Merchant House International Ltd (MHI) - Net Assets

Latest as of March 2025: AU$22.31 Million AUD ≈ $15.79 Million USD

Based on the latest financial reports, Merchant House International Ltd (MHI) has net assets worth AU$22.31 Million AUD (≈ $15.79 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$24.11 Million ≈ $17.06 Million USD) and total liabilities (AU$1.79 Million ≈ $1.27 Million USD). 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. Check Merchant House International Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$22.31 Million
% of Total Assets	92.55%
Annual Growth Rate	4.51%
5-Year Change	-14.88%
10-Year Change	-52.49%
Growth Volatility	25.37

Merchant House International Ltd - Net Assets Trend (1996–2025)

This chart illustrates how Merchant House International Ltd's net assets have evolved over time, based on quarterly financial data. Also explore MHI total assets for the complete picture of this company's asset base.

Annual Net Assets for Merchant House International Ltd (1996–2025)

The table below shows the annual net assets of Merchant House International Ltd from 1996 to 2025. For live valuation and market cap data, see MHI company net worth.

Year	Net Assets	Change
2025-03-31	AU$22.31 Million ≈ $15.79 Million	-21.21%
2024-03-31	AU$28.32 Million ≈ $20.03 Million	-18.57%
2023-03-31	AU$34.77 Million ≈ $24.60 Million	-11.06%
2022-03-31	AU$39.10 Million ≈ $27.66 Million	+49.16%
2021-03-31	AU$26.21 Million ≈ $18.55 Million	-38.10%
2020-03-31	AU$42.34 Million ≈ $29.96 Million	-14.10%
2019-03-31	AU$49.29 Million ≈ $34.88 Million	+0.90%
2018-03-31	AU$48.85 Million ≈ $34.56 Million	+2.51%
2017-03-31	AU$47.65 Million ≈ $33.72 Million	+1.48%
2016-03-31	AU$46.96 Million ≈ $33.23 Million	+3.01%
2015-03-31	AU$45.59 Million ≈ $32.25 Million	+14.81%
2014-03-31	AU$39.71 Million ≈ $28.09 Million	+42.13%
2013-03-31	AU$27.94 Million ≈ $19.77 Million	+6.14%
2012-03-31	AU$26.32 Million ≈ $18.62 Million	+14.48%
2011-03-31	AU$22.99 Million ≈ $16.27 Million	-3.85%
2010-03-31	AU$23.91 Million ≈ $16.92 Million	-18.06%
2009-03-31	AU$29.18 Million ≈ $20.65 Million	+48.47%
2008-03-31	AU$19.66 Million ≈ $13.91 Million	+0.72%
2007-03-31	AU$19.52 Million ≈ $13.81 Million	+4.24%
2006-03-31	AU$18.72 Million ≈ $13.25 Million	+29.25%
2005-03-31	AU$14.48 Million ≈ $10.25 Million	+12.37%
2004-03-31	AU$12.89 Million ≈ $9.12 Million	-8.26%
2003-03-31	AU$14.05 Million ≈ $9.94 Million	-0.08%
2002-03-31	AU$14.06 Million ≈ $9.95 Million	+7.90%
2001-03-31	AU$13.03 Million ≈ $9.22 Million	+79.79%
2000-03-31	AU$7.25 Million ≈ $5.13 Million	-10.57%
1999-03-31	AU$8.11 Million ≈ $5.73 Million	-9.30%
1998-03-31	AU$8.94 Million ≈ $6.32 Million	+43.78%
1996-03-31	AU$6.21 Million ≈ $4.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Merchant House International 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 382.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	AU$7.50 Million	33.63%
Common Stock	AU$2.94 Million	13.20%
Other Components	AU$11.86 Million	53.17%
Total Equity	AU$22.31 Million	100.00%

Merchant House International Ltd Competitors by Market Cap

The table below lists competitors of Merchant House International Ltd ranked by their market capitalization.

Company	Market Cap
Enjoy S.A SN:ENJOY	$10.01 Million
Adavale Resources Ltd AU:ADD	$10.01 Million
Baru Gold Corp V:BARU	$10.02 Million
ERWE Immobilien AG F:ERWE	$10.02 Million
Cazaly Resources Ltd AU:CAZ	$10.00 Million
SPOTLIGHT GROUP AB O.N. F:7T7	$10.00 Million
The Global Smaller Companies Trust Plc LSE:GSCT	$9.99 Million
FATFISH GROUP LTD. F:1JU	$9.99 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Merchant House International Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 28,315,000 to 22,310,000, a change of -6,005,000 (-21.2%).
Net loss of 14,022,000 reduced equity.
Other comprehensive income decreased equity by 13,277,000.
Other factors increased equity by 21,294,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-14.02 Million	-62.85%
Other Comprehensive Income	AU$-13.28 Million	-59.51%
Other Changes	AU$21.29 Million	+95.45%
Total Change	AU$-	-21.21%

Book Value vs Market Value Analysis

This analysis compares Merchant House International 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: 0.63x
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 decreased from 2.82x to 0.63x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1996-03-31	AU$0.05	AU$0.15	x
1997-03-31	AU$0.06	AU$0.15	x
1998-03-31	AU$0.08	AU$0.15	x
1999-03-31	AU$0.07	AU$0.15	x
2000-03-31	AU$0.07	AU$0.15	x
2001-03-31	AU$0.14	AU$0.15	x
2002-03-31	AU$0.15	AU$0.15	x
2003-03-31	AU$0.15	AU$0.15	x
2004-03-31	AU$0.14	AU$0.15	x
2005-03-31	AU$0.15	AU$0.15	x
2006-03-31	AU$0.20	AU$0.15	x
2007-03-31	AU$0.21	AU$0.15	x
2008-03-31	AU$0.21	AU$0.15	x
2009-03-31	AU$0.31	AU$0.15	x
2010-03-31	AU$0.26	AU$0.15	x
2011-03-31	AU$0.25	AU$0.15	x
2012-03-31	AU$0.28	AU$0.15	x
2013-03-31	AU$0.30	AU$0.15	x
2014-03-31	AU$0.42	AU$0.15	x
2015-03-31	AU$0.48	AU$0.15	x
2016-03-31	AU$0.50	AU$0.15	x
2017-03-31	AU$0.51	AU$0.15	x
2018-03-31	AU$0.52	AU$0.15	x
2019-03-31	AU$0.52	AU$0.15	x
2020-03-31	AU$0.45	AU$0.15	x
2021-03-31	AU$0.28	AU$0.15	x
2022-03-31	AU$0.41	AU$0.15	x
2023-03-31	AU$0.37	AU$0.15	x
2024-03-31	AU$0.30	AU$0.15	x
2025-03-31	AU$0.24	AU$0.15	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Merchant House International 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): -62.85%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: 0.00x
• Equity Multiplier: 1.08x
Recent ROE (-62.85%) is below the historical average (6.62%), 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	19.50%	0.00%	0.00x	1.59x	AU$590.50K
1997	18.59%	0.00%	0.00x	0.00x	AU$604.80K
1998	23.78%	0.00%	0.00x	1.46x	AU$1.23 Million
1999	-4.98%	0.00%	0.00x	1.63x	AU$-1.21 Million
2000	22.25%	3.10%	3.69x	1.95x	AU$888.20K
2001	35.27%	7.21%	3.00x	1.63x	AU$3.29 Million
2002	19.93%	4.02%	2.46x	2.01x	AU$1.40 Million
2003	16.81%	3.54%	2.07x	2.30x	AU$957.10K
2004	17.84%	3.91%	1.94x	2.35x	AU$1.01 Million
2005	15.28%	3.80%	2.10x	1.92x	AU$764.60K
2006	24.01%	6.91%	2.09x	1.66x	AU$2.62 Million
2007	24.31%	6.85%	2.60x	1.37x	AU$2.79 Million
2008	18.32%	6.08%	2.14x	1.41x	AU$1.64 Million
2009	10.57%	4.21%	1.79x	1.40x	AU$166.60K
2010	16.83%	5.30%	2.30x	1.38x	AU$1.63 Million
2011	11.69%	3.91%	2.43x	1.23x	AU$387.90K
2012	13.54%	4.83%	2.28x	1.23x	AU$932.00K
2013	10.89%	3.76%	2.39x	1.21x	AU$248.30K
2014	22.09%	10.40%	1.88x	1.13x	AU$4.80 Million
2015	-4.35%	-2.30%	1.59x	1.19x	AU$-6.54 Million
2016	5.89%	2.90%	1.57x	1.29x	AU$-1.93 Million
2017	1.22%	0.80%	1.31x	1.16x	AU$-4.18 Million
2018	2.33%	1.79%	1.13x	1.15x	AU$-3.74 Million
2019	-5.08%	-3.83%	0.94x	1.41x	AU$-7.43 Million
2020	-30.27%	-20.21%	0.92x	1.63x	AU$-17.05 Million
2021	-29.48%	-41.60%	0.41x	1.72x	AU$-10.35 Million
2022	34.56%	58.99%	0.49x	1.19x	AU$9.60 Million
2023	-23.65%	-42.25%	0.47x	1.18x	AU$-11.70 Million
2024	-26.11%	-131.20%	0.17x	1.19x	AU$-10.22 Million
2025	-62.85%	0.00%	0.00x	1.08x	AU$-16.25 Million

Industry Comparison

This section compares Merchant House International Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.

No peer company data available for comparison.

About Merchant House International Ltd

AU:MHI Australia Footwear & Accessories

Market Cap

$10.00 Million

AU$14.14 Million AUD

Market Cap Rank

#26860 Global

#1337 in Australia

Share Price

AU$0.15

Change (1 day)

+0.00%

52-Week Range

AU$0.15 - AU$0.15

All Time High

AU$0.19