Tian Ruixiang Holdings Ltd
Tian Ruixiang Holdings Ltd., together its subsidiaries, operates as an insurance broker in China. It distributes property and casualty insurance products, such as commercial property, liability, accidental, and automobile insurance; and health, life, and miscellaneous insurance products. Tian Ruixiang Holdings Ltd. was founded in 2010 and is headquartered in Beijing, China.
Tian Ruixiang Holdings Ltd (TIRX) - Net Assets
Latest net assets as of July 2025: $-3.17 Million USD
Based on the latest financial reports, Tian Ruixiang Holdings Ltd (TIRX) has net assets worth $-3.17 Million USD as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.04 Million) and total liabilities ($9.21 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 | $-3.17 Million |
| % of Total Assets | -52.54% |
| Annual Growth Rate | 73.41% |
| 5-Year Change | 292.31% |
| 10-Year Change | N/A |
| Growth Volatility | 331.38 |
Tian Ruixiang Holdings Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Tian Ruixiang Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tian Ruixiang Holdings Ltd (2017–2024)
The table below shows the annual net assets of Tian Ruixiang Holdings Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $33.89 Million | +4.54% |
| 2023-10-31 | $32.42 Million | -3.18% |
| 2022-10-31 | $33.48 Million | -14.14% |
| 2021-10-31 | $38.99 Million | +351.40% |
| 2020-10-31 | $8.64 Million | +13.98% |
| 2019-10-31 | $7.58 Million | +1.41% |
| 2018-10-31 | $7.47 Million | +940.25% |
| 2017-10-31 | $718.44K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tian Ruixiang Holdings Ltd'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 1145497300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $59.61K | 0.18% |
| Other Comprehensive Income | $-2.60 Million | -7.67% |
| Other Components | $48.76 Million | 143.88% |
| Total Equity | $33.89 Million | 100.00% |
Tian Ruixiang Holdings Ltd Competitors by Market Cap
The table below lists competitors of Tian Ruixiang Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Evolution Metals & Technologies Corp. Common Stock
NASDAQ:EMAT
|
$1.43 Million |
|
Earth Alive Clean Technologies Inc
V:EAC
|
$1.43 Million |
|
Muza S.A
WAR:MZA
|
$1.43 Million |
|
Readcrest Capital AG
XETRA:EXJ
|
$1.43 Million |
|
Rallye SA
PA:RAL
|
$1.43 Million |
|
Madhucon Projects Limited
NSE:MADHUCON
|
$1.43 Million |
|
Eat Beyond Global Holdings Inc
PINK:EATBF
|
$1.43 Million |
|
MACDONALD MNS EXPL. A
F:3M7
|
$1.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tian Ruixiang Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,416,512 to 33,889,728, a change of 1,473,216 (4.5%).
- Net loss of 3,986,925 reduced equity.
- Other comprehensive income decreased equity by 2,598,587.
- Other factors increased equity by 8,058,728.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.99 Million | -11.76% |
| Other Comprehensive Income | $-2.60 Million | -7.67% |
| Other Changes | $8.06 Million | +23.78% |
| Total Change | $- | 4.54% |
Book Value vs Market Value Analysis
This analysis compares Tian Ruixiang Holdings Ltd'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: 0.18x
- 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 1.06x to 0.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | $0.18 | $0.19 | x |
| 2018-10-31 | $1.87 | $0.19 | x |
| 2019-10-31 | $1.89 | $0.19 | x |
| 2020-10-31 | $1.35 | $0.19 | x |
| 2021-10-31 | $5.66 | $0.19 | x |
| 2022-10-31 | $3.23 | $0.19 | x |
| 2023-10-31 | $223.58 | $0.19 | x |
| 2024-10-31 | $1.03 | $0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tian Ruixiang Holdings Ltd 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): -11.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -123.84%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.18x
- Recent ROE (-11.76%) is below the historical average (15.06%), 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 | 134.09% | 62.91% | 1.55x | 1.38x | $891.48K |
| 2018 | 15.01% | 36.32% | 0.35x | 1.17x | $374.12K |
| 2019 | 2.32% | 8.78% | 0.24x | 1.11x | $-582.05K |
| 2020 | 7.34% | 19.51% | 0.32x | 1.16x | $-229.72K |
| 2021 | -4.99% | -69.68% | 0.07x | 1.03x | $-5.84 Million |
| 2022 | -13.99% | -346.48% | 0.04x | 1.05x | $-8.03 Million |
| 2023 | -7.57% | -197.23% | 0.04x | 1.09x | $-5.70 Million |
| 2024 | -11.76% | -123.84% | 0.08x | 1.18x | $-7.38 Million |
Industry Comparison
This section compares Tian Ruixiang Holdings Ltd's net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $1,782,205,063
- Average return on equity (ROE) among peers: 13.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tian Ruixiang Holdings Ltd (TIRX) | $-3.17 Million | 134.09% | N/A | $1.43 Million |
| Fanhua Inc. (AIFU) | $3.33 Billion | 4.85% | 0.12x | $1.00 Million |
| Arthur J Gallagher & Co (AJG) | $3.23 Billion | 9.39% | 2.10x | $52.50 Billion |
| Aon PLC (AON) | $9.55 Billion | 38.70% | 4.32x | $67.85 Billion |
| Accelerant Holdings (ARX) | $427.00 Million | 6.37% | 13.27x | $639.85 Million |
| Brown & Brown Inc (BRO) | $27.20 Million | 29.41% | 3.90x | $20.31 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $-96.25 Million | 0.00% | 0.00x | $1.98 Billion |
| Crawford & Company (CRD-B) | $207.80 Million | 17.08% | 0.52x | $207.40 Million |
| CorVel Corp (CRVL) | $194.81 Million | 23.97% | 0.63x | $1.54 Billion |
| China United Insurance Service Inc (CUII) | $45.75 Million | 12.89% | 0.95x | $1.56K |
| eHealth Inc (EHTH) | $904.08 Million | -3.12% | 0.23x | $39.37 Million |