Tourism Holdings Rentals Ltd
Tourism Holdings Limited operates as a tourism company worldwide. It operates through New Zealand Rentals & Sales; Action Manufacturing; Tourism; Australia Rentals, Sales & Manufacturing; North America Rentals & Sales; United Kingdom & Ireland Rentals & Sales; and Corporate segments. The company is involved in manufacturing, rental, and sale of motorhomes; manufacturing and sale of other speciali… Read more
Tourism Holdings Rentals Ltd (THL) - Net Assets
Latest net assets as of June 2025: AU$577.88 Million AUD
Based on the latest financial reports, Tourism Holdings Rentals Ltd (THL) has net assets worth AU$577.88 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$1.57 Billion) and total liabilities (AU$997.00 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$577.88 Million |
| % of Total Assets | 36.69% |
| Annual Growth Rate | 7.0% |
| 5-Year Change | 84.86% |
| 10-Year Change | 235.73% |
| Growth Volatility | 20.82 |
Tourism Holdings Rentals Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Tourism Holdings Rentals 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 Tourism Holdings Rentals Ltd (1997–2025)
The table below shows the annual net assets of Tourism Holdings Rentals Ltd from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$577.88 Million | -6.32% |
| 2024-06-30 | AU$616.89 Million | +9.89% |
| 2023-06-30 | AU$561.38 Million | +69.26% |
| 2022-06-30 | AU$331.67 Million | +6.10% |
| 2021-06-30 | AU$312.60 Million | -3.84% |
| 2020-06-30 | AU$325.10 Million | +17.36% |
| 2019-06-30 | AU$277.02 Million | +10.80% |
| 2018-06-30 | AU$250.01 Million | +28.91% |
| 2017-06-30 | AU$193.94 Million | +12.68% |
| 2016-06-30 | AU$172.12 Million | -0.23% |
| 2015-06-30 | AU$172.52 Million | +7.90% |
| 2014-06-30 | AU$159.90 Million | -0.09% |
| 2013-06-30 | AU$160.05 Million | +2.58% |
| 2012-06-30 | AU$156.03 Million | +0.00% |
| 2011-06-30 | AU$156.02 Million | -14.37% |
| 2010-06-30 | AU$182.22 Million | +0.49% |
| 2009-06-30 | AU$181.33 Million | -2.98% |
| 2008-06-30 | AU$186.91 Million | +6.94% |
| 2007-06-30 | AU$174.78 Million | -1.52% |
| 2006-06-30 | AU$177.47 Million | +5.97% |
| 2005-06-30 | AU$167.48 Million | +0.14% |
| 2004-06-30 | AU$167.25 Million | -1.44% |
| 2003-06-30 | AU$169.69 Million | +0.90% |
| 2002-06-30 | AU$168.17 Million | -4.70% |
| 2001-06-30 | AU$176.46 Million | +2.55% |
| 2000-06-30 | AU$172.07 Million | +85.31% |
| 1999-06-30 | AU$92.85 Million | -2.60% |
| 1998-06-30 | AU$95.33 Million | +9.80% |
| 1997-06-30 | AU$86.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tourism Holdings Rentals 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 decreased by 3.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$42.36 Million | 7.33% |
| Common Stock | AU$521.52 Million | 90.25% |
| Other Comprehensive Income | AU$14.00 Million | 2.42% |
| Total Equity | AU$577.88 Million | 100.00% |
Tourism Holdings Rentals Ltd Competitors by Market Cap
The table below lists competitors of Tourism Holdings Rentals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kerjaya Prospek Group Bhd
KLSE:7161
|
$189.70 Million |
|
Ningbo Changhong Polymer Scientific & Technical Inc
SHG:605008
|
$189.71 Million |
|
DSC Investment Inc
KQ:241520
|
$189.72 Million |
|
Strandline Resources Limited
PINK:STQNF
|
$189.72 Million |
|
CCS Supply Chain Management Co Ltd
SHG:600180
|
$189.59 Million |
|
Ames National Corporation
NASDAQ:ATLO
|
$189.58 Million |
|
Ege Endustri ve Ticaret AS
IS:EGEEN
|
$189.58 Million |
|
China Master Logistics Co Ltd
SHG:603967
|
$189.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tourism Holdings Rentals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 616,888,000 to 577,875,000, a change of -39,013,000 (-6.3%).
- Net loss of 25,774,000 reduced equity.
- Dividend payments of 11,384,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,298,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-25.77 Million | -4.46% |
| Dividends Paid | AU$11.38 Million | -1.97% |
| Other Comprehensive Income | AU$-2.30 Million | -0.4% |
| Other Changes | AU$443.00K | +0.08% |
| Total Change | AU$- | -6.32% |
Book Value vs Market Value Analysis
This analysis compares Tourism Holdings Rentals 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: 0.68x
- 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 0.98x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-06-30 | AU$1.83 | AU$1.80 | x |
| 1998-06-30 | AU$1.60 | AU$1.80 | x |
| 1999-06-30 | AU$1.62 | AU$1.80 | x |
| 2000-06-30 | AU$1.85 | AU$1.80 | x |
| 2001-06-30 | AU$1.93 | AU$1.80 | x |
| 2002-06-30 | AU$1.96 | AU$1.80 | x |
| 2003-06-30 | AU$1.71 | AU$1.80 | x |
| 2004-06-30 | AU$1.69 | AU$1.80 | x |
| 2005-06-30 | AU$1.69 | AU$1.80 | x |
| 2006-06-30 | AU$1.79 | AU$1.80 | x |
| 2007-06-30 | AU$1.76 | AU$1.80 | x |
| 2008-06-30 | AU$1.84 | AU$1.80 | x |
| 2009-06-30 | AU$1.83 | AU$1.80 | x |
| 2010-06-30 | AU$1.92 | AU$1.80 | x |
| 2011-06-30 | AU$1.57 | AU$1.80 | x |
| 2012-06-30 | AU$1.57 | AU$1.80 | x |
| 2013-06-30 | AU$1.41 | AU$1.80 | x |
| 2014-06-30 | AU$1.35 | AU$1.80 | x |
| 2015-06-30 | AU$1.44 | AU$1.80 | x |
| 2016-06-30 | AU$1.43 | AU$1.80 | x |
| 2017-06-30 | AU$1.57 | AU$1.80 | x |
| 2018-06-30 | AU$1.97 | AU$1.80 | x |
| 2019-06-30 | AU$2.15 | AU$1.80 | x |
| 2020-06-30 | AU$2.21 | AU$1.80 | x |
| 2021-06-30 | AU$2.11 | AU$1.80 | x |
| 2022-06-30 | AU$2.18 | AU$1.80 | x |
| 2023-06-30 | AU$2.94 | AU$1.80 | x |
| 2024-06-30 | AU$2.83 | AU$1.80 | x |
| 2025-06-30 | AU$2.63 | AU$1.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tourism Holdings Rentals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.75%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.73x
- Recent ROE (-4.46%) is below the historical average (4.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 0.37% | 0.23% | 0.70x | 2.33x | AU$-7.85 Million |
| 1998 | -0.23% | 0.00% | 0.00x | 2.38x | AU$-9.35 Million |
| 1999 | -0.65% | 0.00% | 0.00x | 1.86x | AU$-9.89 Million |
| 2000 | 0.14% | 0.00% | 0.00x | 1.85x | AU$-16.97 Million |
| 2001 | 0.08% | 0.07% | 0.66x | 1.74x | AU$-17.51 Million |
| 2002 | 0.12% | 0.12% | 0.65x | 1.66x | AU$-16.61 Million |
| 2003 | 5.10% | 4.94% | 0.73x | 1.42x | AU$-8.31 Million |
| 2004 | 6.71% | 7.43% | 0.60x | 1.51x | AU$-5.51 Million |
| 2005 | 6.30% | 6.14% | 0.60x | 1.72x | AU$-6.19 Million |
| 2006 | 6.20% | 6.24% | 0.60x | 1.66x | AU$-6.75 Million |
| 2007 | 7.65% | 6.88% | 0.65x | 1.70x | AU$-4.11 Million |
| 2008 | 7.66% | 9.22% | 0.48x | 1.71x | AU$-4.38 Million |
| 2009 | 1.58% | 1.70% | 0.60x | 1.55x | AU$-15.26 Million |
| 2010 | 2.53% | 2.53% | 0.68x | 1.47x | AU$-13.61 Million |
| 2011 | -17.53% | -13.97% | 0.61x | 2.05x | AU$-42.95 Million |
| 2012 | 2.77% | 2.16% | 0.68x | 1.89x | AU$-11.29 Million |
| 2013 | 2.38% | 1.70% | 0.68x | 2.06x | AU$-12.20 Million |
| 2014 | 6.95% | 4.92% | 0.76x | 1.85x | AU$-4.87 Million |
| 2015 | 11.65% | 8.50% | 0.74x | 1.84x | AU$2.85 Million |
| 2016 | 14.16% | 8.74% | 0.84x | 1.94x | AU$7.16 Million |
| 2017 | 15.56% | 8.86% | 0.73x | 2.42x | AU$10.78 Million |
| 2018 | 24.94% | 14.64% | 0.74x | 2.31x | AU$37.35 Million |
| 2019 | 10.74% | 7.03% | 0.70x | 2.17x | AU$2.05 Million |
| 2020 | 8.41% | 6.82% | 0.61x | 2.01x | AU$-5.15 Million |
| 2021 | -4.33% | -3.81% | 0.67x | 1.71x | AU$-45.22 Million |
| 2022 | -0.45% | -0.43% | 0.58x | 1.80x | AU$-34.65 Million |
| 2023 | 8.88% | 8.17% | 0.49x | 2.20x | AU$-6.28 Million |
| 2024 | 6.38% | 4.27% | 0.62x | 2.43x | AU$-22.31 Million |
| 2025 | -4.46% | -2.75% | 0.60x | 2.73x | AU$-83.56 Million |
Industry Comparison
This section compares Tourism Holdings Rentals Ltd's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $89,089,000
- Average return on equity (ROE) among peers: -0.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tourism Holdings Rentals Ltd (THL) | AU$577.88 Million | 0.37% | 1.73x | $189.67 Million |
| Vmoto Ltd (VMT) | $89.09 Million | -0.22% | 0.41x | $6.06 Million |