TOPBI International Holdings Ltd
TOPBI International Holdings Limited, an investment holding company, designs, develops, and sells children's clothing and accessories in Taiwan and China. It is also involved in the leasing activities; online sale of children's clothing; and online live broadcast related information services. TOPBI International Holdings Limited was founded in 2002 and is based in Taipei, Taiwan.
TOPBI International Holdings Ltd (2929) - Net Assets
Latest net assets as of September 2025: NT$2.75 Billion TWD
Based on the latest financial reports, TOPBI International Holdings Ltd (2929) has net assets worth NT$2.75 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$3.45 Billion) and total liabilities (NT$701.05 Million). 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$2.75 Billion |
| % of Total Assets | 79.7% |
| Annual Growth Rate | 9.51% |
| 5-Year Change | -16.5% |
| 10-Year Change | -17.36% |
| Growth Volatility | 45.75 |
TOPBI International Holdings Ltd - Net Assets Trend (2012–2024)
This chart illustrates how TOPBI International Holdings 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 TOPBI International Holdings Ltd (2012–2024)
The table below shows the annual net assets of TOPBI International Holdings Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.91 Billion | +4.02% |
| 2023-12-31 | NT$2.80 Billion | -4.14% |
| 2022-12-31 | NT$2.92 Billion | +6.29% |
| 2021-12-31 | NT$2.75 Billion | -21.22% |
| 2020-12-31 | NT$3.49 Billion | -38.44% |
| 2019-12-31 | NT$5.67 Billion | +14.09% |
| 2018-12-31 | NT$4.97 Billion | +10.32% |
| 2017-12-31 | NT$4.50 Billion | +20.38% |
| 2016-12-31 | NT$3.74 Billion | +6.12% |
| 2015-12-31 | NT$3.53 Billion | +12.49% |
| 2014-12-31 | NT$3.13 Billion | +24.54% |
| 2013-12-31 | NT$2.52 Billion | +157.03% |
| 2012-12-31 | NT$979.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOPBI International Holdings 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 1115.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.09 Billion | 37.58% |
| Other Comprehensive Income | NT$691.61 Million | 23.73% |
| Other Components | NT$1.50 Billion | 51.58% |
| Total Equity | NT$2.91 Billion | 100.00% |
TOPBI International Holdings Ltd Competitors by Market Cap
The table below lists competitors of TOPBI International Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Giant Mining Corp.
PINK:BFGFF
|
$18.49 Million |
|
KGL Resources Limited
PINK:KGLLF
|
$18.50 Million |
|
Webstep ASA
OL:WSTEP
|
$18.51 Million |
|
Hung Chou Fiber Ind Co Ltd
TW:1413
|
$18.51 Million |
|
Bet Shemesh Engines Holdings 1997 Ltd
TA:BSEN
|
$18.49 Million |
|
Baydoner Restoranlari A.S.
IS:BYDNR
|
$18.48 Million |
|
Guillemot Corporation S.A.
PA:GUI
|
$18.47 Million |
|
KEBNI AB SER.B
F:KEN
|
$18.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOPBI International Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,801,283,000 to 2,913,919,000, a change of 112,636,000 (4.0%).
- Net income of 14,801,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 150,470,000.
- Other factors decreased equity by 52,635,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$14.80 Million | +0.51% |
| Other Comprehensive Income | NT$150.47 Million | +5.16% |
| Other Changes | NT$-52.63 Million | -1.81% |
| Total Change | NT$- | 4.02% |
Book Value vs Market Value Analysis
This analysis compares TOPBI International Holdings 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: 0.25x
- 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 0.62x to 0.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | NT$10.80 | NT$6.65 | x |
| 2013-12-31 | NT$27.68 | NT$6.65 | x |
| 2014-12-31 | NT$29.43 | NT$6.65 | x |
| 2015-12-31 | NT$33.05 | NT$6.65 | x |
| 2016-12-31 | NT$34.95 | NT$6.65 | x |
| 2017-12-31 | NT$41.62 | NT$6.65 | x |
| 2018-12-31 | NT$45.44 | NT$6.65 | x |
| 2019-12-31 | NT$52.01 | NT$6.65 | x |
| 2020-12-31 | NT$31.91 | NT$6.65 | x |
| 2021-12-31 | NT$25.23 | NT$6.65 | x |
| 2022-12-31 | NT$26.81 | NT$6.65 | x |
| 2023-12-31 | NT$25.70 | NT$6.65 | x |
| 2024-12-31 | NT$26.74 | NT$6.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOPBI International Holdings 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): 0.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.70%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.38x
- Recent ROE (0.51%) is below the historical average (7.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 37.75% | 13.25% | 1.53x | 1.86x | NT$271.70 Million |
| 2013 | 22.80% | 15.12% | 1.02x | 1.48x | NT$322.12 Million |
| 2014 | 24.06% | 16.19% | 0.99x | 1.50x | NT$440.62 Million |
| 2015 | 23.72% | 15.57% | 0.96x | 1.58x | NT$483.72 Million |
| 2016 | 19.65% | 12.91% | 0.92x | 1.65x | NT$361.06 Million |
| 2017 | 20.27% | 15.43% | 0.81x | 1.62x | NT$462.48 Million |
| 2018 | 19.19% | 14.10% | 0.80x | 1.71x | NT$456.70 Million |
| 2019 | 20.02% | 15.83% | 0.89x | 1.42x | NT$567.89 Million |
| 2020 | -64.04% | -79.57% | 0.48x | 1.66x | NT$-2.58 Billion |
| 2021 | -25.49% | -23.65% | 0.72x | 1.50x | NT$-975.75 Million |
| 2022 | 4.54% | 5.21% | 0.58x | 1.50x | NT$-159.45 Million |
| 2023 | -2.43% | -2.86% | 0.59x | 1.45x | NT$-348.34 Million |
| 2024 | 0.51% | 0.70% | 0.53x | 1.38x | NT$-276.59 Million |
Industry Comparison
This section compares TOPBI International Holdings Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $4,073,403,000
- Average return on equity (ROE) among peers: 7.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOPBI International Holdings Ltd (2929) | NT$2.75 Billion | 37.75% | 0.25x | $18.49 Million |
| Tah Hsin Industrial Corp (1315) | $3.84 Billion | 6.99% | 0.54x | $112.20 Million |
| Tex-Ray Industrial Co Ltd (1467) | $1.78 Billion | 0.00% | 1.86x | $23.42 Million |
| Tainan Enterprises Co Ltd (1473) | $4.19 Billion | 5.35% | 0.64x | $52.82 Million |
| Eclat Textile Co Ltd (1476) | $8.12 Billion | 33.73% | 0.55x | $1.58 Billion |
| Makalot Industrial Co Ltd (1477) | $15.45 Billion | 22.76% | 0.58x | $1.92 Billion |
| Munsin Garment (2916) | $915.83 Million | 9.10% | 0.38x | $43.53 Million |
| Cayman Tung Ling Co Ltd (2924) | $644.14 Million | -15.03% | 0.69x | $8.00 Million |
| Est Global Apparel Co.Ltd (4413) | $294.23 Million | 2.11% | 0.41x | $11.04 Million |
| Roo Hsing Co Ltd (4414) | $1.44 Billion | 0.00% | 1.49x | $65.02 Million |