China Oilfield Services Limited
China Oilfield Services Limited, together with its subsidiaries, provides integrated oilfield services in China, Indonesia, Mexico, Norway, the Middle East, and internationally. The company operates through four divisions: Geophysical Services, Drilling Services, Well Services, and Marine and Transportation Services. It offers drilling services, including drilling lift boats and accommodation and… Read more
China Oilfield Services Limited (CO9) - Net Assets
Latest net assets as of June 2025: €45.43 Billion EUR
Based on the latest financial reports, China Oilfield Services Limited (CO9) has net assets worth €45.43 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€83.97 Billion) and total liabilities (€38.55 Billion). 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 | €45.43 Billion |
| % of Total Assets | 54.1% |
| Annual Growth Rate | 1.61% |
| 5-Year Change | 14.83% |
| 10-Year Change | -5.13% |
| Growth Volatility | 11.4 |
China Oilfield Services Limited - Net Assets Trend (2013–2024)
This chart illustrates how China Oilfield Services Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Oilfield Services Limited (2013–2024)
The table below shows the annual net assets of China Oilfield Services Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €44.42 Billion | +5.13% |
| 2023-12-31 | €42.26 Billion | +5.91% |
| 2022-12-31 | €39.90 Billion | +4.40% |
| 2021-12-31 | €38.22 Billion | -1.22% |
| 2020-12-31 | €38.69 Billion | +4.82% |
| 2019-12-31 | €36.91 Billion | +6.44% |
| 2018-12-31 | €34.68 Billion | 0.00% |
| 2017-12-31 | €34.68 Billion | -1.75% |
| 2016-12-31 | €35.30 Billion | -24.63% |
| 2015-12-31 | €46.83 Billion | -1.04% |
| 2014-12-31 | €47.32 Billion | +27.01% |
| 2013-12-31 | €37.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Oilfield Services Limited'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 (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €24.72 Billion | 56.45% |
| Other Components | €19.08 Billion | 43.55% |
| Total Equity | €43.80 Billion | 100.00% |
China Oilfield Services Limited Competitors by Market Cap
The table below lists competitors of China Oilfield Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Eastern Airlines Corporation Limited
PINK:CHEAF
|
$2.32 Billion |
|
Bethel Automotive Safety Systems Co Ltd Class A
SHG:603596
|
$2.33 Billion |
|
Amneal Pharmaceuticals, Inc. Class A Common Stock
NYSE:AMRX
|
$2.33 Billion |
|
FI
NEO:FI
|
$2.33 Billion |
|
Washington Federal Inc
NASDAQ:WAFD
|
$2.32 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
$2.32 Billion |
|
Chorus Limited
PINK:CHRUF
|
$2.32 Billion |
|
Leyard Optoelectronic
SHE:300296
|
$2.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Oilfield Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 41,643,019,789 to 43,797,161,954, a change of 2,154,142,165 (5.2%).
- Net income of 3,136,991,876 contributed positively to equity growth.
- Dividend payments of 1,915,517,209 reduced retained earnings.
- Other factors increased equity by 932,667,498.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.14 Billion | +7.16% |
| Dividends Paid | €1.92 Billion | -4.37% |
| Other Changes | €932.67 Million | +2.13% |
| Total Change | €- | 5.17% |
Book Value vs Market Value Analysis
This analysis compares China Oilfield Services Limited'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: 0.11x
- 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 | €7.24 | €0.97 | x |
| 2018-12-31 | €7.24 | €0.97 | x |
| 2019-12-31 | €7.70 | €0.97 | x |
| 2020-12-31 | €8.07 | €0.97 | x |
| 2021-12-31 | €7.97 | €0.97 | x |
| 2022-12-31 | €8.24 | €0.97 | x |
| 2023-12-31 | €8.73 | €0.97 | x |
| 2024-12-31 | €9.18 | €0.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Oilfield Services Limited 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): 7.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.49%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.89x
- Recent ROE (7.16%) is above the historical average (3.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 18.03% | 24.02% | 0.35x | 2.13x | €2.99 Billion |
| 2014 | 15.85% | 22.22% | 0.39x | 1.84x | €2.76 Billion |
| 2015 | 2.30% | 4.54% | 0.25x | 2.00x | €-3.60 Billion |
| 2016 | -32.54% | -75.61% | 0.19x | 2.29x | €-14.98 Billion |
| 2017 | 0.10% | 0.19% | 0.24x | 2.14x | €-3.42 Billion |
| 2018 | 0.21% | 0.32% | 0.29x | 2.16x | €-3.38 Billion |
| 2019 | 6.81% | 8.04% | 0.41x | 2.07x | €-1.17 Billion |
| 2020 | 7.02% | 9.33% | 0.38x | 1.97x | €-1.15 Billion |
| 2021 | 0.82% | 1.07% | 0.40x | 1.93x | €-3.49 Billion |
| 2022 | 5.98% | 6.60% | 0.46x | 1.96x | €-1.58 Billion |
| 2023 | 7.24% | 6.83% | 0.53x | 2.00x | €-1.15 Billion |
| 2024 | 7.16% | 6.49% | 0.58x | 1.89x | €-1.24 Billion |
Industry Comparison
This section compares China Oilfield Services Limited's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $2,069,301,057
- Average return on equity (ROE) among peers: -23.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Oilfield Services Limited (CO9) | €45.43 Billion | 18.03% | 0.85x | $2.32 Billion |
| Aker Solutions OL (1AKA) | $7.91 Billion | -19.47% | 2.39x | $1.62 Billion |
| Honghua Group Limited (4HB) | $4.96 Billion | 10.84% | 1.87x | $71.31 Million |
| Solaris Oilfield Infrastructure Inc (68S) | $409.66 Million | 12.70% | 0.23x | $2.44 Billion |
| Moreld ASA (C28) | $697.93 Million | -101.91% | 9.30x | $44.87 Million |
| Dril-Quip Inc (DQU) | $1.25 Billion | 16.76% | 0.16x | $490.49 Million |
| FRANKS INTL N.V. EO -01 (FK2) | $1.03 Billion | -8.77% | 0.15x | $1.46 Billion |
| Viridien Société anonyme (GDG) | $1.12 Billion | 4.44% | 1.53x | $786.17 Million |
| Shengli Oil & Gas Pipe Holdings Limited (GSG) | $1.24 Billion | -11.15% | 0.94x | $23.09 Million |
| Dolfines SA (JPZ) | $3.46 Million | -117.87% | 1.65x | $10.52K |