Toho Titanium Co Ltd
Titanium Transportation Group Inc., together with its subsidiaries, operates as an asset-based transportation and logistics company in North America. It operates through Truck Transportation and Logistics. The Truck Transportation segment provides pickup and delivery of general merchandise by long-haul, dedicated, and local trucking services through various trailer types, including dry vans, flat… Read more
Toho Titanium Co Ltd (TTNMF) - Net Assets
Latest net assets as of September 2025: $80.00 Million USD
Based on the latest financial reports, Toho Titanium Co Ltd (TTNMF) has net assets worth $80.00 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 ($286.18 Million) and total liabilities ($206.18 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 | $80.00 Million |
| % of Total Assets | 27.95% |
| Annual Growth Rate | 12.64% |
| 5-Year Change | 69.76% |
| 10-Year Change | N/A |
| Growth Volatility | 25.0 |
Toho Titanium Co Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Toho Titanium Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Toho Titanium Co Ltd (2018–2024)
The table below shows the annual net assets of Toho Titanium Co Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $79.91 Million | -23.57% |
| 2023-12-31 | $104.55 Million | +6.44% |
| 2022-12-31 | $98.22 Million | +33.24% |
| 2021-12-31 | $73.71 Million | +56.60% |
| 2020-12-31 | $47.07 Million | +15.93% |
| 2019-12-31 | $40.60 Million | +3.82% |
| 2018-12-31 | $39.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toho Titanium Co Ltd'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 89.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.91 Million | 19.91% |
| Other Components | $64.00 Million | 80.09% |
| Total Equity | $79.91 Million | 100.00% |
Toho Titanium Co Ltd Competitors by Market Cap
The table below lists competitors of Toho Titanium Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Heritage Global Inc
NASDAQ:HGBL
|
$30.71 Million |
|
EvoAir Holdings Inc.
PINK:EVOH
|
$30.71 Million |
|
Wysiwyg Studios Co. Ltd
KQ:299900
|
$30.71 Million |
|
Dongyang Expre
KO:084670
|
$30.72 Million |
|
S Prime Growth Leasehold Real Estate Investment Trust
BK:SPRIME
|
$30.69 Million |
|
SMC Investment Trading JSC
VN:SMC
|
$30.68 Million |
|
TUBOS REUNIDOS A EO -02
F:TU1
|
$30.67 Million |
|
QES Group Bhd
KLSE:0196
|
$30.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toho Titanium Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 104,549,000 to 79,909,000, a change of -24,640,000 (-23.6%).
- Net loss of 24,013,000 reduced equity.
- Dividend payments of 3,592,000 reduced retained earnings.
- Share repurchases of 368,000 reduced equity.
- New share issuances of 836,000 increased equity.
- Other factors increased equity by 2,497,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-24.01 Million | -30.05% |
| Dividends Paid | $3.59 Million | -4.5% |
| Share Repurchases | $368.00K | -0.46% |
| Share Issuances | $836.00K | +1.05% |
| Other Changes | $2.50 Million | +3.12% |
| Total Change | $- | -23.57% |
Book Value vs Market Value Analysis
This analysis compares Toho Titanium Co Ltd'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: 0.58x
- 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.
- The price-to-book ratio has decreased from 0.97x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $1.07 | $1.03 | x |
| 2019-12-31 | $1.12 | $1.03 | x |
| 2020-12-31 | $1.28 | $1.03 | x |
| 2021-12-31 | $1.67 | $1.03 | x |
| 2022-12-31 | $2.18 | $1.03 | x |
| 2023-12-31 | $2.33 | $1.03 | x |
| 2024-12-31 | $1.77 | $1.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toho Titanium Co Ltd 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): -30.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.22%
- • Asset Turnover: 1.53x
- • Equity Multiplier: 3.75x
- Recent ROE (-30.05%) is below the historical average (6.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 14.83% | 3.14% | 1.64x | 2.88x | $1.89 Million |
| 2019 | 3.90% | 0.95% | 1.23x | 3.33x | $-2.48 Million |
| 2020 | 13.31% | 3.12% | 1.45x | 2.95x | $1.56 Million |
| 2021 | 6.83% | 1.26% | 1.71x | 3.17x | $-2.34 Million |
| 2022 | 25.33% | 5.01% | 1.77x | 2.86x | $15.06 Million |
| 2023 | 9.78% | 2.47% | 1.16x | 3.41x | $-225.90K |
| 2024 | -30.05% | -5.22% | 1.53x | 3.75x | $-32.00 Million |
Industry Comparison
This section compares Toho Titanium Co Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $368,651,163
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toho Titanium Co Ltd (TTNMF) | $80.00 Million | 14.83% | 2.58x | $30.69 Million |
| Andlauer Healthcare Group Inc (ANDHF) | $352.12 Million | 25.55% | 0.83x | $469.38 Million |
| Aqua Power Systems Inc (APSI) | $-106.64K | 0.00% | 0.00x | $383.65K |
| A-Sonic Aerospace Limited (ASNCF) | $38.42 Million | 0.28% | 1.15x | $7.03 Million |
| Addentax Group Corp (ATXG) | $86.00K | 65.43% | 97.87x | $2.89 Million |
| bpost SA/NV (BPOSF) | $682.60 Million | 22.59% | 4.53x | $472.00 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $25.09 Million | -61.17% | 5.78x | $4.28 Million |
| Compañía de Distribución Integral Logista Holdings S.A (CDNIF) | $641.80 Million | 48.03% | 11.59x | $1.70 Billion |
| Cargojet Inc (CGJTF) | $66.60 Million | 3.60% | 5.94x | $791.09 Million |
| CH Robinson Worldwide Inc (CHRW) | $1.88 Billion | 26.94% | 1.74x | $20.09 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $-32.66K | 0.00% | 0.00x | $14.82 Million |