Sa Sa International Holdings Limited
Sa Sa International Holdings Limited, an investment holding company, engages in the retail and wholesale of cosmetic products in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company offers skincare, fragrance, make-up, body care, hair care, inner beauty, personal care, and health and fitness products, as well as beauty equipment under various brands. It is also invol… Read more
Sa Sa International Holdings Limited (SSILF) - Net Assets
Latest net assets as of September 2025: $1.16 Billion USD
Based on the latest financial reports, Sa Sa International Holdings Limited (SSILF) has net assets worth $1.16 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.32 Billion) and total liabilities ($1.16 Billion). 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 | $1.16 Billion |
| % of Total Assets | 50.06% |
| Annual Growth Rate | 1.63% |
| 5-Year Change | -12.96% |
| 10-Year Change | -49.41% |
| Growth Volatility | 14.38 |
Sa Sa International Holdings Limited - Net Assets Trend (2002–2025)
This chart illustrates how Sa Sa International Holdings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sa Sa International Holdings Limited (2002–2025)
The table below shows the annual net assets of Sa Sa International Holdings Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.16 Billion | -7.54% |
| 2024-03-31 | $1.25 Billion | +20.26% |
| 2023-03-31 | $1.04 Billion | +5.93% |
| 2022-03-31 | $982.91 Million | -26.11% |
| 2021-03-31 | $1.33 Billion | -20.08% |
| 2020-03-31 | $1.66 Billion | -33.07% |
| 2019-03-31 | $2.49 Billion | +0.15% |
| 2018-03-31 | $2.48 Billion | +11.88% |
| 2017-03-31 | $2.22 Billion | -3.02% |
| 2016-03-31 | $2.29 Billion | -7.53% |
| 2015-03-31 | $2.47 Billion | +6.42% |
| 2014-03-31 | $2.33 Billion | +17.70% |
| 2013-03-31 | $1.98 Billion | +21.13% |
| 2012-03-31 | $1.63 Billion | +20.56% |
| 2011-03-31 | $1.35 Billion | +13.11% |
| 2010-03-31 | $1.20 Billion | +6.51% |
| 2009-03-31 | $1.12 Billion | +1.29% |
| 2008-03-31 | $1.11 Billion | +16.61% |
| 2007-03-31 | $950.59 Million | +4.02% |
| 2006-03-31 | $913.83 Million | +0.28% |
| 2005-03-31 | $911.26 Million | +7.26% |
| 2004-03-31 | $849.58 Million | +14.35% |
| 2003-03-31 | $742.99 Million | -6.96% |
| 2002-03-31 | $798.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sa Sa International Holdings Limited'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 52394200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $310.32 Million | 26.80% |
| Other Components | $1.37 Billion | 118.45% |
| Total Equity | $1.16 Billion | 100.00% |
Sa Sa International Holdings Limited Competitors by Market Cap
The table below lists competitors of Sa Sa International Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RF Materials Co. Ltd
KQ:327260
|
$95.04 Million |
|
Trigold Holdings Ltd
TWO:3709
|
$95.11 Million |
|
CALTAGIRONE EDITORE (EDJ.SG)
STU:EDJ
|
$95.12 Million |
|
Cikarang Listrindo Tbk PT
JK:POWR
|
$95.13 Million |
|
SUPERIOR GRP OF CIES INC.
F:6G6
|
$94.96 Million |
|
SBI
HE:SBI
|
$94.93 Million |
|
DUG Technology Ltd
AU:DUG
|
$94.90 Million |
|
CROSSJECT SA EO -10
F:74C
|
$94.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sa Sa International Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,252,089,000 to 1,157,743,000, a change of -94,346,000 (-7.5%).
- Net income of 76,973,000 contributed positively to equity growth.
- Dividend payments of 178,433,000 reduced retained earnings.
- Other comprehensive income increased equity by 49,642,000.
- Other factors decreased equity by 42,528,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $76.97 Million | +6.65% |
| Dividends Paid | $178.43 Million | -15.41% |
| Other Comprehensive Income | $49.64 Million | +4.29% |
| Other Changes | $-42.53 Million | -3.67% |
| Total Change | $- | -7.54% |
Book Value vs Market Value Analysis
This analysis compares Sa Sa International Holdings Limited'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: 0.23x
- 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 increased from 0.01x to 0.23x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | $5.90 | $0.09 | x |
| 2003-03-31 | $0.59 | $0.09 | x |
| 2004-03-31 | $0.66 | $0.09 | x |
| 2005-03-31 | $0.68 | $0.09 | x |
| 2006-03-31 | $0.68 | $0.09 | x |
| 2007-03-31 | $0.70 | $0.09 | x |
| 2008-03-31 | $0.81 | $0.09 | x |
| 2009-03-31 | $0.81 | $0.09 | x |
| 2010-03-31 | $0.86 | $0.09 | x |
| 2011-03-31 | $0.96 | $0.09 | x |
| 2012-03-31 | $1.16 | $0.09 | x |
| 2013-03-31 | $1.40 | $0.09 | x |
| 2014-03-31 | $1.63 | $0.09 | x |
| 2015-03-31 | $1.74 | $0.09 | x |
| 2016-03-31 | $1.60 | $0.09 | x |
| 2017-03-31 | $1.52 | $0.09 | x |
| 2018-03-31 | $1.65 | $0.09 | x |
| 2019-03-31 | $1.62 | $0.09 | x |
| 2020-03-31 | $1.07 | $0.09 | x |
| 2021-03-31 | $0.86 | $0.09 | x |
| 2022-03-31 | $0.63 | $0.09 | x |
| 2023-03-31 | $0.67 | $0.09 | x |
| 2024-03-31 | $0.81 | $0.09 | x |
| 2025-03-31 | $0.37 | $0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sa Sa International Holdings Limited 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): 6.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.95%
- • Asset Turnover: 1.69x
- • Equity Multiplier: 2.01x
- Recent ROE (6.65%) is below the historical average (15.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -8.98% | -4.63% | 1.41x | 1.38x | $-150.39 Million |
| 2003 | 8.81% | 3.99% | 1.49x | 1.48x | $-8.84 Million |
| 2004 | 17.78% | 8.02% | 1.55x | 1.43x | $66.12 Million |
| 2005 | 23.77% | 9.36% | 1.69x | 1.50x | $125.48 Million |
| 2006 | 20.26% | 7.07% | 1.91x | 1.50x | $93.79 Million |
| 2007 | 23.33% | 7.68% | 2.03x | 1.50x | $126.73 Million |
| 2008 | 31.41% | 10.81% | 2.23x | 1.30x | $237.36 Million |
| 2009 | 28.14% | 8.75% | 2.55x | 1.26x | $203.68 Million |
| 2010 | 31.87% | 9.27% | 2.60x | 1.32x | $261.51 Million |
| 2011 | 37.65% | 10.39% | 2.61x | 1.39x | $374.00 Million |
| 2012 | 42.29% | 10.77% | 2.60x | 1.51x | $526.63 Million |
| 2013 | 41.79% | 10.76% | 2.74x | 1.42x | $628.09 Million |
| 2014 | 40.22% | 10.68% | 2.70x | 1.39x | $702.72 Million |
| 2015 | 33.90% | 9.33% | 2.65x | 1.37x | $591.36 Million |
| 2016 | 16.76% | 4.92% | 2.62x | 1.30x | $154.64 Million |
| 2017 | 14.72% | 4.33% | 2.58x | 1.32x | $104.79 Million |
| 2018 | 17.73% | 5.49% | 2.24x | 1.44x | $191.84 Million |
| 2019 | 18.93% | 5.77% | 2.39x | 1.37x | $222.09 Million |
| 2020 | -31.00% | -9.02% | 1.75x | 1.96x | $-682.37 Million |
| 2021 | -26.42% | -11.55% | 1.21x | 1.89x | $-484.38 Million |
| 2022 | -34.97% | -10.07% | 1.64x | 2.12x | $-442.02 Million |
| 2023 | 5.59% | 1.66% | 1.58x | 2.13x | $-45.87 Million |
| 2024 | 17.48% | 5.01% | 1.74x | 2.00x | $93.67 Million |
| 2025 | 6.65% | 1.95% | 1.69x | 2.01x | $-38.80 Million |
Industry Comparison
This section compares Sa Sa International Holdings Limited's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $866,355,577
- Average return on equity (ROE) among peers: 86.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sa Sa International Holdings Limited (SSILF) | $1.16 Billion | -8.98% | 1.00x | $95.01 Million |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $8.70 Million |
| Alimentation Couchen Tard Inc A (ANCTF) | $3.22 Billion | 17.81% | 2.28x | $37.28 Billion |
| Arhaus Inc (ARHS) | $3.03 Million | 248.25% | 87.69x | $382.69 Million |
| Arko Corp (ARKO) | $194.89 Million | -22.34% | 8.48x | $238.69 Million |
| Academy Sports Outdoors Inc (ASO) | $857.04 Million | 2.50% | 2.78x | $3.28 Billion |
| BARK, Inc. (BARK) | $203.74 Million | -15.41% | 0.25x | $89.87 Million |
| Build-A-Bear Workshop Inc (BBW) | $88.73 Million | 0.29% | 2.35x | $438.23 Million |
| Bath & Body Works Inc. (BBWI) | $2.27 Billion | 20.34% | 0.80x | $4.13 Billion |
| Best Buy Co. Inc (BBY) | $1.82 Billion | 21.73% | 1.66x | $12.17 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $3.67 Million | 519.38% | 69.22x | $29.90 Million |