Sanitar Co Ltd
Sanitar Co., Ltd. engages in the manufacture and distribution of sanitary porcelain products in Taiwan and internationally. It offers bathroom fixtures, including bathtubs, toilets, machines, lavatories, cabinets, mirrors, hand showers, and copper faucets. The company was formerly known as Sanken Industrial Co., Ltd. and changed its name to Sanitar Co., Ltd. in 2003. Sanitar Co., Ltd. was founded… Read more
Sanitar Co Ltd (1817) - Net Assets
Latest net assets as of September 2025: NT$2.19 Billion TWD
Based on the latest financial reports, Sanitar Co Ltd (1817) has net assets worth NT$2.19 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$2.94 Billion) and total liabilities (NT$748.65 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$2.19 Billion |
| % of Total Assets | 74.54% |
| Annual Growth Rate | 8.98% |
| 5-Year Change | 33.36% |
| 10-Year Change | 53.16% |
| Growth Volatility | 12.09 |
Sanitar Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Sanitar 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 Sanitar Co Ltd (2009–2024)
The table below shows the annual net assets of Sanitar Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.29 Billion | +11.75% |
| 2023-12-31 | NT$2.05 Billion | +1.17% |
| 2022-12-31 | NT$2.02 Billion | +12.29% |
| 2021-12-31 | NT$1.80 Billion | +5.06% |
| 2020-12-31 | NT$1.72 Billion | +1.32% |
| 2019-12-31 | NT$1.69 Billion | -0.38% |
| 2018-12-31 | NT$1.70 Billion | +5.67% |
| 2017-12-31 | NT$1.61 Billion | +1.66% |
| 2016-12-31 | NT$1.58 Billion | +5.92% |
| 2015-12-31 | NT$1.49 Billion | +6.80% |
| 2014-12-31 | NT$1.40 Billion | +7.53% |
| 2013-12-31 | NT$1.30 Billion | +30.24% |
| 2012-12-31 | NT$998.63 Million | +3.64% |
| 2011-12-31 | NT$963.59 Million | +4.74% |
| 2010-12-31 | NT$920.02 Million | +46.09% |
| 2009-12-31 | NT$629.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sanitar 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 573.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$887.82 Million | 39.52% |
| Common Stock | NT$726.00 Million | 32.32% |
| Other Comprehensive Income | NT$368.23 Million | 16.39% |
| Other Components | NT$264.36 Million | 11.77% |
| Total Equity | NT$2.25 Billion | 100.00% |
Sanitar Co Ltd Competitors by Market Cap
The table below lists competitors of Sanitar Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Applied BioCode
TW:6598
|
$56.41 Million |
|
Yusin Holding Corp
TW:4557
|
$56.42 Million |
|
Galaxy Gaming Inc
OTCQB:GLXZ
|
$56.42 Million |
|
OCK Group Bhd
KLSE:0172
|
$56.44 Million |
|
Austco Healthcare Ltd
AU:AHC
|
$56.41 Million |
|
Sungdo Engineering & Construction Co. Ltd
KQ:037350
|
$56.40 Million |
|
Tatung System Technologies
TWO:8099
|
$56.40 Million |
|
Cheffelo AB (publ)
F:4HY
|
$56.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sanitar Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,007,585,000 to 2,246,408,000, a change of 238,823,000 (11.9%).
- Net income of 315,233,000 contributed positively to equity growth.
- Dividend payments of 129,737,000 reduced retained earnings.
- New share issuances of 15,626,000 increased equity.
- Other comprehensive income increased equity by 593,624,000.
- Other factors decreased equity by 555,923,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$315.23 Million | +14.03% |
| Dividends Paid | NT$129.74 Million | -5.78% |
| Share Issuances | NT$15.63 Million | +0.7% |
| Other Comprehensive Income | NT$593.62 Million | +26.43% |
| Other Changes | NT$-555.92 Million | -24.75% |
| Total Change | NT$- | 11.90% |
Book Value vs Market Value Analysis
This analysis compares Sanitar 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: 1.25x
- 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 1.41x to 1.25x 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$27.41 | NT$38.70 | x |
| 2010-12-31 | NT$16.42 | NT$38.70 | x |
| 2011-12-31 | NT$14.84 | NT$38.70 | x |
| 2012-12-31 | NT$15.43 | NT$38.70 | x |
| 2013-12-31 | NT$19.90 | NT$38.70 | x |
| 2014-12-31 | NT$19.21 | NT$38.70 | x |
| 2015-12-31 | NT$20.49 | NT$38.70 | x |
| 2016-12-31 | NT$21.68 | NT$38.70 | x |
| 2017-12-31 | NT$22.05 | NT$38.70 | x |
| 2018-12-31 | NT$23.28 | NT$38.70 | x |
| 2019-12-31 | NT$23.21 | NT$38.70 | x |
| 2020-12-31 | NT$23.43 | NT$38.70 | x |
| 2021-12-31 | NT$24.59 | NT$38.70 | x |
| 2022-12-31 | NT$27.50 | NT$38.70 | x |
| 2023-12-31 | NT$27.67 | NT$38.70 | x |
| 2024-12-31 | NT$30.87 | NT$38.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sanitar Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.30%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.27x
- Recent ROE (14.03%) is above the historical average (13.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 7.94% | 4.21% | 1.35x | 1.40x | NT$-12.96 Million |
| 2010 | 14.66% | 9.69% | 1.20x | 1.27x | NT$42.92 Million |
| 2011 | 11.96% | 8.37% | 1.09x | 1.32x | NT$18.92 Million |
| 2012 | 12.06% | 8.36% | 1.10x | 1.31x | NT$20.57 Million |
| 2013 | 12.73% | 9.53% | 1.06x | 1.26x | NT$35.47 Million |
| 2014 | 13.02% | 9.35% | 1.14x | 1.23x | NT$42.24 Million |
| 2015 | 15.47% | 10.49% | 1.20x | 1.23x | NT$81.75 Million |
| 2016 | 15.62% | 11.12% | 1.11x | 1.27x | NT$88.89 Million |
| 2017 | 16.14% | 11.44% | 1.08x | 1.31x | NT$98.79 Million |
| 2018 | 14.94% | 11.08% | 1.00x | 1.35x | NT$84.04 Million |
| 2019 | 10.62% | 7.70% | 0.92x | 1.49x | NT$10.53 Million |
| 2020 | 12.93% | 9.54% | 0.90x | 1.50x | NT$49.81 Million |
| 2021 | 12.44% | 9.33% | 0.87x | 1.53x | NT$43.40 Million |
| 2022 | 14.57% | 10.89% | 0.98x | 1.37x | NT$91.16 Million |
| 2023 | 11.74% | 9.42% | 0.93x | 1.35x | NT$34.88 Million |
| 2024 | 14.03% | 11.30% | 0.98x | 1.27x | NT$90.59 Million |
Industry Comparison
This section compares Sanitar Co Ltd's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $2,301,307,111
- Average return on equity (ROE) among peers: 3.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sanitar Co Ltd (1817) | NT$2.19 Billion | 7.94% | 0.34x | $56.41 Million |
| Farcent Enterprise Co Ltd (1730) | $1.11 Billion | 10.36% | 0.53x | $50.96 Million |
| Mao Bao Inc (1732) | $464.20 Million | 5.44% | 0.28x | $15.99 Million |
| Taiyen Biotech Co Ltd (1737) | $6.57 Billion | 3.19% | 0.05x | $103.31 Million |
| Shihlin Paper Corp (1903) | $4.58 Billion | 0.00% | 0.72x | $268.57 Million |
| Jia Wei Lifestyle Inc (3557) | $778.16 Million | -13.00% | 0.45x | $39.15 Million |
| Chlitina Holding Ltd (4137) | $4.11 Billion | 29.63% | 0.55x | $176.21 Million |
| Jourdeness Group Ltd (4190) | $1.77 Billion | -16.49% | 3.17x | $20.26 Million |
| Kuangli Photoelectric Technology Co Ltd (6431) | $398.69 Million | -4.73% | 0.12x | $39.19 Million |
| Nan Liu Enterprise Co Ltd (6504) | $929.70 Million | 15.00% | 2.02x | $37.29 Million |