Asia Plastic Recycling Holding Ltd
Asia Plastic Recycling Holding Limited engages in the research and development, manufacture, and sale of ethylene-vinyl acetate copolymer (EVA) and PE waste plastic scraps for recycling and reuse in EVA foam materials in China. Its EVA foam materials are used in the fields of shoe materials, linings of bags, sporting goods, toys, automobile linings, home decoration and building materials, etc. Th… Read more
Asia Plastic Recycling Holding Ltd (1337) - Net Assets
Latest net assets as of September 2025: NT$3.62 Billion TWD
Based on the latest financial reports, Asia Plastic Recycling Holding Ltd (1337) has net assets worth NT$3.62 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$6.06 Billion) and total liabilities (NT$2.44 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$3.62 Billion |
| % of Total Assets | 59.7% |
| Annual Growth Rate | 106.17% |
| 5-Year Change | -28.63% |
| 10-Year Change | -59.87% |
| Growth Volatility | 818903.35 |
Asia Plastic Recycling Holding Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Asia Plastic Recycling Holding 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 Asia Plastic Recycling Holding Ltd (2009–2024)
The table below shows the annual net assets of Asia Plastic Recycling Holding Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.14 Billion | -5.98% |
| 2023-12-31 | NT$4.40 Billion | -10.10% |
| 2022-12-31 | NT$4.89 Billion | -7.67% |
| 2021-12-31 | NT$5.30 Billion | -8.54% |
| 2020-12-31 | NT$5.79 Billion | -17.17% |
| 2019-12-31 | NT$7.00 Billion | -11.02% |
| 2018-12-31 | NT$7.86 Billion | -20.85% |
| 2017-12-31 | NT$9.93 Billion | +0.90% |
| 2016-12-31 | NT$9.85 Billion | -4.47% |
| 2015-12-31 | NT$10.31 Billion | +1.97% |
| 2014-12-31 | NT$10.11 Billion | +14.36% |
| 2013-12-31 | NT$8.84 Billion | +14.12% |
| 2012-12-31 | NT$7.74 Billion | +39.77% |
| 2011-12-31 | NT$5.54 Billion | +110.96% |
| 2010-12-31 | NT$2.63 Billion | +3282923.75% |
| 2009-12-31 | NT$80.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Plastic Recycling Holding 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 decreased by 2298370.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$2.69 Billion | 65.03% |
| Other Components | NT$2.14 Billion | 51.64% |
| Total Equity | NT$4.14 Billion | 100.00% |
Asia Plastic Recycling Holding Ltd Competitors by Market Cap
The table below lists competitors of Asia Plastic Recycling Holding Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hitejinro Holdings
KO:000140
|
$41.94 Million |
|
Datavan International
TWO:3521
|
$41.98 Million |
|
Vanfund Urban Investment & Development Co Ltd
SHE:000638
|
$41.98 Million |
|
Orbis AG
XETRA:OBS
|
$42.00 Million |
|
Tecnotree Oyj
HE:TEM1V
|
$41.91 Million |
|
Ddev Plastiks Industries Limited
NSE:DDEVPLSTIK
|
$41.91 Million |
|
Indonesia Energy
NYSE MKT:INDO
|
$41.90 Million |
|
Shinhsiung Natural Gas
TWO:8908
|
$41.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Plastic Recycling Holding Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,399,058,000 to 4,135,880,000, a change of -263,178,000 (-6.0%).
- Net loss of 414,488,000 reduced equity.
- Other comprehensive income decreased equity by 209,497,999.
- Other factors increased equity by 360,807,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-414.49 Million | -10.02% |
| Other Comprehensive Income | NT$-209.50 Million | -5.07% |
| Other Changes | NT$360.81 Million | +8.72% |
| Total Change | NT$- | -5.98% |
Book Value vs Market Value Analysis
This analysis compares Asia Plastic Recycling Holding 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: 0.39x
- 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 16831.42x to 0.39x 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$0.00 | NT$6.07 | x |
| 2010-12-31 | NT$12.25 | NT$6.07 | x |
| 2011-12-31 | NT$24.29 | NT$6.07 | x |
| 2012-12-31 | NT$30.74 | NT$6.07 | x |
| 2013-12-31 | NT$33.05 | NT$6.07 | x |
| 2014-12-31 | NT$36.55 | NT$6.07 | x |
| 2015-12-31 | NT$37.49 | NT$6.07 | x |
| 2016-12-31 | NT$36.68 | NT$6.07 | x |
| 2017-12-31 | NT$36.94 | NT$6.07 | x |
| 2018-12-31 | NT$29.25 | NT$6.07 | x |
| 2019-12-31 | NT$26.01 | NT$6.07 | x |
| 2020-12-31 | NT$21.55 | NT$6.07 | x |
| 2021-12-31 | NT$19.71 | NT$6.07 | x |
| 2022-12-31 | NT$18.19 | NT$6.07 | x |
| 2023-12-31 | NT$16.36 | NT$6.07 | x |
| 2024-12-31 | NT$15.38 | NT$6.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Plastic Recycling Holding 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): -10.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50.71%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.52x
- Recent ROE (-10.02%) is below the historical average (1.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 37.56% | 23.73% | 1.27x | 1.24x | NT$723.94 Million |
| 2011 | 21.69% | 23.33% | 0.78x | 1.19x | NT$647.59 Million |
| 2012 | 19.38% | 24.94% | 0.57x | 1.36x | NT$726.52 Million |
| 2013 | 14.56% | 17.93% | 0.58x | 1.41x | NT$403.40 Million |
| 2014 | 11.21% | 21.06% | 0.46x | 1.15x | NT$122.42 Million |
| 2015 | 3.79% | 7.83% | 0.44x | 1.10x | NT$-640.15 Million |
| 2016 | 4.13% | 7.03% | 0.52x | 1.13x | NT$-578.15 Million |
| 2017 | 1.84% | 3.97% | 0.42x | 1.09x | NT$-811.10 Million |
| 2018 | -24.02% | -128.92% | 0.17x | 1.07x | NT$-2.67 Billion |
| 2019 | -9.39% | -52.18% | 0.17x | 1.08x | NT$-1.36 Billion |
| 2020 | -22.96% | -132.00% | 0.15x | 1.13x | NT$-1.91 Billion |
| 2021 | -8.98% | -43.01% | 0.20x | 1.04x | NT$-1.01 Billion |
| 2022 | -10.84% | -82.44% | 0.13x | 1.04x | NT$-1.02 Billion |
| 2023 | -9.35% | -53.30% | 0.17x | 1.04x | NT$-851.40 Million |
| 2024 | -10.02% | -50.71% | 0.13x | 1.52x | NT$-828.08 Million |
Industry Comparison
This section compares Asia Plastic Recycling Holding Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $59,719,858,222
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Plastic Recycling Holding Ltd (1337) | NT$3.62 Billion | 37.56% | 0.67x | $41.93 Million |
| Formosa Plastics Corp (1301) | $150.46 Billion | 22.06% | 0.63x | $5.93 Billion |
| Nan Ya Plastics Corp (1303) | $263.60 Billion | 18.02% | 0.64x | $13.47 Billion |
| USI Corp (1304) | $19.91 Billion | 0.37% | 1.14x | $220.01 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $14.22 Billion | 10.18% | 0.15x | $155.31 Million |
| Taita Chemical Co Ltd (1309) | $3.38 Billion | 2.00% | 1.73x | $112.55 Million |
| China Petrochemical Development Corp (1314) | $67.19 Billion | 2.59% | 0.44x | $904.74 Million |
| Ocean Plastics Co Ltd (1321) | $5.11 Billion | -2.49% | 0.71x | $169.45 Million |
| Everlight Chemical Industrial Corp (1711) | $8.66 Billion | 0.99% | 0.49x | $317.86 Million |