Toto Ltd
TOTO LTD. manufactures and sells bathroom and kitchen plumbing fixtures worldwide. The company provides sanitary ware comprising toilet basins, urinals, sinks, washbasins, etc.; system toilets, toilet seats, plumbing accessories, bathtubs, and unit bathrooms; and fittings, such as various faucets, drain fittings, etc. it also offers modular kitchens, bathroom vanity units, marbright artificial ma… Read more
Toto Ltd (TOTDY) - Net Assets
Latest net assets as of December 2025: $509.22 Billion USD
Based on the latest financial reports, Toto Ltd (TOTDY) has net assets worth $509.22 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($784.78 Billion) and total liabilities ($275.56 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 | $509.22 Billion |
| % of Total Assets | 64.89% |
| Annual Growth Rate | 4.84% |
| 5-Year Change | 41.93% |
| 10-Year Change | 85.77% |
| Growth Volatility | 8.07 |
Toto Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Toto 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 Toto Ltd (2003–2025)
The table below shows the annual net assets of Toto Ltd from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $530.40 Billion | +3.89% |
| 2024-03-31 | $510.56 Billion | +10.73% |
| 2023-03-31 | $461.09 Billion | +11.54% |
| 2022-03-31 | $413.37 Billion | +10.61% |
| 2021-03-31 | $373.70 Billion | +9.55% |
| 2020-03-31 | $341.14 Billion | -1.59% |
| 2019-03-31 | $346.66 Billion | +1.30% |
| 2018-03-31 | $342.22 Billion | +11.82% |
| 2017-03-31 | $306.05 Billion | +7.19% |
| 2016-03-31 | $285.52 Billion | +1.76% |
| 2015-03-31 | $280.58 Billion | +9.35% |
| 2014-03-31 | $256.60 Billion | +20.24% |
| 2013-03-31 | $213.41 Billion | +15.00% |
| 2012-03-31 | $185.58 Billion | +3.01% |
| 2011-03-31 | $180.16 Billion | -4.45% |
| 2010-03-31 | $188.55 Billion | +1.98% |
| 2009-03-31 | $184.89 Billion | -20.14% |
| 2008-03-31 | $231.53 Billion | -0.73% |
| 2007-03-31 | $233.24 Billion | -0.13% |
| 2006-03-31 | $233.55 Billion | +11.07% |
| 2005-03-31 | $210.27 Billion | +5.38% |
| 2004-03-31 | $199.52 Billion | +6.41% |
| 2003-03-31 | $187.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toto 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 174.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $360.41 Billion | 69.01% |
| Common Stock | $35.58 Billion | 6.81% |
| Other Components | $126.29 Billion | 24.18% |
| Total Equity | $522.27 Billion | 100.00% |
Toto Ltd Competitors by Market Cap
The table below lists competitors of Toto Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lazard Ltd
NYSE:LAZ
|
$3.89 Billion |
|
Jiangsu Etern Co Ltd
SHG:600105
|
$3.89 Billion |
|
Centrus Energy Corp.
NYSE MKT:LEU
|
$3.89 Billion |
|
Federated Investors Inc B
NYSE:FHI
|
$3.89 Billion |
|
Shanghai Putailai New Energy Technology Co.Ltd.
SHG:603659
|
$3.89 Billion |
|
Akero Therapeutics Inc
NASDAQ:AKRO
|
$3.89 Billion |
|
Nexans S.A
PINK:NXPRF
|
$3.88 Billion |
|
TRAVEL + LEISURE DL-01
F:WD5A
|
$3.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toto Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 502,716,000,000 to 522,274,000,000, a change of 19,558,000,000 (3.9%).
- Net income of 12,168,000,000 contributed positively to equity growth.
- Dividend payments of 16,964,000,000 reduced retained earnings.
- Share repurchases of 9,000,000 reduced equity.
- Other comprehensive income decreased equity by 86,096,000,000.
- Other factors increased equity by 110,459,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.17 Billion | +2.33% |
| Dividends Paid | $16.96 Billion | -3.25% |
| Share Repurchases | $9.00 Million | -0.0% |
| Other Comprehensive Income | $-86.10 Billion | -16.48% |
| Other Changes | $110.46 Billion | +21.15% |
| Total Change | $- | 3.89% |
Book Value vs Market Value Analysis
This analysis compares Toto 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 |
|---|---|---|---|
| 2003-03-31 | $959.54 | $24.13 | x |
| 2004-03-31 | $1021.66 | $24.13 | x |
| 2005-03-31 | $1072.87 | $24.13 | x |
| 2006-03-31 | $1191.76 | $24.13 | x |
| 2007-03-31 | $1266.71 | $24.13 | x |
| 2008-03-31 | $1292.70 | $24.13 | x |
| 2009-03-31 | $1041.83 | $24.13 | x |
| 2010-03-31 | $1060.24 | $24.13 | x |
| 2011-03-31 | $1018.86 | $24.13 | x |
| 2012-03-31 | $1053.08 | $24.13 | x |
| 2013-03-31 | $1205.72 | $24.13 | x |
| 2014-03-31 | $1461.33 | $24.13 | x |
| 2015-03-31 | $1605.66 | $24.13 | x |
| 2016-03-31 | $1636.95 | $24.13 | x |
| 2017-03-31 | $1755.02 | $24.13 | x |
| 2018-03-31 | $1967.85 | $24.13 | x |
| 2019-03-31 | $1999.76 | $24.13 | x |
| 2020-03-31 | $1972.99 | $24.13 | x |
| 2021-03-31 | $2163.22 | $24.13 | x |
| 2022-03-31 | $2391.01 | $24.13 | x |
| 2023-03-31 | $2673.91 | $24.13 | x |
| 2024-03-31 | $2961.75 | $24.13 | x |
| 2025-03-31 | $3076.65 | $24.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toto 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): 2.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.68%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.56x
- Recent ROE (2.33%) is below the historical average (6.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 2.28% | 0.93% | 0.93x | 2.64x | $-13.76 Billion |
| 2004 | 6.18% | 2.51% | 1.01x | 2.44x | $-7.25 Billion |
| 2005 | 6.55% | 2.70% | 1.05x | 2.31x | $-6.88 Billion |
| 2006 | 5.87% | 2.63% | 1.04x | 2.14x | $-9.15 Billion |
| 2007 | 5.92% | 2.64% | 1.10x | 2.04x | $-9.32 Billion |
| 2008 | 5.85% | 2.64% | 1.11x | 2.00x | $-9.40 Billion |
| 2009 | -14.55% | -5.65% | 1.20x | 2.15x | $-44.31 Billion |
| 2010 | 0.48% | 0.21% | 1.12x | 2.06x | $-17.52 Billion |
| 2011 | 2.91% | 1.18% | 1.14x | 2.16x | $-12.46 Billion |
| 2012 | 5.14% | 2.05% | 1.20x | 2.09x | $-8.77 Billion |
| 2013 | 8.18% | 3.56% | 1.17x | 1.97x | $-3.77 Billion |
| 2014 | 17.76% | 7.97% | 1.16x | 1.92x | $19.28 Billion |
| 2015 | 9.17% | 4.56% | 1.05x | 1.91x | $-2.26 Billion |
| 2016 | 12.92% | 6.29% | 1.06x | 1.94x | $8.07 Billion |
| 2017 | 11.07% | 5.74% | 1.04x | 1.86x | $3.20 Billion |
| 2018 | 11.03% | 6.21% | 1.05x | 1.70x | $3.42 Billion |
| 2019 | 9.55% | 5.52% | 1.02x | 1.70x | $-1.54 Billion |
| 2020 | 7.05% | 3.95% | 1.02x | 1.74x | $-9.89 Billion |
| 2021 | 7.35% | 4.64% | 0.90x | 1.76x | $-9.72 Billion |
| 2022 | 9.89% | 6.22% | 1.01x | 1.58x | $-442.30 Million |
| 2023 | 8.58% | 5.55% | 0.96x | 1.61x | $-6.44 Billion |
| 2024 | 7.40% | 5.30% | 0.89x | 1.57x | $-13.08 Billion |
| 2025 | 2.33% | 1.68% | 0.89x | 1.56x | $-40.06 Billion |
Industry Comparison
This section compares Toto Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $214,669,412
- Average return on equity (ROE) among peers: -3.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toto Ltd (TOTDY) | $509.22 Billion | 2.28% | 0.54x | $3.89 Billion |
| AAON Inc (AAON) | $96.52 Million | 29.62% | 0.46x | $5.50 Billion |
| AC Partners Inc (ACPS) | $546.95K | 5.07% | 0.12x | $5.04K |
| Antelope Enterprise Holdings Ltd (AEHL) | $555.23 Million | 4.36% | 0.55x | $2.14 Million |
| Armstrong Flooring Inc (AFIIQ) | $391.00 Million | -41.69% | 0.81x | $2.18K |
| Montana Technologies Corporation (AIRJ) | $284.10 Million | -0.98% | 0.04x | $90.39 Million |
| Atlas Engineered Products Ltd (APEUF) | $-923.99K | 0.00% | 0.00x | $33.22 Million |
| Apogee Enterprises Inc (APOG) | $396.41 Million | 26.26% | 1.31x | $693.82 Million |
| Alpha Pro Tech Ltd (APT) | $23.48 Million | 15.92% | 0.14x | $40.04 Million |
| Arlo Technologies (ARLO) | $276.61 Million | -24.72% | 1.15x | $1.44 Billion |
| Aspen Aerogels Inc (ASPN) | $123.72 Million | -53.61% | 0.17x | $261.41 Million |