XD Inc
XD Inc., an investment holding company, develops, publishes, operates, and distributes mobile and web games in Mainland China and internationally. It operates through the Game and TapTap platform segments. The company operates TapTap, a game community and platform that provides online marketing services to game developers, and game publishers or their agents, as well as provides information servi… Read more
XD Inc (XDNCF) - Net Assets
Latest net assets as of June 2025: $3.21 Billion USD
Based on the latest financial reports, XD Inc (XDNCF) has net assets worth $3.21 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 ($4.51 Billion) and total liabilities ($1.30 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 | $3.21 Billion |
| % of Total Assets | 71.09% |
| Annual Growth Rate | 23.25% |
| 5-Year Change | 5.21% |
| 10-Year Change | N/A |
| Growth Volatility | 36.26 |
XD Inc - Net Assets Trend (2016–2024)
This chart illustrates how XD Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for XD Inc (2016–2024)
The table below shows the annual net assets of XD Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.71 Billion | +45.26% |
| 2023-12-31 | $1.87 Billion | -1.94% |
| 2022-12-31 | $1.91 Billion | -20.01% |
| 2021-12-31 | $2.38 Billion | -7.66% |
| 2020-12-31 | $2.58 Billion | +12.84% |
| 2019-12-31 | $2.29 Billion | +70.31% |
| 2018-12-31 | $1.34 Billion | +40.18% |
| 2017-12-31 | $957.75 Million | +87.83% |
| 2016-12-31 | $509.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to XD Inc'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 622.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $43.60 Million | 1.73% |
| Common Stock | $336.00K | 0.01% |
| Other Components | $2.47 Billion | 98.25% |
| Total Equity | $2.51 Billion | 100.00% |
XD Inc Competitors by Market Cap
The table below lists competitors of XD Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dalata Hotel Group plc
OTCGREY:DLTTF
|
$735.84 Million |
|
Verallia Société Anonyme
PINK:VRLAF
|
$736.19 Million |
|
Zhejiang Garden Bio-chemical High-tech Co Ltd
SHE:300401
|
$736.41 Million |
|
Shanghai Fullhan Microelectronics Co Ltd
SHE:300613
|
$736.48 Million |
|
Peric Special Gases Co. Ltd. A
SHG:688146
|
$735.26 Million |
|
Permian Basin Royalty Trust
NYSE:PBT
|
$734.83 Million |
|
Compagnie de l'Odet
PINK:FCODF
|
$734.75 Million |
|
Radius Recycling, Inc.
NASDAQ:RDUS
|
$734.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XD Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,709,173,000 to 2,513,819,000, a change of 804,646,000 (47.1%).
- Net income of 811,530,000 contributed positively to equity growth.
- Share repurchases of 48,555,000 reduced equity.
- New share issuances of 11,602,000 increased equity.
- Other comprehensive income increased equity by 4,563,979,000.
- Other factors decreased equity by 4,533,910,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $811.53 Million | +32.28% |
| Share Repurchases | $48.55 Million | -1.93% |
| Share Issuances | $11.60 Million | +0.46% |
| Other Comprehensive Income | $4.56 Billion | +181.56% |
| Other Changes | $-4.53 Billion | -180.36% |
| Total Change | $- | 47.08% |
Book Value vs Market Value Analysis
This analysis compares XD Inc'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: 0.52x
- 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 2.29x to 0.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $1.18 | $2.70 | x |
| 2017-12-31 | $1.98 | $2.70 | x |
| 2018-12-31 | $2.54 | $2.70 | x |
| 2019-12-31 | $5.27 | $2.70 | x |
| 2020-12-31 | $5.31 | $2.70 | x |
| 2021-12-31 | $4.96 | $2.70 | x |
| 2022-12-31 | $4.00 | $2.70 | x |
| 2023-12-31 | $3.70 | $2.70 | x |
| 2024-12-31 | $5.20 | $2.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XD Inc 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): 32.28%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.19%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 1.56x
- Recent ROE (32.28%) is above the historical average (3.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.04% | 3.29% | 1.08x | 1.42x | $-24.80 Million |
| 2017 | 13.92% | 8.68% | 1.03x | 1.56x | $32.83 Million |
| 2018 | 26.44% | 15.10% | 1.09x | 1.60x | $177.24 Million |
| 2019 | 27.43% | 18.09% | 0.99x | 1.53x | $326.24 Million |
| 2020 | 0.40% | 0.32% | 0.85x | 1.46x | $-220.50 Million |
| 2021 | -37.49% | -31.96% | 0.54x | 2.19x | $-1.09 Billion |
| 2022 | -29.31% | -16.13% | 0.72x | 2.54x | $-742.33 Million |
| 2023 | -4.86% | -2.45% | 0.77x | 2.58x | $-253.96 Million |
| 2024 | 32.28% | 16.19% | 1.28x | 1.56x | $560.15 Million |
Industry Comparison
This section compares XD Inc's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $3,313,913,293
- Average return on equity (ROE) among peers: -81.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XD Inc (XDNCF) | $3.21 Billion | 5.04% | 0.41x | $735.71 Million |
| Alliance Media Holdings Inc (ADTR) | $3.34 Million | 5.56% | 2.25x | $1.00 |
| Alpha Esports Tech Inc (APETF) | $2.65 Million | -47.32% | 0.21x | $1.19K |
| Atlantis Internet Group Corp (ATIG) | $-2.11 Million | 0.00% | 0.00x | $1.96 |
| Kuuhubb Inc (BCDMF) | $448.25K | -290.46% | 0.57x | $333.35K |
| Blue Hat Interactive Entertainment (BHAT) | $6.95 Million | 37.02% | 0.79x | $1.57K |
| i3 Interactive Inc (BLITF) | $439.47K | -289.81% | 0.19x | $21.80K |
| Global Gaming Technologies Corp (BLKCF) | $3.39 Million | -79.50% | 0.30x | $12.22K |
| Capcom Co. Ltd (CCOEF) | $32.49 Billion | 11.15% | 2.27x | $8.38 Billion |
| Doubledown Interactive Co Ltd (DDI) | $626.23 Million | -37.36% | 0.26x | $7.07 Million |
| DarkIris Inc. Class A Ordinary Shares (DKI) | $6.78 Million | -127.41% | 0.25x | $2.82 Million |