Miniso Group Holding Ltd
MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal ca… Read more
Miniso Group Holding Ltd (MNSO) - Net Assets
Latest net assets as of September 2025: $10.83 Billion USD
Based on the latest financial reports, Miniso Group Holding Ltd (MNSO) has net assets worth $10.83 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($28.67 Billion) and total liabilities ($17.84 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 | $10.83 Billion |
| % of Total Assets | 37.77% |
| Annual Growth Rate | 51.52% |
| 5-Year Change | 55.67% |
| 10-Year Change | N/A |
| Growth Volatility | 53.99 |
Miniso Group Holding Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Miniso Group Holding 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 Miniso Group Holding Ltd (2017–2024)
The table below shows the annual net assets of Miniso Group Holding Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.36 Billion | +12.67% |
| 2023-12-31 | $9.19 Billion | +30.79% |
| 2022-12-31 | $7.03 Billion | +5.64% |
| 2021-12-31 | $6.65 Billion | 0.00% |
| 2020-12-31 | $6.65 Billion | +2159.20% |
| 2019-12-31 | $-323.05 Million | -183.44% |
| 2018-12-31 | $-113.97 Million | -120.19% |
| 2017-12-31 | $564.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Miniso Group Holding 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 grown by 2839.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.30 Billion | 41.71% |
| Common Stock | $94.00K | 0.00% |
| Other Comprehensive Income | $368.08 Million | 3.57% |
| Other Components | $5.64 Billion | 54.72% |
| Total Equity | $10.31 Billion | 100.00% |
Miniso Group Holding Ltd Competitors by Market Cap
The table below lists competitors of Miniso Group Holding Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Tuopu Group Co Ltd
SHG:601689
|
$6.12 Billion |
|
SK Holdings 1p Pref
KO:03473K
|
$6.13 Billion |
|
The Indian Hotels Company Limited
NSE:INDHOTEL
|
$6.13 Billion |
|
Sealed Air Corporation
NYSE:SEE
|
$6.13 Billion |
|
IHH Healthcare Bhd
KLSE:5225
|
$6.11 Billion |
|
The Siam Commercial Bank Public Company Limited
BK:SCB-R
|
$6.11 Billion |
|
Venture Global, Inc.
NYSE:VG
|
$6.10 Billion |
|
Healthcare Realty Trust Incorporated
NYSE:HR
|
$6.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Miniso Group Holding Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,168,195,000 to 10,314,974,000, a change of 1,146,779,000 (12.5%).
- Net income of 2,617,560,000 contributed positively to equity growth.
- Dividend payments of 1,244,251,000 reduced retained earnings.
- Share repurchases of 313,416,000 reduced equity.
- Other comprehensive income decreased equity by 733,494,000.
- Other factors increased equity by 820,380,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.62 Billion | +25.38% |
| Dividends Paid | $1.24 Billion | -12.06% |
| Share Repurchases | $313.42 Million | -3.04% |
| Other Comprehensive Income | $-733.49 Million | -7.11% |
| Other Changes | $820.38 Million | +7.95% |
| Total Change | $- | 12.51% |
Book Value vs Market Value Analysis
This analysis compares Miniso Group Holding 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: 0.53x
- 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 37.81x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.46 | $17.51 | x |
| 2018-12-31 | $-0.41 | $17.51 | x |
| 2019-12-31 | $-1.11 | $17.51 | x |
| 2020-12-31 | $24.12 | $17.51 | x |
| 2021-12-31 | $24.12 | $17.51 | x |
| 2022-12-31 | $23.12 | $17.51 | x |
| 2023-12-31 | $29.30 | $17.51 | x |
| 2024-12-31 | $33.09 | $17.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Miniso Group Holding 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): 25.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.40%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.76x
- Recent ROE (25.38%) is above the historical average (2.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -3.09% | 1.80x | 0.00x | $-278.17 Million |
| 2019 | 0.00% | -2.92% | 1.54x | 0.00x | $-228.60 Million |
| 2020 | -21.47% | -15.76% | 0.85x | 1.61x | $-2.10 Billion |
| 2021 | -21.25% | -15.60% | 0.85x | 1.61x | $-2.08 Billion |
| 2022 | 9.08% | 40.85% | 0.14x | 1.60x | $-64.99 Million |
| 2023 | 24.58% | 104.58% | 0.15x | 1.58x | $1.34 Billion |
| 2024 | 25.38% | 15.40% | 0.94x | 1.76x | $1.59 Billion |
Industry Comparison
This section compares Miniso Group Holding Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $866,355,577
- Average return on equity (ROE) among peers: 86.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Miniso Group Holding Ltd (MNSO) | $10.83 Billion | 0.00% | 1.65x | $6.12 Billion |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $8.70 Million |
| Alimentation Couchen Tard Inc A (ANCTF) | $3.22 Billion | 17.81% | 2.28x | $37.28 Billion |
| Arhaus Inc (ARHS) | $3.03 Million | 248.25% | 87.69x | $382.69 Million |
| Arko Corp (ARKO) | $194.89 Million | -22.34% | 8.48x | $238.69 Million |
| Academy Sports Outdoors Inc (ASO) | $857.04 Million | 2.50% | 2.78x | $3.28 Billion |
| BARK, Inc. (BARK) | $203.74 Million | -15.41% | 0.25x | $89.87 Million |
| Build-A-Bear Workshop Inc (BBW) | $88.73 Million | 0.29% | 2.35x | $438.23 Million |
| Bath & Body Works Inc. (BBWI) | $2.27 Billion | 20.34% | 0.80x | $4.13 Billion |
| Best Buy Co. Inc (BBY) | $1.82 Billion | 21.73% | 1.66x | $12.17 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $3.67 Million | 519.38% | 69.22x | $29.90 Million |