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Millennium Furniture Co., Ltd (Vietnam)

Main Activities: Furniture and Related Product Manufacturing
Secondary Activities: All Other Wood Product Manufacturing | All Other Fabricated Metal Product Manufacturing | Offices of Real Estate Agents and Brokers
Full name: Millennium Furniture Co., Ltd Profile Updated: February 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

On the legal, the subject is invested and managed by CAPITAL CITY ASSETS LIMITED. It is considered a member of ASLEY FURNITURE - a well-known furniture manufacturer in the USA. The company specializes in manufacturing furniture products, including sofas, leather, fabric products, etc. The materials and equipment for production are imported from China, Taiwan, South Korea, India, USA, Turkey, etc. 100% of its products have been exported to foreign markets.The subject's business results grew very well in the first years of operation but were reduced in 2022, which might be due to the negative effects of the post-COVID economic downturn. Although the subject was ranked as an extremely large company in the industry, it largely depended on external sources and shorted the working capital for a long time hence the payment capacity was limited.

Headquarters
No. 1, Road No. 1, Viet Nam - Singapore Industrial Park, Tinh Phong Commune
Quang Ngai; South Central Coastal Vietnam; Postal Code: 53000-54000

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
August 22, 2017
Key Executives
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Chairman and General Director
Ownership Details
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100%
Subsidiaries
Ashton Furniture Consolidation Limited Liability Company
Company Performance
Financial values in the chart are available after Millennium Furniture Co., Ltd report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency VND. Absolute financial data is included in the purchased report.
Net sales revenue
-15.31%
Total operating revenue
-15.31%
Operating profit (EBIT)
-65.68%
Net Profit (Loss) for the Period
-64.79%
Total assets
-15.97%
Total equity
15.79%
Operating Profit Margin (ROS)
-3.39%
Net Profit Margin
-3.32%
Return on Equity (ROE)
-31.21%
Debt to Equity Ratio
-46.62%
Quick Ratio
-0.04%
Cash Ratio
-0.02%

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