Nankang Rubber Tire Corp Ltd
Nankang Rubber Tire Corp.,Ltd., together with its subsidiaries, manufactures and sells tires and various rubber supplies in Taiwan, China, America, Europe, Asia, and internationally. The company operates through four segments: Tire-Taiwan; Tire-China; Construction Department; and Other. It offers motorsport, passenger, SUV and 4X4, winter, all season, light truck, bus and trailer, and motorcycle … Read more
Nankang Rubber Tire Corp Ltd (2101) - Net Assets
Latest net assets as of September 2025: NT$11.36 Billion TWD
Based on the latest financial reports, Nankang Rubber Tire Corp Ltd (2101) has net assets worth NT$11.36 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$50.61 Billion) and total liabilities (NT$39.25 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$11.36 Billion |
| % of Total Assets | 22.45% |
| Annual Growth Rate | 8.49% |
| 5-Year Change | 25.75% |
| 10-Year Change | 13.83% |
| Growth Volatility | 25.67 |
Nankang Rubber Tire Corp Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Nankang Rubber Tire Corp 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 Nankang Rubber Tire Corp Ltd (2000–2024)
The table below shows the annual net assets of Nankang Rubber Tire Corp Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$13.57 Billion | +30.96% |
| 2023-12-31 | NT$10.36 Billion | +0.46% |
| 2022-12-31 | NT$10.31 Billion | -8.34% |
| 2021-12-31 | NT$11.25 Billion | +4.28% |
| 2020-12-31 | NT$10.79 Billion | +0.73% |
| 2019-12-31 | NT$10.71 Billion | +3.23% |
| 2018-12-31 | NT$10.37 Billion | -4.78% |
| 2017-12-31 | NT$10.90 Billion | -5.11% |
| 2016-12-31 | NT$11.48 Billion | -3.65% |
| 2015-12-31 | NT$11.92 Billion | +5.26% |
| 2014-12-31 | NT$11.32 Billion | -1.36% |
| 2013-12-31 | NT$11.48 Billion | +9.01% |
| 2012-12-31 | NT$10.53 Billion | -7.13% |
| 2011-12-31 | NT$11.34 Billion | +8.93% |
| 2010-12-31 | NT$10.41 Billion | -1.17% |
| 2009-12-31 | NT$10.53 Billion | +19.19% |
| 2008-12-31 | NT$8.84 Billion | -9.57% |
| 2007-12-31 | NT$9.77 Billion | +30.31% |
| 2006-12-31 | NT$7.50 Billion | +17.95% |
| 2005-12-31 | NT$6.36 Billion | +25.89% |
| 2004-12-31 | NT$5.05 Billion | +21.04% |
| 2003-12-31 | NT$4.17 Billion | +115.09% |
| 2002-12-31 | NT$1.94 Billion | +27.20% |
| 2001-12-31 | NT$1.52 Billion | -20.59% |
| 2000-12-31 | NT$1.92 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nankang Rubber Tire Corp 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 224189600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.24 Billion | 16.53% |
| Common Stock | NT$8.34 Billion | 61.48% |
| Other Comprehensive Income | NT$2.71 Billion | 19.97% |
| Other Components | NT$274.72 Million | 2.03% |
| Total Equity | NT$13.57 Billion | 100.00% |
Nankang Rubber Tire Corp Ltd Competitors by Market Cap
The table below lists competitors of Nankang Rubber Tire Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Besqab Pref B
ST:BESQAB-PREF-B
|
$393.50 Million |
|
Choice International Limited
NSE:CHOICEIN
|
$393.65 Million |
|
Sapphire Foods India Limited
NSE:SAPPHIRE
|
$393.68 Million |
|
Hunan Fazhan Industrial Co Ltd
SHE:000722
|
$393.69 Million |
|
Chong Hong Construction Co Ltd
TW:5534
|
$393.20 Million |
|
SHANDONG HI-SP.G.HD-0001
F:HRI
|
$393.10 Million |
|
Nexity
PA:NXI
|
$393.06 Million |
|
PT Semen Indonesia (Persero) Tbk
PINK:PSGTF
|
$392.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nankang Rubber Tire Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,358,487,000 to 13,565,196,000, a change of 3,206,709,000 (31.0%).
- Net income of 2,947,884,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,593,265,000.
- Other factors decreased equity by 2,334,440,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.95 Billion | +21.73% |
| Other Comprehensive Income | NT$2.59 Billion | +19.12% |
| Other Changes | NT$-2.33 Billion | -17.21% |
| Total Change | NT$- | 30.96% |
Book Value vs Market Value Analysis
This analysis compares Nankang Rubber Tire Corp 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: 1.73x
- 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 3.27x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$9.76 | NT$31.90 | x |
| 2005-12-31 | NT$12.29 | NT$31.90 | x |
| 2006-12-31 | NT$14.50 | NT$31.90 | x |
| 2007-12-31 | NT$12.49 | NT$31.90 | x |
| 2008-12-31 | NT$11.37 | NT$31.90 | x |
| 2009-12-31 | NT$13.76 | NT$31.90 | x |
| 2010-12-31 | NT$13.15 | NT$31.90 | x |
| 2011-12-31 | NT$14.58 | NT$31.90 | x |
| 2012-12-31 | NT$13.74 | NT$31.90 | x |
| 2013-12-31 | NT$14.99 | NT$31.90 | x |
| 2014-12-31 | NT$14.76 | NT$31.90 | x |
| 2015-12-31 | NT$16.24 | NT$31.90 | x |
| 2016-12-31 | NT$15.86 | NT$31.90 | x |
| 2017-12-31 | NT$15.43 | NT$31.90 | x |
| 2018-12-31 | NT$14.69 | NT$31.90 | x |
| 2019-12-31 | NT$15.17 | NT$31.90 | x |
| 2020-12-31 | NT$15.28 | NT$31.90 | x |
| 2021-12-31 | NT$15.33 | NT$31.90 | x |
| 2022-12-31 | NT$14.05 | NT$31.90 | x |
| 2023-12-31 | NT$14.12 | NT$31.90 | x |
| 2024-12-31 | NT$18.48 | NT$31.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nankang Rubber Tire Corp 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): 21.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.36%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 3.25x
- Recent ROE (21.73%) is above the historical average (8.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 21.73% | 9.59% | 0.46x | 4.97x | NT$227.50 Million |
| 2003 | 4.41% | 3.67% | 0.52x | 2.33x | NT$-233.10 Million |
| 2004 | 17.89% | 13.41% | 0.59x | 2.27x | NT$398.13 Million |
| 2005 | 20.95% | 14.29% | 0.71x | 2.06x | NT$695.79 Million |
| 2006 | 17.84% | 15.48% | 0.60x | 1.91x | NT$587.58 Million |
| 2007 | 20.54% | 21.60% | 0.59x | 1.62x | NT$1.03 Billion |
| 2008 | -6.79% | -6.25% | 0.58x | 1.89x | NT$-1.48 Billion |
| 2009 | 12.50% | 12.44% | 0.61x | 1.65x | NT$263.70 Million |
| 2010 | 6.15% | 4.71% | 0.73x | 1.78x | NT$-400.22 Million |
| 2011 | 12.56% | 8.37% | 0.73x | 2.06x | NT$290.22 Million |
| 2012 | 2.43% | 1.90% | 0.65x | 1.97x | NT$-796.54 Million |
| 2013 | 4.00% | 3.50% | 0.64x | 1.79x | NT$-688.43 Million |
| 2014 | 2.96% | 2.71% | 0.60x | 1.81x | NT$-797.18 Million |
| 2015 | 6.80% | 7.46% | 0.47x | 1.95x | NT$-381.17 Million |
| 2016 | 8.93% | 9.94% | 0.45x | 1.98x | NT$-122.55 Million |
| 2017 | 5.81% | 5.59% | 0.48x | 2.18x | NT$-456.27 Million |
| 2018 | 1.77% | 1.76% | 0.45x | 2.26x | NT$-854.02 Million |
| 2019 | 10.61% | 10.22% | 0.40x | 2.58x | NT$64.79 Million |
| 2020 | 7.83% | 8.71% | 0.30x | 2.97x | NT$-234.35 Million |
| 2021 | -2.16% | -3.01% | 0.22x | 3.32x | NT$-1.37 Billion |
| 2022 | -9.93% | -13.81% | 0.20x | 3.62x | NT$-2.05 Billion |
| 2023 | 1.29% | 1.71% | 0.19x | 4.02x | NT$-901.84 Million |
| 2024 | 21.73% | 19.36% | 0.34x | 3.25x | NT$1.59 Billion |
Industry Comparison
This section compares Nankang Rubber Tire Corp Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nankang Rubber Tire Corp Ltd (2101) | NT$11.36 Billion | 21.73% | 3.45x | $393.32 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |