Ningbo Daye Garden Machinery Co Ltd (300879) - Net Assets
Based on the latest financial reports, Ningbo Daye Garden Machinery Co Ltd (300879) has net assets worth CN¥1.38 Billion CNY (≈ $201.70 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¥4.90 Billion ≈ $717.09 Million USD) and total liabilities (CN¥3.52 Billion ≈ $515.39 Million 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 Ningbo Daye Garden Machinery Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.38 Billion |
| % of Total Assets | 28.13% |
| Annual Growth Rate | 19.9% |
| 5-Year Change | 29.93% |
| 10-Year Change | N/A |
| Growth Volatility | 30.87 |
Ningbo Daye Garden Machinery Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Ningbo Daye Garden Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Ningbo Daye Garden Machinery Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ningbo Daye Garden Machinery Co Ltd (2016–2024)
The table below shows the annual net assets of Ningbo Daye Garden Machinery Co Ltd from 2016 to 2024. For live valuation and market cap data, see Ningbo Daye Garden Machinery Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.19 Billion ≈ $174.78 Million |
+45.95% |
| 2023-12-31 | CN¥818.38 Million ≈ $119.75 Million |
-14.20% |
| 2022-12-31 | CN¥953.84 Million ≈ $139.58 Million |
-0.28% |
| 2021-12-31 | CN¥956.51 Million ≈ $139.97 Million |
+4.05% |
| 2020-12-31 | CN¥919.26 Million ≈ $134.52 Million |
+92.12% |
| 2019-12-31 | CN¥478.48 Million ≈ $70.02 Million |
+20.52% |
| 2018-12-31 | CN¥397.03 Million ≈ $58.10 Million |
+18.76% |
| 2017-12-31 | CN¥334.31 Million ≈ $48.92 Million |
+19.52% |
| 2016-12-31 | CN¥279.70 Million ≈ $40.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Daye Garden Machinery 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 grown by 300.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥137.33 Million | 11.50% |
| Common Stock | CN¥202.40 Million | 16.95% |
| Other Comprehensive Income | CN¥3.18 Million | 0.27% |
| Other Components | CN¥851.48 Million | 71.29% |
| Total Equity | CN¥1.19 Billion | 100.00% |
Ningbo Daye Garden Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Daye Garden Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kenda Rubber Industrial Co Ltd
TW:2106
|
$543.02 Million |
|
Matas A/S
CO:MATAS
|
$543.05 Million |
|
Cineplex Inc.
TO:CGX
|
$543.12 Million |
|
Xiamen Red Phase Instruments Inc
SHE:300427
|
$543.21 Million |
|
Sam-A Aluminiu
KO:006110
|
$542.37 Million |
|
Satrec Initiative Co. Ltd
KQ:099320
|
$542.33 Million |
|
DEE Development Eng Ltd
NSE:DEEDEV
|
$542.28 Million |
|
LUBAWA SA
WAR:LBW
|
$542.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Daye Garden Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 818,377,000 to 1,194,391,000, a change of 376,014,000 (45.9%).
- Net income of 16,115,000 contributed positively to equity growth.
- Dividend payments of 34,871,000 reduced retained earnings.
- Share repurchases of 38,241,733 reduced equity.
- Other comprehensive income decreased equity by 84,750,927.
- Other factors increased equity by 517,762,660.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥16.11 Million | +1.35% |
| Dividends Paid | CN¥34.87 Million | -2.92% |
| Share Repurchases | CN¥38.24 Million | -3.2% |
| Other Comprehensive Income | CN¥-84.75 Million | -7.1% |
| Other Changes | CN¥517.76 Million | +43.35% |
| Total Change | CN¥- | 45.95% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Daye Garden Machinery 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: 2.59x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.06x to 2.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥3.03 | CN¥18.33 | x |
| 2017-12-31 | CN¥2.79 | CN¥18.33 | x |
| 2018-12-31 | CN¥3.30 | CN¥18.33 | x |
| 2019-12-31 | CN¥2.99 | CN¥18.33 | x |
| 2020-12-31 | CN¥5.75 | CN¥18.33 | x |
| 2021-12-31 | CN¥5.98 | CN¥18.33 | x |
| 2022-12-31 | CN¥5.96 | CN¥18.33 | x |
| 2023-12-31 | CN¥5.10 | CN¥18.33 | x |
| 2024-12-31 | CN¥7.08 | CN¥18.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Daye Garden Machinery 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): 1.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.92%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.79x
- Recent ROE (1.35%) is below the historical average (6.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.57% | 5.64% | 0.85x | 2.20x | CN¥1.61 Million |
| 2017 | 16.14% | 7.23% | 1.00x | 2.24x | CN¥20.53 Million |
| 2018 | 15.75% | 7.99% | 0.79x | 2.49x | CN¥22.81 Million |
| 2019 | 17.03% | 8.25% | 0.65x | 3.19x | CN¥33.63 Million |
| 2020 | 8.34% | 7.66% | 0.55x | 1.99x | CN¥-15.22 Million |
| 2021 | 5.80% | 3.46% | 0.64x | 2.63x | CN¥-40.13 Million |
| 2022 | 1.18% | 0.76% | 0.56x | 2.75x | CN¥-84.13 Million |
| 2023 | -21.37% | -18.83% | 0.30x | 3.78x | CN¥-256.71 Million |
| 2024 | 1.35% | 0.92% | 0.53x | 2.79x | CN¥-103.32 Million |
Industry Comparison
This section compares Ningbo Daye Garden Machinery Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,222,232,028
- Average return on equity (ROE) among peers: 12.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Daye Garden Machinery Co Ltd (300879) | CN¥1.38 Billion | 10.57% | 2.56x | $542.89 Million |
| Bosun Tools Co Ltd (002282) | $3.56 Billion | 5.39% | 0.12x | $464.10 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $155.31 Million | 30.42% | 0.46x | $588.66 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.26 Billion | 7.26% | 0.27x | $428.94 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $2.64 Billion | 10.15% | 0.10x | $5.35 Billion |
| Geron Co Ltd (002722) | $556.17 Million | 6.10% | 0.33x | $419.77 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $654.96 Million | 4.18% | 0.36x | $2.24 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $732.78 Million | 25.37% | 0.42x | $730.68 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $1.47 Billion | 5.21% | 1.60x | $833.68 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $192.84 Million | 23.85% | 0.51x | $822.20 Million |
| Wafangdian Bearing Co Ltd (200706) | $992.65 Million | 4.56% | 1.20x | $143.90 Million |
About Ningbo Daye Garden Machinery Co Ltd
Ningbo Daye Garden Machinery Co.,Ltd. gasoline-powered, electric, and lithium-ion garden machinery for the landscaping market. It offers robotic, walk-behind, and ride-on lawn mowers, tractors, blowers, hedge trimmers, cultivators, scarifies, brush cutters, chain saws, and snow thrower. The company was incorporated in 2006 and is headquartered in Yuyao, China.