Chang Type Industrial Co Ltd (1541) - Net Assets
Based on the latest financial reports, Chang Type Industrial Co Ltd (1541) has net assets worth NT$2.02 Billion TWD (≈ $63.74 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$3.28 Billion ≈ $103.40 Million USD) and total liabilities (NT$1.26 Billion ≈ $39.66 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 1541 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.02 Billion |
| % of Total Assets | 61.65% |
| Annual Growth Rate | 4.35% |
| 5-Year Change | 16.28% |
| 10-Year Change | 67.25% |
| Growth Volatility | 10.66 |
Chang Type Industrial Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Chang Type Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Chang Type Industrial Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Chang Type Industrial Co Ltd (2002–2024)
The table below shows the annual net assets of Chang Type Industrial Co Ltd from 2002 to 2024. For live valuation and market cap data, see 1541 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.99 Billion ≈ $62.81 Million |
+4.31% |
| 2023-12-31 | NT$1.91 Billion ≈ $60.21 Million |
+1.88% |
| 2022-12-31 | NT$1.88 Billion ≈ $59.10 Million |
+6.08% |
| 2021-12-31 | NT$1.77 Billion ≈ $55.71 Million |
+3.14% |
| 2020-12-31 | NT$1.71 Billion ≈ $54.01 Million |
+34.21% |
| 2019-12-31 | NT$1.28 Billion ≈ $40.25 Million |
+15.13% |
| 2018-12-31 | NT$1.11 Billion ≈ $34.96 Million |
-2.86% |
| 2017-12-31 | NT$1.14 Billion ≈ $35.99 Million |
-10.64% |
| 2016-12-31 | NT$1.28 Billion ≈ $40.27 Million |
+7.24% |
| 2015-12-31 | NT$1.19 Billion ≈ $37.55 Million |
+14.56% |
| 2014-12-31 | NT$1.04 Billion ≈ $32.78 Million |
+18.72% |
| 2013-12-31 | NT$876.37 Million ≈ $27.61 Million |
-2.37% |
| 2012-12-31 | NT$897.62 Million ≈ $28.28 Million |
-8.22% |
| 2011-12-31 | NT$978.03 Million ≈ $30.81 Million |
-0.53% |
| 2010-12-31 | NT$983.24 Million ≈ $30.98 Million |
-3.05% |
| 2009-12-31 | NT$1.01 Billion ≈ $31.95 Million |
+20.52% |
| 2008-12-31 | NT$841.48 Million ≈ $26.51 Million |
+3.41% |
| 2007-12-31 | NT$813.77 Million ≈ $25.64 Million |
+10.97% |
| 2006-12-31 | NT$733.32 Million ≈ $23.10 Million |
+1.67% |
| 2005-12-31 | NT$721.31 Million ≈ $22.73 Million |
-11.09% |
| 2004-12-31 | NT$811.32 Million ≈ $25.56 Million |
-2.91% |
| 2003-12-31 | NT$835.68 Million ≈ $26.33 Million |
+6.99% |
| 2002-12-31 | NT$781.09 Million ≈ $24.61 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Chang Type 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 510.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$832.52 Million | 41.76% |
| Common Stock | NT$788.00 Million | 39.53% |
| Other Comprehensive Income | NT$371.71 Million | 18.65% |
| Other Components | NT$1.36 Million | 0.07% |
| Total Equity | NT$1.99 Billion | 100.00% |
Chang Type Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Chang Type Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Talaad Thai Leasehold Property Fund
BK:TTLPF
|
$59.47 Million |
|
InBioGen Co Ltd
KO:101140
|
$59.48 Million |
|
Frontier Nuclear and Minerals Inc.
NASDAQ:FNUC
|
$59.48 Million |
|
RTG Mining Inc
AU:RTG
|
$59.52 Million |
|
Quartiers Properties AB (publ)
ST:QUART-PREF
|
$59.46 Million |
|
Powertech Industrial Co Ltd
TW:3296
|
$59.42 Million |
|
Inta Bina Group Bhd
KLSE:0192
|
$59.42 Million |
|
Equus Energy Ltd
AU:EQU
|
$59.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chang Type Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,911,182,000 to 1,993,599,000, a change of 82,417,000 (4.3%).
- Net income of 83,704,000 contributed positively to equity growth.
- Dividend payments of 39,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 47,197,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$83.70 Million | +4.2% |
| Dividends Paid | NT$39.40 Million | -1.98% |
| Other Comprehensive Income | NT$47.20 Million | +2.37% |
| Other Changes | NT$-9.08 Million | -0.46% |
| Total Change | NT$- | 4.31% |
Book Value vs Market Value Analysis
This analysis compares Chang Type 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: 0.95x
- 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 1.85x to 0.95x 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$12.92 | NT$23.95 | x |
| 2010-12-31 | NT$12.51 | NT$23.95 | x |
| 2011-12-31 | NT$12.41 | NT$23.95 | x |
| 2012-12-31 | NT$11.39 | NT$23.95 | x |
| 2013-12-31 | NT$11.12 | NT$23.95 | x |
| 2014-12-31 | NT$13.20 | NT$23.95 | x |
| 2015-12-31 | NT$15.13 | NT$23.95 | x |
| 2016-12-31 | NT$16.22 | NT$23.95 | x |
| 2017-12-31 | NT$14.50 | NT$23.95 | x |
| 2018-12-31 | NT$14.08 | NT$23.95 | x |
| 2019-12-31 | NT$16.21 | NT$23.95 | x |
| 2020-12-31 | NT$21.76 | NT$23.95 | x |
| 2021-12-31 | NT$22.44 | NT$23.95 | x |
| 2022-12-31 | NT$23.81 | NT$23.95 | x |
| 2023-12-31 | NT$24.25 | NT$23.95 | x |
| 2024-12-31 | NT$25.26 | NT$23.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chang Type 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): 4.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.80%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.58x
- Recent ROE (4.20%) is below the historical average (10.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 17.44% | 8.85% | 1.39x | 1.41x | NT$58.15 Million |
| 2003 | 13.18% | 6.08% | 0.90x | 2.40x | NT$26.55 Million |
| 2004 | 7.80% | 3.92% | 0.80x | 2.48x | NT$-17.87 Million |
| 2006 | 1.64% | 0.80% | 1.02x | 2.02x | NT$-61.32 Million |
| 2007 | 9.68% | 4.25% | 1.47x | 1.55x | NT$-2.64 Million |
| 2008 | 4.52% | 2.55% | 1.45x | 1.22x | NT$-46.10 Million |
| 2009 | 17.02% | 11.43% | 1.18x | 1.26x | NT$71.23 Million |
| 2010 | 4.00% | 3.03% | 1.11x | 1.19x | NT$-59.04 Million |
| 2011 | -0.40% | -0.27% | 0.88x | 1.72x | NT$-101.76 Million |
| 2012 | -9.02% | -5.09% | 1.10x | 1.61x | NT$-170.74 Million |
| 2013 | -2.60% | -1.24% | 1.03x | 2.04x | NT$-110.40 Million |
| 2014 | 15.60% | 6.04% | 1.28x | 2.02x | NT$58.28 Million |
| 2015 | 23.76% | 9.80% | 1.27x | 1.90x | NT$163.96 Million |
| 2016 | 26.95% | 9.76% | 1.35x | 2.05x | NT$216.68 Million |
| 2017 | 11.82% | 3.70% | 1.27x | 2.52x | NT$20.76 Million |
| 2018 | 7.08% | 2.19% | 1.28x | 2.53x | NT$-32.41 Million |
| 2019 | 19.69% | 5.99% | 1.35x | 2.43x | NT$123.73 Million |
| 2020 | 26.63% | 8.66% | 1.37x | 2.24x | NT$285.11 Million |
| 2021 | 16.92% | 4.82% | 1.19x | 2.94x | NT$122.43 Million |
| 2022 | 14.50% | 6.71% | 1.12x | 1.92x | NT$84.47 Million |
| 2023 | 6.03% | 3.41% | 0.85x | 2.08x | NT$-75.93 Million |
| 2024 | 4.20% | 2.80% | 0.95x | 1.58x | NT$-115.66 Million |
Industry Comparison
This section compares Chang Type Industrial Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $6,137,820,444
- Average return on equity (ROE) among peers: 10.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chang Type Industrial Co Ltd (1541) | NT$2.02 Billion | 17.44% | 0.62x | $59.46 Million |
| Basso Industry Corp (1527) | $3.31 Billion | 26.95% | 1.06x | $141.89 Million |
| Jenn Feng New Energy Co Ltd (1538) | $172.94 Million | -7.11% | 1.65x | $13.59 Million |
| Kinik Co (1560) | $3.53 Billion | 17.13% | 0.69x | $2.50 Billion |
| De Poan Pneumatic (1570) | $773.37 Million | 6.19% | 0.23x | $61.09 Million |
| Inmax Holding Co Ltd (1591) | $503.34 Million | 17.07% | 0.25x | $77.80 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $7.12 Billion | 4.66% | 0.86x | $86.26 Million |
| Hiwin Technologies Corp (2049) | $37.07 Billion | 5.32% | 0.47x | $3.48 Billion |
| Sheh Kai Precision Co Ltd (2063) | $971.27 Million | 24.02% | 0.93x | $39.25 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.78 Billion | 3.97% | 0.91x | $58.13 Million |
About Chang Type Industrial Co Ltd
CHANG TYPE Industrial Co., Ltd. manufactures, processes, and sells hand tools, electric machines, motors, power tools, automatic control systems, computer machinery, electric test instruments, woodworking machines, and metal parts. The company offers miter, scroll, radial arm, and band saw products; and designs various molds and fixtures. It is also involved in the import and export of raw materi… Read more