AVI Japan Opportunity Trust PLC
AVI Japan Opportunity Trust PLC is a closed-ended equity mutual fund launched and managed by Asset Value Investors Limited. The fund invests in the public equity markets of the Japan. It invests in value stocks of small-cap companies. The fund benchmarks the performance of its portfolio against the MSCI Japan Small Cap Index. AVI Japan Opportunity Trust PLC was formed on July 27, 2018 and is domi… Read more
AVI Japan Opportunity Trust PLC (AJOT) - Net Assets
Latest net assets as of December 2024: £211.98 Million GBP
Based on the latest financial reports, AVI Japan Opportunity Trust PLC (AJOT) has net assets worth £211.98 Million GBP as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (£227.52 Million) and total liabilities (£15.54 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 | £211.98 Million |
| % of Total Assets | 93.17% |
| Annual Growth Rate | 10.68% |
| 5-Year Change | 65.67% |
| 10-Year Change | N/A |
| Growth Volatility | 10.73 |
AVI Japan Opportunity Trust PLC - Net Assets Trend (2019–2024)
This chart illustrates how AVI Japan Opportunity Trust PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AVI Japan Opportunity Trust PLC (2019–2024)
The table below shows the annual net assets of AVI Japan Opportunity Trust PLC from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | £211.98 Million | +15.87% |
| 2023-12-31 | £182.94 Million | +16.97% |
| 2022-12-31 | £156.40 Million | -2.69% |
| 2021-12-31 | £160.72 Million | +25.61% |
| 2020-12-31 | £127.95 Million | +0.27% |
| 2019-12-31 | £127.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AVI Japan Opportunity Trust PLC'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | £1.37 Million | 0.65% |
| Other Components | £210.61 Million | 99.35% |
| Total Equity | £211.98 Million | 100.00% |
AVI Japan Opportunity Trust PLC Competitors by Market Cap
The table below lists competitors of AVI Japan Opportunity Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HIKARI TSUSHIN - Dusseldorf Stock Exchang
DU:HIK
|
$2.19 Million |
|
Lichen China Limited Class A Ordinary Shares
NASDAQ:LICN
|
$2.19 Million |
|
Image Systems AB
ST:IS
|
$2.19 Million |
|
Jeffs' Brands Ltd
NASDAQ:JFBR
|
$2.19 Million |
|
Steady Safe TBK PT
JK:SAFE
|
$2.18 Million |
|
Noviqtech Ltd
AU:NVQ
|
$2.18 Million |
|
Darelle Online Solutions Inc
V:DAR
|
$2.18 Million |
|
Ecoscience International Berhad
KLSE:0255
|
$2.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AVI Japan Opportunity Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 182,943,000 to 211,981,000, a change of 29,038,000 (15.9%).
- Net income of 38,125,000 contributed positively to equity growth.
- Dividend payments of 2,596,000 reduced retained earnings.
- Share repurchases of 6,127,000 reduced equity.
- Other comprehensive income decreased equity by 115,339,000.
- Other factors increased equity by 114,975,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | £38.12 Million | +17.99% |
| Dividends Paid | £2.60 Million | -1.22% |
| Share Repurchases | £6.13 Million | -2.89% |
| Other Comprehensive Income | £-115.34 Million | -54.41% |
| Other Changes | £114.97 Million | +54.24% |
| Total Change | £- | 15.87% |
Book Value vs Market Value Analysis
This analysis compares AVI Japan Opportunity Trust PLC'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: 119.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 127.47x to 119.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | £1.42 | £181.00 | x |
| 2020-12-31 | £1.10 | £181.00 | x |
| 2021-12-31 | £1.23 | £181.00 | x |
| 2022-12-31 | £1.14 | £181.00 | x |
| 2023-12-31 | £1.31 | £181.00 | x |
| 2024-12-31 | £1.51 | £181.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AVI Japan Opportunity Trust PLC 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): 17.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 95.62%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.07x
- Recent ROE (17.99%) is above the historical average (7.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 11.29% | 143.54% | 0.07x | 1.13x | £1.65 Million |
| 2020 | -1.30% | 0.00% | -0.01x | 1.12x | £-14.46 Million |
| 2021 | 10.91% | 94.63% | 0.10x | 1.12x | £1.46 Million |
| 2022 | -4.47% | 0.00% | -0.03x | 1.10x | £-22.63 Million |
| 2023 | 13.52% | 94.99% | 0.13x | 1.09x | £6.44 Million |
| 2024 | 17.99% | 95.62% | 0.18x | 1.07x | £16.93 Million |
Industry Comparison
This section compares AVI Japan Opportunity Trust PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $417,676,500
- Average return on equity (ROE) among peers: -75.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AVI Japan Opportunity Trust PLC (AJOT) | £211.98 Million | 11.29% | 0.07x | $2.19 Million |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $329.43 Million | -11.14% | 0.12x | $336.86 |
| Abrdn Asia Focus PLC (AAS) | $495.01 Million | 29.59% | 0.13x | $425.44 |
| Albion Technology & General VCT PLC (AATG) | $78.03 Million | -0.40% | 0.01x | $78.92 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $374.83 Million | -3.39% | 0.20x | $16.18 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $2.19K |
| Artemis UK Future Leaders plc (AFL) | $241.60 Million | 17.22% | 0.01x | $397.05 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.97 Million |