Carnival Industrial Corp (1417) - Net Assets
Based on the latest financial reports, Carnival Industrial Corp (1417) has net assets worth NT$2.35 Billion TWD (≈ $74.17 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$2.84 Billion ≈ $89.36 Million USD) and total liabilities (NT$482.05 Million ≈ $15.19 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 1417 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.35 Billion |
| % of Total Assets | 83.0% |
| Annual Growth Rate | -3.19% |
| 5-Year Change | -9.44% |
| 10-Year Change | -45.35% |
| Growth Volatility | 8.53 |
Carnival Industrial Corp - Net Assets Trend (2002–2024)
This chart illustrates how Carnival Industrial Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Carnival Industrial Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Carnival Industrial Corp (2002–2024)
The table below shows the annual net assets of Carnival Industrial Corp from 2002 to 2024. For live valuation and market cap data, see market cap of Carnival Industrial Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.32 Billion ≈ $73.00 Million |
-10.51% |
| 2023-12-31 | NT$2.59 Billion ≈ $81.57 Million |
-4.28% |
| 2022-12-31 | NT$2.70 Billion ≈ $85.21 Million |
+0.73% |
| 2021-12-31 | NT$2.69 Billion ≈ $84.60 Million |
+4.95% |
| 2020-12-31 | NT$2.56 Billion ≈ $80.61 Million |
-18.39% |
| 2019-12-31 | NT$3.14 Billion ≈ $98.78 Million |
-7.24% |
| 2018-12-31 | NT$3.38 Billion ≈ $106.49 Million |
-4.01% |
| 2017-12-31 | NT$3.52 Billion ≈ $110.94 Million |
-9.20% |
| 2016-12-31 | NT$3.88 Billion ≈ $122.18 Million |
-8.53% |
| 2015-12-31 | NT$4.24 Billion ≈ $133.57 Million |
-12.20% |
| 2014-12-31 | NT$4.83 Billion ≈ $152.12 Million |
+10.25% |
| 2013-12-31 | NT$4.38 Billion ≈ $137.98 Million |
-2.84% |
| 2012-12-31 | NT$4.51 Billion ≈ $142.01 Million |
+1.40% |
| 2011-12-31 | NT$4.45 Billion ≈ $140.05 Million |
+4.80% |
| 2010-12-31 | NT$4.24 Billion ≈ $133.65 Million |
+2.21% |
| 2009-12-31 | NT$4.15 Billion ≈ $130.75 Million |
+11.31% |
| 2008-12-31 | NT$3.73 Billion ≈ $117.46 Million |
-11.50% |
| 2007-12-31 | NT$4.21 Billion ≈ $132.73 Million |
+1.47% |
| 2006-12-31 | NT$4.15 Billion ≈ $130.81 Million |
+14.68% |
| 2005-12-31 | NT$3.62 Billion ≈ $114.06 Million |
-13.20% |
| 2004-12-31 | NT$4.17 Billion ≈ $131.40 Million |
-10.54% |
| 2003-12-31 | NT$4.66 Billion ≈ $146.88 Million |
-1.49% |
| 2002-12-31 | NT$4.73 Billion ≈ $149.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Carnival Industrial Corp'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 218.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.90 Billion | 81.98% |
| Other Comprehensive Income | NT$435.53 Million | 18.80% |
| Other Components | NT$1.00 | 0.00% |
| Total Equity | NT$2.32 Billion | 100.00% |
Carnival Industrial Corp Competitors by Market Cap
The table below lists competitors of Carnival Industrial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dae Hyun
KO:016090
|
$52.97 Million |
|
Busan Ind
KO:011390
|
$53.03 Million |
|
GSE Co. Ltd
KQ:053050
|
$53.04 Million |
|
Optivision Technology
TWO:3666
|
$53.05 Million |
|
Nuenergy Gas Ltd
AU:NGY
|
$52.95 Million |
|
Kelly Services B Inc
NASDAQ:KELYB
|
$52.94 Million |
|
Rama Phosphates Limited
NSE:RAMAPHO
|
$52.92 Million |
|
DIC India Limited
NSE:DICIND
|
$52.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carnival Industrial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,588,977,000 to 2,317,004,000, a change of -271,973,000 (-10.5%).
- Net loss of 154,494,000 reduced equity.
- Dividend payments of 37,827,000 reduced retained earnings.
- Other comprehensive income increased equity by 115,203,999.
- Other factors decreased equity by 194,855,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-154.49 Million | -6.67% |
| Dividends Paid | NT$37.83 Million | -1.63% |
| Other Comprehensive Income | NT$115.20 Million | +4.97% |
| Other Changes | NT$-194.86 Million | -8.41% |
| Total Change | NT$- | -10.51% |
Book Value vs Market Value Analysis
This analysis compares Carnival Industrial Corp'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: 0.73x
- 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 increased from 0.58x to 0.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$15.32 | NT$8.85 | x |
| 2010-12-31 | NT$22.33 | NT$8.85 | x |
| 2011-12-31 | NT$23.40 | NT$8.85 | x |
| 2012-12-31 | NT$16.64 | NT$8.85 | x |
| 2013-12-31 | NT$16.17 | NT$8.85 | x |
| 2014-12-31 | NT$25.42 | NT$8.85 | x |
| 2015-12-31 | NT$15.65 | NT$8.85 | x |
| 2016-12-31 | NT$14.32 | NT$8.85 | x |
| 2017-12-31 | NT$13.00 | NT$8.85 | x |
| 2018-12-31 | NT$17.80 | NT$8.85 | x |
| 2019-12-31 | NT$16.60 | NT$8.85 | x |
| 2020-12-31 | NT$13.47 | NT$8.85 | x |
| 2021-12-31 | NT$14.13 | NT$8.85 | x |
| 2022-12-31 | NT$14.23 | NT$8.85 | x |
| 2023-12-31 | NT$13.63 | NT$8.85 | x |
| 2024-12-31 | NT$12.20 | NT$8.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carnival Industrial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.61%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.25x
- Recent ROE (-6.67%) is below the historical average (-1.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.32% | 0.89% | 0.25x | 1.43x | NT$-458.15 Million |
| 2003 | 0.03% | 0.07% | 0.27x | 1.45x | NT$-464.85 Million |
| 2007 | 1.16% | 2.95% | 0.31x | 1.26x | NT$-370.67 Million |
| 2008 | 1.34% | 2.91% | 0.36x | 1.30x | NT$-322.70 Million |
| 2009 | 2.42% | 5.48% | 0.34x | 1.31x | NT$-314.59 Million |
| 2010 | 3.56% | 6.84% | 0.40x | 1.29x | NT$-273.23 Million |
| 2011 | 5.74% | 10.15% | 0.44x | 1.30x | NT$-189.24 Million |
| 2012 | 3.76% | 5.24% | 0.53x | 1.34x | NT$-281.26 Million |
| 2013 | 0.38% | 0.50% | 0.55x | 1.37x | NT$-421.32 Million |
| 2014 | 0.60% | 0.89% | 0.50x | 1.35x | NT$-453.75 Million |
| 2015 | -9.07% | -10.83% | 0.61x | 1.37x | NT$-808.56 Million |
| 2016 | -4.41% | -5.76% | 0.57x | 1.34x | NT$-558.76 Million |
| 2017 | -13.03% | -22.58% | 0.45x | 1.29x | NT$-811.05 Million |
| 2018 | -6.91% | -15.57% | 0.36x | 1.24x | NT$-571.57 Million |
| 2019 | 10.12% | 22.58% | 0.32x | 1.40x | NT$3.82 Million |
| 2020 | -10.41% | -25.72% | 0.33x | 1.23x | NT$-522.29 Million |
| 2021 | 3.64% | 7.39% | 0.33x | 1.48x | NT$-170.80 Million |
| 2022 | -1.79% | -3.21% | 0.34x | 1.66x | NT$-318.94 Million |
| 2023 | -2.68% | -4.64% | 0.42x | 1.38x | NT$-328.37 Million |
| 2024 | -6.67% | -25.61% | 0.21x | 1.25x | NT$-386.19 Million |
Industry Comparison
This section compares Carnival Industrial Corp's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $2,436,741,000
- Average return on equity (ROE) among peers: 6.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carnival Industrial Corp (1417) | NT$2.35 Billion | 0.32% | 0.20x | $52.96 Million |
| Les Enphants Co Ltd (2911) | $2.44 Billion | 6.47% | 0.84x | $16.89 Million |
About Carnival Industrial Corp
Carnival Industrial Corporation manufactures and sells garments and apparels in Taiwan and internationally. The company's products include suits and career wear for men; womenswear; and dining or homeware products. It is also involved in curtain fabric and textile machinery business. The company was formerly known as Carnival Textile Industrial Corp. and changed its name to Carnival Industrial Co… Read more