Twinhead International Corp
Twinhead International Corp., together with its subsidiaries, designs, develops, manufactures, and sells computers, computer components, peripherals, software, ASIC chips, and workstations in Europe, the Americas, Asia, and internationally. The company offers rugged laptops and tablets under the DURABOOK brand; PDAs, calculators and their parts, and computer keyboards; and imports, exports, and t… Read more
Twinhead International Corp (2364) - Net Assets
Latest net assets as of September 2025: NT$755.45 Million TWD
Based on the latest financial reports, Twinhead International Corp (2364) has net assets worth NT$755.45 Million 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$1.67 Billion) and total liabilities (NT$916.61 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$755.45 Million |
| % of Total Assets | 45.18% |
| Annual Growth Rate | -7.11% |
| 5-Year Change | 131.2% |
| 10-Year Change | 6.98% |
| Growth Volatility | 17.04 |
Twinhead International Corp - Net Assets Trend (2002–2024)
This chart illustrates how Twinhead International Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Twinhead International Corp (2002–2024)
The table below shows the annual net assets of Twinhead International Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$592.86 Million | +38.44% |
| 2023-12-31 | NT$428.23 Million | +31.46% |
| 2022-12-31 | NT$325.74 Million | +14.05% |
| 2021-12-31 | NT$285.61 Million | +11.38% |
| 2020-12-31 | NT$256.43 Million | +1.35% |
| 2019-12-31 | NT$253.02 Million | -23.46% |
| 2018-12-31 | NT$330.58 Million | -19.05% |
| 2017-12-31 | NT$408.35 Million | -6.28% |
| 2016-12-31 | NT$435.72 Million | -21.38% |
| 2015-12-31 | NT$554.21 Million | -24.16% |
| 2014-12-31 | NT$730.73 Million | -20.63% |
| 2013-12-31 | NT$920.66 Million | -17.43% |
| 2012-12-31 | NT$1.11 Billion | -18.07% |
| 2011-12-31 | NT$1.36 Billion | +4.75% |
| 2010-12-31 | NT$1.30 Billion | -8.07% |
| 2009-12-31 | NT$1.41 Billion | -9.27% |
| 2008-12-31 | NT$1.56 Billion | -4.56% |
| 2007-12-31 | NT$1.63 Billion | +0.86% |
| 2006-12-31 | NT$1.62 Billion | -27.24% |
| 2005-12-31 | NT$2.22 Billion | -15.17% |
| 2004-12-31 | NT$2.62 Billion | -8.57% |
| 2003-12-31 | NT$2.87 Billion | -4.65% |
| 2002-12-31 | NT$3.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Twinhead International Corp'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 16634000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$166.34 Million | 26.76% |
| Common Stock | NT$402.99 Million | 64.84% |
| Other Comprehensive Income | NT$52.22 Million | 8.40% |
| Other Components | NT$11.00K | 0.00% |
| Total Equity | NT$621.56 Million | 100.00% |
Twinhead International Corp Competitors by Market Cap
The table below lists competitors of Twinhead International Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kunyue Development Co Ltd
TWO:5206
|
$44.60 Million |
|
Ok Biotech Co Ltd
TW:4155
|
$44.61 Million |
|
Hai Phong Hoang Ha Paper JSC
VN:HHP
|
$44.62 Million |
|
INTRED S.P.A.
F:M7P
|
$44.63 Million |
|
Precision System Science Co. Ltd.
PINK:PCNEF
|
$44.57 Million |
|
Southeastern Banking Corp
PINK:SEBC
|
$44.57 Million |
|
Commencement Bancorp Inc
OTCQX:CBWA
|
$44.57 Million |
|
Megasoft Limited
NSE:MEGASOFT
|
$44.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Twinhead International Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 453,239,000 to 621,556,000, a change of 168,317,000 (37.1%).
- Net income of 164,724,000 contributed positively to equity growth.
- Dividend payments of 2,000 reduced retained earnings.
- Other comprehensive income increased equity by 22,985,000.
- Other factors decreased equity by 19,390,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$164.72 Million | +26.5% |
| Dividends Paid | NT$2.00K | -0.0% |
| Other Comprehensive Income | NT$22.98 Million | +3.7% |
| Other Changes | NT$-19.39 Million | -3.12% |
| Total Change | NT$- | 37.14% |
Book Value vs Market Value Analysis
This analysis compares Twinhead International Corp'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: 4.10x
- 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 increased from 0.51x to 4.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$122.81 | NT$62.90 | x |
| 2010-12-31 | NT$112.90 | NT$62.90 | x |
| 2011-12-31 | NT$114.47 | NT$62.90 | x |
| 2012-12-31 | NT$96.88 | NT$62.90 | x |
| 2013-12-31 | NT$79.99 | NT$62.90 | x |
| 2014-12-31 | NT$63.48 | NT$62.90 | x |
| 2015-12-31 | NT$48.14 | NT$62.90 | x |
| 2016-12-31 | NT$37.51 | NT$62.90 | x |
| 2017-12-31 | NT$20.81 | NT$62.90 | x |
| 2018-12-31 | NT$13.26 | NT$62.90 | x |
| 2019-12-31 | NT$8.86 | NT$62.90 | x |
| 2020-12-31 | NT$8.72 | NT$62.90 | x |
| 2021-12-31 | NT$9.66 | NT$62.90 | x |
| 2022-12-31 | NT$11.09 | NT$62.90 | x |
| 2023-12-31 | NT$11.20 | NT$62.90 | x |
| 2024-12-31 | NT$15.35 | NT$62.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Twinhead International Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.18%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.39x
- Recent ROE (26.50%) is above the historical average (-9.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 1.03% | 0.47% | 1.03x | 2.14x | NT$-146.35 Million |
| 2009 | -12.76% | -9.13% | 0.76x | 1.83x | NT$-321.62 Million |
| 2010 | -8.45% | -5.23% | 0.87x | 1.86x | NT$-239.77 Million |
| 2011 | 3.72% | 2.32% | 0.93x | 1.72x | NT$-85.42 Million |
| 2012 | -22.04% | -18.20% | 0.75x | 1.62x | NT$-357.24 Million |
| 2013 | -21.14% | -21.32% | 0.54x | 1.83x | NT$-286.64 Million |
| 2014 | -27.15% | -23.27% | 0.58x | 2.01x | NT$-271.44 Million |
| 2015 | -32.26% | -21.66% | 0.58x | 2.55x | NT$-234.14 Million |
| 2016 | -41.03% | -21.13% | 0.72x | 2.70x | NT$-222.30 Million |
| 2017 | -46.95% | -31.84% | 0.52x | 2.82x | NT$-232.50 Million |
| 2018 | -21.08% | -7.54% | 0.81x | 3.43x | NT$-102.23 Million |
| 2019 | -29.92% | -9.92% | 0.72x | 4.16x | NT$-109.68 Million |
| 2020 | 5.71% | 1.79% | 0.74x | 4.32x | NT$-11.59 Million |
| 2021 | 9.35% | 3.25% | 0.77x | 3.74x | NT$-1.96 Million |
| 2022 | 23.04% | 8.52% | 0.81x | 3.35x | NT$45.06 Million |
| 2023 | 24.01% | 10.07% | 0.83x | 2.88x | NT$63.49 Million |
| 2024 | 26.50% | 13.18% | 0.84x | 2.39x | NT$102.57 Million |
Industry Comparison
This section compares Twinhead International Corp's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Twinhead International Corp (2364) | NT$755.45 Million | 1.03% | 1.21x | $44.59 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |