J-Star Holding Co., Ltd. Ordinary Shares (YMAT) - Net Assets
Based on the latest financial reports, J-Star Holding Co., Ltd. Ordinary Shares (YMAT) has net assets worth $-6.78 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 ($7.16 Million) and total liabilities ($13.93 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. Also explore YMAT total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-6.78 Million |
| % of Total Assets | -94.7% |
| Annual Growth Rate | N/A |
| 5-Year Change | -173.1% |
| 10-Year Change | N/A |
| Growth Volatility | 64.82 |
J-Star Holding Co., Ltd. Ordinary Shares - Net Assets Trend (2020–2025)
This chart illustrates how J-Star Holding Co., Ltd. Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Check J-Star Holding Co., Ltd. Ordinary Shares tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for J-Star Holding Co., Ltd. Ordinary Shares (2020–2025)
The table below shows the annual net assets of J-Star Holding Co., Ltd. Ordinary Shares from 2020 to 2025. For live valuation and market cap data, see YMAT company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-6.78 Million | -152.14% |
| 2024-12-31 | $13.00 Million | +9.68% |
| 2023-12-31 | $11.85 Million | +19.67% |
| 2022-12-31 | $9.90 Million | +6.82% |
| 2021-12-31 | $9.27 Million | +0.57% |
| 2020-12-31 | $9.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to J-Star Holding 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 decreased by 1859527400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.60 Million | % |
| Other Comprehensive Income | $-350.29K | % |
| Other Components | $9.32 Million | % |
| Total Equity | $-6.78 Million | 100.00% |
J-Star Holding Co., Ltd. Ordinary Shares Competitors by Market Cap
The table below lists competitors of J-Star Holding Co., Ltd. Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asra Minerals Ltd
AU:ASR
|
$9.64 Million |
|
Theriva Biologics Inc.
NYSE MKT:TOVX
|
$9.64 Million |
|
Apax Global Alpha Ltd
LSE:APAX
|
$9.65 Million |
|
CLASS 1 NICKEL+TECH.LTD
F:77C
|
$9.66 Million |
|
TSR Capital Bhd
KLSE:5042
|
$9.64 Million |
|
GPM Metals Inc
V:GPM
|
$9.63 Million |
|
Xin Hwa Holdings Bhd
KLSE:5267
|
$9.63 Million |
|
Teera-Mongkol Industry Public Company Limited
BK:TMI
|
$9.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in J-Star Holding Co., Ltd. Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,999,263 to -6,777,635, a change of -19,776,898 (-152.1%).
- Net loss of 20,173,616 reduced equity.
- New share issuances of 4,890,000 increased equity.
- Other comprehensive income decreased equity by 857,739.
- Other factors decreased equity by 3,635,543.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-20.17 Million | -297.65% |
| Share Issuances | $4.89 Million | +72.15% |
| Other Comprehensive Income | $-857.74K | -12.66% |
| Other Changes | $-3.64 Million | -53.64% |
| Total Change | $- | -152.14% |
Book Value vs Market Value Analysis
This analysis compares J-Star Holding 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.50 | $1.88 | x |
| 2021-12-31 | $0.47 | $1.88 | x |
| 2022-12-31 | $0.53 | $1.88 | x |
| 2023-12-31 | $0.70 | $1.88 | x |
| 2024-12-31 | $0.76 | $1.88 | x |
| 2025-12-31 | $-0.39 | $1.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently J-Star Holding 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -203.23%
- • Asset Turnover: 1.39x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (5.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 12.04% | 5.01% | 0.78x | 3.10x | $188.24K |
| 2021 | -1.43% | -0.42% | 0.77x | 4.36x | $-1.06 Million |
| 2022 | 1.26% | 0.32% | 0.97x | 4.11x | $-866.11K |
| 2023 | 11.97% | 5.97% | 1.13x | 1.78x | $233.42K |
| 2024 | 8.49% | 6.29% | 0.72x | 1.88x | $-195.71K |
| 2025 | 0.00% | -203.23% | 1.39x | 0.00x | $-19.50 Million |
Industry Comparison
This section compares J-Star Holding Co., Ltd. Ordinary Shares's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,123,709,165
- Average return on equity (ROE) among peers: 8.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| J-Star Holding Co., Ltd. Ordinary Shares (YMAT) | $-6.78 Million | 12.04% | N/A | $9.64 Million |
| Albemarle Corp (ALB) | $558.91 Million | 18.21% | 0.76x | $13.87 Billion |
| Alto Ingredients Inc (ALTO) | $308.09 Million | -13.50% | 0.55x | $212.84 Million |
| Aemetis Inc (AMTX) | $-78.39 Million | 0.00% | 0.00x | $106.25 Million |
| Air Products and Chemicals Inc (APD) | $6.62 Billion | 17.62% | 1.56x | $62.29 Billion |
| Ashland Global Holdings Inc (ASH) | $1.28 Billion | 14.23% | 3.00x | $2.97 Billion |
| Avient Corp (AVNT) | $729.10 Million | -6.32% | 1.83x | $3.33 Billion |
| Axalta Coating Systems Ltd (AXTA) | $1.26 Billion | 3.09% | 3.66x | $6.23 Billion |
| Balchem Corporation (BCPC) | $521.03 Million | 10.74% | 0.82x | $5.17 Billion |
| BioNexus Gene Lab Corp Common stock (BGLC) | $6.66 Million | 16.42% | 0.52x | $3.12 Million |
| Bon Natural Life Ltd (BON) | $30.09 Million | 20.73% | 0.24x | $6.70 Million |
About J-Star Holding Co., Ltd. Ordinary Shares
J-Star Holding Co., Ltd. manufactures and trades in bicycles, sports accessories, and carbon fiber composite products in Taiwan, China, and internationally. It offers bicycles parts of sports bicycles and electric bicycles; paddle rackets for use in tennis, badminton, squash, and beach tennis; and structural parts of automobile, other sporting goods, and healthcare products. J-Star Holding Co., L… Read more