China Marine Food Gr
China Marine Food Group Limited does not have significant operations. Previously, it was engaged in the processing, distribution, and sale of processed seafood products and algae-based beverage products. The company intends to identify and acquire the company in food items supplies, restaurant chains, and franchise industries. China Marine Food Group Limited was founded in 1999 and is based in Be… Read more
China Marine Food Gr (CMFO) - Net Assets
Latest net assets as of June 2014: $7.79 Million USD
Based on the latest financial reports, China Marine Food Gr (CMFO) has net assets worth $7.79 Million USD as of June 2014.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($162.56 Million) and total liabilities ($154.77 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 | $7.79 Million |
| % of Total Assets | 4.79% |
| Annual Growth Rate | 6.03% |
| 5-Year Change | -99.83% |
| 10-Year Change | N/A |
| Growth Volatility | 23571.7 |
China Marine Food Gr - Net Assets Trend (2000–2013)
This chart illustrates how China Marine Food Gr'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 Marine Food Gr (2000–2013)
The table below shows the annual net assets of China Marine Food Gr from 2000 to 2013.
| Year | Net Assets | Change |
|---|---|---|
| 2013-12-31 | $100.01K | -99.92% |
| 2012-12-31 | $126.69 Million | -2.62% |
| 2011-12-31 | $130.11 Million | +13.78% |
| 2010-12-31 | $114.35 Million | +91.07% |
| 2009-12-31 | $59.85 Million | +32.94% |
| 2008-12-31 | $45.02 Million | +42.79% |
| 2007-12-31 | $31.53 Million | +67374.58% |
| 2000-12-31 | $46.73K | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Marine Food Gr'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 9120300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2013)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $33.02K | 33.13% |
| Common Stock | $29.72 | 0.03% |
| Other Comprehensive Income | $16.51K | 16.56% |
| Other Components | $50.10K | 50.27% |
| Total Equity | $99.66K | 100.00% |
China Marine Food Gr Competitors by Market Cap
The table below lists competitors of China Marine Food Gr ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STRATEX INTL
BE:S1Y
|
$19.39 |
|
PROPLASTICS LIMITED
XZIM:PROL
|
$19.50 |
|
ICFG Limited
LSE:ICFG
|
$19.53 |
|
NNRF Inc
PINK:NNRI
|
$19.58 |
|
Amexdrug Corporation
PINK:AXRX
|
$19.17 |
|
INTERNATIONAL ENERGY INSURANCE PLC
XNSA:INTENEGINS
|
$19.14 |
|
MFM Korea Co. Ltd.
KO:323230
|
$19.10 |
|
Solartron PCL
STU:TUU
|
$19.07 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Marine Food Gr's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2012 to 2013, total equity changed from 126,338,417 to 99,655, a change of -126,238,762 (-99.9%).
- Net loss of 30,244 reduced equity.
- Other comprehensive income decreased equity by 22,625,888.
- Other factors decreased equity by 103,582,630.
Equity Change Factors (2012 to 2013)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-30.24K | -30.35% |
| Other Comprehensive Income | $-22.63 Million | -22704.22% |
| Other Changes | $-103.58 Million | -103941.23% |
| Total Change | $- | -99.92% |
Book Value vs Market Value Analysis
This analysis compares China Marine Food Gr'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: 0.63x
- 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 1.30x to 0.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $0.00 | $0.00 | x |
| 2004-12-31 | $0.00 | $0.00 | x |
| 2005-12-31 | $0.00 | $0.00 | x |
| 2006-12-31 | $0.00 | $0.00 | x |
| 2007-12-31 | $1.25 | $0.00 | x |
| 2008-12-31 | $1.96 | $0.00 | x |
| 2009-12-31 | $2.45 | $0.00 | x |
| 2010-12-31 | $3.93 | $0.00 | x |
| 2011-12-31 | $4.40 | $0.00 | x |
| 2012-12-31 | $4.25 | $0.00 | x |
| 2013-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Marine Food Gr 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): -30.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.53%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.34x
- Recent ROE (-30.35%) is below the historical average (-4.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -118.84% | -1429.34% | 0.06x | 1.33x | $-60.20K |
| 2004 | 0.00% | -0.10% | 0.00x | 0.00x | $-6.74K |
| 2005 | 0.00% | -0.05% | 0.00x | 0.00x | $-7.88K |
| 2006 | 0.00% | -0.03% | 0.00x | 0.00x | $-9.43K |
| 2007 | 27.47% | 23.78% | 1.07x | 1.08x | $5.51 Million |
| 2008 | 24.71% | 22.79% | 0.94x | 1.15x | $6.62 Million |
| 2009 | 24.33% | 20.93% | 1.02x | 1.13x | $8.58 Million |
| 2010 | 18.54% | 17.23% | 0.99x | 1.09x | $9.74 Million |
| 2011 | 6.60% | 5.95% | 1.04x | 1.07x | $-4.41 Million |
| 2012 | -3.55% | -2.85% | 1.08x | 1.16x | $-17.12 Million |
| 2013 | -30.35% | -21.53% | 1.05x | 1.34x | $-40.21K |
Industry Comparison
This section compares China Marine Food Gr's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Marine Food Gr (CMFO) | $7.79 Million | -118.84% | 19.87x | $19.23 |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |