Nankang Rubber Tire Corp Ltd (2101) - Net Assets
Based on the latest financial reports, Nankang Rubber Tire Corp Ltd (2101) has net assets worth NT$12.67 Billion TWD (≈ $399.06 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$54.28 Billion ≈ $1.71 Billion USD) and total liabilities (NT$41.61 Billion ≈ $1.31 Billion 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 2101 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$12.67 Billion |
| % of Total Assets | 23.34% |
| Annual Growth Rate | 7.84% |
| 5-Year Change | 12.6% |
| 10-Year Change | 10.31% |
| Growth Volatility | 25.38 |
Nankang Rubber Tire Corp Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Nankang Rubber Tire Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Nankang Rubber Tire Corp Ltd for the complete picture of this company's asset base.
Annual Net Assets for Nankang Rubber Tire Corp Ltd (2000–2025)
The table below shows the annual net assets of Nankang Rubber Tire Corp Ltd from 2000 to 2025. For live valuation and market cap data, see 2101 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$12.67 Billion ≈ $399.06 Million |
-6.63% |
| 2024-12-31 | NT$13.57 Billion ≈ $427.38 Million |
+30.96% |
| 2023-12-31 | NT$10.36 Billion ≈ $326.35 Million |
+0.46% |
| 2022-12-31 | NT$10.31 Billion ≈ $324.86 Million |
-8.34% |
| 2021-12-31 | NT$11.25 Billion ≈ $354.42 Million |
+4.28% |
| 2020-12-31 | NT$10.79 Billion ≈ $339.86 Million |
+0.73% |
| 2019-12-31 | NT$10.71 Billion ≈ $337.39 Million |
+3.23% |
| 2018-12-31 | NT$10.37 Billion ≈ $326.85 Million |
-4.78% |
| 2017-12-31 | NT$10.90 Billion ≈ $343.26 Million |
-5.11% |
| 2016-12-31 | NT$11.48 Billion ≈ $361.75 Million |
-3.65% |
| 2015-12-31 | NT$11.92 Billion ≈ $375.44 Million |
+5.26% |
| 2014-12-31 | NT$11.32 Billion ≈ $356.68 Million |
-1.36% |
| 2013-12-31 | NT$11.48 Billion ≈ $361.60 Million |
+9.01% |
| 2012-12-31 | NT$10.53 Billion ≈ $331.71 Million |
-7.13% |
| 2011-12-31 | NT$11.34 Billion ≈ $357.18 Million |
+8.93% |
| 2010-12-31 | NT$10.41 Billion ≈ $327.91 Million |
-1.17% |
| 2009-12-31 | NT$10.53 Billion ≈ $331.78 Million |
+19.19% |
| 2008-12-31 | NT$8.84 Billion ≈ $278.36 Million |
-9.57% |
| 2007-12-31 | NT$9.77 Billion ≈ $307.81 Million |
+30.31% |
| 2006-12-31 | NT$7.50 Billion ≈ $236.21 Million |
+17.95% |
| 2005-12-31 | NT$6.36 Billion ≈ $200.26 Million |
+25.89% |
| 2004-12-31 | NT$5.05 Billion ≈ $159.07 Million |
+21.04% |
| 2003-12-31 | NT$4.17 Billion ≈ $131.42 Million |
+115.09% |
| 2002-12-31 | NT$1.94 Billion ≈ $61.10 Million |
+27.20% |
| 2001-12-31 | NT$1.52 Billion ≈ $48.04 Million |
-20.59% |
| 2000-12-31 | NT$1.92 Billion ≈ $60.49 Million |
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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 242886800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.43 Billion | 19.18% |
| Common Stock | NT$7.34 Billion | 57.94% |
| Other Comprehensive Income | NT$2.86 Billion | 22.61% |
| Other Components | NT$33.77 Million | 0.27% |
| Total Equity | NT$12.67 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 |
|---|---|
|
Beijing Advanced Digital Technology Co Ltd
SHE:300541
|
$762.07 Million |
|
Hangzhou Biotest Biotech Co Ltd
SHG:688767
|
$762.42 Million |
|
Anhui Coreach Technology Co Ltd
SHE:002983
|
$762.59 Million |
|
PHARMING GRP SP. ADRS
F:PHG
|
$762.66 Million |
|
Shenzhen MYS Environmental Protection & Technology Co Ltd
SHE:002303
|
$761.87 Million |
|
OCI NV
AS:OCI
|
$761.80 Million |
|
Nantong Xingqiu Graphite Co. Ltd. A
SHG:688633
|
$761.58 Million |
|
LiJiang YuLong Tourism Co Ltd
SHE:002033
|
$761.46 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 2024 to 2025, total equity changed from 13,565,196,000 to 12,666,473,000, a change of -898,723,000 (-6.6%).
- Net income of 809,784,000 contributed positively to equity growth.
- Dividend payments of 416,967,000 reduced retained earnings.
- Share repurchases of 238,143,000 reduced equity.
- Other comprehensive income increased equity by 155,255,000.
- Other factors decreased equity by 1,208,652,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$809.78 Million | +6.39% |
| Dividends Paid | NT$416.97 Million | -3.29% |
| Share Repurchases | NT$238.14 Million | -1.88% |
| Other Comprehensive Income | NT$155.25 Million | +1.23% |
| Other Changes | NT$-1.21 Billion | -9.54% |
| Total Change | NT$- | -6.63% |
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: 2.12x
- 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 3.43x to 2.12x 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$33.45 | x |
| 2005-12-31 | NT$12.29 | NT$33.45 | x |
| 2006-12-31 | NT$14.50 | NT$33.45 | x |
| 2007-12-31 | NT$12.49 | NT$33.45 | x |
| 2008-12-31 | NT$11.37 | NT$33.45 | x |
| 2009-12-31 | NT$13.76 | NT$33.45 | x |
| 2010-12-31 | NT$13.15 | NT$33.45 | x |
| 2011-12-31 | NT$14.58 | NT$33.45 | x |
| 2012-12-31 | NT$13.74 | NT$33.45 | x |
| 2013-12-31 | NT$14.99 | NT$33.45 | x |
| 2014-12-31 | NT$14.76 | NT$33.45 | x |
| 2015-12-31 | NT$16.24 | NT$33.45 | x |
| 2016-12-31 | NT$15.86 | NT$33.45 | x |
| 2017-12-31 | NT$15.43 | NT$33.45 | x |
| 2018-12-31 | NT$14.69 | NT$33.45 | x |
| 2019-12-31 | NT$15.17 | NT$33.45 | x |
| 2020-12-31 | NT$15.28 | NT$33.45 | x |
| 2021-12-31 | NT$15.33 | NT$33.45 | x |
| 2022-12-31 | NT$14.05 | NT$33.45 | x |
| 2023-12-31 | NT$14.12 | NT$33.45 | x |
| 2024-12-31 | NT$18.48 | NT$33.45 | x |
| 2025-12-31 | NT$15.80 | NT$33.45 | 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): 6.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.60%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 4.29x
- Recent ROE (6.39%) is below the historical average (8.18%), 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 | 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$1.59 Billion |
| 2025 | 6.39% | 9.60% | 0.16x | 4.29x | NT$-456.86 Million |
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: $4,652,066,900
- Average return on equity (ROE) among peers: -0.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nankang Rubber Tire Corp Ltd (2101) | NT$12.67 Billion | 21.73% | 3.29x | $762.01 Million |
| Tong Yang Industry Co Ltd (1319) | $22.36 Billion | 3.67% | 0.59x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.63 Billion | 11.82% | 0.50x | $33.99 Million |
| Hiroca Holdings Ltd (1338) | $6.66 Billion | 6.02% | 0.52x | $41.60 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.35 Billion | 2.60% | 1.04x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $184.74 Million | -69.38% | 11.01x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.73 Billion | 4.76% | 0.96x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $3.16 Billion | 2.70% | 1.35x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.53 Billion | 13.32% | 1.15x | $146.61 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $146.38 Million |
About 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