Trk Corp (1432) - Net Assets
Based on the latest financial reports, Trk Corp (1432) has net assets worth NT$1.85 Billion TWD (≈ $58.14 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$4.36 Billion ≈ $137.30 Million USD) and total liabilities (NT$2.51 Billion ≈ $79.15 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. Also explore 1432 total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.85 Billion |
| % of Total Assets | 42.35% |
| Annual Growth Rate | 0.78% |
| 5-Year Change | 140.41% |
| 10-Year Change | -27.86% |
| Growth Volatility | 36.17 |
Trk Corp - Net Assets Trend (2000–2025)
This chart illustrates how Trk Corp's net assets have evolved over time, based on quarterly financial data. Check 1432 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Trk Corp (2000–2025)
The table below shows the annual net assets of Trk Corp from 2000 to 2025. For live valuation and market cap data, see how much is Trk Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.85 Billion ≈ $58.14 Million |
+70.11% |
| 2024-12-31 | NT$1.08 Billion ≈ $34.18 Million |
+37.47% |
| 2023-12-31 | NT$789.16 Million ≈ $24.86 Million |
+8.02% |
| 2022-12-31 | NT$730.57 Million ≈ $23.02 Million |
-4.83% |
| 2021-12-31 | NT$767.67 Million ≈ $24.19 Million |
-3.58% |
| 2020-12-31 | NT$796.17 Million ≈ $25.08 Million |
-28.52% |
| 2019-12-31 | NT$1.11 Billion ≈ $35.09 Million |
-39.63% |
| 2018-12-31 | NT$1.85 Billion ≈ $58.13 Million |
-6.18% |
| 2017-12-31 | NT$1.97 Billion ≈ $61.96 Million |
-23.13% |
| 2016-12-31 | NT$2.56 Billion ≈ $80.60 Million |
-9.86% |
| 2015-12-31 | NT$2.84 Billion ≈ $89.41 Million |
+22.76% |
| 2014-12-31 | NT$2.31 Billion ≈ $72.83 Million |
+3.54% |
| 2013-12-31 | NT$2.23 Billion ≈ $70.34 Million |
+50.23% |
| 2012-12-31 | NT$1.49 Billion ≈ $46.82 Million |
+36.65% |
| 2011-12-31 | NT$1.09 Billion ≈ $34.27 Million |
+10.01% |
| 2010-12-31 | NT$988.68 Million ≈ $31.15 Million |
+110.51% |
| 2009-12-31 | NT$469.66 Million ≈ $14.80 Million |
-53.96% |
| 2008-12-31 | NT$1.02 Billion ≈ $32.14 Million |
-13.30% |
| 2007-12-31 | NT$1.18 Billion ≈ $37.07 Million |
+57.65% |
| 2006-12-31 | NT$746.43 Million ≈ $23.52 Million |
-6.68% |
| 2005-12-31 | NT$799.85 Million ≈ $25.20 Million |
-23.08% |
| 2004-12-31 | NT$1.04 Billion ≈ $32.76 Million |
-21.37% |
| 2003-12-31 | NT$1.32 Billion ≈ $41.66 Million |
-7.67% |
| 2002-12-31 | NT$1.43 Billion ≈ $45.12 Million |
-0.50% |
| 2001-12-31 | NT$1.44 Billion ≈ $45.35 Million |
-5.18% |
| 2000-12-31 | NT$1.52 Billion ≈ $47.83 Million |
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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 grown by 37401700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$374.02 Million | 22.45% |
| Common Stock | NT$1.08 Billion | 64.84% |
| Other Comprehensive Income | NT$-84.53 Million | -5.08% |
| Other Components | NT$296.20 Million | 17.78% |
| Total Equity | NT$1.67 Billion | 100.00% |
Trk Corp Competitors by Market Cap
The table below lists competitors of Trk Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ahoku Electronic Co
TW:3002
|
$51.40 Million |
|
XTI Aerospace, Inc.
NASDAQ:XTIA
|
$51.42 Million |
|
Pan-Pacific
KO:007980
|
$51.42 Million |
|
An Phat Holdings JSC
VN:APH
|
$51.43 Million |
|
flyExclusive, Inc.
NYSE:FLYX
|
$51.37 Million |
|
International Conveyors Limited
NSE:INTLCONV
|
$51.37 Million |
|
Metair
JSE:MTA
|
$51.37 Million |
|
Everbrite Technology Co Ltd
TWO:4523
|
$51.36 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 2024 to 2025, total equity changed from 995,192,000 to 1,665,679,000, a change of 670,487,000 (67.4%).
- Net income of 651,481,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 12,320,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$651.48 Million | +39.11% |
| Other Comprehensive Income | NT$12.32 Million | +0.74% |
| Other Changes | NT$6.69 Million | +0.4% |
| Total Change | NT$- | 67.37% |
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: 0.93x
- 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 2.24x to 0.93x 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$15.10 | x |
| 2010-12-31 | NT$16.71 | NT$15.10 | x |
| 2011-12-31 | NT$18.34 | NT$15.10 | x |
| 2012-12-31 | NT$26.24 | NT$15.10 | x |
| 2013-12-31 | NT$36.87 | NT$15.10 | x |
| 2014-12-31 | NT$29.04 | NT$15.10 | x |
| 2015-12-31 | NT$30.53 | NT$15.10 | x |
| 2016-12-31 | NT$27.47 | NT$15.10 | x |
| 2017-12-31 | NT$25.21 | NT$15.10 | x |
| 2018-12-31 | NT$22.19 | NT$15.10 | x |
| 2019-12-31 | NT$14.49 | NT$15.10 | x |
| 2020-12-31 | NT$10.45 | NT$15.10 | x |
| 2021-12-31 | NT$10.33 | NT$15.10 | x |
| 2022-12-31 | NT$8.11 | NT$15.10 | x |
| 2023-12-31 | NT$8.71 | NT$15.10 | x |
| 2024-12-31 | NT$10.04 | NT$15.10 | x |
| 2025-12-31 | NT$16.15 | NT$15.10 | 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): 39.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.68%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.62x
- Recent ROE (39.11%) is above the historical average (2.86%), indicating improving 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 |
| 2025 | 39.11% | 48.68% | 0.31x | 2.62x | NT$484.91 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: $4,510,216,444
- Average return on equity (ROE) among peers: 9.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trk Corp (1432) | NT$1.85 Billion | 43.49% | 1.36x | $51.38 Million |
| Rexon Industrial Corp Ltd (1515) | $2.00 Billion | 3.15% | 1.48x | $164.66 Million |
| Sun Race Sturmey-Archer Inc (1526) | $759.53 Million | 17.86% | 1.85x | $34.31 Million |
| Chi Hua Fitness Co Ltd (1593) | $1.13 Billion | 15.13% | 0.46x | $37.42 Million |
| Dyaco International Inc (1598) | $4.06 Billion | -2.33% | 1.94x | $105.32 Million |
| Johnson Health Tech Co Ltd (1736) | $4.69 Billion | 5.34% | 1.21x | $1.18 Billion |
| Topkey Corp (4536) | $2.93 Billion | 17.26% | 1.06x | $473.55 Million |
| Brogent Technologies (5263) | $2.90 Billion | 8.87% | 0.45x | $208.51 Million |
| Janfusun Fancyworld (5701) | $3.41 Billion | 0.00% | 0.64x | $19.78 Million |
| Fusheng Precision Co Ltd (6670) | $18.70 Billion | 16.69% | 0.62x | $1.12 Billion |
About 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 Affairs; Operating Construction; Shopping Mall Development; and Leisure and Recreation segments. The company operates shopping malls and leisure and recreation business; and develops and sells residential properties. It is also in… Read more