Tix Corp
Tix Corporation, through its subsidiary, operates as an entertainment company in the United States and internationally. The company provides discount ticketing and discount dinner reservations services. It offers discount tickets under short-term, exclusive, and nonexclusive agreements in Las Vegas at a discount of up to 50 percent for same day shows, concerts, attractions, and tours, as well as … Read more
Tix Corp (TIXC) - Net Assets
Latest net assets as of March 2021: $-3.04 Million USD
Based on the latest financial reports, Tix Corp (TIXC) has net assets worth $-3.04 Million USD as of March 2021.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.86 Million) and total liabilities ($5.90 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 | $-3.04 Million |
| % of Total Assets | -106.04% |
| Annual Growth Rate | N/A |
| 5-Year Change | -112.99% |
| 10-Year Change | -132.61% |
| Growth Volatility | 3390.73 |
Tix Corp - Net Assets Trend (2000–2020)
This chart illustrates how Tix Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tix Corp (2000–2020)
The table below shows the annual net assets of Tix Corp from 2000 to 2020.
| Year | Net Assets | Change |
|---|---|---|
| 2020-12-31 | $-2.44 Million | -210.53% |
| 2019-12-31 | $2.21 Million | -56.62% |
| 2018-12-31 | $5.10 Million | -59.42% |
| 2017-12-31 | $12.57 Million | -33.23% |
| 2016-12-31 | $18.82 Million | -7.00% |
| 2015-12-31 | $20.24 Million | +231.34% |
| 2014-12-31 | $6.11 Million | +284.63% |
| 2013-12-31 | $1.59 Million | -83.83% |
| 2012-12-31 | $9.82 Million | +31.03% |
| 2011-12-31 | $7.50 Million | -32.51% |
| 2010-12-31 | $11.11 Million | -47.43% |
| 2009-12-31 | $21.13 Million | -4.82% |
| 2008-12-31 | $22.20 Million | -57.10% |
| 2007-12-31 | $51.75 Million | +13625.73% |
| 2006-12-31 | $377.00K | +115.71% |
| 2005-12-31 | $-2.40 Million | -19.29% |
| 2004-12-31 | $-2.01 Million | -65.11% |
| 2003-12-31 | $-1.22 Million | -140.71% |
| 2002-12-31 | $-506.00K | -2400.00% |
| 2001-12-31 | $22.00K | -96.42% |
| 2000-12-31 | $615.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tix Corp'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 7225900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2020)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.72 Million | % |
| Other Comprehensive Income | $69.81 Million | % |
| Total Equity | $-2.44 Million | 100.00% |
Tix Corp Competitors by Market Cap
The table below lists competitors of Tix Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Imalliance SA
PA:MLIML
|
$1.46K |
|
Functional Brands, Inc. Common Stock
NASDAQ:MEHA
|
$1.46K |
|
TURNSTAR HOLDINGS LIMITED
XBOT:TURN-EQU
|
$1.46K |
|
Flying Cement Co Ltd
KAR:FLYNG
|
$1.46K |
|
METALS EXPLORATION
BE:MJ4
|
$1.46K |
|
CREO MEDICAL GRP LS-001
F:1RC
|
$1.46K |
|
TECIL Chemicals and Hydro Power Limited
NSE:TECILCHEM
|
$1.46K |
|
Banpu PCL
MU:NVAC
|
$1.46K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tix Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2019 to 2020, total equity changed from 2,212,000 to -2,445,000, a change of -4,657,000 (-210.5%).
- Net loss of 4,716,000 reduced equity.
- Share repurchases of 3,000 reduced equity.
- Other comprehensive income increased equity by 59,000.
- Other factors increased equity by 3,000.
Equity Change Factors (2019 to 2020)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.72 Million | -192.88% |
| Share Repurchases | $3.00K | -0.12% |
| Other Comprehensive Income | $59.00K | +2.41% |
| Other Changes | $3.00K | +0.12% |
| Total Change | $- | -210.53% |
Book Value vs Market Value Analysis
This analysis compares Tix Corp'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 |
|---|---|---|---|
| 2013-12-31 | $76.12 | $0.00 | x |
| 2014-12-31 | $331.69 | $0.00 | x |
| 2015-12-31 | $1125.15 | $0.00 | x |
| 2016-12-31 | $1069.80 | $0.00 | x |
| 2017-12-31 | $724.60 | $0.00 | x |
| 2018-12-31 | $294.03 | $0.00 | x |
| 2019-12-31 | $127.57 | $0.00 | x |
| 2020-12-31 | $-141.03 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tix Corp 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: -240.98%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-3.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 10.34% | 0.72% | 2.05x | 6.98x | $1.30K |
| 2011 | 0.39% | 0.08% | 2.11x | 2.18x | $-720.70K |
| 2012 | 14.00% | 5.65% | 1.64x | 1.51x | $392.70K |
| 2013 | 99.12% | 7.10% | 2.74x | 5.09x | $1.42 Million |
| 2014 | 67.91% | 18.28% | 2.43x | 1.53x | $3.54 Million |
| 2015 | 82.97% | 71.70% | 1.00x | 1.16x | $14.77 Million |
| 2016 | 10.11% | 8.91% | 1.00x | 1.14x | $20.90K |
| 2017 | -37.30% | -26.94% | 1.24x | 1.12x | $-5.94 Million |
| 2018 | -148.60% | -58.42% | 2.06x | 1.24x | $-8.09 Million |
| 2019 | -134.40% | -23.32% | 2.07x | 2.78x | $-3.19 Million |
| 2020 | 0.00% | -240.98% | 0.60x | 0.00x | $-4.47 Million |
Industry Comparison
This section compares Tix Corp's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $279,082,657
- Average return on equity (ROE) among peers: 2.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tix Corp (TIXC) | $-3.04 Million | 10.34% | N/A | $1.46K |
| AB International Group Corp (ABQQ) | $1.46 Million | 37.15% | 0.61x | $405.91 |
| AI Era Corp. (ABQQD) | $1.46 Million | 37.15% | 0.61x | $81.38K |
| Color Star Technology Co. Ltd. (ADD) | $21.13 Million | -74.81% | 3.52x | $63.13K |
| Alliance Entertainment Holding Corporation Class A Common Stock (AENT) | $52.92 Million | 10.13% | 4.23x | $21.40 Million |
| All For One Media Corp (AFOM) | $-10.61 Million | 0.00% | 0.00x | $324.00 |
| Allied Gaming & Entertainment Inc. (AGAE) | $93.41 Million | -3.68% | 0.20x | $5.14 Million |
| Passat Société Anonyme (ALXIL) | $12.12 Million | 11.75% | 2.57x | $6.89 Million |
| AMC Entertainment Holdings Inc (AMC) | $1.51 Billion | 4.24% | 2.15x | $536.31 Million |
| AMC Networks Inc (AMCX) | $1.11 Billion | 0.69% | 4.09x | $205.70 Million |
| American Films Inc (AMFL) | $-1.27 Million | 0.00% | 0.00x | $728.75 |