Wireless Xcessories Group Inc
Wireless Xcessories Group, Inc. designs, manufactures, and distributes accessories for cellular phones primarily in the United States. It offers batteries; and hands free devices, and car and travel chargers, as well as various carrying cases. The company sells its products to dealers and distributors through an in-house sales force, as well as through its Website, wirexgroup.com. Wireless Xcesso… Read more
Wireless Xcessories Group Inc (WIRX) - Net Assets
Latest net assets as of December 2014: $7.40K USD
Based on the latest financial reports, Wireless Xcessories Group Inc (WIRX) has net assets worth $7.40K USD as of December 2014.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.49K) and total liabilities ($7.09K). 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 | $7.40K |
| % of Total Assets | 51.05% |
| Annual Growth Rate | -32.4% |
| 5-Year Change | -99.91% |
| 10-Year Change | -99.88% |
| Growth Volatility | 31.68 |
Wireless Xcessories Group Inc - Net Assets Trend (1996–2014)
This chart illustrates how Wireless Xcessories Group 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 Wireless Xcessories Group Inc (1996–2014)
The table below shows the annual net assets of Wireless Xcessories Group Inc from 1996 to 2014.
| Year | Net Assets | Change |
|---|---|---|
| 2014-12-31 | $7.40K | -12.73% |
| 2013-12-31 | $8.48K | -99.90% |
| 2012-12-31 | $8.36 Million | +7.60% |
| 2011-12-31 | $7.77 Million | -0.82% |
| 2010-12-31 | $7.83 Million | -2.82% |
| 2009-12-31 | $8.06 Million | +8.49% |
| 2008-12-31 | $7.43 Million | -1.58% |
| 2007-12-31 | $7.55 Million | +6.68% |
| 2006-12-31 | $7.07 Million | +14.61% |
| 2005-12-31 | $6.17 Million | +52.34% |
| 2004-12-31 | $4.05 Million | +20.67% |
| 2003-12-31 | $3.36 Million | -5.13% |
| 2002-12-31 | $3.54 Million | -14.45% |
| 2001-12-31 | $4.14 Million | -41.66% |
| 2000-12-31 | $7.09 Million | +5.57% |
| 1999-12-31 | $6.72 Million | -30.74% |
| 1998-12-31 | $9.70 Million | -17.09% |
| 1997-12-31 | $11.70 Million | +37.65% |
| 1996-12-31 | $8.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wireless Xcessories Group 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 100.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2014)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.35 | 0.07% |
| Other Comprehensive Income | $-0.66 | -0.01% |
| Other Components | $10.33K | 140.34% |
| Total Equity | $7.36K | 100.00% |
Wireless Xcessories Group Inc Competitors by Market Cap
The table below lists competitors of Wireless Xcessories Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wanderport Corp
PINK:WDRP
|
$6.66 |
|
LFM Properties Corp.
PSE:LPC
|
$6.80 |
|
Coastal Capital Acq
PINK:CCAJ
|
$6.80 |
|
eWorld Companies Inc
PINK:EWRC
|
$6.81 |
|
Intl Star Inc
PINK:ILST
|
$6.59 |
|
Green Star Products
PINK:GSPI
|
$6.57 |
|
Sohm Inc.
PINK:SHMN
|
$6.56 |
|
Terax Energy Inc
PINK:TEXG
|
$6.44 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wireless Xcessories Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2013 to 2014, total equity changed from 8,438 to 7,364, a change of -1,074 (-12.7%).
- Net loss of 1,074 reduced equity.
- Other comprehensive income decreased equity by 0.
Equity Change Factors (2013 to 2014)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.07K | -14.58% |
| Other Comprehensive Income | $-0.47 | -0.01% |
| Other Changes | $-0.01 | -0.0% |
| Total Change | $- | -12.73% |
Book Value vs Market Value Analysis
This analysis compares Wireless Xcessories Group 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: 0.38x
- 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.
- The price-to-book ratio has increased from 0.00x to 0.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $1.87 | $0.00 | x |
| 1997-12-31 | $2.34 | $0.00 | x |
| 1998-12-31 | $2.08 | $0.00 | x |
| 1999-12-31 | $1.33 | $0.00 | x |
| 2000-12-31 | $1.44 | $0.00 | x |
| 2001-12-31 | $0.79 | $0.00 | x |
| 2002-12-31 | $0.72 | $0.00 | x |
| 2003-12-31 | $0.70 | $0.00 | x |
| 2004-12-31 | $0.85 | $0.00 | x |
| 2005-12-31 | $1.32 | $0.00 | x |
| 2006-12-31 | $1.53 | $0.00 | x |
| 2007-12-31 | $1.65 | $0.00 | x |
| 2013-12-31 | $0.00 | $0.00 | x |
| 2014-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wireless Xcessories Group 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): -14.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.10%
- • Asset Turnover: 2.39x
- • Equity Multiplier: 1.97x
- Recent ROE (-14.58%) is below the historical average (-3.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 5.88% | 1.95% | 2.20x | 1.38x | $-350.00K |
| 1997 | 5.13% | 1.11% | 1.89x | 2.44x | $-570.00K |
| 1998 | -21.65% | -4.08% | 2.10x | 2.53x | $-3.07 Million |
| 1999 | -51.18% | -10.86% | 1.90x | 2.48x | $-4.11 Million |
| 2000 | 3.48% | 0.82% | 2.11x | 2.01x | $-462.64K |
| 2001 | -70.63% | -13.99% | 2.89x | 1.74x | $-3.34 Million |
| 2002 | -15.29% | -3.85% | 2.95x | 1.35x | $-895.13K |
| 2003 | -4.88% | -1.43% | 2.64x | 1.29x | $-499.87K |
| 2004 | 24.89% | 6.59% | 2.89x | 1.31x | $603.19K |
| 2005 | 32.93% | 9.22% | 3.01x | 1.19x | $1.42 Million |
| 2006 | 16.81% | 5.20% | 2.85x | 1.13x | $482.04K |
| 2007 | 6.42% | 2.15% | 2.65x | 1.12x | $-269.93K |
| 2008 | 1.39% | 0.43% | 2.86x | 1.14x | $-639.80K |
| 2009 | 11.28% | 5.07% | 2.00x | 1.11x | $103.10K |
| 2011 | 1.69% | 0.59% | 2.18x | 1.32x | $-645.48K |
| 2012 | 6.94% | 1.44% | 3.26x | 1.48x | $-255.90K |
| 2013 | -0.96% | -0.23% | 3.55x | 1.20x | $-925.02 |
| 2014 | -14.58% | -3.10% | 2.39x | 1.97x | $-1.81K |
Industry Comparison
This section compares Wireless Xcessories Group Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wireless Xcessories Group Inc (WIRX) | $7.40K | 5.88% | 0.96x | $6.61 |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |