Gordon Auto Body Parts Co Ltd
Gordon Auto Body Parts Co., Ltd. manufactures and sells automotive metal replacement crash parts worldwide. It offers side panels, wheel flares, tailgates, engine under covers, radiators, mirrors, hoods, handles, fenders, steel and front bumpers, and inner fenders for collision repair market. The company was incorporated in 1975 and is headquartered in Taoyuan City, Taiwan.
Gordon Auto Body Parts Co Ltd (1524) - Net Assets
Latest net assets as of September 2025: NT$2.89 Billion TWD
Based on the latest financial reports, Gordon Auto Body Parts Co Ltd (1524) has net assets worth NT$2.89 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$5.15 Billion) and total liabilities (NT$2.26 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$2.89 Billion |
| % of Total Assets | 56.07% |
| Annual Growth Rate | 3.72% |
| 5-Year Change | 40.61% |
| 10-Year Change | 64.72% |
| Growth Volatility | 6.92 |
Gordon Auto Body Parts Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Gordon Auto Body Parts 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 Gordon Auto Body Parts Co Ltd (2002–2024)
The table below shows the annual net assets of Gordon Auto Body Parts Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.10 Billion | +14.86% |
| 2023-12-31 | NT$2.70 Billion | +6.81% |
| 2022-12-31 | NT$2.53 Billion | +12.40% |
| 2021-12-31 | NT$2.25 Billion | +1.97% |
| 2020-12-31 | NT$2.20 Billion | -6.01% |
| 2019-12-31 | NT$2.34 Billion | +3.36% |
| 2018-12-31 | NT$2.27 Billion | +5.04% |
| 2017-12-31 | NT$2.16 Billion | +2.55% |
| 2016-12-31 | NT$2.11 Billion | +11.94% |
| 2015-12-31 | NT$1.88 Billion | -8.90% |
| 2014-12-31 | NT$2.07 Billion | +0.78% |
| 2013-12-31 | NT$2.05 Billion | +5.54% |
| 2012-12-31 | NT$1.94 Billion | -5.67% |
| 2011-12-31 | NT$2.06 Billion | +0.25% |
| 2010-12-31 | NT$2.05 Billion | -1.86% |
| 2009-12-31 | NT$2.09 Billion | -1.89% |
| 2008-12-31 | NT$2.13 Billion | +1.40% |
| 2007-12-31 | NT$2.10 Billion | +1.10% |
| 2006-12-31 | NT$2.08 Billion | +10.14% |
| 2005-12-31 | NT$1.89 Billion | +6.20% |
| 2004-12-31 | NT$1.78 Billion | +20.35% |
| 2003-12-31 | NT$1.48 Billion | +6.52% |
| 2002-12-31 | NT$1.39 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gordon Auto Body Parts 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 1694.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.14 Billion | 36.78% |
| Common Stock | NT$1.65 Billion | 53.35% |
| Other Comprehensive Income | NT$305.95 Million | 9.87% |
| Total Equity | NT$3.10 Billion | 100.00% |
Gordon Auto Body Parts Co Ltd Competitors by Market Cap
The table below lists competitors of Gordon Auto Body Parts Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kolibri Global Energy Inc. Common stock
NASDAQ:KGEI
|
$89.14 Million |
|
PERENNIAL ENERGY HD-01
F:PEZ
|
$89.15 Million |
|
Energi Mega Persada Tbk
JK:ENRG
|
$89.17 Million |
|
San Shing Fastech Corp
TW:5007
|
$89.19 Million |
|
PSP Projects Limited
NSE:PSPPROJECT
|
$89.12 Million |
|
Tainergy Tech Co Ltd
TW:4934
|
$89.09 Million |
|
Cubic Digital Technology Co Ltd
SHE:300344
|
$88.99 Million |
|
402490
KQ:402490
|
$88.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gordon Auto Body Parts Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,697,964,000 to 3,098,835,000, a change of 400,871,000 (14.9%).
- Net income of 597,264,000 contributed positively to equity growth.
- Dividend payments of 214,904,000 reduced retained earnings.
- Other comprehensive income increased equity by 53,211,000.
- Other factors decreased equity by 34,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$597.26 Million | +19.27% |
| Dividends Paid | NT$214.90 Million | -6.93% |
| Other Comprehensive Income | NT$53.21 Million | +1.72% |
| Other Changes | NT$-34.70 Million | -1.12% |
| Total Change | NT$- | 14.86% |
Book Value vs Market Value Analysis
This analysis compares Gordon Auto Body Parts 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: 1.55x
- 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 2.00x to 1.55x 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$14.47 | NT$29.00 | x |
| 2010-12-31 | NT$14.20 | NT$29.00 | x |
| 2011-12-31 | NT$14.24 | NT$29.00 | x |
| 2012-12-31 | NT$13.43 | NT$29.00 | x |
| 2013-12-31 | NT$13.69 | NT$29.00 | x |
| 2014-12-31 | NT$11.40 | NT$29.00 | x |
| 2015-12-31 | NT$11.38 | NT$29.00 | x |
| 2016-12-31 | NT$12.70 | NT$29.00 | x |
| 2017-12-31 | NT$13.03 | NT$29.00 | x |
| 2018-12-31 | NT$13.67 | NT$29.00 | x |
| 2019-12-31 | NT$14.14 | NT$29.00 | x |
| 2020-12-31 | NT$12.65 | NT$29.00 | x |
| 2021-12-31 | NT$13.58 | NT$29.00 | x |
| 2022-12-31 | NT$15.23 | NT$29.00 | x |
| 2023-12-31 | NT$16.28 | NT$29.00 | x |
| 2024-12-31 | NT$18.68 | NT$29.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gordon Auto Body Parts Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.81%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.69x
- Recent ROE (19.27%) is above the historical average (4.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.12% | 3.51% | 0.58x | 2.01x | NT$-81.56 Million |
| 2003 | 6.24% | 5.69% | 0.52x | 2.12x | NT$-55.50 Million |
| 2004 | 12.19% | 8.45% | 0.65x | 2.22x | NT$38.99 Million |
| 2006 | 5.45% | 3.96% | 0.58x | 2.39x | NT$-94.58 Million |
| 2007 | 3.55% | 2.32% | 0.58x | 2.64x | NT$-135.53 Million |
| 2008 | 2.90% | 1.92% | 0.59x | 2.56x | NT$-151.45 Million |
| 2009 | -1.43% | -0.91% | 0.56x | 2.81x | NT$-239.03 Million |
| 2010 | -1.79% | -1.11% | 0.60x | 2.70x | NT$-242.07 Million |
| 2011 | 0.30% | 0.19% | 0.56x | 2.75x | NT$-199.73 Million |
| 2012 | -6.26% | -4.41% | 0.52x | 2.74x | NT$-315.71 Million |
| 2013 | -2.41% | -1.99% | 0.48x | 2.52x | NT$-254.24 Million |
| 2014 | 0.32% | 0.27% | 0.51x | 2.36x | NT$-199.95 Million |
| 2015 | -10.12% | -7.66% | 0.54x | 2.46x | NT$-378.58 Million |
| 2016 | 10.49% | 8.48% | 0.54x | 2.30x | NT$10.30 Million |
| 2017 | 7.62% | 6.24% | 0.53x | 2.33x | NT$-51.37 Million |
| 2018 | 8.60% | 8.07% | 0.49x | 2.19x | NT$-31.76 Million |
| 2019 | 6.45% | 6.32% | 0.47x | 2.18x | NT$-83.15 Million |
| 2020 | 1.66% | 1.91% | 0.38x | 2.28x | NT$-183.86 Million |
| 2021 | 2.76% | 3.16% | 0.36x | 2.40x | NT$-162.66 Million |
| 2022 | 13.32% | 13.79% | 0.45x | 2.15x | NT$83.84 Million |
| 2023 | 13.03% | 13.03% | 0.51x | 1.98x | NT$81.76 Million |
| 2024 | 19.27% | 19.81% | 0.58x | 1.69x | NT$287.38 Million |
Industry Comparison
This section compares Gordon Auto Body Parts Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $5,220,308,222
- Average return on equity (ROE) among peers: 5.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gordon Auto Body Parts Co Ltd (1524) | NT$2.89 Billion | 4.12% | 0.78x | $89.13 Million |
| Tong Yang Industry Co Ltd (1319) | $21.87 Billion | 8.81% | 0.70x | $975.38 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.66 Billion | 6.42% | 0.51x | $21.83 Million |
| Hiroca Holdings Ltd (1338) | $4.24 Billion | 7.42% | 0.52x | $26.55 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.44 Billion | 8.94% | 0.84x | $26.48 Million |
| Right Way Industrial Co Ltd (1506) | $1.21 Billion | -6.78% | 1.25x | $44.86 Million |
| Jui Li Enterprise Co Ltd (1512) | $2.05 Billion | 3.24% | 0.95x | $14.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.77 Billion | 2.39% | 0.89x | $18.53 Million |
| TYC Brother Industrial Co Ltd (1522) | $6.62 Billion | 9.41% | 2.24x | $163.24 Million |
| Kian Shen Corp (1525) | $4.11 Billion | 11.02% | 0.21x | $31.62 Million |