Prime Oil Chemical Service Corp (2904) - Net Assets
Based on the latest financial reports, Prime Oil Chemical Service Corp (2904) has net assets worth NT$1.27 Billion TWD (≈ $40.17 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$1.82 Billion ≈ $57.29 Million USD) and total liabilities (NT$543.43 Million ≈ $17.12 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 Prime Oil Chemical Service Corp (2904) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.27 Billion |
| % of Total Assets | 70.12% |
| Annual Growth Rate | 2.58% |
| 5-Year Change | 23.8% |
| 10-Year Change | 31.28% |
| Growth Volatility | 12.31 |
Prime Oil Chemical Service Corp - Net Assets Trend (2002–2024)
This chart illustrates how Prime Oil Chemical Service Corp's net assets have evolved over time, based on quarterly financial data. Also explore Prime Oil Chemical Service Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Prime Oil Chemical Service Corp (2002–2024)
The table below shows the annual net assets of Prime Oil Chemical Service Corp from 2002 to 2024. For live valuation and market cap data, see Prime Oil Chemical Service Corp (2904) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.29 Billion ≈ $40.50 Million |
+6.06% |
| 2023-12-31 | NT$1.21 Billion ≈ $38.19 Million |
+2.03% |
| 2022-12-31 | NT$1.19 Billion ≈ $37.43 Million |
+23.43% |
| 2021-12-31 | NT$962.48 Million ≈ $30.32 Million |
-7.31% |
| 2020-12-31 | NT$1.04 Billion ≈ $32.72 Million |
+3.48% |
| 2019-12-31 | NT$1.00 Billion ≈ $31.62 Million |
+3.00% |
| 2018-12-31 | NT$974.24 Million ≈ $30.69 Million |
+3.79% |
| 2017-12-31 | NT$938.68 Million ≈ $29.57 Million |
+0.41% |
| 2016-12-31 | NT$934.89 Million ≈ $29.45 Million |
-4.53% |
| 2015-12-31 | NT$979.25 Million ≈ $30.85 Million |
+2.48% |
| 2014-12-31 | NT$955.59 Million ≈ $30.11 Million |
-3.83% |
| 2013-12-31 | NT$993.61 Million ≈ $31.30 Million |
-3.83% |
| 2012-12-31 | NT$1.03 Billion ≈ $32.55 Million |
-19.27% |
| 2011-12-31 | NT$1.28 Billion ≈ $40.32 Million |
+33.41% |
| 2010-12-31 | NT$959.26 Million ≈ $30.22 Million |
+14.09% |
| 2009-12-31 | NT$840.76 Million ≈ $26.49 Million |
+9.26% |
| 2008-12-31 | NT$769.52 Million ≈ $24.24 Million |
+5.33% |
| 2007-12-31 | NT$730.61 Million ≈ $23.02 Million |
+7.30% |
| 2006-12-31 | NT$680.88 Million ≈ $21.45 Million |
+23.74% |
| 2005-12-31 | NT$550.24 Million ≈ $17.34 Million |
-8.93% |
| 2004-12-31 | NT$604.16 Million ≈ $19.03 Million |
-18.43% |
| 2003-12-31 | NT$740.68 Million ≈ $23.34 Million |
+0.95% |
| 2002-12-31 | NT$733.68 Million ≈ $23.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Prime Oil Chemical Service 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 41415600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$414.16 Million | 32.23% |
| Common Stock | NT$778.34 Million | 60.57% |
| Other Comprehensive Income | NT$15.21 Million | 1.18% |
| Other Components | NT$77.40 Million | 6.02% |
| Total Equity | NT$1.29 Billion | 100.00% |
Prime Oil Chemical Service Corp Competitors by Market Cap
The table below lists competitors of Prime Oil Chemical Service Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Compumedics Ltd
AU:CMP
|
$39.86 Million |
|
Merko Gida Sanayi ve Ticaret AS
IS:MERKO
|
$39.86 Million |
|
Union Petrochemical Public Company Limited
BK:UKEM
|
$39.87 Million |
|
First Graphene Ltd
AU:FGR
|
$39.87 Million |
|
Latrobe Magnesium Ltd
AU:LMG
|
$39.84 Million |
|
Sumas Suni Tahta ve Mobilya Sanayi AS
IS:SUMAS
|
$39.81 Million |
|
Microequities Asset Management Group Ltd
AU:MAM
|
$39.81 Million |
|
Sumi Indo Kabel Tbk
JK:IKBI
|
$39.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prime Oil Chemical Service Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,211,590,000 to 1,285,104,000, a change of 73,514,000 (6.1%).
- Net income of 107,155,000 contributed positively to equity growth.
- Dividend payments of 46,701,000 reduced retained earnings.
- Other comprehensive income increased equity by 11,787,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$107.16 Million | +8.34% |
| Dividends Paid | NT$46.70 Million | -3.63% |
| Other Comprehensive Income | NT$11.79 Million | +0.92% |
| Other Changes | NT$1.27 Million | +0.1% |
| Total Change | NT$- | 6.07% |
Book Value vs Market Value Analysis
This analysis compares Prime Oil Chemical Service 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: 0.99x
- 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 1.33x to 0.99x 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$12.18 | NT$16.25 | x |
| 2010-12-31 | NT$12.31 | NT$16.25 | x |
| 2011-12-31 | NT$15.49 | NT$16.25 | x |
| 2012-12-31 | NT$14.46 | NT$16.25 | x |
| 2013-12-31 | NT$14.00 | NT$16.25 | x |
| 2014-12-31 | NT$13.44 | NT$16.25 | x |
| 2015-12-31 | NT$13.66 | NT$16.25 | x |
| 2016-12-31 | NT$13.16 | NT$16.25 | x |
| 2017-12-31 | NT$13.18 | NT$16.25 | x |
| 2018-12-31 | NT$13.65 | NT$16.25 | x |
| 2019-12-31 | NT$14.14 | NT$16.25 | x |
| 2020-12-31 | NT$14.69 | NT$16.25 | x |
| 2021-12-31 | NT$13.64 | NT$16.25 | x |
| 2022-12-31 | NT$16.64 | NT$16.25 | x |
| 2023-12-31 | NT$15.53 | NT$16.25 | x |
| 2024-12-31 | NT$16.44 | NT$16.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prime Oil Chemical Service Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.78%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.53x
- Recent ROE (8.34%) is below the historical average (11.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.38% | 0.79% | 0.20x | 2.41x | NT$-71.22 Million |
| 2006 | 4.98% | 10.18% | 0.30x | 1.64x | NT$-34.16 Million |
| 2007 | 6.86% | 15.79% | 0.30x | 1.43x | NT$-22.93 Million |
| 2008 | 7.36% | 18.16% | 0.33x | 1.23x | NT$-20.33 Million |
| 2009 | 12.05% | 30.56% | 0.37x | 1.07x | NT$17.24 Million |
| 2010 | 10.38% | 22.24% | 0.15x | 3.07x | NT$3.33 Million |
| 2011 | 28.10% | 63.07% | 0.35x | 1.26x | NT$198.75 Million |
| 2012 | 19.56% | 34.59% | 0.51x | 1.10x | NT$97.84 Million |
| 2013 | 15.35% | 29.44% | 0.48x | 1.08x | NT$52.89 Million |
| 2014 | 16.13% | 28.77% | 0.51x | 1.09x | NT$58.23 Million |
| 2015 | 16.07% | 30.29% | 0.48x | 1.10x | NT$58.50 Million |
| 2016 | 11.27% | 20.71% | 0.43x | 1.26x | NT$11.79 Million |
| 2017 | 10.27% | 21.67% | 0.37x | 1.29x | NT$2.53 Million |
| 2018 | 12.26% | 24.97% | 0.38x | 1.31x | NT$21.87 Million |
| 2019 | 13.51% | 26.70% | 0.35x | 1.43x | NT$35.05 Million |
| 2020 | 15.39% | 29.53% | 0.33x | 1.58x | NT$55.93 Million |
| 2021 | 7.42% | 15.32% | 0.28x | 1.70x | NT$-24.77 Million |
| 2022 | 9.01% | 22.51% | 0.22x | 1.85x | NT$-11.71 Million |
| 2023 | 5.38% | 14.77% | 0.23x | 1.59x | NT$-55.93 Million |
| 2024 | 8.34% | 21.78% | 0.25x | 1.53x | NT$-21.36 Million |
Industry Comparison
This section compares Prime Oil Chemical Service Corp's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
No peer company data available for comparison.
About Prime Oil Chemical Service Corp
Prime Oil Chemical Service Corporation engages in the petrochemical shore tank storage services in Taiwan. It is also involved in the building and operation of photovoltaic power generation systems with a total installed capacity of 24.31MW. In addition, the company engages in the chemicals, oil tank storage and transportation services, general trade, solar power generation business, and commerci… Read more