China Clean Energy
China Clean Energy Inc., through its subsidiaries, engages in the development, manufacture, and distribution of biodiesel and specialty chemical products made from renewable resources. The company refines biodiesel from waste vegetable oils and waste grease. It also manufactures and sells various industrial chemical products, including polyamide hot-melt adhesives, printing inks, and alcohol and … Read more
China Clean Energy (CCGY) - Net Assets
Latest net assets as of September 2011: $49.30 Million USD
Based on the latest financial reports, China Clean Energy (CCGY) has net assets worth $49.30 Million USD as of September 2011.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($60.27 Million) and total liabilities ($10.97 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 | $49.30 Million |
| % of Total Assets | 81.79% |
| Annual Growth Rate | 207.6% |
| 5-Year Change | 240.07% |
| 10-Year Change | N/A |
| Growth Volatility | 27821.16 |
China Clean Energy - Net Assets Trend (2004–2011)
This chart illustrates how China Clean Energy's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Clean Energy (2004–2011)
The table below shows the annual net assets of China Clean Energy from 2004 to 2011.
| Year | Net Assets | Change |
|---|---|---|
| 2011-12-31 | $50.29 Million | +27.86% |
| 2010-12-31 | $39.33 Million | +24.25% |
| 2009-12-31 | $31.66 Million | -0.69% |
| 2008-12-31 | $31.88 Million | +115.53% |
| 2007-12-31 | $14.79 Million | +39.09% |
| 2006-12-31 | $10.63 Million | +79534.67% |
| 2005-12-31 | $13.35K | -30.99% |
| 2004-12-31 | $19.35K | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Clean Energy'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 2779630800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2011)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $27.80 Million | 55.27% |
| Common Stock | $31.51K | 0.06% |
| Other Comprehensive Income | $9.04 Million | 17.98% |
| Other Components | $13.42 Million | 26.69% |
| Total Equity | $50.29 Million | 100.00% |
China Clean Energy Competitors by Market Cap
The table below lists competitors of China Clean Energy ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Radium Resources Corp
PINK:RADR
|
$0.92 |
|
Ubiquitech Software
PINK:UBQU
|
$0.92 |
|
Phosphate Holdings Inc
PINK:PHOS
|
$0.92 |
|
EnerNorth Industries Inc
OTCGREY:ENYNF
|
$0.92 |
|
SheerVision Inc
PINK:SVSO
|
$0.92 |
|
PacificHealth Laboratories Inc
PINK:PHLI
|
$0.92 |
|
USCorp
PINK:USCS
|
$0.92 |
|
ComF5 International Inc
PINK:CMFV
|
$0.92 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Clean Energy's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2010 to 2011, total equity changed from 39,333,793 to 50,292,755, a change of 10,958,962 (27.9%).
- Net income of 8,622,816 contributed positively to equity growth.
- Share repurchases of 62,772 reduced equity.
- Other comprehensive income increased equity by 4,855,179.
- Other factors decreased equity by 2,456,261.
Equity Change Factors (2010 to 2011)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.62 Million | +17.15% |
| Share Repurchases | $62.77K | -0.12% |
| Other Comprehensive Income | $4.86 Million | +9.65% |
| Other Changes | $-2.46 Million | -4.88% |
| Total Change | $- | 27.86% |
Book Value vs Market Value Analysis
This analysis compares China Clean Energy'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: 0.00x
- 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 |
|---|---|---|---|
| 2004-12-31 | $0.00 | $0.00 | x |
| 2005-12-31 | $0.00 | $0.00 | x |
| 2006-12-31 | $0.62 | $0.00 | x |
| 2007-12-31 | $0.69 | $0.00 | x |
| 2008-12-31 | $1.02 | $0.00 | x |
| 2009-12-31 | $1.00 | $0.00 | x |
| 2010-12-31 | $1.25 | $0.00 | x |
| 2011-12-31 | $1.60 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Clean Energy 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): 17.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.73%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.18x
- Recent ROE (17.15%) is above the historical average (-62.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -387.54% | 0.00% | 0.00x | 1.19x | $-76.92K |
| 2005 | -181.22% | 0.00% | 0.00x | 1.33x | $-25.53K |
| 2006 | 11.94% | 9.41% | 1.09x | 1.17x | $206.58K |
| 2007 | 22.72% | 15.44% | 1.28x | 1.15x | $1.88 Million |
| 2008 | 1.87% | 3.28% | 0.55x | 1.04x | $-2.59 Million |
| 2009 | -1.02% | -2.04% | 0.43x | 1.16x | $-3.49 Million |
| 2010 | 16.19% | 10.80% | 1.13x | 1.32x | $2.44 Million |
| 2011 | 17.15% | 12.73% | 1.14x | 1.18x | $3.59 Million |
Industry Comparison
This section compares China Clean Energy's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Clean Energy (CCGY) | $49.30 Million | -387.54% | 0.22x | $0.92 |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |