.88% |
| Total Equity | $3.45 Million | 100.00% |
Lancer Orthodontics Inc Competitors by Market Cap
The table below lists competitors of Lancer Orthodontics Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Metal Arts Company Inc
PINK:MTRT
|
$94.19 |
|
Xemplar Energy Corp
PINK:XEPRF
|
$94.22 |
|
Nexus Energy Services Inc
PINK:IBGR
|
$94.53 |
|
CAMELOT GHANA LTD.
GSE:CMLT
|
$94.64 |
|
Altisource Asset Management Corporation
PINK:AAMCF
|
$94.00 |
|
Auravelle Metals Limited
AU:AUV
|
$93.94 |
|
CN VANADIUM TITANO
MU:CV8S
|
$93.80 |
|
EcoPlus Inc
PINK:ECPL
|
$93.46 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lancer Orthodontics Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2003 to 2004, total equity changed from 3,115,654 to 3,448,355, a change of 332,701 (10.7%).
- Net income of 28,951 contributed positively to equity growth.
- Other factors increased equity by 303,750.
Equity Change Factors (2003 to 2004)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $28.95K | +0.84% |
| Other Changes | $303.75K | +8.81% |
| Total Change | $- | 10.68% |
Book Value vs Market Value Analysis
This analysis compares Lancer Orthodontics 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: 0.01x
- 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 |
|---|---|---|---|
| 1992-05-31 | $0.73 | $0.01 | x |
| 1993-05-31 | $1.54 | $0.01 | x |
| 1994-05-31 | $1.16 | $0.01 | x |
| 1995-05-31 | $1.20 | $0.01 | x |
| 1996-05-31 | $1.35 | $0.01 | x |
| 1997-05-31 | $1.45 | $0.01 | x |
| 1998-05-31 | $1.36 | $0.01 | x |
| 1999-05-31 | $1.40 | $0.01 | x |
| 2000-05-31 | $1.55 | $0.01 | x |
| 2001-05-31 | $1.52 | $0.01 | x |
| 2002-05-31 | $1.59 | $0.01 | x |
| 2003-05-31 | $1.39 | $0.01 | x |
| 2004-05-31 | $1.38 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lancer Orthodontics 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): 0.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.48%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 1.19x
- Recent ROE (0.84%) is above the historical average (-3.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | -84.62% | -16.92% | 1.30x | 3.85x | $-1.23 Million |
| 1993 | 4.55% | 1.54% | 1.33x | 2.23x | $-120.00K |
| 1994 | 8.33% | 2.94% | 1.48x | 1.92x | $-40.00K |
| 1995 | 8.00% | 2.82% | 1.61x | 1.76x | $-50.00K |
| 1996 | 10.34% | 4.41% | 1.70x | 1.38x | $10.00K |
| 1997 | 6.25% | 3.17% | 1.58x | 1.25x | $-120.00K |
| 1998 | 8.82% | 4.84% | 1.51x | 1.21x | $-40.00K |
| 2000 | -9.66% | -5.26% | 1.50x | 1.22x | $-604.39K |
| 2001 | -3.95% | -1.97% | 1.59x | 1.26x | $-412.58K |
| 2002 | 1.25% | 0.63% | 1.65x | 1.21x | $-263.41K |
| 2003 | 2.28% | 1.21% | 1.57x | 1.20x | $-240.39K |
| 2004 | 0.84% | 0.48% | 1.47x | 1.19x | $-315.88K |
Industry Comparison
This section compares Lancer Orthodontics Inc's net assets metrics with peer companies in the Medical Instruments & Supplies industry.
Industry Context
- Industry: Medical Instruments & Supplies
- Average net assets among peers: $2,683,526,542
- Average return on equity (ROE) among peers: -32.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lancer Orthodontics Inc (LANZ) | $3.41 Million | -84.62% | 0.23x | $94.09 |
| ANGELALIGN TECHNOLOGY INC (AGLFF) | $480.24 Million | 2.52% | 0.41x | $405.57 Million |
| Akoya Biosciences Inc (AKYA) | $-30.16 Million | 0.00% | 0.00x | $16.24 Million |
| Alcon AG (ALC) | $19.68 Billion | 1.70% | 0.48x | $37.82 Billion |
| Align Technology Inc (ALGN) | $3.85 Billion | 10.94% | 0.61x | $11.75 Billion |
| AngioDynamics Inc (ANGO) | $355.71 Million | 3.06% | 0.15x | $354.40 Million |
| Ansell Limited (ANSLF) | $386.33 Million | -0.45% | 0.87x | $2.58 Billion |
| AptarGroup Inc (ATR) | $2.07 Billion | 11.57% | 1.03x | $8.27 Billion |
| AtriCure Inc (ATRC) | $72.60 Million | -15.79% | 0.54x | $1.42 Billion |
| Avinger Inc (AVGR) | $-35.69 Million | 0.00% | 0.00x | $1.26 Million |
| Anteris Technologies Global Corp. Common Stock (AVR) | $9.03 Million | -338.35% | 0.77x | $156.14 Million |