Space Shuttle Hi-Tech Co Ltd (2440) - Net Assets
Based on the latest financial reports, Space Shuttle Hi-Tech Co Ltd (2440) has net assets worth NT$1.18 Billion TWD (≈ $37.25 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.46 Billion ≈ $77.59 Million USD) and total liabilities (NT$1.28 Billion ≈ $40.34 Million 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 2440 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.18 Billion |
| % of Total Assets | 48.01% |
| Annual Growth Rate | -0.91% |
| 5-Year Change | -2.43% |
| 10-Year Change | 6.74% |
| Growth Volatility | 11.11 |
Space Shuttle Hi-Tech Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Space Shuttle Hi-Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Space Shuttle Hi-Tech Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Space Shuttle Hi-Tech Co Ltd (2000–2024)
The table below shows the annual net assets of Space Shuttle Hi-Tech Co Ltd from 2000 to 2024. For live valuation and market cap data, see market value of Space Shuttle Hi-Tech Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.23 Billion ≈ $38.67 Million |
-0.45% |
| 2023-12-31 | NT$1.23 Billion ≈ $38.84 Million |
-11.64% |
| 2022-12-31 | NT$1.40 Billion ≈ $43.96 Million |
-0.78% |
| 2021-12-31 | NT$1.41 Billion ≈ $44.30 Million |
+11.80% |
| 2020-12-31 | NT$1.26 Billion ≈ $39.63 Million |
+20.20% |
| 2019-12-31 | NT$1.05 Billion ≈ $32.97 Million |
-11.05% |
| 2018-12-31 | NT$1.18 Billion ≈ $37.06 Million |
-1.77% |
| 2017-12-31 | NT$1.20 Billion ≈ $37.73 Million |
+5.66% |
| 2016-12-31 | NT$1.13 Billion ≈ $35.71 Million |
-1.42% |
| 2015-12-31 | NT$1.15 Billion ≈ $36.22 Million |
-3.48% |
| 2014-12-31 | NT$1.19 Billion ≈ $37.53 Million |
+1.84% |
| 2013-12-31 | NT$1.17 Billion ≈ $36.85 Million |
-4.79% |
| 2012-12-31 | NT$1.23 Billion ≈ $38.70 Million |
-14.65% |
| 2011-12-31 | NT$1.44 Billion ≈ $45.34 Million |
-6.13% |
| 2010-12-31 | NT$1.53 Billion ≈ $48.31 Million |
-5.92% |
| 2009-12-31 | NT$1.63 Billion ≈ $51.35 Million |
+5.85% |
| 2008-12-31 | NT$1.54 Billion ≈ $48.51 Million |
-20.79% |
| 2007-12-31 | NT$1.94 Billion ≈ $61.24 Million |
+10.01% |
| 2006-12-31 | NT$1.77 Billion ≈ $55.67 Million |
-6.78% |
| 2005-12-31 | NT$1.90 Billion ≈ $59.72 Million |
-15.82% |
| 2004-12-31 | NT$2.25 Billion ≈ $70.94 Million |
+16.35% |
| 2003-12-31 | NT$1.94 Billion ≈ $60.97 Million |
-4.56% |
| 2002-12-31 | NT$2.03 Billion ≈ $63.88 Million |
+6.72% |
| 2001-12-31 | NT$1.90 Billion ≈ $59.86 Million |
+24.45% |
| 2000-12-31 | NT$1.53 Billion ≈ $48.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Space Shuttle Hi-Tech 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 decreased by 171.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.42 Billion | 116.00% |
| Total Equity | NT$1.23 Billion | 100.00% |
Space Shuttle Hi-Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Space Shuttle Hi-Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Progress-Werk Oberkirch AG
XETRA:PWO
|
$80.00 Million |
|
Ibkimyoung Co. Ltd
KQ:339950
|
$80.08 Million |
|
Highland Copper Company Inc.
V:HI
|
$80.10 Million |
|
Senzime AB
ST:SEZI
|
$80.11 Million |
|
Cryomax Cooling System Corp
TW:1587
|
$79.95 Million |
|
Taeyang Metal
KO:004100
|
$79.85 Million |
|
Champions Oncology Inc
NASDAQ:CSBR
|
$79.85 Million |
|
DreamCIS Inc
KQ:223250
|
$79.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Space Shuttle Hi-Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,232,829,000 to 1,227,262,000, a change of -5,567,000 (-0.5%).
- Net loss of 59,496,000 reduced equity.
- Other comprehensive income increased equity by 20,827,000.
- Other factors increased equity by 33,102,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-59.50 Million | -4.85% |
| Other Comprehensive Income | NT$20.83 Million | +1.7% |
| Other Changes | NT$33.10 Million | +2.7% |
| Total Change | NT$- | -0.45% |
Book Value vs Market Value Analysis
This analysis compares Space Shuttle Hi-Tech 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: 2.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.68x to 2.07x 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$10.84 | NT$18.25 | x |
| 2010-12-31 | NT$10.22 | NT$18.25 | x |
| 2011-12-31 | NT$9.79 | NT$18.25 | x |
| 2012-12-31 | NT$8.26 | NT$18.25 | x |
| 2013-12-31 | NT$8.41 | NT$18.25 | x |
| 2014-12-31 | NT$8.56 | NT$18.25 | x |
| 2015-12-31 | NT$8.26 | NT$18.25 | x |
| 2016-12-31 | NT$8.15 | NT$18.25 | x |
| 2017-12-31 | NT$8.61 | NT$18.25 | x |
| 2018-12-31 | NT$8.46 | NT$18.25 | x |
| 2019-12-31 | NT$7.52 | NT$18.25 | x |
| 2020-12-31 | NT$9.04 | NT$18.25 | x |
| 2021-12-31 | NT$10.10 | NT$18.25 | x |
| 2022-12-31 | NT$10.03 | NT$18.25 | x |
| 2023-12-31 | NT$8.86 | NT$18.25 | x |
| 2024-12-31 | NT$8.82 | NT$18.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Space Shuttle Hi-Tech 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): -4.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.49%
- • Asset Turnover: 1.72x
- • Equity Multiplier: 1.88x
- Recent ROE (-4.85%) is below the historical average (0.42%), 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 | 10.98% | 6.52% | 0.74x | 2.28x | NT$14.92 Million |
| 2001 | 0.14% | 0.11% | 0.63x | 2.04x | NT$-187.31 Million |
| 2002 | 2.21% | 1.63% | 0.55x | 2.47x | NT$-158.01 Million |
| 2004 | 0.29% | 0.26% | 0.59x | 1.91x | NT$-218.58 Million |
| 2007 | 8.25% | 3.79% | 1.06x | 2.06x | NT$-32.21 Million |
| 2009 | 6.95% | 5.07% | 0.79x | 1.73x | NT$-45.99 Million |
| 2010 | 3.43% | 1.89% | 0.99x | 1.83x | NT$-93.41 Million |
| 2011 | -6.74% | -3.87% | 0.92x | 1.89x | NT$-227.92 Million |
| 2012 | -16.46% | -8.71% | 0.93x | 2.03x | NT$-304.18 Million |
| 2013 | -6.49% | -3.50% | 0.98x | 1.89x | NT$-192.92 Million |
| 2014 | -0.94% | -0.44% | 1.05x | 2.02x | NT$-130.33 Million |
| 2015 | -2.14% | -1.01% | 1.10x | 1.93x | NT$-139.60 Million |
| 2016 | 0.81% | 0.40% | 1.04x | 1.96x | NT$-104.15 Million |
| 2017 | 9.80% | 3.78% | 1.20x | 2.15x | NT$-2.43 Million |
| 2018 | -4.93% | -1.71% | 1.28x | 2.26x | NT$-175.59 Million |
| 2019 | -3.52% | -1.33% | 1.18x | 2.24x | NT$-141.52 Million |
| 2020 | 17.47% | 7.35% | 1.37x | 1.74x | NT$93.99 Million |
| 2021 | 7.44% | 2.49% | 1.68x | 1.78x | NT$-35.93 Million |
| 2022 | -1.67% | -0.75% | 1.48x | 1.52x | NT$-162.89 Million |
| 2023 | -11.15% | -4.65% | 1.36x | 1.76x | NT$-260.76 Million |
| 2024 | -4.85% | -1.49% | 1.72x | 1.88x | NT$-182.22 Million |
Industry Comparison
This section compares Space Shuttle Hi-Tech Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,912,262,400
- Average return on equity (ROE) among peers: 4.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Space Shuttle Hi-Tech Co Ltd (2440) | NT$1.18 Billion | 10.98% | 1.08x | $79.99 Million |
| Shihlin Electric & Engineering Corp (1503) | $28.69 Billion | 7.01% | 0.72x | $3.11 Billion |
| Allis Electric Co Ltd (1514) | $2.18 Billion | 0.00% | 0.81x | $920.17 Million |
| Fortune Electric Co Ltd (1519) | $2.42 Billion | 9.14% | 1.69x | $8.84 Billion |
| Klingon Aerospace Inc (1529) | $1.88 Billion | 8.88% | 0.69x | $106.03 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $1.30 Billion | 2.54% | 1.20x | $318.00 Million |
| Chieftek Precision Co Ltd (1597) | $1.32 Billion | 5.36% | 0.73x | $394.51 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $7.29 Billion | -8.48% | 0.57x | $437.03 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $7.88 Billion | 5.93% | 1.34x | $794.28 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $4.92 Billion | 1.04% | 0.18x | $355.01 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.25 Billion | 13.75% | 0.92x | $283.16 Million |
About Space Shuttle Hi-Tech Co Ltd
Space Shuttle Hi-Tech Co., Ltd., together with its subsidiaries, manufactures and sells telecommunication wires and cables in Taiwan. It operates through four divisions: Wires, Electrical Products, Optical Cables, and Optic Electrical. The company offers a range of wires for the computer, communication cable, and various electronic products. It also operates in Mainland China, Japan, Europe, and … Read more