DENSO
DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, Rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, con… Read more
DENSO (DNO) - Net Assets
Latest net assets as of March 2025: €5.19 Trillion EUR
Based on the latest financial reports, DENSO (DNO) has net assets worth €5.19 Trillion EUR as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.12 Trillion) and total liabilities (€2.94 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.19 Trillion |
| % of Total Assets | 63.86% |
| Annual Growth Rate | 5.69% |
| 5-Year Change | 27.28% |
| 10-Year Change | 59.41% |
| Growth Volatility | 11.11 |
DENSO - Net Assets Trend (2014–2025)
This chart illustrates how DENSO's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DENSO (2014–2025)
The table below shows the annual net assets of DENSO from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €5.19 Trillion | -9.70% |
| 2024-03-31 | €5.75 Trillion | +25.48% |
| 2023-03-31 | €4.58 Trillion | +2.01% |
| 2022-03-31 | €4.49 Trillion | +10.13% |
| 2021-03-31 | €4.08 Trillion | +14.55% |
| 2020-03-31 | €3.56 Trillion | -5.61% |
| 2019-03-31 | €3.77 Trillion | -0.10% |
| 2018-03-31 | €3.77 Trillion | +9.49% |
| 2017-03-31 | €3.45 Trillion | +5.90% |
| 2016-03-31 | €3.26 Trillion | -6.31% |
| 2015-03-31 | €3.47 Trillion | +23.05% |
| 2014-03-31 | €2.82 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to DENSO's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 55.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.39 Trillion | 68.16% |
| Other Components | €1.59 Trillion | 31.84% |
| Total Equity | €4.98 Trillion | 100.00% |
DENSO Competitors by Market Cap
The table below lists competitors of DENSO ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Burlington Stores Inc
NYSE:BURL
|
$18.67 Billion |
|
Formula One Group
PINK:FWONB
|
$18.69 Billion |
|
Labcorp Holdings Inc.
MX:LH
|
$18.69 Billion |
|
China Petroleum & Chemical Corporation
F:CHU
|
$18.69 Billion |
|
Snap-On Inc
NYSE:SNA
|
$18.60 Billion |
|
Nomura Holdings Inc
PINK:NRSCF
|
$18.59 Billion |
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
$18.56 Billion |
|
Dupont De Nemours Inc
NYSE:DD
|
$18.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DENSO's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,534,986,000,000 to 4,978,266,000,000, a change of -556,720,000,000 (-10.1%).
- Net income of 419,081,000,000 contributed positively to equity growth.
- Dividend payments of 180,478,000,000 reduced retained earnings.
- Share repurchases of 270,001,000,000 reduced equity.
- Other factors decreased equity by 525,322,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €419.08 Billion | +8.42% |
| Dividends Paid | €180.48 Billion | -3.63% |
| Share Repurchases | €270.00 Billion | -5.42% |
| Other Changes | €-525.32 Billion | -10.55% |
| Total Change | €- | -10.06% |
Book Value vs Market Value Analysis
This analysis compares DENSO's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €4215.46 | €10.56 | x |
| 2018-03-31 | €4614.87 | €10.56 | x |
| 2019-03-31 | €4640.36 | €10.56 | x |
| 2020-03-31 | €4384.14 | €10.56 | x |
| 2021-03-31 | €5021.52 | €10.56 | x |
| 2022-03-31 | €5619.27 | €10.56 | x |
| 2023-03-31 | €5844.82 | €10.56 | x |
| 2024-03-31 | €1901.56 | €10.56 | x |
| 2025-03-31 | €1767.02 | €10.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DENSO utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.85%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.63x
- Recent ROE (8.42%) is above the historical average (6.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.68% | 7.02% | 0.92x | 1.65x | €18.19 Billion |
| 2015 | 7.76% | 6.00% | 0.82x | 1.59x | €-74.41 Billion |
| 2016 | 7.82% | 5.40% | 0.90x | 1.61x | €-68.11 Billion |
| 2017 | 7.78% | 5.69% | 0.88x | 1.55x | €-73.65 Billion |
| 2018 | 8.91% | 6.28% | 0.89x | 1.60x | €-39.27 Billion |
| 2019 | 7.08% | 4.75% | 0.93x | 1.61x | €-105.05 Billion |
| 2020 | 2.00% | 1.32% | 0.91x | 1.66x | €-271.61 Billion |
| 2021 | 3.21% | 2.53% | 0.73x | 1.74x | €-264.05 Billion |
| 2022 | 6.14% | 4.78% | 0.74x | 1.73x | €-166.03 Billion |
| 2023 | 7.19% | 4.92% | 0.86x | 1.69x | €-123.06 Billion |
| 2024 | 5.65% | 4.38% | 0.79x | 1.64x | €-240.71 Billion |
| 2025 | 8.42% | 5.85% | 0.88x | 1.63x | €-78.75 Billion |
Industry Comparison
This section compares DENSO's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $48,419,438,900
- Average return on equity (ROE) among peers: 2.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DENSO (DNO) | €5.19 Trillion | 10.68% | 0.57x | $18.61 Billion |
| Sumitomo Rubber Industries Ltd (108) | $472.81 Billion | 7.86% | 1.12x | $2.11 Billion |
| Indel B S.p.A (2I6) | $90.74 Million | 17.35% | 0.79x | $24.57 Million |
| Pirelli & C SPA (2PI) | $4.55 Billion | 0.65% | 2.02x | $2.13 Billion |
| 9FS1 (9FS1) | $-26.41 Million | 0.00% | 0.00x | $10.52 Million |
| Acma Ltd (AAX1) | $28.89 Million | -12.23% | 1.60x | $1.11 Million |
| AUMOVIO N (AMV0) | $4.35 Billion | -23.28% | 4.67x | $374.77K |
| Bertrandt Aktiengesellschaft (BDT) | $431.85 Million | 4.89% | 1.21x | $64.43 Million |
| CIR S.p.A. - Compagnie Industriali Riunite (BN7) | $1.03 Billion | 3.17% | 2.12x | $318.19 Million |
| Cooper-Standard Holdings Inc (C31) | $875.98 Million | 7.71% | 2.01x | $426.10 Million |
| Delticom AG (DEX) | $47.63 Million | 16.85% | 3.02x | $17.82 Million |