The Singing Machine Company Inc. Common Stock
The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; mic… Read more
The Singing Machine Company Inc. Common Stock (MICS) - Total Assets
Latest total assets as of June 2024: $12.37 Million USD
Based on the latest financial reports, The Singing Machine Company Inc. Common Stock (MICS) holds total assets worth $12.37 Million USD as of June 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
The Singing Machine Company Inc. Common Stock - Total Assets Trend (1996–2024)
This chart illustrates how The Singing Machine Company Inc. Common Stock’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
The Singing Machine Company Inc. Common Stock - Asset Composition Analysis
Current Asset Composition (March 2024)
The Singing Machine Company Inc. Common Stock's total assets of $12.37 Million consist of 83.7% current assets and 16.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 24.2% |
| Accounts Receivable | $7.58 Million | 27.3% |
| Inventory | $6.87 Million | 24.8% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1996–2024)
This chart illustrates how The Singing Machine Company Inc. Common Stock's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: The Singing Machine Company Inc. Common Stock's current assets represent 83.7% of total assets in 2024, an increase from 50.1% in 1996.
- Cash Position: Cash and equivalents constituted 24.2% of total assets in 2024, up from 0.0% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 41.0% in 1996.
- Asset Diversification: The largest asset category is accounts receivable at 27.3% of total assets.
The Singing Machine Company Inc. Common Stock Competitors by Total Assets
Key competitors of The Singing Machine Company Inc. Common Stock based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Konka Group Co Ltd
SHE:000016
|
China | CN¥29.21 Billion |
|
Tianma Microelectronics Co Ltd
SHE:000050
|
China | CN¥77.26 Billion |
|
Guangdong Goworld Co Ltd
SHE:000823
|
China | CN¥8.51 Billion |
|
Soyea Technology Co Ltd
SHE:000909
|
China | CN¥2.35 Billion |
|
Guangdong AVCiT Tech Hldg Co
SHE:001229
|
China | CN¥1.04 Billion |
|
Emdoor Information Co. Ltd. A
SHE:001314
|
China | CN¥3.90 Billion |
|
Hengdian Group DMEGC Magnetics Co Ltd
SHE:002056
|
China | CN¥25.63 Billion |
|
Goertek Inc
SHE:002241
|
China | CN¥94.82 Billion |
The Singing Machine Company Inc. Common Stock - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - The Singing Machine Company Inc. Common Stock generates 1.40x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - The Singing Machine Company Inc. Common Stock is currently not profitable relative to its asset base.
The Singing Machine Company Inc. Common Stock - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.30 | 2.62 | 2.94 |
| Quick Ratio | 0.54 | 0.63 | 1.30 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.69 Million | $ 8.64 Million | $ 7.14 Million |
The Singing Machine Company Inc. Common Stock - Advanced Valuation Insights
This section examines the relationship between The Singing Machine Company Inc. Common Stock's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.25 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | 66.5% |
| Total Assets | $27.71 Million |
| Market Capitalization | $1.82 Million USD |
Valuation Analysis
Below Book Valuation: The market values The Singing Machine Company Inc. Common Stock's assets below their book value (0.07 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: The Singing Machine Company Inc. Common Stock's assets grew by 66.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for The Singing Machine Company Inc. Common Stock (1996–2024)
The table below shows the annual total assets of The Singing Machine Company Inc. Common Stock from 1996 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-03-31 | $27.71 Million | +66.47% |
| 2023-03-31 | $16.65 Million | -26.55% |
| 2022-03-31 | $22.67 Million | +35.22% |
| 2021-03-31 | $16.76 Million | +0.97% |
| 2020-03-31 | $16.60 Million | +36.15% |
| 2019-03-31 | $12.19 Million | -3.75% |
| 2018-03-31 | $12.67 Million | +8.87% |
| 2017-03-31 | $11.64 Million | +11.23% |
| 2016-03-31 | $10.46 Million | -14.35% |
| 2015-03-31 | $12.21 Million | +4.12% |
| 2014-03-31 | $11.73 Million | +21.86% |
| 2013-03-31 | $9.63 Million | +67.91% |
| 2012-03-31 | $5.73 Million | +3.71% |
| 2011-03-31 | $5.53 Million | -2.84% |
| 2010-03-31 | $5.69 Million | -31.66% |
| 2009-03-31 | $8.33 Million | +15.06% |
| 2008-03-31 | $7.24 Million | +27.90% |
| 2007-03-31 | $5.66 Million | +25.05% |
| 2006-03-31 | $4.52 Million | -41.00% |
| 2005-03-31 | $7.67 Million | -48.05% |
| 2004-03-31 | $14.76 Million | -62.09% |
| 2003-03-31 | $38.94 Million | +79.72% |
| 2002-03-31 | $21.66 Million | +106.14% |
| 2001-03-31 | $10.51 Million | +141.77% |
| 2000-03-31 | $4.35 Million | +299.86% |
| 1999-03-31 | $1.09 Million | -41.01% |
| 1997-03-31 | $1.84 Million | -65.03% |
| 1996-03-31 | $5.27 Million | -- |