Guangdong Homa Appliances Co Ltd (002668) - Net Assets
Based on the latest financial reports, Guangdong Homa Appliances Co Ltd (002668) has net assets worth CN¥4.95 Billion CNY (≈ $723.78 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.64 Billion ≈ $2.29 Billion USD) and total liabilities (CN¥10.69 Billion ≈ $1.56 Billion USD). 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. Check how resilient are Guangdong Homa Appliances Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.95 Billion |
| % of Total Assets | 31.63% |
| Annual Growth Rate | 18.16% |
| 5-Year Change | 94.1% |
| 10-Year Change | 96.96% |
| Growth Volatility | 31.25 |
Guangdong Homa Appliances Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Guangdong Homa Appliances Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Guangdong Homa Appliances Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Homa Appliances Co Ltd (2008–2024)
The table below shows the annual net assets of Guangdong Homa Appliances Co Ltd from 2008 to 2024. For live valuation and market cap data, see Guangdong Homa Appliances Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.54 Billion ≈ $518.37 Million |
+48.90% |
| 2023-12-31 | CN¥2.38 Billion ≈ $348.13 Million |
+33.53% |
| 2022-12-31 | CN¥1.78 Billion ≈ $260.71 Million |
+18.10% |
| 2021-12-31 | CN¥1.51 Billion ≈ $220.76 Million |
-17.34% |
| 2020-12-31 | CN¥1.83 Billion ≈ $267.06 Million |
-28.61% |
| 2019-12-31 | CN¥2.56 Billion ≈ $374.11 Million |
+8.46% |
| 2018-12-31 | CN¥2.36 Billion ≈ $344.92 Million |
-31.93% |
| 2017-12-31 | CN¥3.46 Billion ≈ $506.74 Million |
+55.77% |
| 2016-12-31 | CN¥2.22 Billion ≈ $325.32 Million |
+23.61% |
| 2015-12-31 | CN¥1.80 Billion ≈ $263.18 Million |
+18.62% |
| 2014-12-31 | CN¥1.52 Billion ≈ $221.86 Million |
+12.22% |
| 2013-12-31 | CN¥1.35 Billion ≈ $197.70 Million |
+15.29% |
| 2012-12-31 | CN¥1.17 Billion ≈ $171.48 Million |
+97.61% |
| 2011-12-31 | CN¥593.03 Million ≈ $86.78 Million |
+32.57% |
| 2010-12-31 | CN¥447.34 Million ≈ $65.46 Million |
+41.63% |
| 2009-12-31 | CN¥315.86 Million ≈ $46.22 Million |
+28.76% |
| 2008-12-31 | CN¥245.31 Million ≈ $35.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangdong Homa Appliances Co Ltd'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 390.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.08 Billion | 44.86% |
| Other Comprehensive Income | CN¥-136.56 Million | -5.65% |
| Other Components | CN¥1.58 Billion | 65.55% |
| Total Equity | CN¥2.42 Billion | 100.00% |
Guangdong Homa Appliances Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Homa Appliances Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunward Intelligent Equipment Co Ltd
SHE:002097
|
$1.60 Billion |
|
Cofco Biochemical Anhui Co Ltd
SHE:000930
|
$1.60 Billion |
|
Zhejiang Jiahua Energy Chemical Industry Co Ltd
SHG:600273
|
$1.60 Billion |
|
Dime Community Bancshares Inc
NASDAQ:DCOM
|
$1.60 Billion |
|
EUTEL.CO.SP.ADR 1/4/ EO1
F:E3B0
|
$1.60 Billion |
|
Xenia Hotels & Resorts Inc
NYSE:XHR
|
$1.60 Billion |
|
Innovative Medical Management Co Ltd
SHE:002173
|
$1.60 Billion |
|
Europris ASA
OL:EPR
|
$1.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Homa Appliances Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,413,930,338 to 2,416,485,958, a change of 1,002,555,620 (70.9%).
- Net income of 1,019,246,635 contributed positively to equity growth.
- Dividend payments of 18,163,040 reduced retained earnings.
- Other comprehensive income decreased equity by 16,955,040.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.02 Billion | +42.18% |
| Dividends Paid | CN¥18.16 Million | -0.75% |
| Other Comprehensive Income | CN¥-16.96 Million | -0.7% |
| Other Changes | CN¥18.43 Million | +0.76% |
| Total Change | CN¥- | 70.91% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Homa Appliances Co Ltd'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: 4.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.30x to 4.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.41 | CN¥10.08 | x |
| 2009-12-31 | CN¥0.54 | CN¥10.08 | x |
| 2010-12-31 | CN¥0.76 | CN¥10.08 | x |
| 2011-12-31 | CN¥1.00 | CN¥10.08 | x |
| 2012-12-31 | CN¥1.63 | CN¥10.08 | x |
| 2013-12-31 | CN¥1.71 | CN¥10.08 | x |
| 2014-12-31 | CN¥1.93 | CN¥10.08 | x |
| 2015-12-31 | CN¥2.20 | CN¥10.08 | x |
| 2016-12-31 | CN¥2.62 | CN¥10.08 | x |
| 2017-12-31 | CN¥5.51 | CN¥10.08 | x |
| 2018-12-31 | CN¥2.17 | CN¥10.08 | x |
| 2019-12-31 | CN¥2.36 | CN¥10.08 | x |
| 2020-12-31 | CN¥0.64 | CN¥10.08 | x |
| 2021-12-31 | CN¥0.40 | CN¥10.08 | x |
| 2022-12-31 | CN¥0.78 | CN¥10.08 | x |
| 2023-12-31 | CN¥1.31 | CN¥10.08 | x |
| 2024-12-31 | CN¥2.23 | CN¥10.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Homa Appliances Co Ltd 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): 42.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.55%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 6.16x
- Recent ROE (42.18%) is above the historical average (5.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 21.27% | 2.49% | 2.27x | 3.76x | CN¥27.66 Million |
| 2009 | 22.33% | 3.21% | 2.04x | 3.41x | CN¥38.96 Million |
| 2010 | 29.39% | 4.65% | 2.08x | 3.04x | CN¥86.75 Million |
| 2011 | 24.57% | 4.56% | 1.67x | 3.23x | CN¥86.39 Million |
| 2012 | 13.95% | 4.73% | 1.49x | 1.98x | CN¥46.33 Million |
| 2013 | 14.49% | 4.60% | 1.49x | 2.12x | CN¥60.60 Million |
| 2014 | 13.40% | 4.55% | 1.39x | 2.12x | CN¥51.53 Million |
| 2015 | 15.37% | 5.68% | 1.09x | 2.49x | CN¥93.35 Million |
| 2016 | 14.82% | 6.05% | 0.95x | 2.59x | CN¥99.12 Million |
| 2017 | 11.08% | 5.48% | 0.67x | 3.02x | CN¥37.04 Million |
| 2018 | -81.04% | -24.38% | 0.82x | 4.07x | CN¥-2.14 Billion |
| 2019 | 2.09% | 0.72% | 0.84x | 3.44x | CN¥-202.04 Million |
| 2020 | -141.95% | -11.83% | 0.94x | 12.70x | CN¥-1.06 Billion |
| 2021 | -18.31% | -0.79% | 1.42x | 16.36x | CN¥-123.55 Million |
| 2022 | 55.17% | 3.98% | 1.77x | 7.83x | CN¥380.25 Million |
| 2023 | 55.63% | 5.18% | 1.21x | 8.89x | CN¥645.20 Million |
| 2024 | 42.18% | 5.55% | 1.23x | 6.16x | CN¥777.60 Million |
Industry Comparison
This section compares Guangdong Homa Appliances Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $7,983,910,593
- Average return on equity (ROE) among peers: 11.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Homa Appliances Co Ltd (002668) | CN¥4.95 Billion | 21.27% | 2.16x | $1.60 Billion |
| Midea Group Co Ltd (000333) | $56.03 Billion | 22.68% | 1.30x | $81.76 Billion |
| Changhong Meiling Co Ltd (000521) | $1.38 Billion | 0.40% | 0.83x | $750.93 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $1.76 Billion | 14.88% | 2.94x | $32.71 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $15.59 Billion | 6.24% | 2.59x | $3.33 Billion |
| Suncha Technology Co Ltd (001211) | $284.49 Million | 14.41% | 1.06x | $466.21 Million |
| Elec-Tech International Co Ltd (002005) | $192.40 Million | 37.34% | 2.03x | $746.23 Million |
| Zhejiang Supor Co Ltd (002032) | $2.74 Billion | 14.76% | 0.44x | $5.56 Billion |
| Vatti Corp Ltd (002035) | $312.34 Million | -3.56% | 1.61x | $730.59 Million |
| CNlight Co Ltd (002076) | $-159.00 Million | 0.00% | 0.00x | $373.29 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.72 Billion | 7.63% | 0.76x | $365.86 Million |
About Guangdong Homa Appliances Co Ltd
Guangdong TCL Smart Home Appliances Co., Ltd. operates as a home appliance company in China and internationally. The company engages in the research, development, manufacture, and sales of household refrigerators, freezers, and washing machines. It also owns two core production and operation companies, Hefei Home Appliances and OMA Refrigerator. It exports its products. The company was formerly k… Read more