Tong Yang Industry Co Ltd
Tong Yang Industry Co., Ltd. engages in the manufacture and sale of parts, components, and models for automobile in Taiwan, China, the United States, and internationally. The company operates through two segments, Domestic Operating Entity and Foreign Operating Entity. It offers plastics products, such as bumper covers, grills, and instrument panels; sheet metal products, including fenders and ho… Read more
Tong Yang Industry Co Ltd (1319) - Net Assets
Latest net assets as of September 2025: NT$27.30 Billion TWD
Based on the latest financial reports, Tong Yang Industry Co Ltd (1319) has net assets worth NT$27.30 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$36.23 Billion) and total liabilities (NT$8.93 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$27.30 Billion |
| % of Total Assets | 75.34% |
| Annual Growth Rate | 7.95% |
| 5-Year Change | 25.92% |
| 10-Year Change | 47.18% |
| Growth Volatility | 10.51 |
Tong Yang Industry Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Tong Yang Industry 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 Tong Yang Industry Co Ltd (2000–2024)
The table below shows the annual net assets of Tong Yang Industry Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$28.16 Billion | +8.66% |
| 2023-12-31 | NT$25.91 Billion | +6.79% |
| 2022-12-31 | NT$24.27 Billion | +8.97% |
| 2021-12-31 | NT$22.27 Billion | -0.41% |
| 2020-12-31 | NT$22.36 Billion | -1.67% |
| 2019-12-31 | NT$22.74 Billion | +3.96% |
| 2018-12-31 | NT$21.87 Billion | +2.52% |
| 2017-12-31 | NT$21.34 Billion | +5.87% |
| 2016-12-31 | NT$20.15 Billion | +5.34% |
| 2015-12-31 | NT$19.13 Billion | +6.50% |
| 2014-12-31 | NT$17.96 Billion | +0.67% |
| 2013-12-31 | NT$17.84 Billion | +8.80% |
| 2012-12-31 | NT$16.40 Billion | +1.20% |
| 2011-12-31 | NT$16.21 Billion | +6.70% |
| 2010-12-31 | NT$15.19 Billion | +5.93% |
| 2009-12-31 | NT$14.34 Billion | +13.70% |
| 2008-12-31 | NT$12.61 Billion | +3.45% |
| 2007-12-31 | NT$12.19 Billion | +8.49% |
| 2006-12-31 | NT$11.24 Billion | +2.38% |
| 2005-12-31 | NT$10.97 Billion | +46.91% |
| 2004-12-31 | NT$7.47 Billion | +23.53% |
| 2003-12-31 | NT$6.05 Billion | +28.03% |
| 2002-12-31 | NT$4.72 Billion | -0.57% |
| 2001-12-31 | NT$4.75 Billion | +5.82% |
| 2000-12-31 | NT$4.49 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tong Yang Industry 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 1407263200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$14.07 Billion | 50.97% |
| Common Stock | NT$5.91 Billion | 21.42% |
| Other Components | NT$7.62 Billion | 27.61% |
| Total Equity | NT$27.61 Billion | 100.00% |
Tong Yang Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Tong Yang Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Digi Communications NV
RO:DIGI
|
$989.72 Million |
|
Schaeffler AG
PINK:SFFLY
|
$989.80 Million |
|
Starlake Bioscience Co Inc Zhaoqing Guangdong
SHG:600866
|
$990.13 Million |
|
Clarkson PLC
PINK:CKNHF
|
$990.23 Million |
|
OEM International AB (publ)
ST:OEM-B
|
$989.11 Million |
|
Dno ASA
PINK:DTNOF
|
$989.01 Million |
|
IDT Corporation
NYSE:IDT
|
$988.87 Million |
|
VIX Securities JSC
VN:VIX
|
$988.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tong Yang Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,451,396,000 to 27,610,499,000, a change of 2,159,103,000 (8.5%).
- Net income of 4,376,915,000 contributed positively to equity growth.
- Dividend payments of 2,365,908,000 reduced retained earnings.
- Other comprehensive income decreased equity by 169,350,000.
- Other factors increased equity by 317,446,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.38 Billion | +15.85% |
| Dividends Paid | NT$2.37 Billion | -8.57% |
| Other Comprehensive Income | NT$-169.35 Million | -0.61% |
| Other Changes | NT$317.45 Million | +1.15% |
| Total Change | NT$- | 8.48% |
Book Value vs Market Value Analysis
This analysis compares Tong Yang Industry 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: 1.82x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.61x to 1.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$12.87 | NT$85.10 | x |
| 2005-12-31 | NT$14.27 | NT$85.10 | x |
| 2006-12-31 | NT$14.53 | NT$85.10 | x |
| 2007-12-31 | NT$16.27 | NT$85.10 | x |
| 2008-12-31 | NT$17.21 | NT$85.10 | x |
| 2009-12-31 | NT$19.87 | NT$85.10 | x |
| 2010-12-31 | NT$25.61 | NT$85.10 | x |
| 2011-12-31 | NT$23.96 | NT$85.10 | x |
| 2012-12-31 | NT$24.52 | NT$85.10 | x |
| 2013-12-31 | NT$27.06 | NT$85.10 | x |
| 2014-12-31 | NT$27.54 | NT$85.10 | x |
| 2015-12-31 | NT$30.64 | NT$85.10 | x |
| 2016-12-31 | NT$32.46 | NT$85.10 | x |
| 2017-12-31 | NT$34.45 | NT$85.10 | x |
| 2018-12-31 | NT$35.41 | NT$85.10 | x |
| 2019-12-31 | NT$37.14 | NT$85.10 | x |
| 2020-12-31 | NT$36.63 | NT$85.10 | x |
| 2021-12-31 | NT$36.57 | NT$85.10 | x |
| 2022-12-31 | NT$40.14 | NT$85.10 | x |
| 2023-12-31 | NT$43.02 | NT$85.10 | x |
| 2024-12-31 | NT$46.68 | NT$85.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tong Yang Industry Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.10%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.39x
- Recent ROE (15.85%) is above the historical average (10.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 5.92% | 4.35% | 0.60x | 2.28x | NT$-184.47 Million |
| 2002 | 11.96% | 8.21% | 0.65x | 2.23x | NT$92.62 Million |
| 2003 | 20.08% | 14.75% | 0.69x | 1.97x | NT$609.31 Million |
| 2004 | 18.12% | 13.52% | 0.67x | 1.99x | NT$555.60 Million |
| 2005 | 15.08% | 8.17% | 0.63x | 2.94x | NT$374.50 Million |
| 2006 | 8.41% | 4.39% | 0.59x | 3.27x | NT$-119.17 Million |
| 2007 | 11.80% | 5.99% | 0.64x | 3.09x | NT$151.60 Million |
| 2008 | 6.07% | 3.20% | 0.63x | 3.03x | NT$-347.75 Million |
| 2009 | 15.33% | 7.70% | 0.72x | 2.78x | NT$544.26 Million |
| 2010 | 8.60% | 5.67% | 0.75x | 2.03x | NT$-192.90 Million |
| 2011 | 8.07% | 6.46% | 0.59x | 2.10x | NT$-282.69 Million |
| 2012 | 4.90% | 4.31% | 0.59x | 1.92x | NT$-763.85 Million |
| 2013 | 8.13% | 6.87% | 0.63x | 1.89x | NT$-310.19 Million |
| 2014 | 5.38% | 4.30% | 0.61x | 2.04x | NT$-782.82 Million |
| 2015 | 9.36% | 7.55% | 0.62x | 2.00x | NT$-116.90 Million |
| 2016 | 12.58% | 9.99% | 0.66x | 1.90x | NT$495.11 Million |
| 2017 | 11.49% | 9.57% | 0.65x | 1.85x | NT$303.24 Million |
| 2018 | 9.19% | 8.37% | 0.62x | 1.78x | NT$-168.72 Million |
| 2019 | 9.03% | 9.18% | 0.58x | 1.69x | NT$-212.68 Million |
| 2020 | 3.78% | 4.73% | 0.49x | 1.64x | NT$-1.35 Billion |
| 2021 | 3.18% | 3.74% | 0.53x | 1.59x | NT$-1.48 Billion |
| 2022 | 9.06% | 10.11% | 0.63x | 1.41x | NT$-223.53 Million |
| 2023 | 11.86% | 12.66% | 0.68x | 1.38x | NT$474.27 Million |
| 2024 | 15.85% | 17.10% | 0.67x | 1.39x | NT$1.62 Billion |
Industry Comparison
This section compares Tong Yang Industry Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,807,314,111
- Average return on equity (ROE) among peers: -18.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tong Yang Industry Co Ltd (1319) | NT$27.30 Billion | 5.92% | 0.33x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |