Hiroca Holdings Ltd
Hiroca Holdings Ltd., through its subsidiaries, produces and sells various automotive accessories, electronic plastic parts, plastic hollow box packaging products, and molds in China and internationally. It offers injection molding, surface coating, and cubic painting for automotive interiors; and in-mold decoration and out-mold decoration, leather covering, and knob assembly and decoration produ… Read more
Hiroca Holdings Ltd (1338) - Net Assets
Latest net assets as of September 2025: NT$5.90 Billion TWD
Based on the latest financial reports, Hiroca Holdings Ltd (1338) has net assets worth NT$5.90 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$10.18 Billion) and total liabilities (NT$4.27 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$5.90 Billion |
| % of Total Assets | 58.02% |
| Annual Growth Rate | 7.77% |
| 5-Year Change | -3.3% |
| 10-Year Change | -4.29% |
| Growth Volatility | 12.2 |
Hiroca Holdings Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Hiroca Holdings 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 Hiroca Holdings Ltd (2009–2024)
The table below shows the annual net assets of Hiroca Holdings Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.35 Billion | -1.27% |
| 2023-12-31 | NT$6.43 Billion | -4.61% |
| 2022-12-31 | NT$6.74 Billion | +2.16% |
| 2021-12-31 | NT$6.60 Billion | +0.52% |
| 2020-12-31 | NT$6.57 Billion | -1.39% |
| 2019-12-31 | NT$6.66 Billion | -1.85% |
| 2018-12-31 | NT$6.78 Billion | -0.54% |
| 2017-12-31 | NT$6.82 Billion | +5.12% |
| 2016-12-31 | NT$6.49 Billion | -2.19% |
| 2015-12-31 | NT$6.63 Billion | +8.75% |
| 2014-12-31 | NT$6.10 Billion | +26.17% |
| 2013-12-31 | NT$4.83 Billion | +14.14% |
| 2012-12-31 | NT$4.24 Billion | +21.14% |
| 2011-12-31 | NT$3.50 Billion | +32.47% |
| 2010-12-31 | NT$2.64 Billion | +27.75% |
| 2009-12-31 | NT$2.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hiroca Holdings 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 11099.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.70 Billion | 28.24% |
| Common Stock | NT$838.40 Million | 13.93% |
| Other Comprehensive Income | NT$743.35 Million | 12.35% |
| Other Components | NT$2.74 Billion | 45.48% |
| Total Equity | NT$6.02 Billion | 100.00% |
Hiroca Holdings Ltd Competitors by Market Cap
The table below lists competitors of Hiroca Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LabGenomics Co. Ltd
KQ:084650
|
$25.72 Million |
|
Beijing JIAYU Door Window Curtain
SHE:300117
|
$25.72 Million |
|
HNO International Inc
PINK:HNOI
|
$25.72 Million |
|
Grand River Commerce Inc
OTCQX:GNRV
|
$25.72 Million |
|
New Delhi Television Limited
NSE:NDTV
|
$25.69 Million |
|
Telomir Pharmaceuticals, Inc. Common Stock
NASDAQ:TELO
|
$25.69 Million |
|
TJ media Co. Ltd
KQ:032540
|
$25.68 Million |
|
Big Sunshine Co Ltd
TW:1475
|
$25.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hiroca Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,103,805,000 to 6,019,248,000, a change of -84,557,000 (-1.4%).
- Net loss of 95,049,000 reduced equity.
- Dividend payments of 41,920,000 reduced retained earnings.
- Share repurchases of 49,515,000 reduced equity.
- Other comprehensive income increased equity by 117,893,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-95.05 Million | -1.58% |
| Dividends Paid | NT$41.92 Million | -0.7% |
| Share Repurchases | NT$49.52 Million | -0.82% |
| Other Comprehensive Income | NT$117.89 Million | +1.96% |
| Other Changes | NT$-15.97 Million | -0.27% |
| Total Change | NT$- | -1.39% |
Book Value vs Market Value Analysis
This analysis compares Hiroca Holdings 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: 0.21x
- 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 0.52x to 0.21x 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$29.28 | NT$15.15 | x |
| 2010-12-31 | NT$37.58 | NT$15.15 | x |
| 2011-12-31 | NT$49.08 | NT$15.15 | x |
| 2012-12-31 | NT$59.58 | NT$15.15 | x |
| 2013-12-31 | NT$61.44 | NT$15.15 | x |
| 2014-12-31 | NT$74.46 | NT$15.15 | x |
| 2015-12-31 | NT$76.95 | NT$15.15 | x |
| 2016-12-31 | NT$74.27 | NT$15.15 | x |
| 2017-12-31 | NT$77.49 | NT$15.15 | x |
| 2018-12-31 | NT$77.58 | NT$15.15 | x |
| 2019-12-31 | NT$75.92 | NT$15.15 | x |
| 2020-12-31 | NT$75.08 | NT$15.15 | x |
| 2021-12-31 | NT$68.79 | NT$15.15 | x |
| 2022-12-31 | NT$69.62 | NT$15.15 | x |
| 2023-12-31 | NT$72.80 | NT$15.15 | x |
| 2024-12-31 | NT$72.14 | NT$15.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiroca Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.87%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.77x
- Recent ROE (-1.58%) is below the historical average (7.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.74% | 9.02% | 0.05x | 1.52x | NT$-188.68 Million |
| 2010 | 19.45% | 15.11% | 0.91x | 1.41x | NT$247.23 Million |
| 2011 | 16.67% | 12.39% | 0.89x | 1.52x | NT$231.51 Million |
| 2012 | 7.47% | 6.10% | 0.80x | 1.53x | NT$-106.66 Million |
| 2013 | 9.54% | 6.27% | 0.87x | 1.75x | NT$-22.33 Million |
| 2014 | 10.42% | 7.53% | 0.98x | 1.42x | NT$25.65 Million |
| 2015 | 11.72% | 9.17% | 0.88x | 1.44x | NT$111.13 Million |
| 2016 | 10.98% | 9.01% | 0.81x | 1.50x | NT$60.93 Million |
| 2017 | 11.91% | 9.73% | 0.81x | 1.52x | NT$124.23 Million |
| 2018 | 8.37% | 6.77% | 0.81x | 1.53x | NT$-106.45 Million |
| 2019 | 6.28% | 5.39% | 0.74x | 1.58x | NT$-237.64 Million |
| 2020 | 4.67% | 4.78% | 0.60x | 1.64x | NT$-336.67 Million |
| 2021 | 5.34% | 4.64% | 0.62x | 1.84x | NT$-295.76 Million |
| 2022 | 2.11% | 1.86% | 0.66x | 1.72x | NT$-508.85 Million |
| 2023 | -2.69% | -2.85% | 0.51x | 1.85x | NT$-774.70 Million |
| 2024 | -1.58% | -1.87% | 0.48x | 1.77x | NT$-696.97 Million |
Industry Comparison
This section compares Hiroca Holdings Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $3,765,264,667
- Average return on equity (ROE) among peers: -18.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiroca Holdings Ltd (1338) | NT$5.90 Billion | 0.74% | 0.72x | $25.70 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 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 |