Success Prime Corp (2496) - Net Assets
Based on the latest financial reports, Success Prime Corp (2496) has net assets worth NT$891.94 Million TWD (≈ $28.10 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.49 Billion ≈ $46.89 Million USD) and total liabilities (NT$596.31 Million ≈ $18.79 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 2496 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$891.94 Million |
| % of Total Assets | 59.93% |
| Annual Growth Rate | 3.17% |
| 5-Year Change | 12.93% |
| 10-Year Change | 30.29% |
| Growth Volatility | 311.29 |
Success Prime Corp - Net Assets Trend (2003–2025)
This chart illustrates how Success Prime Corp's net assets have evolved over time, based on quarterly financial data. Also explore 2496 asset base for the complete picture of this company's asset base.
Annual Net Assets for Success Prime Corp (2003–2025)
The table below shows the annual net assets of Success Prime Corp from 2003 to 2025. For live valuation and market cap data, see how much is Success Prime Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$891.94 Million ≈ $28.10 Million |
-0.84% |
| 2024-12-31 | NT$899.49 Million ≈ $28.34 Million |
+5.33% |
| 2023-12-31 | NT$853.96 Million ≈ $26.90 Million |
+5.31% |
| 2022-12-31 | NT$810.87 Million ≈ $25.55 Million |
+2.67% |
| 2021-12-31 | NT$789.79 Million ≈ $24.88 Million |
-2.67% |
| 2020-12-31 | NT$811.45 Million ≈ $25.57 Million |
+2.51% |
| 2019-12-31 | NT$791.55 Million ≈ $24.94 Million |
+0.60% |
| 2018-12-31 | NT$786.81 Million ≈ $24.79 Million |
+0.65% |
| 2017-12-31 | NT$781.76 Million ≈ $24.63 Million |
+14.20% |
| 2016-12-31 | NT$684.56 Million ≈ $21.57 Million |
+1372.04% |
| 2015-12-31 | NT$46.50 Million ≈ $1.47 Million |
+77.83% |
| 2014-12-31 | NT$26.15 Million ≈ $823.90K |
-77.28% |
| 2013-12-31 | NT$115.12 Million ≈ $3.63 Million |
+38.21% |
| 2012-12-31 | NT$83.29 Million ≈ $2.62 Million |
+38.61% |
| 2011-12-31 | NT$60.09 Million ≈ $1.89 Million |
-50.88% |
| 2010-12-31 | NT$122.33 Million ≈ $3.85 Million |
-31.39% |
| 2009-12-31 | NT$178.30 Million ≈ $5.62 Million |
-8.84% |
| 2008-12-31 | NT$195.59 Million ≈ $6.16 Million |
+611.81% |
| 2007-12-31 | NT$27.48 Million ≈ $865.71K |
+96.01% |
| 2006-12-31 | NT$14.02 Million ≈ $441.68K |
-88.06% |
| 2005-12-31 | NT$117.37 Million ≈ $3.70 Million |
-55.76% |
| 2004-12-31 | NT$265.32 Million ≈ $8.36 Million |
-40.89% |
| 2003-12-31 | NT$448.85 Million ≈ $14.14 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 31751900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$317.52 Million | 35.81% |
| Common Stock | NT$191.00 Million | 21.54% |
| Other Comprehensive Income | NT$91.18 Million | 10.28% |
| Other Components | NT$287.08 Million | 32.37% |
| Total Equity | NT$886.79 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 |
|---|---|
|
FRIWO AG
F:CEA
|
$39.01 Million |
|
Respiri Ltd
AU:RSH
|
$39.01 Million |
|
Cyviz AS
OL:CYVIZ
|
$39.02 Million |
|
Demire Deutsche Mittelstand Real Estate AG
F:DMRE
|
$39.04 Million |
|
Novacyt
PA:ALNOV
|
$38.98 Million |
|
Demisas Dokum Emaye Mamulleri Sanayi AS
IS:DMSAS
|
$38.97 Million |
|
Eureka Acquisition Corp Class A Ordinary Share
NASDAQ:EURK
|
$38.96 Million |
|
Korea Ind
KO:002140
|
$38.96 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 2024 to 2025, total equity changed from 892,262,000 to 886,786,000, a change of -5,476,000 (-0.6%).
- Net income of 116,706,000 contributed positively to equity growth.
- Dividend payments of 137,141,000 reduced retained earnings.
- New share issuances of 12,370,000 increased equity.
- Other comprehensive income increased equity by 19,810,000.
- Other factors decreased equity by 17,221,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$116.71 Million | +13.16% |
| Dividends Paid | NT$137.14 Million | -15.46% |
| Share Issuances | NT$12.37 Million | +1.39% |
| Other Comprehensive Income | NT$19.81 Million | +2.23% |
| Other Changes | NT$-17.22 Million | -1.94% |
| Total Change | NT$- | -0.61% |
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: 1.37x
- 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 2.39x to 1.37x 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$64.80 | x |
| 2010-12-31 | NT$17.31 | NT$64.80 | x |
| 2011-12-31 | NT$8.50 | NT$64.80 | x |
| 2012-12-31 | NT$11.85 | NT$64.80 | x |
| 2013-12-31 | NT$15.72 | NT$64.80 | x |
| 2014-12-31 | NT$3.42 | NT$64.80 | x |
| 2015-12-31 | NT$5.19 | NT$64.80 | x |
| 2016-12-31 | NT$54.58 | NT$64.80 | x |
| 2017-12-31 | NT$40.61 | NT$64.80 | x |
| 2018-12-31 | NT$40.65 | NT$64.80 | x |
| 2019-12-31 | NT$41.23 | NT$64.80 | x |
| 2020-12-31 | NT$42.66 | NT$64.80 | x |
| 2021-12-31 | NT$41.68 | NT$64.80 | x |
| 2022-12-31 | NT$42.57 | NT$64.80 | x |
| 2023-12-31 | NT$44.73 | NT$64.80 | x |
| 2024-12-31 | NT$46.98 | NT$64.80 | x |
| 2025-12-31 | NT$47.18 | NT$64.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Success Prime Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.40%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.68x
- Recent ROE (13.16%) is above the historical average (-27.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -26.52% | -28.98% | 0.75x | 1.21x | NT$-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 |
| 2025 | 13.16% | 13.40% | 0.59x | 1.68x | NT$28.03 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: $1,688,563,000
- Average return on equity (ROE) among peers: 4.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Success Prime Corp (2496) | NT$891.94 Million | -26.52% | 0.67x | $38.99 Million |
| Sino Tactful Co Ltd (5481) | $1.37 Billion | 3.94% | 0.36x | $40.59 Million |
| Dadi Early-Childhood Education Group Ltd (8437) | $2.62 Billion | 7.05% | 0.32x | $17.40 Million |
| Samebest Co Ltd (8489) | $1.07 Billion | 2.58% | 0.77x | $43.81 Million |
About 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