Carnival Industrial Corp (1417) - Net Assets
Based on the latest financial reports, Carnival Industrial Corp (1417) has net assets worth NT$2.34 Billion TWD (≈ $73.79 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$2.81 Billion ≈ $88.56 Million USD) and total liabilities (NT$468.63 Million ≈ $14.76 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 Carnival Industrial Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.34 Billion |
| % of Total Assets | 83.33% |
| Annual Growth Rate | -3.01% |
| 5-Year Change | -12.77% |
| 10-Year Change | -39.6% |
| Growth Volatility | 8.38 |
Carnival Industrial Corp - Net Assets Trend (2002–2025)
This chart illustrates how Carnival Industrial Corp's net assets have evolved over time, based on quarterly financial data. See Carnival Industrial Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Carnival Industrial Corp (2002–2025)
The table below shows the annual net assets of Carnival Industrial Corp from 2002 to 2025. For live valuation and market cap data, see market cap of Carnival Industrial Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.34 Billion ≈ $73.79 Million |
+1.09% |
| 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 |
-- |
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 grown by 561.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$99.81 Million | 4.26% |
| Common Stock | NT$1.90 Billion | 81.09% |
| Other Comprehensive Income | NT$343.01 Million | 14.64% |
| Total Equity | NT$2.34 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 |
|---|---|
|
Classic Scenic Bhd
KLSE:7202
|
$51.11 Million |
|
NetSol Technologies Inc
NASDAQ:NTWK
|
$51.12 Million |
|
Taiwan Enterprise(Cayman)Co
TW:5906
|
$51.12 Million |
|
Resource Mining Corporation Ltd
AU:RMI
|
$51.13 Million |
|
Boreo Oyj
HE:BOREO
|
$51.10 Million |
|
Bai Sha Technology Co Ltd
TWO:8401
|
$51.10 Million |
|
Abrdn PLC
LSE:ABDN
|
$51.09 Million |
|
Etherstack Plc
AU:ESK
|
$51.09 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 2024 to 2025, total equity changed from 2,317,004,000 to 2,342,234,000, a change of 25,230,000 (1.1%).
- Net income of 117,245,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 92,520,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$117.25 Million | +5.01% |
| Other Comprehensive Income | NT$-92.52 Million | -3.95% |
| Other Changes | NT$506.00K | +0.02% |
| Total Change | NT$- | 1.09% |
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: 0.69x
- 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 0.56x to 0.69x 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$8.54 | x |
| 2010-12-31 | NT$22.33 | NT$8.54 | x |
| 2011-12-31 | NT$23.40 | NT$8.54 | x |
| 2012-12-31 | NT$16.64 | NT$8.54 | x |
| 2013-12-31 | NT$16.17 | NT$8.54 | x |
| 2014-12-31 | NT$25.42 | NT$8.54 | x |
| 2015-12-31 | NT$15.65 | NT$8.54 | x |
| 2016-12-31 | NT$14.32 | NT$8.54 | x |
| 2017-12-31 | NT$13.00 | NT$8.54 | x |
| 2018-12-31 | NT$17.80 | NT$8.54 | x |
| 2019-12-31 | NT$16.60 | NT$8.54 | x |
| 2020-12-31 | NT$13.47 | NT$8.54 | x |
| 2021-12-31 | NT$14.13 | NT$8.54 | x |
| 2022-12-31 | NT$14.23 | NT$8.54 | x |
| 2023-12-31 | NT$13.63 | NT$8.54 | x |
| 2024-12-31 | NT$12.20 | NT$8.54 | x |
| 2025-12-31 | NT$12.39 | NT$8.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carnival Industrial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.03%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.20x
- Recent ROE (5.01%) is above the historical average (-0.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.32% | 0.89% | 0.25x | 1.43x | NT$-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 |
| 2025 | 5.01% | 29.03% | 0.14x | 1.20x | NT$-116.98 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: $514,822,000
- Average return on equity (ROE) among peers: -83.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carnival Industrial Corp (1417) | NT$2.34 Billion | 0.32% | 0.20x | $51.11 Million |
| Les Enphants Co Ltd (2911) | $514.82 Million | -83.03% | 6.58x | $26.33 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