King Slide Works Co Ltd (2059) - Net Assets
Based on the latest financial reports, King Slide Works Co Ltd (2059) has net assets worth NT$31.55 Billion TWD (≈ $993.88 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$39.51 Billion ≈ $1.24 Billion USD) and total liabilities (NT$7.96 Billion ≈ $250.90 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 2059 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$31.55 Billion |
| % of Total Assets | 79.84% |
| Annual Growth Rate | 18.28% |
| 5-Year Change | 122.51% |
| 10-Year Change | 223.83% |
| Growth Volatility | 11.09 |
King Slide Works Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how King Slide Works Co Ltd's net assets have evolved over time, based on quarterly financial data. See King Slide Works Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for King Slide Works Co Ltd (2003–2025)
The table below shows the annual net assets of King Slide Works Co Ltd from 2003 to 2025. For live valuation and market cap data, see King Slide Works Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$28.04 Billion ≈ $883.53 Million |
+31.71% |
| 2024-12-31 | NT$21.29 Billion ≈ $670.83 Million |
+29.55% |
| 2023-12-31 | NT$16.44 Billion ≈ $517.83 Million |
+5.10% |
| 2022-12-31 | NT$15.64 Billion ≈ $492.69 Million |
+24.08% |
| 2021-12-31 | NT$12.60 Billion ≈ $397.07 Million |
+13.33% |
| 2020-12-31 | NT$11.12 Billion ≈ $350.37 Million |
+3.74% |
| 2019-12-31 | NT$10.72 Billion ≈ $337.76 Million |
+6.41% |
| 2018-12-31 | NT$10.07 Billion ≈ $317.40 Million |
+14.75% |
| 2017-12-31 | NT$8.78 Billion ≈ $276.60 Million |
+1.38% |
| 2016-12-31 | NT$8.66 Billion ≈ $272.84 Million |
+7.33% |
| 2015-12-31 | NT$8.07 Billion ≈ $254.21 Million |
+15.13% |
| 2014-12-31 | NT$7.01 Billion ≈ $220.80 Million |
+18.97% |
| 2013-12-31 | NT$5.89 Billion ≈ $185.59 Million |
+27.18% |
| 2012-12-31 | NT$4.63 Billion ≈ $145.92 Million |
+16.49% |
| 2011-12-31 | NT$3.98 Billion ≈ $125.27 Million |
+11.24% |
| 2010-12-31 | NT$3.57 Billion ≈ $112.61 Million |
+10.63% |
| 2009-12-31 | NT$3.23 Billion ≈ $101.79 Million |
+21.60% |
| 2008-12-31 | NT$2.66 Billion ≈ $83.71 Million |
+21.54% |
| 2007-12-31 | NT$2.19 Billion ≈ $68.87 Million |
+28.06% |
| 2006-12-31 | NT$1.71 Billion ≈ $53.78 Million |
+22.69% |
| 2005-12-31 | NT$1.39 Billion ≈ $43.83 Million |
+38.63% |
| 2004-12-31 | NT$1.00 Billion ≈ $31.62 Million |
+43.75% |
| 2003-12-31 | NT$698.15 Million ≈ $22.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to King Slide Works 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 8082.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$23.32 Billion | 83.22% |
| Common Stock | NT$952.97 Million | 3.40% |
| Other Comprehensive Income | NT$2.95 Billion | 10.54% |
| Other Components | NT$796.69 Million | 2.84% |
| Total Equity | NT$28.03 Billion | 100.00% |
King Slide Works Co Ltd Competitors by Market Cap
The table below lists competitors of King Slide Works Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HP Inc
NYSE:HPQ
|
$19.89 Billion |
|
Varun Beverages Limited
NSE:VBL
|
$19.90 Billion |
|
China United Network Communications Ltd
SHG:600050
|
$19.90 Billion |
|
OMV Aktiengesellschaft
VI:OMV
|
$19.93 Billion |
|
Banco Santander (Brasil) S.A.
SA:SANB11
|
$19.85 Billion |
|
Allegheny Technologies Incorporated
NYSE:ATI
|
$19.84 Billion |
|
Zscaler Inc
NASDAQ:ZS
|
$19.84 Billion |
|
MPI Corporation
TWO:6223
|
$19.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in King Slide Works Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 21,292,363,000 to 28,025,959,000, a change of 6,733,596,000 (31.6%).
- Net income of 9,837,067,000 contributed positively to equity growth.
- Dividend payments of 3,068,566,000 reduced retained earnings.
- Other comprehensive income increased equity by 583,468,000.
- Other factors decreased equity by 618,373,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$9.84 Billion | +35.1% |
| Dividends Paid | NT$3.07 Billion | -10.95% |
| Other Comprehensive Income | NT$583.47 Million | +2.08% |
| Other Changes | NT$-618.37 Million | -2.21% |
| Total Change | NT$- | 31.62% |
Book Value vs Market Value Analysis
This analysis compares King Slide Works 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: 22.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 287.07x to 22.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | NT$23.06 | NT$6620.00 | x |
| 2008-12-31 | NT$27.21 | NT$6620.00 | x |
| 2009-12-31 | NT$33.11 | NT$6620.00 | x |
| 2010-12-31 | NT$35.50 | NT$6620.00 | x |
| 2011-12-31 | NT$39.24 | NT$6620.00 | x |
| 2012-12-31 | NT$48.49 | NT$6620.00 | x |
| 2013-12-31 | NT$61.67 | NT$6620.00 | x |
| 2014-12-31 | NT$73.35 | NT$6620.00 | x |
| 2015-12-31 | NT$84.40 | NT$6620.00 | x |
| 2016-12-31 | NT$90.65 | NT$6620.00 | x |
| 2017-12-31 | NT$92.00 | NT$6620.00 | x |
| 2018-12-31 | NT$105.44 | NT$6620.00 | x |
| 2019-12-31 | NT$112.25 | NT$6620.00 | x |
| 2020-12-31 | NT$116.47 | NT$6620.00 | x |
| 2021-12-31 | NT$131.99 | NT$6620.00 | x |
| 2022-12-31 | NT$163.28 | NT$6620.00 | x |
| 2023-12-31 | NT$172.14 | NT$6620.00 | x |
| 2024-12-31 | NT$223.02 | NT$6620.00 | x |
| 2025-12-31 | NT$294.10 | NT$6620.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently King Slide Works 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): 35.10%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 56.21%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.25x
- Recent ROE (35.10%) is above the historical average (23.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 29.86% | 22.35% | 0.80x | 1.67x | NT$138.68 Million |
| 2004 | 38.66% | 28.59% | 0.96x | 1.41x | NT$287.63 Million |
| 2005 | 37.10% | 32.28% | 0.92x | 1.25x | NT$377.00 Million |
| 2006 | 32.90% | 33.35% | 0.80x | 1.24x | NT$390.91 Million |
| 2007 | 28.95% | 31.63% | 0.55x | 1.65x | NT$414.16 Million |
| 2008 | 29.59% | 30.69% | 0.62x | 1.55x | NT$520.44 Million |
| 2009 | 20.07% | 29.82% | 0.42x | 1.61x | NT$325.35 Million |
| 2010 | 19.71% | 27.62% | 0.47x | 1.51x | NT$347.03 Million |
| 2011 | 22.59% | 34.31% | 0.45x | 1.47x | NT$500.57 Million |
| 2012 | 22.80% | 29.41% | 0.57x | 1.37x | NT$592.89 Million |
| 2013 | 23.70% | 37.03% | 0.52x | 1.22x | NT$806.93 Million |
| 2014 | 25.81% | 42.24% | 0.51x | 1.20x | NT$1.11 Billion |
| 2015 | 23.83% | 42.75% | 0.49x | 1.15x | NT$1.12 Billion |
| 2016 | 18.15% | 35.19% | 0.45x | 1.15x | NT$705.79 Million |
| 2017 | 10.35% | 22.11% | 0.42x | 1.13x | NT$30.77 Million |
| 2018 | 17.63% | 40.04% | 0.40x | 1.11x | NT$768.51 Million |
| 2019 | 14.54% | 32.00% | 0.38x | 1.19x | NT$486.20 Million |
| 2020 | 10.47% | 24.26% | 0.36x | 1.20x | NT$52.48 Million |
| 2021 | 16.44% | 32.68% | 0.41x | 1.22x | NT$812.19 Million |
| 2022 | 25.94% | 52.01% | 0.41x | 1.23x | NT$2.49 Billion |
| 2023 | 16.45% | 46.93% | 0.28x | 1.25x | NT$1.06 Billion |
| 2024 | 28.91% | 60.77% | 0.38x | 1.24x | NT$4.03 Billion |
| 2025 | 35.10% | 56.21% | 0.50x | 1.25x | NT$7.03 Billion |
Industry Comparison
This section compares King Slide Works Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $4,356,481,778
- Average return on equity (ROE) among peers: 5.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| King Slide Works Co Ltd (2059) | NT$31.55 Billion | 29.86% | 0.25x | $19.88 Billion |
| Zeng Hsing Industrial Co Ltd (1558) | $4.38 Billion | 19.63% | 0.35x | $185.02 Million |
| Sampo Corp (1604) | $8.66 Billion | 19.26% | 0.50x | $273.20 Million |
| China Electric Manufacturing Corp (1611) | $4.20 Billion | 0.22% | 0.23x | $135.23 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.23 Billion | 6.03% | 0.27x | $260.23 Million |
| Airmate Cayman International Co Ltd (1626) | $3.14 Billion | 4.98% | 1.95x | $47.91 Million |
| Hocheng Corp (1810) | $6.51 Billion | 2.42% | 0.52x | $192.11 Million |
| Fortune Oriental Co Ltd (2491) | $1.33 Billion | 8.77% | 0.26x | $101.67 Million |
| Ado Optronics (3516) | $1.64 Billion | 1.19% | 0.65x | $52.54 Million |
| Mosa Industrial Corp (4564) | $4.12 Billion | -10.23% | 0.61x | $117.35 Million |
About King Slide Works Co Ltd
King Slide Works Co., Ltd., together with its subsidiaries, designs, manufactures, and sells rail kits for computer and network communications equipment, furniture wooden kitchen accessories, slides, and molds in Taiwan, the United States, China, and internationally. The company offers ultra-thin server slide rail kits, electronic device rail kits, and cable management arm for cloud computing dat… Read more