Trk Corp
TRK Corporation, together with its subsidiaries, engages in the development and management of commercial real estate properties in Taiwan. It operates through Strategic Business, Construction, Shopping Centers Development, and Leisure and Recreation segments. The company operates shopping malls and leisure and recreation business; and develops and sells residential properties. It also involved in… Read more
Trk Corp (1432) - Net Assets
Latest net assets as of September 2025: NT$1.17 Billion TWD
Based on the latest financial reports, Trk Corp (1432) has net assets worth NT$1.17 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$5.53 Billion) and total liabilities (NT$4.36 Billion). 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$1.17 Billion |
| % of Total Assets | 21.08% |
| Annual Growth Rate | -1.39% |
| 5-Year Change | 36.26% |
| 10-Year Change | -61.77% |
| Growth Volatility | 34.44 |
Trk Corp - Net Assets Trend (2000–2024)
This chart illustrates how Trk 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 Trk Corp (2000–2024)
The table below shows the annual net assets of Trk Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.08 Billion | +37.47% |
| 2023-12-31 | NT$789.16 Million | +8.02% |
| 2022-12-31 | NT$730.57 Million | -4.83% |
| 2021-12-31 | NT$767.67 Million | -3.58% |
| 2020-12-31 | NT$796.17 Million | -28.52% |
| 2019-12-31 | NT$1.11 Billion | -39.63% |
| 2018-12-31 | NT$1.85 Billion | -6.18% |
| 2017-12-31 | NT$1.97 Billion | -23.13% |
| 2016-12-31 | NT$2.56 Billion | -9.86% |
| 2015-12-31 | NT$2.84 Billion | +22.76% |
| 2014-12-31 | NT$2.31 Billion | +3.54% |
| 2013-12-31 | NT$2.23 Billion | +50.23% |
| 2012-12-31 | NT$1.49 Billion | +36.65% |
| 2011-12-31 | NT$1.09 Billion | +10.01% |
| 2010-12-31 | NT$988.68 Million | +110.51% |
| 2009-12-31 | NT$469.66 Million | -53.96% |
| 2008-12-31 | NT$1.02 Billion | -13.30% |
| 2007-12-31 | NT$1.18 Billion | +57.65% |
| 2006-12-31 | NT$746.43 Million | -6.68% |
| 2005-12-31 | NT$799.85 Million | -23.08% |
| 2004-12-31 | NT$1.04 Billion | -21.37% |
| 2003-12-31 | NT$1.32 Billion | -7.67% |
| 2002-12-31 | NT$1.43 Billion | -0.50% |
| 2001-12-31 | NT$1.44 Billion | -5.18% |
| 2000-12-31 | NT$1.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trk 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 27746400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.08 Billion | 108.52% |
| Other Comprehensive Income | NT$-96.85 Million | -9.73% |
| Other Components | NT$289.51 Million | 29.09% |
| Total Equity | NT$995.19 Million | 100.00% |
Trk Corp Competitors by Market Cap
The table below lists competitors of Trk Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vittia Fertilizantes
SA:VITT3
|
$34.48 Million |
|
H&R GmbH & Co. KGaA
XETRA:2HRA
|
$34.48 Million |
|
Ditas Dogan Yedek Parca Imalat ve Teknik AS
IS:DITAS
|
$34.48 Million |
|
BioNxt Solutions Inc.
OTCQB:BNXTF
|
$34.49 Million |
|
GenoFocus Inc
KQ:187420
|
$34.47 Million |
|
Cardlytics Inc
NASDAQ:CDLX
|
$34.46 Million |
|
Lotus Bakeries NV
PINK:LOTBY
|
$34.44 Million |
|
Firma Oponiarska DĘBICA SA
WAR:DBC
|
$34.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trk Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 778,814,000 to 995,192,000, a change of 216,378,000 (27.8%).
- Net loss of 46,727,000 reduced equity.
- New share issuances of 261,000,000 increased equity.
- Other comprehensive income decreased equity by 6,491,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-46.73 Million | -4.7% |
| Share Issuances | NT$261.00 Million | +26.23% |
| Other Comprehensive Income | NT$-6.49 Million | -0.65% |
| Other Changes | NT$8.60 Million | +0.86% |
| Total Change | NT$- | 27.78% |
Book Value vs Market Value Analysis
This analysis compares Trk 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: 1.88x
- 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 2.80x to 1.88x 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$6.73 | NT$18.85 | x |
| 2010-12-31 | NT$16.71 | NT$18.85 | x |
| 2011-12-31 | NT$18.34 | NT$18.85 | x |
| 2012-12-31 | NT$26.24 | NT$18.85 | x |
| 2013-12-31 | NT$36.87 | NT$18.85 | x |
| 2014-12-31 | NT$29.04 | NT$18.85 | x |
| 2015-12-31 | NT$30.53 | NT$18.85 | x |
| 2016-12-31 | NT$27.47 | NT$18.85 | x |
| 2017-12-31 | NT$25.21 | NT$18.85 | x |
| 2018-12-31 | NT$22.19 | NT$18.85 | x |
| 2019-12-31 | NT$14.49 | NT$18.85 | x |
| 2020-12-31 | NT$10.45 | NT$18.85 | x |
| 2021-12-31 | NT$10.33 | NT$18.85 | x |
| 2022-12-31 | NT$8.11 | NT$18.85 | x |
| 2023-12-31 | NT$8.71 | NT$18.85 | x |
| 2024-12-31 | NT$10.04 | NT$18.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trk 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): -4.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.65%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 5.52x
- Recent ROE (-4.70%) is below the historical average (0.73%), 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 | 43.49% | 11.58% | 0.71x | 5.33x | NT$231.92 Million |
| 2009 | -29.14% | -9.65% | 0.53x | 5.75x | NT$-152.52 Million |
| 2010 | 83.63% | 32.35% | 1.25x | 2.06x | NT$712.11 Million |
| 2011 | 2.77% | 2.60% | 0.50x | 2.14x | NT$-78.66 Million |
| 2012 | 39.25% | 63.27% | 0.50x | 1.23x | NT$430.86 Million |
| 2013 | -5.15% | -12.74% | 0.32x | 1.25x | NT$-336.40 Million |
| 2014 | -6.56% | -107.86% | 0.04x | 1.62x | NT$-358.99 Million |
| 2015 | -5.31% | -31.15% | 0.06x | 2.78x | NT$-346.46 Million |
| 2016 | -6.77% | -14.22% | 0.12x | 3.88x | NT$-351.49 Million |
| 2017 | -7.34% | -12.20% | 0.37x | 1.61x | NT$-335.33 Million |
| 2018 | -10.84% | -18.07% | 0.40x | 1.49x | NT$-354.61 Million |
| 2019 | -58.08% | -55.16% | 0.20x | 5.16x | NT$-756.77 Million |
| 2020 | 1.98% | 1.37% | 0.24x | 6.00x | NT$-64.28 Million |
| 2021 | -27.35% | -26.84% | 0.16x | 6.41x | NT$-285.23 Million |
| 2022 | -5.16% | -3.34% | 0.23x | 6.85x | NT$-108.45 Million |
| 2023 | 7.73% | 4.54% | 0.27x | 6.26x | NT$-17.70 Million |
| 2024 | -4.70% | -3.65% | 0.23x | 5.52x | NT$-146.25 Million |
Industry Comparison
This section compares Trk Corp's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,960,331,111
- Average return on equity (ROE) among peers: 2.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trk Corp (1432) | NT$1.17 Billion | 43.49% | 3.74x | $34.47 Million |
| Rexon Industrial Corp Ltd (1515) | $2.33 Billion | 4.56% | 1.33x | $101.55 Million |
| Sun Race Sturmey-Archer Inc (1526) | $654.76 Million | 0.00% | 1.33x | $22.79 Million |
| Chi Hua Fitness Co Ltd (1593) | $876.47 Million | 13.62% | 0.20x | $29.76 Million |
| Dyaco International Inc (1598) | $4.06 Billion | -2.33% | 1.94x | $63.34 Million |
| Johnson Health Tech Co Ltd (1736) | $9.38 Billion | 1.06% | 2.76x | $347.60 Million |
| World Fitness Services Ltd (2762) | $2.90 Billion | 1.10% | 5.19x | $22.31K |
| Topkey Corp (4536) | $2.93 Billion | 17.26% | 1.06x | $305.91 Million |
| Brogent Technologies (5263) | $2.90 Billion | 8.87% | 0.45x | $129.86 Million |
| Janfusun Fancyworld (5701) | $609.74 Million | -22.48% | 3.77x | $9.21 Million |