Test Rite International Co Ltd (2908) - Net Assets
Based on the latest financial reports, Test Rite International Co Ltd (2908) has net assets worth NT$8.77 Billion TWD (≈ $276.36 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$38.41 Billion ≈ $1.21 Billion USD) and total liabilities (NT$29.64 Billion ≈ $933.90 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 Test Rite International Co Ltd (2908) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.77 Billion |
| % of Total Assets | 22.83% |
| Annual Growth Rate | 3.65% |
| 5-Year Change | 25.62% |
| 10-Year Change | 18.28% |
| Growth Volatility | 11.01 |
Test Rite International Co Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Test Rite International Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Test Rite International Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Test Rite International Co Ltd (2000–2025)
The table below shows the annual net assets of Test Rite International Co Ltd from 2000 to 2025. For live valuation and market cap data, see how much is Test Rite International Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$8.77 Billion ≈ $276.36 Million |
+14.73% |
| 2024-12-31 | NT$7.65 Billion ≈ $240.88 Million |
+12.54% |
| 2023-12-31 | NT$6.79 Billion ≈ $214.04 Million |
-3.99% |
| 2022-12-31 | NT$7.08 Billion ≈ $222.95 Million |
+1.34% |
| 2021-12-31 | NT$6.98 Billion ≈ $220.00 Million |
+2.93% |
| 2020-12-31 | NT$6.78 Billion ≈ $213.73 Million |
+5.40% |
| 2019-12-31 | NT$6.44 Billion ≈ $202.79 Million |
-13.18% |
| 2018-12-31 | NT$7.41 Billion ≈ $233.57 Million |
-3.37% |
| 2017-12-31 | NT$7.67 Billion ≈ $241.72 Million |
+3.45% |
| 2016-12-31 | NT$7.42 Billion ≈ $233.65 Million |
-0.18% |
| 2015-12-31 | NT$7.43 Billion ≈ $234.07 Million |
+0.93% |
| 2014-12-31 | NT$7.36 Billion ≈ $231.91 Million |
+8.36% |
| 2013-12-31 | NT$6.79 Billion ≈ $214.02 Million |
+0.42% |
| 2012-12-31 | NT$6.77 Billion ≈ $213.14 Million |
-6.44% |
| 2011-12-31 | NT$7.23 Billion ≈ $227.81 Million |
+7.38% |
| 2010-12-31 | NT$6.73 Billion ≈ $212.14 Million |
+4.45% |
| 2009-12-31 | NT$6.45 Billion ≈ $203.11 Million |
+9.06% |
| 2008-12-31 | NT$5.91 Billion ≈ $186.24 Million |
-27.72% |
| 2007-12-31 | NT$8.18 Billion ≈ $257.67 Million |
+0.90% |
| 2006-12-31 | NT$8.11 Billion ≈ $255.37 Million |
+16.03% |
| 2005-12-31 | NT$6.99 Billion ≈ $220.09 Million |
+19.42% |
| 2004-12-31 | NT$5.85 Billion ≈ $184.31 Million |
+20.30% |
| 2003-12-31 | NT$4.86 Billion ≈ $153.20 Million |
-4.63% |
| 2002-12-31 | NT$5.10 Billion ≈ $160.64 Million |
+20.13% |
| 2001-12-31 | NT$4.24 Billion ≈ $133.72 Million |
+18.66% |
| 2000-12-31 | NT$3.58 Billion ≈ $112.70 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Test Rite International 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 75.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$207.66 Million | 2.97% |
| Common Stock | NT$5.10 Billion | 72.98% |
| Other Comprehensive Income | NT$1.48 Billion | 21.25% |
| Other Components | NT$195.06 Million | 2.79% |
| Total Equity | NT$6.99 Billion | 100.00% |
Test Rite International Co Ltd Competitors by Market Cap
The table below lists competitors of Test Rite International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jmicron Technology
TWO:4925
|
$334.16 Million |
|
Miwon Specialty Chemical Co Ltd
KO:268280
|
$334.18 Million |
|
Wonderla Holidays Limited
NSE:WONDERLA
|
$334.24 Million |
|
MPS Limited
NSE:MPSLTD
|
$334.48 Million |
|
BayCom Corp
NASDAQ:BCML
|
$334.13 Million |
|
Phuoc Hoa Rubber JSC
VN:PHR
|
$334.11 Million |
|
AB Traction
ST:TRAC-B
|
$334.10 Million |
|
Xiamen Goldenhome Co Ltd
SHG:603180
|
$334.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Test Rite International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,154,897,000 to 6,986,487,000, a change of -168,410,000 (-2.4%).
- Net income of 115,201,000 contributed positively to equity growth.
- Dividend payments of 458,899,000 reduced retained earnings.
- Other comprehensive income decreased equity by 212,283,000.
- Other factors increased equity by 387,571,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$115.20 Million | +1.65% |
| Dividends Paid | NT$458.90 Million | -6.57% |
| Other Comprehensive Income | NT$-212.28 Million | -3.04% |
| Other Changes | NT$387.57 Million | +5.55% |
| Total Change | NT$- | -2.35% |
Book Value vs Market Value Analysis
This analysis compares Test Rite International 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$12.33 | NT$20.80 | x |
| 2005-12-31 | NT$12.52 | NT$20.80 | x |
| 2006-12-31 | NT$12.71 | NT$20.80 | x |
| 2007-12-31 | NT$13.12 | NT$20.80 | x |
| 2008-12-31 | NT$11.67 | NT$20.80 | x |
| 2009-12-31 | NT$13.08 | NT$20.80 | x |
| 2010-12-31 | NT$12.68 | NT$20.80 | x |
| 2011-12-31 | NT$14.43 | NT$20.80 | x |
| 2012-12-31 | NT$13.34 | NT$20.80 | x |
| 2013-12-31 | NT$13.85 | NT$20.80 | x |
| 2014-12-31 | NT$14.70 | NT$20.80 | x |
| 2015-12-31 | NT$14.62 | NT$20.80 | x |
| 2016-12-31 | NT$14.53 | NT$20.80 | x |
| 2017-12-31 | NT$14.95 | NT$20.80 | x |
| 2018-12-31 | NT$14.39 | NT$20.80 | x |
| 2019-12-31 | NT$12.52 | NT$20.80 | x |
| 2020-12-31 | NT$13.39 | NT$20.80 | x |
| 2021-12-31 | NT$13.75 | NT$20.80 | x |
| 2022-12-31 | NT$13.89 | NT$20.80 | x |
| 2023-12-31 | NT$13.22 | NT$20.80 | x |
| 2024-12-31 | NT$14.21 | NT$20.80 | x |
| 2025-12-31 | NT$0.00 | NT$20.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Test Rite International 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): 1.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.34%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 5.50x
- Recent ROE (1.65%) is below the historical average (8.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 14.04% | 3.92% | 2.02x | 1.77x | NT$171.35 Million |
| 2002 | 14.71% | 4.33% | 2.04x | 1.67x | NT$240.20 Million |
| 2003 | 3.74% | 0.94% | 1.84x | 2.16x | NT$-304.20 Million |
| 2004 | 15.31% | 3.90% | 1.88x | 2.09x | NT$288.59 Million |
| 2005 | 13.08% | 2.11% | 1.97x | 3.15x | NT$171.27 Million |
| 2006 | 7.28% | 1.25% | 1.65x | 3.54x | NT$-158.73 Million |
| 2007 | 9.44% | 1.58% | 1.49x | 4.02x | NT$-34.22 Million |
| 2008 | 5.33% | 0.87% | 1.39x | 4.40x | NT$-249.44 Million |
| 2009 | 2.27% | 0.47% | 1.31x | 3.68x | NT$-466.75 Million |
| 2010 | 7.68% | 1.49% | 1.41x | 3.65x | NT$-147.17 Million |
| 2011 | 8.48% | 1.77% | 1.30x | 3.67x | NT$-114.24 Million |
| 2012 | 7.68% | 1.44% | 1.56x | 3.41x | NT$-153.77 Million |
| 2013 | 9.39% | 1.80% | 1.51x | 3.46x | NT$-41.13 Million |
| 2014 | 9.62% | 1.96% | 1.44x | 3.40x | NT$-27.61 Million |
| 2015 | 9.03% | 1.86% | 1.43x | 3.39x | NT$-72.08 Million |
| 2016 | 9.12% | 1.91% | 1.46x | 3.28x | NT$-65.26 Million |
| 2017 | 10.79% | 2.23% | 1.62x | 3.00x | NT$59.97 Million |
| 2018 | 5.54% | 1.02% | 1.53x | 3.54x | NT$-327.29 Million |
| 2019 | 1.59% | 0.26% | 1.07x | 5.67x | NT$-529.36 Million |
| 2020 | 11.93% | 1.89% | 1.11x | 5.67x | NT$127.80 Million |
| 2021 | 11.48% | 1.79% | 1.14x | 5.63x | NT$100.83 Million |
| 2022 | 6.18% | 1.14% | 0.97x | 5.62x | NT$-262.98 Million |
| 2023 | 3.93% | 0.73% | 0.97x | 5.58x | NT$-397.66 Million |
| 2024 | 4.64% | 0.90% | 1.02x | 5.05x | NT$-383.78 Million |
| 2025 | 1.65% | 0.34% | 0.88x | 5.50x | NT$-583.45 Million |
Industry Comparison
This section compares Test Rite International Co Ltd's net assets metrics with peer companies in the Home Improvement Retail industry.
No peer company data available for comparison.
About Test Rite International Co Ltd
Test-Rite International Co., Ltd. imports and exports hand tools, auto parts, machinery, furniture, and other home appliances in the United States of America, Canada, Great Britain, France, Germany, and Australia. It also operates retail chain stores and sells home-related products. The company engages in real estate development and planning business. In addition, it is involved in mechanical and… Read more