Thresher Industries Inc
Thresher Industries, Inc. engages in the production and sale of aluminum and metal matrix composite alloy castings. Its products include permanent mold castings; and metal matrix composite products in various states of finish, including outside processes, such as x-ray, machined, and painted. The company also offers engineering support, design, and prototype development services, as well as propr… Read more
Thresher Industries Inc (THRR) - Net Assets
Latest net assets as of June 2011: $-3.28 Million USD
Based on the latest financial reports, Thresher Industries Inc (THRR) has net assets worth $-3.28 Million USD as of June 2011.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($436.55K) and total liabilities ($3.71 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 | $-3.28 Million |
| % of Total Assets | -750.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | -148.26% |
| 10-Year Change | N/A |
| Growth Volatility | 61.85 |
Thresher Industries Inc - Net Assets Trend (2004–2010)
This chart illustrates how Thresher Industries 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 Thresher Industries Inc (2004–2010)
The table below shows the annual net assets of Thresher Industries Inc from 2004 to 2010.
| Year | Net Assets | Change |
|---|---|---|
| 2010-12-31 | $-3.11 Million | -6.19% |
| 2009-12-31 | $-2.93 Million | -31.39% |
| 2008-12-31 | $-2.23 Million | -142.72% |
| 2007-12-31 | $5.22 Million | -19.02% |
| 2006-12-31 | $6.45 Million | +2279.75% |
| 2005-12-31 | $-296.00K | -383.05% |
| 2004-12-31 | $-61.28K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thresher Industries 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 1225556200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2010)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.59 Million | % |
| Other Components | $1.61 Million | % |
| Total Equity | $-3.11 Million | 100.00% |
Thresher Industries Inc Competitors by Market Cap
The table below lists competitors of Thresher Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunset Capital Assets Inc
PINK:SNST
|
$0.95 |
|
All World Resources Corporation
PINK:AWRS
|
$0.96 |
|
ICOA Inc
PINK:ICOA
|
$0.96 |
|
On4 Communications Inc
PINK:ONCI
|
$0.96 |
|
Firma Holdings Corp
PINK:FRMA
|
$0.95 |
|
Herborium Group Inc
PINK:HBRM
|
$0.95 |
|
Perla Group International Inc
PINK:PERL
|
$0.95 |
|
Airborne Security & Protective Services Inc
PINK:ABPR
|
$0.95 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thresher Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2009 to 2010, total equity changed from -2,932,353 to -3,113,954, a change of -181,601.
- Net loss of 1,001,076 reduced equity.
- Other factors increased equity by 819,475.
Equity Change Factors (2009 to 2010)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.00 Million | -32.15% |
| Other Changes | $819.48K | +26.32% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Thresher Industries 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $286759.47 | $0.00 | x |
| 2007-12-31 | $2604.51 | $0.00 | x |
| 2008-12-31 | $-90.13 | $0.00 | x |
| 2009-12-31 | $-0.28 | $0.00 | x |
| 2010-12-31 | $-0.13 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thresher Industries 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2817.08%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-6.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | -54.59% | 1.73x | 0.00x | $-55.42K |
| 2005 | 0.00% | -119.88% | 0.96x | 0.00x | $-205.12K |
| 2006 | -13.04% | -122.64% | 0.09x | 1.20x | $-1.49 Million |
| 2007 | -29.35% | -1063.25% | 0.02x | 1.37x | $-2.06 Million |
| 2008 | 0.00% | -3099.11% | 0.51x | 0.00x | $-7.23 Million |
| 2009 | 0.00% | -368.83% | 0.64x | 0.00x | $-895.09K |
| 2010 | 0.00% | -2817.08% | 0.09x | 0.00x | $-689.68K |
Industry Comparison
This section compares Thresher Industries Inc's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $945,108,837
- Average return on equity (ROE) among peers: -0.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thresher Industries Inc (THRR) | $-3.28 Million | 0.00% | N/A | $0.95 |
| ADF Group Inc (ADFJF) | $91.43 Million | -1.70% | 0.17x | $70.84 Million |
| Aurubis AG (AIAGF) | $2.37 Billion | 14.83% | 0.84x | $2.34 Billion |
| American Metal & Technology Inc (AMGY) | $-2.25 Million | 0.00% | 0.00x | $0.95 |
| Ampco-Pittsburgh Corporation (AP) | $149.83 Million | -53.27% | 2.78x | $96.27 Million |
| Allegheny Technologies Incorporated (ATI) | $2.09 Billion | 1.52% | 1.08x | $19.84 Billion |
| NV Bekaert SA (BEKSF) | $2.17 Billion | 11.76% | 0.88x | $1.30 Billion |
| CompoSecure, Inc. (CMPO) | $-192.55 Million | 0.00% | 0.00x | $1.63 Billion |
| Carpenter Technology Corporation (CRS) | $239.10 Million | 15.18% | 2.05x | $18.51 Billion |
| Cymat Technologies Ltd (CYMHF) | $-612.07K | 0.00% | 0.00x | $6.74 Million |
| ESAB Corp (ESAB) | $2.54 Billion | 6.19% | 0.33x | $5.64 Billion |