BEST Inc
BEST Inc. operates as a smart supply chain service provider in the People's Republic of China and Indonesia. The company operates through four segments: Freight Delivery, Supply Chain Management, Global Logistics, and Others. Its proprietary technology platform, BEST Cloud, which enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company ap… Read more
BEST Inc (BEST) - Net Assets
Latest net assets as of March 2024: $-231.34 Million USD
Based on the latest financial reports, BEST Inc (BEST) has net assets worth $-231.34 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.90 Billion) and total liabilities ($6.13 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-231.34 Million |
| % of Total Assets | -3.92% |
| Annual Growth Rate | N/A |
| 5-Year Change | -101.79% |
| 10-Year Change | N/A |
| Growth Volatility | 45.58 |
BEST Inc - Net Assets Trend (2015–2023)
This chart illustrates how BEST Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BEST Inc (2015–2023)
The table below shows the annual net assets of BEST Inc from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-69.91 Million | -108.70% |
| 2022-12-31 | $803.75 Million | -63.74% |
| 2021-12-31 | $2.22 Billion | +28.54% |
| 2020-12-31 | $1.72 Billion | -55.95% |
| 2019-12-31 | $3.92 Billion | -5.43% |
| 2018-12-31 | $4.14 Billion | -5.74% |
| 2017-12-31 | $4.39 Billion | +132.52% |
| 2016-12-31 | $-13.51 Billion | -68.28% |
| 2015-12-31 | $-8.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BEST 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 1170126600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $25.99 Million | % |
| Other Comprehensive Income | $119.17 Million | % |
| Other Components | $19.51 Billion | % |
| Total Equity | $-98.15 Million | 100.00% |
BEST Inc Competitors by Market Cap
The table below lists competitors of BEST Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Southern Michigan Bancorp Inc
PINK:SOMC
|
$56.12 Million |
|
Loxley Public Company Limited
BK:LOXLEY
|
$56.12 Million |
|
Pang Rim Spinn
KO:003610
|
$56.13 Million |
|
KP Tissue Inc
PINK:KPTSF
|
$56.14 Million |
|
CLERHP Estructuras S.A
MC:CLR
|
$56.08 Million |
|
Shinil Electronics Co
KO:002700
|
$56.04 Million |
|
Honma Golf Limited
F:HF5
|
$56.02 Million |
|
Aris Gold Corporation
V:CGC
|
$56.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BEST Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 697,009,000 to -98,152,000, a change of -795,161,000 (-114.1%).
- Net loss of 814,402,000 reduced equity.
- Share repurchases of 23,853,000 reduced equity.
- Other comprehensive income decreased equity by 5,295,001.
- Other factors increased equity by 48,389,001.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-814.40 Million | -829.74% |
| Share Repurchases | $23.85 Million | -24.3% |
| Other Comprehensive Income | $-5.30 Million | -5.39% |
| Other Changes | $48.39 Million | +49.3% |
| Total Change | $- | -114.08% |
Book Value vs Market Value Analysis
This analysis compares BEST 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $-21.26 | $107.00 | x |
| 2016-12-31 | $-35.77 | $107.00 | x |
| 2017-12-31 | $11.73 | $107.00 | x |
| 2018-12-31 | $10.68 | $107.00 | x |
| 2019-12-31 | $10.07 | $107.00 | x |
| 2020-12-31 | $4.52 | $107.00 | x |
| 2021-12-31 | $3.91 | $107.00 | x |
| 2022-12-31 | $1.77 | $107.00 | x |
| 2023-12-31 | $-0.26 | $107.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BEST 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.79%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-45.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | -20.16% | 2.30x | 0.00x | $-256.73 Million |
| 2016 | 0.00% | -15.42% | 1.40x | 0.00x | $-12.67 Million |
| 2017 | -27.96% | -6.14% | 1.84x | 2.48x | $-1.67 Billion |
| 2018 | -12.28% | -1.82% | 2.26x | 2.99x | $-921.80 Million |
| 2019 | -5.58% | -0.62% | 1.80x | 4.97x | $-610.80 Million |
| 2020 | -96.13% | -5.61% | 1.51x | 11.33x | $-1.86 Billion |
| 2021 | -61.02% | -11.06% | 1.01x | 5.46x | $-1.47 Billion |
| 2022 | -210.16% | -18.92% | 0.99x | 11.20x | $-1.53 Billion |
| 2023 | 0.00% | -9.79% | 1.33x | 0.00x | $-804.59 Million |
Industry Comparison
This section compares BEST Inc's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $114,851,660
- Average return on equity (ROE) among peers: -57.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BEST Inc (BEST) | $-231.34 Million | 0.00% | N/A | $56.09 Million |
| ArcBest Corp (ARCB) | $233.70 Million | 8.69% | 0.92x | $1.88 Billion |
| Celadon Group Inc (CGIP) | $53.94 Million | 3.17% | 2.52x | $2.72K |
| Covenant Logistics Group, Inc. (CVLG) | $167.82 Million | 7.08% | 1.33x | $367.33 Million |
| Elite Express Holding Inc. Class A Common Stock (ETS) | $39.96K | -521.47% | 17.10x | $2.63 Million |
| EVO Transportation & Energy Services Inc (EVOA) | $-153.04K | 0.00% | 0.00x | $37.78 Million |
| Knight Transportation Inc (KNX) | $352.93 Million | 17.49% | 0.37x | $8.27 Billion |
| Link Reservations Inc (LRSV) | $-162.49K | 0.00% | 0.00x | $9.26 |
| Mogul Energy International Inc (MGUY) | $1.22 Million | -49.02% | 0.33x | $61.05K |
| Mullen Group Ltd (MLLGF) | $224.33 Million | 14.45% | 0.70x | $744.68 Million |