TOYO Co., Ltd Ordinary Shares
TOYO Co., Ltd. engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain in Asia and the United States. The company designs, manufactures, and sells solar cells and modules, and related products. TOYO Co., Ltd. is headquartered in Tokyo, Japan.
TOYO Co., Ltd Ordinary Shares (TOYO) - Net Assets
Latest net assets as of June 2025: $70.24 Million USD
Based on the latest financial reports, TOYO Co., Ltd Ordinary Shares (TOYO) has net assets worth $70.24 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($353.62 Million) and total liabilities ($283.38 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $70.24 Million |
| % of Total Assets | 19.86% |
| Annual Growth Rate | -13.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 13.21 |
TOYO Co., Ltd Ordinary Shares - Net Assets Trend (2021–2024)
This chart illustrates how TOYO Co., Ltd Ordinary Shares'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 Co., Ltd Ordinary Shares (2021–2024)
The table below shows the annual net assets of TOYO Co., Ltd Ordinary Shares from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $59.44 Million | +4.47% |
| 2023-12-31 | $56.90 Million | -12.92% |
| 2022-12-31 | $65.34 Million | -27.85% |
| 2021-12-31 | $90.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOYO Co., Ltd Ordinary Shares'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 5280926600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $50.32 Million | 84.94% |
| Common Stock | $3.36K | 0.01% |
| Other Comprehensive Income | $-5.49 Million | -9.28% |
| Other Components | $14.41 Million | 24.33% |
| Total Equity | $59.24 Million | 100.00% |
TOYO Co., Ltd Ordinary Shares Competitors by Market Cap
The table below lists competitors of TOYO Co., Ltd Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neo Technical System Co. Ltd
KQ:085910
|
$78.81 Million |
|
FLAIR
NSE:FLAIR
|
$78.82 Million |
|
Tusimple Holdings Inc
PINK:TSPH
|
$78.83 Million |
|
Alam Sutera Realty Tbk
JK:ASRI
|
$78.83 Million |
|
Orient Cement Limited
NSE:ORIENTCEM
|
$78.76 Million |
|
Shoprite Holdings Ltd
JSE:SHP
|
$78.73 Million |
|
Neptune Digital Assets Corp
PINK:NPPTF
|
$78.64 Million |
|
American Well Corp
NYSE:AMWL
|
$78.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOYO Co., Ltd Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 56,897,121 to 59,239,960, a change of 2,342,839 (4.1%).
- Net income of 40,900,000 contributed positively to equity growth.
- New share issuances of 6,010,100 increased equity.
- Other comprehensive income decreased equity by 2,689,595.
- Other factors decreased equity by 41,877,666.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $40.90 Million | +69.04% |
| Share Issuances | $6.01 Million | +10.15% |
| Other Comprehensive Income | $-2.69 Million | -4.54% |
| Other Changes | $-41.88 Million | -70.69% |
| Total Change | $- | 4.12% |
Book Value vs Market Value Analysis
This analysis compares TOYO Co., Ltd Ordinary Shares'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: 6.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.15x to 6.01x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $7.57 | $8.69 | x |
| 2022-12-31 | $0.68 | $8.69 | x |
| 2023-12-31 | $1.39 | $8.69 | x |
| 2024-12-31 | $1.44 | $8.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOYO Co., Ltd Ordinary Shares 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): 69.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.11%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 4.05x
- Recent ROE (69.04%) is above the historical average (28.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.27% | 0.00% | 0.00x | 1.04x | $-9.30 Million |
| 2022 | 27.80% | 0.00% | 0.00x | 9.01x | $1.40 Million |
| 2023 | 17.38% | 15.85% | 0.26x | 4.19x | $4.20 Million |
| 2024 | 69.04% | 23.11% | 0.74x | 4.05x | $34.98 Million |
Industry Comparison
This section compares TOYO Co., Ltd Ordinary Shares's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOYO Co., Ltd Ordinary Shares (TOYO) | $70.24 Million | -0.27% | 4.03x | $78.78 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |