Sinkang Industries Co Ltd
Sinkang Industries Co., Ltd. manufactures and sells stainless steel in Taiwan and internationally. It primarily offers stainless steel plate and coil shearing, coil slitting, plate surface treatment, mirror finishing, and embossing forming. The company also provides round tube forming, and angle bar forming. Its products are used in the food industry, tableware industry, office equipment, medical… Read more
Sinkang Industries Co Ltd (2032) - Net Assets
Latest net assets as of September 2025: NT$1.72 Billion TWD
Based on the latest financial reports, Sinkang Industries Co Ltd (2032) has net assets worth NT$1.72 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$2.17 Billion) and total liabilities (NT$446.72 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$1.72 Billion |
| % of Total Assets | 79.4% |
| Annual Growth Rate | 1.91% |
| 5-Year Change | 0.5% |
| 10-Year Change | 5.78% |
| Growth Volatility | 9.57 |
Sinkang Industries Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Sinkang Industries 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 Sinkang Industries Co Ltd (2002–2024)
The table below shows the annual net assets of Sinkang Industries Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.72 Billion | +3.70% |
| 2023-12-31 | NT$1.66 Billion | -2.81% |
| 2022-12-31 | NT$1.70 Billion | -5.96% |
| 2021-12-31 | NT$1.81 Billion | +6.04% |
| 2020-12-31 | NT$1.71 Billion | +2.10% |
| 2019-12-31 | NT$1.67 Billion | +2.12% |
| 2018-12-31 | NT$1.64 Billion | +0.19% |
| 2017-12-31 | NT$1.64 Billion | -2.24% |
| 2016-12-31 | NT$1.67 Billion | +3.07% |
| 2015-12-31 | NT$1.62 Billion | -0.22% |
| 2014-12-31 | NT$1.63 Billion | -2.35% |
| 2013-12-31 | NT$1.67 Billion | +0.79% |
| 2012-12-31 | NT$1.65 Billion | -0.15% |
| 2011-12-31 | NT$1.66 Billion | -2.24% |
| 2010-12-31 | NT$1.69 Billion | +7.02% |
| 2009-12-31 | NT$1.58 Billion | +4.11% |
| 2008-12-31 | NT$1.52 Billion | -14.85% |
| 2007-12-31 | NT$1.79 Billion | +10.49% |
| 2006-12-31 | NT$1.62 Billion | +34.79% |
| 2005-12-31 | NT$1.20 Billion | -12.30% |
| 2004-12-31 | NT$1.37 Billion | +14.96% |
| 2003-12-31 | NT$1.19 Billion | +4.97% |
| 2002-12-31 | NT$1.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinkang Industries 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 7.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$119.78 Million | 6.97% |
| Common Stock | NT$1.31 Billion | 76.00% |
| Other Comprehensive Income | NT$185.46 Million | 10.80% |
| Other Components | NT$107.01 Million | 6.23% |
| Total Equity | NT$1.72 Billion | 100.00% |
Sinkang Industries Co Ltd Competitors by Market Cap
The table below lists competitors of Sinkang Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great Novel Therapeutics Biotech & Medicals
TWO:7427
|
$34.39 Million |
|
International Integrated Systems, Inc.
TW:6614
|
$34.40 Million |
|
BEIJING UR.C.D.+DEV.GRP H
F:BDG
|
$34.41 Million |
|
Ovostar Union N.V.
WAR:OVO
|
$34.41 Million |
|
Valartis Group AG
SW:VLRT
|
$34.38 Million |
|
Exicom Tele-Systems Limited
NSE:EXICOM
|
$34.38 Million |
|
Inv Tricahue
SN:TRICAHUE
|
$34.37 Million |
|
MDwerks Inc
OTCQB:MDWK
|
$34.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinkang Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,656,249,000 to 1,717,473,000, a change of 61,224,000 (3.7%).
- Net income of 59,125,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 13,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$59.12 Million | +3.44% |
| Other Comprehensive Income | NT$13.00K | +0.0% |
| Other Changes | NT$2.09 Million | +0.12% |
| Total Change | NT$- | 3.70% |
Book Value vs Market Value Analysis
This analysis compares Sinkang Industries 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: 1.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$12.13 | NT$15.40 | x |
| 2010-12-31 | NT$13.24 | NT$15.40 | x |
| 2011-12-31 | NT$12.81 | NT$15.40 | x |
| 2012-12-31 | NT$12.66 | NT$15.40 | x |
| 2013-12-31 | NT$12.76 | NT$15.40 | x |
| 2014-12-31 | NT$12.44 | NT$15.40 | x |
| 2015-12-31 | NT$12.42 | NT$15.40 | x |
| 2016-12-31 | NT$12.80 | NT$15.40 | x |
| 2017-12-31 | NT$12.52 | NT$15.40 | x |
| 2018-12-31 | NT$12.55 | NT$15.40 | x |
| 2019-12-31 | NT$12.81 | NT$15.40 | x |
| 2020-12-31 | NT$13.08 | NT$15.40 | x |
| 2021-12-31 | NT$13.86 | NT$15.40 | x |
| 2022-12-31 | NT$13.05 | NT$15.40 | x |
| 2023-12-31 | NT$12.69 | NT$15.40 | x |
| 2024-12-31 | NT$13.15 | NT$15.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinkang Industries Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.99%
- • Asset Turnover: 1.51x
- • Equity Multiplier: 1.15x
- Recent ROE (3.44%) is below the historical average (5.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.38% | 4.70% | 1.06x | 1.69x | NT$-18.37 Million |
| 2003 | 11.52% | 5.44% | 1.11x | 1.90x | NT$18.08 Million |
| 2004 | 15.79% | 6.19% | 1.30x | 1.96x | NT$79.17 Million |
| 2006 | 26.11% | 7.93% | 1.63x | 2.02x | NT$260.19 Million |
| 2007 | 0.64% | 0.18% | 2.10x | 1.70x | NT$-167.14 Million |
| 2009 | 3.95% | 1.62% | 1.56x | 1.57x | NT$-95.76 Million |
| 2010 | 8.06% | 2.60% | 1.93x | 1.60x | NT$-32.94 Million |
| 2011 | 0.94% | 0.31% | 2.00x | 1.51x | NT$-150.00 Million |
| 2012 | 0.64% | 0.25% | 1.86x | 1.36x | NT$-154.74 Million |
| 2013 | 2.52% | 1.20% | 1.70x | 1.23x | NT$-124.72 Million |
| 2014 | 3.52% | 1.65% | 1.69x | 1.27x | NT$-105.39 Million |
| 2015 | 2.11% | 1.12% | 1.51x | 1.25x | NT$-128.09 Million |
| 2016 | 4.38% | 2.59% | 1.40x | 1.21x | NT$-94.00 Million |
| 2017 | 0.93% | 0.55% | 1.39x | 1.23x | NT$-148.33 Million |
| 2018 | 1.00% | 0.53% | 1.56x | 1.20x | NT$-147.51 Million |
| 2019 | 2.83% | 1.67% | 1.42x | 1.19x | NT$-120.02 Million |
| 2020 | 4.45% | 2.33% | 1.57x | 1.22x | NT$-94.90 Million |
| 2021 | 9.21% | 4.78% | 1.56x | 1.23x | NT$-14.29 Million |
| 2022 | 2.24% | 1.14% | 1.75x | 1.13x | NT$-132.20 Million |
| 2023 | -1.26% | -0.73% | 1.52x | 1.14x | NT$-186.43 Million |
| 2024 | 3.44% | 1.99% | 1.51x | 1.15x | NT$-112.62 Million |
Industry Comparison
This section compares Sinkang Industries Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $14,507,134,500
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinkang Industries Co Ltd (2032) | NT$1.72 Billion | 8.38% | 0.26x | $34.39 Million |
| 1480 (1480) | $3.18 Billion | 0.46% | 1.04x | $28.61 Million |
| Walsin Lihwa Corp (1605) | $62.20 Billion | -4.32% | 0.82x | $2.92 Billion |
| Tung Ho Steel Enterprise Corp (2006) | $27.71 Billion | 12.86% | 0.60x | $1.04 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.58 Billion | 0.00% | 3.75x | $31.36 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.62 Billion | 0.00% | 3.66x | $28.78 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $10.15 Billion | 4.10% | 0.66x | $342.51 Million |
| Chun Yu Works & Co Ltd (2012) | $2.58 Billion | 3.92% | 1.85x | $36.48 Million |
| Chung Hung Steel Corp (2014) | $12.53 Billion | -19.54% | 2.05x | $458.80 Million |
| Feng Hsin Steel Co Ltd (2015) | $16.58 Billion | 10.95% | 0.18x | $690.55 Million |
| Quintain Steel Co Ltd (2017) | $3.95 Billion | 0.00% | 0.88x | $71.75 Million |