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Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. PARTS iD's tangible book value per share for the quarter that ended in Sep. 2023 was $-0.96.
Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
The historical data trend for PARTS iD's Tangible Book per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PARTS iD Annual Data | |||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | |||||
Tangible Book per Share | -0.28 | -0.39 | -0.41 | -0.80 |
PARTS iD Quarterly Data | ||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Tangible Book per Share | Get a 7-Day Free Trial | -0.65 | -0.80 | -0.94 | -1.01 | -0.96 |
For the Auto Parts subindustry, PARTS iD's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Vehicles & Parts industry and Consumer Cyclical sector, PARTS iD's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where PARTS iD's Price-to-Tangible-Book falls into.
PARTS iD's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2022 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (-27.495 | - | 0 | - | 0.263) | / | 34.826 | |
= | -0.80 |
PARTS iD's Tangible Book Value Per Share for the quarter that ended in Sep. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (-36.329 | - | 0 | - | 0.013) | / | 37.8389 | |
= | -0.96 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
PARTS iD (OTCPK:IDICQ) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Thank you for viewing the detailed overview of PARTS iD's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Eugene Kovshilovsky | officer: Chief Technology Officer | C/O PARTS ID, INC., 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512 |
Sanjiv Gomes | officer: Chief Information Officer | 16941 KEEGAN AVENUE, CARSON CA 90746 |
James Doss | officer: Chief Financial Officer | 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512 |
Kailas Agrawal | officer: Chief Financial Officer | 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512 |
Mark Atwater | officer: VP of Vendor Relations | 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512 |
Antonino Ciappina | officer: Chief Executive Officer | 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512 |
Lev Peker | director | US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746 |
Aditya Jha | director | 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512 |
Pendleton Brian John Jr. | officer: See remarks | 1308 RACE STREET, SUITE 200, CINCINNATI OH 45202 |
Edwin Rigaud | director | 3639 VINEYARD PLACE, CINCINNATI OH 45226 |
Ajay Roy | officer: Chief Operating Officer | 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512 |
Rahul Petkar | director | 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512 |
Roman Gerashenko | 10 percent owner | 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512 |
Stanislav Royzenshteyn | 10 percent owner | 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512 |
Ann M. Schwister | director | 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512 |
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