Hisense Home Appliances Group Co. Ltd (GKE) - Net Assets
Based on the latest financial reports, Hisense Home Appliances Group Co. Ltd (GKE) has net assets worth €19.52 Billion EUR (≈ $22.82 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€74.81 Billion ≈ $87.46 Billion USD) and total liabilities (€55.30 Billion ≈ $64.65 Billion 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 Hisense Home Appliances Group Co. Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €19.52 Billion |
| % of Total Assets | 26.09% |
| Annual Growth Rate | 17.84% |
| 5-Year Change | 34.48% |
| 10-Year Change | 333.07% |
| Growth Volatility | 14.96 |
Hisense Home Appliances Group Co. Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Hisense Home Appliances Group Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Hisense Home Appliances Group Co. Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Hisense Home Appliances Group Co. Ltd (2013–2024)
The table below shows the annual net assets of Hisense Home Appliances Group Co. Ltd from 2013 to 2024. For live valuation and market cap data, see market value of Hisense Home Appliances Group Co. Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €19.37 Billion ≈ $22.65 Billion |
-0.11% |
| 2023-12-31 | €19.40 Billion ≈ $22.68 Billion |
+19.15% |
| 2022-12-31 | €16.28 Billion ≈ $19.03 Billion |
+4.41% |
| 2021-12-31 | €15.59 Billion ≈ $18.23 Billion |
+8.22% |
| 2020-12-31 | €14.41 Billion ≈ $16.84 Billion |
+15.43% |
| 2019-12-31 | €12.48 Billion ≈ $14.59 Billion |
+58.20% |
| 2018-12-31 | €7.89 Billion ≈ $9.22 Billion |
+13.46% |
| 2017-12-31 | €6.95 Billion ≈ $8.13 Billion |
+30.62% |
| 2016-12-31 | €5.32 Billion ≈ $6.22 Billion |
+18.99% |
| 2015-12-31 | €4.47 Billion ≈ $5.23 Billion |
+13.53% |
| 2014-12-31 | €3.94 Billion ≈ $4.61 Billion |
+23.79% |
| 2013-12-31 | €3.18 Billion ≈ $3.72 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Hisense Home Appliances Group Co. 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 1203859982567.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €11.30 Billion | 73.11% |
| Other Components | €4.16 Billion | 26.89% |
| Total Equity | €15.46 Billion | 100.00% |
Hisense Home Appliances Group Co. Ltd Competitors by Market Cap
The table below lists competitors of Hisense Home Appliances Group Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinlei Compressor Co. Ltd. A
SHE:301317
|
$1.35 Billion |
|
Jadard Technology Inc. A
SHG:688252
|
$1.35 Billion |
|
Crayon Group Holding ASA
OL:CRAYN
|
$1.35 Billion |
|
Zhejiang Jinggong Science Technology
SHE:002006
|
$1.35 Billion |
|
NMDC Steel Limited
NSE:NSLNISP
|
$1.35 Billion |
|
Anhui Water Resources Development Co Ltd
SHG:600502
|
$1.35 Billion |
|
Hubei Jiuzhiyang Infrared System Co Ltd
SHE:300516
|
$1.35 Billion |
|
Sila Realty Trust, Inc.
NYSE:SILA
|
$1.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hisense Home Appliances Group Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,580,174,486 to 15,455,626,607, a change of 1,875,452,121 (13.8%).
- Net income of 3,347,881,774 contributed positively to equity growth.
- Dividend payments of 1,495,464,608 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.35 Billion | +21.66% |
| Dividends Paid | €1.50 Billion | -9.68% |
| Other Changes | €23.03 Million | +0.15% |
| Total Change | €- | 13.81% |
Book Value vs Market Value Analysis
This analysis compares Hisense Home Appliances Group Co. 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: 0.23x
- 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.
- The price-to-book ratio has decreased from 0.53x to 0.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.73 | €2.52 | x |
| 2018-12-31 | €5.39 | €2.52 | x |
| 2019-12-31 | €6.40 | €2.52 | x |
| 2020-12-31 | €7.18 | €2.52 | x |
| 2021-12-31 | €7.59 | €2.52 | x |
| 2022-12-31 | €8.45 | €2.52 | x |
| 2023-12-31 | €9.78 | €2.52 | x |
| 2024-12-31 | €11.15 | €2.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hisense Home Appliances Group Co. 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): 21.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.61%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 4.51x
- Recent ROE (21.66%) is above the historical average (20.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 44.23% | 4.99% | 2.00x | 4.44x | €940.80 Million |
| 2014 | 19.44% | 2.53% | 2.00x | 3.84x | €326.64 Million |
| 2015 | 14.35% | 2.47% | 1.64x | 3.53x | €175.93 Million |
| 2016 | 22.35% | 4.07% | 1.40x | 3.91x | €600.99 Million |
| 2017 | 30.99% | 5.96% | 1.56x | 3.33x | €1.35 Billion |
| 2018 | 18.74% | 3.82% | 1.65x | 2.97x | €642.27 Million |
| 2019 | 20.57% | 4.79% | 1.10x | 3.90x | €921.51 Million |
| 2020 | 16.15% | 3.26% | 1.16x | 4.28x | €600.97 Million |
| 2021 | 9.40% | 1.44% | 1.21x | 5.41x | €-61.65 Million |
| 2022 | 12.46% | 1.94% | 1.34x | 4.81x | €283.08 Million |
| 2023 | 20.89% | 3.31% | 1.30x | 4.86x | €1.48 Billion |
| 2024 | 21.66% | 3.61% | 1.33x | 4.51x | €1.80 Billion |
Industry Comparison
This section compares Hisense Home Appliances Group Co. Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $11,907,357,395
- Average return on equity (ROE) among peers: 0.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hisense Home Appliances Group Co. Ltd (GKE) | €19.52 Billion | 44.23% | 2.83x | $1.35 Billion |
| Haier Smart Home Co Ltd (690D) | $94.71 Billion | 15.53% | 1.49x | $595.67 Million |
| Haier Smart Home Co Ltd (690D) | $3.21 Billion | 13.22% | 0.26x | $599.34 Million |
| POZZI MILANO S.P.A. (7TL) | $7.49 Million | 13.68% | 0.92x | $17.60 Million |
| A.S. Création Tapeten AG (ACWN) | $76.68 Million | -7.02% | 0.48x | $21.08 Million |
| ELECTROLUX B ADR/2 SK 5 (ELXA) | $8.71 Billion | 10.08% | 12.17x | $1.57 Billion |
| Surteco Group SE (SUR) | $164.93 Million | 0.00% | 1.26x | $183.09 Million |
| Westwing Group AG (WEW) | $90.10 Million | -35.96% | 1.53x | $257.31 Million |
| Westag & Getalit ST O.N. (WUG) | $94.37 Million | -3.46% | 0.59x | $100.57 Million |
| Westag & Getalit AG (WUG3) | $105.44 Million | 1.94% | 0.49x | $60.55 Million |
About Hisense Home Appliances Group Co. Ltd
Hisense Home Appliances Group Co., Ltd. engages in the central air-conditioning business in the People's Republic of China and internationally. The company is involved in the research and development, manufacturing, marketing, and service of HVAC, refrigerators, freezers, washing machines, kitchen appliances, automotive air conditioning compressors, and automotive integrated thermal management sy… Read more