Tuesday Morning Corporation
Tuesday Morning Corporation operates as an off-price retailer in the United States. It offers outdoor and patio furniture, shades and structures, outdoor décor, grills and outdoor cooking products; skincare, haircare, makeup, bath and body, wellness, fragrance, and other beauty products; furniture; bedding, bathroom towels, bathroom accessories, and curtains; mattresses; and home decor products. … Read more
Tuesday Morning Corporation (TUEMQ) - Net Assets
Latest net assets as of September 2022: $5.83 Million USD
Based on the latest financial reports, Tuesday Morning Corporation (TUEMQ) has net assets worth $5.83 Million USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($340.83 Million) and total liabilities ($335.00 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 | $5.83 Million |
| % of Total Assets | 1.71% |
| Annual Growth Rate | 65.52% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 504.45 |
Tuesday Morning Corporation - Net Assets Trend (2020–2022)
This chart illustrates how Tuesday Morning Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tuesday Morning Corporation (2020–2022)
The table below shows the annual net assets of Tuesday Morning Corporation from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-06-30 | $18.99 Million | -73.56% |
| 2021-06-30 | $71.80 Million | +935.34% |
| 2020-06-30 | $6.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tuesday Morning Corporation'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 5602100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $859.00K | 4.52% |
| Other Components | $304.88 Million | 1605.72% |
| Total Equity | $18.99 Million | 100.00% |
Tuesday Morning Corporation Competitors by Market Cap
The table below lists competitors of Tuesday Morning Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Secure Logistics Gro
KAR:SLGL
|
$525.24 |
|
Union Jack Oil plc
LSE:UJO
|
$526.07 |
|
Dillistone Group PLC
LSE:DSG
|
$527.90 |
|
BlackRock Latin American Investment Trust plc
LSE:BRLA
|
$528.02 |
|
Livento Group Inc.
NASDAQ:NUGND
|
$523.85 |
|
STANDARD CHARTERED BANK ZAMBIA PLC
LUSE:SCBL
|
$522.87 |
|
Fast Finance 24 Holding AG
XETRA:FF24
|
$521.99 |
|
Brighton Pier Group PLC
LSE:PIER
|
$521.72 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tuesday Morning Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 71,801,000 to 18,987,000, a change of -52,814,000 (-73.6%).
- Net loss of 59,003,000 reduced equity.
- Share repurchases of 5,000,000 reduced equity.
- Other factors increased equity by 11,189,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-59.00 Million | -310.75% |
| Share Repurchases | $5.00 Million | -26.33% |
| Other Changes | $11.19 Million | +58.93% |
| Total Change | $- | -73.56% |
Book Value vs Market Value Analysis
This analysis compares Tuesday Morning Corporation'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 |
|---|---|---|---|
| 2020-06-30 | $4.44 | $0.00 | x |
| 2021-06-30 | $34.92 | $0.00 | x |
| 2022-06-30 | $6.71 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tuesday Morning Corporation 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): -310.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.87%
- • Asset Turnover: 2.12x
- • Equity Multiplier: 18.65x
- Recent ROE (-310.75%) is above the historical average (-901.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -2398.39% | -19.01% | 1.73x | 72.88x | $-167.02 Million |
| 2021 | 4.15% | 0.43% | 1.65x | 5.82x | $-4.20 Million |
| 2022 | -310.75% | -7.87% | 2.12x | 18.65x | $-60.90 Million |
Industry Comparison
This section compares Tuesday Morning Corporation's net assets metrics with peer companies in the Discount Stores industry.
Industry Context
- Industry: Discount Stores
- Average net assets among peers: $1,684,648,642
- Average return on equity (ROE) among peers: 47.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tuesday Morning Corporation (TUEMQ) | $5.83 Million | -2398.39% | 57.43x | $523.89 |
| Big Lots, Inc. (BIGGQ) | $1.30 Billion | 7.39% | 0.47x | $11.88K |
| BJs Wholesale Club Holdings Inc (BJ) | $-202.08 Million | 0.00% | 0.00x | $12.58 Billion |
| B&M European Value Retail S.A (BMRPF) | $733.00 Million | 58.39% | 3.58x | $2.35 Billion |
| Costco Wholesale Corp (COST) | $12.57 Billion | 11.63% | 1.13x | $434.25 Billion |
| Dollar General Corporation (DG) | $108.80 Million | 3.95% | 1.14x | $27.35 Billion |
| Distribuidora Internacional de Alimentación S.A (DIDAF) | $313.23 Million | 95.53% | 9.99x | $2.58 Million |
| Dollarama Inc (DLMAF) | $380.85 Million | 265.32% | 12.82x | $29.23 Billion |
| Dollar Tree Inc (DLTR) | $988.40 Million | 20.37% | 0.81x | $20.82 Billion |
| Labwire Inc (LBWR) | $-25.57K | 0.00% | 0.00x | $4.42K |
| Ollie's Bargain Outlet Hldg (OLLI) | $651.26 Million | 9.18% | 0.60x | $6.36 Billion |