Tungtex (Holdings) Company Limited
Tungtex (Holdings) Company Limited, an investment holding company, manufactures, sells, and retails garment products in Asia, North America, Europe, and internationally. It is involved in the trading of garments and property investment activities. The company also offers ladies sportswear, casual wear, and suit pieces. It serves designer labels, department stores, chain stores, and specialty stor… Read more
Tungtex (Holdings) Company Limited (TUGHF) - Net Assets
Latest net assets as of September 2025: $368.54 Million USD
Based on the latest financial reports, Tungtex (Holdings) Company Limited (TUGHF) has net assets worth $368.54 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 ($522.92 Million) and total liabilities ($154.38 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 | $368.54 Million |
| % of Total Assets | 70.48% |
| Annual Growth Rate | -0.06% |
| 5-Year Change | -10.29% |
| 10-Year Change | -32.61% |
| Growth Volatility | 16.57 |
Tungtex (Holdings) Company Limited - Net Assets Trend (1996–2025)
This chart illustrates how Tungtex (Holdings) 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 Tungtex (Holdings) Company Limited (1996–2025)
The table below shows the annual net assets of Tungtex (Holdings) Company Limited from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $377.70 Million | -2.17% |
| 2024-03-31 | $386.08 Million | -4.62% |
| 2023-03-31 | $404.77 Million | +2.71% |
| 2022-03-31 | $394.08 Million | -6.40% |
| 2021-03-31 | $421.01 Million | +64.76% |
| 2020-03-31 | $255.52 Million | -26.08% |
| 2019-03-31 | $345.68 Million | -26.13% |
| 2018-03-31 | $467.99 Million | +0.21% |
| 2017-03-31 | $467.01 Million | -16.68% |
| 2016-03-31 | $560.51 Million | -13.48% |
| 2015-03-31 | $647.84 Million | +24.27% |
| 2014-03-31 | $521.32 Million | +13.82% |
| 2013-03-31 | $458.04 Million | -7.10% |
| 2012-03-31 | $493.05 Million | -8.59% |
| 2011-03-31 | $539.39 Million | -2.54% |
| 2010-03-31 | $553.44 Million | -5.64% |
| 2009-03-31 | $586.51 Million | -1.17% |
| 2008-03-31 | $593.43 Million | +4.86% |
| 2007-03-31 | $565.93 Million | +6.16% |
| 2006-03-31 | $533.10 Million | -1.99% |
| 2005-03-31 | $543.92 Million | -15.56% |
| 2004-03-31 | $644.15 Million | +5.04% |
| 2003-03-31 | $613.22 Million | +4.16% |
| 2002-03-31 | $588.70 Million | +15.25% |
| 2001-03-31 | $510.78 Million | +11.97% |
| 2000-03-31 | $456.17 Million | +5.95% |
| 1999-03-31 | $430.55 Million | -6.03% |
| 1998-03-31 | $458.20 Million | +10.06% |
| 1997-03-31 | $416.31 Million | +8.33% |
| 1996-03-31 | $384.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tungtex (Holdings) 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 12748700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $127.49 Million | 32.51% |
| Common Stock | $254.11 Million | 64.79% |
| Other Components | $10.60 Million | 2.70% |
| Total Equity | $392.19 Million | 100.00% |
Tungtex (Holdings) Company Limited Competitors by Market Cap
The table below lists competitors of Tungtex (Holdings) Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Personal Assets Trust plc
LSE:PNL
|
$5.96 Million |
|
Leeuwin Metals Ltd
AU:LM1
|
$5.97 Million |
|
PUC Bhd
KLSE:0007
|
$5.97 Million |
|
Cordoba Minerals Corp
OTCQB:CDBMF
|
$5.97 Million |
|
Greenville Federal Financial Corp
PINK:GVFF
|
$5.96 Million |
|
Superhouse Limited
NSE:SUPERHOUSE
|
$5.96 Million |
|
Middlesex Water Company PFD 7%
PINK:MSEXP
|
$5.96 Million |
|
Hannun SA
MC:HAN
|
$5.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tungtex (Holdings) Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 399,428,000 to 392,195,000, a change of -7,233,000 (-1.8%).
- Net loss of 9,931,000 reduced equity.
- Dividend payments of 2,255,000 reduced retained earnings.
- Other comprehensive income decreased equity by 5,516,000.
- Other factors increased equity by 10,469,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.93 Million | -2.53% |
| Dividends Paid | $2.25 Million | -0.57% |
| Other Comprehensive Income | $-5.52 Million | -1.41% |
| Other Changes | $10.47 Million | +2.67% |
| Total Change | $- | -1.81% |
Book Value vs Market Value Analysis
This analysis compares Tungtex (Holdings) 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: 0.03x
- 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 |
|---|---|---|---|
| 1996-03-31 | $1.02 | $0.03 | x |
| 1997-03-31 | $1.10 | $0.03 | x |
| 1998-03-31 | $1.22 | $0.03 | x |
| 1999-03-31 | $1.13 | $0.03 | x |
| 2000-03-31 | $1.19 | $0.03 | x |
| 2001-03-31 | $1.32 | $0.03 | x |
| 2002-03-31 | $1.52 | $0.03 | x |
| 2003-03-31 | $1.57 | $0.03 | x |
| 2004-03-31 | $1.65 | $0.03 | x |
| 2005-03-31 | $1.36 | $0.03 | x |
| 2006-03-31 | $1.36 | $0.03 | x |
| 2007-03-31 | $1.44 | $0.03 | x |
| 2008-03-31 | $1.50 | $0.03 | x |
| 2009-03-31 | $1.50 | $0.03 | x |
| 2010-03-31 | $1.44 | $0.03 | x |
| 2011-03-31 | $1.41 | $0.03 | x |
| 2012-03-31 | $1.29 | $0.03 | x |
| 2013-03-31 | $1.22 | $0.03 | x |
| 2014-03-31 | $1.24 | $0.03 | x |
| 2015-03-31 | $1.54 | $0.03 | x |
| 2016-03-31 | $1.34 | $0.03 | x |
| 2017-03-31 | $1.12 | $0.03 | x |
| 2018-03-31 | $1.03 | $0.03 | x |
| 2019-03-31 | $0.76 | $0.03 | x |
| 2020-03-31 | $0.58 | $0.03 | x |
| 2021-03-31 | $0.96 | $0.03 | x |
| 2022-03-31 | $0.90 | $0.03 | x |
| 2023-03-31 | $0.92 | $0.03 | x |
| 2024-03-31 | $0.89 | $0.03 | x |
| 2025-03-31 | $0.87 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tungtex (Holdings) 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): -2.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.48%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.41x
- Recent ROE (-2.53%) is below the historical average (7.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 9.22% | 3.99% | 2.22x | 1.04x | $-2.92 Million |
| 1997 | 16.56% | 5.77% | 2.74x | 1.05x | $26.26 Million |
| 1998 | 19.79% | 6.24% | 3.00x | 1.06x | $42.51 Million |
| 1999 | 22.74% | 6.38% | 3.27x | 1.09x | $50.62 Million |
| 2000 | 23.11% | 6.58% | 1.95x | 1.80x | $54.71 Million |
| 2001 | 26.00% | 7.11% | 1.99x | 1.84x | $74.30 Million |
| 2002 | 16.43% | 6.24% | 1.71x | 1.54x | $34.41 Million |
| 2003 | 16.47% | 5.93% | 1.71x | 1.63x | $35.88 Million |
| 2004 | 16.46% | 5.47% | 1.87x | 1.61x | $37.46 Million |
| 2005 | 14.76% | 3.60% | 2.29x | 1.79x | $22.79 Million |
| 2006 | 17.91% | 4.33% | 2.13x | 1.94x | $37.71 Million |
| 2007 | 20.92% | 4.66% | 2.21x | 2.03x | $55.39 Million |
| 2008 | 18.30% | 4.32% | 2.11x | 2.01x | $44.10 Million |
| 2009 | 7.99% | 2.10% | 2.26x | 1.69x | $-10.63 Million |
| 2010 | 4.34% | 1.39% | 1.84x | 1.70x | $-28.63 Million |
| 2011 | 6.09% | 1.74% | 2.05x | 1.71x | $-19.35 Million |
| 2012 | -4.10% | -1.16% | 2.04x | 1.73x | $-64.11 Million |
| 2013 | -3.25% | -0.94% | 1.59x | 2.17x | $-56.64 Million |
| 2014 | -8.67% | -3.20% | 1.28x | 2.12x | $-94.49 Million |
| 2015 | 30.30% | 15.40% | 1.39x | 1.42x | $132.37 Million |
| 2016 | -11.57% | -6.25% | 1.25x | 1.48x | $-122.03 Million |
| 2017 | -25.29% | -12.32% | 1.28x | 1.60x | $-166.95 Million |
| 2018 | -9.77% | -4.66% | 1.25x | 1.68x | $-94.17 Million |
| 2019 | -26.51% | -9.74% | 1.56x | 1.75x | $-129.57 Million |
| 2020 | -31.50% | -11.79% | 1.41x | 1.90x | $-110.15 Million |
| 2021 | 59.31% | 55.61% | 0.74x | 1.43x | $212.83 Million |
| 2022 | -6.43% | -4.43% | 0.95x | 1.53x | $-66.60 Million |
| 2023 | 4.73% | 2.62% | 1.35x | 1.34x | $-21.97 Million |
| 2024 | -3.20% | -2.48% | 0.93x | 1.40x | $-52.74 Million |
| 2025 | -2.53% | -1.48% | 1.21x | 1.41x | $-49.15 Million |
Industry Comparison
This section compares Tungtex (Holdings) Company Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $452,652,321
- Average return on equity (ROE) among peers: 4.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tungtex (Holdings) Company Limited (TUGHF) | $368.54 Million | 9.22% | 0.42x | $5.96 Million |
| Agavenny Corporation (AGNY) | $1.26 Million | -1.07% | 0.07x | $441.50 |
| Authentic Holdings Inc. (AHRO) | $-2.87 Million | 0.00% | 0.00x | $1.67 Million |
| Columbia Sportswear Company (COLM) | $640.83 Million | 18.74% | 0.22x | $1.42 Billion |
| China Outfitters Holdings Ltd (COUTF) | $1.66 Billion | -7.37% | 0.20x | $19.05 Million |
| Delta Galil Industries Ltd (DELTF) | $451.32 Million | 8.09% | 1.26x | $530.69 Million |
| Delta Apparel, Inc. (DLAPQ) | $182.72 Million | 10.80% | 1.87x | $705.00 |
| Exceed Company Ltd (EDSFF) | $-29.05K | 0.00% | 0.00x | $0.91 |
| Ever-Glory International Group Inc. (EVKG) | $140.96 Million | -0.07% | 1.48x | $5.52K |
| Figs Inc (FIGS) | $245.57 Million | -3.89% | 0.27x | $2.19 Billion |
| Fox-Wizel Ltd (FXWZF) | $1.21 Billion | 17.11% | 2.86x | $233.16 Million |