VIP Gloves Ltd
VIP Gloves Limited, together with its subsidiaries, engages in the manufacture and sale of nitrile gloves in Malaysia and Australia. Its nitrile disposable gloves are used in medical and healthcare, food and beverages, electronics, manufacturing industries, etc. The company was formerly known as Voltage IP Limited and changed its name to VIP Gloves Limited in November 2018. VIP Gloves Limited was… Read more
VIP Gloves Ltd (VIP) - Total Assets
Latest total assets as of June 2023: AU$7.39 Million AUD
Based on the latest financial reports, VIP Gloves Ltd (VIP) holds total assets worth AU$7.39 Million AUD as of June 2023.
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.
VIP Gloves Ltd - Total Assets Trend (1997–2023)
This chart illustrates how VIP Gloves Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
VIP Gloves Ltd - Asset Composition Analysis
Current Asset Composition (June 2023)
VIP Gloves Ltd's total assets of AU$7.39 Million consist of 87.9% current assets and 12.2% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 6.1% |
| Accounts Receivable | AU$1.61K | 0.0% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$0.00 | 0.0% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (1997–2023)
This chart illustrates how VIP Gloves 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: VIP Gloves Ltd's current assets represent 87.9% of total assets in 2023, an increase from 47.9% in 1997.
- Cash Position: Cash and equivalents constituted 6.1% of total assets in 2023, down from 17.0% in 1997.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 51.0% in 1997.
- Asset Diversification: The largest asset category is accounts receivable at 0.0% of total assets.
VIP Gloves Ltd Competitors by Total Assets
Key competitors of VIP Gloves Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Akzo Nobel N.V
OTCQX:AKZOF
|
USA | $13.95 Billion |
|
YeSUN Tech Co.Ltd.
KQ:250930
|
Korea | ₩51.65 Billion |
|
Hangzhou Flariant Co Ltd
SHG:605566
|
China | CN¥2.55 Billion |
|
Samhwa Paint
KO:000390
|
Korea | ₩617.09 Billion |
|
DL Holdings CO. LTD.
KO:000210
|
Korea | ₩12.05 Trillion |
|
Norooholdings
KO:000320
|
Korea | ₩1.26 Trillion |
|
Noroo Holdings Co Ltd
KO:000325
|
Korea | ₩1.26 Trillion |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
China | CN¥1.65 Billion |
VIP Gloves Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - VIP Gloves Ltd generates 0.24x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - VIP Gloves Ltd is currently not profitable relative to its asset base.
VIP Gloves 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 | 1.16 | 0.66 | 0.42 |
| Quick Ratio | 1.16 | 0.52 | 0.17 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | AU$886.61K | AU$ -2.02 Million | AU$ -6.04K |
VIP Gloves Ltd - Advanced Valuation Insights
This section examines the relationship between VIP Gloves 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 | 0.17 |
| Latest Market Cap to Assets Ratio | 0.18 |
| Asset Growth Rate (YoY) | -65.0% |
| Total Assets | AU$7.39 Million |
| Market Capitalization | $1.35 Million USD |
Valuation Analysis
Below Book Valuation: The market values VIP Gloves Ltd's assets below their book value (0.18 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: VIP Gloves Ltd's assets decreased by 65.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for VIP Gloves Ltd (1997–2023)
The table below shows the annual total assets of VIP Gloves Ltd from 1997 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-06-30 | AU$7.39 Million | -64.95% |
| 2022-06-30 | AU$21.10 Million | -22.15% |
| 2021-06-30 | AU$27.10 Million | +30.91% |
| 2020-06-30 | AU$20.70 Million | +20.16% |
| 2019-06-30 | AU$17.23 Million | -14.40% |
| 2018-06-30 | AU$20.13 Million | +12.11% |
| 2017-06-30 | AU$17.95 Million | +8.91% |
| 2016-06-30 | AU$16.48 Million | +7629.78% |
| 2015-06-30 | AU$213.25K | +8114.75% |
| 2014-06-30 | AU$2.60K | +206.13% |
| 2013-06-30 | AU$848.00 | -91.74% |
| 2012-06-30 | AU$10.26K | +1378.96% |
| 2011-06-30 | AU$694.00 | -87.60% |
| 2010-06-30 | AU$5.59K | +33.63% |
| 2009-06-30 | AU$4.19K | -47.35% |
| 2008-06-30 | AU$7.95K | -99.58% |
| 2007-06-30 | AU$1.89 Million | -65.11% |
| 2006-06-30 | AU$5.42 Million | -4.16% |
| 2005-06-30 | AU$5.66 Million | -28.69% |
| 2004-06-30 | AU$7.93 Million | -26.55% |
| 2003-06-30 | AU$10.80 Million | -22.27% |
| 2002-06-30 | AU$13.89 Million | -25.70% |
| 2001-06-30 | AU$18.70 Million | +43.50% |
| 2000-06-30 | AU$13.03 Million | -30.01% |
| 1999-06-30 | AU$18.62 Million | -20.14% |
| 1998-06-30 | AU$23.32 Million | +40.00% |
| 1997-06-30 | AU$16.65 Million | -- |