Mieco Chipboard Bhd
Mieco Chipboard Berhad, an investment holding company, engages in the manufacture and sale of wood-based products in Malaysia, Hong Kong, China, and internationally. The company manufactures and distributes particle boards, melamine faced boards (MFC), medium density fibreboards (MDF), and solid rubberwood products. It also offers high pressure laminate, rubberwood raw material, and wooded furnit… Read more
Mieco Chipboard Bhd (5001) - Total Assets
Latest total assets as of June 2025: RM631.88 Million MYR
Based on the latest financial reports, Mieco Chipboard Bhd (5001) holds total assets worth RM631.88 Million MYR as of June 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.
Mieco Chipboard Bhd - Total Assets Trend (2012–2024)
This chart illustrates how Mieco Chipboard Bhd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mieco Chipboard Bhd - Asset Composition Analysis
Current Asset Composition (December 2024)
Mieco Chipboard Bhd's total assets of RM631.88 Million consist of 35.7% current assets and 64.3% non-current assets.
| Asset Category | Amount (MYR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | RM0.00 | 1.5% |
| Accounts Receivable | RM40.10 Million | 6.1% |
| Inventory | RM84.39 Million | 12.9% |
| Property, Plant & Equipment | RM393.65 Million | 60.2% |
| Intangible Assets | RM1.88 Million | 0.3% |
| Goodwill | RM27.00K | 0.0% |
Asset Composition Trend (2012–2024)
This chart illustrates how Mieco Chipboard Bhd'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: Mieco Chipboard Bhd's current assets represent 35.7% of total assets in 2024, an increase from 19.9% in 2012.
- Cash Position: Cash and equivalents constituted 1.5% of total assets in 2024, the same as 1.5% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2012.
- Asset Diversification: The largest asset category is property, plant & equipment at 60.2% of total assets.
Mieco Chipboard Bhd Competitors by Total Assets
Key competitors of Mieco Chipboard Bhd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sungchang Hold
KO:000180
|
Korea | ₩709.18 Billion |
|
Zhongfu Straits Pingtan Development Co Ltd
SHE:000592
|
China | CN¥3.30 Billion |
|
Fujian Yongan Forestry Group Joint-Stock
SHE:000663
|
China | CN¥1.47 Billion |
|
Dare Technology Co Ltd
SHE:000910
|
China | CN¥9.75 Billion |
|
Dehua TB New Decoration Material Co Ltd
SHE:002043
|
China | CN¥5.71 Billion |
|
Fujian Jinsen Forestry Co Ltd
SHE:002679
|
China | CN¥1.95 Billion |
|
Sun&L Co Ltd
KO:002820
|
Korea | ₩481.80 Billion |
|
Eagon Ind
KO:008250
|
Korea | ₩409.89 Billion |
Mieco Chipboard Bhd - 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
Moderate asset utilization - Mieco Chipboard Bhd generates 0.62x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Mieco Chipboard Bhd generates $ 0.24 in net profit.
Mieco Chipboard Bhd - 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 | 1.02 | 1.05 | 0.66 |
| Quick Ratio | 0.61 | 0.64 | 0.42 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | RM3.69 Million | RM 10.12 Million | RM -75.73 Million |
Mieco Chipboard Bhd - Advanced Valuation Insights
This section examines the relationship between Mieco Chipboard Bhd'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 | 1.97 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | -1.3% |
| Total Assets | RM653.60 Million |
| Market Capitalization | $31.77 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mieco Chipboard Bhd's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Mieco Chipboard Bhd's assets decreased by 1.3% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Mieco Chipboard Bhd (2012–2024)
The table below shows the annual total assets of Mieco Chipboard Bhd from 2012 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | RM653.60 Million | -1.33% |
| 2023-12-31 | RM662.42 Million | +4.08% |
| 2022-12-31 | RM636.48 Million | -13.49% |
| 2021-12-31 | RM735.71 Million | +13.79% |
| 2020-12-31 | RM646.56 Million | -8.29% |
| 2019-12-31 | RM705.04 Million | -3.54% |
| 2018-12-31 | RM730.88 Million | +22.03% |
| 2017-12-31 | RM598.92 Million | +7.03% |
| 2016-12-31 | RM559.59 Million | +4.40% |
| 2015-12-31 | RM536.00 Million | +4.69% |
| 2014-12-31 | RM512.00 Million | -2.29% |
| 2013-12-31 | RM524.00 Million | -12.23% |
| 2012-12-31 | RM597.00 Million | -- |