Toyo Tires & Rubber
Toyo Tire Corporation manufactures and sells tires in Japan, North America, and internationally. It operates in two segments, Tires and Automotive Parts. The company provides tires for passenger vehicles, lights trucks, cars, SUVs, and buses under the Toyo Tires and Nitto. It also offers automotive parts, including engine/motor, member/differential, strut, and exhaust mounts; bush/couplings and c… Read more
Toyo Tires & Rubber (TYR) - Net Assets
Latest net assets as of June 2025: €477.86 Billion EUR
Based on the latest financial reports, Toyo Tires & Rubber (TYR) has net assets worth €477.86 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€707.04 Billion) and total liabilities (€229.18 Billion). 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 | €477.86 Billion |
| % of Total Assets | 67.59% |
| Annual Growth Rate | 11.58% |
| 5-Year Change | 112.2% |
| 10-Year Change | 169.47% |
| Growth Volatility | 17.07 |
Toyo Tires & Rubber - Net Assets Trend (2013–2024)
This chart illustrates how Toyo Tires & Rubber's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Toyo Tires & Rubber (2013–2024)
The table below shows the annual net assets of Toyo Tires & Rubber from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €472.55 Billion | +19.57% |
| 2023-12-31 | €395.20 Billion | +23.15% |
| 2022-12-31 | €320.92 Billion | +14.55% |
| 2021-12-31 | €280.15 Billion | +25.80% |
| 2020-12-31 | €222.69 Billion | -0.81% |
| 2019-12-31 | €224.51 Billion | +42.77% |
| 2018-12-31 | €157.25 Billion | -4.01% |
| 2017-12-31 | €163.81 Billion | +12.49% |
| 2016-12-31 | €145.62 Billion | -16.96% |
| 2015-12-31 | €175.36 Billion | -5.02% |
| 2014-12-31 | €184.64 Billion | +30.48% |
| 2013-12-31 | €141.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toyo Tires & Rubber'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 472.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €275.99 Billion | 58.40% |
| Other Components | €196.57 Billion | 41.60% |
| Total Equity | €472.55 Billion | 100.00% |
Toyo Tires & Rubber Competitors by Market Cap
The table below lists competitors of Toyo Tires & Rubber ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jinan Shengquan Group Share Holding Co Ltd
SHG:605589
|
$2.47 Billion |
|
Mineral Resources Limited
PINK:MALRF
|
$2.47 Billion |
|
RED ROCK RESORTS A DL-01
F:RRK
|
$2.47 Billion |
|
Alliance Resource Partners LP
NASDAQ:ARLP
|
$2.47 Billion |
|
NHK Spring Co. Ltd
F:NHK
|
$2.47 Billion |
|
China Resources Sanjiu Medical & Pharmaceutical Co Ltd
SHE:000999
|
$2.47 Billion |
|
Freedom Holding Corp
NASDAQ:FRHC
|
$2.47 Billion |
|
Engie Brasil Energia SA
PINK:EGIEY
|
$2.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toyo Tires & Rubber's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 395,199,000,000 to 472,552,000,000, a change of 77,353,000,000 (19.6%).
- Net income of 74,810,000,000 contributed positively to equity growth.
- Dividend payments of 20,011,000,000 reduced retained earnings.
- Other factors increased equity by 22,554,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €74.81 Billion | +15.83% |
| Dividends Paid | €20.01 Billion | -4.23% |
| Other Changes | €22.55 Billion | +4.77% |
| Total Change | €- | 19.57% |
Book Value vs Market Value Analysis
This analysis compares Toyo Tires & Rubber'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 |
|---|---|---|---|
| 2017-12-31 | €1252.65 | €20.20 | x |
| 2018-12-31 | €1202.73 | €20.20 | x |
| 2019-12-31 | €1447.22 | €20.20 | x |
| 2020-12-31 | €1434.22 | €20.20 | x |
| 2021-12-31 | €1818.60 | €20.20 | x |
| 2022-12-31 | €2083.18 | €20.20 | x |
| 2023-12-31 | €2566.76 | €20.20 | x |
| 2024-12-31 | €3069.02 | €20.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toyo Tires & Rubber 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): 15.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.23%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.53x
- Recent ROE (15.83%) is above the historical average (9.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.42% | 3.13% | 0.85x | 3.15x | €-2.18 Billion |
| 2014 | 17.30% | 7.93% | 0.82x | 2.67x | €13.18 Billion |
| 2015 | 0.97% | 0.41% | 0.78x | 3.04x | €-15.51 Billion |
| 2016 | -8.66% | -3.21% | 0.78x | 3.47x | €-26.42 Billion |
| 2017 | 9.73% | 3.82% | 0.85x | 2.98x | €-431.80 Million |
| 2018 | 6.91% | 2.68% | 0.84x | 3.07x | €-4.72 Billion |
| 2019 | 10.99% | 6.49% | 0.81x | 2.10x | €2.21 Billion |
| 2020 | 5.29% | 3.40% | 0.77x | 2.02x | €-10.40 Billion |
| 2021 | 14.77% | 10.50% | 0.74x | 1.90x | €13.35 Billion |
| 2022 | 14.95% | 9.64% | 0.83x | 1.87x | €15.89 Billion |
| 2023 | 18.29% | 13.07% | 0.86x | 1.63x | €32.75 Billion |
| 2024 | 15.83% | 13.23% | 0.78x | 1.53x | €27.55 Billion |
Industry Comparison
This section compares Toyo Tires & Rubber'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 |
|---|---|---|---|---|
| Toyo Tires & Rubber (TYR) | €477.86 Billion | 8.42% | 0.48x | $2.47 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 |