TuanChe ADR (TC) - Net Assets
Based on the latest financial reports, TuanChe ADR (TC) has net assets worth $132.28 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 ($172.88 Million) and total liabilities ($40.60 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 TC capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $132.28 Million |
| % of Total Assets | 76.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | -31.53% |
| 10-Year Change | N/A |
| Growth Volatility | 290.29 |
TuanChe ADR - Net Assets Trend (2016–2025)
This chart illustrates how TuanChe ADR's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see TC market cap.
Annual Net Assets for TuanChe ADR (2016–2025)
The table below shows the annual net assets of TuanChe ADR from 2016 to 2025. Also explore TC shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $132.36 Million | +194.00% |
| 2024-12-31 | $-140.81 Million | -822.68% |
| 2023-12-31 | $19.48 Million | -79.00% |
| 2022-12-31 | $92.78 Million | -52.00% |
| 2021-12-31 | $193.31 Million | -32.66% |
| 2020-12-31 | $287.06 Million | -32.48% |
| 2019-12-31 | $425.13 Million | -29.38% |
| 2018-12-31 | $601.99 Million | +1084.54% |
| 2017-12-31 | $-61.14 Million | +3.87% |
| 2016-12-31 | $-63.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TuanChe ADR'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 113897749200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.94 Million | 4.49% |
| Other Comprehensive Income | $57.03 Million | 43.09% |
| Other Components | $1.49 Billion | 1125.02% |
| Total Equity | $132.36 Million | 100.00% |
TuanChe ADR Competitors by Market Cap
The table below lists competitors of TuanChe ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Audix Corp
TW:2459
|
$217.91 Million |
|
Eastern Water Resources Development and Management Public Company Limited
F:7ES1
|
$217.95 Million |
|
Kepler Weber S.A
SA:KEPL3
|
$218.01 Million |
|
104 Corporation
TW:3130
|
$218.03 Million |
|
Exco Technologies Limited
TO:XTC
|
$217.78 Million |
|
VS Industry Bhd
KLSE:6963
|
$217.74 Million |
|
SCHMID Group N.V. Class A Ordinary Shares
NASDAQ:SHMD
|
$217.72 Million |
|
Prodware
PA:ALPRO
|
$217.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TuanChe ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -140,807,000 to 132,364,233, a change of 273,171,233.
- Net income of 2,208,151 contributed positively to equity growth.
- New share issuances of 165,039,000 increased equity.
- Other comprehensive income increased equity by 66,014,295.
- Other factors increased equity by 39,909,787.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.21 Million | +1.67% |
| Share Issuances | $165.04 Million | +124.69% |
| Other Comprehensive Income | $66.01 Million | +49.87% |
| Other Changes | $39.91 Million | +30.15% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares TuanChe ADR'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 |
|---|---|---|---|
| 2016-12-31 | $-136.57 | $9.92 | x |
| 2017-12-31 | $-123.74 | $9.92 | x |
| 2018-12-31 | $948.02 | $9.92 | x |
| 2019-12-31 | $345.96 | $9.92 | x |
| 2020-12-31 | $181.81 | $9.92 | x |
| 2021-12-31 | $121.70 | $9.92 | x |
| 2022-12-31 | $55.77 | $9.92 | x |
| 2023-12-31 | $9.20 | $9.92 | x |
| 2024-12-31 | $-64.19 | $9.92 | x |
| 2025-12-31 | $1116.40 | $9.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TuanChe ADR 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): 1.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.34%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.31x
- Recent ROE (1.67%) is above the historical average (-78.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | -83.86% | 2.38x | 0.00x | $-92.05 Million |
| 2017 | 0.00% | -34.43% | 2.49x | 0.00x | $-90.52 Million |
| 2018 | -18.30% | -16.92% | 0.90x | 1.21x | $-170.35 Million |
| 2019 | -58.96% | -38.87% | 1.14x | 1.33x | $-293.15 Million |
| 2020 | -56.58% | -49.37% | 0.70x | 1.65x | $-191.85 Million |
| 2021 | -52.44% | -28.51% | 1.01x | 1.82x | $-121.39 Million |
| 2022 | -179.44% | -90.88% | 0.78x | 2.54x | $-175.77 Million |
| 2023 | -425.84% | -51.10% | 1.36x | 6.13x | $-84.92 Million |
| 2024 | 0.00% | -382.28% | 1.11x | 0.00x | $-173.91 Million |
| 2025 | 1.67% | 38.34% | 0.03x | 1.31x | $-11.03 Million |
Industry Comparison
This section compares TuanChe ADR's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $265,331,807
- Average return on equity (ROE) among peers: 1.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TuanChe ADR (TC) | $132.28 Million | 0.00% | 0.31x | $217.88 Million |
| ACCESS Newswire Inc. (ACCS) | $279.95K | 97.94% | 0.66x | $25.07 Million |
| Advantage Solutions Inc (ADV) | $1.71 Billion | 1.44% | 2.44x | $444.73 Million |
| Advantage Solutions Inc (ADVWW) | $1.67 Billion | -69.33% | 2.59x | $45.43 |
| Airnet Technology Inc (ANTE) | $-8.93 Million | 0.00% | 0.00x | $385.29 Million |
| Applovin Corp (APP) | $1.26 Billion | 28.43% | 3.27x | $99.84 Billion |
| Baosheng Media Group Holdings Ltd (BAOS) | $42.36 Million | -4.36% | 0.15x | $442.24K |
| Clear Channel Outdoor Holdings Inc (CCO) | $-2.10 Billion | 0.00% | 0.00x | $1.22 Billion |
| Cardlytics Inc (CDLX) | $51.98 Million | -102.05% | 1.96x | $36.87 Million |
| Cheer Holding Inc. (CHR) | $11.74 Million | 93.87% | 1.70x | $2.83 Million |
| ZW Data Action Technologies Inc (CNET) | $22.30 Million | -29.12% | 0.35x | $4.77 Million |
About TuanChe ADR
Token Cat Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in the People's Republic of China. The company organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, including automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between … Read more