Michael Viotto - Nova Lifestyle Director

NVFY Stock  USD 2.66  0.13  4.66%   

Director

Mr. Michael J. Viotto was appointed as Independent Director of Nova LifeStyle, Inc., effective May 28, 2013. He was appointed a member of our Board on May 28, 2013, and currently serves as a Business Development Agent at Coface North America, and has served in that role since 2009. During 2008 and 2009, Mr. Viotto served as a Senior Wholesale Account Executive at Bank of America. From 2002 to 2008, he was a Senior Wholesale Account Executive for Washington Mutual, Inc. in California. Mr. Viotto received his B.S. in Business Administration from California Polytechnic University in Pomona, California in March 1985. He is licensed as a Salesperson by the State of California Department of Real Estate. Mr. Viotto is also licensed as a Casualty and Property BrokerAgent by the California Department of Insurance. Mr. Viotto was selected as a nominee for director because he has extensive business experience, including with respect to business development and risk assessment, that we feel is invaluable to the Company. since 2013.
Age 64
Tenure 11 years
Address 6565 East Washington Boulevard, Commerce, CA, United States, 90040
Phone323 888 9999
Webhttps://novalifestyle.com

Nova Lifestyle Management Efficiency

The company has return on total asset (ROA) of (0.4515) % which means that it has lost $0.4515 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (2.1731) %, meaning that it created substantial loss on money invested by shareholders. Nova Lifestyle's management efficiency ratios could be used to measure how well Nova Lifestyle manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to -1.22 in 2024. Return On Capital Employed is likely to rise to -2.39 in 2024. Intangibles To Total Assets is likely to rise to 0.05 in 2024, whereas Total Assets are likely to drop slightly above 5.9 M in 2024.
The company currently holds 2.11 M in liabilities with Debt to Equity (D/E) ratio of 0.18, which may suggest the company is not taking enough advantage from borrowing. Nova Lifestyle I has a current ratio of 8.64, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Nova Lifestyle until it has trouble settling it off, either with new capital or with free cash flow. So, Nova Lifestyle's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nova Lifestyle I sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nova to invest in growth at high rates of return. When we think about Nova Lifestyle's use of debt, we should always consider it together with cash and equity.

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Nova LifeStyle, Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California. Nova Lifestyle operates under Furnishings, Fixtures Appliances classification in the United States and is traded on NASDAQ Exchange. It employs 29 people. Nova Lifestyle I (NVFY) is traded on NASDAQ Exchange in USA. It is located in 6565 East Washington Boulevard, Commerce, CA, United States, 90040 and employs 27 people. Nova Lifestyle is listed under Household Durables category by Fama And French industry classification.

Management Performance

Nova Lifestyle I Leadership Team

Elected by the shareholders, the Nova Lifestyle's board of directors comprises two types of representatives: Nova Lifestyle inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nova. The board's role is to monitor Nova Lifestyle's management team and ensure that shareholders' interests are well served. Nova Lifestyle's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nova Lifestyle's outside directors are responsible for providing unbiased perspectives on the board's policies.
Chung Yam, Director
Wilson Yiu, Chief Officer
Michael Viotto, Director
Mindy Su, Corporate Director
Man Ng, Corporate Secretary
Yuen Ho, Co-Founder, CFO and Director
Ah Wong, VP of Marketing - China Sales
Ya Wong, Co-Founder, CEO and Director
Thanh Lam, Chairperson and Pres
Peter Kam, Director
Jeffery Chuang, CFO, Director
Mark Chapman, Vice President - Marketing
Umesh Patel, Director

Nova Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Nova Lifestyle a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Nova Lifestyle I offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova Lifestyle's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Lifestyle I Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Lifestyle I Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Nova Lifestyle I information on this page should be used as a complementary analysis to other Nova Lifestyle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Nova Stock analysis

When running Nova Lifestyle's price analysis, check to measure Nova Lifestyle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to predict the probability of Nova Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.
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Is Nova Lifestyle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova Lifestyle. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova Lifestyle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(4.96)
Revenue Per Share
7.123
Quarterly Revenue Growth
0.011
Return On Assets
(0.45)
Return On Equity
(2.17)
The market value of Nova Lifestyle I is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Lifestyle's value that differs from its market value or its book value, called intrinsic value, which is Nova Lifestyle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova Lifestyle's market value can be influenced by many factors that don't directly affect Nova Lifestyle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nova Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Lifestyle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.