Kandi Technologies Group Inc (KNDI) - Net Assets
Based on the latest financial reports, Kandi Technologies Group Inc (KNDI) has net assets worth $355.95 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($443.35 Million) and total liabilities ($87.39 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. Also explore Kandi Technologies Group Inc total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $355.95 Million |
| % of Total Assets | 80.29% |
| Annual Growth Rate | 97.53% |
| 5-Year Change | -14.15% |
| 10-Year Change | 45.08% |
| Growth Volatility | 340.18 |
Kandi Technologies Group Inc - Net Assets Trend (2004–2024)
This chart illustrates how Kandi Technologies Group Inc's net assets have evolved over time, based on quarterly financial data. Check Kandi Technologies Group Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Kandi Technologies Group Inc (2004–2024)
The table below shows the annual net assets of Kandi Technologies Group Inc from 2004 to 2024. For live valuation and market cap data, see Kandi Technologies Group Inc (KNDI) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $346.63 Million | -14.73% |
| 2023-12-31 | $406.51 Million | +2.22% |
| 2022-12-31 | $397.69 Million | -10.27% |
| 2021-12-31 | $443.20 Million | +9.77% |
| 2020-12-31 | $403.77 Million | +85.34% |
| 2019-12-31 | $217.86 Million | -3.44% |
| 2018-12-31 | $225.62 Million | +1.18% |
| 2017-12-31 | $222.99 Million | -4.03% |
| 2016-12-31 | $232.35 Million | -2.75% |
| 2015-12-31 | $238.93 Million | +12.92% |
| 2014-12-31 | $211.58 Million | +139.01% |
| 2013-12-31 | $88.53 Million | +18.79% |
| 2012-12-31 | $74.52 Million | +33.44% |
| 2011-12-31 | $55.85 Million | +25.58% |
| 2010-12-31 | $44.47 Million | +102.42% |
| 2009-12-31 | $21.97 Million | +19.21% |
| 2008-12-31 | $18.43 Million | +41.32% |
| 2007-12-31 | $13.04 Million | +228338.38% |
| 2006-12-31 | $-5.71K | 0.00% |
| 2005-12-31 | $-5.71K | -1447.64% |
| 2004-12-31 | $424.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kandi Technologies Group Inc'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 6680479600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $87.55K | 0.03% |
| Other Comprehensive Income | $-48.10 Million | -13.95% |
| Other Components | $459.54 Million | 133.32% |
| Total Equity | $344.70 Million | 100.00% |
Kandi Technologies Group Inc Competitors by Market Cap
The table below lists competitors of Kandi Technologies Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Creek Resources Ltd
V:AMK
|
$54.98 Million |
|
Peoplein Ltd
AU:PPE
|
$54.98 Million |
|
Context Therapeutics Inc
NASDAQ:CNTX
|
$55.04 Million |
|
Citius Oncology, Inc.
NASDAQ:CTOR
|
$55.04 Million |
|
Razor Labs Ltd
TA:RZR
|
$54.96 Million |
|
Icure Pharmaceutical Incorporation
KQ:175250
|
$54.96 Million |
|
Playstudios Inc
NASDAQ:MYPS
|
$54.93 Million |
|
Flag Ship Acquisition Corp. Ordinary Shares
NASDAQ:FSHP
|
$54.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kandi Technologies Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 404,124,976 to 344,699,033, a change of -59,425,943 (-14.7%).
- Net loss of 50,496,000 reduced equity.
- Share repurchases of 3,920,000 reduced equity.
- Other comprehensive income decreased equity by 11,127,149.
- Other factors increased equity by 6,117,206.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-50.50 Million | -14.65% |
| Share Repurchases | $3.92 Million | -1.14% |
| Other Comprehensive Income | $-11.13 Million | -3.23% |
| Other Changes | $6.12 Million | +1.77% |
| Total Change | $- | -14.70% |
Book Value vs Market Value Analysis
This analysis compares Kandi Technologies Group Inc'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: 0.17x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $0.00 | $0.67 | x |
| 2004-12-31 | $0.00 | $0.67 | x |
| 2005-12-31 | $0.00 | $0.67 | x |
| 2006-12-31 | $0.00 | $0.67 | x |
| 2007-12-31 | $0.81 | $0.67 | x |
| 2008-12-31 | $0.92 | $0.67 | x |
| 2009-12-31 | $1.02 | $0.67 | x |
| 2010-12-31 | $2.01 | $0.67 | x |
| 2011-12-31 | $1.94 | $0.67 | x |
| 2012-12-31 | $2.51 | $0.67 | x |
| 2013-12-31 | $2.55 | $0.67 | x |
| 2014-12-31 | $4.95 | $0.67 | x |
| 2015-12-31 | $5.09 | $0.67 | x |
| 2016-12-31 | $4.95 | $0.67 | x |
| 2017-12-31 | $4.65 | $0.67 | x |
| 2018-12-31 | $4.41 | $0.67 | x |
| 2019-12-31 | $4.16 | $0.67 | x |
| 2020-12-31 | $7.22 | $0.67 | x |
| 2021-12-31 | $5.82 | $0.67 | x |
| 2022-12-31 | $5.25 | $0.67 | x |
| 2023-12-31 | $5.06 | $0.67 | x |
| 2024-12-31 | $4.00 | $0.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kandi Technologies Group Inc 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): -14.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.58%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.37x
- Recent ROE (-14.65%) is above the historical average (-537.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-23.45K |
| 2004 | -11865.09% | 0.00% | 0.00x | 11.14x | $-50.35K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.57K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.42K |
| 2007 | 38.56% | 14.49% | 0.62x | 4.27x | $3.72 Million |
| 2008 | 26.71% | 12.15% | 0.58x | 3.78x | $3.08 Million |
| 2009 | 4.55% | 2.96% | 0.53x | 2.92x | $-1.20 Million |
| 2010 | -2.14% | -2.22% | 0.39x | 2.46x | $-5.40 Million |
| 2011 | 16.32% | 22.69% | 0.36x | 2.01x | $3.53 Million |
| 2012 | 8.12% | 9.38% | 0.40x | 2.15x | $-1.40 Million |
| 2013 | -23.88% | -22.36% | 0.46x | 2.31x | $-29.99 Million |
| 2014 | 5.80% | 7.21% | 0.53x | 1.53x | $-8.89 Million |
| 2015 | 6.14% | 7.29% | 0.54x | 1.55x | $-9.23 Million |
| 2016 | -2.80% | -5.03% | 0.29x | 1.89x | $-29.75 Million |
| 2017 | -12.71% | -27.57% | 0.23x | 1.97x | $-50.65 Million |
| 2018 | -2.52% | -5.06% | 0.26x | 1.90x | $-28.26 Million |
| 2019 | -3.30% | -5.30% | 0.37x | 1.70x | $-28.97 Million |
| 2020 | -2.57% | -13.51% | 0.16x | 1.23x | $-50.77 Million |
| 2021 | 5.16% | 24.99% | 0.18x | 1.17x | $-21.46 Million |
| 2022 | -3.05% | -10.29% | 0.24x | 1.22x | $-51.82 Million |
| 2023 | 0.00% | 0.01% | 0.25x | 1.23x | $-40.41 Million |
| 2024 | -14.65% | -39.58% | 0.27x | 1.37x | $-84.97 Million |
Industry Comparison
This section compares Kandi Technologies Group Inc's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $340,588,726
- Average return on equity (ROE) among peers: 31.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kandi Technologies Group Inc (KNDI) | $355.95 Million | 0.00% | 0.25x | $54.97 Million |
| Brunswick Corporation (BC) | $910.70 Million | 14.16% | 1.33x | $5.14 Billion |
| BRP Inc. (DOO) | $-132.80 Million | 0.00% | 0.00x | $2.38 Billion |
| EZGO Technologies Ltd (EZGO) | $66.49 Million | -10.20% | 0.23x | $2.09 Million |
| Forza X1 Inc (FRZA) | $16.02 Million | -37.03% | 0.06x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $1.76 Billion | 24.92% | 0.78x | $2.58 Billion |
| LCI Industries (LCII) | $394.90 Million | 15.77% | 0.38x | $2.49 Billion |
| Massimo Group Common Stock (MAMO) | $23.71 Million | 6.37% | 1.17x | $41.22 Million |
| Malibu Boats Inc (MBUU) | $18.23 Million | 98.95% | 11.10x | $512.87 Million |
| MCBC Holdings Inc (MCFT) | $11.76 Million | 166.40% | 6.08x | $389.41 Million |
About Kandi Technologies Group Inc
Kandi Technologies Group, Inc., together with its subsidiaries, produces and sells electric off-road vehicles and associated parts in the People's Republic of China, the United States, and internationally. The company offers all-terrain vehicles, utility vehicles, go-karts, golf carts, electric scooters, and electric self-balancing scooters for leisure and entertainment, agricultural operations, … Read more