Tsang Yow Industrial Co Ltd (1568) - Net Assets
Based on the latest financial reports, Tsang Yow Industrial Co Ltd (1568) has net assets worth NT$2.03 Billion TWD (≈ $63.85 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.38 Billion ≈ $74.99 Million USD) and total liabilities (NT$353.63 Million ≈ $11.14 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 Tsang Yow Industrial Co Ltd (1568) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.03 Billion |
| % of Total Assets | 85.14% |
| Annual Growth Rate | 3.81% |
| 5-Year Change | 36.13% |
| 10-Year Change | 31.87% |
| Growth Volatility | 8.97 |
Tsang Yow Industrial Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Tsang Yow Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 1568 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Tsang Yow Industrial Co Ltd (2009–2025)
The table below shows the annual net assets of Tsang Yow Industrial Co Ltd from 2009 to 2025. For live valuation and market cap data, see Tsang Yow Industrial Co Ltd (1568) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.03 Billion ≈ $63.85 Million |
+6.66% |
| 2024-12-31 | NT$1.90 Billion ≈ $59.86 Million |
+3.82% |
| 2023-12-31 | NT$1.83 Billion ≈ $57.66 Million |
+11.71% |
| 2022-12-31 | NT$1.64 Billion ≈ $51.62 Million |
+10.04% |
| 2021-12-31 | NT$1.49 Billion ≈ $46.91 Million |
+0.60% |
| 2020-12-31 | NT$1.48 Billion ≈ $46.63 Million |
-3.63% |
| 2019-12-31 | NT$1.54 Billion ≈ $48.38 Million |
-3.63% |
| 2018-12-31 | NT$1.59 Billion ≈ $50.21 Million |
+0.14% |
| 2017-12-31 | NT$1.59 Billion ≈ $50.14 Million |
+3.55% |
| 2016-12-31 | NT$1.54 Billion ≈ $48.42 Million |
-5.84% |
| 2015-12-31 | NT$1.63 Billion ≈ $51.42 Million |
+6.14% |
| 2014-12-31 | NT$1.54 Billion ≈ $48.45 Million |
+30.79% |
| 2013-12-31 | NT$1.18 Billion ≈ $37.04 Million |
+2.88% |
| 2012-12-31 | NT$1.14 Billion ≈ $36.01 Million |
+8.57% |
| 2011-12-31 | NT$1.05 Billion ≈ $33.16 Million |
+5.13% |
| 2010-12-31 | NT$1.00 Billion ≈ $31.54 Million |
-10.14% |
| 2009-12-31 | NT$1.11 Billion ≈ $35.10 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tsang Yow 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 75917100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$544.66 Million | 28.69% |
| Common Stock | NT$1.03 Billion | 54.30% |
| Other Comprehensive Income | NT$163.50 Million | 8.61% |
| Other Components | NT$159.52 Million | 8.40% |
| Total Equity | NT$1.90 Billion | 100.00% |
Tsang Yow Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Tsang Yow Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KMH Co. Ltd
KQ:122450
|
$92.56 Million |
|
ATM Grupa S.A.
WAR:ATG
|
$92.57 Million |
|
Patria Bank SA
RO:PBK
|
$92.58 Million |
|
Synergy Green Industries Limited
NSE:SGIL
|
$92.58 Million |
|
NoiBai Cargo Terminal Services JSC
VN:NCT
|
$92.55 Million |
|
The Platinum Group Public Company Limited
BK:PLAT
|
$92.51 Million |
|
Ekopak BV
BR:EKOP
|
$92.49 Million |
|
Fullerton Technology Co Ltd
TW:6136
|
$92.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tsang Yow Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,863,308,000 to 1,898,544,000, a change of 35,236,000 (1.9%).
- Net income of 138,918,000 contributed positively to equity growth.
- Dividend payments of 123,704,000 reduced retained earnings.
- Other comprehensive income increased equity by 24,348,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$138.92 Million | +7.32% |
| Dividends Paid | NT$123.70 Million | -6.52% |
| Other Comprehensive Income | NT$24.35 Million | +1.28% |
| Other Changes | NT$-4.33 Million | -0.23% |
| Total Change | NT$- | 1.89% |
Book Value vs Market Value Analysis
This analysis compares Tsang Yow 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: 1.53x
- 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 2.33x to 1.53x 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$12.25 | NT$28.50 | x |
| 2010-12-31 | NT$9.95 | NT$28.50 | x |
| 2011-12-31 | NT$10.40 | NT$28.50 | x |
| 2012-12-31 | NT$11.42 | NT$28.50 | x |
| 2013-12-31 | NT$11.80 | NT$28.50 | x |
| 2014-12-31 | NT$14.37 | NT$28.50 | x |
| 2015-12-31 | NT$14.56 | NT$28.50 | x |
| 2016-12-31 | NT$14.86 | NT$28.50 | x |
| 2017-12-31 | NT$15.37 | NT$28.50 | x |
| 2018-12-31 | NT$15.40 | NT$28.50 | x |
| 2019-12-31 | NT$14.95 | NT$28.50 | x |
| 2020-12-31 | NT$14.51 | NT$28.50 | x |
| 2021-12-31 | NT$14.59 | NT$28.50 | x |
| 2022-12-31 | NT$15.92 | NT$28.50 | x |
| 2023-12-31 | NT$17.79 | NT$28.50 | x |
| 2024-12-31 | NT$18.13 | NT$28.50 | x |
| 2025-12-31 | NT$18.59 | NT$28.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tsang Yow Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.20%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.25x
- Recent ROE (7.32%) is above the historical average (4.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -22.26% | -22.17% | 0.36x | 2.77x | NT$-326.46 Million |
| 2010 | -8.29% | -4.70% | 0.55x | 3.22x | NT$-166.71 Million |
| 2011 | 1.74% | 0.83% | 0.66x | 3.18x | NT$-78.74 Million |
| 2012 | 11.28% | 5.96% | 0.78x | 2.44x | NT$13.41 Million |
| 2013 | 7.87% | 4.71% | 0.69x | 2.41x | NT$-23.06 Million |
| 2014 | 8.21% | 5.22% | 0.75x | 2.11x | NT$-25.50 Million |
| 2015 | 9.18% | 5.82% | 0.80x | 1.97x | NT$-12.42 Million |
| 2016 | 11.96% | 6.59% | 0.83x | 2.20x | NT$30.17 Million |
| 2017 | 12.08% | 5.72% | 0.90x | 2.33x | NT$33.06 Million |
| 2018 | 5.94% | 3.79% | 0.70x | 2.24x | NT$-64.65 Million |
| 2019 | 1.81% | 1.38% | 0.61x | 2.15x | NT$-125.74 Million |
| 2020 | 0.70% | 0.59% | 0.56x | 2.13x | NT$-137.70 Million |
| 2021 | 1.99% | 1.62% | 0.57x | 2.16x | NT$-119.28 Million |
| 2022 | 10.09% | 9.23% | 0.61x | 1.78x | NT$1.56 Million |
| 2023 | 14.96% | 22.94% | 0.45x | 1.43x | NT$90.71 Million |
| 2024 | 8.76% | 15.55% | 0.45x | 1.25x | NT$-23.18 Million |
| 2025 | 7.32% | 13.20% | 0.44x | 1.25x | NT$-50.94 Million |
Industry Comparison
This section compares Tsang Yow 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: $3,947,219,200
- Average return on equity (ROE) among peers: 6.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tsang Yow Industrial Co Ltd (1568) | NT$2.03 Billion | -22.26% | 0.17x | $92.56 Million |
| Tong Yang Industry Co Ltd (1319) | $11.24 Billion | 5.63% | 1.19x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.66 Billion | 6.42% | 0.51x | $33.99 Million |
| Hiroca Holdings Ltd (1338) | $6.78 Billion | 8.05% | 0.47x | $41.60 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.21 Billion | -6.78% | 1.25x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $1.99 Billion | 0.51% | 0.82x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.90 Billion | 18.96% | 0.91x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $5.71 Billion | 9.68% | 1.73x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.06 Billion | 0.30% | 1.75x | $146.61 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $146.38 Million |
About Tsang Yow Industrial Co Ltd
Tsang Yow Industrial Co.,Ltd. manufactures and supplies transmission system components and assemblies worldwide. It provides automatic and manual transmission, off highway machinery, torque converter, and viscous coupling parts; clutch parts for heavy-duty trucks; and gear boxes. The company was founded in 1985 and is based in Chiayi, Taiwan.