Toro Ltd Net Assets
Toro Ltd net assets. Based on the latest financial reports, Toro Ltd (TORO) has net assets worth €174.25 Million EUR (≈ $203.71 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€305.30 Million ≈ $356.93 Million USD) and total liabilities (€131.05 Million ≈ $153.22 Million USD). 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. Also explore TORO year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €174.25 Million |
| % of Total Assets | 57.07% |
| Annual Growth Rate | -5.75% |
| 5-Year Change | 7.44% |
| 10-Year Change | -38.0% |
| Growth Volatility | 12.36 |
Net Assets of Toro Ltd (2016–2025)
Net assets of Toro Ltd from 2016 to 2025. This chart illustrates how Toro Ltd's net assets have evolved over time, based on quarterly financial data. See TORO equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Toro Ltd (2016–2025)
The table below shows the annual net assets of Toro Ltd from 2016 to 2025. For live market cap and overall valuation, see how much is Toro Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | €210.93 Million ≈ $246.60 Million |
+2.83% |
| 2024-09-30 | €205.12 Million ≈ $239.81 Million |
+3.10% |
| 2023-09-30 | €198.95 Million ≈ $232.59 Million |
+1.34% |
| 2022-12-31 | €196.32 Million ≈ $229.52 Million |
0.00% |
| 2022-09-30 | €196.32 Million ≈ $229.52 Million |
-18.41% |
| 2021-12-31 | €240.61 Million ≈ $281.29 Million |
+5.76% |
| 2021-09-30 | €227.51 Million ≈ $265.98 Million |
+8.31% |
| 2020-09-30 | €210.06 Million ≈ $245.58 Million |
-38.25% |
| 2019-12-31 | €340.18 Million ≈ $397.71 Million |
0.00% |
| 2019-09-30 | €340.18 Million ≈ $397.71 Million |
+3.08% |
| 2018-09-30 | €330.02 Million ≈ $385.83 Million |
-3.12% |
| 2017-09-30 | €340.66 Million ≈ $398.27 Million |
-5.18% |
| 2016-09-30 | €359.27 Million ≈ $420.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Toro Ltd'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 decreased by 10130411200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Toro Ltd Net Assets Breakdown (September 2025)
Toro Ltd net assets breakdown by equity component as of September 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €354.75 Million | 168.19% |
| Total Equity | €210.93 Million | 100.00% |
Toro Ltd Competitors by Market Cap
The table below lists competitors of Toro Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Digital Daesung Co. Ltd
KQ:068930
|
$167.10 Million |
|
So-Young International Inc
NASDAQ:SY
|
$167.24 Million |
|
Formosa Laboratories Inc
TW:4746
|
$167.27 Million |
|
CN YUH.ED.CORP. HD-00001
F:2YU
|
$167.29 Million |
|
Humedix Co Ltd
KQ:200670
|
$167.03 Million |
|
DCX Systems Limited
NSE:DCXINDIA
|
$166.91 Million |
|
Silver Touch Technologies Limited
NSE:SILVERTUC
|
$166.90 Million |
|
Formosa Optical Technology Co Ltd
TWO:5312
|
$166.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toro Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 205,120,350 to 210,928,840, a change of 5,808,490 (2.8%).
- Net income of 25,080,000 contributed positively to equity growth.
- Dividend payments of 21,044,330 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €25.08 Million | +11.89% |
| Dividends Paid | €21.04 Million | -9.98% |
| Other Changes | €1.77 Million | +0.84% |
| Total Change | €- | 2.83% |
Book Value vs Market Value Analysis
This analysis compares Toro Ltd'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: 0.76x
- 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.
- The price-to-book ratio has increased from 0.53x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-09-30 | €0.97 | €0.52 | x |
| 2017-09-30 | €0.97 | €0.52 | x |
| 2018-09-30 | €0.98 | €0.52 | x |
| 2019-09-30 | €1.01 | €0.52 | x |
| 2019-12-31 | €1.01 | €0.52 | x |
| 2020-09-30 | €0.69 | €0.52 | x |
| 2020-12-31 | €0.69 | €0.52 | x |
| 2021-09-30 | €0.75 | €0.52 | x |
| 2021-12-31 | €0.75 | €0.52 | x |
| 2022-09-30 | €0.64 | €0.52 | x |
| 2022-12-31 | €0.64 | €0.52 | x |
| 2023-09-30 | €0.65 | €0.52 | x |
| 2024-09-30 | €0.67 | €0.52 | x |
| 2025-09-30 | €0.69 | €0.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toro Ltd 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): 11.89%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.29%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.63x
- Recent ROE (11.89%) is above the historical average (4.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.17% | 87.43% | 0.04x | 1.03x | €-24.03 Million |
| 2017 | 7.33% | 95.38% | 0.07x | 1.06x | €-8.65 Million |
| 2018 | 6.07% | 93.92% | 0.06x | 1.04x | €-12.56 Million |
| 2019 | 10.35% | 96.38% | 0.09x | 1.19x | €1.11 Million |
| 2019 | 10.35% | 96.38% | 0.09x | 1.19x | €1.11 Million |
| 2020 | -17.91% | 0.00% | -0.16x | 1.09x | €-58.64 Million |
| 2020 | -17.91% | 0.00% | -0.16x | 1.09x | €-58.64 Million |
| 2021 | 19.14% | 97.44% | 0.17x | 1.16x | €20.80 Million |
| 2021 | 19.14% | 97.44% | 0.17x | 1.16x | €20.80 Million |
| 2022 | -5.13% | 0.00% | -0.04x | 1.12x | €-29.71 Million |
| 2022 | -5.13% | 0.00% | -0.04x | 1.12x | €-29.71 Million |
| 2023 | 10.59% | 94.46% | 0.10x | 1.17x | €1.17 Million |
| 2024 | 11.83% | 94.80% | 0.08x | 1.51x | €3.76 Million |
| 2025 | 11.89% | 94.29% | 0.08x | 1.63x | €3.99 Million |
Industry Comparison
This section compares Toro Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $779,959,000
- Average return on equity (ROE) among peers: 9.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toro Ltd (TORO) | €174.25 Million | 3.17% | 0.75x | $167.06 Million |
| 3I Infrastructure PLC (3IN) | $1.05 Billion | 8.61% | 0.19x | $44.33 Million |
| Albion Enterprise VCT PLC (AAEV) | $34.66 Million | 4.31% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $134.84 Million | 12.81% | 0.12x | $4.98 Million |
| Abrdn Asia Focus PLC (AAS) | $441.01 Million | 6.12% | 0.13x | $6.75 Million |
| Albion Technology & General VCT PLC (AATG) | $127.32 Million | 3.41% | 0.01x | $3.06 Million |
| Abrdn PLC (ABDN) | $5.04 Billion | 4.70% | 0.53x | $48.69 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $382.54 Million | 14.91% | 0.21x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $94.28 Million | 0.32% | 0.01x | $217.99K |
| Aquila European Renewables Income PLC (AERI) | $417.44 Million | 6.38% | 0.01x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $80.20 Million | 34.52% | 0.07x | $464.11 |
About Toro Ltd
Toro Limited was founded in 1989 and is based in St Martin, Channel Islands.