Quorum Information Technologies Inc
Quorum Information Technologies Inc., an information technology company, focuses on the automotive retail business in Canada and the United States. The company operates through three segments: Software as a Service, Business Development Centre, and Services and one-time. It develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership … Read more
Quorum Information Technologies Inc (QIFTF) - Net Assets
Latest net assets as of September 2025: $30.32 Million USD
Based on the latest financial reports, Quorum Information Technologies Inc (QIFTF) has net assets worth $30.32 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($40.80 Million) and total liabilities ($10.48 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 | $30.32 Million |
| % of Total Assets | 74.3% |
| Annual Growth Rate | 10.2% |
| 5-Year Change | -1.32% |
| 10-Year Change | 70.45% |
| Growth Volatility | 20.86 |
Quorum Information Technologies Inc - Net Assets Trend (2001–2024)
This chart illustrates how Quorum Information Technologies 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 Quorum Information Technologies Inc (2001–2024)
The table below shows the annual net assets of Quorum Information Technologies Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $29.66 Million | +9.60% |
| 2023-12-31 | $27.06 Million | +1.82% |
| 2022-12-31 | $26.58 Million | -4.29% |
| 2021-12-31 | $27.77 Million | -7.62% |
| 2020-12-31 | $30.06 Million | -3.35% |
| 2019-12-31 | $31.10 Million | +34.09% |
| 2018-12-31 | $23.19 Million | +22.64% |
| 2017-12-31 | $18.91 Million | +4.73% |
| 2016-12-31 | $18.06 Million | +3.77% |
| 2015-12-31 | $17.40 Million | +29.31% |
| 2014-12-31 | $13.46 Million | +5.39% |
| 2013-12-31 | $12.77 Million | +3.33% |
| 2012-12-31 | $12.36 Million | -0.81% |
| 2011-12-31 | $12.46 Million | -19.43% |
| 2010-12-31 | $15.46 Million | +1.33% |
| 2009-12-31 | $15.26 Million | +2.27% |
| 2008-12-31 | $14.92 Million | -0.45% |
| 2007-12-31 | $14.99 Million | +17.10% |
| 2006-12-31 | $12.80 Million | +38.21% |
| 2005-12-31 | $9.26 Million | +11.27% |
| 2004-12-31 | $8.32 Million | +77.20% |
| 2003-12-31 | $4.70 Million | +47.44% |
| 2002-12-31 | $3.19 Million | +0.18% |
| 2001-12-31 | $3.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Quorum Information Technologies 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 137018.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $31.83 Million | 107.33% |
| Other Components | $2.61 Million | 8.81% |
| Total Equity | $29.66 Million | 100.00% |
Quorum Information Technologies Inc Competitors by Market Cap
The table below lists competitors of Quorum Information Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DAWSON GEOPHYS. DL-30
F:RVS1
|
$24.59 Million |
|
Crown Confec
KO:005740
|
$24.60 Million |
|
Oswal Agro Mills Limited
NSE:OSWALAGRO
|
$24.61 Million |
|
Daekyo
KO:019680
|
$24.61 Million |
|
Estika Tata Tiara Tbk PT
JK:BEEF
|
$24.58 Million |
|
Conduril - Engenharia S.A
LS:CDU
|
$24.57 Million |
|
Indel B S.p.A
F:2I6
|
$24.57 Million |
|
Builddirect.com Tehcnologies Inc
V:BILD
|
$24.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Quorum Information Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,061,025 to 29,659,416, a change of 2,598,391 (9.6%).
- Net income of 2,545,951 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.55 Million | +8.58% |
| Other Changes | $52.44K | +0.18% |
| Total Change | $- | 9.60% |
Book Value vs Market Value Analysis
This analysis compares Quorum Information Technologies 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: 1.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.32x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $0.20 | $0.67 | x |
| 2003-12-31 | $0.26 | $0.67 | x |
| 2004-12-31 | $0.31 | $0.67 | x |
| 2005-12-31 | $0.32 | $0.67 | x |
| 2006-12-31 | $0.40 | $0.67 | x |
| 2007-12-31 | $0.39 | $0.67 | x |
| 2008-12-31 | $0.38 | $0.67 | x |
| 2009-12-31 | $0.39 | $0.67 | x |
| 2010-12-31 | $0.36 | $0.67 | x |
| 2011-12-31 | $0.32 | $0.67 | x |
| 2012-12-31 | $0.31 | $0.67 | x |
| 2013-12-31 | $0.32 | $0.67 | x |
| 2014-12-31 | $0.32 | $0.67 | x |
| 2015-12-31 | $0.41 | $0.67 | x |
| 2016-12-31 | $0.35 | $0.67 | x |
| 2017-12-31 | $0.36 | $0.67 | x |
| 2018-12-31 | $0.43 | $0.67 | x |
| 2019-12-31 | $0.50 | $0.67 | x |
| 2020-12-31 | $0.42 | $0.67 | x |
| 2021-12-31 | $0.38 | $0.67 | x |
| 2022-12-31 | $0.36 | $0.67 | x |
| 2023-12-31 | $0.37 | $0.67 | x |
| 2024-12-31 | $0.40 | $0.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Quorum Information Technologies 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): 8.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.37%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.43x
- Recent ROE (8.58%) is above the historical average (-4.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -2.54% | -1.02% | 1.87x | 1.32x | $-399.29K |
| 2003 | -11.94% | -13.95% | 0.75x | 1.15x | $-1.03 Million |
| 2004 | -12.56% | -27.03% | 0.43x | 1.07x | $-1.88 Million |
| 2005 | -23.70% | -38.01% | 0.57x | 1.10x | $-3.12 Million |
| 2006 | -28.64% | -49.39% | 0.51x | 1.13x | $-4.95 Million |
| 2007 | -13.02% | -23.91% | 0.50x | 1.09x | $-3.45 Million |
| 2008 | -4.19% | -7.40% | 0.48x | 1.18x | $-2.12 Million |
| 2009 | 1.55% | 3.25% | 0.41x | 1.16x | $-1.29 Million |
| 2010 | 0.61% | 1.24% | 0.47x | 1.06x | $-1.45 Million |
| 2011 | 2.66% | 4.29% | 0.57x | 1.08x | $-914.67K |
| 2012 | -0.53% | -0.86% | 0.57x | 1.08x | $-1.30 Million |
| 2013 | 2.31% | 3.69% | 0.58x | 1.08x | $-982.23K |
| 2014 | 1.43% | 2.09% | 0.62x | 1.10x | $-1.15 Million |
| 2015 | 2.60% | 4.20% | 0.57x | 1.08x | $-1.29 Million |
| 2016 | 2.73% | 4.05% | 0.62x | 1.09x | $-1.31 Million |
| 2017 | 2.51% | 3.72% | 0.61x | 1.10x | $-1.42 Million |
| 2018 | -3.07% | -4.32% | 0.45x | 1.59x | $-3.03 Million |
| 2019 | -3.56% | -3.37% | 0.66x | 1.61x | $-4.22 Million |
| 2020 | -6.19% | -6.03% | 0.62x | 1.65x | $-4.86 Million |
| 2021 | -9.76% | -7.52% | 0.80x | 1.63x | $-5.49 Million |
| 2022 | -5.32% | -3.64% | 0.82x | 1.77x | $-4.07 Million |
| 2023 | 0.86% | 0.58% | 0.88x | 1.69x | $-2.47 Million |
| 2024 | 8.58% | 6.37% | 0.94x | 1.43x | $-419.99K |
Industry Comparison
This section compares Quorum Information Technologies Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Quorum Information Technologies Inc (QIFTF) | $30.32 Million | -2.54% | 0.35x | $24.59 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |