Ever-Glory International Group Inc.
Ever-Glory International Group, Inc., together with its subsidiaries, manufactures, supplies, and retails apparel in China. The company offers casual wear, outerwear, and sportswear. It also provides women's apparel under the La go go, Velwin, Idole, and jizhue brand names. The company is based in Nanjing, the Peoples Republic of China.
Ever-Glory International Group Inc. (EVKG) - Net Assets
Latest net assets as of September 2022: $117.20 Million USD
Based on the latest financial reports, Ever-Glory International Group Inc. (EVKG) has net assets worth $117.20 Million USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($298.56 Million) and total liabilities ($181.35 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 | $117.20 Million |
| % of Total Assets | 39.26% |
| Annual Growth Rate | 10.83% |
| 5-Year Change | 37.25% |
| 10-Year Change | N/A |
| Growth Volatility | 6.19 |
Ever-Glory International Group Inc. - Net Assets Trend (2016–2021)
This chart illustrates how Ever-Glory International Group Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ever-Glory International Group Inc. (2016–2021)
The table below shows the annual net assets of Ever-Glory International Group Inc. from 2016 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $140.96 Million | +4.84% |
| 2020-12-31 | $134.45 Million | +12.84% |
| 2019-12-31 | $119.15 Million | +5.30% |
| 2018-12-31 | $113.16 Million | +10.18% |
| 2017-12-31 | $102.70 Million | +21.82% |
| 2016-12-31 | $84.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ever-Glory International Group Inc.'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 29.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $108.21 Million | 76.77% |
| Common Stock | $15.00K | 0.01% |
| Other Comprehensive Income | $29.44 Million | 20.88% |
| Other Components | $3.30 Million | 2.34% |
| Total Equity | $140.96 Million | 100.00% |
Ever-Glory International Group Inc. Competitors by Market Cap
The table below lists competitors of Ever-Glory International Group Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cargo Boat Development Company PLC
CM:CABON0000
|
$5.52K |
|
Talawakelle Tea Estate PLC
CM:TPLN0000
|
$5.52K |
|
CN PETRO & CHEM -H-
HM:CHU
|
$5.52K |
|
PEC Ltd
MU:QPE
|
$5.52K |
|
PRECINCT PROPER
BE:DOT
|
$5.52K |
|
SINOTRANS -H-
MU:SIY
|
$5.52K |
|
Safe-T Group Ltd
TA:SAFE
|
$5.51K |
|
FARM 51 GROUP S.A.ZY -10
F:F51
|
$5.51K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ever-Glory International Group Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 134,449,000 to 140,958,000, a change of 6,509,000 (4.8%).
- Net loss of 92,000 reduced equity.
- Share repurchases of 363,000 reduced equity.
- New share issuances of 363,000 increased equity.
- Other comprehensive income increased equity by 7,823,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-92.00K | -0.07% |
| Share Repurchases | $363.00K | -0.26% |
| Share Issuances | $363.00K | +0.26% |
| Other Comprehensive Income | $7.82 Million | +5.55% |
| Other Changes | $-1.22 Million | -0.87% |
| Total Change | $- | 4.84% |
Book Value vs Market Value Analysis
This analysis compares Ever-Glory International Group Inc.'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 |
|---|---|---|---|
| 2016-12-31 | $5.74 | $0.00 | x |
| 2017-12-31 | $7.01 | $0.00 | x |
| 2018-12-31 | $7.75 | $0.00 | x |
| 2019-12-31 | $8.15 | $0.00 | x |
| 2020-12-31 | $9.08 | $0.00 | x |
| 2021-12-31 | $9.52 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ever-Glory International Group Inc. 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): -0.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.03%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.48x
- Recent ROE (-0.07%) is below the historical average (5.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.97% | 1.72% | 1.95x | 2.37x | $-1.73 Million |
| 2017 | 12.01% | 3.00% | 1.70x | 2.36x | $2.08 Million |
| 2018 | 10.47% | 2.68% | 1.78x | 2.20x | $537.30K |
| 2019 | 1.05% | 0.33% | 1.27x | 2.50x | $-10.80 Million |
| 2020 | 2.44% | 1.23% | 0.81x | 2.47x | $-10.16 Million |
| 2021 | -0.07% | -0.03% | 0.95x | 2.48x | $-14.19 Million |
Industry Comparison
This section compares Ever-Glory International Group Inc.'s net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $487,285,023
- Average return on equity (ROE) among peers: 4.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ever-Glory International Group Inc. (EVKG) | $117.20 Million | 7.97% | 1.55x | $5.52K |
| Agavenny Corporation (AGNY) | $1.26 Million | -1.07% | 0.07x | $441.50 |
| Authentic Holdings Inc. (AHRO) | $-2.87 Million | 0.00% | 0.00x | $1.67 Million |
| Columbia Sportswear Company (COLM) | $640.83 Million | 18.74% | 0.22x | $1.42 Billion |
| China Outfitters Holdings Ltd (COUTF) | $1.66 Billion | -7.37% | 0.20x | $19.05 Million |
| Delta Galil Industries Ltd (DELTF) | $451.32 Million | 8.09% | 1.26x | $530.69 Million |
| Delta Apparel, Inc. (DLAPQ) | $182.72 Million | 10.80% | 1.87x | $705.00 |
| Exceed Company Ltd (EDSFF) | $-29.05K | 0.00% | 0.00x | $0.91 |
| Figs Inc (FIGS) | $245.57 Million | -3.89% | 0.27x | $2.19 Billion |
| Fox-Wizel Ltd (FXWZF) | $1.21 Billion | 17.11% | 2.86x | $233.16 Million |