Tech Central Inc
Tech Central, Inc. engages in online video and photography content development and distribution businesses. The company is also involved in Website and mobile app technology integration design and development activities. Its content services include video shoots, photography, photo shoots, video and photography editing, voiceover, and Ad copywriting. In addition, the company offers CBD product li… Read more
Tech Central Inc (TCHC) - Net Assets
Latest net assets as of September 2019: $-680.83K USD
Based on the latest financial reports, Tech Central Inc (TCHC) has net assets worth $-680.83K USD as of September 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($229.54K) and total liabilities ($910.37K). 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 | $-680.83K |
| % of Total Assets | -296.61% |
| Annual Growth Rate | 208.56% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3872.98 |
Tech Central Inc - Net Assets Trend (2014–2018)
This chart illustrates how Tech Central 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 Tech Central Inc (2014–2018)
The table below shows the annual net assets of Tech Central Inc from 2014 to 2018.
| Year | Net Assets | Change |
|---|---|---|
| 2018-12-31 | $99.07K | +281.60% |
| 2017-12-31 | $25.96K | -74.65% |
| 2016-12-31 | $102.41K | +2.87% |
| 2015-12-31 | $99.56K | +9008.97% |
| 2014-12-31 | $1.09K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tech Central 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 63069600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2018)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $18.84K | 19.01% |
| Other Comprehensive Income | $173.95K | 175.58% |
| Other Components | $541.99K | 547.06% |
| Total Equity | $99.07K | 100.00% |
Tech Central Inc Competitors by Market Cap
The table below lists competitors of Tech Central Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACON Holding Inc.
TWO:3710
|
$1.88K |
|
GRDV
PINK:GRDV
|
$1.88K |
|
REGAL PET
BE:RHN
|
$1.88K |
|
Elio Motors Inc
PINK:ELIO
|
$1.88K |
|
LIVE MOTION GAMES ZY -10
F:4YM
|
$1.87K |
|
PhilWeb Corp
PSE:WEB
|
$1.87K |
|
NexGen Mining Incorporated
PINK:NXGM
|
$1.87K |
|
BATM ADVANCED COMM
BE:BAV
|
$1.87K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tech Central Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2017 to 2018, total equity changed from 25,962 to 99,072, a change of 73,110 (281.6%).
- Net loss of 600,840 reduced equity.
- New share issuances of 30,000 increased equity.
- Other comprehensive income increased equity by 173,950.
- Other factors increased equity by 470,000.
Equity Change Factors (2017 to 2018)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-600.84K | -606.47% |
| Share Issuances | $30.00K | +30.28% |
| Other Comprehensive Income | $173.95K | +175.58% |
| Other Changes | $470.00K | +474.4% |
| Total Change | $- | 281.60% |
Book Value vs Market Value Analysis
This analysis compares Tech Central 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: 0.03x
- 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.
- The price-to-book ratio has decreased from 1.30x to 0.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.00 | $0.00 | x |
| 2015-12-31 | $0.01 | $0.00 | x |
| 2016-12-31 | $0.01 | $0.00 | x |
| 2017-12-31 | $0.00 | $0.00 | x |
| 2018-12-31 | $0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tech Central 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): -606.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1542.59%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.06x
- Recent ROE (-606.47%) is below the historical average (-308.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -687.19% | -25.04% | 142.86x | 0.19x | $-7.62K |
| 2015 | 43.94% | 36.91% | 0.98x | 1.22x | $33.79K |
| 2016 | 2.79% | 2.99% | 0.86x | 1.08x | $-7.39K |
| 2017 | -294.48% | -194.78% | 1.37x | 1.10x | $-79.05K |
| 2018 | -606.47% | -1542.59% | 0.37x | 1.06x | $-610.75K |
Industry Comparison
This section compares Tech Central Inc's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $265,814,216
- Average return on equity (ROE) among peers: -33.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tech Central Inc (TCHC) | $-680.83K | -687.19% | N/A | $1.87K |
| AB International Group Corp (ABQQ) | $-6.78K | 0.00% | 0.00x | $405.91 |
| AI Era Corp. (ABQQD) | $4.02 Million | -54.05% | 0.45x | $87.52K |
| Color Star Technology Co. Ltd. (ADD) | $6.59 Million | -176.41% | 0.08x | $63.13K |
| Alliance Entertainment Holding Corporation Class A Common Stock (AENT) | $108.93 Million | 26.27% | 3.34x | $22.03 Million |
| All For One Media Corp (AFOM) | $-17.59 Million | 0.00% | 0.00x | $324.00 |
| Allied Gaming & Entertainment Inc. (AGAE) | $33.41 Million | -134.88% | 0.85x | $4.97 Million |
| AMC Entertainment Holdings Inc (AMC) | $1.51 Billion | 24.17% | 2.35x | $567.86 Million |
| AMC Networks Inc (AMCX) | $1.01 Billion | 8.82% | 2.88x | $212.42 Million |
| American Films Inc (AMFL) | $2.16 Million | -24.68% | 1.32x | $753.71 |
| Amcomri Entertainment Inc (AMNNF) | $-586.53K | 0.00% | 0.00x | $6.48K |