Torque Lifestyle Brands Inc
Torque Lifestyle Brands, Inc. develops, manufactures, and markets nutritional supplements for the sports industry in the United States. The company was formerly known as Commodore International Corp. and changed its name to Torque Lifestyle Brands, Inc. in August 2020. The company is headquartered in Wheat Ridge, Colorado.
Torque Lifestyle Brands Inc (TQLB) - Net Assets
Latest net assets as of September 2024: $5.48K USD
Based on the latest financial reports, Torque Lifestyle Brands Inc (TQLB) has net assets worth $5.48K USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.51K) and total liabilities ($24.03K). 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 | $5.48K |
| % of Total Assets | 18.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 310.75 |
Torque Lifestyle Brands Inc - Net Assets Trend (2018–2023)
This chart illustrates how Torque Lifestyle Brands 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 Torque Lifestyle Brands Inc (2018–2023)
The table below shows the annual net assets of Torque Lifestyle Brands Inc from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-10.53K | +94.11% |
| 2022-12-31 | $-178.56K | -453.45% |
| 2021-12-31 | $50.52K | +168.05% |
| 2018-12-31 | $18.85K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Torque Lifestyle Brands 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 600359200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $915.21K | % |
| Other Comprehensive Income | $-915.21K | % |
| Other Components | $6.01 Million | % |
| Total Equity | $-10.53K | 100.00% |
Torque Lifestyle Brands Inc Competitors by Market Cap
The table below lists competitors of Torque Lifestyle Brands Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Empire East Land Holdings Inc
PSE:ELI
|
$17.20 |
|
Tian'an Pharmaceutical Co Ltd
PINK:TNPH
|
$17.24 |
|
Oxford Technology 2 Venture Capital Trust PLC
LSE:OT1
|
$17.31 |
|
Tigere Real Estate Investment Trust
XZIM:TIG
|
$17.39 |
|
Rokeby Resources Limited
AU:RKB
|
$17.02 |
|
RAINBOW TOURISM GROUP LIMITED
XZIM:RTG
|
$17.02 |
|
Omico Corp
PSE:OM
|
$16.89 |
|
AVVAA World Health Care Products Inc
PINK:AVVH
|
$16.78 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Torque Lifestyle Brands Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -178,565 to -10,526, a change of 168,039.
- Net loss of 1,278,571 reduced equity.
- Other comprehensive income decreased equity by 630,259.
- Other factors increased equity by 2,076,869.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.28 Million | -12146.79% |
| Other Comprehensive Income | $-630.26K | -5987.64% |
| Other Changes | $2.08 Million | +19730.85% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Torque Lifestyle Brands 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 |
|---|---|---|---|
| 2018-12-31 | $0.02 | $0.00 | x |
| 2019-12-31 | $0.00 | $0.00 | x |
| 2021-12-31 | $0.00 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Torque Lifestyle Brands 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: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-58.85 |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.90 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-699.30K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.28 Million |
Industry Comparison
This section compares Torque Lifestyle Brands Inc's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Torque Lifestyle Brands Inc (TQLB) | $5.48K | 0.00% | 4.38x | $17.06 |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |