TravelSky Technology Limited
TravelSky Technology Limited, together with its subsidiaries, provides information technology (IT) solutions for the aviation and travel industries in the People's Republic of China. The company offers aviation IT services comprising electronic travel distribution services, including inventory control and computer reservation systems; airport passenger processing system services; and other extend… Read more
TravelSky Technology Limited (TSYHF) - Net Assets
Latest net assets as of June 2025: $23.68 Billion USD
Based on the latest financial reports, TravelSky Technology Limited (TSYHF) has net assets worth $23.68 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.12 Billion) and total liabilities ($8.45 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 | $23.68 Billion |
| % of Total Assets | 73.71% |
| Annual Growth Rate | 15.75% |
| 5-Year Change | 22.0% |
| 10-Year Change | 87.97% |
| Growth Volatility | 39.17 |
TravelSky Technology Limited - Net Assets Trend (1999–2024)
This chart illustrates how TravelSky Technology 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 TravelSky Technology Limited (1999–2024)
The table below shows the annual net assets of TravelSky Technology Limited from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $22.90 Billion | +8.94% |
| 2023-12-31 | $21.02 Billion | +6.47% |
| 2022-12-31 | $19.74 Billion | +2.66% |
| 2021-12-31 | $19.23 Billion | +2.46% |
| 2020-12-31 | $18.77 Billion | -2.43% |
| 2019-12-31 | $19.24 Billion | +10.38% |
| 2018-12-31 | $17.43 Billion | +9.88% |
| 2017-12-31 | $15.86 Billion | +11.97% |
| 2016-12-31 | $14.16 Billion | +16.29% |
| 2015-12-31 | $12.18 Billion | +15.17% |
| 2014-12-31 | $10.58 Billion | +13.72% |
| 2013-12-31 | $9.30 Billion | +10.30% |
| 2012-12-31 | $8.43 Billion | +10.55% |
| 2011-12-31 | $7.63 Billion | +12.03% |
| 2010-12-31 | $6.81 Billion | +10.54% |
| 2009-12-31 | $6.16 Billion | +29.42% |
| 2008-12-31 | $4.76 Billion | +14.40% |
| 2007-12-31 | $4.16 Billion | +10.53% |
| 2006-12-31 | $3.76 Billion | +3.12% |
| 2005-12-31 | $3.65 Billion | +11.06% |
| 2004-12-31 | $3.29 Billion | +12.60% |
| 2003-12-31 | $2.92 Billion | +2.63% |
| 2002-12-31 | $2.84 Billion | +15.28% |
| 2001-12-31 | $2.47 Billion | +207.28% |
| 2000-12-31 | $802.75 Million | +35.75% |
| 1999-12-31 | $591.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TravelSky Technology 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 9953.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $13.49 Billion | 60.48% |
| Common Stock | $2.93 Billion | 13.12% |
| Other Comprehensive Income | $525.47 Million | 2.36% |
| Other Components | $5.36 Billion | 24.05% |
| Total Equity | $22.30 Billion | 100.00% |
TravelSky Technology Limited Competitors by Market Cap
The table below lists competitors of TravelSky Technology Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Beite Technology Co
SHG:603009
|
$1.43 Billion |
|
Hugo Boss AG
OTCQX:HUGPF
|
$1.43 Billion |
|
AVI LTD RC-05
F:IZ6
|
$1.43 Billion |
|
Cogeco Communications Inc
PINK:CGEAF
|
$1.43 Billion |
|
German American Bancorp Inc
NASDAQ:GABC
|
$1.43 Billion |
|
Anhui Heli Co Ltd
SHG:600761
|
$1.43 Billion |
|
Fujian Sunner Development Co Ltd
SHE:002299
|
$1.43 Billion |
|
Agios Pharm
NASDAQ:AGIO
|
$1.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TravelSky Technology Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,471,132,410 to 22,304,829,222, a change of 1,833,696,812 (9.0%).
- Net income of 2,074,272,594 contributed positively to equity growth.
- Dividend payments of 517,761,080 reduced retained earnings.
- Other comprehensive income increased equity by 219,823,684.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.07 Billion | +9.3% |
| Dividends Paid | $517.76 Million | -2.32% |
| Other Comprehensive Income | $219.82 Million | +0.99% |
| Other Changes | $57.36 Million | +0.26% |
| Total Change | $- | 8.96% |
Book Value vs Market Value Analysis
This analysis compares TravelSky Technology 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: 0.20x
- 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 4.83x to 0.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $0.32 | $1.53 | x |
| 2000-12-31 | $0.43 | $1.53 | x |
| 2001-12-31 | $0.94 | $1.53 | x |
| 2002-12-31 | $1.05 | $1.53 | x |
| 2003-12-31 | $1.08 | $1.53 | x |
| 2004-12-31 | $1.21 | $1.53 | x |
| 2005-12-31 | $1.35 | $1.53 | x |
| 2006-12-31 | $1.41 | $1.53 | x |
| 2007-12-31 | $1.56 | $1.53 | x |
| 2008-12-31 | $1.62 | $1.53 | x |
| 2009-12-31 | $2.07 | $1.53 | x |
| 2010-12-31 | $2.28 | $1.53 | x |
| 2011-12-31 | $2.56 | $1.53 | x |
| 2012-12-31 | $2.82 | $1.53 | x |
| 2013-12-31 | $3.10 | $1.53 | x |
| 2014-12-31 | $3.53 | $1.53 | x |
| 2015-12-31 | $4.05 | $1.53 | x |
| 2016-12-31 | $4.71 | $1.53 | x |
| 2017-12-31 | $5.27 | $1.53 | x |
| 2018-12-31 | $5.81 | $1.53 | x |
| 2019-12-31 | $6.42 | $1.53 | x |
| 2020-12-31 | $6.25 | $1.53 | x |
| 2021-12-31 | $6.41 | $1.53 | x |
| 2022-12-31 | $6.57 | $1.53 | x |
| 2023-12-31 | $7.00 | $1.53 | x |
| 2024-12-31 | $7.62 | $1.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TravelSky Technology 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): 9.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.51%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.33x
- Recent ROE (9.30%) is below the historical average (14.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 37.31% | 35.06% | 0.68x | 1.56x | $149.96 Million |
| 2000 | 34.49% | 35.45% | 0.58x | 1.67x | $180.57 Million |
| 2001 | 16.94% | 50.85% | 0.28x | 1.20x | $166.87 Million |
| 2002 | 16.03% | 47.60% | 0.31x | 1.10x | $169.14 Million |
| 2003 | 8.19% | 27.37% | 0.26x | 1.17x | $-51.97 Million |
| 2004 | 13.56% | 35.38% | 0.33x | 1.16x | $115.29 Million |
| 2005 | 14.76% | 36.60% | 0.35x | 1.14x | $170.83 Million |
| 2006 | 14.07% | 31.99% | 0.40x | 1.11x | $153.17 Million |
| 2007 | 15.59% | 32.40% | 0.43x | 1.12x | $232.66 Million |
| 2008 | 12.02% | 27.93% | 0.38x | 1.12x | $94.11 Million |
| 2009 | 12.83% | 29.62% | 0.37x | 1.16x | $171.00 Million |
| 2010 | 13.42% | 29.36% | 0.39x | 1.18x | $228.54 Million |
| 2011 | 14.00% | 28.52% | 0.41x | 1.20x | $299.09 Million |
| 2012 | 13.71% | 27.90% | 0.41x | 1.20x | $306.56 Million |
| 2013 | 13.28% | 26.74% | 0.40x | 1.23x | $297.96 Million |
| 2014 | 16.02% | 30.97% | 0.42x | 1.23x | $620.73 Million |
| 2015 | 16.15% | 34.99% | 0.37x | 1.25x | $729.33 Million |
| 2016 | 17.56% | 38.90% | 0.34x | 1.32x | $1.04 Billion |
| 2017 | 14.58% | 33.39% | 0.33x | 1.33x | $706.09 Million |
| 2018 | 13.67% | 31.12% | 0.34x | 1.30x | $624.07 Million |
| 2019 | 13.45% | 31.10% | 0.34x | 1.26x | $648.17 Million |
| 2020 | 1.98% | 6.61% | 0.24x | 1.24x | $-1.47 Billion |
| 2021 | 2.94% | 10.07% | 0.23x | 1.29x | $-1.32 Billion |
| 2022 | 3.26% | 12.04% | 0.21x | 1.31x | $-1.30 Billion |
| 2023 | 6.83% | 20.03% | 0.25x | 1.34x | $-648.16 Million |
| 2024 | 9.30% | 23.51% | 0.30x | 1.33x | $-156.21 Million |
Industry Comparison
This section compares TravelSky Technology Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,400,467,175
- Average return on equity (ROE) among peers: 13.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TravelSky Technology Limited (TSYHF) | $23.68 Billion | 37.31% | 0.36x | $1.43 Billion |
| Accenture plc (ACN) | $8.19 Billion | 50.21% | 1.52x | $121.95 Billion |
| adesso SE (ADSGF) | $34.37 Million | 11.38% | 1.03x | $184.00 Million |
| Atlantic Energy Solutions Inc (AESO) | $1.19 Million | 45.06% | 4.65x | $69.73 |
| Atos SE (AEXAF) | $784.10 Million | 9.03% | 2.64x | $64.82K |
| AGILQ (AGILQ) | $79.87 Million | -25.27% | 1.69x | $5.00K |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $59.69 Million |
| Amadeus IT Group S.A (AMADF) | $2.65 Billion | 37.85% | 1.98x | $28.16 Billion |
| Amadeus IT Holding SA PK (AMADY) | $2.30 Billion | 29.77% | 2.05x | $24.80 Billion |
| Applied Digital Corporation (APLD) | $-2.53K | 0.00% | 0.00x | $6.50 Billion |
| Amper S.A. (APMRF) | $-57.50 Million | 0.00% | 0.00x | $216.95 Million |