Success Prime Corp
Success Prime Corporation offers education services in Taiwan. It provides contracting teachers and course management services. The company also offers in-person tutoring, consulting, digital learning, and preschool board game courses; single-subject progression courses; tutorial courses for college entrance exams, advanced subjects test, and admission written/oral interviews; pre-exam intensive … Read more
Success Prime Corp (2496) - Net Assets
Latest net assets as of September 2025: NT$856.43 Million TWD
Based on the latest financial reports, Success Prime Corp (2496) has net assets worth NT$856.43 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$1.38 Billion) and total liabilities (NT$525.24 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$856.43 Million |
| % of Total Assets | 61.98% |
| Annual Growth Rate | 3.37% |
| 5-Year Change | 10.85% |
| 10-Year Change | 1834.21% |
| Growth Volatility | 318.01 |
Success Prime Corp - Net Assets Trend (2003–2024)
This chart illustrates how Success Prime 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 Success Prime Corp (2003–2024)
The table below shows the annual net assets of Success Prime Corp from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$899.49 Million | +5.33% |
| 2023-12-31 | NT$853.96 Million | +5.31% |
| 2022-12-31 | NT$810.87 Million | +2.67% |
| 2021-12-31 | NT$789.79 Million | -2.67% |
| 2020-12-31 | NT$811.45 Million | +2.51% |
| 2019-12-31 | NT$791.55 Million | +0.60% |
| 2018-12-31 | NT$786.81 Million | +0.65% |
| 2017-12-31 | NT$781.76 Million | +14.20% |
| 2016-12-31 | NT$684.56 Million | +1372.04% |
| 2015-12-31 | NT$46.50 Million | +77.83% |
| 2014-12-31 | NT$26.15 Million | -77.28% |
| 2013-12-31 | NT$115.12 Million | +38.21% |
| 2012-12-31 | NT$83.29 Million | +38.61% |
| 2011-12-31 | NT$60.09 Million | -50.88% |
| 2010-12-31 | NT$122.33 Million | -31.39% |
| 2009-12-31 | NT$178.30 Million | -8.84% |
| 2008-12-31 | NT$195.59 Million | +611.81% |
| 2007-12-31 | NT$27.48 Million | +96.01% |
| 2006-12-31 | NT$14.02 Million | -88.06% |
| 2005-12-31 | NT$117.37 Million | -55.76% |
| 2004-12-31 | NT$265.32 Million | -40.89% |
| 2003-12-31 | NT$448.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Success Prime 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 35521100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$355.21 Million | 39.81% |
| Common Stock | NT$191.00 Million | 21.41% |
| Other Comprehensive Income | NT$71.37 Million | 8.00% |
| Other Components | NT$274.67 Million | 30.78% |
| Total Equity | NT$892.26 Million | 100.00% |
Success Prime Corp Competitors by Market Cap
The table below lists competitors of Success Prime Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AV Tech Corp
TW:8072
|
$21.08 Million |
|
Tridomain Performance Materials PT
JK:TDPM
|
$21.09 Million |
|
MARINOMED BIOTECH AG INH.
F:93Z
|
$21.09 Million |
|
Neofect Co.Ltd
KQ:290660
|
$21.11 Million |
|
Wintec Co. Ltd
KQ:320000
|
$21.07 Million |
|
Royal Road Minerals Limited
PINK:RRDMF
|
$21.07 Million |
|
Zhen Yu Hardware Co., Ltd.
TWO:2947
|
$21.07 Million |
|
TOUAX
PA:ALTOU
|
$21.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Success Prime Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 849,312,000 to 892,262,000, a change of 42,950,000 (5.1%).
- Net income of 132,849,000 contributed positively to equity growth.
- Dividend payments of 88,558,000 reduced retained earnings.
- Other comprehensive income increased equity by 12,165,000.
- Other factors decreased equity by 13,506,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$132.85 Million | +14.89% |
| Dividends Paid | NT$88.56 Million | -9.93% |
| Other Comprehensive Income | NT$12.16 Million | +1.36% |
| Other Changes | NT$-13.51 Million | -1.51% |
| Total Change | NT$- | 5.06% |
Book Value vs Market Value Analysis
This analysis compares Success Prime 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: 1.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.55x to 1.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$27.08 | NT$69.10 | x |
| 2010-12-31 | NT$17.31 | NT$69.10 | x |
| 2011-12-31 | NT$8.50 | NT$69.10 | x |
| 2012-12-31 | NT$11.85 | NT$69.10 | x |
| 2013-12-31 | NT$15.72 | NT$69.10 | x |
| 2014-12-31 | NT$3.42 | NT$69.10 | x |
| 2015-12-31 | NT$5.19 | NT$69.10 | x |
| 2016-12-31 | NT$54.58 | NT$69.10 | x |
| 2017-12-31 | NT$40.61 | NT$69.10 | x |
| 2018-12-31 | NT$40.65 | NT$69.10 | x |
| 2019-12-31 | NT$41.23 | NT$69.10 | x |
| 2020-12-31 | NT$42.66 | NT$69.10 | x |
| 2021-12-31 | NT$41.68 | NT$69.10 | x |
| 2022-12-31 | NT$42.57 | NT$69.10 | x |
| 2023-12-31 | NT$44.73 | NT$69.10 | x |
| 2024-12-31 | NT$46.98 | NT$69.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Success Prime Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.89%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.89%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.60x
- Recent ROE (14.89%) is above the historical average (-29.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -26.52% | -28.98% | 0.75x | 1.21x | NT$-65.12 Million |
| 2010 | -45.75% | -60.91% | 0.41x | 1.83x | NT$-68.20 Million |
| 2011 | -103.57% | -49.97% | 0.95x | 2.17x | NT$-68.25 Million |
| 2012 | 24.41% | 8.89% | 1.56x | 1.76x | NT$12.00 Million |
| 2013 | -22.54% | -17.08% | 0.76x | 1.74x | NT$-37.46 Million |
| 2014 | -347.52% | -83.98% | 0.83x | 5.01x | NT$-93.50 Million |
| 2015 | -59.39% | -18.94% | 1.08x | 2.90x | NT$-32.27 Million |
| 2016 | 4.34% | 13.60% | 0.26x | 1.21x | NT$-38.74 Million |
| 2017 | 19.82% | 18.84% | 0.65x | 1.61x | NT$76.81 Million |
| 2018 | 16.00% | 13.61% | 0.70x | 1.68x | NT$46.83 Million |
| 2019 | 9.69% | 8.63% | 0.59x | 1.89x | NT$-2.44 Million |
| 2020 | 7.70% | 8.02% | 0.61x | 1.56x | NT$-18.55 Million |
| 2021 | 7.23% | 8.60% | 0.54x | 1.54x | NT$-21.75 Million |
| 2022 | 9.74% | 11.21% | 0.53x | 1.63x | NT$-2.12 Million |
| 2023 | 12.20% | 13.55% | 0.56x | 1.61x | NT$18.71 Million |
| 2024 | 14.89% | 15.89% | 0.59x | 1.60x | NT$43.62 Million |
Industry Comparison
This section compares Success Prime Corp's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,637,620,667
- Average return on equity (ROE) among peers: 2.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Success Prime Corp (2496) | NT$856.43 Million | -26.52% | 0.61x | $21.08 Million |
| Sino Tactful Co Ltd (5481) | $1.37 Billion | 3.94% | 0.36x | $34.69 Million |
| Dadi Early-Childhood Education Group Ltd (8437) | $2.47 Billion | 0.60% | 0.23x | $13.35 Million |
| Samebest Co Ltd (8489) | $1.07 Billion | 2.58% | 0.77x | $21.03 Million |