The Reject Shop Ltd
The Reject Shop Limited retails discount variety merchandise in Australia. The company offers snacks and confectionery products, such as crackers and snacks, chips, biscuits and cookies, sweets and lollies, mints and gums, chocolate, and soup; tea, coffee, soft drink, water, fruit drinks, and cordials; and lunch box solutions and breakfast snacks. It also provides bathroom and toilet cleaners, ai… Read more
The Reject Shop Ltd (TRS) - Net Assets
Latest net assets as of December 2024: AU$189.27 Million AUD
Based on the latest financial reports, The Reject Shop Ltd (TRS) has net assets worth AU$189.27 Million AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$514.07 Million) and total liabilities (AU$324.80 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$189.27 Million |
| % of Total Assets | 36.82% |
| Annual Growth Rate | 11.43% |
| 5-Year Change | 18.89% |
| 10-Year Change | 26.29% |
| Growth Volatility | 20.81 |
The Reject Shop Ltd - Net Assets Trend (2000–2024)
This chart illustrates how The Reject Shop 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 The Reject Shop Ltd (2000–2024)
The table below shows the annual net assets of The Reject Shop Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$170.08 Million | -6.51% |
| 2023-06-30 | AU$181.94 Million | +2.90% |
| 2022-06-30 | AU$176.80 Million | +12.81% |
| 2021-06-30 | AU$156.73 Million | +9.55% |
| 2020-06-30 | AU$143.06 Million | +14.16% |
| 2019-06-30 | AU$125.32 Million | -17.00% |
| 2018-06-30 | AU$150.99 Million | +11.71% |
| 2017-06-30 | AU$135.15 Million | -0.14% |
| 2016-06-30 | AU$135.34 Million | +0.50% |
| 2015-06-30 | AU$134.67 Million | +11.97% |
| 2014-06-30 | AU$120.27 Million | -3.83% |
| 2013-06-30 | AU$125.07 Million | +82.54% |
| 2012-06-30 | AU$68.52 Million | +29.15% |
| 2011-06-30 | AU$53.05 Million | +2.92% |
| 2010-06-30 | AU$51.54 Million | +30.63% |
| 2009-06-30 | AU$39.46 Million | +9.51% |
| 2008-06-30 | AU$36.03 Million | +22.21% |
| 2007-06-30 | AU$29.48 Million | +10.70% |
| 2006-06-30 | AU$26.64 Million | +17.38% |
| 2005-06-30 | AU$22.69 Million | +30.33% |
| 2004-06-30 | AU$17.41 Million | +11.76% |
| 2003-06-30 | AU$15.58 Million | +42.09% |
| 2002-06-30 | AU$10.96 Million | +18.11% |
| 2001-06-30 | AU$9.28 Million | -26.69% |
| 2000-06-30 | AU$12.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Reject Shop 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 967.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$95.32 Million | 56.04% |
| Common Stock | AU$62.59 Million | 36.80% |
| Other Comprehensive Income | AU$12.17 Million | 7.16% |
| Total Equity | AU$170.08 Million | 100.00% |
The Reject Shop Ltd Competitors by Market Cap
The table below lists competitors of The Reject Shop Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ancom Berhad
KLSE:4758
|
$109.07 Million |
|
Khgears International Limited
TW:4571
|
$109.09 Million |
|
DNF Co.Ltd
KQ:092070
|
$109.14 Million |
|
Venus Pipes & Tubes Limited
NSE:VENUSPIPES
|
$109.17 Million |
|
Bassett Furniture Industries
NASDAQ:BSET
|
$108.92 Million |
|
Zhuhai Kles Technology Co. Ltd. A
SHE:301314
|
$108.90 Million |
|
NXGCF
OTCQX:NXGCF
|
$108.83 Million |
|
Unitech Limited
NSE:UNITECH
|
$108.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Reject Shop Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 181,935,000 to 170,083,000, a change of -11,852,000 (-6.5%).
- Net income of 4,713,000 contributed positively to equity growth.
- Dividend payments of 9,899,000 reduced retained earnings.
- Share repurchases of 5,009,000 reduced equity.
- Other comprehensive income decreased equity by 1,657,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$4.71 Million | +2.77% |
| Dividends Paid | AU$9.90 Million | -5.82% |
| Share Repurchases | AU$5.01 Million | -2.95% |
| Other Comprehensive Income | AU$-1.66 Million | -0.97% |
| Total Change | AU$- | -6.51% |
Book Value vs Market Value Analysis
This analysis compares The Reject Shop 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: 1.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.63x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-06-30 | AU$0.63 | AU$6.68 | x |
| 2004-06-30 | AU$0.72 | AU$6.68 | x |
| 2005-06-30 | AU$0.87 | AU$6.68 | x |
| 2006-06-30 | AU$1.00 | AU$6.68 | x |
| 2007-06-30 | AU$1.10 | AU$6.68 | x |
| 2008-06-30 | AU$1.34 | AU$6.68 | x |
| 2009-06-30 | AU$1.47 | AU$6.68 | x |
| 2010-06-30 | AU$1.91 | AU$6.68 | x |
| 2011-06-30 | AU$1.96 | AU$6.68 | x |
| 2012-06-30 | AU$2.53 | AU$6.68 | x |
| 2013-06-30 | AU$4.66 | AU$6.68 | x |
| 2014-06-30 | AU$4.14 | AU$6.68 | x |
| 2015-06-30 | AU$4.65 | AU$6.68 | x |
| 2016-06-30 | AU$4.68 | AU$6.68 | x |
| 2017-06-30 | AU$4.64 | AU$6.68 | x |
| 2018-06-30 | AU$5.16 | AU$6.68 | x |
| 2019-06-30 | AU$4.21 | AU$6.68 | x |
| 2020-06-30 | AU$4.52 | AU$6.68 | x |
| 2021-06-30 | AU$4.03 | AU$6.68 | x |
| 2022-06-30 | AU$4.52 | AU$6.68 | x |
| 2023-06-30 | AU$4.66 | AU$6.68 | x |
| 2024-06-30 | AU$4.36 | AU$6.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Reject Shop 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): 2.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.55%
- • Asset Turnover: 1.74x
- • Equity Multiplier: 2.89x
- Recent ROE (2.77%) is below the historical average (21.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 19.11% | 1.83% | 4.52x | 2.31x | AU$1.15 Million |
| 2001 | 27.48% | 1.94% | 4.35x | 3.25x | AU$1.62 Million |
| 2002 | 33.63% | 2.53% | 4.18x | 3.18x | AU$2.59 Million |
| 2003 | 29.63% | 2.82% | 4.21x | 2.49x | AU$3.06 Million |
| 2004 | 32.05% | 3.07% | 4.46x | 2.34x | AU$3.84 Million |
| 2005 | 31.12% | 3.48% | 4.37x | 2.05x | AU$4.79 Million |
| 2006 | 33.99% | 3.81% | 4.12x | 2.16x | AU$6.39 Million |
| 2007 | 41.70% | 4.38% | 4.10x | 2.32x | AU$9.35 Million |
| 2008 | 46.27% | 4.72% | 4.09x | 2.40x | AU$13.07 Million |
| 2009 | 48.14% | 4.61% | 4.29x | 2.43x | AU$15.05 Million |
| 2010 | 45.30% | 4.96% | 3.52x | 2.60x | AU$18.20 Million |
| 2011 | 30.48% | 3.09% | 3.41x | 2.89x | AU$10.87 Million |
| 2012 | 32.00% | 3.95% | 3.49x | 2.32x | AU$15.07 Million |
| 2013 | 15.55% | 3.15% | 3.18x | 1.55x | AU$6.94 Million |
| 2014 | 12.06% | 2.04% | 3.21x | 1.85x | AU$2.48 Million |
| 2015 | 10.57% | 1.88% | 3.31x | 1.70x | AU$771.70K |
| 2016 | 12.63% | 2.14% | 3.47x | 1.70x | AU$3.57 Million |
| 2017 | 9.13% | 1.55% | 3.63x | 1.62x | AU$-1.17 Million |
| 2018 | 10.98% | 2.07% | 3.43x | 1.54x | AU$1.48 Million |
| 2019 | -13.48% | -2.13% | 3.52x | 1.80x | AU$-29.43 Million |
| 2020 | 0.78% | 0.14% | 1.93x | 2.96x | AU$-13.19 Million |
| 2021 | 5.31% | 1.07% | 1.94x | 2.56x | AU$-7.35 Million |
| 2022 | 4.47% | 1.00% | 1.63x | 2.74x | AU$-9.78 Million |
| 2023 | 5.67% | 1.26% | 1.63x | 2.76x | AU$-7.88 Million |
| 2024 | 2.77% | 0.55% | 1.74x | 2.89x | AU$-12.30 Million |
Industry Comparison
This section compares The Reject Shop Ltd's net assets metrics with peer companies in the Discount Stores industry.
No peer company data available for comparison.