Polished.com Inc
Polished.com Inc. operates an e-commerce platform for appliances, furniture, and home goods in the United States. The company offers household appliances, including refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers; and furniture, décor, bed & bath, lighting, outdoor living, electronics categories, fitness equipment, plumbing fixtures, air conditioners, fireplac… Read more
Polished.com Inc (POLWQ) - Net Assets
Latest net assets as of September 2023: $54.37 Million USD
Based on the latest financial reports, Polished.com Inc (POLWQ) has net assets worth $54.37 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($238.82 Million) and total liabilities ($184.45 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 | $54.37 Million |
| % of Total Assets | 22.76% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Polished.com Inc - Net Assets Trend (2019–2022)
This chart illustrates how Polished.com 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 Polished.com Inc (2019–2022)
The table below shows the annual net assets of Polished.com Inc from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-09-30 | $62.56 Million | -67.13% |
| 2021-09-30 | $190.35 Million | +1529.49% |
| 2020-09-30 | $-13.32 Million | -226.52% |
| 2019-09-30 | $-4.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Polished.com 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 15511512900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $222.84 Million | 356.17% |
| Total Equity | $62.56 Million | 100.00% |
Polished.com Inc Competitors by Market Cap
The table below lists competitors of Polished.com Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BRUNSWICK
BE:BWI
|
$624.31K |
|
NEWGOLD EXCHANGE TRADED FUND
XNSA:NEWGOLD
|
$624.47K |
|
Greenwing Resources Ltd
PINK:BSSMF
|
$624.74K |
|
GGX Gold Corp
PINK:GGXXF
|
$625.47K |
|
Fintech Chain Ltd
AU:FTC
|
$623.15K |
|
Right Resources Limited
AU:RRE
|
$622.85K |
|
METLIFE
BE:MWZ
|
$622.52K |
|
LEON - FINMEC (FMNB.SG)
STU:FMNB
|
$622.24K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polished.com Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 190,351,000 to 62,565,000, a change of -127,786,000 (-67.1%).
- Net loss of 125,965,000 reduced equity.
- Share repurchases of 2,000,000 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-125.97 Million | -201.33% |
| Share Repurchases | $2.00 Million | -3.2% |
| Other Changes | $179.00K | +0.29% |
| Total Change | $- | -67.13% |
Book Value vs Market Value Analysis
This analysis compares Polished.com 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 |
|---|---|---|---|
| 2019-09-30 | $-35.46 | $0.30 | x |
| 2020-09-30 | $-108.95 | $0.30 | x |
| 2021-09-30 | $89.46 | $0.30 | x |
| 2022-09-30 | $29.73 | $0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polished.com 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): -201.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.57%
- • Asset Turnover: 2.04x
- • Equity Multiplier: 4.19x
- Recent ROE (-201.33%) is below the historical average (-68.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -39.12% | 2.10x | 0.00x | $-20.24 Million |
| 2021 | -3.98% | -2.19% | 0.90x | 2.02x | $-26.62 Million |
| 2022 | -201.33% | -23.57% | 2.04x | 4.19x | $-132.22 Million |
Industry Comparison
This section compares Polished.com Inc's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polished.com Inc (POLWQ) | $54.37 Million | 0.00% | 3.39x | $623.40K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |