Tong-Hwa Synthetic Fiber Co Ltd (1418) - Net Assets
Based on the latest financial reports, Tong-Hwa Synthetic Fiber Co Ltd (1418) has net assets worth NT$1.18 Billion TWD (≈ $37.13 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$5.28 Billion ≈ $166.41 Million USD) and total liabilities (NT$4.10 Billion ≈ $129.28 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. Explore 1418 cash generation efficiency to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.18 Billion |
| % of Total Assets | 22.31% |
| Annual Growth Rate | -3.01% |
| 5-Year Change | 219.34% |
| 10-Year Change | 157.03% |
| Growth Volatility | 187.6 |
Tong-Hwa Synthetic Fiber Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Tong-Hwa Synthetic Fiber Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore how much of Tong-Hwa Synthetic Fiber Co Ltd's assets are long-term investments to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Tong-Hwa Synthetic Fiber Co Ltd (2002–2024)
The table below shows the annual net assets of Tong-Hwa Synthetic Fiber Co Ltd from 2002 to 2024. For live valuation and market cap data, see Tong-Hwa Synthetic Fiber Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.30 Billion ≈ $40.99 Million |
+2.31% |
| 2023-12-31 | NT$1.27 Billion ≈ $40.06 Million |
+3.42% |
| 2022-12-31 | NT$1.23 Billion ≈ $38.74 Million |
+1.81% |
| 2021-12-31 | NT$1.21 Billion ≈ $38.05 Million |
+196.43% |
| 2020-12-31 | NT$407.39 Million ≈ $12.84 Million |
-35.87% |
| 2019-12-31 | NT$635.27 Million ≈ $20.01 Million |
-25.19% |
| 2018-12-31 | NT$849.18 Million ≈ $26.75 Million |
+865.57% |
| 2017-12-31 | NT$87.95 Million ≈ $2.77 Million |
-71.07% |
| 2016-12-31 | NT$303.99 Million ≈ $9.58 Million |
-39.94% |
| 2015-12-31 | NT$506.16 Million ≈ $15.95 Million |
-28.26% |
| 2014-12-31 | NT$705.56 Million ≈ $22.23 Million |
-20.66% |
| 2013-12-31 | NT$889.25 Million ≈ $28.02 Million |
-14.72% |
| 2012-12-31 | NT$1.04 Billion ≈ $32.85 Million |
-15.17% |
| 2011-12-31 | NT$1.23 Billion ≈ $38.73 Million |
+2.73% |
| 2010-12-31 | NT$1.20 Billion ≈ $37.70 Million |
-3.51% |
| 2009-12-31 | NT$1.24 Billion ≈ $39.07 Million |
+25.46% |
| 2008-12-31 | NT$988.42 Million ≈ $31.14 Million |
-30.64% |
| 2007-12-31 | NT$1.42 Billion ≈ $44.89 Million |
-20.00% |
| 2006-12-31 | NT$1.78 Billion ≈ $56.12 Million |
-11.28% |
| 2005-12-31 | NT$2.01 Billion ≈ $63.26 Million |
-14.54% |
| 2004-12-31 | NT$2.35 Billion ≈ $74.02 Million |
-2.12% |
| 2003-12-31 | NT$2.40 Billion ≈ $75.62 Million |
-5.89% |
| 2002-12-31 | NT$2.55 Billion ≈ $80.35 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tong-Hwa Synthetic Fiber 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 decreased by 74836100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$568.34 Million | 43.69% |
| Other Comprehensive Income | NT$1.55 Billion | 119.28% |
| Total Equity | NT$1.30 Billion | 100.00% |
Tong-Hwa Synthetic Fiber Co Ltd Competitors by Market Cap
The table below lists competitors of Tong-Hwa Synthetic Fiber Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cnova NV
PA:CNV
|
$32.17 Million |
|
Dacome International Ltd
TWO:9960
|
$32.17 Million |
|
Salomon A Angel Ltd
TA:ANGL
|
$32.19 Million |
|
Asahi Songwon Colors Limited
NSE:ASAHISONG
|
$32.21 Million |
|
Taihan Precision Technology Co Ltd
TWO:1336
|
$32.16 Million |
|
Goldspot Discoveries Corp
V:SPOT
|
$32.15 Million |
|
TJ media Co. Ltd
KQ:032540
|
$32.15 Million |
|
Quilter PLC
LSE:QLT
|
$32.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tong-Hwa Synthetic Fiber Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,271,541,000 to 1,300,963,000, a change of 29,422,000 (2.3%).
- Net income of 25,785,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 369,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$25.79 Million | +1.98% |
| Other Comprehensive Income | NT$369.00K | +0.03% |
| Other Changes | NT$3.27 Million | +0.25% |
| Total Change | NT$- | 2.31% |
Book Value vs Market Value Analysis
This analysis compares Tong-Hwa Synthetic Fiber 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: 0.78x
- 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 1.83x to 0.78x 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$10.25 | NT$18.80 | x |
| 2010-12-31 | NT$9.89 | NT$18.80 | x |
| 2011-12-31 | NT$10.16 | NT$18.80 | x |
| 2012-12-31 | NT$8.62 | NT$18.80 | x |
| 2013-12-31 | NT$7.35 | NT$18.80 | x |
| 2014-12-31 | NT$5.83 | NT$18.80 | x |
| 2015-12-31 | NT$4.13 | NT$18.80 | x |
| 2016-12-31 | NT$6.98 | NT$18.80 | x |
| 2017-12-31 | NT$2.03 | NT$18.80 | x |
| 2018-12-31 | NT$15.64 | NT$18.80 | x |
| 2019-12-31 | NT$11.70 | NT$18.80 | x |
| 2020-12-31 | NT$7.50 | NT$18.80 | x |
| 2021-12-31 | NT$22.24 | NT$18.80 | x |
| 2022-12-31 | NT$22.64 | NT$18.80 | x |
| 2023-12-31 | NT$23.41 | NT$18.80 | x |
| 2024-12-31 | NT$23.95 | NT$18.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tong-Hwa Synthetic Fiber 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): 1.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 251.61%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 4.05x
- Recent ROE (1.98%) is above the historical average (-38.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 26.71% | 11.36% | 1.19x | 1.97x | NT$207.19 Million |
| 2010 | -3.01% | -1.09% | 1.36x | 2.03x | NT$-155.63 Million |
| 2011 | 3.75% | 1.50% | 1.30x | 1.93x | NT$-76.77 Million |
| 2012 | -18.63% | -8.71% | 1.01x | 2.13x | NT$-298.51 Million |
| 2013 | -13.76% | -5.70% | 1.06x | 2.27x | NT$-211.26 Million |
| 2014 | -22.70% | -7.97% | 0.99x | 2.89x | NT$-230.69 Million |
| 2015 | -35.58% | -12.38% | 0.81x | 3.56x | NT$-230.66 Million |
| 2016 | -59.58% | -10.58% | 0.97x | 5.83x | NT$-211.45 Million |
| 2017 | -365.94% | -19.64% | 1.04x | 18.00x | NT$-330.39 Million |
| 2018 | -25.66% | -33.37% | 0.24x | 3.14x | NT$-302.82 Million |
| 2019 | -33.70% | -101.21% | 0.09x | 3.87x | NT$-277.62 Million |
| 2020 | -56.02% | -227.91% | 0.04x | 5.48x | NT$-268.97 Million |
| 2021 | -13.96% | -428.94% | 0.01x | 2.94x | NT$-289.32 Million |
| 2022 | 1.77% | 105.12% | 0.01x | 3.16x | NT$-101.14 Million |
| 2023 | 3.14% | 194.21% | 0.00x | 3.52x | NT$-87.17 Million |
| 2024 | 1.98% | 251.61% | 0.00x | 4.05x | NT$-104.31 Million |
Industry Comparison
This section compares Tong-Hwa Synthetic Fiber Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $14,278,211,667
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | NT$1.18 Billion | 26.71% | 3.48x | $32.17 Million |
| San Fang Chemical Industry Co Ltd (1307) | $3.53 Billion | 9.88% | 0.84x | $383.52 Million |
| Universal Inc (1325) | $1.82 Billion | 6.69% | 0.12x | $72.28 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.21 Billion | 24.85% | 1.03x | $102.90 Million |
| Cathay Consolidated Inc (1342) | $936.36 Million | 19.28% | 0.62x | $229.20 Million |
| Far Eastern New Century Corp (1402) | $84.54 Billion | 5.47% | 0.67x | $3.95 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $32.72 Billion | 2.29% | 2.96x | $960.90 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.17 Billion | -1.26% | 0.28x | $51.28 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $778.59 Million | -8.04% | 1.95x | $39.13 Million |
| Tung Ho Textile Co Ltd (1414) | $1.80 Billion | 0.00% | 2.40x | $87.65 Million |
About Tong-Hwa Synthetic Fiber Co Ltd
TongHwa Corporation purchases and sells acrylic staple and tow in Taiwan. It is also involved in the residential and building investment, development, leasing, and sales. The company was formerly known as Tong-Hwa Synthetic Fiber Company Limited. TongHwa Corporation was founded in 1970 and is based in Taipei, Taiwan.