Carlo Rino Group Bhd
Carlo Rino Group Berhad, an investment holding company, designs, promotes, markets, distributes, and retails women's footwear, handbags, and accessories under the Carlo Rino brand in Malaysia. The company operates through two segments, Retailing; and Investment and Management Services. It is involved in the marketing and distribution of fashionable goods and accessories; and investment holding of… Read more
Carlo Rino Group Bhd (0335) - Net Assets
Latest net assets as of September 2025: RM156.69 Million MYR
Based on the latest financial reports, Carlo Rino Group Bhd (0335) has net assets worth RM156.69 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM190.25 Million) and total liabilities (RM33.56 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 | RM156.69 Million |
| % of Total Assets | 82.36% |
| Annual Growth Rate | 21.88% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.86 |
Carlo Rino Group Bhd - Net Assets Trend (2021–2025)
This chart illustrates how Carlo Rino 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 Carlo Rino Group Bhd (2021–2025)
The table below shows the annual net assets of Carlo Rino Group Bhd from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM159.10 Million | +42.47% |
| 2024-06-30 | RM111.68 Million | +11.48% |
| 2023-06-30 | RM100.18 Million | +10.92% |
| 2022-06-30 | RM90.32 Million | +25.25% |
| 2021-06-30 | RM72.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carlo Rino 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 1290.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM49.52 Million | 31.12% |
| Other Components | RM109.59 Million | 68.88% |
| Total Equity | RM159.10 Million | 100.00% |
Carlo Rino Group Bhd Competitors by Market Cap
The table below lists competitors of Carlo Rino Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Indofarma Tbk
JK:INAF
|
$4.64 Million |
|
TCI GENE Inc.
TWO:6879
|
$4.65 Million |
|
More Return Public Company Limited
BK:MORE
|
$4.65 Million |
|
Spenda Ltd
AU:SPX
|
$4.65 Million |
|
Shah Alloys Limited
NSE:SHAHALLOYS
|
$4.64 Million |
|
Akora Resources Ltd
AU:AKO
|
$4.64 Million |
|
Stavely Minerals Ltd
AU:SVY
|
$4.64 Million |
|
VivoSim Labs, Inc.
NASDAQ:VIVS
|
$4.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carlo Rino Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 111,677,754 to 159,103,099, a change of 47,425,345 (42.5%).
- Net income of 15,666,236 contributed positively to equity growth.
- Dividend payments of 8,915,843 reduced retained earnings.
- New share issuances of 46,403,739 increased equity.
- Other factors decreased equity by 5,728,787.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM15.67 Million | +9.85% |
| Dividends Paid | RM8.92 Million | -5.6% |
| Share Issuances | RM46.40 Million | +29.17% |
| Other Changes | RM-5.73 Million | -3.6% |
| Total Change | RM- | 42.47% |
Book Value vs Market Value Analysis
This analysis compares Carlo Rino 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: 0.66x
- 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 2.40x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | RM0.09 | RM0.22 | x |
| 2022-06-30 | RM0.22 | RM0.22 | x |
| 2023-06-30 | RM0.25 | RM0.22 | x |
| 2024-06-30 | RM0.28 | RM0.22 | x |
| 2025-06-30 | RM0.33 | RM0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carlo Rino 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): 9.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.85%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.22x
- Recent ROE (9.85%) is below the historical average (16.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 5.53% | 5.21% | 0.68x | 1.56x | RM-3.23 Million |
| 2022 | 24.61% | 21.84% | 0.75x | 1.51x | RM13.20 Million |
| 2023 | 23.81% | 21.01% | 0.76x | 1.49x | RM13.84 Million |
| 2024 | 17.29% | 18.41% | 0.70x | 1.34x | RM8.14 Million |
| 2025 | 9.85% | 15.85% | 0.51x | 1.22x | RM-244.07K |
Industry Comparison
This section compares Carlo Rino Group Bhd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $665,500,000
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carlo Rino Group Bhd (0335) | RM156.69 Million | 5.53% | 0.21x | $4.64 Million |
| XiDeLang Holdings Ltd (5156) | $902.00 Million | 18.40% | 0.16x | $1.41 Million |
| Sinaran Advance Group Bhd (5172) | $429.00 Million | -6.29% | 0.17x | $6.57 Million |