NET Detergent JSC
NETCO maintains a strong liquidity position, with cash and equivalents of VND 27.28 billion and a current ratio of 1.53, indicating sufficient short-term assets to cover liabilities. The company’s debt-to-equity ratio of 0.42 suggests a conservative capital structure, with long-term debt at VND 22.76 billion and total equity at VND 54.2 billion. Free cash flow of VND 14.59 billion and operating cash flow of VND 20.66 billion further support its liquidity resilience. Profitability metrics show a return on equity (ROE) of 29.28% and return on assets (ROA) of 14.75%, both exceeding the median for the Household Products industry. Gross profit of VND 36.61 billion and operating income of VND 20.21 billion reflect strong cost control and pricing power. Geographically, the company exports to 10 countries, including Japan, Australia, and Latin American markets, with no disclosed revenue concentration in any single region. Its partnership with Unilever Vietnam Limited enhances its access to international markets. Revenue growth is projected to remain stable, with no significant changes in outlook for the current or next fiscal year. Historical revenue of VND 1.62 trillion indicates a mature business with limited high-growth potential. Risk factors are minimal, with low liquidity and dilution risk scores. No immediate filing-based flags were detected, and the company has not issued new shares in recent periods. The absence of dilution pressure supports equity stability. Recent filings and transcripts do not indicate material changes in operations or strategy. The company continues to focus on export markets and cost efficiency, with no disclosed plans for major capital projects or restructuring.
Business. NET Detergent JSC (NETCO) is a Vietnam-based manufacturer of household products, producing and exporting detergents, fabric softeners, and cleaning products, with a partnership with Unilever Vietnam Limited for co-manufacturing and export.
Classification. NETCO is classified under the Consumer Non-Cyclicals economic sector, Personal & Household Products & Services business sector, and Household Products industry, with a confidence level of 0.92.
- NETCO maintains a conservative capital structure with a debt-to-equity ratio of 0.42 and strong liquidity.
- ROE of 29.28% and ROA of 14.75% outperform industry medians, reflecting strong profitability.
- Export diversification across 10 countries reduces geographic concentration risk.
- No immediate liquidity or dilution risks are present, with low risk scores and no recent equity issuance.
- --
- # RATIONALES
- ```json
- {
- No immediate filing-based liquidity or dilution flags were detected.