Joyce Corporation Ltd
Joyce Corporation Ltd retails kitchen and wardrobe products in Australia. It owns and operates Bedshed retail stores; and franchises Bedshed retail bedding stores. The company also operates kitchen and wardrobe showrooms under the Kitchen Connection and Wallspan brand names. Joyce Corporation Ltd was founded in 1886 and is based in Perth, Australia.
Joyce Corporation Ltd (JYC) - Net Assets
Latest net assets as of June 2025: AU$40.02 Million AUD
Based on the latest financial reports, Joyce Corporation Ltd (JYC) has net assets worth AU$40.02 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$97.57 Million) and total liabilities (AU$57.55 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 | AU$40.02 Million |
| % of Total Assets | 41.02% |
| Annual Growth Rate | 2.31% |
| 5-Year Change | 50.22% |
| 10-Year Change | 53.97% |
| Growth Volatility | 18.7 |
Joyce Corporation Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Joyce Corporation Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Joyce Corporation Ltd (1989–2025)
The table below shows the annual net assets of Joyce Corporation Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$40.02 Million | +3.09% |
| 2024-06-30 | AU$38.82 Million | +2.78% |
| 2023-06-30 | AU$37.77 Million | +6.43% |
| 2022-06-30 | AU$35.49 Million | +33.22% |
| 2021-06-30 | AU$26.64 Million | +23.03% |
| 2020-06-30 | AU$21.65 Million | -17.41% |
| 2019-06-30 | AU$26.22 Million | -6.73% |
| 2018-06-30 | AU$28.11 Million | +6.12% |
| 2017-06-30 | AU$26.49 Million | +1.91% |
| 2016-06-30 | AU$25.99 Million | -1.74% |
| 2015-06-30 | AU$26.45 Million | +16.37% |
| 2014-06-30 | AU$22.73 Million | +2.70% |
| 2013-06-30 | AU$22.13 Million | -0.81% |
| 2012-06-30 | AU$22.31 Million | +24.53% |
| 2011-06-30 | AU$17.92 Million | +14.19% |
| 2010-06-30 | AU$15.69 Million | -35.28% |
| 2009-06-30 | AU$24.24 Million | -8.47% |
| 2008-06-30 | AU$26.49 Million | +4.17% |
| 2007-06-30 | AU$25.43 Million | -4.54% |
| 2006-06-30 | AU$26.63 Million | +54.23% |
| 2005-06-30 | AU$17.27 Million | +12.62% |
| 2004-06-30 | AU$15.33 Million | +9.42% |
| 2003-06-30 | AU$14.01 Million | +17.59% |
| 2002-06-30 | AU$11.92 Million | +14.78% |
| 2001-06-30 | AU$10.38 Million | -59.30% |
| 2000-06-30 | AU$25.51 Million | -1.73% |
| 1999-06-30 | AU$25.96 Million | +7.08% |
| 1998-06-30 | AU$24.24 Million | +0.97% |
| 1997-06-30 | AU$24.01 Million | +15.34% |
| 1996-06-30 | AU$20.82 Million | +5.31% |
| 1995-06-30 | AU$19.77 Million | +5.07% |
| 1994-06-30 | AU$18.81 Million | +16.42% |
| 1993-06-30 | AU$16.16 Million | +10.77% |
| 1992-06-30 | AU$14.59 Million | +12.86% |
| 1991-06-30 | AU$12.93 Million | -25.09% |
| 1990-06-30 | AU$17.25 Million | -1.95% |
| 1989-06-30 | AU$17.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Joyce Corporation Ltd'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 grown by 337.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$10.08 Million | 29.04% |
| Common Stock | AU$21.94 Million | 63.22% |
| Other Comprehensive Income | AU$2.69 Million | 7.74% |
| Total Equity | AU$34.71 Million | 100.00% |
Joyce Corporation Ltd Competitors by Market Cap
The table below lists competitors of Joyce Corporation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AFC Gamma Inc
NASDAQ:AFCG
|
$40.49 Million |
|
DKSH Holdings Malaysia Berhad
KLSE:5908
|
$40.52 Million |
|
DLP Resources Inc
OTCQB:DLPRF
|
$40.52 Million |
|
Huikwang
TWO:6508
|
$40.53 Million |
|
Payton Planar Magnetics Ltd
BR:PAY
|
$40.49 Million |
|
Hong Leong Capital Bhd
KLSE:5274
|
$40.48 Million |
|
Ambika Cotton Mills Limited
NSE:AMBIKCO
|
$40.48 Million |
|
Gentian Diagnostics AS
OL:GENT
|
$40.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Joyce Corporation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 34,551,000 to 34,708,000, a change of 157,000 (0.5%).
- Net income of 7,347,000 contributed positively to equity growth.
- Dividend payments of 15,816,000 reduced retained earnings.
- Other comprehensive income increased equity by 931,000.
- Other factors increased equity by 7,695,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$7.35 Million | +21.17% |
| Dividends Paid | AU$15.82 Million | -45.57% |
| Other Comprehensive Income | AU$931.00K | +2.68% |
| Other Changes | AU$7.70 Million | +22.17% |
| Total Change | AU$- | 0.45% |
Book Value vs Market Value Analysis
This analysis compares Joyce Corporation Ltd'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: 4.84x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.85x to 4.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.64 | AU$5.64 | x |
| 1990-06-30 | AU$0.62 | AU$5.64 | x |
| 1991-06-30 | AU$0.47 | AU$5.64 | x |
| 1992-06-30 | AU$1.13 | AU$5.64 | x |
| 1993-06-30 | AU$1.19 | AU$5.64 | x |
| 1994-06-30 | AU$1.25 | AU$5.64 | x |
| 1995-06-30 | AU$1.16 | AU$5.64 | x |
| 1996-06-30 | AU$1.18 | AU$5.64 | x |
| 1997-06-30 | AU$1.30 | AU$5.64 | x |
| 1998-06-30 | AU$1.28 | AU$5.64 | x |
| 1999-06-30 | AU$1.37 | AU$5.64 | x |
| 2000-06-30 | AU$1.34 | AU$5.64 | x |
| 2001-06-30 | AU$0.55 | AU$5.64 | x |
| 2002-06-30 | AU$0.63 | AU$5.64 | x |
| 2003-06-30 | AU$0.73 | AU$5.64 | x |
| 2004-06-30 | AU$0.74 | AU$5.64 | x |
| 2005-06-30 | AU$0.83 | AU$5.64 | x |
| 2006-06-30 | AU$1.28 | AU$5.64 | x |
| 2007-06-30 | AU$1.23 | AU$5.64 | x |
| 2008-06-30 | AU$1.28 | AU$5.64 | x |
| 2009-06-30 | AU$1.17 | AU$5.64 | x |
| 2010-06-30 | AU$0.77 | AU$5.64 | x |
| 2011-06-30 | AU$0.88 | AU$5.64 | x |
| 2012-06-30 | AU$0.90 | AU$5.64 | x |
| 2013-06-30 | AU$0.79 | AU$5.64 | x |
| 2014-06-30 | AU$0.81 | AU$5.64 | x |
| 2015-06-30 | AU$0.93 | AU$5.64 | x |
| 2016-06-30 | AU$0.89 | AU$5.64 | x |
| 2017-06-30 | AU$0.88 | AU$5.64 | x |
| 2018-06-30 | AU$0.90 | AU$5.64 | x |
| 2019-06-30 | AU$0.83 | AU$5.64 | x |
| 2020-06-30 | AU$0.64 | AU$5.64 | x |
| 2021-06-30 | AU$0.82 | AU$5.64 | x |
| 2022-06-30 | AU$1.01 | AU$5.64 | x |
| 2023-06-30 | AU$1.15 | AU$5.64 | x |
| 2024-06-30 | AU$1.17 | AU$5.64 | x |
| 2025-06-30 | AU$1.17 | AU$5.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Joyce Corporation Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.96%
- • Asset Turnover: 1.52x
- • Equity Multiplier: 2.81x
- Recent ROE (21.17%) is above the historical average (4.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 4.01% | 0.60% | 1.65x | 4.06x | AU$-1.05 Million |
| 1990 | -4.93% | -0.79% | 1.77x | 3.50x | AU$-2.57 Million |
| 1991 | -18.72% | -3.08% | 1.54x | 3.96x | AU$-3.71 Million |
| 1992 | -1.18% | -0.22% | 1.49x | 3.64x | AU$-1.63 Million |
| 1993 | 6.23% | 1.25% | 1.45x | 3.43x | AU$-608.90K |
| 1994 | 4.81% | 1.04% | 1.47x | 3.13x | AU$-976.30K |
| 1995 | 10.70% | 2.29% | 1.55x | 3.02x | AU$138.40K |
| 1996 | 8.47% | 2.00% | 1.49x | 2.84x | AU$-319.50K |
| 1997 | 16.68% | 3.42% | 1.40x | 3.48x | AU$1.60 Million |
| 1998 | 12.41% | 0.00% | 0.00x | 3.25x | AU$584.80K |
| 1999 | 13.38% | 0.00% | 0.00x | 3.21x | AU$877.20K |
| 2000 | -0.16% | -0.03% | 1.56x | 3.44x | AU$-2.58 Million |
| 2001 | -137.91% | -10.94% | 1.60x | 7.87x | AU$-15.36 Million |
| 2002 | 12.80% | 2.11% | 1.83x | 3.32x | AU$334.20K |
| 2003 | 14.70% | 3.05% | 1.60x | 3.02x | AU$658.60K |
| 2004 | 15.30% | 3.65% | 1.60x | 2.63x | AU$812.60K |
| 2005 | 14.09% | 4.13% | 1.52x | 2.24x | AU$706.10K |
| 2006 | 16.71% | 195.48% | 0.06x | 1.39x | AU$1.79 Million |
| 2007 | 12.57% | 32.59% | 0.22x | 1.75x | AU$654.40K |
| 2008 | 7.80% | 13.63% | 0.29x | 1.96x | AU$-582.70K |
| 2009 | -5.49% | -4.93% | 0.59x | 1.87x | AU$-3.75 Million |
| 2010 | -51.92% | -37.05% | 0.49x | 2.83x | AU$-9.72 Million |
| 2011 | 16.26% | 13.52% | 0.64x | 1.88x | AU$1.12 Million |
| 2012 | 13.60% | 18.91% | 0.43x | 1.68x | AU$803.70K |
| 2013 | 3.02% | 4.57% | 0.39x | 1.69x | AU$-1.55 Million |
| 2014 | 6.91% | 12.40% | 0.35x | 1.61x | AU$-703.00K |
| 2015 | 17.24% | 14.58% | 0.67x | 1.77x | AU$1.88 Million |
| 2016 | 9.22% | 4.07% | 1.46x | 1.55x | AU$-195.40K |
| 2017 | 11.26% | 3.51% | 1.62x | 1.98x | AU$308.40K |
| 2018 | 13.50% | 3.70% | 1.69x | 2.16x | AU$876.50K |
| 2019 | 14.79% | 4.10% | 1.16x | 3.11x | AU$1.12 Million |
| 2020 | -15.35% | -3.15% | 1.44x | 3.37x | AU$-4.56 Million |
| 2021 | 32.88% | 6.81% | 1.61x | 3.01x | AU$5.27 Million |
| 2022 | 31.85% | 7.04% | 1.50x | 3.02x | AU$6.23 Million |
| 2023 | 24.06% | 5.48% | 1.67x | 2.62x | AU$4.64 Million |
| 2024 | 25.65% | 6.09% | 1.57x | 2.69x | AU$5.41 Million |
| 2025 | 21.17% | 4.96% | 1.52x | 2.81x | AU$3.88 Million |
Industry Comparison
This section compares Joyce Corporation Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $170,987,578
- Average return on equity (ROE) among peers: 55.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joyce Corporation Ltd (JYC) | AU$40.02 Million | 4.01% | 1.44x | $40.49 Million |
| Adore Beauty Group Ltd (ABY) | $15.36 Million | -8.00% | 1.58x | $16.96 Million |
| Adairs Ltd (ADH) | $140.57 Million | 25.10% | 1.77x | $157.74 Million |
| Bapcor Ltd (BAP) | $722.19 Million | 13.43% | 0.87x | $107.46 Million |
| Baby Bunting Group Ltd (BBN) | $92.72 Million | 8.99% | 0.32x | $116.98 Million |
| Beacon Lighting Group Ltd (BLX) | $38.20 Million | 30.88% | 1.01x | $106.16 Million |
| Cash Converters International (CCV) | $261.70 Million | -8.21% | 0.69x | $64.44 Million |
| Dusk Group Ltd (DSK) | $37.50 Million | 11.38% | 1.34x | $25.59 Million |
| JB Hi-Fi Ltd (JBH) | $229.25 Million | 41.19% | 1.89x | $5.14 Billion |
| Lovisa Holdings Ltd (LOV) | $1.39 Million | 386.86% | 14.64x | $822.49 Million |