Maase Inc. (MAAS) - Net Assets
Based on the latest financial reports, Maase Inc. (MAAS) has net assets worth $2.96 Billion USD as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.56 Billion) and total liabilities ($1.61 Billion). 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 financial resilience of Maase Inc. to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.96 Billion |
| % of Total Assets | 64.78% |
| Annual Growth Rate | 49.44% |
| 5-Year Change | 612.51% |
| 10-Year Change | N/A |
| Growth Volatility | 388.58 |
Maase Inc. - Net Assets Trend (2017–2024)
This chart illustrates how Maase Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore MAAS total asset value for the complete picture of this company's asset base.
Annual Net Assets for Maase Inc. (2017–2024)
The table below shows the annual net assets of Maase Inc. from 2017 to 2024. For live valuation and market cap data, see how much is Maase Inc. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $2.64 Billion | +1116.26% |
| 2023-06-30 | $217.03 Million | -16.54% |
| 2022-06-30 | $260.05 Million | -18.81% |
| 2021-06-30 | $320.30 Million | -13.54% |
| 2020-06-30 | $370.48 Million | -8.20% |
| 2019-06-30 | $403.58 Million | +108.40% |
| 2018-06-30 | $193.65 Million | +22.14% |
| 2017-06-30 | $158.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Maase 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 760.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.62 Million | 0.20% |
| Other Comprehensive Income | $20.77 Million | 1.62% |
| Other Components | $1.58 Billion | 123.18% |
| Total Equity | $1.29 Billion | 100.00% |
Maase Inc. Competitors by Market Cap
The table below lists competitors of Maase Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Premium Brands Holdings Corporation
TO:PBH
|
$3.39 Billion |
|
Financière Amuse TopCo SAS
ST:ASMDEE-B
|
$3.39 Billion |
|
Yunnan Xiyi Industrial Co Ltd
SHE:002265
|
$3.40 Billion |
|
China International Marine Containers (Group) Co. Ltd
F:OCM
|
$3.40 Billion |
|
Constellium Nv
NYSE:CSTM
|
$3.39 Billion |
|
Procter & Gamble Hygiene and Health Care Limited
NSE:PGHH
|
$3.39 Billion |
|
Grenergy Renovables S.A
MC:GRE
|
$3.39 Billion |
|
Bilfinger SE
XETRA:GBF
|
$3.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maase Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 217,034,000 to 1,285,122,000, a change of 1,068,088,000 (492.1%).
- Net loss of 289,670,000 reduced equity.
- Share repurchases of 10,028,000 reduced equity.
- New share issuances of 44,968,000 increased equity.
- Other comprehensive income decreased equity by 2,467,000.
- Other factors increased equity by 1,325,285,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-289.67 Million | -22.54% |
| Share Repurchases | $10.03 Million | -0.78% |
| Share Issuances | $44.97 Million | +3.5% |
| Other Comprehensive Income | $-2.47 Million | -0.19% |
| Other Changes | $1.33 Billion | +103.13% |
| Total Change | $- | 492.13% |
Book Value vs Market Value Analysis
This analysis compares Maase 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: 0.51x
- 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 4.09x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | $2.65 | $10.85 | x |
| 2018-06-30 | $3.30 | $10.85 | x |
| 2019-06-30 | $7.07 | $10.85 | x |
| 2020-06-30 | $6.10 | $10.85 | x |
| 2021-06-30 | $5.31 | $10.85 | x |
| 2022-06-30 | $4.31 | $10.85 | x |
| 2023-06-30 | $3.60 | $10.85 | x |
| 2024-06-30 | $21.31 | $10.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maase 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): -22.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.44%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 3.33x
- Recent ROE (-22.54%) is below the historical average (-1.95%), 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 | 25.43% | 24.29% | 0.81x | 1.29x | $22.94 Million |
| 2018 | 34.96% | 38.96% | 0.73x | 1.22x | $46.12 Million |
| 2019 | 13.37% | 26.34% | 0.42x | 1.20x | $13.49 Million |
| 2020 | -8.94% | -25.41% | 0.30x | 1.18x | $-69.70 Million |
| 2021 | -14.48% | -24.25% | 0.41x | 1.46x | $-78.40 Million |
| 2022 | -23.33% | -32.14% | 0.41x | 1.78x | $-86.67 Million |
| 2023 | -20.08% | -38.08% | 0.43x | 1.22x | $-65.28 Million |
| 2024 | -22.54% | -24.44% | 0.28x | 3.33x | $-418.18 Million |
Industry Comparison
This section compares Maase Inc.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,354,468,176
- Average return on equity (ROE) among peers: -6.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maase Inc. (MAAS) | $2.96 Billion | 25.43% | 0.54x | $3.39 Billion |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $132.50 Million | 58.57% | 1.67x | $3.47 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $367.10 Million | 72.82% | 0.03x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.53 Million | -55.38% | 0.03x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $85.02 Million | -7.77% | 0.44x | $354.53 Million |
| Affiliated Managers Group Inc (AMG) | $4.97 Billion | 4.90% | 0.65x | $8.51 Billion |
| Ameriprise Financial Inc (AMP) | $6.45 Billion | 10.45% | 10.54x | $40.50 Billion |
| AMTD IDEA Group (AMTD) | $602.83 Million | 14.44% | 3.67x | $42.12 Million |
About Maase Inc.
Maase Inc. provides technological intelligence and capital investment services in China. The company operates a technology-driven independent financial service platform traded on the Nasdaq; and provides independent wealth management services. The company was founded in 2010 and is based in Chengdu, the People's Republic of China.