Tex-Ray Industrial Co Ltd (1467) - Net Assets
Based on the latest financial reports, Tex-Ray Industrial Co Ltd (1467) has net assets worth NT$2.76 Billion TWD (≈ $86.89 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$8.57 Billion ≈ $270.04 Million USD) and total liabilities (NT$5.81 Billion ≈ $183.15 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. Check 1467 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.76 Billion |
| % of Total Assets | 32.18% |
| Annual Growth Rate | 3.87% |
| 5-Year Change | -10.08% |
| 10-Year Change | 9.2% |
| Growth Volatility | 14.24 |
Tex-Ray Industrial Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Tex-Ray Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 1467 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Tex-Ray Industrial Co Ltd (2002–2024)
The table below shows the annual net assets of Tex-Ray Industrial Co Ltd from 2002 to 2024. For live valuation and market cap data, see Tex-Ray Industrial Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.00 Billion ≈ $94.39 Million |
+3.22% |
| 2023-12-31 | NT$2.90 Billion ≈ $91.45 Million |
-9.83% |
| 2022-12-31 | NT$3.22 Billion ≈ $101.41 Million |
+3.61% |
| 2021-12-31 | NT$3.11 Billion ≈ $97.88 Million |
-6.76% |
| 2020-12-31 | NT$3.33 Billion ≈ $104.98 Million |
+29.69% |
| 2019-12-31 | NT$2.57 Billion ≈ $80.94 Million |
+1.34% |
| 2018-12-31 | NT$2.54 Billion ≈ $79.87 Million |
+14.33% |
| 2017-12-31 | NT$2.22 Billion ≈ $69.86 Million |
-7.28% |
| 2016-12-31 | NT$2.39 Billion ≈ $75.34 Million |
-12.84% |
| 2015-12-31 | NT$2.74 Billion ≈ $86.45 Million |
-12.38% |
| 2014-12-31 | NT$3.13 Billion ≈ $98.66 Million |
+31.99% |
| 2013-12-31 | NT$2.37 Billion ≈ $74.75 Million |
-8.63% |
| 2012-12-31 | NT$2.60 Billion ≈ $81.80 Million |
+8.32% |
| 2011-12-31 | NT$2.40 Billion ≈ $75.52 Million |
+24.47% |
| 2010-12-31 | NT$1.93 Billion ≈ $60.67 Million |
+2.42% |
| 2009-12-31 | NT$1.88 Billion ≈ $59.24 Million |
+5.81% |
| 2008-12-31 | NT$1.78 Billion ≈ $55.98 Million |
-15.49% |
| 2007-12-31 | NT$2.10 Billion ≈ $66.25 Million |
+0.47% |
| 2006-12-31 | NT$2.09 Billion ≈ $65.93 Million |
+11.91% |
| 2005-12-31 | NT$1.87 Billion ≈ $58.92 Million |
+14.03% |
| 2004-12-31 | NT$1.64 Billion ≈ $51.67 Million |
-3.44% |
| 2003-12-31 | NT$1.70 Billion ≈ $53.51 Million |
+30.79% |
| 2002-12-31 | NT$1.30 Billion ≈ $40.91 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tex-Ray Industrial 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 151.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$205.14 Million | 7.10% |
| Other Components | NT$2.69 Billion | 92.90% |
| Total Equity | NT$2.89 Billion | 100.00% |
Tex-Ray Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Tex-Ray Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canterra Minerals Corporation
V:CTM
|
$52.49 Million |
|
Beforepay Group Ltd
AU:B4P
|
$52.50 Million |
|
Sam Jung Pulp
KO:009770
|
$52.52 Million |
|
GenoFocus Inc
KQ:187420
|
$52.52 Million |
|
Aerodrome Group Ltd
TA:ARDM
|
$52.47 Million |
|
PT Indo Boga Sukses Tbk
JK:IBOS
|
$52.46 Million |
|
Better World Green Public Company Limited
BK:BWG
|
$52.44 Million |
|
MNC Vision Networks PT
JK:IPTV
|
$52.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tex-Ray Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,764,513,000 to 2,890,257,000, a change of 125,744,000 (4.5%).
- Net income of 108,340,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 79,678,000.
- Other factors increased equity by 97,082,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$108.34 Million | +3.75% |
| Other Comprehensive Income | NT$-79.68 Million | -2.76% |
| Other Changes | NT$97.08 Million | +3.36% |
| Total Change | NT$- | 4.55% |
Book Value vs Market Value Analysis
This analysis compares Tex-Ray Industrial 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: 0.58x
- 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 0.70x to 0.58x 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$10.21 | NT$7.13 | x |
| 2010-12-31 | NT$10.53 | NT$7.13 | x |
| 2011-12-31 | NT$11.25 | NT$7.13 | x |
| 2012-12-31 | NT$11.43 | NT$7.13 | x |
| 2013-12-31 | NT$11.12 | NT$7.13 | x |
| 2014-12-31 | NT$12.86 | NT$7.13 | x |
| 2015-12-31 | NT$10.51 | NT$7.13 | x |
| 2016-12-31 | NT$10.88 | NT$7.13 | x |
| 2017-12-31 | NT$10.02 | NT$7.13 | x |
| 2018-12-31 | NT$11.40 | NT$7.13 | x |
| 2019-12-31 | NT$10.47 | NT$7.13 | x |
| 2020-12-31 | NT$13.64 | NT$7.13 | x |
| 2021-12-31 | NT$12.56 | NT$7.13 | x |
| 2022-12-31 | NT$13.10 | NT$7.13 | x |
| 2023-12-31 | NT$11.83 | NT$7.13 | x |
| 2024-12-31 | NT$12.37 | NT$7.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tex-Ray Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.15%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 3.02x
- Recent ROE (3.75%) is above the historical average (3.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.94% | 1.69% | 1.16x | 2.51x | NT$-65.76 Million |
| 2003 | 9.64% | 5.13% | 1.01x | 1.87x | NT$-6.14 Million |
| 2004 | 8.58% | 3.34% | 1.32x | 1.94x | NT$-23.36 Million |
| 2006 | 10.98% | 3.84% | 1.33x | 2.15x | NT$19.90 Million |
| 2007 | 4.17% | 1.32% | 1.35x | 2.34x | NT$-117.88 Million |
| 2009 | 4.90% | 1.33% | 1.24x | 2.98x | NT$-87.65 Million |
| 2010 | 9.36% | 2.38% | 1.18x | 3.33x | NT$-11.36 Million |
| 2011 | 8.06% | 2.01% | 1.10x | 3.64x | NT$-35.98 Million |
| 2012 | 9.31% | 2.52% | 1.09x | 3.38x | NT$-13.33 Million |
| 2013 | 9.00% | 2.33% | 1.15x | 3.36x | NT$-18.72 Million |
| 2014 | 4.41% | 1.55% | 0.99x | 2.86x | NT$-141.61 Million |
| 2015 | 0.11% | 0.04% | 0.99x | 3.14x | NT$-218.57 Million |
| 2016 | 0.67% | 0.21% | 1.05x | 2.95x | NT$-213.65 Million |
| 2017 | -3.64% | -1.06% | 1.07x | 3.23x | NT$-287.23 Million |
| 2018 | -2.51% | -0.82% | 1.04x | 2.95x | NT$-301.79 Million |
| 2019 | -7.05% | -2.48% | 0.99x | 2.86x | NT$-417.01 Million |
| 2020 | 5.27% | 1.96% | 1.06x | 2.54x | NT$-150.68 Million |
| 2021 | -1.46% | -0.64% | 0.77x | 2.94x | NT$-336.22 Million |
| 2022 | -1.36% | -0.68% | 0.71x | 2.83x | NT$-347.64 Million |
| 2023 | -6.00% | -3.64% | 0.55x | 2.99x | NT$-442.21 Million |
| 2024 | 3.75% | 2.15% | 0.58x | 3.02x | NT$-180.69 Million |
Industry Comparison
This section compares Tex-Ray Industrial Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,779,404,444
- Average return on equity (ROE) among peers: -4.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tex-Ray Industrial Co Ltd (1467) | NT$2.76 Billion | 4.94% | 2.11x | $52.48 Million |
| Tah Hsin Industrial Corp (1315) | $3.23 Billion | 4.77% | 0.58x | $185.99 Million |
| Tainan Enterprises Co Ltd (1473) | $4.63 Billion | 6.00% | 0.56x | $95.09 Million |
| Eclat Textile Co Ltd (1476) | $4.47 Billion | 26.47% | 0.64x | $2.97 Billion |
| Makalot Industrial Co Ltd (1477) | $5.33 Billion | 25.16% | 0.89x | $1.72 Billion |
| Munsin Garment (2916) | $915.83 Million | 9.10% | 0.38x | $90.71 Million |
| Cayman Tung Ling Co Ltd (2924) | $474.68 Million | -12.83% | 1.02x | $35.33 Million |
| TOPBI International Holdings Ltd (2929) | $3.49 Billion | -64.04% | 0.66x | $19.04 Million |
| Roo Hsing Co Ltd (4414) | $1.14 Billion | -42.53% | 1.54x | $83.11 Million |
| Hakers Enterprise Co Ltd (4432) | $1.33 Billion | 4.42% | 0.28x | $22.55 Million |
About Tex-Ray Industrial Co Ltd
Tex-Ray Industrial Co., Ltd. engages in weaving, manufacturing, processing, dyeing, spinning, finishing, printing, and trading of cottons, fibers, textiles, and yarns. It also involved in the processing and trading of garments; and ultrasonic cleaning and supercritical cleaning business and extraction businesses. It has operations in Taiwan, the United States, China, Vietnam, Asia, Mexico, Africa… Read more