Tri Ocean Textile Co Ltd
Triocean Industrial Corporation Co., Ltd., together with its subsidiaries, engages in the construction business in Taiwan. The company undertakes public works, solar energy engineering, social housing, private residential, and water and electrical works. It is also involved in the manufacture, processing, and trading of fibrous fabrics; and trading of construction and building materials. The comp… Read more
Tri Ocean Textile Co Ltd (1472) - Net Assets
Latest net assets as of September 2025: NT$2.22 Billion TWD
Based on the latest financial reports, Tri Ocean Textile Co Ltd (1472) has net assets worth NT$2.22 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$5.36 Billion) and total liabilities (NT$3.14 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$2.22 Billion |
| % of Total Assets | 41.42% |
| Annual Growth Rate | 2.8% |
| 5-Year Change | 678.78% |
| 10-Year Change | 508.87% |
| Growth Volatility | 62.93 |
Tri Ocean Textile Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Tri Ocean Textile 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 Tri Ocean Textile Co Ltd (2002–2024)
The table below shows the annual net assets of Tri Ocean Textile Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.03 Billion | +42.59% |
| 2023-12-31 | NT$1.42 Billion | +83.26% |
| 2022-12-31 | NT$776.76 Million | +270.60% |
| 2021-12-31 | NT$209.60 Million | -19.58% |
| 2020-12-31 | NT$260.63 Million | -44.73% |
| 2019-12-31 | NT$471.56 Million | +51.48% |
| 2018-12-31 | NT$311.30 Million | -16.39% |
| 2017-12-31 | NT$372.35 Million | -5.39% |
| 2016-12-31 | NT$393.55 Million | +18.06% |
| 2015-12-31 | NT$333.36 Million | +0.42% |
| 2014-12-31 | NT$331.98 Million | -4.91% |
| 2013-12-31 | NT$349.11 Million | -11.14% |
| 2012-12-31 | NT$392.87 Million | -18.03% |
| 2011-12-31 | NT$479.31 Million | -22.03% |
| 2010-12-31 | NT$614.74 Million | -9.03% |
| 2009-12-31 | NT$675.73 Million | -24.73% |
| 2008-12-31 | NT$897.77 Million | -23.24% |
| 2007-12-31 | NT$1.17 Billion | -8.89% |
| 2006-12-31 | NT$1.28 Billion | -3.31% |
| 2005-12-31 | NT$1.33 Billion | +0.38% |
| 2004-12-31 | NT$1.32 Billion | -4.69% |
| 2003-12-31 | NT$1.39 Billion | +25.60% |
| 2002-12-31 | NT$1.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tri Ocean Textile 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 3169.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$663.13 Million | 32.67% |
| Common Stock | NT$524.88 Million | 25.86% |
| Other Comprehensive Income | NT$85.27 Million | 4.20% |
| Other Components | NT$756.44 Million | 37.27% |
| Total Equity | NT$2.03 Billion | 100.00% |
Tri Ocean Textile Co Ltd Competitors by Market Cap
The table below lists competitors of Tri Ocean Textile Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Electra Battery Materials Corp
NASDAQ:ELBM
|
$47.78 Million |
|
Sanix Incorporated
MU:NX8
|
$47.80 Million |
|
ENIGMATIG LIMITED
NYSE MKT:EGG
|
$47.80 Million |
|
Fluent Inc
NASDAQ:FLNT
|
$47.80 Million |
|
Jagran Prakashan Limited
NSE:JAGRAN
|
$47.74 Million |
|
PT Cakra Buana Resources Energ
JK:CBRE
|
$47.72 Million |
|
Theragen Etex Co.Ltd
KQ:066700
|
$47.71 Million |
|
Zhejiang Taimei Medical Technology Co., Ltd.
F:A2V
|
$47.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tri Ocean Textile Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,423,512,000 to 2,029,719,000, a change of 606,207,000 (42.6%).
- Net income of 154,623,000 contributed positively to equity growth.
- Dividend payments of 84,976,000 reduced retained earnings.
- New share issuances of 508,500,000 increased equity.
- Other comprehensive income increased equity by 92,186,999.
- Other factors decreased equity by 64,126,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$154.62 Million | +7.62% |
| Dividends Paid | NT$84.98 Million | -4.19% |
| Share Issuances | NT$508.50 Million | +25.05% |
| Other Comprehensive Income | NT$92.19 Million | +4.54% |
| Other Changes | NT$-64.13 Million | -3.16% |
| Total Change | NT$- | 42.59% |
Book Value vs Market Value Analysis
This analysis compares Tri Ocean Textile 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: 2.11x
- 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 2.34x to 2.11x 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$38.98 | NT$91.30 | x |
| 2010-12-31 | NT$36.32 | NT$91.30 | x |
| 2011-12-31 | NT$28.05 | NT$91.30 | x |
| 2012-12-31 | NT$22.26 | NT$91.30 | x |
| 2013-12-31 | NT$19.76 | NT$91.30 | x |
| 2014-12-31 | NT$17.97 | NT$91.30 | x |
| 2015-12-31 | NT$17.67 | NT$91.30 | x |
| 2016-12-31 | NT$32.04 | NT$91.30 | x |
| 2017-12-31 | NT$29.64 | NT$91.30 | x |
| 2018-12-31 | NT$25.12 | NT$91.30 | x |
| 2019-12-31 | NT$29.82 | NT$91.30 | x |
| 2020-12-31 | NT$62.96 | NT$91.30 | x |
| 2021-12-31 | NT$8.39 | NT$91.30 | x |
| 2022-12-31 | NT$29.75 | NT$91.30 | x |
| 2023-12-31 | NT$40.92 | NT$91.30 | x |
| 2024-12-31 | NT$43.37 | NT$91.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tri Ocean Textile Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.62%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.24x
- Recent ROE (7.62%) is above the historical average (-17.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.14% | 2.94% | 0.93x | 1.52x | NT$-64.70 Million |
| 2003 | 0.03% | 0.03% | 0.79x | 1.39x | NT$-138.37 Million |
| 2009 | -31.35% | -22.32% | 0.57x | 2.47x | NT$-266.89 Million |
| 2010 | -6.82% | -2.77% | 0.87x | 2.82x | NT$-101.19 Million |
| 2011 | -33.79% | -9.66% | 1.18x | 2.98x | NT$-203.44 Million |
| 2012 | -41.65% | -18.97% | 0.67x | 3.25x | NT$-202.91 Million |
| 2013 | -23.47% | -10.24% | 0.84x | 2.72x | NT$-128.80 Million |
| 2014 | -16.69% | -6.30% | 0.95x | 2.77x | NT$-98.89 Million |
| 2015 | -9.46% | -4.71% | 0.74x | 2.71x | NT$-72.85 Million |
| 2016 | 16.69% | 8.23% | 0.82x | 2.48x | NT$26.32 Million |
| 2017 | -12.34% | -6.07% | 0.80x | 2.53x | NT$-83.18 Million |
| 2018 | -21.83% | -11.34% | 0.70x | 2.75x | NT$-99.09 Million |
| 2019 | 11.76% | 12.24% | 0.30x | 3.16x | NT$8.30 Million |
| 2020 | -163.12% | -129.18% | 0.18x | 6.89x | NT$-451.19 Million |
| 2021 | -4.16% | -1.45% | 0.33x | 8.80x | NT$-29.68 Million |
| 2022 | 0.48% | 0.32% | 0.42x | 3.55x | NT$-73.96 Million |
| 2023 | 9.97% | 7.29% | 0.73x | 1.87x | NT$-371.20K |
| 2024 | 7.62% | 6.62% | 0.51x | 2.24x | NT$-48.35 Million |
Industry Comparison
This section compares Tri Ocean Textile Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,707,839,889
- Average return on equity (ROE) among peers: 7.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tri Ocean Textile Co Ltd (1472) | NT$2.22 Billion | 4.14% | 1.41x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $83.75 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |