Simple Mart Retail Co Ltd
Simple Mart Retail Co., Ltd., together with its subsidiaries, operates supermarkets in Taiwan. It operates in two segments, Segment A and Other Segments. The company engages in the retail sales of daily commodities, home shopping, health supplements, over the counter medicines, cosmetic, and organic products, as well as pet food and supplies. It is also involved in investment activities. The comp… Read more
Simple Mart Retail Co Ltd (2945) - Net Assets
Latest net assets as of September 2025: NT$2.02 Billion TWD
Based on the latest financial reports, Simple Mart Retail Co Ltd (2945) has net assets worth NT$2.02 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$6.26 Billion) and total liabilities (NT$4.23 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$2.02 Billion |
| % of Total Assets | 32.33% |
| Annual Growth Rate | 9.02% |
| 5-Year Change | 54.24% |
| 10-Year Change | N/A |
| Growth Volatility | 19.39 |
Simple Mart Retail Co Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Simple Mart Retail 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 Simple Mart Retail Co Ltd (2018–2024)
The table below shows the annual net assets of Simple Mart Retail Co Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.04 Billion | +7.62% |
| 2023-12-31 | NT$1.89 Billion | +1.79% |
| 2022-12-31 | NT$1.86 Billion | -7.04% |
| 2021-12-31 | NT$2.00 Billion | +51.45% |
| 2020-12-31 | NT$1.32 Billion | +12.33% |
| 2019-12-31 | NT$1.18 Billion | -3.07% |
| 2018-12-31 | NT$1.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Simple Mart Retail 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 19.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$145.50 Million | 7.65% |
| Common Stock | NT$675.00 Million | 35.51% |
| Other Components | NT$1.08 Billion | 56.83% |
| Total Equity | NT$1.90 Billion | 100.00% |
Simple Mart Retail Co Ltd Competitors by Market Cap
The table below lists competitors of Simple Mart Retail Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MARINOMED BIOTECH AG INH.
F:93Z
|
$21.48 Million |
|
Formetal Co. Ltd
KQ:119500
|
$21.48 Million |
|
RDE, Inc. Common Stock
NASDAQ:RSTN
|
$21.48 Million |
|
Neo-Neon Holdings Limited
TW:911868
|
$21.49 Million |
|
CMR S.A.B. de C.V
MX:CMRB
|
$21.46 Million |
|
SIMEC Atlantis Energy Limited
PINK:SMAYF
|
$21.46 Million |
|
Buda Juice, Inc.
NYSE MKT:BUDA
|
$21.46 Million |
|
Rapala VMC Oyj
HE:RAP1V
|
$21.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Simple Mart Retail Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,845,410,000 to 1,900,809,000, a change of 55,399,000 (3.0%).
- Net income of 136,399,000 contributed positively to equity growth.
- Dividend payments of 81,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$136.40 Million | +7.18% |
| Dividends Paid | NT$81.00 Million | -4.26% |
| Total Change | NT$- | 3.00% |
Book Value vs Market Value Analysis
This analysis compares Simple Mart Retail 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: 1.46x
- 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 2.01x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | NT$20.41 | NT$40.95 | x |
| 2019-12-31 | NT$19.64 | NT$40.95 | x |
| 2020-12-31 | NT$22.07 | NT$40.95 | x |
| 2021-12-31 | NT$33.02 | NT$40.95 | x |
| 2022-12-31 | NT$26.57 | NT$40.95 | x |
| 2023-12-31 | NT$27.37 | NT$40.95 | x |
| 2024-12-31 | NT$28.12 | NT$40.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Simple Mart Retail 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): 7.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.95%
- • Asset Turnover: 2.24x
- • Equity Multiplier: 3.36x
- Recent ROE (7.18%) is below the historical average (8.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 14.65% | 1.48% | 3.65x | 2.71x | NT$56.38 Million |
| 2019 | 3.58% | 0.35% | 2.41x | 4.26x | NT$-75.42 Million |
| 2020 | 13.78% | 1.38% | 2.59x | 3.86x | NT$49.93 Million |
| 2021 | 9.73% | 1.33% | 2.48x | 2.94x | NT$-5.47 Million |
| 2022 | 3.08% | 0.39% | 2.47x | 3.20x | NT$-124.22 Million |
| 2023 | 5.48% | 0.72% | 2.39x | 3.19x | NT$-83.39 Million |
| 2024 | 7.18% | 0.95% | 2.24x | 3.36x | NT$-53.68 Million |
Industry Comparison
This section compares Simple Mart Retail Co Ltd's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $8,798,127,000
- Average return on equity (ROE) among peers: 20.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Simple Mart Retail Co Ltd (2945) | NT$2.02 Billion | 14.65% | 2.09x | $21.47 Million |
| President Chain Store Corp (2912) | $8.80 Billion | 20.30% | 1.11x | $3.35 Billion |