Taita Chemical Co Ltd
Taita Chemical Company, Limited engages in the production and sale of styrenics in Asia, America, Africa, Europe, and internationally. The company offers acrylonitrile-butadiene-styrene (ABS) resin, as well as SAN, glass wool insulation products, plastic raw materials and processed products. The company was founded in 1960 and is headquartered in Taipei, Taiwan.
Taita Chemical Co Ltd (1309) - Net Assets
Latest net assets as of September 2025: NT$5.67 Billion TWD
Based on the latest financial reports, Taita Chemical Co Ltd (1309) has net assets worth NT$5.67 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$8.75 Billion) and total liabilities (NT$3.08 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 | NT$5.67 Billion |
| % of Total Assets | 64.78% |
| Annual Growth Rate | 2.46% |
| 5-Year Change | -0.91% |
| 10-Year Change | 86.6% |
| Growth Volatility | 15.9 |
Taita Chemical Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Taita Chemical 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 Taita Chemical Co Ltd (2002–2024)
The table below shows the annual net assets of Taita Chemical Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.30 Billion | -5.27% |
| 2023-12-31 | NT$6.65 Billion | -7.75% |
| 2022-12-31 | NT$7.21 Billion | -5.95% |
| 2021-12-31 | NT$7.66 Billion | +20.55% |
| 2020-12-31 | NT$6.36 Billion | +47.82% |
| 2019-12-31 | NT$4.30 Billion | +7.71% |
| 2018-12-31 | NT$3.99 Billion | +2.21% |
| 2017-12-31 | NT$3.91 Billion | +15.58% |
| 2016-12-31 | NT$3.38 Billion | +0.12% |
| 2015-12-31 | NT$3.38 Billion | -2.75% |
| 2014-12-31 | NT$3.47 Billion | -15.19% |
| 2013-12-31 | NT$4.09 Billion | +0.64% |
| 2012-12-31 | NT$4.07 Billion | -2.66% |
| 2011-12-31 | NT$4.18 Billion | +6.00% |
| 2010-12-31 | NT$3.94 Billion | +19.62% |
| 2009-12-31 | NT$3.29 Billion | +21.52% |
| 2008-12-31 | NT$2.71 Billion | -38.47% |
| 2007-12-31 | NT$4.41 Billion | +8.09% |
| 2006-12-31 | NT$4.08 Billion | +3.80% |
| 2005-12-31 | NT$3.93 Billion | +4.82% |
| 2004-12-31 | NT$3.75 Billion | +3.87% |
| 2003-12-31 | NT$3.61 Billion | -2.23% |
| 2002-12-31 | NT$3.69 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taita Chemical 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 143091700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.43 Billion | 22.72% |
| Common Stock | NT$3.98 Billion | 63.13% |
| Other Components | NT$891.10 Million | 14.15% |
| Total Equity | NT$6.30 Billion | 100.00% |
Taita Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Taita Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rumere Co. Ltd.
SHE:301088
|
$114.01 Million |
|
Venus Medtech (Hangzhou) Inc
PINK:VMTHF
|
$114.03 Million |
|
Hume Industries Berhad
KLSE:5000
|
$114.04 Million |
|
SNP Schneider-Neureither & Partner SE
XETRA:SHF
|
$114.09 Million |
|
ACT Energy Technologies Ltd.
TO:ACX
|
$113.97 Million |
|
Domo Inc
NASDAQ:DOMO
|
$113.95 Million |
|
Attica Holdings S.A.
AT:ATTICA
|
$113.93 Million |
|
ProQR Therapeutics BV
NASDAQ:PRQR
|
$113.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taita Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,647,991,000 to 6,297,887,000, a change of -350,104,000 (-5.3%).
- Net loss of 223,012,000 reduced equity.
- Dividend payments of 119,276,000 reduced retained earnings.
- Other comprehensive income decreased equity by 926,384,000.
- Other factors increased equity by 918,568,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-223.01 Million | -3.54% |
| Dividends Paid | NT$119.28 Million | -1.89% |
| Other Comprehensive Income | NT$-926.38 Million | -14.71% |
| Other Changes | NT$918.57 Million | +14.59% |
| Total Change | NT$- | -5.27% |
Book Value vs Market Value Analysis
This analysis compares Taita Chemical 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: 0.99x
- 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 1.91x to 0.99x 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$8.28 | NT$15.80 | x |
| 2010-12-31 | NT$9.90 | NT$15.80 | x |
| 2011-12-31 | NT$10.49 | NT$15.80 | x |
| 2012-12-31 | NT$10.23 | NT$15.80 | x |
| 2013-12-31 | NT$10.29 | NT$15.80 | x |
| 2014-12-31 | NT$8.73 | NT$15.80 | x |
| 2015-12-31 | NT$8.49 | NT$15.80 | x |
| 2016-12-31 | NT$8.50 | NT$15.80 | x |
| 2017-12-31 | NT$9.82 | NT$15.80 | x |
| 2018-12-31 | NT$10.03 | NT$15.80 | x |
| 2019-12-31 | NT$10.80 | NT$15.80 | x |
| 2020-12-31 | NT$15.95 | NT$15.80 | x |
| 2021-12-31 | NT$19.23 | NT$15.80 | x |
| 2022-12-31 | NT$18.11 | NT$15.80 | x |
| 2023-12-31 | NT$16.72 | NT$15.80 | x |
| 2024-12-31 | NT$15.91 | NT$15.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taita Chemical Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.20%
- • Asset Turnover: 1.89x
- • Equity Multiplier: 1.56x
- Recent ROE (-3.54%) is below the historical average (5.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.65% | 0.35% | 1.10x | 1.67x | NT$-345.05 Million |
| 2004 | 4.72% | 1.60% | 1.27x | 2.31x | NT$-197.94 Million |
| 2005 | 1.62% | 0.49% | 1.46x | 2.26x | NT$-329.17 Million |
| 2006 | 2.64% | 0.78% | 1.33x | 2.54x | NT$-299.94 Million |
| 2007 | 4.81% | 1.15% | 1.85x | 2.27x | NT$-228.59 Million |
| 2009 | 16.28% | 3.80% | 1.56x | 2.75x | NT$207.05 Million |
| 2010 | 13.35% | 2.85% | 2.02x | 2.32x | NT$132.13 Million |
| 2011 | 6.49% | 1.47% | 1.84x | 2.40x | NT$-146.70 Million |
| 2012 | -1.57% | -0.34% | 1.91x | 2.39x | NT$-470.36 Million |
| 2013 | 0.42% | 0.08% | 1.73x | 3.03x | NT$-391.84 Million |
| 2014 | -18.19% | -3.02% | 1.90x | 3.17x | NT$-978.24 Million |
| 2015 | 2.00% | 0.40% | 1.85x | 2.73x | NT$-269.98 Million |
| 2016 | 3.58% | 0.74% | 1.94x | 2.51x | NT$-217.03 Million |
| 2017 | 12.86% | 2.53% | 2.25x | 2.26x | NT$111.52 Million |
| 2018 | 5.21% | 0.96% | 2.48x | 2.19x | NT$-191.22 Million |
| 2019 | 9.26% | 2.25% | 2.21x | 1.86x | NT$-32.00 Million |
| 2020 | 30.21% | 12.39% | 1.68x | 1.45x | NT$1.28 Billion |
| 2021 | 24.14% | 8.91% | 1.93x | 1.40x | NT$1.08 Billion |
| 2022 | 5.72% | 2.28% | 1.96x | 1.28x | NT$-308.54 Million |
| 2023 | -4.11% | -1.80% | 1.71x | 1.34x | NT$-938.34 Million |
| 2024 | -3.54% | -1.20% | 1.89x | 1.56x | NT$-852.80 Million |
Industry Comparison
This section compares Taita Chemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $49,517,379,000
- Average return on equity (ROE) among peers: 12.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taita Chemical Co Ltd (1309) | NT$5.67 Billion | 0.65% | 0.54x | $113.99 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |