Majestic Ideal Holdings Ltd Ordinary Shares
Ping An Biomedical Co., Ltd., through its subsidiaries, provides supply chain management services in the apparel industry in China. Its services include market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management. The company offers a range of yarn products, textiles, and finished garments; and real estate property investm… Read more
Majestic Ideal Holdings Ltd Ordinary Shares (MJID) - Total Assets
Latest total assets as of September 2024: $56.85 Million USD
Based on the latest financial reports, Majestic Ideal Holdings Ltd Ordinary Shares (MJID) holds total assets worth $56.85 Million USD as of September 2024.
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.
Majestic Ideal Holdings Ltd Ordinary Shares - Total Assets Trend (2021–2024)
This chart illustrates how Majestic Ideal Holdings Ltd Ordinary Shares’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Majestic Ideal Holdings Ltd Ordinary Shares - Asset Composition Analysis
Current Asset Composition (September 2024)
Majestic Ideal Holdings Ltd Ordinary Shares's total assets of $56.85 Million consist of 93.8% current assets and 6.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.2% |
| Accounts Receivable | $40.44 Million | 71.1% |
| Inventory | $127.30K | 0.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2024)
This chart illustrates how Majestic Ideal Holdings Ltd Ordinary Shares'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: Majestic Ideal Holdings Ltd Ordinary Shares's current assets represent 93.8% of total assets in 2024, a decrease from 95.5% in 2021.
- Cash Position: Cash and equivalents constituted 0.2% of total assets in 2024, up from 0.1% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is accounts receivable at 71.1% of total assets.
Majestic Ideal Holdings Ltd Ordinary Shares Competitors by Total Assets
Key competitors of Majestic Ideal Holdings Ltd Ordinary Shares based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Wisher Industrial Co Ltd
TW:1465
|
Taiwan | NT$1.71 Billion |
|
Kyungbangco.Ltd
KO:000050
|
Korea | ₩1.23 Trillion |
|
Shijiazhuang Changshan Textile Co Ltd
SHE:000158
|
China | CN¥17.37 Billion |
|
Jilin Chemical Fibre Co Ltd
SHE:000420
|
China | CN¥13.70 Billion |
|
Anhui Huamao Textile Co Ltd
SHE:000850
|
China | CN¥7.35 Billion |
|
Xinxiang Chemical Fiber Co Ltd
SHE:000949
|
China | CN¥13.36 Billion |
|
Chonbang
KO:000950
|
Korea | ₩236.79 Billion |
|
Xinlong Holding Group Co Ltd
SHE:000955
|
China | CN¥857.96 Million |
Majestic Ideal Holdings Ltd Ordinary Shares - 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
Strong asset utilization - Majestic Ideal Holdings Ltd Ordinary Shares generates 1.54x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Majestic Ideal Holdings Ltd Ordinary Shares is currently not profitable relative to its asset base.
Majestic Ideal Holdings Ltd Ordinary Shares - 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 | 0.84 | 0.90 | - |
| Quick Ratio | 0.84 | 0.87 | - |
| Cash Ratio | 0.00 | 0.00 | - |
| Working Capital | $-10.27 Million | $ -8.65 Million | - |
Majestic Ideal Holdings Ltd Ordinary Shares - Advanced Valuation Insights
This section examines the relationship between Majestic Ideal Holdings Ltd Ordinary Shares'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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -28.8% |
| Total Assets | $56.85 Million |
| Market Capitalization | $8.73K USD |
Valuation Analysis
Below Book Valuation: The market values Majestic Ideal Holdings Ltd Ordinary Shares's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Majestic Ideal Holdings Ltd Ordinary Shares's assets decreased by 28.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Majestic Ideal Holdings Ltd Ordinary Shares (2021–2024)
The table below shows the annual total assets of Majestic Ideal Holdings Ltd Ordinary Shares from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-09-30 | $56.85 Million | -28.80% |
| 2023-09-30 | $79.84 Million | -2.57% |
| 2022-09-30 | $81.95 Million | +11.18% |
| 2021-09-30 | $73.71 Million | -- |