Third Millennium Industries Inc
Tele Group Corp., a development stage Web 2.0 software company, develops Internet properties and applications primarily in the United States. The company offers a range of search, display, and interactive advertising products to reach and engage targeted consumers. Its products under development consist of NeXplore Search, a search engine, featuring a graphical user interface to allow the user to… Read more
Third Millennium Industries Inc (TMLL) - Net Assets
Latest net assets as of March 2024: $714.00 USD
Based on the latest financial reports, Third Millennium Industries Inc (TMLL) has net assets worth $714.00 USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.40K) and total liabilities ($1.69K). 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 | $714.00 |
| % of Total Assets | 29.76% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Third Millennium Industries Inc - Net Assets Trend (2010–2024)
This chart illustrates how Third Millennium 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 Third Millennium Industries Inc (2010–2024)
The table below shows the annual net assets of Third Millennium Industries Inc from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $714.00 | +100.02% |
| 2010-06-30 | $-2.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Third Millennium 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 13278600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $624.00 | 87.39% |
| Other Comprehensive Income | $-624.00 | -87.39% |
| Other Components | $133.50K | 18697.48% |
| Total Equity | $714.00 | 100.00% |
Third Millennium Industries Inc Competitors by Market Cap
The table below lists competitors of Third Millennium Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gadoon Textile Mills Ltd
KAR:GADT
|
$9.25K |
|
Organic Agricultural Company Limited
PINK:OGAA
|
$9.27K |
|
Meganet Corp
PINK:MGNT
|
$9.28K |
|
Elaia Investment Spain Socimi SA
MC:YEIS
|
$9.29K |
|
ARC GROUP WORLDWIDE (ZZ7B.SG)
STU:ZZ7B
|
$9.24K |
|
FREEGOLD VENT
BE:FR4N
|
$9.23K |
|
Vietnam Construction JSC No. 3
VN:VC3
|
$9.22K |
|
CN LONGYUAN POWER-H (6WX.SG)
STU:6WX
|
$9.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Third Millennium Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2010 to 2024, total equity changed from -2,903,045 to 714, a change of 2,903,759.
- Net loss of 160,767 reduced equity.
- Other comprehensive income decreased equity by 624.
- Other factors increased equity by 3,065,150.
Equity Change Factors (2010 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-160.77K | -22516.39% |
| Other Comprehensive Income | $-624.00 | -87.39% |
| Other Changes | $3.07 Million | +429292.72% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Third Millennium 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
- Current price-to-book ratio: 87399.20x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-06-30 | $-7.25 | $1.00 | x |
| 2024-06-30 | $0.00 | $1.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Third Millennium 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): -22516.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.72%
- • Asset Turnover: 997.96x
- • Equity Multiplier: 3.36x
- Recent ROE (-22516.39%) is below the historical average (-11258.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 0.00% | -53563.49% | 0.03x | 0.00x | $-8.18 Million |
| 2024 | -22516.39% | -6.72% | 997.96x | 3.36x | $-160.84K |
Industry Comparison
This section compares Third Millennium Industries Inc's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Third Millennium Industries Inc (TMLL) | $714.00 | 0.00% | 2.36x | $9.24K |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |