Top Shelf International Holdings Ltd
Top Shelf International Holdings Ltd engages in the production, marketing, and selling of NED Australian Whisky and Grainshaker Hand Made Vodka spirit products in Australia. It also provides canning, bottling, and contract packaging services to third party beverage manufacturers; and produces Australian agave spirit. Top Shelf International Holdings Ltd was incorporated in 2013 and is headquarter… Read more
Top Shelf International Holdings Ltd (TSI) - Net Assets
Latest net assets as of June 2024: AU$40.52 Million AUD
Based on the latest financial reports, Top Shelf International Holdings Ltd (TSI) has net assets worth AU$40.52 Million AUD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$83.93 Million) and total liabilities (AU$43.41 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$40.52 Million |
| % of Total Assets | 48.27% |
| Annual Growth Rate | 26.7% |
| 5-Year Change | -19.44% |
| 10-Year Change | N/A |
| Growth Volatility | 129.92 |
Top Shelf International Holdings Ltd - Net Assets Trend (2017–2023)
This chart illustrates how Top Shelf International Holdings 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 Top Shelf International Holdings Ltd (2017–2023)
The table below shows the annual net assets of Top Shelf International Holdings Ltd from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | AU$40.52 Million | +78.69% |
| 2022-12-31 | AU$22.67 Million | -62.53% |
| 2021-12-31 | AU$60.51 Million | +39.47% |
| 2020-12-31 | AU$43.39 Million | -13.74% |
| 2019-12-31 | AU$50.30 Million | +340.04% |
| 2018-12-31 | AU$11.43 Million | +16.68% |
| 2017-12-31 | AU$9.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Top Shelf International Holdings 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 10448600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$151.66 Million | 374.31% |
| Other Comprehensive Income | AU$-4.49 Million | -11.08% |
| Total Equity | AU$40.52 Million | 100.00% |
Top Shelf International Holdings Ltd Competitors by Market Cap
The table below lists competitors of Top Shelf International Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grand House Mulia Pt
JK:HOMI
|
$5.67 Million |
|
ABS-CBN Holdings Corporation
PINK:ABSOF
|
$5.67 Million |
|
Duniec
TA:DUNI
|
$5.67 Million |
|
SFD SA ZY -10
F:7PQ
|
$5.67 Million |
|
UAS Drone Corp
OTCQB:USDR
|
$5.67 Million |
|
Silver Hammer Mining Corp
PINK:HAMRF
|
$5.67 Million |
|
0O45
LSE:0O45
|
$5.66 Million |
|
D P Wires Limited
NSE:DPWIRES
|
$5.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Top Shelf International Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 22,674,000 to 40,517,000, a change of 17,843,000 (78.7%).
- Net loss of 21,171,000 reduced equity.
- Other comprehensive income decreased equity by 7,620,000.
- Other factors increased equity by 46,634,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-21.17 Million | -52.25% |
| Other Comprehensive Income | AU$-7.62 Million | -18.81% |
| Other Changes | AU$46.63 Million | +115.1% |
| Total Change | AU$- | 78.69% |
Book Value vs Market Value Analysis
This analysis compares Top Shelf International Holdings 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: 0.21x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$0.16 | AU$0.04 | x |
| 2018-12-31 | AU$0.18 | AU$0.04 | x |
| 2019-12-31 | AU$0.81 | AU$0.04 | x |
| 2020-12-31 | AU$0.70 | AU$0.04 | x |
| 2021-12-31 | AU$0.78 | AU$0.04 | x |
| 2022-12-31 | AU$0.25 | AU$0.04 | x |
| 2023-12-31 | AU$0.19 | AU$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Top Shelf International Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -52.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -79.46%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.07x
- Recent ROE (-52.25%) is above the historical average (-52.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -16.78% | -245.01% | 0.05x | 1.46x | AU$-2.62 Million |
| 2018 | -25.17% | -133.01% | 0.09x | 2.15x | AU$-4.02 Million |
| 2019 | -9.60% | -62.91% | 0.11x | 1.33x | AU$-9.86 Million |
| 2020 | -24.75% | -56.05% | 0.25x | 1.79x | AU$-15.08 Million |
| 2021 | -27.16% | -65.02% | 0.24x | 1.75x | AU$-22.49 Million |
| 2022 | -212.98% | -175.30% | 0.35x | 3.50x | AU$-50.56 Million |
| 2023 | -52.25% | -79.46% | 0.32x | 2.07x | AU$-25.22 Million |
Industry Comparison
This section compares Top Shelf International Holdings Ltd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $61,736,000
- Average return on equity (ROE) among peers: -4.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Top Shelf International Holdings Ltd (TSI) | AU$40.52 Million | -16.78% | 1.07x | $5.67 Million |
| Good Drinks Australia Ltd (GDA) | $61.74 Million | -4.53% | 1.14x | $13.80 Million |