THK Co. Ltd
THK Co., Ltd. engages in the manufacture and sale of mechanical components worldwide. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings/ double row angular contact ring, electric actuators, linear motor actuators, cam followers, roller followers, linear bushes, LM strokes, slide packs, slide rails, cross roller guides and tables, lin… Read more
THK Co. Ltd (THKLF) - Net Assets
Latest net assets as of June 2024: $403.11 Billion USD
Based on the latest financial reports, THK Co. Ltd (THKLF) has net assets worth $403.11 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($586.78 Billion) and total liabilities ($183.66 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 | $403.11 Billion |
| % of Total Assets | 68.7% |
| Annual Growth Rate | 5.7% |
| 5-Year Change | 41.67% |
| 10-Year Change | 55.58% |
| Growth Volatility | 9.17 |
THK Co. Ltd - Net Assets Trend (2004–2024)
This chart illustrates how THK 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 THK Co. Ltd (2004–2024)
The table below shows the annual net assets of THK Co. Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $389.79 Billion | +7.41% |
| 2023-12-31 | $362.90 Billion | +7.60% |
| 2022-12-31 | $337.28 Billion | +7.32% |
| 2021-12-31 | $314.29 Billion | +14.23% |
| 2020-12-31 | $275.15 Billion | -5.49% |
| 2019-12-31 | $291.13 Billion | -1.22% |
| 2018-12-31 | $294.72 Billion | +4.60% |
| 2017-12-31 | $281.75 Billion | +12.01% |
| 2016-12-31 | $251.54 Billion | +0.40% |
| 2015-12-31 | $250.54 Billion | +0.02% |
| 2014-12-31 | $250.50 Billion | +12.76% |
| 2013-12-31 | $222.15 Billion | +17.50% |
| 2012-12-31 | $189.06 Billion | +7.71% |
| 2011-12-31 | $175.52 Billion | +4.51% |
| 2010-12-31 | $167.94 Billion | +3.50% |
| 2009-12-31 | $162.26 Billion | -8.70% |
| 2008-12-31 | $177.71 Billion | -7.90% |
| 2007-12-31 | $192.95 Billion | +2.07% |
| 2006-12-31 | $189.04 Billion | +11.34% |
| 2005-12-31 | $169.79 Billion | +32.03% |
| 2004-12-31 | $128.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to THK 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 266.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $260.64 Billion | 67.94% |
| Common Stock | $34.61 Billion | 9.02% |
| Other Components | $88.40 Billion | 23.04% |
| Total Equity | $383.64 Billion | 100.00% |
THK Co. Ltd Competitors by Market Cap
The table below lists competitors of THK Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Van Lanschot NV
AS:VLK
|
$2.23 Billion |
|
Immunovant Inc
NASDAQ:IMVT
|
$2.23 Billion |
|
Hillenbrand Inc
NYSE:HI
|
$2.23 Billion |
|
Viscofan
MC:VIS
|
$2.24 Billion |
|
Greif Bros Corporation
NYSE:GEF
|
$2.23 Billion |
|
FOUR CORNERS PROPERTY TR.
F:4Z1
|
$2.23 Billion |
|
COCA-COLA BOTTLERS JAP.H.
F:CCW
|
$2.23 Billion |
|
Nordstrom Inc
NYSE:JWN
|
$2.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in THK Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 357,264,000,000 to 383,645,000,000, a change of 26,381,000,000 (7.4%).
- Net income of 10,439,000,000 contributed positively to equity growth.
- Dividend payments of 4,167,000,000 reduced retained earnings.
- Share repurchases of 4,020,000,000 reduced equity.
- Other comprehensive income decreased equity by 46,246,000,000.
- Other factors increased equity by 70,375,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.44 Billion | +2.72% |
| Dividends Paid | $4.17 Billion | -1.09% |
| Share Repurchases | $4.02 Billion | -1.05% |
| Other Comprehensive Income | $-46.25 Billion | -12.05% |
| Other Changes | $70.38 Billion | +18.34% |
| Total Change | $- | 7.38% |
Book Value vs Market Value Analysis
This analysis compares THK 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: 0.01x
- 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 |
|---|---|---|---|
| 2004-12-31 | $956.93 | $21.58 | x |
| 2005-12-31 | $1249.28 | $21.58 | x |
| 2006-12-31 | $1399.14 | $21.58 | x |
| 2007-12-31 | $1445.89 | $21.58 | x |
| 2008-12-31 | $1372.67 | $21.58 | x |
| 2009-12-31 | $1252.69 | $21.58 | x |
| 2010-12-31 | $1296.50 | $21.58 | x |
| 2011-12-31 | $1351.99 | $21.58 | x |
| 2012-12-31 | $1469.56 | $21.58 | x |
| 2013-12-31 | $1736.47 | $21.58 | x |
| 2014-12-31 | $1957.44 | $21.58 | x |
| 2015-12-31 | $1953.93 | $21.58 | x |
| 2016-12-31 | $1966.69 | $21.58 | x |
| 2017-12-31 | $2140.48 | $21.58 | x |
| 2018-12-31 | $2240.73 | $21.58 | x |
| 2019-12-31 | $2214.98 | $21.58 | x |
| 2020-12-31 | $2105.53 | $21.58 | x |
| 2021-12-31 | $2408.81 | $21.58 | x |
| 2022-12-31 | $2703.43 | $21.58 | x |
| 2023-12-31 | $2914.32 | $21.58 | x |
| 2024-12-31 | $3129.81 | $21.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently THK 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): 2.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.96%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.48x
- Recent ROE (2.72%) is below the historical average (6.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 13.59% | 11.79% | 0.67x | 1.72x | $4.58 Billion |
| 2005 | 11.04% | 11.73% | 0.65x | 1.45x | $1.76 Billion |
| 2006 | 11.24% | 12.04% | 0.66x | 1.41x | $2.32 Billion |
| 2007 | 9.60% | 8.78% | 0.79x | 1.38x | $-772.40 Million |
| 2008 | 0.68% | 0.67% | 0.75x | 1.36x | $-16.45 Billion |
| 2009 | -8.88% | -12.40% | 0.49x | 1.47x | $-30.41 Billion |
| 2010 | 8.37% | 7.32% | 0.68x | 1.68x | $-2.71 Billion |
| 2011 | 7.27% | 6.42% | 0.68x | 1.66x | $-4.75 Billion |
| 2012 | 5.24% | 5.83% | 0.57x | 1.57x | $-8.92 Billion |
| 2013 | 7.09% | 8.41% | 0.55x | 1.53x | $-6.39 Billion |
| 2014 | 9.16% | 10.43% | 0.58x | 1.51x | $-2.07 Billion |
| 2015 | 5.49% | 5.65% | 0.59x | 1.65x | $-11.16 Billion |
| 2016 | 6.72% | 6.12% | 0.66x | 1.67x | $-8.16 Billion |
| 2017 | 12.66% | 8.98% | 0.88x | 1.61x | $7.21 Billion |
| 2018 | 12.48% | 10.01% | 0.76x | 1.63x | $7.04 Billion |
| 2019 | 4.17% | 4.26% | 0.59x | 1.67x | $-16.34 Billion |
| 2020 | -4.45% | -5.41% | 0.48x | 1.73x | $-38.51 Billion |
| 2021 | 7.55% | 7.23% | 0.62x | 1.69x | $-7.45 Billion |
| 2022 | 6.39% | 5.38% | 0.70x | 1.69x | $-11.99 Billion |
| 2023 | 5.15% | 5.23% | 0.63x | 1.56x | $-17.33 Billion |
| 2024 | 2.72% | 2.96% | 0.62x | 1.48x | $-27.93 Billion |
Industry Comparison
This section compares THK Co. Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $49,834,203,139
- Average return on equity (ROE) among peers: -24.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| THK Co. Ltd (THKLF) | $403.11 Billion | 13.59% | 0.46x | $2.23 Billion |
| American Commerce Solutions Inc (AACS) | $554.04K | -209.75% | 2.35x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-3.05 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $302.90 Million | 33.41% | 2.98x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $130.00 Million | -40.77% | 16.65x | $91.17 Million |
| Alphaform AG (AFRMF) | $9.59 Million | -32.38% | 1.09x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-8.71 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $10.49 Billion | 35.97% | 1.77x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $484.04 Billion | 5.74% | 0.27x | $3.72 Billion |
| Ametek Inc (AME) | $3.25 Billion | 18.15% | 1.05x | $49.22 Billion |
| American Superconductor Corporation (AMSC) | $125.12 Million | -52.85% | 0.73x | $1.42 Billion |