Tatung Co Net Assets
Tatung Co net assets. Based on the latest financial reports, Tatung Co (2371) has net assets worth NT$64.46 Billion TWD (≈ $2.03 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$139.84 Billion ≈ $4.41 Billion USD) and total liabilities (NT$75.37 Billion ≈ $2.37 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. Also explore 2371 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$64.46 Billion |
| % of Total Assets | 46.1% |
| Annual Growth Rate | 0.41% |
| 5-Year Change | 219.34% |
| 10-Year Change | 55.66% |
| Growth Volatility | 46.21 |
Net Assets of Tatung Co (2000–2024)
Net assets of Tatung Co from 2000 to 2024. This chart illustrates how Tatung Co's net assets have evolved over time, based on quarterly financial data. See 2371 equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Tatung Co (2000–2024)
The table below shows the annual net assets of Tatung Co from 2000 to 2024. For live market cap and overall valuation, see Tatung Co (2371) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$76.14 Billion ≈ $2.40 Billion |
+15.96% |
| 2023-12-31 | NT$65.66 Billion ≈ $2.07 Billion |
+1.17% |
| 2022-12-31 | NT$64.90 Billion ≈ $2.04 Billion |
+155.31% |
| 2021-12-31 | NT$25.42 Billion ≈ $800.85 Million |
+6.62% |
| 2020-12-31 | NT$23.84 Billion ≈ $751.13 Million |
-16.80% |
| 2019-12-31 | NT$28.66 Billion ≈ $902.82 Million |
-7.34% |
| 2018-12-31 | NT$30.93 Billion ≈ $974.34 Million |
-63.52% |
| 2017-12-31 | NT$84.77 Billion ≈ $2.67 Billion |
-1.29% |
| 2016-12-31 | NT$85.88 Billion ≈ $2.71 Billion |
+75.59% |
| 2015-12-31 | NT$48.91 Billion ≈ $1.54 Billion |
-20.94% |
| 2014-12-31 | NT$61.87 Billion ≈ $1.95 Billion |
-0.61% |
| 2013-12-31 | NT$62.25 Billion ≈ $1.96 Billion |
+4.18% |
| 2012-12-31 | NT$59.75 Billion ≈ $1.88 Billion |
-21.48% |
| 2011-12-31 | NT$76.10 Billion ≈ $2.40 Billion |
-7.41% |
| 2010-12-31 | NT$82.18 Billion ≈ $2.59 Billion |
-8.71% |
| 2009-12-31 | NT$90.03 Billion ≈ $2.84 Billion |
-12.56% |
| 2008-12-31 | NT$102.96 Billion ≈ $3.24 Billion |
-15.56% |
| 2007-12-31 | NT$121.93 Billion ≈ $3.84 Billion |
+26.10% |
| 2006-12-31 | NT$96.70 Billion ≈ $3.05 Billion |
-13.83% |
| 2005-12-31 | NT$112.22 Billion ≈ $3.54 Billion |
+120.27% |
| 2004-12-31 | NT$50.95 Billion ≈ $1.61 Billion |
+13.21% |
| 2003-12-31 | NT$45.00 Billion ≈ $1.42 Billion |
-30.56% |
| 2002-12-31 | NT$64.81 Billion ≈ $2.04 Billion |
+12.05% |
| 2001-12-31 | NT$57.84 Billion ≈ $1.82 Billion |
-16.20% |
| 2000-12-31 | NT$69.02 Billion ≈ $2.17 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Tatung Co'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 531.2% over the analyzed period, indicating profitable operations and earnings retention.
Tatung Co Net Assets Breakdown (December 2024)
Tatung Co net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$22.15 Billion | 32.63% |
| Other Components | NT$45.72 Billion | 67.37% |
| Total Equity | NT$67.87 Billion | 100.00% |
Tatung Co Competitors by Market Cap
The table below lists competitors of Tatung Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SmartStop Self Storage REIT, Inc.
NYSE:SMA
|
$1.80 Billion |
|
Attendo AB (publ)
ST:ATT
|
$1.80 Billion |
|
Beijing Hualian Hypermarket Co Ltd
SHG:600361
|
$1.80 Billion |
|
Outokumpu Oyj
HE:OUT1V
|
$1.80 Billion |
|
Cloetta AB (publ)
ST:CLA-B
|
$1.80 Billion |
|
Korea Kolmar
KO:161890
|
$1.80 Billion |
|
Dime Community Bancshares, Inc.
NYSE:DCOM
|
$1.80 Billion |
|
ATS CORP
TO:ATS
|
$1.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tatung Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 54,662,812,000 to 67,869,825,000, a change of 13,207,013,000 (24.2%).
- Net income of 14,477,366,000 contributed positively to equity growth.
- Share repurchases of 4,189,276,000 reduced equity.
- New share issuances of 111,558,000 increased equity.
- Other factors increased equity by 2,807,365,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$14.48 Billion | +21.33% |
| Share Repurchases | NT$4.19 Billion | -6.17% |
| Share Issuances | NT$111.56 Million | +0.16% |
| Other Changes | NT$2.81 Billion | +4.14% |
| Total Change | NT$- | 24.16% |
Book Value vs Market Value Analysis
This analysis compares Tatung Co'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: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.27x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$22.02 | NT$27.95 | x |
| 2007-12-31 | NT$23.33 | NT$27.95 | x |
| 2008-12-31 | NT$19.18 | NT$27.95 | x |
| 2009-12-31 | NT$16.52 | NT$27.95 | x |
| 2010-12-31 | NT$13.33 | NT$27.95 | x |
| 2011-12-31 | NT$14.19 | NT$27.95 | x |
| 2012-12-31 | NT$13.23 | NT$27.95 | x |
| 2013-12-31 | NT$14.68 | NT$27.95 | x |
| 2014-12-31 | NT$15.15 | NT$27.95 | x |
| 2015-12-31 | NT$13.49 | NT$27.95 | x |
| 2016-12-31 | NT$13.12 | NT$27.95 | x |
| 2017-12-31 | NT$13.00 | NT$27.95 | x |
| 2018-12-31 | NT$14.74 | NT$27.95 | x |
| 2019-12-31 | NT$15.87 | NT$27.95 | x |
| 2020-12-31 | NT$15.03 | NT$27.95 | x |
| 2021-12-31 | NT$16.35 | NT$27.95 | x |
| 2022-12-31 | NT$21.90 | NT$27.95 | x |
| 2023-12-31 | NT$23.55 | NT$27.95 | x |
| 2024-12-31 | NT$30.51 | NT$27.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tatung Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.49%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.13x
- Recent ROE (21.33%) is above the historical average (-4.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.15% | 2.58% | 0.87x | 3.18x | NT$-1.40 Billion |
| 2003 | 0.30% | 0.14% | 0.91x | 2.47x | NT$-4.36 Billion |
| 2004 | 9.16% | 4.22% | 1.00x | 2.17x | NT$-427.74 Million |
| 2006 | -21.23% | -4.30% | 0.58x | 8.45x | NT$-12.03 Billion |
| 2007 | 8.08% | 1.56% | 0.71x | 7.34x | NT$-847.68 Million |
| 2008 | -18.43% | -3.66% | 0.66x | 7.64x | NT$-10.58 Billion |
| 2009 | -30.22% | -8.35% | 0.47x | 7.72x | NT$-13.20 Billion |
| 2010 | -11.28% | -2.20% | 0.66x | 7.71x | NT$-6.57 Billion |
| 2011 | 4.21% | 0.94% | 0.65x | 6.85x | NT$-1.90 Billion |
| 2012 | -11.50% | -3.27% | 0.53x | 6.59x | NT$-6.57 Billion |
| 2013 | -4.84% | -1.43% | 0.55x | 6.12x | NT$-4.94 Billion |
| 2014 | 1.06% | 0.32% | 0.53x | 6.22x | NT$-3.07 Billion |
| 2015 | -10.05% | -3.25% | 0.47x | 6.60x | NT$-6.13 Billion |
| 2016 | -7.91% | -3.02% | 0.33x | 8.04x | NT$-5.31 Billion |
| 2017 | 0.26% | 0.10% | 0.33x | 7.87x | NT$-2.83 Billion |
| 2018 | -32.25% | -17.56% | 0.44x | 4.22x | NT$-13.94 Billion |
| 2019 | -24.98% | -25.85% | 0.30x | 3.25x | NT$-12.82 Billion |
| 2020 | -14.21% | -15.76% | 0.29x | 3.15x | NT$-8.50 Billion |
| 2021 | 6.73% | 8.68% | 0.27x | 2.92x | NT$-1.25 Billion |
| 2022 | 14.12% | 20.93% | 0.26x | 2.61x | NT$2.11 Billion |
| 2023 | 4.81% | 5.22% | 0.37x | 2.51x | NT$-2.84 Billion |
| 2024 | 21.33% | 30.49% | 0.33x | 2.13x | NT$7.69 Billion |
Industry Comparison
This section compares Tatung Co's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $8,396,663,714
- Average return on equity (ROE) among peers: 1.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tatung Co (2371) | NT$64.46 Billion | 7.15% | 1.17x | $1.80 Billion |
| Lien Hwa Industrial Corp (1229) | $21.13 Billion | 7.23% | 0.23x | $2.23 Billion |
| Chung Fu Tex-International Corp (1435) | $630.83 Million | -6.26% | 0.96x | $92.70 Million |
| Radium Life Tech Co Ltd (2547) | $16.70 Billion | -2.55% | 3.23x | $313.07 Million |
| Eastern Media International Corp (2614) | $14.77 Billion | 0.89% | 0.42x | $141.77 Million |
| Kayee International Group Co Ltd (2939) | $730.07 Million | -18.49% | 0.36x | $34.58 Million |
| Billion Electric Co Ltd (3027) | $1.47 Billion | 11.19% | 0.48x | $71.74 Million |
| Eurocharm Holdings Co Ltd (5288) | $3.34 Billion | 18.79% | 0.98x | $394.16 Million |
About Tatung Co
Tatung Co., Ltd., through its subsidiaries, provides energy saving and green energy related systems and services in Taiwan, Rest of Asia, Europe, America, and internationally. It operates through Electric power, system integration and new energy; Electronic Manufacturing services; Consumer Electronics; Real Estate; and Other segments. The Electric Power and New Energy segment develops, manufactur… Read more