Avance Gas Holding Ltd
Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. It transports LPG from the Middle East Gulf and the United States Gulf/the United States East Coast to destinations in Asia through the Panama Canal. The company was founded in 2007 and is based in Hamilton, Bermuda. Avance Gas Holding Ltd is a subsidiary of Hemen Hold… Read more
Avance Gas Holding Ltd (AVACF) - Net Assets
Latest net assets as of March 2025: $60.73 Million USD
Based on the latest financial reports, Avance Gas Holding Ltd (AVACF) has net assets worth $60.73 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($61.39 Million) and total liabilities ($654.48K). 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 | $60.73 Million |
| % of Total Assets | 98.93% |
| Annual Growth Rate | 12.35% |
| 5-Year Change | 0.3% |
| 10-Year Change | -9.21% |
| Growth Volatility | 69.84 |
Avance Gas Holding Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Avance Gas 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 Avance Gas Holding Ltd (2012–2024)
The table below shows the annual net assets of Avance Gas Holding Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $453.92 Million | -24.82% |
| 2023-12-31 | $603.79 Million | -0.02% |
| 2022-12-31 | $603.92 Million | +12.01% |
| 2021-12-31 | $539.17 Million | +19.13% |
| 2020-12-31 | $452.57 Million | +10.08% |
| 2019-12-31 | $411.11 Million | +12.77% |
| 2018-12-31 | $364.57 Million | -9.75% |
| 2017-12-31 | $403.93 Million | -11.60% |
| 2016-12-31 | $456.96 Million | -8.60% |
| 2015-12-31 | $499.94 Million | -1.68% |
| 2014-12-31 | $508.50 Million | +29.60% |
| 2013-12-31 | $392.37 Million | +249.69% |
| 2012-12-31 | $112.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Avance Gas 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 decreased by 5810200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $432.96 Million | 95.38% |
| Other Comprehensive Income | $36.00K | 0.01% |
| Other Components | $83.22 Million | 18.33% |
| Total Equity | $453.92 Million | 100.00% |
Avance Gas Holding Ltd Competitors by Market Cap
The table below lists competitors of Avance Gas Holding Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Picomat Plastic JSC
VN:PCH
|
$7.70K |
|
Vietnam National Reinsurance
VN:VNR
|
$7.71K |
|
LGMHD
PINK:LGMHD
|
$7.71K |
|
BOSS RESOURCES
BE:B8Y
|
$7.72K |
|
Gimat Magazacilik Sanayi ve Ticaret AS
IS:GMTAS
|
$7.70K |
|
Empower Clinics Inc
OTCQB:EPWCF
|
$7.69K |
|
Forte Group Holdings Inc.
PINK:FGHFF
|
$7.69K |
|
Meridia Real Estate III Socimi SA
MC:YMRE
|
$7.69K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avance Gas Holding Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 603,794,000 to 453,923,000, a change of -149,871,000 (-24.8%).
- Net income of 443,038,000 contributed positively to equity growth.
- Dividend payments of 510,110,000 reduced retained earnings.
- Share repurchases of 75,827,000 reduced equity.
- Other comprehensive income decreased equity by 101,243,898.
- Other factors increased equity by 94,271,898.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $443.04 Million | +97.6% |
| Dividends Paid | $510.11 Million | -112.38% |
| Share Repurchases | $75.83 Million | -16.7% |
| Other Comprehensive Income | $-101.24 Million | -22.3% |
| Other Changes | $94.27 Million | +20.77% |
| Total Change | $- | -24.82% |
Book Value vs Market Value Analysis
This analysis compares Avance Gas 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: 0.15x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $3.62 | $0.88 | x |
| 2013-12-31 | $12.78 | $0.88 | x |
| 2014-12-31 | $15.09 | $0.88 | x |
| 2015-12-31 | $14.51 | $0.88 | x |
| 2016-12-31 | $11.66 | $0.88 | x |
| 2017-12-31 | $6.35 | $0.88 | x |
| 2018-12-31 | $5.72 | $0.88 | x |
| 2019-12-31 | $6.43 | $0.88 | x |
| 2020-12-31 | $7.09 | $0.88 | x |
| 2021-12-31 | $7.36 | $0.88 | x |
| 2022-12-31 | $7.85 | $0.88 | x |
| 2023-12-31 | $7.84 | $0.88 | x |
| 2024-12-31 | $5.90 | $0.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avance Gas 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): 97.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 152.16%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.01x
- Recent ROE (97.60%) is above the historical average (14.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -0.25% | -0.29% | 0.17x | 5.24x | $-11.50 Million |
| 2013 | 2.93% | 10.00% | 0.19x | 1.54x | $-27.73 Million |
| 2014 | 14.84% | 45.32% | 0.24x | 1.37x | $24.63 Million |
| 2015 | 36.64% | 58.92% | 0.28x | 2.24x | $133.17 Million |
| 2016 | -14.92% | -47.36% | 0.14x | 2.26x | $-113.85 Million |
| 2017 | -13.55% | -49.36% | 0.12x | 2.25x | $-95.14 Million |
| 2018 | -11.85% | -33.26% | 0.15x | 2.39x | $-79.67 Million |
| 2019 | 13.61% | 22.34% | 0.28x | 2.19x | $14.84 Million |
| 2020 | 15.67% | 34.47% | 0.23x | 1.98x | $25.65 Million |
| 2021 | 5.96% | 15.24% | 0.22x | 1.77x | $-21.81 Million |
| 2022 | 14.74% | 34.96% | 0.24x | 1.77x | $28.60 Million |
| 2023 | 27.09% | 44.74% | 0.32x | 1.91x | $103.20 Million |
| 2024 | 97.60% | 152.16% | 0.64x | 1.01x | $397.65 Million |
Industry Comparison
This section compares Avance Gas Holding Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,300,019,799
- Average return on equity (ROE) among peers: 2444.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avance Gas Holding Ltd (AVACF) | $60.73 Million | -0.25% | 0.01x | $7.70K |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |