Technical Communications
Technical Communications Corporation engages in the design, development, manufacture, distribution, marketing, and sale of communications security devices, systems, and services worldwide. The company primarily provides data, video, fax, and voice networks. Its products include government systems, such as CSD 3324 SE secure telephone, fax, and data system; CSD 3324 SP telephone and fax system; DS… Read more
Technical Communications (TCCO) - Net Assets
Latest net assets as of September 2023: $-3.58 Million USD
Based on the latest financial reports, Technical Communications (TCCO) has net assets worth $-3.58 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 ($2.34 Million) and total liabilities ($5.92 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 | $-3.58 Million |
| % of Total Assets | -153.14% |
| Annual Growth Rate | N/A |
| 5-Year Change | -199.44% |
| 10-Year Change | -139.5% |
| Growth Volatility | 114.78 |
Technical Communications - Net Assets Trend (1985–2023)
This chart illustrates how Technical Communications's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Technical Communications (1985–2023)
The table below shows the annual net assets of Technical Communications from 1985 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $-3.58 Million | -85.10% |
| 2022-09-30 | $-1.94 Million | -660.87% |
| 2021-09-30 | $345.00K | -74.71% |
| 2020-09-30 | $1.36 Million | -62.12% |
| 2019-09-30 | $3.60 Million | +134.95% |
| 2018-09-30 | $1.53 Million | -56.20% |
| 2017-09-30 | $3.50 Million | -28.77% |
| 2016-09-30 | $4.91 Million | -33.35% |
| 2015-09-30 | $7.37 Million | -18.69% |
| 2014-09-30 | $9.07 Million | -20.61% |
| 2013-09-30 | $11.42 Million | -5.81% |
| 2012-09-30 | $12.13 Million | -9.72% |
| 2011-09-30 | $13.43 Million | +15.95% |
| 2010-09-30 | $11.59 Million | +72.59% |
| 2009-09-30 | $6.71 Million | +18.23% |
| 2008-09-30 | $5.68 Million | +35.56% |
| 2007-09-30 | $4.19 Million | +29.68% |
| 2006-09-30 | $3.23 Million | -2.59% |
| 2005-09-30 | $3.32 Million | -0.27% |
| 2004-09-30 | $3.32 Million | +52.27% |
| 2003-09-30 | $2.18 Million | +26.49% |
| 2002-09-30 | $1.73 Million | -35.52% |
| 2001-09-30 | $2.68 Million | -63.23% |
| 2000-09-30 | $7.28 Million | -18.20% |
| 1999-09-30 | $8.90 Million | -15.24% |
| 1998-09-30 | $10.50 Million | +10.53% |
| 1997-09-30 | $9.50 Million | -9.52% |
| 1996-09-30 | $10.50 Million | +8.25% |
| 1995-09-30 | $9.70 Million | +4.30% |
| 1994-09-30 | $9.30 Million | +4.49% |
| 1993-09-30 | $8.90 Million | +4.71% |
| 1992-09-30 | $8.50 Million | +23.19% |
| 1991-09-30 | $6.90 Million | +9.52% |
| 1990-09-30 | $6.30 Million | +6.78% |
| 1989-09-30 | $5.90 Million | +51.28% |
| 1988-09-30 | $3.90 Million | +62.50% |
| 1987-09-30 | $2.40 Million | +4.35% |
| 1986-09-30 | $2.30 Million | -34.29% |
| 1985-09-30 | $3.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Technical Communications'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 489.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $185.44K | % |
| Other Components | $4.40 Million | % |
| Total Equity | $-3.58 Million | 100.00% |
Technical Communications Competitors by Market Cap
The table below lists competitors of Technical Communications ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solar Innovation SA
WAR:SIN
|
$150.87 |
|
Daya Materials Bhd
KLSE:0091
|
$151.23 |
|
HPI AG
MU:CEW3
|
$151.31 |
|
Cemex Holdings Philippines Inc
PSE:CHP
|
$151.78 |
|
Beco Steel Ltd
KAR:BECO
|
$150.42 |
|
RED STAR EXPRESS PLC
XNSA:REDSTAREX
|
$150.13 |
|
Onward Opportunities Ltd
LSE:ONWD
|
$149.84 |
|
TIANJIN JIN.PUB.U.H YC-10
F:TL6
|
$149.83 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Technical Communications's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -1,935,000 to -3,581,763, a change of -1,646,763.
- Net loss of 1,684,817 reduced equity.
- Other factors increased equity by 38,054.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.68 Million | -47.04% |
| Other Changes | $38.05K | +1.06% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Technical Communications'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-09-30 | $3.38 | $0.00 | x |
| 1986-09-30 | $1.90 | $0.00 | x |
| 1987-09-30 | $1.98 | $0.00 | x |
| 1988-09-30 | $3.06 | $0.00 | x |
| 1989-09-30 | $4.78 | $0.00 | x |
| 1990-09-30 | $5.25 | $0.00 | x |
| 1991-09-30 | $5.48 | $0.00 | x |
| 1992-09-30 | $6.67 | $0.00 | x |
| 1993-09-30 | $6.23 | $0.00 | x |
| 1994-09-30 | $8.37 | $0.00 | x |
| 1995-09-30 | $6.79 | $0.00 | x |
| 1996-09-30 | $8.35 | $0.00 | x |
| 1997-09-30 | $7.76 | $0.00 | x |
| 1998-09-30 | $8.15 | $0.00 | x |
| 1999-09-30 | $7.04 | $0.00 | x |
| 2000-09-30 | $5.65 | $0.00 | x |
| 2001-09-30 | $2.04 | $0.00 | x |
| 2002-09-30 | $1.30 | $0.00 | x |
| 2003-09-30 | $1.63 | $0.00 | x |
| 2004-09-30 | $2.19 | $0.00 | x |
| 2005-09-30 | $2.44 | $0.00 | x |
| 2006-09-30 | $2.36 | $0.00 | x |
| 2007-09-30 | $2.73 | $0.00 | x |
| 2008-09-30 | $3.38 | $0.00 | x |
| 2009-09-30 | $4.11 | $0.00 | x |
| 2010-09-30 | $6.38 | $0.00 | x |
| 2011-09-30 | $7.17 | $0.00 | x |
| 2012-09-30 | $6.63 | $0.00 | x |
| 2013-09-30 | $6.24 | $0.00 | x |
| 2014-09-30 | $4.91 | $0.00 | x |
| 2015-09-30 | $4.01 | $0.00 | x |
| 2016-09-30 | $2.67 | $0.00 | x |
| 2017-09-30 | $1.91 | $0.00 | x |
| 2018-09-30 | $0.83 | $0.00 | x |
| 2019-09-30 | $1.95 | $0.00 | x |
| 2020-09-30 | $0.74 | $0.00 | x |
| 2021-09-30 | $0.19 | $0.00 | x |
| 2022-09-30 | $-1.04 | $0.00 | x |
| 2023-09-30 | $-1.93 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Technical Communications 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -97.80%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-15.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 8.57% | 5.66% | 1.10x | 1.37x | $-50.00K |
| 1986 | -52.17% | -46.15% | 0.81x | 1.39x | $-1.43 Million |
| 1987 | 4.17% | 3.03% | 1.03x | 1.33x | $-140.00K |
| 1988 | 33.33% | 12.50% | 1.32x | 2.03x | $910.00K |
| 1989 | 33.90% | 14.93% | 1.22x | 1.86x | $1.41 Million |
| 1990 | 23.81% | 13.27% | 1.04x | 1.73x | $870.00K |
| 1991 | 23.19% | 12.80% | 0.99x | 1.83x | $910.00K |
| 1992 | 15.29% | 8.97% | 1.08x | 1.58x | $450.00K |
| 1993 | 1.12% | 1.03% | 0.81x | 1.35x | $-790.00K |
| 1994 | 1.08% | 1.10% | 0.75x | 1.30x | $-830.00K |
| 1995 | 1.03% | 0.98% | 0.67x | 1.58x | $-870.00K |
| 1996 | 4.76% | 3.57% | 0.88x | 1.52x | $-550.00K |
| 1997 | -12.63% | -9.76% | 0.98x | 1.32x | $-2.15 Million |
| 1998 | 4.76% | 3.60% | 0.86x | 1.54x | $-550.00K |
| 1999 | -13.48% | -18.75% | 0.60x | 1.20x | $-2.09 Million |
| 2000 | -23.90% | -31.22% | 0.66x | 1.15x | $-2.47 Million |
| 2001 | -174.17% | -109.33% | 1.17x | 1.37x | $-4.93 Million |
| 2002 | -55.73% | -25.88% | 1.54x | 1.40x | $-1.13 Million |
| 2003 | 20.91% | 11.27% | 1.46x | 1.27x | $238.17K |
| 2004 | 34.12% | 23.26% | 1.20x | 1.22x | $801.81K |
| 2005 | -0.89% | -0.80% | 0.98x | 1.15x | $-361.18K |
| 2006 | -2.92% | -2.42% | 1.04x | 1.16x | $-417.16K |
| 2007 | 20.21% | 17.20% | 0.95x | 1.23x | $427.64K |
| 2008 | 18.68% | 15.48% | 1.02x | 1.18x | $493.04K |
| 2009 | 14.05% | 12.16% | 0.83x | 1.39x | $271.54K |
| 2010 | 67.92% | 36.51% | 1.45x | 1.28x | $6.71 Million |
| 2011 | 16.89% | 18.75% | 0.82x | 1.10x | $926.09K |
| 2012 | -6.93% | -10.36% | 0.63x | 1.06x | $-2.05 Million |
| 2013 | -6.25% | -11.42% | 0.51x | 1.08x | $-1.86 Million |
| 2014 | -28.29% | -41.78% | 0.63x | 1.08x | $-3.47 Million |
| 2015 | -24.71% | -30.66% | 0.74x | 1.09x | $-2.56 Million |
| 2016 | -50.31% | -97.98% | 0.46x | 1.11x | $-2.96 Million |
| 2017 | -40.83% | -33.95% | 1.07x | 1.12x | $-1.78 Million |
| 2018 | -96.51% | -40.15% | 0.90x | 2.68x | $-1.63 Million |
| 2019 | 2.92% | 1.98% | 1.29x | 1.14x | $-255.20K |
| 2020 | -66.71% | -22.16% | 1.25x | 2.40x | $-1.05 Million |
| 2021 | -311.21% | -57.54% | 0.81x | 6.72x | $-1.11 Million |
| 2022 | 0.00% | -178.77% | 0.67x | 0.00x | $-2.14 Million |
| 2023 | 0.00% | -97.80% | 0.74x | 0.00x | $-1.33 Million |
Industry Comparison
This section compares Technical Communications's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $2,312,188,609
- Average return on equity (ROE) among peers: -680.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Technical Communications (TCCO) | $-3.58 Million | 8.57% | N/A | $150.75 |
| AAC Technologies Holdings Inc (AACAY) | $22.20 Billion | 3.70% | 0.82x | $4.55 Billion |
| Applied Opt (AAOI) | $329.09 Million | -0.65% | 0.42x | $2.97 Billion |
| Ability Inc (ABILF) | $-16.49 Million | 0.00% | 0.00x | $544.32 |
| ADTRAN Inc (ADTN) | $435.96 Million | 17.97% | 0.24x | $829.20 Million |
| ADVA Optical Networking SE (ADVOF) | $177.11 Million | 4.73% | 0.83x | $243.68 Million |
| Airgain Inc (AIRG) | $39.83 Million | -21.74% | 0.45x | $41.06 Million |
| Aerkomm Inc (AKOM) | $362.00 | -6799.17% | 1.10x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $26.68 Million | -9.24% | 0.18x | $47.28 Million |
| Actelis Networks Inc. (ASNS) | $-8.81 Million | 0.00% | 0.00x | $382.43K |