Kerry TJ Logistics Co Ltd
Kerry TJ Logistics Company Limited provides automobile cargo transportation, container transportation, warehousing, and refrigeration delivery services in Taiwan. It is also involved in container freight, international trade, car freight, logistics transportation, and professional investment businesses; and manufacturing of transportation tools and parts. The company was incorporated in 1959 and … Read more
Kerry TJ Logistics Co Ltd (2608) - Net Assets
Latest net assets as of September 2025: NT$12.93 Billion TWD
Based on the latest financial reports, Kerry TJ Logistics Co Ltd (2608) has net assets worth NT$12.93 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$24.85 Billion) and total liabilities (NT$11.92 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$12.93 Billion |
| % of Total Assets | 52.04% |
| Annual Growth Rate | 3.64% |
| 5-Year Change | 19.76% |
| 10-Year Change | 57.32% |
| Growth Volatility | 4.73 |
Kerry TJ Logistics Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Kerry TJ Logistics 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 Kerry TJ Logistics Co Ltd (2002–2024)
The table below shows the annual net assets of Kerry TJ Logistics Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$12.96 Billion | -0.68% |
| 2023-12-31 | NT$13.05 Billion | +7.29% |
| 2022-12-31 | NT$12.16 Billion | +5.46% |
| 2021-12-31 | NT$11.53 Billion | +6.57% |
| 2020-12-31 | NT$10.82 Billion | +8.07% |
| 2019-12-31 | NT$10.01 Billion | +12.55% |
| 2018-12-31 | NT$8.90 Billion | +6.35% |
| 2017-12-31 | NT$8.37 Billion | +5.84% |
| 2016-12-31 | NT$7.90 Billion | -4.06% |
| 2015-12-31 | NT$8.24 Billion | +5.27% |
| 2014-12-31 | NT$7.83 Billion | +2.93% |
| 2013-12-31 | NT$7.60 Billion | +5.37% |
| 2012-12-31 | NT$7.22 Billion | +3.20% |
| 2011-12-31 | NT$6.99 Billion | +3.71% |
| 2010-12-31 | NT$6.74 Billion | +7.61% |
| 2009-12-31 | NT$6.27 Billion | -1.12% |
| 2008-12-31 | NT$6.34 Billion | +10.66% |
| 2007-12-31 | NT$5.73 Billion | -6.73% |
| 2006-12-31 | NT$6.14 Billion | -0.87% |
| 2005-12-31 | NT$6.19 Billion | +6.92% |
| 2004-12-31 | NT$5.79 Billion | +0.36% |
| 2003-12-31 | NT$5.77 Billion | -2.20% |
| 2002-12-31 | NT$5.90 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kerry TJ Logistics 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 558227900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.58 Billion | 45.39% |
| Common Stock | NT$4.67 Billion | 37.97% |
| Other Comprehensive Income | NT$2.05 Billion | 16.64% |
| Total Equity | NT$12.30 Billion | 100.00% |
Kerry TJ Logistics Co Ltd Competitors by Market Cap
The table below lists competitors of Kerry TJ Logistics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Red Dragonfly Footwear Co Ltd
SHG:603116
|
$163.02 Million |
|
Kedge Construction Co Ltd
TW:2546
|
$163.03 Million |
|
BCEG Environmental Remediation Co. Ltd.
SHE:300958
|
$163.08 Million |
|
Changchun Zhiyuan New Energy Equipment Co. Ltd
SHE:300985
|
$163.11 Million |
|
D2L Inc
PINK:DTLIF
|
$162.93 Million |
|
Motorcar Parts of America Inc
NASDAQ:MPAA
|
$162.92 Million |
|
Columbus Circle Capital Corp I
NASDAQ:BRR
|
$162.89 Million |
|
Shenzhen Keanda Electronic Techno
SHE:002972
|
$162.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kerry TJ Logistics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,408,051,000 to 12,298,883,000, a change of -109,168,000 (-0.9%).
- Net income of 1,048,725,000 contributed positively to equity growth.
- Dividend payments of 1,214,201,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,004,536,000.
- Other factors decreased equity by 1,948,228,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.05 Billion | +8.53% |
| Dividends Paid | NT$1.21 Billion | -9.87% |
| Other Comprehensive Income | NT$2.00 Billion | +16.3% |
| Other Changes | NT$-1.95 Billion | -15.84% |
| Total Change | NT$- | -0.88% |
Book Value vs Market Value Analysis
This analysis compares Kerry TJ Logistics 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: 1.18x
- 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 2.38x to 1.18x 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$13.05 | NT$31.00 | x |
| 2007-12-31 | NT$12.01 | NT$31.00 | x |
| 2008-12-31 | NT$12.90 | NT$31.00 | x |
| 2009-12-31 | NT$13.00 | NT$31.00 | x |
| 2010-12-31 | NT$13.92 | NT$31.00 | x |
| 2011-12-31 | NT$14.26 | NT$31.00 | x |
| 2012-12-31 | NT$14.72 | NT$31.00 | x |
| 2013-12-31 | NT$15.51 | NT$31.00 | x |
| 2014-12-31 | NT$16.15 | NT$31.00 | x |
| 2015-12-31 | NT$17.00 | NT$31.00 | x |
| 2016-12-31 | NT$16.38 | NT$31.00 | x |
| 2017-12-31 | NT$17.86 | NT$31.00 | x |
| 2018-12-31 | NT$18.99 | NT$31.00 | x |
| 2019-12-31 | NT$20.29 | NT$31.00 | x |
| 2020-12-31 | NT$21.96 | NT$31.00 | x |
| 2021-12-31 | NT$23.43 | NT$31.00 | x |
| 2022-12-31 | NT$24.69 | NT$31.00 | x |
| 2023-12-31 | NT$26.54 | NT$31.00 | x |
| 2024-12-31 | NT$26.31 | NT$31.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kerry TJ Logistics Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.28%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.00x
- Recent ROE (8.53%) is below the historical average (9.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.21% | 0.25% | 0.46x | 1.86x | NT$-567.21 Million |
| 2005 | 2.85% | 2.69% | 0.58x | 1.84x | NT$-440.02 Million |
| 2006 | -0.77% | -0.70% | 0.58x | 1.89x | NT$-647.64 Million |
| 2007 | -6.31% | -5.49% | 0.60x | 1.92x | NT$-931.82 Million |
| 2008 | 6.38% | 6.60% | 0.62x | 1.57x | NT$-229.02 Million |
| 2009 | 5.74% | 6.34% | 0.58x | 1.57x | NT$-266.80 Million |
| 2010 | 8.82% | 9.08% | 0.64x | 1.51x | NT$-79.63 Million |
| 2011 | 10.04% | 9.94% | 0.63x | 1.59x | NT$2.84 Million |
| 2012 | 11.27% | 10.78% | 0.67x | 1.56x | NT$90.48 Million |
| 2013 | 11.76% | 11.70% | 0.64x | 1.57x | NT$132.02 Million |
| 2014 | 12.66% | 12.06% | 0.69x | 1.53x | NT$207.80 Million |
| 2015 | 16.11% | 14.67% | 0.72x | 1.52x | NT$503.35 Million |
| 2016 | 16.35% | 13.74% | 0.73x | 1.63x | NT$501.53 Million |
| 2017 | 14.19% | 12.25% | 0.69x | 1.69x | NT$350.06 Million |
| 2018 | 13.70% | 11.72% | 0.68x | 1.73x | NT$328.73 Million |
| 2019 | 14.26% | 11.41% | 0.55x | 2.27x | NT$403.94 Million |
| 2020 | 14.58% | 12.13% | 0.57x | 2.11x | NT$470.60 Million |
| 2021 | 12.74% | 10.70% | 0.54x | 2.21x | NT$299.56 Million |
| 2022 | 10.75% | 9.74% | 0.51x | 2.14x | NT$86.40 Million |
| 2023 | 13.67% | 14.09% | 0.49x | 1.99x | NT$454.89 Million |
| 2024 | 8.53% | 8.28% | 0.52x | 2.00x | NT$-181.16 Million |
Industry Comparison
This section compares Kerry TJ Logistics Co Ltd's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $2,260,729,000
- Average return on equity (ROE) among peers: 12.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kerry TJ Logistics Co Ltd (2608) | NT$12.93 Billion | 0.21% | 0.92x | $162.98 Million |
| Chung Lien Transportation Co Ltd (5604) | $2.26 Billion | 12.03% | 0.26x | $73.28 Million |