Sanitar Co Ltd (1817) - Net Assets
Based on the latest financial reports, Sanitar Co Ltd (1817) has net assets worth NT$2.40 Billion TWD (≈ $75.77 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.96 Billion ≈ $93.37 Million USD) and total liabilities (NT$558.81 Million ≈ $17.61 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 how tangible is Sanitar Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.40 Billion |
| % of Total Assets | 81.15% |
| Annual Growth Rate | 8.41% |
| 5-Year Change | 27.15% |
| 10-Year Change | 44.84% |
| Growth Volatility | 11.93 |
Sanitar Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Sanitar Co Ltd's net assets have evolved over time, based on quarterly financial data. See 1817 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sanitar Co Ltd (2009–2025)
The table below shows the annual net assets of Sanitar Co Ltd from 2009 to 2025. For live valuation and market cap data, see Sanitar Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.29 Billion ≈ $72.20 Million |
+0.17% |
| 2024-12-31 | NT$2.29 Billion ≈ $72.08 Million |
+11.75% |
| 2023-12-31 | NT$2.05 Billion ≈ $64.50 Million |
+1.17% |
| 2022-12-31 | NT$2.02 Billion ≈ $63.76 Million |
+12.29% |
| 2021-12-31 | NT$1.80 Billion ≈ $56.78 Million |
+5.06% |
| 2020-12-31 | NT$1.72 Billion ≈ $54.05 Million |
+1.32% |
| 2019-12-31 | NT$1.69 Billion ≈ $53.35 Million |
-0.38% |
| 2018-12-31 | NT$1.70 Billion ≈ $53.55 Million |
+5.67% |
| 2017-12-31 | NT$1.61 Billion ≈ $50.68 Million |
+1.66% |
| 2016-12-31 | NT$1.58 Billion ≈ $49.85 Million |
+5.92% |
| 2015-12-31 | NT$1.49 Billion ≈ $47.06 Million |
+6.80% |
| 2014-12-31 | NT$1.40 Billion ≈ $44.06 Million |
+7.53% |
| 2013-12-31 | NT$1.30 Billion ≈ $40.98 Million |
+30.24% |
| 2012-12-31 | NT$998.63 Million ≈ $31.46 Million |
+3.64% |
| 2011-12-31 | NT$963.59 Million ≈ $30.36 Million |
+4.74% |
| 2010-12-31 | NT$920.02 Million ≈ $28.99 Million |
+46.09% |
| 2009-12-31 | NT$629.75 Million ≈ $19.84 Million |
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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 641.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$976.39 Million | 43.46% |
| Common Stock | NT$726.00 Million | 32.31% |
| Other Comprehensive Income | NT$261.85 Million | 11.65% |
| Other Components | NT$282.45 Million | 12.57% |
| 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 |
|---|---|
|
Buriram Sugar Public Company Limited
BK:BRR
|
$90.62 Million |
|
Consti Yhtiot Oy
HE:CONSTI
|
$90.62 Million |
|
TMT Steel Public Company Limited
BK:TMT
|
$90.65 Million |
|
Sokoman Minerals Corp
V:SIC
|
$90.70 Million |
|
Raisio Oyj
HE:RAIKV
|
$90.51 Million |
|
Precot Limited
NSE:PRECOT
|
$90.50 Million |
|
GIC Housing Finance Limited
NSE:GICHSGFIN
|
$90.48 Million |
|
WTK Holdings Bhd
KLSE:4243
|
$90.44 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 2024 to 2025, total equity changed from 2,246,408,000 to 2,246,696,000, a change of 288,000 (0.0%).
- Net income of 263,478,000 contributed positively to equity growth.
- Dividend payments of 174,240,000 reduced retained earnings.
- Other comprehensive income decreased equity by 106,385,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$263.48 Million | +11.73% |
| Dividends Paid | NT$174.24 Million | -7.76% |
| Other Comprehensive Income | NT$-106.39 Million | -4.74% |
| Other Changes | NT$17.43 Million | +0.78% |
| Total Change | NT$- | 0.01% |
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: 1.29x
- 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 1.44x to 1.29x 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$39.60 | x |
| 2010-12-31 | NT$16.42 | NT$39.60 | x |
| 2011-12-31 | NT$14.84 | NT$39.60 | x |
| 2012-12-31 | NT$15.43 | NT$39.60 | x |
| 2013-12-31 | NT$19.90 | NT$39.60 | x |
| 2014-12-31 | NT$19.21 | NT$39.60 | x |
| 2015-12-31 | NT$20.49 | NT$39.60 | x |
| 2016-12-31 | NT$21.68 | NT$39.60 | x |
| 2017-12-31 | NT$22.05 | NT$39.60 | x |
| 2018-12-31 | NT$23.28 | NT$39.60 | x |
| 2019-12-31 | NT$23.21 | NT$39.60 | x |
| 2020-12-31 | NT$23.43 | NT$39.60 | x |
| 2021-12-31 | NT$24.59 | NT$39.60 | x |
| 2022-12-31 | NT$27.50 | NT$39.60 | x |
| 2023-12-31 | NT$27.67 | NT$39.60 | x |
| 2024-12-31 | NT$30.87 | NT$39.60 | x |
| 2025-12-31 | NT$30.78 | NT$39.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sanitar Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.06%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.30x
- Recent ROE (11.73%) is below the historical average (13.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 7.94% | 4.21% | 1.35x | 1.40x | NT$-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 |
| 2025 | 11.73% | 10.06% | 0.89x | 1.30x | NT$38.81 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: $2,806,589,444
- Average return on equity (ROE) among peers: 8.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sanitar Co Ltd (1817) | NT$2.40 Billion | 7.94% | 0.23x | $90.58 Million |
| Farcent Enterprise Co Ltd (1730) | $1.37 Billion | 13.15% | 0.46x | $105.19 Million |
| Mao Bao Inc (1732) | $502.69 Million | 5.83% | 0.34x | $35.24 Million |
| Taiyen Biotech Co Ltd (1737) | $6.81 Billion | 5.87% | 0.21x | $200.06 Million |
| Shihlin Paper Corp (1903) | $3.93 Billion | 1.31% | 1.26x | $395.30 Million |
| Jia Wei Lifestyle Inc (3557) | $2.36 Billion | 16.38% | 1.12x | $71.46 Million |
| Chlitina Holding Ltd (4137) | $5.15 Billion | 20.07% | 0.73x | $283.29 Million |
| Jourdeness Group Ltd (4190) | $1.47 Billion | 18.50% | 1.74x | $46.82 Million |
| Kuangli Photoelectric Technology Co Ltd (6431) | $557.92 Million | -18.67% | 0.87x | $57.38 Million |
| Nan Liu Enterprise Co Ltd (6504) | $3.11 Billion | 16.94% | 2.07x | $81.43 Million |
About Sanitar Co Ltd
Sanitar Co., Ltd. engages in the manufacture and distribution of sanitary ware products in Taiwan and internationally. It offers bathroom fixtures, including bathtubs, washbasin vanity sets, washbasins, functional electrical appliances, mirror cabinets, toilets, machines, lavatories, cabinets, mirrors, hand showers, and copper faucets. It provides its products for bathroom, public commercial, and… Read more