Top Win International Limited (SORA) - Net Assets
Based on the latest financial reports, Top Win International Limited (SORA) has net assets worth $2.80 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 ($5.10 Million) and total liabilities ($2.30 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 tangible equity quality of Top Win International Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.80 Million |
| % of Total Assets | 54.88% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Top Win International Limited - Net Assets Trend (2022–2025)
This chart illustrates how Top Win International Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Top Win International Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Top Win International Limited (2022–2025)
The table below shows the annual net assets of Top Win International Limited from 2022 to 2025. For live valuation and market cap data, see SORA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.80 Million | +103.95% |
| 2024-12-31 | $1.37 Million | +332.16% |
| 2023-12-31 | $-591.51K | +25.09% |
| 2022-12-31 | $-789.65K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Top Win International Limited'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 229032000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.50 Million | 53.46% |
| Common Stock | $1.60K | 0.06% |
| Other Comprehensive Income | $-1.29K | -0.05% |
| Other Components | $1.30 Million | 46.53% |
| Total Equity | $2.80 Million | 100.00% |
Top Win International Limited Competitors by Market Cap
The table below lists competitors of Top Win International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tobii AB
ST:TOBII
|
$53.01 Million |
|
Austco Healthcare Ltd
AU:AHC
|
$53.03 Million |
|
Yesil Gayrimenkul Yatirim Ortakligi AS
IS:YGYO
|
$53.06 Million |
|
POS Malaysia&Services Holdings Bhd
KLSE:4634
|
$53.06 Million |
|
Bangkok Ranch PCL
BK:BR
|
$52.96 Million |
|
Regal Holding Co Ltd
TW:4807
|
$52.95 Million |
|
Santova Ltd
JSE:SNV
|
$52.93 Million |
|
M K Land Holdings Bhd
KLSE:8893
|
$52.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Top Win International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,373,279 to 2,800,830, a change of 1,427,551 (104.0%).
- Net income of 1,576,909 contributed positively to equity growth.
- New share issuances of 9,298,294 increased equity.
- Other comprehensive income decreased equity by 1,672.
- Other factors decreased equity by 9,445,980.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.58 Million | +56.3% |
| Share Issuances | $9.30 Million | +331.98% |
| Other Comprehensive Income | $-1.67K | -0.06% |
| Other Changes | $-9.45 Million | -337.26% |
| Total Change | $- | 103.95% |
Book Value vs Market Value Analysis
This analysis compares Top Win International Limited'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: 22.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $-0.03 | $2.59 | x |
| 2023-12-31 | $-0.02 | $2.59 | x |
| 2024-12-31 | $0.07 | $2.59 | x |
| 2025-12-31 | $0.11 | $2.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Top Win International Limited 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): 56.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 111.91%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.82x
- Recent ROE (56.30%) is above the historical average (13.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.00% | 0.51% | 2.37x | 0.00x | $150.96K |
| 2023 | 0.00% | 1.05% | 3.38x | 0.00x | $255.88K |
| 2024 | -3.07% | -0.24% | 2.66x | 4.83x | $-179.55K |
| 2025 | 56.30% | 111.91% | 0.28x | 1.82x | $1.30 Million |
Industry Comparison
This section compares Top Win International Limited's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $304,944,726
- Average return on equity (ROE) among peers: 5.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Top Win International Limited (SORA) | $2.80 Million | 0.00% | 0.82x | $52.96 Million |
| Birks Group Inc (BGI) | $48.63 Million | 2.90% | 3.97x | $7.72 Million |
| Brilliant Earth Group Inc (BRLT) | $82.84 Million | 1.84% | 1.63x | $18.10 Million |
| Capri Holdings Ltd (CPRI) | $2.24 Billion | 39.31% | 0.20x | $2.07 Billion |
| Charles & Colvard Ltd (CTHR) | $47.26 Million | 3.41% | 0.07x | $1.41 Million |
| Envela Corp (ELA) | $5.59 Million | 6.28% | 0.84x | $619.23 Million |
| Adamas One Corp. Common Stock (JEWL) | $-6.36 Million | 0.00% | 0.00x | $19.02K |
| Lanvin Group Holdings Limited (LANV) | $-32.91 Million | 0.00% | 0.00x | $174.25 Million |
| LuxExperience B.V. (LUXE) | $385.72 Million | -8.45% | 0.35x | $1.09 Billion |
| Movado Group Inc (MOV) | $166.40 Million | 12.62% | 0.78x | $585.13 Million |
| MYT Netherlands Parent BV (MYTE) | $111.32 Million | 1.48% | 2.01x | $1.04 Billion |
About Top Win International Limited
AsiaStrategy, together with its subsidiaries, engages in trading, distribution, and retail of luxury watches in Hong Kong. The company sells its products under the Omega, Cartier, Rolex, Longines, Audermars Piguet, Patek Philippe, Blancpain, Casio, Breguet, and Hublot brand names. It serves business-to-business (B2B) customers including distributors, independent watch dealers, and retail sellers.… Read more