The Reject Shop Ltd (TRS) - Net Assets

Latest as of December 2024: AU$189.27 Million AUD ≈ $133.92 Million USD

Based on the latest financial reports, The Reject Shop Ltd (TRS) has net assets worth AU$189.27 Million AUD (≈ $133.92 Million USD) 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 ≈ $363.74 Million USD) and total liabilities (AU$324.80 Million ≈ $229.82 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 The Reject Shop Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore TRS total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see The Reject Shop Ltd market cap and net worth.

Year	Net Assets	Change
2024-06-30	AU$170.08 Million ≈ $120.34 Million	-6.51%
2023-06-30	AU$181.94 Million ≈ $128.73 Million	+2.90%
2022-06-30	AU$176.80 Million ≈ $125.10 Million	+12.81%
2021-06-30	AU$156.73 Million ≈ $110.90 Million	+9.55%
2020-06-30	AU$143.06 Million ≈ $101.23 Million	+14.16%
2019-06-30	AU$125.32 Million ≈ $88.67 Million	-17.00%
2018-06-30	AU$150.99 Million ≈ $106.83 Million	+11.71%
2017-06-30	AU$135.15 Million ≈ $95.63 Million	-0.14%
2016-06-30	AU$135.34 Million ≈ $95.76 Million	+0.50%
2015-06-30	AU$134.67 Million ≈ $95.29 Million	+11.97%
2014-06-30	AU$120.27 Million ≈ $85.10 Million	-3.83%
2013-06-30	AU$125.07 Million ≈ $88.49 Million	+82.54%
2012-06-30	AU$68.52 Million ≈ $48.48 Million	+29.15%
2011-06-30	AU$53.05 Million ≈ $37.54 Million	+2.92%
2010-06-30	AU$51.54 Million ≈ $36.47 Million	+30.63%
2009-06-30	AU$39.46 Million ≈ $27.92 Million	+9.51%
2008-06-30	AU$36.03 Million ≈ $25.50 Million	+22.21%
2007-06-30	AU$29.48 Million ≈ $20.86 Million	+10.70%
2006-06-30	AU$26.64 Million ≈ $18.85 Million	+17.38%
2005-06-30	AU$22.69 Million ≈ $16.06 Million	+30.33%
2004-06-30	AU$17.41 Million ≈ $12.32 Million	+11.76%
2003-06-30	AU$15.58 Million ≈ $11.02 Million	+42.09%
2002-06-30	AU$10.96 Million ≈ $7.76 Million	+18.11%
2001-06-30	AU$9.28 Million ≈ $6.57 Million	-26.69%
2000-06-30	AU$12.66 Million ≈ $8.96 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
CERENO SCIENTIFIC AB B F:4A1	$183.50 Million
Translational Development Acquisition Corp. Ordinary Shares NASDAQ:TDAC	$183.54 Million
Is Girisim Sermayesi Yatirim Ortakligi AS IS:ISGSY	$183.57 Million
PTT Synergy Group Bhd KLSE:7010	$183.66 Million
Globa Terra Acquisition Corporation Class A Ordinary Shares NASDAQ:GTERA	$183.41 Million
Daewonkangup KO:000430	$183.40 Million
Thien Long Group Corp VN:TLG	$183.37 Million
Loncor Resources Inc TO:LN	$183.34 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.

About The Reject Shop Ltd

AU:TRS Australia Discount Stores

Market Cap

$183.41 Million

AU$259.22 Million AUD

Market Cap Rank

#16866 Global

#489 in Australia

Share Price

AU$6.68

Change (1 day)

+0.00%

52-Week Range

AU$6.52 - AU$6.68

All Time High

AU$12.34