Companhia de Tecidos Norte de Minas
Companhia de Tecidos Norte de Minas produces, markets, exports, imports, and sells yarns and fabrics in Brazil and internationally. It operates through three segments: Wholesale, Retail, and Gifts. The company offers single sheets, pillowcases, sheet sets, tablecloths, bath towels, rugs, and bath accessories under the CAMEBA brand; mattress protectors, duvets, and bedspreads; and clothing apparel… Read more
Companhia de Tecidos Norte de Minas (CTNM3) - Net Assets
Latest net assets as of June 2024: R$-662.36 Million BRL
Based on the latest financial reports, Companhia de Tecidos Norte de Minas (CTNM3) has net assets worth R$-662.36 Million BRL as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$3.01 Billion) and total liabilities (R$3.67 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$-662.36 Million |
| % of Total Assets | -22.03% |
| Annual Growth Rate | N/A |
| 5-Year Change | -130.36% |
| 10-Year Change | -133.94% |
| Growth Volatility | 43.79 |
Companhia de Tecidos Norte de Minas - Net Assets Trend (2006–2023)
This chart illustrates how Companhia de Tecidos Norte de Minas's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Companhia de Tecidos Norte de Minas (2006–2023)
The table below shows the annual net assets of Companhia de Tecidos Norte de Minas from 2006 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | R$-543.31 Million | -175.00% |
| 2022-12-31 | R$724.41 Million | -47.54% |
| 2021-12-31 | R$1.38 Billion | -7.36% |
| 2020-12-31 | R$1.49 Billion | -16.69% |
| 2019-12-31 | R$1.79 Billion | -0.66% |
| 2018-12-31 | R$1.80 Billion | +21.54% |
| 2017-12-31 | R$1.48 Billion | +12.82% |
| 2016-12-31 | R$1.31 Billion | -12.40% |
| 2015-12-31 | R$1.50 Billion | -6.32% |
| 2014-12-31 | R$1.60 Billion | -4.24% |
| 2013-12-31 | R$1.67 Billion | +1.23% |
| 2012-12-31 | R$1.65 Billion | -3.34% |
| 2011-12-31 | R$1.71 Billion | -19.36% |
| 2010-12-31 | R$2.12 Billion | -0.94% |
| 2009-12-31 | R$2.14 Billion | +4.84% |
| 2008-12-31 | R$2.04 Billion | -12.30% |
| 2007-12-31 | R$2.33 Billion | +33.76% |
| 2006-12-31 | R$1.74 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Companhia de Tecidos Norte de Minas'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 143546400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$882.24 Million | % |
| Other Components | R$240.96 Million | % |
| Total Equity | R$-312.26 Million | 100.00% |
Companhia de Tecidos Norte de Minas Competitors by Market Cap
The table below lists competitors of Companhia de Tecidos Norte de Minas ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ark Restaurants Corp
NASDAQ:ARKR
|
$10.36 Million |
|
QQCMF
PINK:QQCMF
|
$10.36 Million |
|
Arena Star Group Ltd
TA:ARNA
|
$10.36 Million |
|
Online Brands Nordic AB
ST:OBAB
|
$10.36 Million |
|
Amines & Plasticizers Limited
NSE:AMNPLST
|
$10.36 Million |
|
Chesapeake Granite Wash Trust
PINK:CHKR
|
$10.35 Million |
|
Bonus BioGroup Ltd
PINK:BBIXF
|
$10.35 Million |
|
Forgame Holdings Limited
F:FH0
|
$10.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Companhia de Tecidos Norte de Minas's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 396,550,000 to -312,264,000, a change of -708,814,000 (-178.7%).
- Net loss of 687,710,000 reduced equity.
- Dividend payments of 136,000 reduced retained earnings.
- Other comprehensive income decreased equity by 283,697,000.
- Other factors increased equity by 262,729,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$-687.71 Million | -220.23% |
| Dividends Paid | R$136.00K | -0.04% |
| Other Comprehensive Income | R$-283.70 Million | -90.85% |
| Other Changes | R$262.73 Million | +84.14% |
| Total Change | R$- | -178.75% |
Book Value vs Market Value Analysis
This analysis compares Companhia de Tecidos Norte de Minas'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | R$34.45 | R$7.13 | x |
| 2007-12-31 | R$50.78 | R$7.13 | x |
| 2008-12-31 | R$53.94 | R$7.13 | x |
| 2009-12-31 | R$51.64 | R$7.13 | x |
| 2010-12-31 | R$50.87 | R$7.13 | x |
| 2011-12-31 | R$41.78 | R$7.13 | x |
| 2012-12-31 | R$36.46 | R$7.13 | x |
| 2013-12-31 | R$32.51 | R$7.13 | x |
| 2014-12-31 | R$31.60 | R$7.13 | x |
| 2015-12-31 | R$28.65 | R$7.13 | x |
| 2016-12-31 | R$23.51 | R$7.13 | x |
| 2017-12-31 | R$26.96 | R$7.13 | x |
| 2018-12-31 | R$33.56 | R$7.13 | x |
| 2019-12-31 | R$32.61 | R$7.13 | x |
| 2020-12-31 | R$27.21 | R$7.13 | x |
| 2021-12-31 | R$25.09 | R$7.13 | x |
| 2022-12-31 | R$12.94 | R$7.13 | x |
| 2023-12-31 | R$-10.19 | R$7.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Companhia de Tecidos Norte de Minas utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -88.79%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-13.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 3.17% | 0.89% | 0.81x | 4.40x | R$-68.61 Million |
| 2007 | -17.39% | -6.82% | 0.97x | 2.62x | R$-405.70 Million |
| 2008 | 0.87% | 0.43% | 0.90x | 2.23x | R$-143.72 Million |
| 2009 | 0.21% | 0.12% | 0.86x | 2.05x | R$-147.34 Million |
| 2010 | 0.15% | 0.08% | 0.79x | 2.23x | R$-146.93 Million |
| 2011 | -21.34% | -14.94% | 0.52x | 2.77x | R$-381.49 Million |
| 2012 | -9.67% | -5.02% | 0.66x | 2.93x | R$-208.96 Million |
| 2013 | -2.00% | -0.83% | 0.75x | 3.19x | R$-119.52 Million |
| 2014 | -7.90% | -3.12% | 0.75x | 3.36x | R$-173.26 Million |
| 2015 | -8.86% | -3.02% | 0.77x | 3.79x | R$-165.59 Million |
| 2016 | -19.55% | -5.30% | 0.80x | 4.64x | R$-212.84 Million |
| 2017 | 6.03% | 1.93% | 0.73x | 4.29x | R$-32.79 Million |
| 2018 | 14.30% | 8.26% | 0.42x | 4.14x | R$44.19 Million |
| 2019 | -23.49% | -12.58% | 0.43x | 4.31x | R$-334.55 Million |
| 2020 | -35.30% | -14.89% | 0.46x | 5.11x | R$-377.65 Million |
| 2021 | -18.40% | -6.39% | 0.52x | 5.50x | R$-218.28 Million |
| 2022 | -94.89% | -24.74% | 0.43x | 8.98x | R$-415.96 Million |
| 2023 | 0.00% | -88.79% | 0.28x | 0.00x | R$-656.48 Million |
Industry Comparison
This section compares Companhia de Tecidos Norte de Minas's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $367,704,800
- Average return on equity (ROE) among peers: -22.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Companhia de Tecidos Norte de Minas (CTNM3) | R$-662.36 Million | 3.17% | N/A | $10.36 Million |
| Companhia de Fiacao e Tecidos Cedro Cachoeira (CEDO3) | $162.96 Million | 50.75% | 2.53x | $4.63 Million |
| Karsten S.A (CTKA3) | $-69.35 Million | 0.00% | 0.00x | $6.35 Million |
| Companhia Tecidos Santanense Ltda (CTSA3) | $99.10 Million | -162.82% | 5.79x | $1.20 Million |
| Springs Global Participações S.A. (SGPS3) | $1.75 Billion | 0.00% | 1.10x | $1.01 Million |
| Têxtil Renauxview S.A (TXRX3) | $-105.86 Million | 0.00% | 0.00x | $981.02K |