Ocean Plastics Co Ltd
Ocean Plastics Co., Ltd. engages in the manufacture and sale of plastic products in Taiwan, India, the United States, China, Japan, and internationally. The company offers eco-friendly DMF-free PU products, including water-based polyurethane leather, film/hyperfoam, base, and resin; and solvent-free prepolymer polyurethane leather, film, and resin used in footwear, balls and protective gear, furn… Read more
Ocean Plastics Co Ltd (1321) - Net Assets
Latest net assets as of September 2025: NT$5.81 Billion TWD
Based on the latest financial reports, Ocean Plastics Co Ltd (1321) has net assets worth NT$5.81 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$11.43 Billion) and total liabilities (NT$5.62 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$5.81 Billion |
| % of Total Assets | 50.84% |
| Annual Growth Rate | 4.18% |
| 5-Year Change | -8.19% |
| 10-Year Change | 22.18% |
| Growth Volatility | 22.74 |
Ocean Plastics Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Ocean Plastics 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 Ocean Plastics Co Ltd (2002–2024)
The table below shows the annual net assets of Ocean Plastics Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.06 Billion | -2.12% |
| 2023-12-31 | NT$6.19 Billion | +4.74% |
| 2022-12-31 | NT$5.91 Billion | -10.76% |
| 2021-12-31 | NT$6.63 Billion | +0.34% |
| 2020-12-31 | NT$6.60 Billion | +23.96% |
| 2019-12-31 | NT$5.33 Billion | -0.37% |
| 2018-12-31 | NT$5.35 Billion | +11.85% |
| 2017-12-31 | NT$4.78 Billion | -1.76% |
| 2016-12-31 | NT$4.87 Billion | -1.94% |
| 2015-12-31 | NT$4.96 Billion | +0.12% |
| 2014-12-31 | NT$4.96 Billion | -2.63% |
| 2013-12-31 | NT$5.09 Billion | -0.33% |
| 2012-12-31 | NT$5.11 Billion | -3.06% |
| 2011-12-31 | NT$5.27 Billion | +103.40% |
| 2010-12-31 | NT$2.59 Billion | -3.22% |
| 2009-12-31 | NT$2.68 Billion | +3.78% |
| 2008-12-31 | NT$2.58 Billion | -10.83% |
| 2007-12-31 | NT$2.89 Billion | -8.15% |
| 2006-12-31 | NT$3.15 Billion | -4.75% |
| 2005-12-31 | NT$3.31 Billion | +12.93% |
| 2004-12-31 | NT$2.93 Billion | +10.17% |
| 2003-12-31 | NT$2.66 Billion | +7.97% |
| 2002-12-31 | NT$2.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ocean Plastics 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 371262800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.71 Billion | 61.23% |
| Common Stock | NT$2.27 Billion | 37.48% |
| Other Comprehensive Income | NT$92.80 Million | 1.53% |
| Total Equity | NT$6.06 Billion | 100.00% |
Ocean Plastics Co Ltd Competitors by Market Cap
The table below lists competitors of Ocean Plastics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AIRO Group Holdings, Inc. Common Stock
NASDAQ:AIRO
|
$168.72 Million |
|
AVITA MEDICAL DL-0001
F:51KA
|
$168.74 Million |
|
Seah Steel Corp
KO:003030
|
$168.76 Million |
|
Yantai Ishikawa Sealing Technology Co.Ltd.
SHE:301020
|
$168.83 Million |
|
Jilin Province Xidian Pharmaceutical Sci-Tech Development Co.Ltd
SHE:301130
|
$168.69 Million |
|
Deceuninck N.V.
LSE:0MEL
|
$168.66 Million |
|
Echoiq Ltd
AU:EIQ
|
$168.60 Million |
|
Shanghai Shibei Hi-Tech Co Ltd B
SHG:900902
|
$168.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ocean Plastics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,194,066,000 to 6,063,056,000, a change of -131,010,000 (-2.1%).
- Net income of 166,934,000 contributed positively to equity growth.
- Dividend payments of 88,274,000 reduced retained earnings.
- Other comprehensive income decreased equity by 239,628,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$166.93 Million | +2.75% |
| Dividends Paid | NT$88.27 Million | -1.46% |
| Other Comprehensive Income | NT$-239.63 Million | -3.95% |
| Other Changes | NT$29.96 Million | +0.49% |
| Total Change | NT$- | -2.12% |
Book Value vs Market Value Analysis
This analysis compares Ocean Plastics 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: 1.21x
- 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 2.32x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$14.26 | NT$33.10 | x |
| 2007-12-31 | NT$13.10 | NT$33.10 | x |
| 2008-12-31 | NT$11.69 | NT$33.10 | x |
| 2009-12-31 | NT$12.13 | NT$33.10 | x |
| 2010-12-31 | NT$11.74 | NT$33.10 | x |
| 2011-12-31 | NT$23.87 | NT$33.10 | x |
| 2012-12-31 | NT$23.14 | NT$33.10 | x |
| 2013-12-31 | NT$23.07 | NT$33.10 | x |
| 2014-12-31 | NT$22.46 | NT$33.10 | x |
| 2015-12-31 | NT$22.49 | NT$33.10 | x |
| 2016-12-31 | NT$22.05 | NT$33.10 | x |
| 2017-12-31 | NT$21.66 | NT$33.10 | x |
| 2018-12-31 | NT$24.27 | NT$33.10 | x |
| 2019-12-31 | NT$24.18 | NT$33.10 | x |
| 2020-12-31 | NT$29.89 | NT$33.10 | x |
| 2021-12-31 | NT$30.00 | NT$33.10 | x |
| 2022-12-31 | NT$26.80 | NT$33.10 | x |
| 2023-12-31 | NT$28.05 | NT$33.10 | x |
| 2024-12-31 | NT$27.46 | NT$33.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ocean Plastics Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.56%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.94x
- Recent ROE (2.75%) is above the historical average (1.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 7.56% | 5.25% | 0.84x | 1.71x | NT$-64.80 Million |
| 2004 | 13.39% | 8.28% | 1.10x | 1.47x | NT$99.17 Million |
| 2005 | 14.05% | 9.30% | 1.09x | 1.38x | NT$133.63 Million |
| 2006 | -0.79% | -0.45% | 1.23x | 1.44x | NT$-339.50 Million |
| 2007 | -7.92% | -3.91% | 1.28x | 1.58x | NT$-518.08 Million |
| 2008 | -10.23% | -4.69% | 1.29x | 1.69x | NT$-521.81 Million |
| 2009 | 2.97% | 1.44% | 1.21x | 1.70x | NT$-188.23 Million |
| 2010 | -5.21% | -2.20% | 1.34x | 1.77x | NT$-394.02 Million |
| 2011 | -3.18% | -2.93% | 0.65x | 1.67x | NT$-694.61 Million |
| 2012 | -2.49% | -2.32% | 0.63x | 1.71x | NT$-638.07 Million |
| 2013 | 0.26% | 0.22% | 0.65x | 1.77x | NT$-495.82 Million |
| 2014 | -2.93% | -2.70% | 0.55x | 1.96x | NT$-640.68 Million |
| 2015 | 0.75% | 0.81% | 0.44x | 2.12x | NT$-459.10 Million |
| 2016 | -0.30% | -0.34% | 0.40x | 2.24x | NT$-501.22 Million |
| 2017 | -1.70% | -1.82% | 0.41x | 2.28x | NT$-559.48 Million |
| 2018 | -1.34% | -1.50% | 0.41x | 2.18x | NT$-606.50 Million |
| 2019 | 2.20% | 2.51% | 0.40x | 2.17x | NT$-415.66 Million |
| 2020 | 10.83% | 14.36% | 0.41x | 1.84x | NT$54.74 Million |
| 2021 | 4.82% | 4.92% | 0.50x | 1.96x | NT$-343.29 Million |
| 2022 | -0.72% | -0.66% | 0.55x | 1.99x | NT$-634.04 Million |
| 2023 | 3.12% | 3.93% | 0.41x | 1.93x | NT$-426.27 Million |
| 2024 | 2.75% | 3.56% | 0.40x | 1.94x | NT$-439.37 Million |
Industry Comparison
This section compares Ocean Plastics Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $49,602,066,556
- Average return on equity (ROE) among peers: 11.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ocean Plastics Co Ltd (1321) | NT$5.81 Billion | 7.56% | 0.97x | $168.69 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 |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 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 |