Green Ocean Corporation Bhd
Green Ocean Corporation Berhad, an investment holding company, engages in the distribution and trading of food and beverages products in Malaysia. The company provides storage facilities for warehousing services. It also engages in trading of gloves and other general products. The company was formerly known as Online One Corporation Berhad and changed its name to Green Ocean Corporation Berhad in… Read more
Green Ocean Corporation Bhd (0074) - Net Assets
Latest net assets as of June 2025: RM65.89 Million MYR
Based on the latest financial reports, Green Ocean Corporation Bhd (0074) has net assets worth RM65.89 Million MYR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM86.28 Million) and total liabilities (RM20.38 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 | RM65.89 Million |
| % of Total Assets | 76.37% |
| Annual Growth Rate | 21.96% |
| 5-Year Change | 843.87% |
| 10-Year Change | N/A |
| Growth Volatility | 379.19 |
Green Ocean Corporation Bhd - Net Assets Trend (2016–2024)
This chart illustrates how Green Ocean Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Green Ocean Corporation Bhd (2016–2024)
The table below shows the annual net assets of Green Ocean Corporation Bhd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | RM99.70 Million | -12.32% |
| 2023-03-31 | RM113.71 Million | -3.35% |
| 2022-03-31 | RM117.65 Million | -9.85% |
| 2021-03-31 | RM130.50 Million | +1135.47% |
| 2020-03-31 | RM10.56 Million | -51.97% |
| 2019-03-31 | RM21.99 Million | +9.60% |
| 2018-03-31 | RM20.07 Million | -2.11% |
| 2017-03-31 | RM20.50 Million | +0.67% |
| 2016-03-31 | RM20.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Green Ocean Corporation Bhd'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 6501779000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM174.60 Million | 175.13% |
| Total Equity | RM99.70 Million | 100.00% |
Green Ocean Corporation Bhd Competitors by Market Cap
The table below lists competitors of Green Ocean Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HN30
F:HN30
|
$2.01 Million |
|
Pacific Health Care Organization Inc
OTCQB:PFHO
|
$2.01 Million |
|
Enra Group Bhd
KLSE:8613
|
$2.01 Million |
|
Saxlund Group AB
ST:SAXG
|
$2.01 Million |
|
Vision Marine Technologies Inc
NASDAQ:VMAR
|
$2.01 Million |
|
GARMIN N
HM:GEY
|
$2.01 Million |
|
GENINCODE PLC LS -01
F:9PL
|
$2.01 Million |
|
E-Home Household Service Holdings Ltd
NASDAQ:EJH
|
$2.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Green Ocean Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 113,710,000 to 99,698,000, a change of -14,012,000 (-12.3%).
- Net loss of 14,012,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-14.01 Million | -14.05% |
| Total Change | RM- | -12.32% |
Book Value vs Market Value Analysis
This analysis compares Green Ocean Corporation Bhd'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: 0.16x
- 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 1.29x to 0.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | RM0.06 | RM0.08 | x |
| 2017-03-31 | RM0.06 | RM0.08 | x |
| 2018-03-31 | RM0.05 | RM0.08 | x |
| 2019-03-31 | RM0.06 | RM0.08 | x |
| 2020-03-31 | RM0.27 | RM0.08 | x |
| 2021-03-31 | RM0.74 | RM0.08 | x |
| 2022-03-31 | RM0.56 | RM0.08 | x |
| 2023-03-31 | RM0.54 | RM0.08 | x |
| 2024-03-31 | RM0.47 | RM0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Green Ocean Corporation Bhd 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): -14.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -137.68%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.20x
- Recent ROE (-14.05%) is above the historical average (-19.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.37% | 0.14% | 3.31x | 2.88x | RM-1.76 Million |
| 2017 | 0.66% | 0.07% | 4.33x | 2.26x | RM-1.91 Million |
| 2018 | -37.43% | -4.86% | 4.09x | 1.89x | RM-9.52 Million |
| 2019 | 8.76% | 0.53% | 6.38x | 2.57x | RM-273.80K |
| 2020 | -108.21% | -5.13% | 5.95x | 3.55x | RM-12.49 Million |
| 2021 | -9.56% | -34.40% | 0.27x | 1.02x | RM-25.53 Million |
| 2022 | -17.72% | -273.98% | 0.06x | 1.01x | RM-32.61 Million |
| 2023 | -3.46% | -35.93% | 0.08x | 1.17x | RM-15.31 Million |
| 2024 | -14.05% | -137.68% | 0.09x | 1.20x | RM-23.98 Million |
Industry Comparison
This section compares Green Ocean Corporation Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $417,529,672
- Average return on equity (ROE) among peers: -13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Green Ocean Corporation Bhd (0074) | RM65.89 Million | 1.37% | 0.31x | $2.01 Million |
| MAG Holdings Berhad (0095) | $767.53 Million | 4.45% | 0.40x | $29.82 Million |
| Greenyield Bhd (0136) | $68.86 Million | 7.90% | 0.29x | $3.29 Million |
| Heng Huat Resources Group Bhd (0175) | $36.07 Million | -118.86% | 2.26x | $7.31 Million |
| Matang Bhd (0189) | $246.80 Million | 1.06% | 0.02x | $17.51 Million |
| Pinehill Pacific Bhd (1902) | $110.00 Million | -10.00% | 2.40x | $6.70 Million |
| Chin Teck Plantations Bhd (1929) | $616.00 Million | 8.60% | 0.02x | $63.22 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $46.24 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $596.00 Million | -0.67% | 0.11x | $25.76 Million |
| TDM Berhad (2054) | $708.78 Million | -4.16% | 1.46x | $24.43 Million |