The a2 Milk Company Ltd (A2M) - Total Assets
Based on the latest financial reports, The a2 Milk Company Ltd (A2M) holds total assets worth AU$1.85 Billion AUD (≈ $1.31 Billion USD) as of December 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
The a2 Milk Company Ltd - Total Assets Trend (2004–2025)
This chart illustrates how The a2 Milk Company Ltd's total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
The a2 Milk Company Ltd - Asset Composition Analysis
Current Asset Composition (June 2025)
The a2 Milk Company Ltd's total assets of AU$1.85 Billion consist of 74.7% current assets and 25.3% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 56.7% |
| Accounts Receivable | AU$92.25 Million | 4.8% |
| Inventory | AU$139.11 Million | 7.2% |
| Property, Plant & Equipment | AU$0.00 | 0.0% |
| Intangible Assets | AU$8.64 Million | 0.4% |
| Goodwill | AU$102.28 Million | 5.3% |
Asset Composition Trend (2004–2025)
This chart illustrates how The a2 Milk Company Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: The a2 Milk Company Ltd's current assets represent 74.7% of total assets in 2025, an increase from 1.9% in 2004.
- Cash Position: Cash and equivalents constituted 56.7% of total assets in 2025, up from 0.2% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 5.0% of total assets, a decrease from 97.0% in 2004.
- Asset Diversification: The largest asset category is inventory at 7.2% of total assets.
The a2 Milk Company Ltd Competitors by Total Assets
Key competitors of The a2 Milk Company Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Inner Mongolia Yili Industrial Group Co Ltd
SHG:600887
|
China | CN¥152.73 Billion |
|
Saputo Inc
TO:SAP
|
Canada | CA$13.32 Billion |
|
Unibel S.A
PA:UNBL
|
France | €4.09 Billion |
|
Tiger Brands Ltd
JSE:TBS
|
South Africa | ZAC26.95 Billion |
|
New Hope Dairy Co Ltd
SHE:002946
|
China | CN¥9.38 Billion |
|
Qianhe Condiment&Food Co Ltd
SHG:603027
|
China | CN¥4.46 Billion |
|
Chacha Food Co Ltd
SHE:002557
|
China | CN¥8.69 Billion |
|
Tangrenshen Group Co Ltd
SHE:002567
|
China | CN¥17.90 Billion |
The a2 Milk Company Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.96 | 2.97 | 5.48 |
| Quick Ratio | 2.56 | 2.56 | 4.48 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | AU$847.41 Million | AU$933.91 Million | AU$890.55 Million |
The a2 Milk Company Ltd - Advanced Valuation Insights
This section examines the relationship between The a2 Milk Company Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.91 |
| Latest Market Cap to Assets Ratio | 1.96 |
| Asset Growth Rate (YoY) | 11.9% |
| Total Assets | AU$1.94 Billion |
| Market Capitalization | $3.80 Billion USD |
Valuation Analysis
Above Book Valuation: The market values The a2 Milk Company Ltd's assets above their book value (1.96x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: The a2 Milk Company Ltd's assets grew by 11.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for The a2 Milk Company Ltd (2004–2025)
The table below shows the annual total assets of The a2 Milk Company Ltd from 2004 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-06-30 | AU$1.94 Billion ≈ $1.37 Billion |
+11.95% |
| 2024-06-30 | AU$1.73 Billion ≈ $1.23 Billion |
+7.64% |
| 2023-06-30 | AU$1.61 Billion ≈ $1.14 Billion |
-6.07% |
| 2022-06-30 | AU$1.72 Billion ≈ $1.21 Billion |
+25.06% |
| 2021-06-30 | AU$1.37 Billion ≈ $970.79 Million |
-5.59% |
| 2020-06-30 | AU$1.45 Billion ≈ $1.03 Billion |
+44.33% |
| 2019-06-30 | AU$1.01 Billion ≈ $712.50 Million |
+40.60% |
| 2018-06-30 | AU$716.22 Million ≈ $506.77 Million |
+108.25% |
| 2017-06-30 | AU$343.93 Million ≈ $243.35 Million |
+63.66% |
| 2016-06-30 | AU$210.15 Million ≈ $148.70 Million |
+136.48% |
| 2015-06-30 | AU$88.87 Million ≈ $62.88 Million |
+15.95% |
| 2014-06-30 | AU$76.64 Million ≈ $54.23 Million |
+5.85% |
| 2013-06-30 | AU$72.40 Million ≈ $51.23 Million |
+45.76% |
| 2012-06-30 | AU$49.67 Million ≈ $35.15 Million |
+51.77% |
| 2011-06-30 | AU$32.73 Million ≈ $23.16 Million |
+295.65% |
| 2010-06-30 | AU$8.27 Million ≈ $5.85 Million |
+923.78% |
| 2008-06-30 | AU$808.02K ≈ $571.73K |
-77.82% |
| 2007-06-30 | AU$3.64 Million ≈ $2.58 Million |
+1448.16% |
| 2005-06-30 | AU$235.31K ≈ $166.50K |
-96.57% |
| 2004-06-30 | AU$6.86 Million ≈ $4.85 Million |
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About The a2 Milk Company Ltd
The a2 Milk Company Limited, together with its subsidiaries, sells A2-type protein type branded milk and related products in Australia, New Zealand, China, rest of Asia, and the United States. The company offers infant milk formula; other nutritional products and milk; manufactures and sells nutritional and ingredients products, as well as provides rent, royalty, and licensing services. It offers… Read more