Tonlin Department Store Co Ltd Net Assets
Tonlin Department Store Co Ltd net assets. Based on the latest financial reports, Tonlin Department Store Co Ltd (2910) has net assets worth NT$2.77 Billion TWD (≈ $87.20 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$6.81 Billion ≈ $214.55 Million USD) and total liabilities (NT$4.04 Billion ≈ $127.35 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. Also explore Tonlin Department Store Co Ltd (2910) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.77 Billion |
| % of Total Assets | 40.64% |
| Annual Growth Rate | 3.07% |
| 5-Year Change | 15.05% |
| 10-Year Change | 21.83% |
| Growth Volatility | 5.51 |
Net Assets of Tonlin Department Store Co Ltd (2002–2025)
Net assets of Tonlin Department Store Co Ltd from 2002 to 2025. This chart illustrates how Tonlin Department Store Co Ltd's net assets have evolved over time, based on quarterly financial data. See how leveraged is Tonlin Department Store Co Ltd's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Tonlin Department Store Co Ltd (2002–2025)
The table below shows the annual net assets of Tonlin Department Store Co Ltd from 2002 to 2025. For live market cap and overall valuation, see Tonlin Department Store Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.76 Billion ≈ $86.89 Million |
+1.35% |
| 2024-12-31 | NT$2.72 Billion ≈ $85.73 Million |
+5.06% |
| 2023-12-31 | NT$2.59 Billion ≈ $81.60 Million |
+8.46% |
| 2022-12-31 | NT$2.39 Billion ≈ $75.23 Million |
-0.38% |
| 2021-12-31 | NT$2.40 Billion ≈ $75.52 Million |
+1.44% |
| 2020-12-31 | NT$2.36 Billion ≈ $74.45 Million |
-0.44% |
| 2019-12-31 | NT$2.37 Billion ≈ $74.78 Million |
+5.46% |
| 2018-12-31 | NT$2.25 Billion ≈ $70.91 Million |
+2.43% |
| 2017-12-31 | NT$2.20 Billion ≈ $69.23 Million |
-2.93% |
| 2016-12-31 | NT$2.26 Billion ≈ $71.31 Million |
+2.38% |
| 2015-12-31 | NT$2.21 Billion ≈ $69.66 Million |
-2.81% |
| 2014-12-31 | NT$2.27 Billion ≈ $71.67 Million |
+2.63% |
| 2013-12-31 | NT$2.22 Billion ≈ $69.83 Million |
-2.64% |
| 2012-12-31 | NT$2.28 Billion ≈ $71.73 Million |
-1.50% |
| 2011-12-31 | NT$2.31 Billion ≈ $72.82 Million |
+14.75% |
| 2010-12-31 | NT$2.01 Billion ≈ $63.46 Million |
+7.82% |
| 2009-12-31 | NT$1.87 Billion ≈ $58.86 Million |
-1.66% |
| 2008-12-31 | NT$1.90 Billion ≈ $59.85 Million |
-3.37% |
| 2007-12-31 | NT$1.97 Billion ≈ $61.94 Million |
+3.60% |
| 2006-12-31 | NT$1.90 Billion ≈ $59.79 Million |
-0.86% |
| 2005-12-31 | NT$1.91 Billion ≈ $60.31 Million |
+6.61% |
| 2004-12-31 | NT$1.80 Billion ≈ $56.57 Million |
+15.38% |
| 2003-12-31 | NT$1.56 Billion ≈ $49.03 Million |
+13.17% |
| 2002-12-31 | NT$1.37 Billion ≈ $43.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tonlin Department Store 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 20.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Tonlin Department Store Co Ltd Net Assets Breakdown (December 2025)
Tonlin Department Store Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$219.52 Million | 7.96% |
| Common Stock | NT$1.75 Billion | 63.60% |
| Other Comprehensive Income | NT$784.25 Million | 28.44% |
| Other Components | NT$1.00 | 0.00% |
| Total Equity | NT$2.76 Billion | 100.00% |
Tonlin Department Store Co Ltd Competitors by Market Cap
The table below lists competitors of Tonlin Department Store Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thac Mo Hydropower JSC
VN:TMP
|
$130.19 Million |
|
ZHOU HEI YA HLDG -000001
F:ZHY
|
$130.25 Million |
|
Fu Chun Shin Machinery Manufacture Co Ltd
TWO:6603
|
$130.26 Million |
|
Gurit Holding AG
SW:GURN
|
$130.33 Million |
|
Centaurus Metals Ltd
AU:CTM
|
$130.10 Million |
|
Aurona Industries
TWO:8074
|
$130.02 Million |
|
Lippo Cikarang Tbk
JK:LPCK
|
$129.98 Million |
|
Ya Horng Electronic Co Ltd
TW:6201
|
$129.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tonlin Department Store Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,721,046,000 to 2,757,800,000, a change of 36,754,000 (1.4%).
- Net income of 215,077,000 contributed positively to equity growth.
- Dividend payments of 166,633,000 reduced retained earnings.
- Other comprehensive income increased equity by 16,764,999.
- Other factors decreased equity by 28,454,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$215.08 Million | +7.8% |
| Dividends Paid | NT$166.63 Million | -6.04% |
| Other Comprehensive Income | NT$16.76 Million | +0.61% |
| Other Changes | NT$-28.45 Million | -1.03% |
| Total Change | NT$- | 1.35% |
Book Value vs Market Value Analysis
This analysis compares Tonlin Department Store 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: 1.49x
- 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 2.21x to 1.49x 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$10.68 | NT$23.55 | x |
| 2010-12-31 | NT$11.51 | NT$23.55 | x |
| 2011-12-31 | NT$13.20 | NT$23.55 | x |
| 2012-12-31 | NT$12.99 | NT$23.55 | x |
| 2013-12-31 | NT$12.66 | NT$23.55 | x |
| 2014-12-31 | NT$12.99 | NT$23.55 | x |
| 2015-12-31 | NT$12.60 | NT$23.55 | x |
| 2016-12-31 | NT$12.90 | NT$23.55 | x |
| 2017-12-31 | NT$12.53 | NT$23.55 | x |
| 2018-12-31 | NT$12.83 | NT$23.55 | x |
| 2019-12-31 | NT$13.53 | NT$23.55 | x |
| 2020-12-31 | NT$13.47 | NT$23.55 | x |
| 2021-12-31 | NT$13.66 | NT$23.55 | x |
| 2022-12-31 | NT$13.61 | NT$23.55 | x |
| 2023-12-31 | NT$14.77 | NT$23.55 | x |
| 2024-12-31 | NT$15.51 | NT$23.55 | x |
| 2025-12-31 | NT$15.77 | NT$23.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tonlin Department Store 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): 7.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.49%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.31x
- Recent ROE (7.80%) is above the historical average (7.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 16.24% | 10.19% | 0.59x | 2.70x | NT$85.74 Million |
| 2003 | 15.89% | 11.31% | 0.58x | 2.44x | NT$91.69 Million |
| 2004 | 11.84% | 9.19% | 0.63x | 2.03x | NT$33.03 Million |
| 2005 | 14.23% | 11.78% | 0.67x | 1.80x | NT$81.00 Million |
| 2006 | 12.55% | 11.48% | 0.63x | 1.75x | NT$48.41 Million |
| 2007 | 13.53% | 13.29% | 0.64x | 1.60x | NT$69.40 Million |
| 2008 | 11.44% | 11.99% | 0.62x | 1.53x | NT$27.35 Million |
| 2009 | 6.39% | 6.30% | 0.50x | 2.02x | NT$-67.39 Million |
| 2010 | 7.31% | 7.32% | 0.54x | 1.85x | NT$-54.23 Million |
| 2011 | 5.28% | 6.03% | 0.46x | 1.91x | NT$-109.11 Million |
| 2012 | 5.54% | 6.57% | 0.42x | 2.02x | NT$-101.53 Million |
| 2013 | 4.51% | 15.06% | 0.13x | 2.33x | NT$-121.74 Million |
| 2014 | 7.50% | 17.39% | 0.18x | 2.35x | NT$-56.97 Million |
| 2015 | 3.64% | 12.03% | 0.12x | 2.51x | NT$-140.55 Million |
| 2016 | 1.62% | 5.49% | 0.12x | 2.48x | NT$-189.79 Million |
| 2017 | 1.18% | 9.21% | 0.05x | 2.63x | NT$-193.76 Million |
| 2018 | 4.00% | 20.66% | 0.07x | 2.93x | NT$-134.96 Million |
| 2019 | 4.71% | 17.19% | 0.10x | 2.65x | NT$-125.57 Million |
| 2020 | 4.83% | 20.59% | 0.09x | 2.65x | NT$-122.14 Million |
| 2021 | 5.87% | 26.62% | 0.09x | 2.51x | NT$-99.00 Million |
| 2022 | 4.04% | 13.54% | 0.12x | 2.39x | NT$-142.40 Million |
| 2023 | 7.91% | 29.95% | 0.12x | 2.16x | NT$-54.10 Million |
| 2024 | 7.27% | 32.66% | 0.10x | 2.19x | NT$-74.17 Million |
| 2025 | 7.80% | 41.49% | 0.08x | 2.31x | NT$-60.70 Million |
Industry Comparison
This section compares Tonlin Department Store Co Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $7,385,309,714
- Average return on equity (ROE) among peers: 9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tonlin Department Store Co Ltd (2910) | NT$2.77 Billion | 16.24% | 1.46x | $130.14 Million |
| First Steamship Co Ltd (2601) | $11.10 Billion | -2.60% | 2.14x | $99.41 Million |
| Shin Shin Co Ltd (2901) | $845.89 Million | 3.81% | 0.17x | $56.50 Million |
| Far Eastern Department Stores Ltd (2903) | $23.37 Billion | 4.15% | 2.33x | $967.55 Million |
| Eslite Spectrum (2926) | $1.13 Billion | 4.86% | 11.81x | $44.27 Million |
| Taiwan FamilyMart Co Ltd (5903) | $4.66 Billion | 21.57% | 2.59x | $1.30 Billion |
| Poya International Co Ltd (5904) | $366.36 Million | 25.64% | 2.06x | $243.80 Million |
| Grand Ocean Retail Group Ltd (5907) | $10.23 Billion | 9.64% | 1.48x | $24.18 Million |
About Tonlin Department Store Co Ltd
Tonlin Department Store Co.,Ltd. operates retail department stores and engages in investment and construction activities in Taiwan. It offers fashion, beauty, and lifestyle products. The company also operates cafés and restaurants. Tonlin Department Store Co., Ltd. was founded in 1971 and is headquartered in Taipei, Taiwan.