Lizhan Environmental Corporation
Lizhan Environmental Corporation, through its subsidiaries, engages in the manufacture, distribution, marketing, and export of synthetic leather and other fabrics from leather scrap products and other materials in the People's Republic of China. It offers various synthetic leather fabric products, including ultrasuede products, recycled leather flocked fabrics, microfiber towel fabrics, tufted fa… Read more
Lizhan Environmental Corporation (LZENF) - Net Assets
Latest net assets as of March 2012: $26.19 Million USD
Based on the latest financial reports, Lizhan Environmental Corporation (LZENF) has net assets worth $26.19 Million USD as of March 2012.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($67.36 Million) and total liabilities ($41.17 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 | $26.19 Million |
| % of Total Assets | 38.88% |
| Annual Growth Rate | 82.35% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 29.99 |
Lizhan Environmental Corporation - Net Assets Trend (2008–2011)
This chart illustrates how Lizhan Environmental Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lizhan Environmental Corporation (2008–2011)
The table below shows the annual net assets of Lizhan Environmental Corporation from 2008 to 2011.
| Year | Net Assets | Change |
|---|---|---|
| 2011-09-30 | $28.51 Million | +55.40% |
| 2010-09-30 | $18.35 Million | +125.85% |
| 2009-09-30 | $8.12 Million | +72.57% |
| 2008-09-30 | $4.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lizhan Environmental Corporation'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 872.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2011)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $12.42 Million | 44.25% |
| Common Stock | $4.37 Million | 15.56% |
| Other Comprehensive Income | $2.05 Million | 7.32% |
| Other Components | $9.22 Million | 32.87% |
| Total Equity | $28.06 Million | 100.00% |
Lizhan Environmental Corporation Competitors by Market Cap
The table below lists competitors of Lizhan Environmental Corporation ranked by their market capitalization.
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lizhan Environmental Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2010 to 2011, total equity changed from 17,721,513 to 28,061,615, a change of 10,340,102 (58.3%).
- Net income of 1,633,445 contributed positively to equity growth.
- Share repurchases of 1,615,734 reduced equity.
- Other comprehensive income increased equity by 1,164,905.
- Other factors increased equity by 9,157,486.
Equity Change Factors (2010 to 2011)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.63 Million | +5.82% |
| Share Repurchases | $1.62 Million | -5.76% |
| Other Comprehensive Income | $1.16 Million | +4.15% |
| Other Changes | $9.16 Million | +32.63% |
| Total Change | $- | 58.35% |
Book Value vs Market Value Analysis
This analysis compares Lizhan Environmental Corporation'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 |
|---|---|---|---|
| 2008-09-30 | $0.43 | $0.00 | x |
| 2009-09-30 | $0.74 | $0.00 | x |
| 2010-09-30 | $1.60 | $0.00 | x |
| 2011-09-30 | $2.11 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lizhan Environmental Corporation 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): 5.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.49%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.30x
- Recent ROE (5.82%) is below the historical average (29.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 31.55% | 11.32% | 0.93x | 2.99x | $1.01 Million |
| 2009 | 33.62% | 12.64% | 1.03x | 2.58x | $1.92 Million |
| 2010 | 46.19% | 17.67% | 1.04x | 2.52x | $6.41 Million |
| 2011 | 5.82% | 4.49% | 0.56x | 2.30x | $-1.17 Million |
Industry Comparison
This section compares Lizhan Environmental Corporation's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $285,691,156
- Average return on equity (ROE) among peers: 17.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lizhan Environmental Corporation (LZENF) | $26.19 Million | 31.55% | 1.57x | $0.98 |
| Albany International Corporation (AIN) | $513.57 Million | 8.09% | 1.00x | $1.50 Billion |
| AUUAF (AUUAF) | $11.87 Million | -43.42% | 0.28x | $34.94 Million |
| Avalanche International Corp (AVLP) | $-17.63K | 0.00% | 0.00x | $4.82K |
| Coats Group plc (CGGGF) | $699.30 Million | -2.10% | 1.75x | $1.53 Billion |
| Culp, Inc. Common Stock (CULP) | $62.60 Million | 12.30% | 1.63x | $28.76 Million |
| The Dixie Group Inc (DXYN) | $47.50 Million | 14.95% | 0.81x | $4.29 Million |
| Aquafil S.p.A (ECNLF) | $142.34 Million | 6.33% | 3.34x | $45.06 Million |
| Lenzing Aktiengesellschaft (LNZNF) | $1.09 Billion | 4.60% | 1.24x | $406.21 Million |
| Majestic Ideal Holdings Ltd Ordinary Shares (MJID) | $4.60 Million | 157.12% | 16.82x | $9.27K |