Full Truck Alliance Co Ltd ADR (YMM) - Net Assets
Based on the latest financial reports, Full Truck Alliance Co Ltd ADR (YMM) has net assets worth $41.02 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($44.64 Billion) and total liabilities ($3.62 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 tangible equity quality of Full Truck Alliance Co Ltd ADR to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $41.02 Billion |
| % of Total Assets | 91.88% |
| Annual Growth Rate | 18.98% |
| 5-Year Change | 30.98% |
| 10-Year Change | N/A |
| Growth Volatility | 20.14 |
Full Truck Alliance Co Ltd ADR - Net Assets Trend (2019–2025)
This chart illustrates how Full Truck Alliance Co Ltd ADR's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Full Truck Alliance Co Ltd ADR to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Full Truck Alliance Co Ltd ADR (2019–2025)
The table below shows the annual net assets of Full Truck Alliance Co Ltd ADR from 2019 to 2025. For live valuation and market cap data, see Full Truck Alliance Co Ltd ADR market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $41.30 Billion | +8.29% |
| 2024-12-31 | $38.14 Billion | +6.24% |
| 2023-12-31 | $35.89 Billion | +6.18% |
| 2022-12-31 | $33.81 Billion | +7.23% |
| 2021-12-31 | $31.53 Billion | +36.77% |
| 2020-12-31 | $23.05 Billion | +58.39% |
| 2019-12-31 | $14.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Full Truck Alliance Co Ltd ADR'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 287062656900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.35 Million | 0.00% |
| Other Comprehensive Income | $2.72 Billion | 6.80% |
| Other Components | $44.36 Billion | 110.73% |
| Total Equity | $40.06 Billion | 100.00% |
Full Truck Alliance Co Ltd ADR Competitors by Market Cap
The table below lists competitors of Full Truck Alliance Co Ltd ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FactSet Research Systems Inc
NYSE:FDS
|
$7.99 Billion |
|
Vietnam Prosperity Joint Stock Commercial Bank
VN:VPB
|
$7.99 Billion |
|
Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia
SHE:002128
|
$7.99 Billion |
|
Fortune Electric Co Ltd
TW:1519
|
$7.99 Billion |
|
Abivax SA American Depositary Shares
NASDAQ:ABVX
|
$7.98 Billion |
|
Wolong Electric Group Co Ltd
SHG:600580
|
$7.98 Billion |
|
Columbia Banking System Inc
NASDAQ:COLB
|
$7.97 Billion |
|
Nippon Life India Asset Management Limited
NSE:NAM-INDIA
|
$7.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Full Truck Alliance Co Ltd ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 37,676,726,000 to 40,056,695,557, a change of 2,379,969,557 (6.3%).
- Net income of 4,408,169,000 contributed positively to equity growth.
- Dividend payments of 1,425,136,000 reduced retained earnings.
- Share repurchases of 406,936,000 reduced equity.
- Other comprehensive income decreased equity by 500,142,612.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.41 Billion | +11.0% |
| Dividends Paid | $1.43 Billion | -3.56% |
| Share Repurchases | $406.94 Million | -1.02% |
| Other Comprehensive Income | $-500.14 Million | -1.25% |
| Other Changes | $304.02 Million | +0.76% |
| Total Change | $- | 6.32% |
Book Value vs Market Value Analysis
This analysis compares Full Truck Alliance Co Ltd ADR'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: 0.22x
- 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 0.63x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $13.40 | $8.50 | x |
| 2020-12-31 | $21.23 | $8.50 | x |
| 2021-12-31 | $29.24 | $8.50 | x |
| 2022-12-31 | $31.19 | $8.50 | x |
| 2023-12-31 | $33.65 | $8.50 | x |
| 2024-12-31 | $36.05 | $8.50 | x |
| 2025-12-31 | $38.28 | $8.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Full Truck Alliance Co Ltd ADR 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): 11.00%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.29%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.11x
- Recent ROE (11.00%) is above the historical average (-1.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -10.47% | -61.61% | 0.15x | 1.17x | $-2.98 Billion |
| 2020 | -15.06% | -134.49% | 0.10x | 1.09x | $-5.78 Billion |
| 2021 | -11.62% | -78.47% | 0.14x | 1.09x | $-6.80 Billion |
| 2022 | 1.21% | 6.04% | 0.18x | 1.09x | $-2.96 Billion |
| 2023 | 6.22% | 26.23% | 0.21x | 1.11x | $-1.35 Billion |
| 2024 | 8.15% | 27.32% | 0.27x | 1.10x | $-697.82 Million |
| 2025 | 11.00% | 35.29% | 0.28x | 1.11x | $402.50 Million |
Industry Comparison
This section compares Full Truck Alliance Co Ltd ADR's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $961,395,124
- Average return on equity (ROE) among peers: -36.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Full Truck Alliance Co Ltd ADR (YMM) | $41.02 Billion | -10.47% | 0.09x | $7.98 Billion |
| Adobe Systems Incorporated (ADBE) | $616.97 Million | 33.33% | 0.51x | $79.34 Billion |
| ADEIA CORP (ADEA) | $418.32 Million | 10.79% | 0.06x | $3.40 Billion |
| Automatic Data Processing Inc (ADP) | $3.41 Billion | 17.77% | 0.52x | $87.45 Billion |
| Autodesk Inc (ADSK) | $296.90 Million | 20.95% | 0.36x | $40.93 Billion |
| AudioEye Inc (AEYE) | $1.57 Million | -497.00% | 4.84x | $71.03 Million |
| Agilysys Inc (AGYS) | $132.80 Million | 4.88% | 0.61x | $2.01 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $9.98 Million | 52.24% | 0.32x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $20.47 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.98 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.74 Billion | -7.28% | 1.27x | $311.26 Million |
About Full Truck Alliance Co Ltd ADR
Full Truck Alliance Co. Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China and Hong Kong. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as vari… Read more