Qualstar Corporation
Qualstar Corporation, together with its subsidiaries, manufactures and markets data storage system products and power solutions worldwide. The company operates in two segments, Data Storage and Power Supplies. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The company designs, manufactures, and sells switching power supplies that are used to… Read more
Qualstar Corporation (QBAK) - Net Assets
Latest net assets as of June 2025: $4.84 Million USD
Based on the latest financial reports, Qualstar Corporation (QBAK) has net assets worth $4.84 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.52 Million) and total liabilities ($1.68 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 | $4.84 Million |
| % of Total Assets | 74.21% |
| Annual Growth Rate | -3.53% |
| 5-Year Change | -18.55% |
| 10-Year Change | -24.34% |
| Growth Volatility | 42.81 |
Qualstar Corporation - Net Assets Trend (1998–2024)
This chart illustrates how Qualstar Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Qualstar Corporation (1998–2024)
The table below shows the annual net assets of Qualstar Corporation from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.58 Million | -8.76% |
| 2023-12-31 | $5.01 Million | -6.10% |
| 2022-12-31 | $5.34 Million | -8.81% |
| 2021-12-31 | $5.86 Million | +4.25% |
| 2020-12-31 | $5.62 Million | -16.70% |
| 2019-12-31 | $6.74 Million | -7.98% |
| 2018-12-31 | $7.33 Million | +24.29% |
| 2017-12-31 | $5.90 Million | +21.84% |
| 2016-12-31 | $4.84 Million | -19.98% |
| 2015-12-31 | $6.05 Million | -33.72% |
| 2014-12-31 | $9.12 Million | -23.77% |
| 2013-12-31 | $11.97 Million | -44.25% |
| 2012-12-31 | $21.47 Million | -26.44% |
| 2011-12-31 | $29.18 Million | -2.23% |
| 2010-12-31 | $29.85 Million | -13.51% |
| 2009-12-31 | $34.51 Million | -11.79% |
| 2008-12-31 | $39.12 Million | -6.50% |
| 2007-12-31 | $41.84 Million | -2.37% |
| 2006-12-31 | $42.86 Million | -2.91% |
| 2005-12-31 | $44.14 Million | -3.43% |
| 2004-12-31 | $45.71 Million | -5.37% |
| 2003-12-31 | $48.30 Million | -1.27% |
| 2002-12-31 | $48.93 Million | +9.48% |
| 2001-12-31 | $44.69 Million | +6.06% |
| 2000-12-31 | $42.13 Million | +20.28% |
| 1999-12-31 | $35.03 Million | +200.96% |
| 1998-12-31 | $11.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qualstar Corporation'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 219.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $17.73 Million | 387.61% |
| Total Equity | $4.58 Million | 100.00% |
Qualstar Corporation Competitors by Market Cap
The table below lists competitors of Qualstar Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
240600
KQ:240600
|
$6.88 Million |
|
Seosan Corporation
KQ:079650
|
$6.88 Million |
|
CIC39 Corp
VN:C32
|
$6.89 Million |
|
Hamelin Gold Ltd
AU:HMG
|
$6.89 Million |
|
Microequities Asset Management Group Ltd
AU:MAM
|
$6.88 Million |
|
Karyon Industries Bhd
KLSE:0054
|
$6.87 Million |
|
Global Surfaces Limited
NSE:GSLSU
|
$6.86 Million |
|
Oricon Enterprises Limited
NSE:ORICONENT
|
$6.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qualstar Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,014,000 to 4,575,000, a change of -439,000 (-8.8%).
- Net loss of 471,000 reduced equity.
- Share repurchases of 143,000 reduced equity.
- Other factors increased equity by 175,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-471.00K | -10.3% |
| Share Repurchases | $143.00K | -3.13% |
| Other Changes | $175.00K | +3.83% |
| Total Change | $- | -8.76% |
Book Value vs Market Value Analysis
This analysis compares Qualstar Corporation'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: 1.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.81x to 1.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $7.38 | $6.00 | x |
| 1999-12-31 | $21.58 | $6.00 | x |
| 2000-12-31 | $25.95 | $6.00 | x |
| 2001-12-31 | $21.17 | $6.00 | x |
| 2002-12-31 | $23.18 | $6.00 | x |
| 2003-12-31 | $22.88 | $6.00 | x |
| 2004-12-31 | $21.81 | $6.00 | x |
| 2005-12-31 | $21.36 | $6.00 | x |
| 2006-12-31 | $20.99 | $6.00 | x |
| 2007-12-31 | $20.49 | $6.00 | x |
| 2008-12-31 | $19.16 | $6.00 | x |
| 2009-12-31 | $16.90 | $6.00 | x |
| 2010-12-31 | $14.62 | $6.00 | x |
| 2011-12-31 | $14.29 | $6.00 | x |
| 2012-12-31 | $10.51 | $6.00 | x |
| 2013-12-31 | $5.86 | $6.00 | x |
| 2014-12-31 | $4.47 | $6.00 | x |
| 2015-12-31 | $2.96 | $6.00 | x |
| 2016-12-31 | $2.37 | $6.00 | x |
| 2017-12-31 | $2.89 | $6.00 | x |
| 2018-12-31 | $3.56 | $6.00 | x |
| 2019-12-31 | $3.50 | $6.00 | x |
| 2020-12-31 | $2.92 | $6.00 | x |
| 2021-12-31 | $3.03 | $6.00 | x |
| 2022-12-31 | $2.92 | $6.00 | x |
| 2023-12-31 | $3.19 | $6.00 | x |
| 2024-12-31 | $3.18 | $6.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qualstar Corporation 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): -10.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.86%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 1.47x
- Recent ROE (-10.30%) is below the historical average (-6.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 34.24% | 13.42% | 2.29x | 1.11x | $2.82 Million |
| 1999 | 22.25% | 15.80% | 1.30x | 1.08x | $4.29 Million |
| 2000 | 18.50% | 15.80% | 1.10x | 1.06x | $3.58 Million |
| 2001 | 15.06% | 13.05% | 1.08x | 1.07x | $2.26 Million |
| 2002 | 5.64% | 7.33% | 0.74x | 1.04x | $-2.13 Million |
| 2003 | 1.14% | 1.64% | 0.66x | 1.06x | $-4.28 Million |
| 2004 | -1.60% | -2.32% | 0.65x | 1.07x | $-5.30 Million |
| 2005 | -3.73% | -6.55% | 0.54x | 1.06x | $-6.06 Million |
| 2006 | -3.95% | -7.79% | 0.48x | 1.06x | $-5.98 Million |
| 2007 | -3.46% | -7.02% | 0.47x | 1.05x | $-5.63 Million |
| 2008 | -1.92% | -3.51% | 0.50x | 1.09x | $-4.67 Million |
| 2009 | -7.42% | -14.30% | 0.49x | 1.06x | $-6.01 Million |
| 2010 | -10.46% | -20.44% | 0.47x | 1.09x | $-6.11 Million |
| 2011 | -2.33% | -3.72% | 0.57x | 1.09x | $-3.60 Million |
| 2012 | -19.13% | -24.04% | 0.67x | 1.19x | $-6.25 Million |
| 2013 | -86.60% | -81.97% | 0.76x | 1.39x | $-11.56 Million |
| 2014 | -61.65% | -51.40% | 0.86x | 1.40x | $-6.54 Million |
| 2015 | -43.43% | -23.92% | 1.26x | 1.44x | $-3.23 Million |
| 2016 | -25.01% | -12.85% | 1.30x | 1.50x | $-1.69 Million |
| 2017 | 10.85% | 6.01% | 1.24x | 1.45x | $50.40K |
| 2018 | 20.28% | 12.15% | 1.22x | 1.36x | $753.20K |
| 2019 | -0.10% | -0.05% | 1.34x | 1.49x | $-681.30K |
| 2020 | -22.40% | -15.54% | 0.96x | 1.50x | $-1.82 Million |
| 2021 | 7.34% | 4.69% | 1.05x | 1.48x | $-155.60K |
| 2022 | 1.03% | 0.56% | 1.22x | 1.52x | $-479.00K |
| 2023 | 3.81% | 1.80% | 1.32x | 1.61x | $-310.40K |
| 2024 | -10.30% | -5.86% | 1.20x | 1.47x | $-928.50K |
Industry Comparison
This section compares Qualstar Corporation's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $315,233,876
- Average return on equity (ROE) among peers: -5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qualstar Corporation (QBAK) | $4.84 Million | 34.24% | 0.35x | $6.88 Million |
| ABB Ltd (ABBNY) | $2.23 Billion | -31.00% | 13.51x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $130.20 Million | -15.76% | 0.25x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $194.80 Million |
| Advanced Energy Industries Inc (AEIS) | $392.07 Million | 32.51% | 0.46x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $30.27 Million | -57.55% | 0.21x | $91.15 Million |
| Alfen N.V (ALFNF) | $6.81 Million | 25.29% | 3.39x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $17.88 Million |
| Astro Communications Inc (ASTO) | $7.59 Million | 3.65% | 0.08x | $18.93K |
| Atkore International Group Inc (ATKR) | $232.94 Million | 59.69% | 5.17x | $1.72 Billion |