Tattooed Chef Inc.
Tattooed Chef, Inc., a plant-based food company, produces and sells a portfolio of frozen foods. It supplies plant-based products to retailers in the United States. The company offers varieties of frozen bowls, veggie blends, and vegetables. Tattooed Chef, Inc. is headquartered in Paramount, California. On July 2, 2023, Tattooed Chef, Inc. filed a voluntary petition for reorganization under Chapt… Read more
Tattooed Chef Inc. (TTCFQ) - Net Assets
Latest net assets as of March 2023: $70.61 Million USD
Based on the latest financial reports, Tattooed Chef Inc. (TTCFQ) has net assets worth $70.61 Million USD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($190.30 Million) and total liabilities ($119.69 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 | $70.61 Million |
| % of Total Assets | 37.1% |
| Annual Growth Rate | -18.02% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.9 |
Tattooed Chef Inc. - Net Assets Trend (2018–2022)
This chart illustrates how Tattooed Chef 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 Tattooed Chef Inc. (2018–2022)
The table below shows the annual net assets of Tattooed Chef Inc. from 2018 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $88.60 Million | -59.54% |
| 2021-12-31 | $219.00 Million | -6.13% |
| 2020-12-31 | $233.30 Million | +17.55% |
| 2019-12-31 | $198.47 Million | +1.20% |
| 2018-12-31 | $196.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tattooed Chef 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 15342.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.00K | 0.01% |
| Other Comprehensive Income | $-1.67 Million | -1.89% |
| Other Components | $254.19 Million | 287.73% |
| Total Equity | $88.34 Million | 100.00% |
Tattooed Chef Inc. Competitors by Market Cap
The table below lists competitors of Tattooed Chef Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Construction Bank Corp Class H
TW:00939
|
$4.73K |
|
VBX Ltd
AU:VBX
|
$4.73K |
|
Oncodesign Precision Medicine
PA:ALOPM
|
$4.73K |
|
Earth Gen-Biofuel Inc
PINK:EGBB
|
$4.74K |
|
Rapid-Line Inc.
OTCGREY:RPDL
|
$4.73K |
|
Karam Ceramics Limited
KAR:KCL
|
$4.72K |
|
Real Messenger Corporation Ordinary Shares
NASDAQ:RMSG
|
$4.72K |
|
HUABAO INTL
MU:CEY2
|
$4.72K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tattooed Chef Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 218,997,000 to 88,342,000, a change of -130,655,000 (-59.7%).
- Net loss of 141,752,000 reduced equity.
- Dividend payments of 320,000 reduced retained earnings.
- Other comprehensive income decreased equity by 721,000.
- Other factors increased equity by 12,138,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-141.75 Million | -160.46% |
| Dividends Paid | $320.00K | -0.36% |
| Other Comprehensive Income | $-721.00K | -0.82% |
| Other Changes | $12.14 Million | +13.74% |
| Total Change | $- | -59.66% |
Book Value vs Market Value Analysis
This analysis compares Tattooed Chef 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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $7.64 | $0.00 | x |
| 2019-12-31 | $7.75 | $0.00 | x |
| 2020-12-31 | $5.82 | $0.00 | x |
| 2021-12-31 | $2.68 | $0.00 | x |
| 2022-12-31 | $1.07 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tattooed Chef 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): -160.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -61.38%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.44x
- Recent ROE (-160.46%) is below the historical average (-33.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.55% | 0.00% | 0.00x | 1.04x | $-18.53 Million |
| 2019 | 1.18% | 2.77% | 0.41x | 1.04x | $-17.50 Million |
| 2020 | 29.27% | 45.99% | 0.55x | 1.16x | $44.96 Million |
| 2021 | -39.71% | -41.81% | 0.76x | 1.24x | $-108.86 Million |
| 2022 | -160.46% | -61.38% | 1.07x | 2.44x | $-150.59 Million |
Industry Comparison
This section compares Tattooed Chef 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 |
|---|---|---|---|---|
| Tattooed Chef Inc. (TTCFQ) | $70.61 Million | 0.55% | 1.70x | $4.73K |
| 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 |