Tatung Co (2371) - Net Assets

Latest as of June 2025: NT$64.46 Billion TWD ≈ $2.03 Billion USD

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. Check asset resilience ratio of Tatung Co to evaluate the company's liquid asset resilience ratio.

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

Tatung Co - Net Assets Trend (2000–2024)

This chart illustrates how Tatung Co's net assets have evolved over time, based on quarterly financial data. Also explore Tatung Co assets under control for the complete picture of this company's asset base.

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 valuation and market cap data, see market value of Tatung Co.

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		 --

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.

Current Equity Component Breakdown (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
Dalrymple Bay Infrastructure Ltd
AU:DBI
 $1.95 Billion
TD Power Systems Limited
NSE:TDPOWERSYS
 $1.95 Billion
Atrium Ljungberg AB (publ)
ST:ATRLJ-B
 $1.95 Billion
Eris Lifesciences Limited
NSE:ERIS
 $1.95 Billion
NCR Atleos Corporation
NYSE:NATL
 $1.95 Billion
Zhejiang Wolwo Bio-Pharmaceutical Co Ltd
SHE:300357
 $1.95 Billion
PARK24 SPONS. ADR/1
F:3WN
 $1.95 Billion
Yangling Metron New Material Co Ltd
SHE:300861
 $1.95 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: 0.99x
  • 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 1.37x to 0.99x 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$30.20 x
2007-12-31 NT$23.33 NT$30.20 x
2008-12-31 NT$19.18 NT$30.20 x
2009-12-31 NT$16.52 NT$30.20 x
2010-12-31 NT$13.33 NT$30.20 x
2011-12-31 NT$14.19 NT$30.20 x
2012-12-31 NT$13.23 NT$30.20 x
2013-12-31 NT$14.68 NT$30.20 x
2014-12-31 NT$15.15 NT$30.20 x
2015-12-31 NT$13.49 NT$30.20 x
2016-12-31 NT$13.12 NT$30.20 x
2017-12-31 NT$13.00 NT$30.20 x
2018-12-31 NT$14.74 NT$30.20 x
2019-12-31 NT$15.87 NT$30.20 x
2020-12-31 NT$15.03 NT$30.20 x
2021-12-31 NT$16.35 NT$30.20 x
2022-12-31 NT$21.90 NT$30.20 x
2023-12-31 NT$23.55 NT$30.20 x
2024-12-31 NT$30.51 NT$30.20 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: $6,201,909,000
  • Average return on equity (ROE) among peers: 12.18%

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 $1.95 Billion
Lien Hwa Industrial Corp (1229) $11.55 Billion 7.99% 0.30x $2.33 Billion
Chung Fu Tex-International Corp (1435) $1.35 Billion -3.11% 0.14x $56.59 Million
Radium Life Tech Co Ltd (2547) $12.28 Billion 3.31% 3.56x $337.53 Million
Eastern Media International Corp (2614) $8.86 Billion 0.00% 1.00x $208.27 Million
Kayee International Group Co Ltd (2939) $1.53 Billion 56.15% 0.34x $36.02 Million
Billion Electric Co Ltd (3027) $1.72 Billion 2.31% 0.92x $75.58 Million
Eurocharm Holdings Co Ltd (5288) $6.13 Billion 18.63% 0.24x $364.68 Million

About Tatung Co

TW:2371 Taiwan Conglomerates
Market Cap
$1.95 Billion
NT$61.79 Billion TWD
Market Cap Rank
#6378 Global
#178 in Taiwan
Share Price
NT$30.20
Change (1 day)
-2.89%
52-Week Range
NT$30.00 - NT$44.90
All Time High
NT$69.10
Categories
Companies in Taiwan Conglomerates
About

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