Goodway Machine Corp
Goodway Machine Corp. manufactures and sells CNC lathes and processing machinery in Taiwan, Asia, the United States, Europe, and internationally. The company provides multi-axis, SWISS, vertical, horizontal, flat-bed, and wheel turning products; cylindrical grinding machines; and automation systems, including gantry robotic arm, articulated robotic arm, and automated loading and unloading system.… Read more
Goodway Machine Corp (1583) - Net Assets
Latest net assets as of September 2025: NT$6.99 Billion TWD
Based on the latest financial reports, Goodway Machine Corp (1583) has net assets worth NT$6.99 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$13.93 Billion) and total liabilities (NT$6.93 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$6.99 Billion |
| % of Total Assets | 50.21% |
| Annual Growth Rate | 5.78% |
| 5-Year Change | 30.11% |
| 10-Year Change | 57.92% |
| Growth Volatility | 5.88 |
Goodway Machine Corp - Net Assets Trend (2007–2024)
This chart illustrates how Goodway Machine Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Goodway Machine Corp (2007–2024)
The table below shows the annual net assets of Goodway Machine Corp from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.41 Billion | +17.43% |
| 2023-12-31 | NT$7.16 Billion | +4.91% |
| 2022-12-31 | NT$6.83 Billion | +3.89% |
| 2021-12-31 | NT$6.57 Billion | +1.66% |
| 2020-12-31 | NT$6.47 Billion | +7.43% |
| 2019-12-31 | NT$6.02 Billion | +0.27% |
| 2018-12-31 | NT$6.00 Billion | +7.81% |
| 2017-12-31 | NT$5.57 Billion | +1.61% |
| 2016-12-31 | NT$5.48 Billion | +2.85% |
| 2015-12-31 | NT$5.33 Billion | +8.47% |
| 2014-12-31 | NT$4.91 Billion | +13.80% |
| 2013-12-31 | NT$4.32 Billion | +7.90% |
| 2012-12-31 | NT$4.00 Billion | +3.29% |
| 2011-12-31 | NT$3.87 Billion | +18.24% |
| 2010-12-31 | NT$3.27 Billion | +2.78% |
| 2009-12-31 | NT$3.19 Billion | -5.01% |
| 2008-12-31 | NT$3.35 Billion | +3.66% |
| 2007-12-31 | NT$3.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Goodway Machine Corp'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 391.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.05 Billion | 61.51% |
| Common Stock | NT$1.10 Billion | 16.78% |
| Other Comprehensive Income | NT$4.00 Million | 0.06% |
| Other Components | NT$1.42 Billion | 21.64% |
| Total Equity | NT$6.58 Billion | 100.00% |
Goodway Machine Corp Competitors by Market Cap
The table below lists competitors of Goodway Machine Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Precision Camshafts Limited
NSE:PRECAM
|
$28.04 Million |
|
MINERVA NEUROSC. DL-0001
F:4MNA
|
$28.05 Million |
|
Value Line Inc
NASDAQ:VALU
|
$28.06 Million |
|
Malaysia Marine and Heavy Engineering Holdings Bhd
KLSE:5186
|
$28.06 Million |
|
Grupo Ezentis S.A
MC:EZE
|
$28.03 Million |
|
MKH Oil Palm (East Kalimantan) Berhad
KLSE:5319
|
$28.03 Million |
|
Equitable Financial Corp
PINK:EQFN
|
$28.03 Million |
|
Evaxion Biotech AS
NASDAQ:EVAX
|
$28.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goodway Machine Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,533,036,000 to 6,577,506,000, a change of 1,044,470,000 (18.9%).
- Net income of 1,255,492,000 contributed positively to equity growth.
- Dividend payments of 441,601,000 reduced retained earnings.
- Other comprehensive income decreased equity by 989,232,000.
- Other factors increased equity by 1,219,811,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.26 Billion | +19.09% |
| Dividends Paid | NT$441.60 Million | -6.71% |
| Other Comprehensive Income | NT$-989.23 Million | -15.04% |
| Other Changes | NT$1.22 Billion | +18.55% |
| Total Change | NT$- | 18.88% |
Book Value vs Market Value Analysis
This analysis compares Goodway Machine Corp'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: 0.73x
- 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 2.50x to 0.73x 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$17.26 | NT$43.15 | x |
| 2010-12-31 | NT$17.92 | NT$43.15 | x |
| 2011-12-31 | NT$22.38 | NT$43.15 | x |
| 2012-12-31 | NT$23.65 | NT$43.15 | x |
| 2013-12-31 | NT$26.70 | NT$43.15 | x |
| 2014-12-31 | NT$30.72 | NT$43.15 | x |
| 2015-12-31 | NT$34.95 | NT$43.15 | x |
| 2016-12-31 | NT$32.91 | NT$43.15 | x |
| 2017-12-31 | NT$34.94 | NT$43.15 | x |
| 2018-12-31 | NT$39.05 | NT$43.15 | x |
| 2019-12-31 | NT$39.73 | NT$43.15 | x |
| 2020-12-31 | NT$43.90 | NT$43.15 | x |
| 2021-12-31 | NT$45.61 | NT$43.15 | x |
| 2022-12-31 | NT$47.02 | NT$43.15 | x |
| 2023-12-31 | NT$49.93 | NT$43.15 | x |
| 2024-12-31 | NT$59.26 | NT$43.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goodway Machine Corp 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): 19.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.39%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.26x
- Recent ROE (19.09%) is above the historical average (12.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 27.52% | 8.30% | 0.94x | 3.52x | NT$317.93 Million |
| 2008 | 7.74% | 2.51% | 0.93x | 3.33x | NT$-44.29 Million |
| 2009 | 1.66% | 1.26% | 0.43x | 3.07x | NT$-162.66 Million |
| 2010 | 10.43% | 4.04% | 0.70x | 3.70x | NT$8.62 Million |
| 2011 | 19.31% | 7.52% | 0.70x | 3.65x | NT$232.59 Million |
| 2012 | 15.32% | 6.03% | 0.78x | 3.27x | NT$140.15 Million |
| 2013 | 13.14% | 6.63% | 0.60x | 3.30x | NT$93.18 Million |
| 2014 | 20.10% | 8.77% | 0.66x | 3.45x | NT$344.62 Million |
| 2015 | 16.63% | 8.68% | 0.54x | 3.53x | NT$247.85 Million |
| 2016 | 6.38% | 3.81% | 0.55x | 3.07x | NT$-140.30 Million |
| 2017 | 9.24% | 5.01% | 0.52x | 3.58x | NT$-31.40 Million |
| 2018 | 13.35% | 7.12% | 0.57x | 3.28x | NT$149.77 Million |
| 2019 | 5.90% | 4.38% | 0.47x | 2.86x | NT$-186.68 Million |
| 2020 | 14.11% | 13.18% | 0.42x | 2.53x | NT$199.83 Million |
| 2021 | 7.20% | 5.41% | 0.51x | 2.59x | NT$-141.23 Million |
| 2022 | 13.58% | 11.09% | 0.42x | 2.92x | NT$186.85 Million |
| 2023 | 12.89% | 13.41% | 0.40x | 2.39x | NT$160.00 Million |
| 2024 | 19.09% | 28.39% | 0.30x | 2.26x | NT$597.74 Million |
Industry Comparison
This section compares Goodway Machine Corp's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $14,591,927,222
- Average return on equity (ROE) among peers: 12.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goodway Machine Corp (1583) | NT$6.99 Billion | 27.52% | 0.99x | $28.04 Million |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Kaulin Mfg (1531) | $4.60 Billion | 7.11% | 0.29x | $39.04 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |