Tainan Spinning Co Ltd (1440) - Net Assets
Based on the latest financial reports, Tainan Spinning Co Ltd (1440) has net assets worth NT$27.77 Billion TWD (≈ $874.88 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$45.21 Billion ≈ $1.42 Billion USD) and total liabilities (NT$17.44 Billion ≈ $549.54 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. Check 1440 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$27.77 Billion |
| % of Total Assets | 61.42% |
| Annual Growth Rate | 1.9% |
| 5-Year Change | 16.54% |
| 10-Year Change | 11.97% |
| Growth Volatility | 5.07 |
Tainan Spinning Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Tainan Spinning Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 1440 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Tainan Spinning Co Ltd (2000–2024)
The table below shows the annual net assets of Tainan Spinning Co Ltd from 2000 to 2024. For live valuation and market cap data, see market cap of Tainan Spinning Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$29.46 Billion ≈ $928.09 Million |
-1.25% |
| 2023-12-31 | NT$29.83 Billion ≈ $939.87 Million |
+6.90% |
| 2022-12-31 | NT$27.91 Billion ≈ $879.22 Million |
-0.24% |
| 2021-12-31 | NT$27.98 Billion ≈ $881.38 Million |
+10.67% |
| 2020-12-31 | NT$25.28 Billion ≈ $796.39 Million |
+2.29% |
| 2019-12-31 | NT$24.71 Billion ≈ $778.55 Million |
-1.67% |
| 2018-12-31 | NT$25.13 Billion ≈ $791.81 Million |
+0.01% |
| 2017-12-31 | NT$25.13 Billion ≈ $791.70 Million |
-1.32% |
| 2016-12-31 | NT$25.46 Billion ≈ $802.28 Million |
-3.21% |
| 2015-12-31 | NT$26.31 Billion ≈ $828.89 Million |
+2.37% |
| 2014-12-31 | NT$25.70 Billion ≈ $809.72 Million |
-0.95% |
| 2013-12-31 | NT$25.95 Billion ≈ $817.46 Million |
+6.96% |
| 2012-12-31 | NT$24.26 Billion ≈ $764.26 Million |
+3.10% |
| 2011-12-31 | NT$23.53 Billion ≈ $741.29 Million |
-0.94% |
| 2010-12-31 | NT$23.75 Billion ≈ $748.35 Million |
+5.42% |
| 2009-12-31 | NT$22.53 Billion ≈ $709.84 Million |
+7.75% |
| 2008-12-31 | NT$20.91 Billion ≈ $658.76 Million |
-10.41% |
| 2007-12-31 | NT$23.34 Billion ≈ $735.28 Million |
+4.98% |
| 2006-12-31 | NT$22.23 Billion ≈ $700.37 Million |
+5.72% |
| 2005-12-31 | NT$21.03 Billion ≈ $662.46 Million |
+12.91% |
| 2004-12-31 | NT$18.62 Billion ≈ $586.73 Million |
+0.65% |
| 2003-12-31 | NT$18.50 Billion ≈ $582.93 Million |
-0.40% |
| 2002-12-31 | NT$18.58 Billion ≈ $585.28 Million |
+4.26% |
| 2001-12-31 | NT$17.82 Billion ≈ $561.38 Million |
-5.08% |
| 2000-12-31 | NT$18.77 Billion ≈ $591.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tainan Spinning 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 631.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.07 Billion | 13.97% |
| Other Components | NT$25.07 Billion | 86.03% |
| Total Equity | NT$29.14 Billion | 100.00% |
Tainan Spinning Co Ltd Competitors by Market Cap
The table below lists competitors of Tainan Spinning Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ECOVE Environment Corp
TWO:6803
|
$660.36 Million |
|
MLP Group S.A.
WAR:MLG
|
$660.38 Million |
|
Youyou Foods Co Ltd
SHG:603697
|
$660.90 Million |
|
Beijing Hualian Department Store Co Ltd
SHE:000882
|
$660.93 Million |
|
Shenzhen King Explorer Science and Technology Corp Class A
SHE:002917
|
$660.25 Million |
|
Ningbo Baosi Energy Equipment Co Ltd
SHE:300441
|
$660.09 Million |
|
JK Paper Limited
NSE:JKPAPER
|
$659.99 Million |
|
Garware Technical Fibres Limited
NSE:GARFIBRES
|
$659.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tainan Spinning Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,462,405,000 to 29,136,259,000, a change of -326,146,000 (-1.1%).
- Net loss of 558,100,000 reduced equity.
- Dividend payments of 579,886,000 reduced retained earnings.
- Other comprehensive income decreased equity by 79,852,999.
- Other factors increased equity by 891,692,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-558.10 Million | -1.92% |
| Dividends Paid | NT$579.89 Million | -1.99% |
| Other Comprehensive Income | NT$-79.85 Million | -0.27% |
| Other Changes | NT$891.69 Million | +3.06% |
| Total Change | NT$- | -1.11% |
Book Value vs Market Value Analysis
This analysis compares Tainan Spinning 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: 0.72x
- 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 1.11x to 0.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$11.35 | NT$12.65 | x |
| 2007-12-31 | NT$11.93 | NT$12.65 | x |
| 2008-12-31 | NT$10.70 | NT$12.65 | x |
| 2009-12-31 | NT$13.55 | NT$12.65 | x |
| 2010-12-31 | NT$14.26 | NT$12.65 | x |
| 2011-12-31 | NT$14.13 | NT$12.65 | x |
| 2012-12-31 | NT$14.61 | NT$12.65 | x |
| 2013-12-31 | NT$15.45 | NT$12.65 | x |
| 2014-12-31 | NT$15.16 | NT$12.65 | x |
| 2015-12-31 | NT$15.65 | NT$12.65 | x |
| 2016-12-31 | NT$15.09 | NT$12.65 | x |
| 2017-12-31 | NT$15.06 | NT$12.65 | x |
| 2018-12-31 | NT$15.06 | NT$12.65 | x |
| 2019-12-31 | NT$14.80 | NT$12.65 | x |
| 2020-12-31 | NT$15.12 | NT$12.65 | x |
| 2021-12-31 | NT$16.71 | NT$12.65 | x |
| 2022-12-31 | NT$16.64 | NT$12.65 | x |
| 2023-12-31 | NT$17.75 | NT$12.65 | x |
| 2024-12-31 | NT$17.59 | NT$12.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tainan Spinning Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.25%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.68x
- Recent ROE (-1.92%) is below the historical average (3.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.08% | 0.12% | 0.38x | 1.65x | NT$-1.86 Billion |
| 2002 | 4.04% | 6.04% | 0.41x | 1.61x | NT$-1.11 Billion |
| 2003 | 4.89% | 6.59% | 0.45x | 1.64x | NT$-946.15 Million |
| 2004 | 4.45% | 4.58% | 0.61x | 1.60x | NT$-1.03 Billion |
| 2005 | 0.10% | 0.12% | 0.57x | 1.47x | NT$-2.08 Billion |
| 2006 | 2.04% | 2.92% | 0.50x | 1.41x | NT$-1.76 Billion |
| 2007 | 7.33% | 10.18% | 0.52x | 1.38x | NT$-620.95 Million |
| 2008 | -1.13% | -1.49% | 0.53x | 1.44x | NT$-2.32 Billion |
| 2009 | 4.26% | 5.59% | 0.56x | 1.36x | NT$-1.29 Billion |
| 2010 | 11.16% | 11.61% | 0.70x | 1.38x | NT$274.78 Million |
| 2011 | 2.37% | 2.27% | 0.77x | 1.35x | NT$-1.79 Billion |
| 2012 | 2.76% | 3.06% | 0.68x | 1.32x | NT$-1.75 Billion |
| 2013 | 4.73% | 5.63% | 0.59x | 1.42x | NT$-1.35 Billion |
| 2014 | 1.89% | 2.29% | 0.52x | 1.58x | NT$-2.04 Billion |
| 2015 | 4.79% | 5.75% | 0.53x | 1.58x | NT$-1.34 Billion |
| 2016 | 2.31% | 2.97% | 0.48x | 1.63x | NT$-1.93 Billion |
| 2017 | 3.01% | 3.57% | 0.49x | 1.71x | NT$-1.74 Billion |
| 2018 | 4.29% | 4.29% | 0.57x | 1.77x | NT$-1.43 Billion |
| 2019 | 0.37% | 0.40% | 0.51x | 1.82x | NT$-2.36 Billion |
| 2020 | 3.73% | 5.31% | 0.38x | 1.87x | NT$-1.57 Billion |
| 2021 | 10.55% | 14.49% | 0.40x | 1.81x | NT$152.61 Million |
| 2022 | 4.19% | 5.27% | 0.44x | 1.82x | NT$-1.60 Billion |
| 2023 | 7.13% | 10.81% | 0.38x | 1.76x | NT$-844.39 Million |
| 2024 | -1.92% | -3.25% | 0.35x | 1.68x | NT$-3.47 Billion |
Industry Comparison
This section compares Tainan Spinning Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $22,148,862,600
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tainan Spinning Co Ltd (1440) | NT$27.77 Billion | 0.08% | 0.63x | $660.31 Million |
| San Fang Chemical Industry Co Ltd (1307) | $7.65 Billion | 1.52% | 0.93x | $397.31 Million |
| Universal Inc (1325) | $1.60 Billion | 11.31% | 0.14x | $70.39 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.27 Billion | 23.39% | 0.86x | $101.90 Million |
| Cathay Consolidated Inc (1342) | $936.36 Million | 19.28% | 0.62x | $229.70 Million |
| Far Eastern New Century Corp (1402) | $171.83 Billion | 5.07% | 0.97x | $4.34 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $32.72 Billion | 2.29% | 2.96x | $854.13 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 7.34% | 0.21x | $53.81 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $1.23 Billion | 8.07% | 1.17x | $39.67 Million |
| Tung Ho Textile Co Ltd (1414) | $1.80 Billion | 0.00% | 2.40x | $103.86 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $1.20 Billion | -3.01% | 1.03x | $32.85 Million |
About Tainan Spinning Co Ltd
Tainan Spinning Co., Ltd. engages in the manufacture and sale of various textile products and synthetic fiber materials in Taiwan, Mainland China, Vietnam, and internationally. It offers yarns, polyester fiber, polyester filament yarn, draw textured yarn, polyester chips, fiber/filament DM, and yarns DM. The company is also involved in the land development; professional investment; department sto… Read more