Ao World (AO) - Net Assets
Based on the latest financial reports, Ao World (AO) has net assets worth GBX156.10 Million GBX (≈ $18.99K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX477.90 Million ≈ $58.15K USD) and total liabilities (GBX321.80 Million ≈ $39.15K 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 AO asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX156.10 Million |
| % of Total Assets | 32.66% |
| Annual Growth Rate | 20.64% |
| 5-Year Change | 49.9% |
| 10-Year Change | 204.85% |
| Growth Volatility | 72.37 |
Ao World - Net Assets Trend (2010–2025)
This chart illustrates how Ao World's net assets have evolved over time, based on quarterly financial data. Also explore Ao World assets under control for the complete picture of this company's asset base.
Annual Net Assets for Ao World (2010–2025)
The table below shows the annual net assets of Ao World from 2010 to 2025. For live valuation and market cap data, see Ao World (AO) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX144.50 Million ≈ $17.58K |
+4.86% |
| 2024-03-31 | GBX137.80 Million ≈ $16.77K |
+30.37% |
| 2023-03-31 | GBX105.70 Million ≈ $12.86K |
+45.99% |
| 2022-03-31 | GBX72.40 Million ≈ $8.81K |
-24.90% |
| 2021-03-31 | GBX96.40 Million ≈ $11.73K |
+20.95% |
| 2020-03-31 | GBX79.70 Million ≈ $9.70K |
-7.97% |
| 2019-03-31 | GBX86.60 Million ≈ $10.54K |
+8.79% |
| 2018-03-31 | GBX79.60 Million ≈ $9.69K |
+96.54% |
| 2017-03-31 | GBX40.50 Million ≈ $4.93K |
-14.56% |
| 2016-03-31 | GBX47.40 Million ≈ $5.77K |
-19.05% |
| 2015-03-31 | GBX58.55 Million ≈ $7.12K |
+0.88% |
| 2014-03-31 | GBX58.04 Million ≈ $7.06K |
+271.45% |
| 2013-03-31 | GBX15.62 Million ≈ $1.90K |
+76.85% |
| 2012-03-31 | GBX8.84 Million ≈ $1.07K |
-21.78% |
| 2011-03-31 | GBX11.29 Million ≈ $1.37K |
+30.47% |
| 2010-03-31 | GBX8.66 Million ≈ $1.05K |
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Equity Component Analysis
This analysis shows how different components contribute to Ao World'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 797.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX1.50 Million | 1.04% |
| Other Components | GBX165.80 Million | 114.74% |
| Total Equity | GBX144.50 Million | 100.00% |
Ao World Competitors by Market Cap
The table below lists competitors of Ao World ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ChargePanel AB
ST:CHARGE
|
$5.99 Million |
|
Biofil Chemicals & Pharmaceuticals Limited
NSE:BIOFILCHEM
|
$5.99 Million |
|
Carlin Gold Corporation
V:CGD
|
$6.00 Million |
|
Signature Resources Ltd
V:SGU
|
$6.01 Million |
|
Canterbury Resources Ltd
AU:CBY
|
$5.98 Million |
|
DONTNOD Entertainment SA
PA:ALDNE
|
$5.98 Million |
|
ISE Commerce Company Limited
KQ:069920
|
$5.98 Million |
|
QX Resources Ltd
AU:QXR
|
$5.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ao World's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 137,800,000 to 144,500,000, a change of 6,700,000 (4.9%).
- Net income of 10,500,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 64,400,000.
- Other factors increased equity by 71,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX10.50 Million | +7.27% |
| Other Comprehensive Income | GBX-64.40 Million | -44.57% |
| Other Changes | GBX71.60 Million | +49.55% |
| Total Change | GBX- | 4.86% |
Book Value vs Market Value Analysis
This analysis compares Ao World'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: 362.16x
- 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 3287.90x to 362.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-03-31 | GBX0.03 | GBX88.20 | x |
| 2012-03-31 | GBX0.02 | GBX88.20 | x |
| 2013-03-31 | GBX0.04 | GBX88.20 | x |
| 2014-03-31 | GBX0.14 | GBX88.20 | x |
| 2015-03-31 | GBX0.14 | GBX88.20 | x |
| 2016-03-31 | GBX0.11 | GBX88.20 | x |
| 2017-03-31 | GBX0.10 | GBX88.20 | x |
| 2018-03-31 | GBX0.18 | GBX88.20 | x |
| 2019-03-31 | GBX0.19 | GBX88.20 | x |
| 2020-03-31 | GBX0.17 | GBX88.20 | x |
| 2021-03-31 | GBX0.20 | GBX88.20 | x |
| 2022-03-31 | GBX0.15 | GBX88.20 | x |
| 2023-03-31 | GBX0.19 | GBX88.20 | x |
| 2024-03-31 | GBX0.23 | GBX88.20 | x |
| 2025-03-31 | GBX0.24 | GBX88.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ao World 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): 7.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.92%
- • Asset Turnover: 2.67x
- • Equity Multiplier: 2.95x
- Recent ROE (7.27%) is above the historical average (-2.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 23.36% | 1.61% | 4.44x | 3.27x | GBX1.51 Million |
| 2012 | -15.52% | -0.65% | 4.63x | 5.12x | GBX-2.25 Million |
| 2013 | 43.46% | 2.46% | 4.01x | 4.40x | GBX5.23 Million |
| 2014 | -16.49% | -2.49% | 2.99x | 2.22x | GBX-15.38 Million |
| 2015 | -4.30% | -0.53% | 3.11x | 2.61x | GBX-8.37 Million |
| 2016 | -12.42% | -1.00% | 3.57x | 3.48x | GBX-10.83 Million |
| 2017 | -15.64% | -0.94% | 3.45x | 4.81x | GBX-10.82 Million |
| 2018 | -16.50% | -1.68% | 3.08x | 3.19x | GBX-21.52 Million |
| 2019 | -20.00% | -1.94% | 2.38x | 4.33x | GBX-26.25 Million |
| 2020 | 2.11% | 0.16% | 2.33x | 5.56x | GBX-6.37 Million |
| 2021 | 18.12% | 1.07% | 2.70x | 6.30x | GBX7.93 Million |
| 2022 | -41.42% | -1.95% | 2.84x | 7.48x | GBX-37.74 Million |
| 2023 | -2.46% | -0.23% | 2.47x | 4.35x | GBX-13.17 Million |
| 2024 | 17.92% | 2.38% | 2.35x | 3.21x | GBX10.92 Million |
| 2025 | 7.27% | 0.92% | 2.67x | 2.95x | GBX-3.95 Million |
Industry Comparison
This section compares Ao World's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $485,805,694
- Average return on equity (ROE) among peers: 56.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ao World (AO) | GBX156.10 Million | 23.36% | 2.06x | $5.99 Million |
| Angling Direct PLC (ANG) | $37.29 Million | 1.45% | 0.56x | $435.30K |
| Card Factory PLC (CARD) | $282.90 Million | 11.74% | 0.78x | $2.84 Million |
| Currys PLC (CURY) | $2.07 Billion | 7.96% | 1.56x | $16.12 Million |
| DFS Furniture PLC (DFS) | $229.00 Million | -1.92% | 3.57x | $3.50 Million |
| Dunelm Group PLC (DNLM) | $99.60 Million | 102.71% | 2.48x | $18.52 Million |
| Frasers Group PLC (FRAS) | $1.21 Billion | -6.85% | 2.13x | $34.20 Million |
| Halfords Group PLC (HFD) | $409.30 Million | 10.24% | 0.78x | $3.95 Million |
| IG Design Group plc (IGR) | $28.74 Million | 30.38% | 1.85x | $805.94K |
| musicMagpie PLC (MMAG) | $2.42 Million | 354.13% | 10.73x | $8.10K |
About Ao World
AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances and ancillary services in the United Kingdom and Germany. It retails fridges and freezers, laundry products, and dishwashers, as well as smart tech, computing, and TV and entertainment products through its e-commerce platforms. The company also engages in the production of content, including image… Read more