Right Way Industrial Co Ltd
Right Way Industrial Co.,Ltd manufactures and sells automobile parts worldwide. The company offers various casting and forging parts with steel or aluminum alloy materials, including pistons, connecting rods, steering knuckles and system parts, suspension control arms, industrial compressor housings, industrial pump chambers, die casting parts, cast iron parts, balance shafts, and suspension comp… Read more
Right Way Industrial Co Ltd (1506) - Net Assets
Latest net assets as of September 2025: NT$2.85 Billion TWD
Based on the latest financial reports, Right Way Industrial Co Ltd (1506) has net assets worth NT$2.85 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$3.22 Billion) and total liabilities (NT$370.80 Million). 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$2.85 Billion |
| % of Total Assets | 88.5% |
| Annual Growth Rate | 3.86% |
| 5-Year Change | 208.94% |
| 10-Year Change | 106.91% |
| Growth Volatility | 27.24 |
Right Way Industrial Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Right Way Industrial 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 Right Way Industrial Co Ltd (2000–2024)
The table below shows the annual net assets of Right Way Industrial Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.79 Billion | -0.08% |
| 2023-12-31 | NT$2.79 Billion | +16.27% |
| 2022-12-31 | NT$2.40 Billion | +121.15% |
| 2021-12-31 | NT$1.09 Billion | +20.24% |
| 2020-12-31 | NT$902.84 Million | +2.37% |
| 2019-12-31 | NT$881.93 Million | -29.97% |
| 2018-12-31 | NT$1.26 Billion | -4.48% |
| 2017-12-31 | NT$1.32 Billion | +0.56% |
| 2016-12-31 | NT$1.31 Billion | -2.75% |
| 2015-12-31 | NT$1.35 Billion | -0.62% |
| 2014-12-31 | NT$1.36 Billion | +0.47% |
| 2013-12-31 | NT$1.35 Billion | -8.72% |
| 2012-12-31 | NT$1.48 Billion | +16.88% |
| 2011-12-31 | NT$1.27 Billion | +4.37% |
| 2010-12-31 | NT$1.21 Billion | +26.40% |
| 2009-12-31 | NT$959.25 Million | -11.97% |
| 2008-12-31 | NT$1.09 Billion | -14.56% |
| 2007-12-31 | NT$1.28 Billion | -3.08% |
| 2006-12-31 | NT$1.32 Billion | -2.27% |
| 2005-12-31 | NT$1.35 Billion | +12.38% |
| 2004-12-31 | NT$1.20 Billion | +17.11% |
| 2003-12-31 | NT$1.02 Billion | -8.55% |
| 2002-12-31 | NT$1.12 Billion | -15.23% |
| 2001-12-31 | NT$1.32 Billion | +17.45% |
| 2000-12-31 | NT$1.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Right Way 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 decreased by 120310.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$3.00 Billion | 110.59% |
| Other Comprehensive Income | NT$-199.94 Million | -7.36% |
| Other Components | NT$421.89 Million | 15.53% |
| Total Equity | NT$2.72 Billion | 100.00% |
Right Way Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Right Way Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aquafil S.p.A
OTCQX:ECNLF
|
$45.06 Million |
|
Impact BioMedical, Inc.
NYSE MKT:IBO
|
$45.11 Million |
|
Dalmia Bharat Sugar and Industries Limited
NSE:DALMIASUG
|
$45.16 Million |
|
UPDATER SERVICES LIMITED
NSE:UDS
|
$45.17 Million |
|
Barem Ambalaj Sanayi ve Ticaret a.s.
IS:BARMA
|
$45.05 Million |
|
Coxon Precise Industrial Co Ltd
TW:3607
|
$45.04 Million |
|
Southern Rubber Industry JSC
VN:CSM
|
$45.04 Million |
|
SunWay Biotech Co., LTD.
TWO:1271
|
$45.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Right Way Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,723,441,000 to 2,716,150,000, a change of -7,291,000 (-0.3%).
- Net income of 41,721,000 contributed positively to equity growth.
- New share issuances of 79,000 increased equity.
- Other comprehensive income decreased equity by 60,708,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$41.72 Million | +1.54% |
| Share Issuances | NT$79.00K | +0.0% |
| Other Comprehensive Income | NT$-60.71 Million | -2.24% |
| Other Changes | NT$11.62 Million | +0.43% |
| Total Change | NT$- | -0.27% |
Book Value vs Market Value Analysis
This analysis compares Right Way 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: 1.27x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$9.34 | NT$11.45 | x |
| 2010-12-31 | NT$11.20 | NT$11.45 | x |
| 2011-12-31 | NT$9.91 | NT$11.45 | x |
| 2012-12-31 | NT$12.19 | NT$11.45 | x |
| 2013-12-31 | NT$9.72 | NT$11.45 | x |
| 2014-12-31 | NT$9.81 | NT$11.45 | x |
| 2015-12-31 | NT$9.94 | NT$11.45 | x |
| 2016-12-31 | NT$9.69 | NT$11.45 | x |
| 2017-12-31 | NT$9.71 | NT$11.45 | x |
| 2018-12-31 | NT$8.82 | NT$11.45 | x |
| 2019-12-31 | NT$6.27 | NT$11.45 | x |
| 2020-12-31 | NT$5.68 | NT$11.45 | x |
| 2021-12-31 | NT$6.30 | NT$11.45 | x |
| 2022-12-31 | NT$10.63 | NT$11.45 | x |
| 2023-12-31 | NT$9.09 | NT$11.45 | x |
| 2024-12-31 | NT$9.04 | NT$11.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Right Way Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.02%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.17x
- Recent ROE (1.54%) is above the historical average (-5.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.13% | 0.15% | 0.40x | 2.31x | NT$-110.86 Million |
| 2004 | 2.31% | 2.13% | 0.36x | 3.00x | NT$-78.62 Million |
| 2005 | 0.49% | 0.44% | 0.39x | 2.87x | NT$-106.28 Million |
| 2009 | -17.54% | -10.86% | 0.41x | 3.96x | NT$-200.42 Million |
| 2010 | -8.39% | -5.61% | 0.54x | 2.79x | NT$-180.12 Million |
| 2011 | 4.21% | 2.75% | 0.54x | 2.85x | NT$-60.50 Million |
| 2012 | -5.46% | -4.51% | 0.64x | 1.90x | NT$-201.68 Million |
| 2013 | -6.83% | -5.84% | 0.62x | 1.88x | NT$-206.42 Million |
| 2014 | 1.05% | 0.83% | 0.66x | 1.91x | NT$-110.80 Million |
| 2015 | 2.79% | 2.26% | 0.56x | 2.19x | NT$-90.49 Million |
| 2016 | 1.65% | 1.28% | 0.58x | 2.20x | NT$-102.31 Million |
| 2017 | -1.23% | -1.11% | 0.46x | 2.40x | NT$-137.58 Million |
| 2018 | -10.45% | -9.69% | 0.40x | 2.68x | NT$-228.15 Million |
| 2019 | -46.16% | -31.20% | 0.43x | 3.43x | NT$-446.66 Million |
| 2020 | -43.39% | -43.27% | 0.37x | 2.68x | NT$-455.72 Million |
| 2021 | 4.15% | 4.03% | 0.44x | 2.35x | NT$-60.48 Million |
| 2022 | 4.08% | 8.34% | 0.40x | 1.21x | NT$-137.98 Million |
| 2023 | 3.18% | 7.60% | 0.36x | 1.17x | NT$-185.68 Million |
| 2024 | 1.54% | 4.02% | 0.33x | 1.17x | NT$-229.89 Million |
Industry Comparison
This section compares Right Way Industrial Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,348,564,556
- Average return on equity (ROE) among peers: -17.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Right Way Industrial Co Ltd (1506) | NT$2.85 Billion | 0.13% | 0.13x | $45.05 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |