Formosa Taffeta Co Ltd
Formosa Taffeta Co., Ltd. operates in the textile industry in Taiwan and Asia. The company offers traditional combed cotton yarn, blended yarn, new functional yarn, special protective yarn, and woven fabric. It offers tire cord fabric, base cloths of conveyor ducks, chafers for tire-lips, anti-puncture fabric for bikes, lining fabric, etc. The company also manufactures and sells protective textil… Read more
Formosa Taffeta Co Ltd (1434) - Net Assets
Latest net assets as of June 2025: NT$34.73 Billion TWD
Based on the latest financial reports, Formosa Taffeta Co Ltd (1434) has net assets worth NT$34.73 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$50.86 Billion) and total liabilities (NT$16.13 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$34.73 Billion |
| % of Total Assets | 68.28% |
| Annual Growth Rate | 2.73% |
| 5-Year Change | -39.97% |
| 10-Year Change | -34.17% |
| Growth Volatility | 26.04 |
Formosa Taffeta Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Formosa Taffeta Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Formosa Taffeta Co Ltd (2000–2024)
The table below shows the annual net assets of Formosa Taffeta Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$36.91 Billion | -32.09% |
| 2023-12-31 | NT$54.35 Billion | -2.54% |
| 2022-12-31 | NT$55.77 Billion | -10.41% |
| 2021-12-31 | NT$62.24 Billion | +1.24% |
| 2020-12-31 | NT$61.48 Billion | -4.27% |
| 2019-12-31 | NT$64.22 Billion | -14.33% |
| 2018-12-31 | NT$74.97 Billion | +2.44% |
| 2017-12-31 | NT$73.18 Billion | +4.13% |
| 2016-12-31 | NT$70.28 Billion | +25.35% |
| 2015-12-31 | NT$56.07 Billion | +6.93% |
| 2014-12-31 | NT$52.43 Billion | -3.28% |
| 2013-12-31 | NT$54.21 Billion | -0.69% |
| 2012-12-31 | NT$54.58 Billion | -5.11% |
| 2011-12-31 | NT$57.52 Billion | -5.75% |
| 2010-12-31 | NT$61.03 Billion | +12.51% |
| 2009-12-31 | NT$54.25 Billion | +17.20% |
| 2008-12-31 | NT$46.28 Billion | -27.53% |
| 2007-12-31 | NT$63.86 Billion | +27.43% |
| 2006-12-31 | NT$50.12 Billion | +112.69% |
| 2005-12-31 | NT$23.56 Billion | +6.45% |
| 2004-12-31 | NT$22.14 Billion | +5.47% |
| 2003-12-31 | NT$20.99 Billion | +1.86% |
| 2002-12-31 | NT$20.60 Billion | +5.05% |
| 2001-12-31 | NT$19.61 Billion | +1.46% |
| 2000-12-31 | NT$19.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formosa Taffeta 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 grown by 271.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.63 Billion | 23.39% |
| Other Components | NT$28.28 Billion | 76.61% |
| Total Equity | NT$36.91 Billion | 100.00% |
Formosa Taffeta Co Ltd Competitors by Market Cap
The table below lists competitors of Formosa Taffeta Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amaroq Ltd.
PINK:AMRQF
|
$404.16 Million |
|
Maharashtra Seamless Limited
NSE:MAHSEAMLES
|
$404.25 Million |
|
Double Medical Technology Inc
SHE:002901
|
$404.40 Million |
|
BSR Real Estate Investment Trust
PINK:BSRTF
|
$404.42 Million |
|
Canopy Growth Corp
NASDAQ:CGC
|
$404.06 Million |
|
Pacific Biosciences of California
NASDAQ:PACB
|
$404.05 Million |
|
Shenzhen LeoKing Environmental Group Co. Ltd. A
SHE:301305
|
$404.05 Million |
|
Fuerte Metals Corporation.
V:FMT
|
$404.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosa Taffeta Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 54,351,972,000 to 36,910,517,000, a change of -17,441,455,000 (-32.1%).
- Net income of 1,490,185,000 contributed positively to equity growth.
- Dividend payments of 844,309,000 reduced retained earnings.
- Other comprehensive income decreased equity by 16,894,855,000.
- Other factors decreased equity by 1,192,476,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.49 Billion | +4.04% |
| Dividends Paid | NT$844.31 Million | -2.29% |
| Other Comprehensive Income | NT$-16.89 Billion | -45.77% |
| Other Changes | NT$-1.19 Billion | -3.23% |
| Total Change | NT$- | -32.09% |
Book Value vs Market Value Analysis
This analysis compares Formosa Taffeta 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: 0.76x
- 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 0.57x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$29.05 | NT$16.60 | x |
| 2007-12-31 | NT$36.16 | NT$16.60 | x |
| 2008-12-31 | NT$25.92 | NT$16.60 | x |
| 2009-12-31 | NT$30.57 | NT$16.60 | x |
| 2010-12-31 | NT$34.37 | NT$16.60 | x |
| 2011-12-31 | NT$32.29 | NT$16.60 | x |
| 2012-12-31 | NT$30.64 | NT$16.60 | x |
| 2013-12-31 | NT$30.47 | NT$16.60 | x |
| 2014-12-31 | NT$29.26 | NT$16.60 | x |
| 2015-12-31 | NT$31.33 | NT$16.60 | x |
| 2016-12-31 | NT$39.68 | NT$16.60 | x |
| 2017-12-31 | NT$41.24 | NT$16.60 | x |
| 2018-12-31 | NT$40.96 | NT$16.60 | x |
| 2019-12-31 | NT$38.17 | NT$16.60 | x |
| 2020-12-31 | NT$36.54 | NT$16.60 | x |
| 2021-12-31 | NT$37.00 | NT$16.60 | x |
| 2022-12-31 | NT$33.15 | NT$16.60 | x |
| 2023-12-31 | NT$32.26 | NT$16.60 | x |
| 2024-12-31 | NT$21.94 | NT$16.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosa Taffeta 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): 4.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.19%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.42x
- Recent ROE (4.04%) is below the historical average (6.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.99% | 12.20% | 0.55x | 1.80x | NT$380.07 Million |
| 2001 | 5.24% | 5.47% | 0.50x | 1.91x | NT$-925.14 Million |
| 2002 | 8.51% | 8.18% | 0.57x | 1.81x | NT$-306.19 Million |
| 2003 | 7.57% | 6.73% | 0.59x | 1.92x | NT$-510.18 Million |
| 2004 | 9.48% | 7.40% | 0.66x | 1.95x | NT$-115.19 Million |
| 2005 | 11.04% | 7.57% | 0.73x | 1.99x | NT$242.02 Million |
| 2006 | 6.96% | 8.98% | 0.51x | 1.51x | NT$-1.49 Billion |
| 2007 | 12.13% | 17.77% | 0.47x | 1.45x | NT$1.29 Billion |
| 2008 | 6.89% | 7.11% | 0.58x | 1.67x | NT$-1.36 Billion |
| 2009 | 0.18% | 0.23% | 0.50x | 1.54x | NT$-5.05 Billion |
| 2010 | 7.08% | 8.30% | 0.56x | 1.51x | NT$-1.69 Billion |
| 2011 | 3.83% | 3.91% | 0.64x | 1.53x | NT$-3.35 Billion |
| 2012 | 4.68% | 4.79% | 0.66x | 1.49x | NT$-2.74 Billion |
| 2013 | 4.15% | 4.46% | 0.62x | 1.50x | NT$-3.00 Billion |
| 2014 | 7.15% | 7.30% | 0.64x | 1.52x | NT$-1.40 Billion |
| 2015 | 5.37% | 6.60% | 0.54x | 1.52x | NT$-2.44 Billion |
| 2016 | 5.22% | 8.74% | 0.43x | 1.38x | NT$-3.19 Billion |
| 2017 | 6.17% | 10.51% | 0.43x | 1.37x | NT$-2.66 Billion |
| 2018 | 6.87% | 10.64% | 0.48x | 1.35x | NT$-2.15 Billion |
| 2019 | 8.08% | 14.11% | 0.46x | 1.26x | NT$-1.23 Billion |
| 2020 | 3.41% | 7.28% | 0.36x | 1.29x | NT$-4.05 Billion |
| 2021 | 3.44% | 6.53% | 0.40x | 1.31x | NT$-4.08 Billion |
| 2022 | 6.11% | 9.81% | 0.46x | 1.35x | NT$-2.17 Billion |
| 2023 | 0.82% | 1.56% | 0.40x | 1.32x | NT$-4.99 Billion |
| 2024 | 4.04% | 5.19% | 0.55x | 1.42x | NT$-2.20 Billion |
Industry Comparison
This section compares Formosa Taffeta Co Ltd'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 |
|---|---|---|---|---|
| Formosa Taffeta Co Ltd (1434) | NT$34.73 Billion | 11.99% | 0.46x | $404.11 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 |