Tung Ho Textile Co Ltd (1414) - Net Assets
Based on the latest financial reports, Tung Ho Textile Co Ltd (1414) has net assets worth NT$3.10 Billion TWD (≈ $97.78 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.15 Billion ≈ $130.69 Million USD) and total liabilities (NT$1.04 Billion ≈ $32.91 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 tangible equity quality of Tung Ho Textile Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.10 Billion |
| % of Total Assets | 74.82% |
| Annual Growth Rate | 2.53% |
| 5-Year Change | 1.35% |
| 10-Year Change | 2.77% |
| Growth Volatility | 15.16 |
Tung Ho Textile Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Tung Ho Textile Co Ltd's net assets have evolved over time, based on quarterly financial data. See 1414 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tung Ho Textile Co Ltd (2002–2024)
The table below shows the annual net assets of Tung Ho Textile Co Ltd from 2002 to 2024. For live valuation and market cap data, see 1414 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.16 Billion ≈ $99.61 Million |
+0.91% |
| 2023-12-31 | NT$3.13 Billion ≈ $98.72 Million |
+0.96% |
| 2022-12-31 | NT$3.10 Billion ≈ $97.77 Million |
-3.43% |
| 2021-12-31 | NT$3.21 Billion ≈ $101.25 Million |
+3.01% |
| 2020-12-31 | NT$3.12 Billion ≈ $98.29 Million |
+0.71% |
| 2019-12-31 | NT$3.10 Billion ≈ $97.60 Million |
+0.71% |
| 2018-12-31 | NT$3.08 Billion ≈ $96.92 Million |
-1.76% |
| 2017-12-31 | NT$3.13 Billion ≈ $98.65 Million |
+2.72% |
| 2016-12-31 | NT$3.05 Billion ≈ $96.04 Million |
-0.92% |
| 2015-12-31 | NT$3.08 Billion ≈ $96.92 Million |
-3.03% |
| 2014-12-31 | NT$3.17 Billion ≈ $99.95 Million |
-2.58% |
| 2013-12-31 | NT$3.26 Billion ≈ $102.59 Million |
+0.84% |
| 2012-12-31 | NT$3.23 Billion ≈ $101.74 Million |
+3.84% |
| 2011-12-31 | NT$3.11 Billion ≈ $97.98 Million |
+61.22% |
| 2010-12-31 | NT$1.93 Billion ≈ $60.77 Million |
+25.22% |
| 2009-12-31 | NT$1.54 Billion ≈ $48.53 Million |
-0.13% |
| 2008-12-31 | NT$1.54 Billion ≈ $48.60 Million |
-14.44% |
| 2007-12-31 | NT$1.80 Billion ≈ $56.80 Million |
+17.53% |
| 2006-12-31 | NT$1.53 Billion ≈ $48.33 Million |
-8.57% |
| 2004-12-31 | NT$1.68 Billion ≈ $52.86 Million |
-7.01% |
| 2003-12-31 | NT$1.80 Billion ≈ $56.84 Million |
-1.05% |
| 2002-12-31 | NT$1.82 Billion ≈ $57.44 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tung Ho Textile 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 18369400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$183.69 Million | 5.81% |
| Common Stock | NT$2.20 Billion | 69.58% |
| Other Comprehensive Income | NT$777.99 Million | 24.61% |
| Other Components | NT$1.00 | 0.00% |
| Total Equity | NT$3.16 Billion | 100.00% |
Tung Ho Textile Co Ltd Competitors by Market Cap
The table below lists competitors of Tung Ho Textile Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hana Pharm Co Ltd
KO:293480
|
$108.56 Million |
|
ADDvise Group B
ST:ADDV-B
|
$108.58 Million |
|
Sastasundar Ventures Limited
NSE:SASTASUNDR
|
$108.59 Million |
|
Oxford Square Capital Corp
NASDAQ:OXSQ
|
$108.62 Million |
|
Suria Capital Holdings Bhd
KLSE:6521
|
$108.53 Million |
|
Smith Douglas Homes Corp.
NYSE:SDHC
|
$108.51 Million |
|
T.A.C. Consumer Public Company Limited
BK:TACC
|
$108.47 Million |
|
Eagle Cold Storage Enterprise Co Ltd
TWO:8905
|
$108.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tung Ho Textile Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,133,265,000 to 3,161,687,000, a change of 28,422,000 (0.9%).
- Net income of 56,666,000 contributed positively to equity growth.
- Dividend payments of 55,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 14,334,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$56.67 Million | +1.79% |
| Dividends Paid | NT$55.00 Million | -1.74% |
| Other Comprehensive Income | NT$14.33 Million | +0.45% |
| Other Changes | NT$12.42 Million | +0.39% |
| Total Change | NT$- | 0.91% |
Book Value vs Market Value Analysis
This analysis compares Tung Ho Textile 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 2.49x 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 |
|---|---|---|---|
| 2009-12-31 | NT$7.00 | NT$17.40 | x |
| 2010-12-31 | NT$8.77 | NT$17.40 | x |
| 2011-12-31 | NT$14.13 | NT$17.40 | x |
| 2012-12-31 | NT$14.67 | NT$17.40 | x |
| 2013-12-31 | NT$14.78 | NT$17.40 | x |
| 2014-12-31 | NT$14.39 | NT$17.40 | x |
| 2015-12-31 | NT$13.97 | NT$17.40 | x |
| 2016-12-31 | NT$13.86 | NT$17.40 | x |
| 2017-12-31 | NT$14.21 | NT$17.40 | x |
| 2018-12-31 | NT$13.97 | NT$17.40 | x |
| 2019-12-31 | NT$14.07 | NT$17.40 | x |
| 2020-12-31 | NT$14.17 | NT$17.40 | x |
| 2021-12-31 | NT$14.59 | NT$17.40 | x |
| 2022-12-31 | NT$14.07 | NT$17.40 | x |
| 2023-12-31 | NT$14.23 | NT$17.40 | x |
| 2024-12-31 | NT$14.37 | NT$17.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tung Ho Textile Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.82%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.38x
- Recent ROE (1.79%) is below the historical average (4.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 1.43% | 0.61% | 0.85x | 2.79x | NT$-154.42 Million |
| 2009 | -19.15% | -23.38% | 0.26x | 3.15x | NT$-449.05 Million |
| 2010 | 23.59% | 33.30% | 0.30x | 2.33x | NT$262.10 Million |
| 2011 | 38.03% | 91.17% | 0.31x | 1.34x | NT$871.58 Million |
| 2012 | 2.83% | 6.43% | 0.32x | 1.37x | NT$-231.52 Million |
| 2013 | 4.18% | 10.17% | 0.30x | 1.35x | NT$-189.37 Million |
| 2014 | 1.45% | 3.49% | 0.27x | 1.53x | NT$-271.37 Million |
| 2015 | 0.23% | 0.66% | 0.23x | 1.55x | NT$-300.42 Million |
| 2016 | -0.10% | -0.32% | 0.21x | 1.54x | NT$-307.99 Million |
| 2017 | 2.86% | 11.30% | 0.18x | 1.44x | NT$-223.49 Million |
| 2018 | 1.25% | 3.95% | 0.22x | 1.46x | NT$-269.13 Million |
| 2019 | 1.18% | 4.60% | 0.17x | 1.48x | NT$-273.38 Million |
| 2020 | 1.88% | 8.34% | 0.16x | 1.42x | NT$-253.38 Million |
| 2021 | 4.43% | 17.60% | 0.18x | 1.43x | NT$-178.87 Million |
| 2022 | 3.36% | 15.15% | 0.15x | 1.44x | NT$-205.98 Million |
| 2023 | 1.05% | 5.80% | 0.13x | 1.43x | NT$-280.48 Million |
| 2024 | 1.79% | 10.82% | 0.12x | 1.38x | NT$-259.50 Million |
Industry Comparison
This section compares Tung Ho Textile Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $20,024,196,333
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tung Ho Textile Co Ltd (1414) | NT$3.10 Billion | 1.43% | 0.34x | $108.54 Million |
| San Fang Chemical Industry Co Ltd (1307) | $5.19 Billion | 18.88% | 0.73x | $452.46 Million |
| Universal Inc (1325) | $1.16 Billion | 2.60% | 0.51x | $70.39 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.21 Billion | 24.85% | 1.03x | $103.57 Million |
| Cathay Consolidated Inc (1342) | $632.24 Million | 19.85% | 0.91x | $286.29 Million |
| Far Eastern New Century Corp (1402) | $121.68 Billion | 6.89% | 1.02x | $4.86 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $46.32 Billion | 8.40% | 3.23x | $1.42 Billion |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.34 Billion | 7.15% | 0.22x | $48.35 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $1.50 Billion | -21.38% | 0.97x | $39.13 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $1.20 Billion | -3.01% | 1.03x | $31.66 Million |
About Tung Ho Textile Co Ltd
Tung Ho Textile Co., Ltd. engages in processing and spinning of natural fibers and polyester cotton in Taiwan. The company offers natural fibers, polyester, lyocell, viscose, acrylic/acrylate, and other fibers. It is also involved in building, leasing, and selling of national housing; and trades in man-made fibers. The company was founded in 1948 and is headquartered in Tainan City, Taiwan.