Thanh Lam - Nova Lifestyle Chairperson and Pres

NVFY Stock  USD 0.61  0.01  1.67%   

Executive

Ms. Thanh H. Lam serves as Chairman of the Board, President, Interim Chief Executive Officer of the Company. Ms. Lam has served as the Companys President and as a member of its Board since June 30, 2011, and was elected as Chairperson on June 4, 2013. Ms. Lam was a cofounder of the Diamond Sofa brand and previously was the CEO of Diamond Bar in Commerce, California, a whollyowned subsidiary of the Company acquired in August 2011. Ms. Lam has pioneered the Diamond Sofa brand since 1992 since 2016.
Age 56
Tenure 8 years
Address 6565 East Washington Boulevard, Commerce, CA, United States, 90040
Phone323 888 9999
Webhttps://novalifestyle.com
Lam received her BS degree in Business Administration and Finance from the California State University of Los Angeles in June, 1993.

Nova Lifestyle Management Efficiency

The company has return on total asset (ROA) of (0.5519) % which means that it has lost $0.5519 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (3.2658) %, 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.
Nova Lifestyle I 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. Note, when we think about Nova Lifestyle's use of debt, we should always consider it together with its 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.
Thanh Lam, Chairperson and Pres
Wilson Yiu, Chief Officer
Jeffery Chuang, CFO, Director
Mark Chapman, Vice President - Marketing
Mindy Su, Corporate Director

Nova Stock Performance Indicators

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Additional Tools for Nova Stock Analysis

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