Aco Group Bhd
ACO Group Berhad, an investment holding company, distributes electrical products and accessories for industrial, commercial, and residential use primarily in Malaysia. The company operates through two segments: Industrial Users and Resellers. It provides cables, wires, and accessories for buildings, as well as power and communication cables for connection to industrial plants, equipment, and mach… Read more
Aco Group Bhd (0218) - Net Assets
Latest net assets as of August 2025: RM99.61 Million MYR
Based on the latest financial reports, Aco Group Bhd (0218) has net assets worth RM99.61 Million MYR as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM163.51 Million) and total liabilities (RM63.90 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 | RM99.61 Million |
| % of Total Assets | 60.92% |
| Annual Growth Rate | 19.38% |
| 5-Year Change | 33.32% |
| 10-Year Change | N/A |
| Growth Volatility | 18.66 |
Aco Group Bhd - Net Assets Trend (2017–2025)
This chart illustrates how Aco Group 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 Aco Group Bhd (2017–2025)
The table below shows the annual net assets of Aco Group Bhd from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | RM96.85 Million | +5.16% |
| 2024-02-29 | RM92.10 Million | +2.95% |
| 2023-02-28 | RM89.46 Million | +5.98% |
| 2022-02-28 | RM84.42 Million | +16.21% |
| 2021-02-28 | RM72.64 Million | +64.61% |
| 2020-02-29 | RM44.13 Million | +24.94% |
| 2019-02-28 | RM35.32 Million | +26.99% |
| 2018-02-28 | RM27.81 Million | +18.45% |
| 2017-02-28 | RM23.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aco Group 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 grown by 253.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM56.44 Million | 58.28% |
| Other Components | RM40.40 Million | 41.72% |
| Total Equity | RM96.85 Million | 100.00% |
Aco Group Bhd Competitors by Market Cap
The table below lists competitors of Aco Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Granada Gold Mine Inc
PINK:GBBFF
|
$3.11 Million |
|
Orissa Bengal Carrier Limited
NSE:OBCL
|
$3.12 Million |
|
River Tech plc
OL:RIVER
|
$3.12 Million |
|
Lancartama Sejati Tbk
JK:TAMA
|
$3.12 Million |
|
Hyper Bit Technologies Ltd.
F:N7S0
|
$3.11 Million |
|
Pershing Resources Company Inc
PINK:PSGR
|
$3.11 Million |
|
Gold Port Corporation
OTCQB:GPOTF
|
$3.11 Million |
|
Reed's, Inc.
OTCQX:REED
|
$3.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aco Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 92,098,520 to 96,846,744, a change of 4,748,224 (5.2%).
- Net income of 5,106,490 contributed positively to equity growth.
- Dividend payments of 694,740 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM5.11 Million | +5.27% |
| Dividends Paid | RM694.74K | -0.72% |
| Other Changes | RM336.47K | +0.35% |
| Total Change | RM- | 5.16% |
Book Value vs Market Value Analysis
This analysis compares Aco Group 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: 0.61x
- 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 1.75x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-02-28 | RM0.10 | RM0.17 | x |
| 2018-02-28 | RM0.11 | RM0.17 | x |
| 2019-02-28 | RM0.15 | RM0.17 | x |
| 2020-02-29 | RM0.18 | RM0.17 | x |
| 2021-02-28 | RM0.22 | RM0.17 | x |
| 2022-02-28 | RM0.24 | RM0.17 | x |
| 2023-02-28 | RM0.26 | RM0.17 | x |
| 2024-02-29 | RM0.27 | RM0.17 | x |
| 2025-02-28 | RM0.28 | RM0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aco Group 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): 5.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.38%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.63x
- Recent ROE (5.27%) is below the historical average (10.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 16.34% | 3.35% | 1.52x | 3.20x | RM1.49 Million |
| 2018 | 15.58% | 3.49% | 1.48x | 3.01x | RM1.55 Million |
| 2019 | 19.45% | 5.11% | 1.34x | 2.84x | RM3.34 Million |
| 2020 | 17.37% | 5.71% | 1.28x | 2.38x | RM3.25 Million |
| 2021 | 3.92% | 2.57% | 0.81x | 1.87x | RM-4.42 Million |
| 2022 | 8.37% | 5.65% | 0.83x | 1.79x | RM-1.38 Million |
| 2023 | 6.42% | 4.33% | 0.89x | 1.66x | RM-3.21 Million |
| 2024 | 3.28% | 2.20% | 0.87x | 1.72x | RM-6.19 Million |
| 2025 | 5.27% | 3.38% | 0.95x | 1.63x | RM-4.58 Million |
Industry Comparison
This section compares Aco Group Bhd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $68,611,624
- Average return on equity (ROE) among peers: 7.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aco Group Bhd (0218) | RM99.61 Million | 16.34% | 0.64x | $3.11 Million |
| Pineapple Resources Bhd (0006) | $26.14 Million | -2.40% | 0.10x | $1.58 Million |
| Artroniq Berhad (0038) | $34.80 Million | 3.33% | 0.48x | $6.99 Million |
| Vsolar Group Bhd (0066) | $16.61 Million | -9.76% | 0.04x | $1.65 Million |
| YGL Convergence Bhd (0086) | $16.73 Million | -13.68% | 0.14x | $1.54 Million |
| QES Group Bhd (0196) | $117.28 Million | 7.38% | 0.63x | $30.66 Million |
| Radiant Globaltech Bhd (0202) | $23.34 Million | 40.57% | 1.70x | $5.89 Million |
| SNS (0259) | $63.10 Million | 37.05% | 2.55x | $46.36 Million |
| Marco Holdings Bhd (3514) | $202.99 Million | 7.64% | 0.08x | $8.04 Million |
| Compugates Holdings Bhd (5037) | $116.50 Million | -5.34% | 0.61x | $4.53 Million |