VIP Gloves Ltd

AU:VIP Australia Specialty Chemicals
Market Cap
$1.46 Million
AU$2.36 Million AUD
Market Cap Rank
#35360 Global
#1326 in Australia
Share Price
AU$0.00
Change (1 day)
+0.00%
52-Week Range
AU$0.00 - AU$0.00
All Time High
AU$3.59
Categories
Companies in Australia Specialty Chemicals
About

VIP Gloves Limited, together with its subsidiaries, engages in the manufacture and sale of nitrile gloves in Malaysia and Australia. Its nitrile disposable gloves are used in medical and healthcare, food and beverages, electronics, manufacturing industries, etc. The company was formerly known as Voltage IP Limited and changed its name to VIP Gloves Limited in November 2018. VIP Gloves Limited was… Read more

VIP Gloves Ltd (VIP) - Net Assets

Latest net assets as of June 2023: AU$-242.46K AUD

Based on the latest financial reports, VIP Gloves Ltd (VIP) has net assets worth AU$-242.46K AUD as of June 2023.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$7.39 Million) and total liabilities (AU$7.64 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$-242.46K
% of Total Assets -3.28%
Annual Growth Rate N/A
5-Year Change -103.91%
10-Year Change N/A
Growth Volatility 4290.48

VIP Gloves Ltd - Net Assets Trend (1997–2023)

This chart illustrates how VIP Gloves 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 VIP Gloves Ltd (1997–2023)

The table below shows the annual net assets of VIP Gloves Ltd from 1997 to 2023.

Year Net Assets Change
2023-06-30 AU$-242.46K -101.78%
2022-06-30 AU$13.63 Million -30.86%
2021-06-30 AU$19.72 Million +104.24%
2020-06-30 AU$9.65 Million +55.61%
2019-06-30 AU$6.20 Million +33.30%
2018-06-30 AU$4.65 Million -18.55%
2017-06-30 AU$5.71 Million -13.28%
2016-06-30 AU$6.59 Million +825.17%
2015-06-30 AU$-908.57K -16.30%
2014-06-30 AU$-781.22K -12.08%
2013-06-30 AU$-697.01K -18271.30%
2012-06-30 AU$3.84K +100.65%
2011-06-30 AU$-592.41K +5.50%
2010-06-30 AU$-626.91K +59.17%
2009-06-30 AU$-1.54 Million -23.79%
2008-06-30 AU$-1.24 Million -15.69%
2007-06-30 AU$-1.07 Million -149.43%
2006-06-30 AU$2.17 Million +116.66%
2005-06-30 AU$-13.02 Million -499.31%
2004-06-30 AU$3.26 Million -22.53%
2003-06-30 AU$4.21 Million -44.55%
2002-06-30 AU$7.59 Million -45.55%
2001-06-30 AU$13.94 Million +11.12%
2000-06-30 AU$12.54 Million +16.28%
1999-06-30 AU$10.79 Million -52.72%
1998-06-30 AU$22.82 Million +41.21%
1997-06-30 AU$16.16 Million --

Equity Component Analysis

This analysis shows how different components contribute to VIP Gloves 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 1338155400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2023)

Component Amount Percentage
Common Stock AU$21.67 Million 6599.87%
Other Comprehensive Income AU$-1.05 Million -320.26%
Total Equity AU$328.33K 100.00%

VIP Gloves Ltd Competitors by Market Cap

The table below lists competitors of VIP Gloves Ltd ranked by their market capitalization.

Company Market Cap
Aben Gold Corp.
F:ML1
 		$1.35 Million
Dreamland Limited Class A Ordinary Shares
NASDAQ:TDIC
 		$1.35 Million
Eratex Djaja Tbk
JK:ERTX
 		$1.35 Million
EIFFAGE - Dusseldorf Stock Exchang
DU:EF3
 		$1.35 Million
Capitol Nusantara Indonesia
JK:CANI
 		$1.34 Million
TronicS Microsystems SA
PA:ALTRO
 		$1.34 Million
Genix Pharmaceuticals Corporation
OTCQB:GENPF
 		$1.34 Million
Retail Food Group Limited
PINK:RFGPF
 		$1.34 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 13,631,508 to 328,331, a change of -13,303,177 (-97.6%).
  • Net loss of 13,449,239 reduced equity.
  • Other comprehensive income decreased equity by 4,296,915.
  • Other factors increased equity by 4,442,977.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income AU$-13.45 Million -4096.24%
Other Comprehensive Income AU$-4.30 Million -1308.71%
Other Changes AU$4.44 Million +1353.2%
Total Change AU$- -97.59%

Book Value vs Market Value Analysis

This analysis compares VIP Gloves 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: 7.19x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has increased from 0.00x to 7.19x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-06-30 AU$482.25 AU$0.00 x
1998-06-30 AU$690.90 AU$0.00 x
1999-06-30 AU$225.07 AU$0.00 x
2000-06-30 AU$264.76 AU$0.00 x
2001-06-30 AU$815.87 AU$0.00 x
2002-06-30 AU$252.92 AU$0.00 x
2003-06-30 AU$144.38 AU$0.00 x
2004-06-30 AU$73.63 AU$0.00 x
2005-06-30 AU$-59.62 AU$0.00 x
2006-06-30 AU$8.08 AU$0.00 x
2007-06-30 AU$-2.19 AU$0.00 x
2008-06-30 AU$-2.41 AU$0.00 x
2009-06-30 AU$-2.96 AU$0.00 x
2010-06-30 AU$-0.30 AU$0.00 x
2011-06-30 AU$-0.19 AU$0.00 x
2012-06-30 AU$1.53 AU$0.00 x
2013-06-30 AU$-0.21 AU$0.00 x
2014-06-30 AU$-0.24 AU$0.00 x
2015-06-30 AU$-0.28 AU$0.00 x
2016-06-30 AU$0.04 AU$0.00 x
2017-06-30 AU$0.02 AU$0.00 x
2018-06-30 AU$0.01 AU$0.00 x
2019-06-30 AU$0.01 AU$0.00 x
2020-06-30 AU$0.02 AU$0.00 x
2021-06-30 AU$0.02 AU$0.00 x
2022-06-30 AU$0.02 AU$0.00 x
2023-06-30 AU$0.00 AU$0.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently VIP Gloves 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): -4096.24%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -771.60%
  • • Asset Turnover: 0.24x
  • • Equity Multiplier: 22.52x
  • Recent ROE (-4096.24%) is below the historical average (-164.45%), 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 -19.04% -249.67% 0.07x 1.04x AU$-4.65 Million
1998 -10.45% 0.00% 0.00x 1.02x AU$-4.69 Million
1999 4.79% 0.00% 0.00x 1.75x AU$-555.20K
2000 9.95% 174.30% 0.05x 1.04x AU$-6.20K
2001 0.21% 0.33% 0.49x 1.30x AU$-1.41 Million
2002 -0.28% -0.13% 1.24x 1.80x AU$-794.90K
2003 1.47% 0.72% 0.84x 2.45x AU$-376.20K
2004 -166.93% -68.96% 1.06x 2.29x AU$-6.13 Million
2005 0.00% 0.28% 1.02x 0.00x AU$382.81K
2006 33.00% 79.13% 0.17x 2.50x AU$498.92K
2007 0.00% -22879.57% 0.01x 0.00x AU$-3.25 Million
2008 0.00% -2495.29% 1.04x 0.00x AU$-83.00K
2009 0.00% -536538.18% 0.01x 0.00x AU$-141.55K
2010 0.00% 0.00% 0.00x 0.00x AU$-169.49K
2011 0.00% 0.00% 0.00x 0.00x AU$-81.20K
2012 16.56% 8.58% 0.72x 2.68x AU$251.56
2013 0.00% 0.00% 0.00x 0.00x AU$175.76K
2014 0.00% 0.00% 0.00x 0.00x AU$-6.08K
2015 0.00% -50942.40% 0.00x 0.00x AU$-36.50K
2016 -0.76% -0.63% 0.48x 2.50x AU$-709.09K
2017 -61.44% -38.86% 0.50x 3.14x AU$-4.08 Million
2018 -49.93% -20.40% 0.57x 4.32x AU$-2.79 Million
2019 -75.48% -39.92% 0.68x 2.78x AU$-5.30 Million
2020 1.20% 0.85% 0.66x 2.14x AU$-849.26K
2021 23.93% 9.80% 1.78x 1.37x AU$2.75 Million
2022 -50.78% -65.32% 0.50x 1.55x AU$-8.28 Million
2023 -4096.24% -771.60% 0.24x 22.52x AU$-13.48 Million

Industry Comparison

This section compares VIP Gloves Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $950,621,314
  • Average return on equity (ROE) among peers: -25.21%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
VIP Gloves Ltd (VIP) AU$-242.46K -19.04% N/A $1.35 Million
Anteotech Ltd (ADO) $7.31 Million -7.46% 0.08x $16.82 Million
Alexium International Group Ltd (AJX) $8.77 Million -31.76% 0.37x $2.63 Million
Altech Batteries Ltd (ATC) $3.08 Million -117.67% 0.08x $19.28 Million
Carbonxt Group Ltd (CG1) $10.73 Million -75.63% 2.06x $13.71 Million
DGL Group Ltd (DGL) $209.81 Million 24.15% 0.42x $30.97 Million
Dyno Nobel Ltd (DNL) $4.43 Billion 3.28% 0.77x $3.05 Billion
Foresta Group Holdings Ltd (FGH) $-480.13K 0.00% 0.00x $13.28 Million
Incitec Pivot Ltd (IPL) $3.71 Billion 12.50% 0.89x $2.81 Billion
Noble Helium Ltd (NHE) $281.47K -58.77% 0.10x $7.84 Million
Orica Ltd (ORI) $1.13 Billion -0.75% 1.15x $5.75 Billion