Ribo Fashion Group Co Ltd (603196) - Net Assets
Based on the latest financial reports, Ribo Fashion Group Co Ltd (603196) has net assets worth CN¥680.63 Million CNY (≈ $99.60 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¥1.06 Billion ≈ $155.79 Million USD) and total liabilities (CN¥384.04 Million ≈ $56.20 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 603196 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥680.63 Million |
| % of Total Assets | 63.93% |
| Annual Growth Rate | 6.89% |
| 5-Year Change | -22.88% |
| 10-Year Change | 43.22% |
| Growth Volatility | 27.06 |
Ribo Fashion Group Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Ribo Fashion Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603196 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ribo Fashion Group Co Ltd (2012–2024)
The table below shows the annual net assets of Ribo Fashion Group Co Ltd from 2012 to 2024. For live valuation and market cap data, see 603196 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥637.21 Million ≈ $93.24 Million |
-20.29% |
| 2023-12-31 | CN¥799.37 Million ≈ $116.97 Million |
-0.26% |
| 2022-12-31 | CN¥801.48 Million ≈ $117.28 Million |
-6.22% |
| 2021-12-31 | CN¥854.68 Million ≈ $125.07 Million |
+3.43% |
| 2020-12-31 | CN¥826.31 Million ≈ $120.91 Million |
-8.07% |
| 2019-12-31 | CN¥898.81 Million ≈ $131.52 Million |
-3.84% |
| 2018-12-31 | CN¥934.66 Million ≈ $136.77 Million |
+0.12% |
| 2017-12-31 | CN¥933.58 Million ≈ $136.61 Million |
+89.72% |
| 2016-12-31 | CN¥492.09 Million ≈ $72.01 Million |
+10.60% |
| 2015-12-31 | CN¥444.91 Million ≈ $65.10 Million |
+1.91% |
| 2014-12-31 | CN¥436.58 Million ≈ $63.89 Million |
+18.25% |
| 2013-12-31 | CN¥369.19 Million ≈ $54.02 Million |
+28.88% |
| 2012-12-31 | CN¥286.45 Million ≈ $41.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ribo Fashion Group 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 132.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥236.99 Million | 37.26% |
| Other Comprehensive Income | CN¥68.13 Million | 10.71% |
| Other Components | CN¥370.64 Million | 58.28% |
| Total Equity | CN¥635.98 Million | 100.00% |
Ribo Fashion Group Co Ltd Competitors by Market Cap
The table below lists competitors of Ribo Fashion Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liberty Global PLC Class C
NASDAQ:LBTYK
|
$1.76 Billion |
|
Machvision Inc
TW:3563
|
$1.76 Billion |
|
Deutz AG
XETRA:DEZ
|
$1.76 Billion |
|
BOTH Engineering Technology Co. Ltd. A
SHG:601133
|
$1.76 Billion |
|
TPV Technology Co Ltd
SHE:000727
|
$1.76 Billion |
|
PowerTECH Co. Ltd. A
SHE:301369
|
$1.76 Billion |
|
Robertet SA
PA:RBT
|
$1.76 Billion |
|
Weis Markets Inc
NYSE:WMK
|
$1.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ribo Fashion Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 799,372,831 to 635,984,675, a change of -163,388,156 (-20.4%).
- Net loss of 158,620,807 reduced equity.
- Dividend payments of 9,080,000 reduced retained earnings.
- Share repurchases of 50,951 reduced equity.
- Other comprehensive income increased equity by 14,641,349.
- Other factors decreased equity by 10,277,747.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-158.62 Million | -24.94% |
| Dividends Paid | CN¥9.08 Million | -1.43% |
| Share Repurchases | CN¥50.95K | -0.01% |
| Other Comprehensive Income | CN¥14.64 Million | +2.3% |
| Other Changes | CN¥-10.28 Million | -1.62% |
| Total Change | CN¥- | -20.44% |
Book Value vs Market Value Analysis
This analysis compares Ribo Fashion Group 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: 10.69x
- 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 18.05x to 10.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.59 | CN¥28.69 | x |
| 2013-12-31 | CN¥2.03 | CN¥28.69 | x |
| 2014-12-31 | CN¥2.40 | CN¥28.69 | x |
| 2015-12-31 | CN¥2.44 | CN¥28.69 | x |
| 2016-12-31 | CN¥2.69 | CN¥28.69 | x |
| 2017-12-31 | CN¥4.34 | CN¥28.69 | x |
| 2018-12-31 | CN¥3.94 | CN¥28.69 | x |
| 2019-12-31 | CN¥3.84 | CN¥28.69 | x |
| 2020-12-31 | CN¥3.44 | CN¥28.69 | x |
| 2021-12-31 | CN¥3.61 | CN¥28.69 | x |
| 2022-12-31 | CN¥3.39 | CN¥28.69 | x |
| 2023-12-31 | CN¥3.34 | CN¥28.69 | x |
| 2024-12-31 | CN¥2.68 | CN¥28.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ribo Fashion Group 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): -24.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.32%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.63x
- Recent ROE (-24.94%) is below the historical average (9.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 44.05% | 16.20% | 1.33x | 2.04x | CN¥97.44 Million |
| 2013 | 30.65% | 12.08% | 1.53x | 1.66x | CN¥75.61 Million |
| 2014 | 19.11% | 9.05% | 1.46x | 1.44x | CN¥39.31 Million |
| 2015 | 17.08% | 8.37% | 1.32x | 1.54x | CN¥31.14 Million |
| 2016 | 15.64% | 7.97% | 1.30x | 1.51x | CN¥27.28 Million |
| 2017 | 8.96% | 7.79% | 0.94x | 1.22x | CN¥-9.72 Million |
| 2018 | 4.06% | 3.39% | 0.88x | 1.36x | CN¥-56.11 Million |
| 2019 | -0.53% | -0.44% | 0.98x | 1.23x | CN¥-97.15 Million |
| 2020 | -9.71% | -9.75% | 0.75x | 1.32x | CN¥-162.76 Million |
| 2021 | 9.50% | 7.93% | 0.85x | 1.41x | CN¥-4.23 Million |
| 2022 | 2.07% | 1.74% | 0.75x | 1.57x | CN¥-63.58 Million |
| 2023 | 2.14% | 1.66% | 0.88x | 1.45x | CN¥-62.86 Million |
| 2024 | -24.94% | -18.32% | 0.83x | 1.63x | CN¥-222.22 Million |
Industry Comparison
This section compares Ribo Fashion Group Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $1,251,726,701
- Average return on equity (ROE) among peers: 8.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ribo Fashion Group Co Ltd (603196) | CN¥680.63 Million | 44.05% | 0.56x | $1.76 Billion |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $100.51 Million | 16.63% | 0.88x | $1.74 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $68.11 Million | 32.60% | 1.72x | $1.15 Billion |
| Fujian SBS Zipper Science Tech (002098) | $1.04 Billion | 6.91% | 0.42x | $451.57 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $2.63 Billion | 6.12% | 0.75x | $888.35 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $3.14 Billion | 1.15% | 0.97x | $625.02 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.26 Billion | 6.91% | 0.22x | $576.95 Million |
| Cedar Development Co Ltd (002485) | $2.01 Billion | 3.56% | 0.39x | $390.86 Million |
| Huasi Agricultural Development Co Ltd (002494) | $967.17 Million | 6.41% | 0.06x | $342.87 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $1.00 Billion | 68.50% | 1.01x | $2.39 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $303.49 Million | -63.53% | 1.17x | $303.66 Million |
About Ribo Fashion Group Co Ltd
Ribo Fashion Group Co., Ltd. engages in design, production, and sale of clothing products for women in China. It provides tops, jackets, skirts, pants, and other products under the Broadcast, Broadcute, C_R_Z, MUCHELL, SIRLOIN, TAORAY WANG, and taoray taoray brands names. The company sells its products through distribution, joint marketing, direct sales, and network channels. Ribo Fashion Group C… Read more