Turvo International Co Ltd
TURVO International Co., Ltd. engages in the development, production, and sale of precision metal parts and components. Its products are used in connector, sensor, industrial automation, medical equipment components, temperature control equipment, bicycle components, automotive engine, steering, drivetrain, chassis, and security systems. TURVO International Co., Ltd. operates in China, Germany, T… Read more
Turvo International Co Ltd (2233) - Net Assets
Latest net assets as of September 2025: NT$3.75 Billion TWD
Based on the latest financial reports, Turvo International Co Ltd (2233) has net assets worth NT$3.75 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$6.38 Billion) and total liabilities (NT$2.62 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$3.75 Billion |
| % of Total Assets | 58.88% |
| Annual Growth Rate | 20.07% |
| 5-Year Change | 42.81% |
| 10-Year Change | 85.02% |
| Growth Volatility | 39.72 |
Turvo International Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Turvo International 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 Turvo International Co Ltd (2009–2024)
The table below shows the annual net assets of Turvo International Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.06 Billion | +13.16% |
| 2023-12-31 | NT$3.58 Billion | +3.93% |
| 2022-12-31 | NT$3.45 Billion | +9.87% |
| 2021-12-31 | NT$3.14 Billion | +10.52% |
| 2020-12-31 | NT$2.84 Billion | +6.32% |
| 2019-12-31 | NT$2.67 Billion | -0.18% |
| 2018-12-31 | NT$2.68 Billion | +10.98% |
| 2017-12-31 | NT$2.41 Billion | +5.81% |
| 2016-12-31 | NT$2.28 Billion | +3.94% |
| 2015-12-31 | NT$2.19 Billion | -0.05% |
| 2014-12-31 | NT$2.19 Billion | +67.94% |
| 2013-12-31 | NT$1.31 Billion | +21.97% |
| 2012-12-31 | NT$1.07 Billion | +1.62% |
| 2011-12-31 | NT$1.05 Billion | +59.60% |
| 2010-12-31 | NT$660.02 Million | +153.16% |
| 2009-12-31 | NT$260.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Turvo International 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 2805.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.00 Billion | 49.30% |
| Common Stock | NT$602.88 Million | 14.90% |
| Other Comprehensive Income | NT$657.75 Million | 16.25% |
| Other Components | NT$791.09 Million | 19.55% |
| Total Equity | NT$4.05 Billion | 100.00% |
Turvo International Co Ltd Competitors by Market Cap
The table below lists competitors of Turvo International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SGC Energy Co Ltd
KO:005090
|
$232.22 Million |
|
Tiangong International Company Limited
F:34T1
|
$232.31 Million |
|
Dalian Friendship Group Co Ltd
SHE:000679
|
$232.35 Million |
|
Tangshan Jidong Equipment Engineering Co Ltd
SHE:000856
|
$232.37 Million |
|
DI Dong Il Corp
KO:001530
|
$232.14 Million |
|
Mo-Bruk SA
WAR:MBR
|
$232.09 Million |
|
Citi Trends Inc
NASDAQ:CTRN
|
$232.07 Million |
|
APAQ Technology Co Ltd
TW:6449
|
$232.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turvo International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,573,189,000 to 4,047,148,000, a change of 473,959,000 (13.3%).
- Net income of 661,028,000 contributed positively to equity growth.
- Dividend payments of 319,527,000 reduced retained earnings.
- Other comprehensive income increased equity by 827,858,999.
- Other factors decreased equity by 695,400,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$661.03 Million | +16.33% |
| Dividends Paid | NT$319.53 Million | -7.9% |
| Other Comprehensive Income | NT$827.86 Million | +20.46% |
| Other Changes | NT$-695.40 Million | -17.18% |
| Total Change | NT$- | 13.26% |
Book Value vs Market Value Analysis
This analysis compares Turvo International 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: 3.54x
- 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 42.24x to 3.54x 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$5.61 | NT$237.00 | x |
| 2010-12-31 | NT$14.87 | NT$237.00 | x |
| 2011-12-31 | NT$21.88 | NT$237.00 | x |
| 2012-12-31 | NT$20.42 | NT$237.00 | x |
| 2013-12-31 | NT$25.72 | NT$237.00 | x |
| 2014-12-31 | NT$40.26 | NT$237.00 | x |
| 2015-12-31 | NT$36.11 | NT$237.00 | x |
| 2016-12-31 | NT$37.61 | NT$237.00 | x |
| 2017-12-31 | NT$39.78 | NT$237.00 | x |
| 2018-12-31 | NT$43.10 | NT$237.00 | x |
| 2019-12-31 | NT$43.27 | NT$237.00 | x |
| 2020-12-31 | NT$46.39 | NT$237.00 | x |
| 2021-12-31 | NT$51.54 | NT$237.00 | x |
| 2022-12-31 | NT$56.70 | NT$237.00 | x |
| 2023-12-31 | NT$59.07 | NT$237.00 | x |
| 2024-12-31 | NT$66.99 | NT$237.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turvo International 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): 16.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.07%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.50x
- Recent ROE (16.33%) is below the historical average (17.07%), 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 | 26.25% | 13.29% | 0.98x | 2.02x | NT$42.37 Million |
| 2010 | 26.07% | 20.25% | 0.80x | 1.60x | NT$106.07 Million |
| 2011 | 17.80% | 16.93% | 0.71x | 1.49x | NT$82.17 Million |
| 2012 | 17.39% | 13.58% | 0.89x | 1.44x | NT$79.15 Million |
| 2013 | 21.90% | 15.88% | 0.89x | 1.54x | NT$155.33 Million |
| 2014 | 12.69% | 14.02% | 0.73x | 1.25x | NT$58.62 Million |
| 2015 | 11.40% | 12.67% | 0.71x | 1.27x | NT$30.59 Million |
| 2016 | 15.00% | 15.99% | 0.66x | 1.42x | NT$113.95 Million |
| 2017 | 16.43% | 16.58% | 0.71x | 1.40x | NT$155.09 Million |
| 2018 | 16.26% | 16.64% | 0.70x | 1.39x | NT$163.38 Million |
| 2019 | 11.69% | 12.97% | 0.61x | 1.48x | NT$44.14 Million |
| 2020 | 13.40% | 14.78% | 0.59x | 1.53x | NT$95.08 Million |
| 2021 | 17.42% | 16.79% | 0.66x | 1.58x | NT$231.12 Million |
| 2022 | 18.12% | 18.58% | 0.67x | 1.45x | NT$278.97 Million |
| 2023 | 14.94% | 16.00% | 0.65x | 1.45x | NT$176.64 Million |
| 2024 | 16.33% | 18.07% | 0.60x | 1.50x | NT$256.31 Million |
Industry Comparison
This section compares Turvo International Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,532,689,500
- Average return on equity (ROE) among peers: 12.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Turvo International Co Ltd (2233) | NT$3.75 Billion | 26.25% | 0.70x | $232.17 Million |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Kaulin Mfg (1531) | $4.60 Billion | 7.11% | 0.29x | $39.04 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Goodway Machine Corp (1583) | $4.00 Billion | 10.09% | 1.15x | $28.04 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |