Tsann Kuen Enterprise Co Ltd
Tsann Kuen Enterprise Co.,Ltd, through its subsidiaries, engages in the trading of various 3C department stores. It operates through Circulation department and others segments. The company was founded in 1978 and is based in Taipei, Taiwan.
Tsann Kuen Enterprise Co Ltd (2430) - Net Assets
Latest net assets as of September 2025: NT$4.35 Billion TWD
Based on the latest financial reports, Tsann Kuen Enterprise Co Ltd (2430) has net assets worth NT$4.35 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$13.44 Billion) and total liabilities (NT$9.09 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$4.35 Billion |
| % of Total Assets | 32.36% |
| Annual Growth Rate | -0.95% |
| 5-Year Change | -6.09% |
| 10-Year Change | -0.99% |
| Growth Volatility | 25.7 |
Tsann Kuen Enterprise Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Tsann Kuen Enterprise 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 Tsann Kuen Enterprise Co Ltd (2000–2024)
The table below shows the annual net assets of Tsann Kuen Enterprise Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.50 Billion | -1.28% |
| 2023-12-31 | NT$4.55 Billion | -3.67% |
| 2022-12-31 | NT$4.73 Billion | -8.81% |
| 2021-12-31 | NT$5.18 Billion | +8.30% |
| 2020-12-31 | NT$4.79 Billion | +2.61% |
| 2019-12-31 | NT$4.67 Billion | -1.17% |
| 2018-12-31 | NT$4.72 Billion | -0.26% |
| 2017-12-31 | NT$4.73 Billion | -1.26% |
| 2016-12-31 | NT$4.79 Billion | +5.57% |
| 2015-12-31 | NT$4.54 Billion | +0.83% |
| 2014-12-31 | NT$4.50 Billion | -6.97% |
| 2013-12-31 | NT$4.84 Billion | +3.23% |
| 2012-12-31 | NT$4.69 Billion | -1.32% |
| 2011-12-31 | NT$4.75 Billion | +7.64% |
| 2010-12-31 | NT$4.41 Billion | +68.33% |
| 2009-12-31 | NT$2.62 Billion | -64.51% |
| 2008-12-31 | NT$7.39 Billion | +6.62% |
| 2007-12-31 | NT$6.93 Billion | +62.34% |
| 2006-12-31 | NT$4.27 Billion | -47.76% |
| 2005-12-31 | NT$8.17 Billion | -1.96% |
| 2004-12-31 | NT$8.34 Billion | -0.19% |
| 2003-12-31 | NT$8.35 Billion | +7.86% |
| 2002-12-31 | NT$7.74 Billion | +13.54% |
| 2001-12-31 | NT$6.82 Billion | +20.68% |
| 2000-12-31 | NT$5.65 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tsann Kuen Enterprise 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 118.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.04 Billion | 23.08% |
| Common Stock | NT$1.17 Billion | 25.98% |
| Other Comprehensive Income | NT$1.04 Billion | 23.23% |
| Other Components | NT$1.25 Billion | 27.71% |
| Total Equity | NT$4.50 Billion | 100.00% |
Tsann Kuen Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Tsann Kuen Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JF Technology BHD
KLSE:0146
|
$32.65 Million |
|
FnGuide Inc.
KQ:064850
|
$32.66 Million |
|
Falcon's Beyond Global, Inc. Class A Common Stock
NASDAQ:FBYD
|
$32.66 Million |
|
Alaska Silver Corp.
F:MK7
|
$32.66 Million |
|
ONCOTHERAPY SCIENCE INC.
F:30O
|
$32.63 Million |
|
All Cosmos Bio-Tech Holding Corp
TW:4148
|
$32.62 Million |
|
GIIR Inc
KO:035000
|
$32.62 Million |
|
Helios Energy Limited
PINK:HLEGF
|
$32.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tsann Kuen Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,554,094,000 to 4,495,628,000, a change of -58,466,000 (-1.3%).
- Net income of 188,437,000 contributed positively to equity growth.
- Dividend payments of 256,960,000 reduced retained earnings.
- Other comprehensive income increased equity by 28,596,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$188.44 Million | +4.19% |
| Dividends Paid | NT$256.96 Million | -5.72% |
| Other Comprehensive Income | NT$28.60 Million | +0.64% |
| Other Changes | NT$-18.54 Million | -0.41% |
| Total Change | NT$- | -1.28% |
Book Value vs Market Value Analysis
This analysis compares Tsann Kuen Enterprise 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: 0.59x
- 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 1.64x to 0.59x 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$13.88 | NT$22.75 | x |
| 2007-12-31 | NT$22.81 | NT$22.75 | x |
| 2008-12-31 | NT$24.12 | NT$22.75 | x |
| 2009-12-31 | NT$12.34 | NT$22.75 | x |
| 2010-12-31 | NT$42.17 | NT$22.75 | x |
| 2011-12-31 | NT$40.22 | NT$22.75 | x |
| 2012-12-31 | NT$39.75 | NT$22.75 | x |
| 2013-12-31 | NT$38.41 | NT$22.75 | x |
| 2014-12-31 | NT$36.67 | NT$22.75 | x |
| 2015-12-31 | NT$38.37 | NT$22.75 | x |
| 2016-12-31 | NT$41.00 | NT$22.75 | x |
| 2017-12-31 | NT$40.48 | NT$22.75 | x |
| 2018-12-31 | NT$40.34 | NT$22.75 | x |
| 2019-12-31 | NT$39.84 | NT$22.75 | x |
| 2020-12-31 | NT$40.84 | NT$22.75 | x |
| 2021-12-31 | NT$44.22 | NT$22.75 | x |
| 2022-12-31 | NT$34.06 | NT$22.75 | x |
| 2023-12-31 | NT$38.89 | NT$22.75 | x |
| 2024-12-31 | NT$38.41 | NT$22.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tsann Kuen Enterprise 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): 4.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.99%
- • Asset Turnover: 1.37x
- • Equity Multiplier: 3.08x
- Recent ROE (4.19%) is below the historical average (12.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.32% | 2.72% | 1.35x | 3.35x | NT$88.45 Million |
| 2001 | 14.47% | 3.47% | 1.31x | 3.17x | NT$204.94 Million |
| 2002 | 28.88% | 5.79% | 1.39x | 3.58x | NT$983.59 Million |
| 2003 | 17.14% | 2.56% | 1.29x | 5.21x | NT$406.09 Million |
| 2004 | 17.82% | 1.96% | 1.94x | 4.68x | NT$474.08 Million |
| 2005 | 45.78% | 5.52% | 1.71x | 4.85x | NT$2.21 Billion |
| 2006 | -53.51% | -3.54% | 2.00x | 7.58x | NT$-2.31 Billion |
| 2007 | 39.31% | 4.12% | 2.17x | 4.40x | NT$1.74 Billion |
| 2008 | 8.81% | 1.06% | 2.38x | 3.49x | NT$-74.55 Million |
| 2009 | 32.76% | 2.14% | 4.71x | 3.25x | NT$596.79 Million |
| 2010 | 21.95% | 3.48% | 2.59x | 2.43x | NT$527.69 Million |
| 2011 | 22.65% | 3.67% | 2.53x | 2.45x | NT$601.22 Million |
| 2012 | 15.41% | 2.51% | 2.77x | 2.22x | NT$253.83 Million |
| 2013 | 11.50% | 2.03% | 2.32x | 2.45x | NT$67.82 Million |
| 2014 | 2.56% | 0.47% | 2.26x | 2.40x | NT$-320.88 Million |
| 2015 | 6.63% | 1.31% | 2.38x | 2.14x | NT$-152.34 Million |
| 2016 | 9.99% | 2.16% | 2.23x | 2.08x | NT$-438.50K |
| 2017 | 5.76% | 1.31% | 2.07x | 2.12x | NT$-200.78 Million |
| 2018 | 4.73% | 1.09% | 2.22x | 1.96x | NT$-248.52 Million |
| 2019 | 4.54% | 1.12% | 1.43x | 2.83x | NT$-254.71 Million |
| 2020 | 6.44% | 1.58% | 1.40x | 2.92x | NT$-170.32 Million |
| 2021 | 12.61% | 2.88% | 1.43x | 3.06x | NT$135.27 Million |
| 2022 | 12.55% | 2.66% | 1.49x | 3.17x | NT$120.37 Million |
| 2023 | 6.12% | 1.39% | 1.41x | 3.11x | NT$-176.67 Million |
| 2024 | 4.19% | 0.99% | 1.37x | 3.08x | NT$-261.13 Million |
Industry Comparison
This section compares Tsann Kuen Enterprise Co Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $7,155,259,889
- Average return on equity (ROE) among peers: 13.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tsann Kuen Enterprise Co Ltd (2430) | NT$4.35 Billion | 12.32% | 2.09x | $32.65 Million |
| Shan-Loong Transportation Co Ltd (2616) | $2.88 Billion | 7.37% | 0.95x | $46.17 Million |
| Gseven Co Ltd (2937) | $415.06 Million | 9.40% | 1.38x | $17.88 Million |
| Zhen Yu Hardware Co., Ltd. (2947) | $735.63 Million | 6.08% | 3.07x | $21.12 Million |
| Taiwan Mobile Co Ltd (3045) | $50.81 Billion | 28.92% | 0.82x | $4.88 Billion |
| Scan-D (6195) | $1.37 Billion | 19.67% | 1.19x | $19.23 Million |
| E-Life Mall Corp (6281) | $1.39 Billion | 22.75% | 1.28x | $111.02 Million |
| Afastor Corporation (6707) | $853.44 Million | 7.12% | 4.70x | $7.43K |
| Bon Fame Co Ltd (8433) | $1.34 Billion | 16.02% | 1.00x | $39.80 Million |
| North-Star International Co Ltd (8927) | $4.60 Billion | 2.86% | 2.63x | $152.61 Million |