Gogoro Inc (GGR) - Net Assets
Based on the latest financial reports, Gogoro Inc (GGR) has net assets worth $132.27 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($702.02 Million) and total liabilities ($569.75 Million). 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. Check GGR asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $132.27 Million |
| % of Total Assets | 18.84% |
| Annual Growth Rate | -4.12% |
| 5-Year Change | -3.55% |
| 10-Year Change | N/A |
| Growth Volatility | 66.41 |
Gogoro Inc - Net Assets Trend (2019–2024)
This chart illustrates how Gogoro Inc's net assets have evolved over time, based on quarterly financial data. Also explore GGR total assets for the complete picture of this company's asset base.
Annual Net Assets for Gogoro Inc (2019–2024)
The table below shows the annual net assets of Gogoro Inc from 2019 to 2024. For live valuation and market cap data, see GGR market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $176.54 Million | -29.01% |
| 2023-12-31 | $248.69 Million | -16.82% |
| 2022-12-31 | $298.97 Million | +141.67% |
| 2021-12-31 | $123.71 Million | -32.41% |
| 2020-12-31 | $183.03 Million | -16.01% |
| 2019-12-31 | $217.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gogoro Inc'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 24610500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $29.00K | 0.02% |
| Other Comprehensive Income | $-9.22 Million | -5.22% |
| Other Components | $734.46 Million | 416.03% |
| Total Equity | $176.54 Million | 100.00% |
Gogoro Inc Competitors by Market Cap
The table below lists competitors of Gogoro Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Drilling Tools Limited
NSE:UNIDT
|
$44.63 Million |
|
Ludan Engineering Co. Ltd
TA:LUDN
|
$44.65 Million |
|
Charoong Thai Wire and Cable Public Company Limited
BK:CTW
|
$44.65 Million |
|
NPD Co. Ltd
KQ:198080
|
$44.66 Million |
|
Harrisons Malayalam Limited
NSE:HARRMALAYA
|
$44.61 Million |
|
PA Nova S.A.
WAR:NVA
|
$44.59 Million |
|
INSPIREMD 1/18 DL-0001
F:II2
|
$44.58 Million |
|
flyExclusive, Inc.
NYSE:FLYX
|
$44.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gogoro Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 248,687,000 to 176,540,000, a change of -72,147,000 (-29.0%).
- Net loss of 122,754,000 reduced equity.
- New share issuances of 75,000,000 increased equity.
- Other comprehensive income decreased equity by 13,946,000.
- Other factors decreased equity by 10,447,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-122.75 Million | -69.53% |
| Share Issuances | $75.00 Million | +42.48% |
| Other Comprehensive Income | $-13.95 Million | -7.9% |
| Other Changes | $-10.45 Million | -5.92% |
| Total Change | $- | -29.01% |
Book Value vs Market Value Analysis
This analysis compares Gogoro Inc'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: 0.31x
- 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 |
|---|---|---|---|
| 2019-12-31 | $17.85 | $4.15 | x |
| 2020-12-31 | $20.39 | $4.15 | x |
| 2021-12-31 | $19.62 | $4.15 | x |
| 2022-12-31 | $26.93 | $4.15 | x |
| 2023-12-31 | $21.18 | $4.15 | x |
| 2024-12-31 | $13.32 | $4.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gogoro Inc 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): -69.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.52%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 3.97x
- Recent ROE (-69.53%) is below the historical average (-36.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -6.01% | -2.98% | 0.65x | 3.10x | $-34.88 Million |
| 2020 | -26.92% | -13.53% | 0.46x | 4.32x | $-67.58 Million |
| 2021 | -54.45% | -18.40% | 0.43x | 6.83x | $-79.73 Million |
| 2022 | -33.08% | -25.84% | 0.44x | 2.92x | $-128.81 Million |
| 2023 | -30.58% | -21.73% | 0.42x | 3.35x | $-100.91 Million |
| 2024 | -69.53% | -39.52% | 0.44x | 3.97x | $-140.41 Million |
Industry Comparison
This section compares Gogoro Inc's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $742,053,600
- Average return on equity (ROE) among peers: -1417.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gogoro Inc (GGR) | $132.27 Million | -6.01% | 4.31x | $44.62 Million |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $10.17K | -145.77% | 13.28x | $157.60 Million |
| Arrival (ARVLF) | $221.31 Million | 0.01% | 0.04x | $1.84K |
| AYRO Inc (AYRO) | $68.94K | -12821.26% | 39.30x | $4.47 Million |
| Bollinger Innovations, Inc. (BINI) | $4.06 Million | -335.26% | 4.74x | $40.49K |
| Cenntro Electric Group Ltd (CENN) | $263.77 Million | -6.23% | 0.10x | $9.80 Million |
| Chijet Motor Company, Inc. Ordinary Shares (CJET) | $112.03 Million | -26.70% | 6.22x | $3.81 Million |
| China Yuchai International Limited (CYD) | $6.79 Billion | 16.65% | 1.39x | $1.50 Billion |
| Digital Currency X Technology Inc. (DCX) | $16.13 Million | -479.02% | 39.53x | $2.99 Million |
| Damon Inc. Common Stock (DMN) | $10.70 Million | -343.46% | 0.40x | $2.94 Million |
About Gogoro Inc
Gogoro Inc., together with its subsidiaries, engages in the research, development, manufacture, sale, and distribution of electric scooters and bikes, and electric scooter enabling components in Taiwan, India, and internationally. The company offers consulting services; battery swapping services, including the Swap & Go battery swapping platform that delivers full power to electric-powered four-w… Read more