Victory New Materials Ltd Co (1340) - Net Assets
Based on the latest financial reports, Victory New Materials Ltd Co (1340) has net assets worth NT$2.61 Billion TWD (≈ $82.14 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.94 Billion ≈ $92.66 Million USD) and total liabilities (NT$333.96 Million ≈ $10.52 Million USD). 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. Check Victory New Materials Ltd Co liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.61 Billion |
| % of Total Assets | 88.65% |
| Annual Growth Rate | 8.43% |
| 5-Year Change | -47.74% |
| 10-Year Change | -56.19% |
| Growth Volatility | 31.42 |
Victory New Materials Ltd Co - Net Assets Trend (2010–2025)
This chart illustrates how Victory New Materials Ltd Co's net assets have evolved over time, based on quarterly financial data. Also explore 1340 asset base for the complete picture of this company's asset base.
Annual Net Assets for Victory New Materials Ltd Co (2010–2025)
The table below shows the annual net assets of Victory New Materials Ltd Co from 2010 to 2025. For live valuation and market cap data, see Victory New Materials Ltd Co market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.61 Billion ≈ $82.14 Million |
-13.23% |
| 2024-12-31 | NT$3.00 Billion ≈ $94.67 Million |
-19.31% |
| 2023-12-31 | NT$3.72 Billion ≈ $117.32 Million |
-19.90% |
| 2022-12-31 | NT$4.65 Billion ≈ $146.45 Million |
-6.83% |
| 2021-12-31 | NT$4.99 Billion ≈ $157.19 Million |
-7.98% |
| 2020-12-31 | NT$5.42 Billion ≈ $170.82 Million |
-7.43% |
| 2019-12-31 | NT$5.86 Billion ≈ $184.52 Million |
-10.58% |
| 2018-12-31 | NT$6.55 Billion ≈ $206.36 Million |
-0.58% |
| 2017-12-31 | NT$6.59 Billion ≈ $207.57 Million |
+10.70% |
| 2016-12-31 | NT$5.95 Billion ≈ $187.51 Million |
+5.39% |
| 2015-12-31 | NT$5.65 Billion ≈ $177.93 Million |
+11.50% |
| 2014-12-31 | NT$5.06 Billion ≈ $159.57 Million |
+58.06% |
| 2013-12-31 | NT$3.20 Billion ≈ $100.95 Million |
+76.98% |
| 2012-12-31 | NT$1.81 Billion ≈ $57.04 Million |
+38.02% |
| 2011-12-31 | NT$1.31 Billion ≈ $41.33 Million |
+69.49% |
| 2010-12-31 | NT$773.95 Million ≈ $24.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Victory New Materials Ltd Co'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 2956.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.53 Billion | 58.65% |
| Other Components | NT$2.98 Billion | 114.17% |
| Total Equity | NT$2.61 Billion | 100.00% |
Victory New Materials Ltd Co Competitors by Market Cap
The table below lists competitors of Victory New Materials Ltd Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Youil Energy Technology Co. Ltd.
KQ:340930
|
$27.80 Million |
|
Ravinder Heights Limited
NSE:RVHL
|
$27.82 Million |
|
Hartshead Resources NL
AU:HHR
|
$27.82 Million |
|
Farmer Bros. Co
NASDAQ:FARM
|
$27.87 Million |
|
US Global Investors Inc
NASDAQ:GROW
|
$27.78 Million |
|
Tekom Technologies
TWO:6294
|
$27.78 Million |
|
Shanyuan Co Ltd
TWO:4416
|
$27.78 Million |
|
Mustang Industrial
TWO:5460
|
$27.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Victory New Materials Ltd Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,004,792,000 to 2,607,225,000, a change of -397,567,000 (-13.2%).
- Net loss of 398,410,000 reduced equity.
- Other comprehensive income decreased equity by 524,222,000.
- Other factors increased equity by 525,065,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-398.41 Million | -15.28% |
| Other Comprehensive Income | NT$-524.22 Million | -20.11% |
| Other Changes | NT$525.07 Million | +20.14% |
| Total Change | NT$- | -13.23% |
Book Value vs Market Value Analysis
This analysis compares Victory New Materials Ltd Co'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: 0.34x
- 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 0.80x to 0.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$7.21 | NT$5.77 | x |
| 2011-12-31 | NT$11.49 | NT$5.77 | x |
| 2012-12-31 | NT$15.80 | NT$5.77 | x |
| 2013-12-31 | NT$24.11 | NT$5.77 | x |
| 2014-12-31 | NT$33.14 | NT$5.77 | x |
| 2015-12-31 | NT$36.89 | NT$5.77 | x |
| 2016-12-31 | NT$38.92 | NT$5.77 | x |
| 2017-12-31 | NT$43.08 | NT$5.77 | x |
| 2018-12-31 | NT$42.83 | NT$5.77 | x |
| 2019-12-31 | NT$38.30 | NT$5.77 | x |
| 2020-12-31 | NT$35.46 | NT$5.77 | x |
| 2021-12-31 | NT$32.63 | NT$5.77 | x |
| 2022-12-31 | NT$30.40 | NT$5.77 | x |
| 2023-12-31 | NT$24.35 | NT$5.77 | x |
| 2024-12-31 | NT$19.65 | NT$5.77 | x |
| 2025-12-31 | NT$17.08 | NT$5.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Victory New Materials Ltd Co 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): -15.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -939.78%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.13x
- Recent ROE (-15.28%) is below the historical average (5.86%), 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 | 44.51% | 27.09% | 1.05x | 1.56x | NT$264.27 Million |
| 2011 | 34.33% | 24.03% | 1.01x | 1.42x | NT$315.83 Million |
| 2012 | 29.29% | 24.86% | 0.99x | 1.19x | NT$345.63 Million |
| 2013 | 21.89% | 26.23% | 0.70x | 1.19x | NT$380.94 Million |
| 2014 | 18.45% | 30.19% | 0.54x | 1.13x | NT$427.77 Million |
| 2015 | 15.28% | 26.98% | 0.50x | 1.13x | NT$298.06 Million |
| 2016 | 14.82% | 26.71% | 0.51x | 1.08x | NT$286.93 Million |
| 2017 | 12.68% | 24.52% | 0.49x | 1.06x | NT$176.33 Million |
| 2018 | 2.06% | 6.50% | 0.31x | 1.04x | NT$-520.29 Million |
| 2019 | -7.48% | -37.88% | 0.19x | 1.05x | NT$-1.02 Billion |
| 2020 | -7.19% | -59.38% | 0.12x | 1.03x | NT$-931.94 Million |
| 2021 | -10.27% | -78.77% | 0.13x | 1.03x | NT$-1.01 Billion |
| 2022 | -9.25% | -86.11% | 0.10x | 1.03x | NT$-894.73 Million |
| 2023 | -23.14% | -153.31% | 0.14x | 1.10x | NT$-1.23 Billion |
| 2024 | -26.89% | -214.69% | 0.11x | 1.11x | NT$-1.11 Billion |
| 2025 | -15.28% | -939.78% | 0.01x | 1.13x | NT$-659.13 Million |
Industry Comparison
This section compares Victory New Materials Ltd Co's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $27,336,508,857
- Average return on equity (ROE) among peers: 12.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Victory New Materials Ltd Co (1340) | NT$2.61 Billion | 44.51% | 0.13x | $27.80 Million |
| Hsinli Chemical Industrial (4303) | $2.17 Billion | 37.61% | 0.52x | $160.65 Million |
| Sports Gear Co. Ltd (6768) | $10.96 Billion | 12.86% | 0.45x | $492.35 Million |
| Paiho Shih Holdings Corp (8404) | $4.53 Billion | 8.31% | 0.45x | $222.27 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $24.94 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $9.04 Billion | 13.11% | 0.95x | $490.76 Million |
| Pou Chen Corp (9904) | $152.20 Billion | 7.04% | 1.00x | $2.39 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $10.89 Billion | 9.60% | 0.31x | $2.18 Billion |
About Victory New Materials Ltd Co
Victory New Materials Limited Company manufactures and sells shoe materials in China and internationally. The company offers secondary molding soles, one injection soles, one injection monochrome slippers, injected styrofoam plastic molding soles, one injection dual color soles, one injection dual color finished shoes, RB soles, EVO plastic particles, and toys. Victory New Materials Limited Compa… Read more