Shengkai Innovations Inc
Shengkai Innovations, Inc., together with its subsidiaries, designs, manufactures, and distributes ceramic valves for industrial use in the People's Republic of China. The company provides ceramic valves in various categories, including gate, ball, back, adjustable, cut-off, and special valves. It also offers various services related to industrial ceramic valves consisting of manufacture, install… Read more
Shengkai Innovations Inc (VALV) - Net Assets
Latest net assets as of March 2013: $138.05 Million USD
Based on the latest financial reports, Shengkai Innovations Inc (VALV) has net assets worth $138.05 Million USD as of March 2013.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($141.08 Million) and total liabilities ($3.03 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 | $138.05 Million |
| % of Total Assets | 97.85% |
| Annual Growth Rate | 314.87% |
| 5-Year Change | 275.43% |
| 10-Year Change | N/A |
| Growth Volatility | 76.0 |
Shengkai Innovations Inc - Net Assets Trend (2006–2012)
This chart illustrates how Shengkai Innovations 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 Shengkai Innovations Inc (2006–2012)
The table below shows the annual net assets of Shengkai Innovations Inc from 2006 to 2012.
| Year | Net Assets | Change |
|---|---|---|
| 2012-06-30 | $139.59 Million | +10.88% |
| 2011-06-30 | $125.89 Million | +5618.70% |
| 2010-06-30 | $-2.28 Million | -104.11% |
| 2009-06-30 | $55.51 Million | +49.29% |
| 2008-06-30 | $37.18 Million | +422761.61% |
| 2007-06-30 | $-8.80K | -132.20% |
| 2006-06-30 | $27.32K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shengkai Innovations 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 4514332000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2012)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $45.09 Million | 32.30% |
| Common Stock | $17.20K | 0.01% |
| Other Comprehensive Income | $11.59 Million | 8.30% |
| Other Components | $82.89 Million | 59.38% |
| Total Equity | $139.59 Million | 100.00% |
Shengkai Innovations Inc Competitors by Market Cap
The table below lists competitors of Shengkai Innovations Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gooi Global Inc
PINK:GOOI
|
$0.91 |
|
Matmown Inc
PINK:MTMW
|
$0.91 |
|
SNM Gobal Holdings
PINK:SNMN
|
$0.91 |
|
Deltagen Inc
PINK:DGEN
|
$0.92 |
|
Four Leaf Acquisition Corporation Warrants
NASDAQ:FORLW
|
$0.91 |
|
Metatron Inc
PINK:MRNJ
|
$0.91 |
|
Microphonics Inc
PINK:MRPS
|
$0.91 |
|
JB & ZJMY Holding Company Inc
PINK:JBZY
|
$0.91 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shengkai Innovations Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2011 to 2012, total equity changed from 125,891,322 to 139,591,039, a change of 13,699,717 (10.9%).
- Net income of 2,421,921 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,153,076.
- Other factors increased equity by 8,124,720.
Equity Change Factors (2011 to 2012)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.42 Million | +1.74% |
| Other Comprehensive Income | $3.15 Million | +2.26% |
| Other Changes | $8.12 Million | +5.82% |
| Total Change | $- | 10.88% |
Book Value vs Market Value Analysis
This analysis compares Shengkai Innovations 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 |
|---|---|---|---|
| 2006-06-30 | $0.04 | $0.00 | x |
| 2007-06-30 | $-0.01 | $0.00 | x |
| 2008-06-30 | $2.65 | $0.00 | x |
| 2009-06-30 | $3.70 | $0.00 | x |
| 2010-06-30 | $-0.20 | $0.00 | x |
| 2011-06-30 | $7.19 | $0.00 | x |
| 2012-06-30 | $7.69 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shengkai Innovations 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): 1.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.49%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.03x
- Recent ROE (1.74%) is above the historical average (-6.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -174.92% | 0.00% | 0.00x | 1.02x | $-50.53K |
| 2007 | 0.00% | -1625.03% | 0.49x | 0.00x | $-45.74K |
| 2008 | 27.13% | 31.18% | 0.81x | 1.07x | $6.37 Million |
| 2009 | 24.46% | 34.55% | 0.65x | 1.09x | $8.03 Million |
| 2010 | 0.00% | -104.13% | 0.64x | 0.00x | $-56.16 Million |
| 2011 | 74.25% | 100.02% | 0.66x | 1.12x | $80.88 Million |
| 2012 | 1.74% | 7.49% | 0.23x | 1.03x | $-11.54 Million |
Industry Comparison
This section compares Shengkai Innovations Inc's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $916,275,000
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shengkai Innovations Inc (VALV) | $138.05 Million | -174.92% | 0.02x | $0.91 |
| Addtech AB (publ.) (ADDHY) | $3.08 Billion | 28.02% | 1.77x | $4.34 Billion |
| Andritz AG (ADRZF) | $1.33 Billion | 19.84% | 3.73x | $4.12 Billion |
| Applied Industrial Technologies (AIT) | $932.55 Million | 15.52% | 1.44x | $9.65 Billion |
| Beacon Roofing Supply Inc (BECN) | $26.57 Million | -1.42% | 8.92x | $7.71 Billion |
| BlueLinx Holdings Inc (BXC) | $141.49 Million | 18.31% | 7.04x | $335.15 Million |
| CD International Enterprises Inc (CDIIQ) | $64.33 Million | 0.00% | 0.25x | $7.73K |
| Core & Main Inc (CNM) | $801.00 Million | 4.62% | 3.90x | $9.10 Billion |
| Doman Building Materials Group Ltd (CWXZF) | $497.71 Million | 21.40% | 2.09x | $403.14 Million |
| Now Inc (DNOW) | $1.40 Billion | -35.78% | 0.31x | $1.15 Billion |
| Diploma PLC (DPMAY) | $894.70 Million | 14.45% | 0.98x | $10.23 Billion |