TreeCon Resources Inc
TreeCon Resources, Inc., through its subsidiaries, distributes, leases, and finances industrial and logging equipment in the United States. It is also involved in sawmill operations; and producing water-based fluids for the oil and gas industry. The company was formerly known as Overhill Corporation. TreeCon Resources, Inc. was incorporated in 1963 and is based in Lufkin, Texas.
TreeCon Resources Inc (TCOR) - Net Assets
Latest net assets as of June 2013: $20.01K USD
Based on the latest financial reports, TreeCon Resources Inc (TCOR) has net assets worth $20.01K USD as of June 2013.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($40.66K) and total liabilities ($20.65K). 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 | $20.01K |
| % of Total Assets | 49.21% |
| Annual Growth Rate | 7.29% |
| 5-Year Change | 73.41% |
| 10-Year Change | 12156.97% |
| Growth Volatility | 508.89 |
TreeCon Resources Inc - Net Assets Trend (1985–2023)
This chart illustrates how TreeCon Resources 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 TreeCon Resources Inc (1985–2023)
The table below shows the annual net assets of TreeCon Resources Inc from 1985 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $56.50 Million | +8.71% |
| 2022-09-30 | $51.97 Million | +24.37% |
| 2021-09-30 | $41.79 Million | +17.08% |
| 2020-09-30 | $35.69 Million | +9.54% |
| 2019-09-30 | $32.58 Million | -5.32% |
| 2018-09-30 | $34.41 Million | +7.97% |
| 2017-09-30 | $31.87 Million | +9.83% |
| 2016-09-30 | $29.02 Million | +130.39% |
| 2008-09-30 | $12.59 Million | +2632.45% |
| 2003-09-30 | $460.93K | -84.97% |
| 2002-09-30 | $3.07 Million | -61.89% |
| 2001-09-30 | $8.05 Million | -11.69% |
| 2000-09-30 | $9.11 Million | +67.21% |
| 1999-09-30 | $5.45 Million | -30.13% |
| 1998-09-30 | $7.80 Million | +5.41% |
| 1997-09-30 | $7.40 Million | -70.63% |
| 1996-09-30 | $25.20 Million | +15.60% |
| 1995-09-30 | $21.80 Million | +52.45% |
| 1994-09-30 | $14.30 Million | +95.89% |
| 1993-09-30 | $7.30 Million | +265.00% |
| 1992-09-30 | $2.00 Million | +5.26% |
| 1991-09-30 | $1.90 Million | +2000.00% |
| 1990-09-30 | $-100.00K | -104.55% |
| 1989-09-30 | $2.20 Million | -51.11% |
| 1988-09-30 | $4.50 Million | -13.46% |
| 1987-09-30 | $5.20 Million | -10.34% |
| 1986-09-30 | $5.80 Million | +48.72% |
| 1985-09-30 | $3.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TreeCon Resources 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 grown by 1893.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $21.92 Million | 44.43% |
| Common Stock | $226.16K | 0.46% |
| Other Components | $27.19 Million | 55.11% |
| Total Equity | $49.34 Million | 100.00% |
TreeCon Resources Inc Competitors by Market Cap
The table below lists competitors of TreeCon Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Baluchistan Wheels Ltd
KAR:BWHL
|
$5.75K |
|
Carlson Investments SA
WAR:CAI
|
$5.75K |
|
VAMO3F
SA:VAMO3F
|
$5.75K |
|
IVE
WAR:IVE
|
$5.76K |
|
TELECOM ITALIA (TQI.SG)
STU:TQI
|
$5.73K |
|
SIETEL 5% CUM PF
AU:SSLPA
|
$5.72K |
|
VINAFREIGHT
VN:VNF
|
$5.72K |
|
Accelera Innovations Inc
PINK:ACNV
|
$5.72K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TreeCon Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 45,765,503 to 49,341,445, a change of 3,575,942 (7.8%).
- Net income of 3,575,942 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.58 Million | +7.25% |
| Total Change | $- | 7.81% |
Book Value vs Market Value Analysis
This analysis compares TreeCon Resources 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: 0.29x
- 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 increased from 0.13x to 0.29x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-09-30 | $4.81 | $0.63 | x |
| 1986-09-30 | $4.64 | $0.63 | x |
| 1987-09-30 | $3.47 | $0.63 | x |
| 1988-09-30 | $2.82 | $0.63 | x |
| 1989-09-30 | $1.41 | $0.63 | x |
| 1990-09-30 | $-0.06 | $0.63 | x |
| 1991-09-30 | $1.18 | $0.63 | x |
| 1992-09-30 | $0.78 | $0.63 | x |
| 1993-09-30 | $2.32 | $0.63 | x |
| 1994-09-30 | $3.15 | $0.63 | x |
| 1995-09-30 | $1.72 | $0.63 | x |
| 1996-09-30 | $1.89 | $0.63 | x |
| 1997-09-30 | $0.54 | $0.63 | x |
| 1998-09-30 | $0.59 | $0.63 | x |
| 1999-09-30 | $0.32 | $0.63 | x |
| 2000-09-30 | $0.50 | $0.63 | x |
| 2001-09-30 | $0.45 | $0.63 | x |
| 2002-09-30 | $0.16 | $0.63 | x |
| 2003-09-30 | $0.02 | $0.63 | x |
| 2008-09-30 | $0.00 | $0.63 | x |
| 2016-09-30 | $1.01 | $0.63 | x |
| 2017-09-30 | $1.00 | $0.63 | x |
| 2018-09-30 | $1.16 | $0.63 | x |
| 2019-09-30 | $1.08 | $0.63 | x |
| 2020-09-30 | $1.39 | $0.63 | x |
| 2021-09-30 | $1.63 | $0.63 | x |
| 2022-09-30 | $2.02 | $0.63 | x |
| 2023-09-30 | $2.18 | $0.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TreeCon Resources 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): 7.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.35%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.58x
- Recent ROE (7.25%) is above the historical average (-39.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 15.38% | 5.56% | 0.91x | 3.05x | $210.00K |
| 1986 | 3.45% | 1.45% | 1.05x | 2.26x | $-380.00K |
| 1987 | -17.31% | -8.41% | 0.92x | 2.23x | $-1.42 Million |
| 1988 | -24.44% | -10.28% | 1.07x | 2.22x | $-1.55 Million |
| 1989 | -104.55% | -24.73% | 1.12x | 3.77x | $-2.52 Million |
| 1990 | 0.00% | -33.96% | 1.02x | 0.00x | $-1.79 Million |
| 1991 | 26.32% | 6.58% | 1.41x | 2.84x | $310.00K |
| 1992 | -45.00% | -16.07% | 1.44x | 1.95x | $-1.10 Million |
| 1993 | 15.07% | 15.07% | 0.81x | 1.23x | $370.00K |
| 1994 | -6.99% | -4.00% | 0.66x | 2.66x | $-2.43 Million |
| 1995 | 15.14% | 3.24% | 1.16x | 4.05x | $1.12 Million |
| 1996 | -0.79% | -0.13% | 1.59x | 3.74x | $-2.72 Million |
| 1997 | -254.05% | -12.67% | 2.06x | 9.74x | $-19.54 Million |
| 1998 | -3.85% | -0.21% | 1.75x | 10.36x | $-1.08 Million |
| 1999 | -29.32% | -3.49% | 0.67x | 12.50x | $-2.14 Million |
| 2000 | 41.93% | 8.67% | 0.63x | 7.63x | $2.91 Million |
| 2001 | -13.44% | -2.50% | 0.66x | 8.10x | $-1.89 Million |
| 2002 | -162.37% | -12.87% | 0.70x | 17.94x | $-5.29 Million |
| 2003 | -631.98% | -7.05% | 1.45x | 61.95x | $-2.96 Million |
| 2008 | 22.10% | 5.51% | 1.39x | 2.89x | $1.52 Million |
| 2016 | 2.47% | 0.84% | 1.23x | 2.39x | $-2.02 Million |
| 2017 | 2.30% | 0.96% | 1.13x | 2.12x | $-2.27 Million |
| 2018 | 5.71% | 1.96% | 1.37x | 2.12x | $-1.35 Million |
| 2019 | 2.31% | 0.78% | 1.44x | 2.06x | $-2.26 Million |
| 2020 | 6.75% | 2.77% | 1.48x | 1.65x | $-1.02 Million |
| 2021 | 14.69% | 6.40% | 1.68x | 1.37x | $1.73 Million |
| 2022 | 19.38% | 9.97% | 1.56x | 1.25x | $4.29 Million |
| 2023 | 7.25% | 4.35% | 1.05x | 1.58x | $-1.36 Million |
Industry Comparison
This section compares TreeCon Resources Inc's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $321,698,694
- Average return on equity (ROE) among peers: 5.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TreeCon Resources Inc (TCOR) | $20.01K | 15.38% | 1.03x | $5.73K |
| Acadian Timber Corp (ACAZF) | $182.19 Million | 3.98% | 0.63x | $105.02 Million |
| Accsys Technologies PLC (ACSYF) | $41.13 Million | -20.08% | 0.30x | $87.44 Million |
| Arma Services Inc (ARMV) | $262.71K | -3.68% | 0.16x | $2.45K |
| Boise Cascad Llc (BCC) | $2.15 Billion | 17.49% | 0.57x | $2.67 Billion |
| Biomass Secure Power Inc (BMSPF) | $-2.95 Million | 0.00% | 0.00x | $171.40K |
| Blue Star Opportunities Corp (BSTO) | $5.97 Million | 4.18% | 0.15x | $127.34 |
| Canfor Corporation (CFPZF) | $678.90 Million | -8.38% | 2.00x | $526.98 Million |
| Conifex Timber Inc (CFXTF) | $116.33 Million | 8.21% | 0.95x | $2.04 Million |
| China Bozza Development Holdings Limited (CHBOF) | $46.72 Million | 48.61% | 3.40x | $1.30 Million |
| EcoLogix Resource Group Inc (EXRG) | $-2.83 Million | 0.00% | 0.00x | $0.93 |