The a2 Milk Company Limited
The a2 Milk Company Limited, together with its subsidiaries, sells A2-type protein type branded milk and related products in Australia, New Zealand, China, rest of Asia, and the United States. The company offers infant milk formula; other nutritional products and milk; manufactures and sells nutritional and ingredients products, as well as provides rent, royalty, and licensing services. It offers… Read more
The a2 Milk Company Limited (ACOPF) - Net Assets
Latest net assets as of June 2025: $1.43 Billion USD
Based on the latest financial reports, The a2 Milk Company Limited (ACOPF) has net assets worth $1.43 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.94 Billion) and total liabilities ($511.37 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 | $1.43 Billion |
| % of Total Assets | 73.67% |
| Annual Growth Rate | 30.4% |
| 5-Year Change | 31.99% |
| 10-Year Change | 975.11% |
| Growth Volatility | 75.37 |
The a2 Milk Company Limited - Net Assets Trend (2004–2025)
This chart illustrates how The a2 Milk Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The a2 Milk Company Limited (2004–2025)
The table below shows the annual net assets of The a2 Milk Company Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $1.43 Billion | +13.84% |
| 2024-06-30 | $1.26 Billion | +9.33% |
| 2023-06-30 | $1.15 Billion | -3.72% |
| 2022-06-30 | $1.19 Billion | +10.15% |
| 2021-06-30 | $1.08 Billion | -4.42% |
| 2020-06-30 | $1.13 Billion | +43.94% |
| 2019-06-30 | $787.85 Million | +41.77% |
| 2018-06-30 | $555.71 Million | +130.03% |
| 2017-06-30 | $241.58 Million | +81.53% |
| 2016-06-30 | $133.08 Million | +126.98% |
| 2015-06-30 | $58.63 Million | -0.03% |
| 2014-06-30 | $58.64 Million | -2.15% |
| 2013-06-30 | $59.93 Million | +60.46% |
| 2012-06-30 | $37.35 Million | +48.31% |
| 2011-06-30 | $25.18 Million | +246.55% |
| 2010-06-30 | $7.27 Million | +195.33% |
| 2008-06-30 | $-7.62 Million | -453.53% |
| 2007-06-30 | $-1.38 Million | -515.49% |
| 2005-06-30 | $-223.76K | -104.12% |
| 2004-06-30 | $5.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The a2 Milk Company Limited'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 163968553600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.63 Billion | 112.48% |
| Common Stock | $100.00K | 0.01% |
| Other Comprehensive Income | $-181.25 Million | -12.49% |
| Total Equity | $1.45 Billion | 100.00% |
The a2 Milk Company Limited Competitors by Market Cap
The table below lists competitors of The a2 Milk Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinjiang Goldwind Science & Technology Co. Ltd
PINK:XNJJY
|
$3.91 Billion |
|
Allegro Microsystems Inc
NASDAQ:ALGM
|
$3.91 Billion |
|
Pegasystems Inc
NASDAQ:PEGA
|
$3.91 Billion |
|
PriceSmart Inc
NASDAQ:PSMT
|
$3.91 Billion |
|
Allreal Holding AG
LSE:0QPD
|
$3.90 Billion |
|
Crocs Inc
NASDAQ:CROX
|
$3.90 Billion |
|
Voltas Limited
NSE:VOLTAS
|
$3.90 Billion |
|
Beijing Oriental Yuhong Waterproof Technology Co Ltd
SHE:002271
|
$3.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The a2 Milk Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,266,476,000 to 1,450,971,000, a change of 184,495,000 (14.6%).
- Net income of 202,889,000 contributed positively to equity growth.
- Dividend payments of 61,542,000 reduced retained earnings.
- Other comprehensive income increased equity by 34,442,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $202.89 Million | +13.98% |
| Dividends Paid | $61.54 Million | -4.24% |
| Other Comprehensive Income | $34.44 Million | +2.37% |
| Other Changes | $8.71 Million | +0.6% |
| Total Change | $- | 14.57% |
Book Value vs Market Value Analysis
This analysis compares The a2 Milk Company Limited'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: 2.72x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 135.90x to 2.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-06-30 | $0.04 | $5.42 | x |
| 2005-06-30 | $0.00 | $5.42 | x |
| 2007-06-30 | $-0.01 | $5.42 | x |
| 2008-06-30 | $-0.04 | $5.42 | x |
| 2010-06-30 | $0.02 | $5.42 | x |
| 2011-06-30 | $0.05 | $5.42 | x |
| 2012-06-30 | $0.06 | $5.42 | x |
| 2013-06-30 | $0.10 | $5.42 | x |
| 2014-06-30 | $0.09 | $5.42 | x |
| 2015-06-30 | $0.09 | $5.42 | x |
| 2016-06-30 | $0.19 | $5.42 | x |
| 2017-06-30 | $0.33 | $5.42 | x |
| 2018-06-30 | $0.75 | $5.42 | x |
| 2019-06-30 | $1.06 | $5.42 | x |
| 2020-06-30 | $1.53 | $5.42 | x |
| 2021-06-30 | $1.46 | $5.42 | x |
| 2022-06-30 | $1.59 | $5.42 | x |
| 2023-06-30 | $1.56 | $5.42 | x |
| 2024-06-30 | $1.74 | $5.42 | x |
| 2025-06-30 | $1.99 | $5.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The a2 Milk Company Limited 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): 13.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.68%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.34x
- Recent ROE (13.98%) is above the historical average (8.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -39.74% | -521.12% | 0.06x | 1.26x | $-2.70 Million |
| 2005 | 0.00% | -2183.14% | 1.76x | 0.00x | $-9.00 Million |
| 2007 | 0.00% | -67.62% | 2.06x | 0.00x | $-4.94 Million |
| 2008 | 0.00% | -251.22% | 3.10x | 0.00x | $-5.54 Million |
| 2010 | -30.19% | -895.51% | 0.03x | 1.14x | $-2.92 Million |
| 2011 | 8.40% | 5.00% | 1.29x | 1.30x | $-402.74K |
| 2012 | 11.79% | 7.05% | 1.26x | 1.33x | $670.20K |
| 2013 | 6.87% | 4.37% | 1.30x | 1.21x | $-1.87 Million |
| 2014 | 0.02% | 0.01% | 1.44x | 1.31x | $-5.85 Million |
| 2015 | -3.57% | -1.35% | 1.75x | 1.52x | $-7.95 Million |
| 2016 | 22.87% | 8.63% | 1.68x | 1.58x | $17.13 Million |
| 2017 | 37.54% | 16.50% | 1.60x | 1.42x | $66.50 Million |
| 2018 | 35.21% | 21.21% | 1.29x | 1.29x | $140.11 Million |
| 2019 | 36.52% | 22.12% | 1.29x | 1.28x | $208.96 Million |
| 2020 | 34.02% | 22.29% | 1.19x | 1.28x | $272.43 Million |
| 2021 | 7.44% | 6.69% | 0.88x | 1.27x | $-27.74 Million |
| 2022 | 10.39% | 8.49% | 0.84x | 1.45x | $4.59 Million |
| 2023 | 13.58% | 9.78% | 0.99x | 1.41x | $41.06 Million |
| 2024 | 13.23% | 10.01% | 0.96x | 1.37x | $40.93 Million |
| 2025 | 13.98% | 10.68% | 0.98x | 1.34x | $57.79 Million |
Industry Comparison
This section compares The a2 Milk Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,291,652,002
- Average return on equity (ROE) among peers: -249.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The a2 Milk Company Limited (ACOPF) | $1.43 Billion | -39.74% | 0.36x | $3.91 Billion |
| Above Food Ingredients Inc. Common Stock (ABVE) | $-46.26 Million | 0.00% | 0.00x | $18.58 Million |
| Ayujoy Herbals Ltd (AJOY) | $668.89K | -63.57% | 1.39x | $90.84 |
| Alfa S.A.B. de C.V (ALFFF) | $43.29 Billion | 8.20% | 1.29x | $2.16 Billion |
| Amincor Inc (AMNCB) | $1.83 Million | -1769.92% | 18.32x | $2.21K |
| Armanino Foods New (AMNF) | $5.68 Million | 50.87% | 0.65x | $71.04K |
| Amira Nature Foods Ltd (ANFIF) | $171.84 Million | 17.43% | 1.45x | $128.79 |
| AAK AB (publ.) (ARHUF) | $3.56 Billion | 16.89% | 1.80x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $9.48K | -513.58% | 0.36x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |