Reward Wool Industry Corp
Reward Wool Industry Corporation manufactures and sells wool products in Taiwan, Japan, South Korea, and internationally. It offers wool tops; special processing tops comprising superwash, superwash soft, kroy treated only, soft lustre, bosolan, open, and brokern tops; and lanolin and carbonized noils. The company was incorporated in 1964 and is headquartered in Taipei, Taiwan.
Reward Wool Industry Corp (1423) - Net Assets
Latest net assets as of September 2025: NT$3.94 Billion TWD
Based on the latest financial reports, Reward Wool Industry Corp (1423) has net assets worth NT$3.94 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.19 Billion) and total liabilities (NT$246.59 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.94 Billion |
| % of Total Assets | 94.11% |
| Annual Growth Rate | 1.28% |
| 5-Year Change | 7.66% |
| 10-Year Change | 25.29% |
| Growth Volatility | 8.48 |
Reward Wool Industry Corp - Net Assets Trend (2002–2024)
This chart illustrates how Reward Wool Industry Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Reward Wool Industry Corp (2002–2024)
The table below shows the annual net assets of Reward Wool Industry Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.23 Billion | +12.97% |
| 2023-12-31 | NT$2.86 Billion | -5.97% |
| 2022-12-31 | NT$3.04 Billion | -2.23% |
| 2021-12-31 | NT$3.11 Billion | +3.67% |
| 2020-12-31 | NT$3.00 Billion | +27.41% |
| 2019-12-31 | NT$2.36 Billion | -1.40% |
| 2018-12-31 | NT$2.39 Billion | -8.52% |
| 2017-12-31 | NT$2.61 Billion | +2.11% |
| 2016-12-31 | NT$2.56 Billion | -0.82% |
| 2015-12-31 | NT$2.58 Billion | -1.24% |
| 2014-12-31 | NT$2.61 Billion | -2.18% |
| 2013-12-31 | NT$2.67 Billion | +15.51% |
| 2012-12-31 | NT$2.31 Billion | -4.76% |
| 2011-12-31 | NT$2.43 Billion | +3.92% |
| 2010-12-31 | NT$2.34 Billion | -1.87% |
| 2009-12-31 | NT$2.38 Billion | +1.64% |
| 2008-12-31 | NT$2.34 Billion | -11.95% |
| 2007-12-31 | NT$2.66 Billion | +9.00% |
| 2006-12-31 | NT$2.44 Billion | +1.97% |
| 2005-12-31 | NT$2.39 Billion | +6.04% |
| 2004-12-31 | NT$2.26 Billion | -3.08% |
| 2003-12-31 | NT$2.33 Billion | -4.79% |
| 2002-12-31 | NT$2.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Reward Wool Industry 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 48.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$199.22 Million | 6.16% |
| Common Stock | NT$996.48 Million | 30.82% |
| Other Comprehensive Income | NT$1.93 Billion | 59.74% |
| Other Components | NT$105.96 Million | 3.28% |
| Total Equity | NT$3.23 Billion | 100.00% |
Reward Wool Industry Corp Competitors by Market Cap
The table below lists competitors of Reward Wool Industry Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Airtificial Intelligence Structures S.A
PINK:AITLF
|
$53.18 Million |
|
Sai Gon Ground Services JSC
VN:SGN
|
$53.18 Million |
|
Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition
BK:GROREIT
|
$53.22 Million |
|
TDC SOFT Inc
MU:TD4
|
$53.22 Million |
|
Globrands Ltd
PINK:GLBGF
|
$53.17 Million |
|
Frontier Services Group Limited
PINK:DVNHF
|
$53.15 Million |
|
RACCOON HOLDINGS INC.
F:R8C
|
$53.15 Million |
|
Prosafe SE
OL:PRS
|
$53.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reward Wool Industry Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,862,140,000 to 3,233,293,000, a change of 371,153,000 (13.0%).
- Net income of 80,802,000 contributed positively to equity growth.
- Dividend payments of 59,789,000 reduced retained earnings.
- Other comprehensive income increased equity by 356,402,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$80.80 Million | +2.5% |
| Dividends Paid | NT$59.79 Million | -1.85% |
| Other Comprehensive Income | NT$356.40 Million | +11.02% |
| Other Changes | NT$-6.26 Million | -0.19% |
| Total Change | NT$- | 12.97% |
Book Value vs Market Value Analysis
This analysis compares Reward Wool Industry 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: 1.23x
- 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 2.34x to 1.23x 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$17.01 | NT$39.80 | x |
| 2010-12-31 | NT$16.69 | NT$39.80 | x |
| 2011-12-31 | NT$17.34 | NT$39.80 | x |
| 2012-12-31 | NT$16.52 | NT$39.80 | x |
| 2013-12-31 | NT$19.08 | NT$39.80 | x |
| 2014-12-31 | NT$18.69 | NT$39.80 | x |
| 2015-12-31 | NT$18.65 | NT$39.80 | x |
| 2016-12-31 | NT$18.49 | NT$39.80 | x |
| 2017-12-31 | NT$15.11 | NT$39.80 | x |
| 2018-12-31 | NT$14.79 | NT$39.80 | x |
| 2019-12-31 | NT$23.65 | NT$39.80 | x |
| 2020-12-31 | NT$29.91 | NT$39.80 | x |
| 2021-12-31 | NT$22.06 | NT$39.80 | x |
| 2022-12-31 | NT$30.49 | NT$39.80 | x |
| 2023-12-31 | NT$23.13 | NT$39.80 | x |
| 2024-12-31 | NT$32.41 | NT$39.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reward Wool Industry Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 77.36%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.07x
- Recent ROE (2.50%) is above the historical average (1.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.47% | 5.41% | 0.70x | 1.45x | NT$-110.74 Million |
| 2006 | 1.46% | 1.77% | 0.72x | 1.15x | NT$-208.38 Million |
| 2007 | 7.16% | 8.40% | 0.74x | 1.15x | NT$-75.56 Million |
| 2009 | 2.03% | 5.20% | 0.34x | 1.14x | NT$-189.68 Million |
| 2010 | -0.68% | -1.44% | 0.41x | 1.15x | NT$-249.51 Million |
| 2011 | 2.15% | 3.74% | 0.50x | 1.16x | NT$-190.57 Million |
| 2012 | -4.29% | -9.53% | 0.39x | 1.15x | NT$-330.49 Million |
| 2013 | -0.14% | -0.45% | 0.28x | 1.09x | NT$-270.85 Million |
| 2014 | -2.86% | -10.82% | 0.24x | 1.10x | NT$-335.95 Million |
| 2015 | -1.40% | -5.62% | 0.23x | 1.10x | NT$-294.07 Million |
| 2016 | 0.20% | 0.77% | 0.23x | 1.09x | NT$-250.95 Million |
| 2017 | 1.76% | 6.74% | 0.24x | 1.09x | NT$-215.40 Million |
| 2018 | 4.29% | 13.49% | 0.29x | 1.10x | NT$-136.40 Million |
| 2019 | -1.54% | -7.95% | 0.18x | 1.09x | NT$-271.90 Million |
| 2020 | 11.79% | 174.63% | 0.06x | 1.11x | NT$53.70 Million |
| 2021 | 4.94% | 80.96% | 0.06x | 1.10x | NT$-157.39 Million |
| 2022 | 2.41% | 41.69% | 0.05x | 1.09x | NT$-231.04 Million |
| 2023 | 2.46% | 56.80% | 0.04x | 1.10x | NT$-215.68 Million |
| 2024 | 2.50% | 77.36% | 0.03x | 1.07x | NT$-242.53 Million |
Industry Comparison
This section compares Reward Wool Industry Corp's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $10,082,241,600
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reward Wool Industry Corp (1423) | NT$3.94 Billion | 5.47% | 0.06x | $53.18 Million |
| San Fang Chemical Industry Co Ltd (1307) | $3.11 Billion | 9.38% | 1.04x | $159.74 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.12 Billion | 13.50% | 1.05x | $17.61 Million |
| Cathay Consolidated Inc (1342) | $767.81 Million | 20.83% | 0.72x | $152.57 Million |
| Far Eastern New Century Corp (1402) | $69.12 Billion | 1.05% | 1.32x | $2.98 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $14.05 Billion | 3.65% | 0.92x | $539.09 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 8.25% | 0.21x | $41.23 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $895.15 Million | 13.02% | 1.59x | $18.51 Million |
| Tung Ho Textile Co Ltd (1414) | $1.54 Billion | -19.15% | 2.15x | $46.96 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $2.35 Billion | 0.00% | 0.89x | $10.53 Million |
| Shinkong Textile Co Ltd (1419) | $6.62 Billion | 3.47% | 0.46x | $306.86 Million |