Towngas China Company Limited
Towngas Smart Energy Company Limited, an investment holding company, sells piped gas, renewable energy, and other types of energy in the People's Republic of China. The company operates through Sales of Piped Gas Business; Gas Connection; Renewable Energy Business; and Extended Business. It engages in the construction of gas pipelines; provision of photovoltaic power, and other related energy and… Read more
Towngas China Company Limited (TGASF) - Net Assets
Latest net assets as of December 2024: $25.76 Billion USD
Based on the latest financial reports, Towngas China Company Limited (TGASF) has net assets worth $25.76 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($53.04 Billion) and total liabilities ($27.28 Billion). 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 | $25.76 Billion |
| % of Total Assets | 48.56% |
| Annual Growth Rate | N/A |
| 5-Year Change | 13.73% |
| 10-Year Change | 75.23% |
| Growth Volatility | 47.89 |
Towngas China Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Towngas China Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Towngas China Company Limited (2000–2024)
The table below shows the annual net assets of Towngas China Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $25.76 Billion | +2.09% |
| 2023-12-31 | $25.23 Billion | +5.73% |
| 2022-12-31 | $23.86 Billion | -5.20% |
| 2021-12-31 | $25.17 Billion | +11.14% |
| 2020-12-31 | $22.65 Billion | +11.57% |
| 2019-12-31 | $20.30 Billion | +14.24% |
| 2018-12-31 | $17.77 Billion | +3.32% |
| 2017-12-31 | $17.20 Billion | +17.28% |
| 2016-12-31 | $14.66 Billion | -0.24% |
| 2015-12-31 | $14.70 Billion | +1.77% |
| 2014-12-31 | $14.44 Billion | +7.17% |
| 2013-12-31 | $13.48 Billion | +19.41% |
| 2012-12-31 | $11.29 Billion | +9.59% |
| 2011-12-31 | $10.30 Billion | +12.74% |
| 2010-12-31 | $9.14 Billion | +32.62% |
| 2009-12-31 | $6.89 Billion | -0.36% |
| 2008-12-31 | $6.91 Billion | +9.13% |
| 2007-12-31 | $6.33 Billion | +210.68% |
| 2006-12-31 | $2.04 Billion | +0.33% |
| 2005-12-31 | $2.03 Billion | +14.86% |
| 2004-12-31 | $1.77 Billion | +109.47% |
| 2003-12-31 | $844.69 Million | +74.51% |
| 2002-12-31 | $484.04 Million | +1049.94% |
| 2001-12-31 | $-50.95 Million | +55.06% |
| 2000-12-31 | $-113.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Towngas China Company 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 1629751000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $16.30 Billion | 69.51% |
| Common Stock | $348.06 Million | 1.48% |
| Other Components | $6.80 Billion | 29.01% |
| Total Equity | $23.45 Billion | 100.00% |
Towngas China Company Limited Competitors by Market Cap
The table below lists competitors of Towngas China Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Deren Electronic Co Ltd
SHE:002055
|
$432.99 Million |
|
Fission Uranium Corp
OTCQX:FCUUF
|
$433.03 Million |
|
Jess-Link Products Co Ltd
TW:6197
|
$433.05 Million |
|
BECE Legend Group Co Ltd
SHE:000803
|
$433.08 Million |
|
BW Offshore Limited
PINK:BWOFY
|
$432.70 Million |
|
Tangshan Sunfar Silicon Ind
SHG:603938
|
$432.65 Million |
|
Sosei Group Corporation
PINK:SOLTF
|
$432.55 Million |
|
Strive Asset Management
NASDAQ:ASST
|
$432.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Towngas China Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,847,212,000 to 23,447,738,000, a change of 600,526,000 (2.6%).
- Net income of 1,606,116,000 contributed positively to equity growth.
- Dividend payments of 170,879,000 reduced retained earnings.
- Other comprehensive income decreased equity by 923,594,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.61 Billion | +6.85% |
| Dividends Paid | $170.88 Million | -0.73% |
| Other Comprehensive Income | $-923.59 Million | -3.94% |
| Other Changes | $88.88 Million | +0.38% |
| Total Change | $- | 2.63% |
Book Value vs Market Value Analysis
This analysis compares Towngas China Company 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: 0.07x
- 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 |
|---|---|---|---|
| 2000-12-31 | $-0.03 | $0.41 | x |
| 2001-12-31 | $0.26 | $0.41 | x |
| 2002-12-31 | $0.35 | $0.41 | x |
| 2003-12-31 | $0.84 | $0.41 | x |
| 2004-12-31 | $1.36 | $0.41 | x |
| 2005-12-31 | $1.74 | $0.41 | x |
| 2006-12-31 | $1.62 | $0.41 | x |
| 2007-12-31 | $3.29 | $0.41 | x |
| 2008-12-31 | $3.15 | $0.41 | x |
| 2009-12-31 | $3.28 | $0.41 | x |
| 2010-12-31 | $3.92 | $0.41 | x |
| 2011-12-31 | $3.91 | $0.41 | x |
| 2012-12-31 | $4.25 | $0.41 | x |
| 2013-12-31 | $4.80 | $0.41 | x |
| 2014-12-31 | $5.04 | $0.41 | x |
| 2015-12-31 | $5.08 | $0.41 | x |
| 2016-12-31 | $5.03 | $0.41 | x |
| 2017-12-31 | $5.79 | $0.41 | x |
| 2018-12-31 | $5.82 | $0.41 | x |
| 2019-12-31 | $6.55 | $0.41 | x |
| 2020-12-31 | $7.10 | $0.41 | x |
| 2021-12-31 | $7.59 | $0.41 | x |
| 2022-12-31 | $6.06 | $0.41 | x |
| 2023-12-31 | $6.25 | $0.41 | x |
| 2024-12-31 | $6.21 | $0.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Towngas China Company 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): 6.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.54%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.26x
- Recent ROE (6.85%) is below the historical average (8.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.00% | -0.42% | 2.98x | 0.00x | $-3.29 Million |
| 2001 | -3.90% | -0.51% | 1.90x | 4.04x | $-18.23 Million |
| 2002 | 49.39% | 11.52% | 1.56x | 2.74x | $105.70 Million |
| 2003 | 36.04% | 14.34% | 1.02x | 2.48x | $151.07 Million |
| 2004 | 19.89% | 15.85% | 0.46x | 2.75x | $141.92 Million |
| 2005 | 9.48% | 6.70% | 0.47x | 3.00x | $-8.50 Million |
| 2006 | -16.05% | -9.33% | 0.55x | 3.11x | $-400.30 Million |
| 2007 | 3.57% | 6.40% | 0.35x | 1.59x | $-368.64 Million |
| 2008 | 3.27% | 4.59% | 0.42x | 1.68x | $-415.50 Million |
| 2009 | 4.12% | 13.09% | 0.18x | 1.76x | $-378.27 Million |
| 2010 | 5.09% | 14.62% | 0.20x | 1.74x | $-420.55 Million |
| 2011 | 7.37% | 16.40% | 0.24x | 1.89x | $-252.78 Million |
| 2012 | 8.02% | 16.22% | 0.24x | 2.03x | $-207.37 Million |
| 2013 | 8.83% | 16.47% | 0.26x | 2.05x | $-146.84 Million |
| 2014 | 7.95% | 13.37% | 0.29x | 2.06x | $-271.21 Million |
| 2015 | 5.99% | 10.46% | 0.27x | 2.14x | $-540.77 Million |
| 2016 | 7.22% | 13.56% | 0.26x | 2.08x | $-375.94 Million |
| 2017 | 8.62% | 15.59% | 0.27x | 2.07x | $-219.12 Million |
| 2018 | 7.54% | 10.39% | 0.35x | 2.10x | $-398.65 Million |
| 2019 | 7.03% | 10.12% | 0.34x | 2.05x | $-552.78 Million |
| 2020 | 6.98% | 11.28% | 0.30x | 2.07x | $-625.18 Million |
| 2021 | 5.47% | 7.32% | 0.32x | 2.37x | $-1.04 Billion |
| 2022 | 4.49% | 4.81% | 0.38x | 2.46x | $-1.19 Billion |
| 2023 | 6.89% | 7.94% | 0.37x | 2.34x | $-710.10 Million |
| 2024 | 6.85% | 7.54% | 0.40x | 2.26x | $-738.66 Million |
Industry Comparison
This section compares Towngas China Company Limited's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $9,591,711,655
- Average return on equity (ROE) among peers: 15.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Towngas China Company Limited (TGASF) | $25.76 Billion | 0.00% | 1.06x | $432.89 Million |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Ascopiave S.p.A (ASCOF) | $409.67 Million | 8.69% | 1.12x | $220.54 Million |
| Atmos Energy Corporation (ATO) | $1.65 Billion | 8.96% | 2.47x | $30.35 Billion |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| China Gas Holdings Limited (CGHOF) | $45.80 Billion | 20.06% | 1.45x | $2.35 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $3.01 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |