Makalot Industrial Co Ltd (1477) - Net Assets
Based on the latest financial reports, Makalot Industrial Co Ltd (1477) has net assets worth NT$13.08 Billion TWD (≈ $412.08 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$24.44 Billion ≈ $770.07 Million USD) and total liabilities (NT$11.36 Billion ≈ $357.99 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 Makalot Industrial Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$13.08 Billion |
| % of Total Assets | 53.51% |
| Annual Growth Rate | 10.31% |
| 5-Year Change | 2.75% |
| 10-Year Change | 62.4% |
| Growth Volatility | 14.57 |
Makalot Industrial Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Makalot Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See Makalot Industrial Co Ltd (1477) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Makalot Industrial Co Ltd (2002–2025)
The table below shows the annual net assets of Makalot Industrial Co Ltd from 2002 to 2025. For live valuation and market cap data, see how much is Makalot Industrial Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$14.17 Billion ≈ $446.56 Million |
-4.03% |
| 2024-12-31 | NT$14.77 Billion ≈ $465.30 Million |
-7.27% |
| 2023-12-31 | NT$15.93 Billion ≈ $501.78 Million |
+3.12% |
| 2022-12-31 | NT$15.45 Billion ≈ $486.60 Million |
+11.96% |
| 2021-12-31 | NT$13.80 Billion ≈ $434.63 Million |
+35.73% |
| 2020-12-31 | NT$10.16 Billion ≈ $320.23 Million |
+10.51% |
| 2019-12-31 | NT$9.20 Billion ≈ $289.78 Million |
+3.57% |
| 2018-12-31 | NT$8.88 Billion ≈ $279.79 Million |
+4.43% |
| 2017-12-31 | NT$8.50 Billion ≈ $267.93 Million |
-2.56% |
| 2016-12-31 | NT$8.73 Billion ≈ $274.98 Million |
-4.22% |
| 2015-12-31 | NT$9.11 Billion ≈ $287.08 Million |
+10.81% |
| 2014-12-31 | NT$8.22 Billion ≈ $259.08 Million |
+54.28% |
| 2013-12-31 | NT$5.33 Billion ≈ $167.93 Million |
+13.97% |
| 2012-12-31 | NT$4.68 Billion ≈ $147.35 Million |
+5.89% |
| 2011-12-31 | NT$4.42 Billion ≈ $139.15 Million |
+16.40% |
| 2010-12-31 | NT$3.79 Billion ≈ $119.55 Million |
+5.08% |
| 2009-12-31 | NT$3.61 Billion ≈ $113.77 Million |
+22.35% |
| 2008-12-31 | NT$2.95 Billion ≈ $92.98 Million |
-13.03% |
| 2007-12-31 | NT$3.39 Billion ≈ $106.91 Million |
+20.25% |
| 2006-12-31 | NT$2.82 Billion ≈ $88.91 Million |
+29.11% |
| 2005-12-31 | NT$2.19 Billion ≈ $68.86 Million |
+12.94% |
| 2004-12-31 | NT$1.94 Billion ≈ $60.97 Million |
+11.09% |
| 2003-12-31 | NT$1.74 Billion ≈ $54.89 Million |
+17.54% |
| 2002-12-31 | NT$1.48 Billion ≈ $46.70 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Makalot 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 452.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.22 Billion | 15.84% |
| Common Stock | NT$2.47 Billion | 17.56% |
| Other Comprehensive Income | NT$3.26 Billion | 23.22% |
| Other Components | NT$6.09 Billion | 43.38% |
| Total Equity | NT$14.04 Billion | 100.00% |
Makalot Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Makalot Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Encore Capital Group Inc
NASDAQ:ECPG
|
$1.72 Billion |
|
Goodyear Tire & Rubber Co
NASDAQ:GT
|
$1.72 Billion |
|
Tecan Group AG
SW:TECN
|
$1.72 Billion |
|
1st Source Corporation
NASDAQ:SRCE
|
$1.72 Billion |
|
SoftwareONE Holding AG
SW:SWON
|
$1.72 Billion |
|
Bank Ocbc Nisp Tbk
JK:NISP
|
$1.72 Billion |
|
Xgd Inc
SHE:300130
|
$1.72 Billion |
|
TBO Tek Ltd
NSE:TBOTEK
|
$1.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Makalot Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,643,567,000 to 14,044,932,000, a change of -598,635,000 (-4.1%).
- Net income of 3,614,095,000 contributed positively to equity growth.
- Dividend payments of 3,971,769,000 reduced retained earnings.
- Other comprehensive income increased equity by 67,368,001.
- Other factors decreased equity by 308,329,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.61 Billion | +25.73% |
| Dividends Paid | NT$3.97 Billion | -28.28% |
| Other Comprehensive Income | NT$67.37 Million | +0.48% |
| Other Changes | NT$-308.33 Million | -2.2% |
| Total Change | NT$- | -4.09% |
Book Value vs Market Value Analysis
This analysis compares Makalot 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: 3.95x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.07x to 3.95x 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$15.74 | NT$221.50 | x |
| 2007-12-31 | NT$18.82 | NT$221.50 | x |
| 2008-12-31 | NT$15.90 | NT$221.50 | x |
| 2009-12-31 | NT$19.05 | NT$221.50 | x |
| 2010-12-31 | NT$19.21 | NT$221.50 | x |
| 2011-12-31 | NT$22.26 | NT$221.50 | x |
| 2012-12-31 | NT$23.14 | NT$221.50 | x |
| 2013-12-31 | NT$26.21 | NT$221.50 | x |
| 2014-12-31 | NT$40.06 | NT$221.50 | x |
| 2015-12-31 | NT$41.55 | NT$221.50 | x |
| 2016-12-31 | NT$38.05 | NT$221.50 | x |
| 2017-12-31 | NT$37.18 | NT$221.50 | x |
| 2018-12-31 | NT$40.78 | NT$221.50 | x |
| 2019-12-31 | NT$40.26 | NT$221.50 | x |
| 2020-12-31 | NT$44.60 | NT$221.50 | x |
| 2021-12-31 | NT$57.59 | NT$221.50 | x |
| 2022-12-31 | NT$63.16 | NT$221.50 | x |
| 2023-12-31 | NT$63.85 | NT$221.50 | x |
| 2024-12-31 | NT$59.10 | NT$221.50 | x |
| 2025-12-31 | NT$56.07 | NT$221.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Makalot 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): 25.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.50%
- • Asset Turnover: 1.44x
- • Equity Multiplier: 1.70x
- Recent ROE (25.73%) is above the historical average (24.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 50.37% | 12.35% | 2.26x | 1.81x | NT$598.33 Million |
| 2003 | 30.73% | 6.46% | 2.58x | 1.85x | NT$361.23 Million |
| 2004 | 30.04% | 6.79% | 2.35x | 1.89x | NT$387.93 Million |
| 2005 | 26.87% | 5.65% | 2.39x | 1.99x | NT$367.89 Million |
| 2006 | 29.14% | 6.54% | 2.46x | 1.81x | NT$539.15 Million |
| 2007 | 32.58% | 7.43% | 2.53x | 1.73x | NT$764.86 Million |
| 2008 | 9.85% | 2.20% | 2.84x | 1.58x | NT$-4.38 Million |
| 2009 | 24.43% | 6.62% | 2.10x | 1.76x | NT$520.34 Million |
| 2010 | 24.22% | 6.49% | 2.22x | 1.68x | NT$539.05 Million |
| 2011 | 25.18% | 7.34% | 2.01x | 1.70x | NT$669.64 Million |
| 2012 | 25.19% | 7.41% | 1.94x | 1.75x | NT$708.75 Million |
| 2013 | 25.31% | 7.49% | 1.77x | 1.91x | NT$811.07 Million |
| 2014 | 20.78% | 8.16% | 1.74x | 1.46x | NT$884.52 Million |
| 2015 | 23.85% | 9.24% | 1.72x | 1.50x | NT$1.25 Billion |
| 2016 | 17.73% | 6.88% | 1.68x | 1.53x | NT$663.72 Million |
| 2017 | 15.31% | 5.75% | 1.78x | 1.50x | NT$446.25 Million |
| 2018 | 17.19% | 6.30% | 1.75x | 1.56x | NT$630.22 Million |
| 2019 | 20.94% | 7.04% | 1.83x | 1.62x | NT$995.01 Million |
| 2020 | 20.39% | 8.25% | 1.34x | 1.85x | NT$1.05 Billion |
| 2021 | 19.36% | 9.18% | 1.30x | 1.62x | NT$1.28 Billion |
| 2022 | 22.89% | 10.95% | 1.31x | 1.59x | NT$1.98 Billion |
| 2023 | 25.23% | 12.30% | 1.30x | 1.57x | NT$2.41 Billion |
| 2024 | 28.10% | 11.58% | 1.53x | 1.58x | NT$2.65 Billion |
| 2025 | 25.73% | 10.50% | 1.44x | 1.70x | NT$2.21 Billion |
Industry Comparison
This section compares Makalot 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: $1,965,456,889
- Average return on equity (ROE) among peers: 4.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Makalot Industrial Co Ltd (1477) | NT$13.08 Billion | 50.37% | 0.87x | $1.72 Billion |
| Tah Hsin Industrial Corp (1315) | $6.18 Billion | 3.41% | 0.37x | $187.50 Million |
| Tex-Ray Industrial Co Ltd (1467) | $1.30 Billion | 4.94% | 1.51x | $53.58 Million |
| Tainan Enterprises Co Ltd (1473) | $3.05 Billion | -4.42% | 0.71x | $93.01 Million |
| Eclat Textile Co Ltd (1476) | $2.81 Billion | 6.84% | 0.82x | $2.83 Billion |
| Munsin Garment (2916) | $992.33 Million | 13.87% | 0.31x | $85.11 Million |
| Cayman Tung Ling Co Ltd (2924) | $236.26 Million | -52.63% | 1.15x | $28.44 Million |
| TOPBI International Holdings Ltd (2929) | $979.25 Million | 37.75% | 0.86x | $20.70 Million |
| Roo Hsing Co Ltd (4414) | $650.23 Million | 12.32% | 3.30x | $70.14 Million |
| Hakers Enterprise Co Ltd (4432) | $1.49 Billion | 17.49% | 0.31x | $25.90 Million |
About Makalot Industrial Co Ltd
Makalot Industrial Co., Ltd. operates as an apparel manufacturer in the United States and internationally. It offers ready to wear, active wear, sleepwear and loungewear, gift sets, and smart apparel. The company was incorporated in 1990 and is based in Taipei, Taiwan.