Tai Roun Products Co Ltd
Tai Roun Products Co.,Ltd. manufactures and trades feed, fructose, starch, and prepared foods and seafood in Taiwan, Japan, South Korea, China, and Vietnam. It offers feed for swine, chicken, duck, eel, grass shrimp, tiger prawn, white shrimp, freshwater fish, tilapia, trout, bass, grouper, snapper, and mullet feed products, as well as fructose syrup and sugarcane liquid syrup. It also provides c… Read more
Tai Roun Products Co Ltd (1220) - Net Assets
Latest net assets as of September 2025: NT$2.56 Billion TWD
Based on the latest financial reports, Tai Roun Products Co Ltd (1220) has net assets worth NT$2.56 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.49 Billion) and total liabilities (NT$930.82 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 | NT$2.56 Billion |
| % of Total Assets | 73.33% |
| Annual Growth Rate | 1.33% |
| 5-Year Change | 4.62% |
| 10-Year Change | 15.6% |
| Growth Volatility | 7.18 |
Tai Roun Products Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Tai Roun Products 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 Tai Roun Products Co Ltd (2002–2024)
The table below shows the annual net assets of Tai Roun Products Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.67 Billion | +5.21% |
| 2023-12-31 | NT$2.53 Billion | +4.11% |
| 2022-12-31 | NT$2.43 Billion | -6.15% |
| 2021-12-31 | NT$2.59 Billion | +1.77% |
| 2020-12-31 | NT$2.55 Billion | +2.83% |
| 2019-12-31 | NT$2.48 Billion | +2.40% |
| 2018-12-31 | NT$2.42 Billion | +1.43% |
| 2017-12-31 | NT$2.39 Billion | -0.69% |
| 2016-12-31 | NT$2.40 Billion | +4.17% |
| 2015-12-31 | NT$2.31 Billion | +4.07% |
| 2014-12-31 | NT$2.22 Billion | -1.71% |
| 2013-12-31 | NT$2.25 Billion | -1.80% |
| 2012-12-31 | NT$2.30 Billion | +6.82% |
| 2011-12-31 | NT$2.15 Billion | +5.95% |
| 2010-12-31 | NT$2.03 Billion | +22.19% |
| 2009-12-31 | NT$1.66 Billion | -2.82% |
| 2008-12-31 | NT$1.71 Billion | -12.17% |
| 2007-12-31 | NT$1.95 Billion | -1.91% |
| 2006-12-31 | NT$1.98 Billion | +4.21% |
| 2005-12-31 | NT$1.90 Billion | +12.58% |
| 2004-12-31 | NT$1.69 Billion | -5.42% |
| 2003-12-31 | NT$1.79 Billion | -10.40% |
| 2002-12-31 | NT$1.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tai Roun Products 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 26373900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$263.74 Million | 10.79% |
| Common Stock | NT$1.77 Billion | 72.41% |
| Other Components | NT$410.86 Million | 16.80% |
| Total Equity | NT$2.45 Billion | 100.00% |
Tai Roun Products Co Ltd Competitors by Market Cap
The table below lists competitors of Tai Roun Products Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kr1 PLC
PINK:KROEF
|
$37.64 Million |
|
Tait Marketing & Distribution Co Ltd
TWO:5902
|
$37.67 Million |
|
Nongwoobio Co. Ltd
KQ:054050
|
$37.67 Million |
|
HY Energy Group Co Ltd
SHG:600387
|
$37.68 Million |
|
Aluula Composites Inc.
V:AUUA
|
$37.61 Million |
|
Anel Elektrik Proje Taahhut ve Ticaret AS
IS:ANELE
|
$37.60 Million |
|
Rawlplug S.A.
WAR:RWL
|
$37.58 Million |
|
Schwager
SN:SCHWAGER
|
$37.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tai Roun Products Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,318,712,000 to 2,445,379,000, a change of 126,667,000 (5.5%).
- Net income of 207,408,000 contributed positively to equity growth.
- Dividend payments of 70,559,000 reduced retained earnings.
- Share repurchases of 72,000 reduced equity.
- New share issuances of 76,000 increased equity.
- Other comprehensive income decreased equity by 383,491,000.
- Other factors increased equity by 373,305,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$207.41 Million | +8.48% |
| Dividends Paid | NT$70.56 Million | -2.89% |
| Share Repurchases | NT$72.00K | -0.0% |
| Share Issuances | NT$76.00K | +0.0% |
| Other Comprehensive Income | NT$-383.49 Million | -15.68% |
| Other Changes | NT$373.31 Million | +15.27% |
| Total Change | NT$- | 5.46% |
Book Value vs Market Value Analysis
This analysis compares Tai Roun Products 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: 0.93x
- 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 1.50x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$8.53 | NT$12.80 | x |
| 2010-12-31 | NT$10.65 | NT$12.80 | x |
| 2011-12-31 | NT$11.29 | NT$12.80 | x |
| 2012-12-31 | NT$12.07 | NT$12.80 | x |
| 2013-12-31 | NT$11.96 | NT$12.80 | x |
| 2014-12-31 | NT$11.82 | NT$12.80 | x |
| 2015-12-31 | NT$12.12 | NT$12.80 | x |
| 2016-12-31 | NT$12.57 | NT$12.80 | x |
| 2017-12-31 | NT$12.50 | NT$12.80 | x |
| 2018-12-31 | NT$12.61 | NT$12.80 | x |
| 2019-12-31 | NT$12.94 | NT$12.80 | x |
| 2020-12-31 | NT$13.32 | NT$12.80 | x |
| 2021-12-31 | NT$13.29 | NT$12.80 | x |
| 2022-12-31 | NT$12.57 | NT$12.80 | x |
| 2023-12-31 | NT$13.11 | NT$12.80 | x |
| 2024-12-31 | NT$13.82 | NT$12.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tai Roun Products Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.96%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.42x
- Recent ROE (8.48%) is above the historical average (5.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.15% | 2.96% | 1.08x | 1.61x | NT$-84.95 Million |
| 2009 | -2.84% | -1.63% | 1.14x | 1.52x | NT$-193.93 Million |
| 2010 | 5.95% | 3.45% | 1.07x | 1.62x | NT$-76.42 Million |
| 2011 | 7.20% | 3.93% | 1.08x | 1.70x | NT$-56.09 Million |
| 2012 | 6.69% | 3.82% | 1.25x | 1.40x | NT$-70.93 Million |
| 2013 | 2.70% | 1.62% | 1.14x | 1.46x | NT$-154.83 Million |
| 2014 | 2.55% | 1.42% | 1.15x | 1.56x | NT$-156.19 Million |
| 2015 | 5.55% | 3.65% | 1.06x | 1.44x | NT$-95.77 Million |
| 2016 | 7.38% | 5.75% | 0.95x | 1.35x | NT$-58.64 Million |
| 2017 | 3.49% | 3.27% | 0.78x | 1.37x | NT$-144.38 Million |
| 2018 | 4.17% | 3.40% | 0.88x | 1.39x | NT$-130.42 Million |
| 2019 | 5.47% | 4.22% | 0.95x | 1.37x | NT$-104.18 Million |
| 2020 | 7.63% | 6.52% | 0.89x | 1.31x | NT$-56.03 Million |
| 2021 | 7.54% | 5.53% | 0.98x | 1.39x | NT$-58.13 Million |
| 2022 | 2.07% | 1.30% | 1.10x | 1.44x | NT$-176.06 Million |
| 2023 | 5.75% | 4.05% | 1.03x | 1.38x | NT$-98.60 Million |
| 2024 | 8.48% | 5.96% | 1.00x | 1.42x | NT$-37.13 Million |
Industry Comparison
This section compares Tai Roun Products Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $19,228,455,556
- Average return on equity (ROE) among peers: 8.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tai Roun Products Co Ltd (1220) | NT$2.56 Billion | 5.15% | 0.36x | $37.61 Million |
| Wei Chuan Foods Corp (1201) | $5.55 Billion | 12.34% | 1.69x | $125.16 Million |
| Ve Wong Corp (1203) | $6.25 Billion | 7.16% | 0.53x | $76.18 Million |
| Great Wall Enterprise Co Ltd (1210) | $7.57 Billion | 10.72% | 1.28x | $893.11 Million |
| Charoen Pokphand Enterprise Taiwan Co Ltd (1215) | $5.36 Billion | 14.61% | 0.75x | $839.68 Million |
| Uni-President Enterprises Corp (1216) | $130.79 Billion | 9.49% | 1.59x | $10.01 Billion |
| AGV Products Corp (1217) | $6.27 Billion | 0.76% | 1.01x | $116.99 Million |
| Taisun Enterprise Co Ltd (1218) | $3.67 Billion | 6.42% | 1.09x | $108.34 Million |
| Fwusow Industry Co Ltd (1219) | $3.96 Billion | 5.13% | 1.26x | $99.99 Million |
| Formosa Oilseed Processing Co Ltd (1225) | $3.65 Billion | 9.29% | 1.12x | $49.69 Million |