Majestic Ideal Holdings Ltd Ordinary Shares
Ping An Biomedical Co., Ltd., through its subsidiaries, provides supply chain management services in the apparel industry in China. Its services include market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management. The company offers a range of yarn products, textiles, and finished garments; and real estate property investm… Read more
Majestic Ideal Holdings Ltd Ordinary Shares (MJID) - Net Assets
Latest net assets as of September 2024: $-7.19 Million USD
Based on the latest financial reports, Majestic Ideal Holdings Ltd Ordinary Shares (MJID) has net assets worth $-7.19 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($56.85 Million) and total liabilities ($64.04 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 | $-7.19 Million |
| % of Total Assets | -12.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Majestic Ideal Holdings Ltd Ordinary Shares - Net Assets Trend (2021–2024)
This chart illustrates how Majestic Ideal Holdings Ltd Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Majestic Ideal Holdings Ltd Ordinary Shares (2021–2024)
The table below shows the annual net assets of Majestic Ideal Holdings Ltd Ordinary Shares from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $-7.19 Million | -22.67% |
| 2023-09-30 | $-5.86 Million | -227.40% |
| 2022-09-30 | $4.60 Million | +323.00% |
| 2021-09-30 | $-2.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Majestic Ideal Holdings Ltd Ordinary Shares'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 614863700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.03 Million | % |
| Total Equity | $-7.19 Million | 100.00% |
Majestic Ideal Holdings Ltd Ordinary Shares Competitors by Market Cap
The table below lists competitors of Majestic Ideal Holdings Ltd Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pasquarelli Auto S.p.A.
F:O01
|
$8.75K |
|
Transnational Group Inc
PINK:TAMG
|
$8.75K |
|
CSE GLOBAL (XCC.SG)
STU:XCC
|
$8.75K |
|
Music Licensing Inc.
PINK:SONG
|
$8.75K |
|
Technomeca Aerospace S.A.
MC:TQT
|
$8.72K |
|
VGS
VN:VGS
|
$8.72K |
|
Carr's Group plc
LSE:CARR
|
$8.72K |
|
Jinyoung Co. Ltd.
KO:285800
|
$8.71K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Majestic Ideal Holdings Ltd Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -5,859,593 to -7,188,181, a change of -1,328,588.
- Net loss of 1,284,172 reduced equity.
- Dividend payments of 322,412 reduced retained earnings.
- Other factors increased equity by 277,996.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.28 Million | -17.87% |
| Dividends Paid | $322.41K | -4.49% |
| Other Changes | $278.00K | +3.87% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Majestic Ideal Holdings Ltd Ordinary Shares'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | $-0.10 | $0.95 | x |
| 2022-09-30 | $0.22 | $0.95 | x |
| 2023-09-30 | $-0.29 | $0.95 | x |
| 2024-09-30 | $-0.35 | $0.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Majestic Ideal Holdings Ltd Ordinary Shares 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.47%
- • Asset Turnover: 1.54x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (39.28%), 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 | 0.00% | 5.24% | 1.35x | 0.00x | $5.42 Million |
| 2022 | 157.12% | 6.31% | 1.40x | 17.82x | $6.77 Million |
| 2023 | 0.00% | -1.20% | 1.03x | 0.00x | $-407.98K |
| 2024 | 0.00% | -1.47% | 1.54x | 0.00x | $-565.35K |
Industry Comparison
This section compares Majestic Ideal Holdings Ltd Ordinary Shares's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $285,703,105
- Average return on equity (ROE) among peers: 3.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Majestic Ideal Holdings Ltd Ordinary Shares (MJID) | $-7.19 Million | 0.00% | N/A | $8.73K |
| Albany International Corporation (AIN) | $513.57 Million | 8.09% | 1.00x | $1.55 Billion |
| AUUAF (AUUAF) | $11.87 Million | -43.42% | 0.28x | $34.94 Million |
| Avalanche International Corp (AVLP) | $-17.63K | 0.00% | 0.00x | $4.82K |
| Coats Group plc (CGGGF) | $699.30 Million | -2.10% | 1.75x | $1.53 Billion |
| Culp, Inc. Common Stock (CULP) | $62.60 Million | 12.30% | 1.63x | $29.15 Million |
| The Dixie Group Inc (DXYN) | $47.50 Million | 14.95% | 0.81x | $4.29 Million |
| Aquafil S.p.A (ECNLF) | $142.34 Million | 6.33% | 3.34x | $45.06 Million |
| Lenzing Aktiengesellschaft (LNZNF) | $1.09 Billion | 4.60% | 1.24x | $406.21 Million |
| Lizhan Environmental Corporation (LZENF) | $4.71 Million | 31.55% | 1.99x | $0.91 |