Cheer Time Enterprise Co Ltd (3229) - Net Assets
Based on the latest financial reports, Cheer Time Enterprise Co Ltd (3229) has net assets worth NT$596.28 Million TWD (≈ $18.79 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$807.16 Million ≈ $25.43 Million USD) and total liabilities (NT$210.89 Million ≈ $6.64 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 how resilient are Cheer Time Enterprise Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$596.28 Million |
| % of Total Assets | 73.87% |
| Annual Growth Rate | 2.28% |
| 5-Year Change | 79.15% |
| 10-Year Change | -45.53% |
| Growth Volatility | 33.27 |
Cheer Time Enterprise Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Cheer Time Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 3229 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Cheer Time Enterprise Co Ltd (2002–2024)
The table below shows the annual net assets of Cheer Time Enterprise Co Ltd from 2002 to 2024. For live valuation and market cap data, see 3229 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$627.03 Million ≈ $19.75 Million |
+1.41% |
| 2023-12-31 | NT$618.29 Million ≈ $19.48 Million |
-3.37% |
| 2022-12-31 | NT$639.86 Million ≈ $20.16 Million |
+124.60% |
| 2021-12-31 | NT$284.89 Million ≈ $8.98 Million |
-18.60% |
| 2020-12-31 | NT$350.00 Million ≈ $11.03 Million |
-40.07% |
| 2019-12-31 | NT$583.99 Million ≈ $18.40 Million |
-19.00% |
| 2018-12-31 | NT$720.93 Million ≈ $22.71 Million |
-7.36% |
| 2017-12-31 | NT$778.21 Million ≈ $24.52 Million |
-13.51% |
| 2016-12-31 | NT$899.78 Million ≈ $28.35 Million |
-21.84% |
| 2015-12-31 | NT$1.15 Billion ≈ $36.27 Million |
+15.46% |
| 2014-12-31 | NT$997.04 Million ≈ $31.41 Million |
+5.73% |
| 2013-12-31 | NT$943.04 Million ≈ $29.71 Million |
+69.65% |
| 2012-12-31 | NT$555.88 Million ≈ $17.51 Million |
-24.06% |
| 2011-12-31 | NT$732.02 Million ≈ $23.06 Million |
+0.20% |
| 2010-12-31 | NT$730.53 Million ≈ $23.02 Million |
-1.63% |
| 2009-12-31 | NT$742.60 Million ≈ $23.40 Million |
+10.49% |
| 2008-12-31 | NT$672.11 Million ≈ $21.18 Million |
+11.22% |
| 2007-12-31 | NT$604.29 Million ≈ $19.04 Million |
-3.25% |
| 2006-12-31 | NT$624.57 Million ≈ $19.68 Million |
+10.60% |
| 2005-12-31 | NT$564.69 Million ≈ $17.79 Million |
+12.53% |
| 2004-12-31 | NT$501.80 Million ≈ $15.81 Million |
+13.19% |
| 2003-12-31 | NT$443.33 Million ≈ $13.97 Million |
+16.09% |
| 2002-12-31 | NT$381.89 Million ≈ $12.03 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Cheer Time Enterprise 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 349.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$736.87 Million | 117.52% |
| Total Equity | NT$627.03 Million | 100.00% |
Cheer Time Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Cheer Time Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Noble Development Public Company Limited
BK:NOBLE
|
$81.10 Million |
|
Golden Bridge Electech Inc
TW:6133
|
$81.10 Million |
|
Neuraxis, Inc.
NYSE MKT:NRXS
|
$81.11 Million |
|
CPN Commercial Growth Leasehold Property Fund
BK:CPNCG
|
$81.12 Million |
|
Savezone I C
KO:067830
|
$81.08 Million |
|
Sea Oil Public Company Limited
BK:SEAOIL
|
$81.08 Million |
|
Gopeng Bhd
KLSE:2135
|
$81.04 Million |
|
CORA GOLD LTD O.N.
F:C0J
|
$81.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cheer Time Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 618,295,000 to 627,029,000, a change of 8,734,000 (1.4%).
- Net income of 8,734,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 4,279,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$8.73 Million | +1.39% |
| Other Comprehensive Income | NT$-4.28 Million | -0.68% |
| Other Changes | NT$4.28 Million | +0.68% |
| Total Change | NT$- | 1.41% |
Book Value vs Market Value Analysis
This analysis compares Cheer Time Enterprise 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: 4.10x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.05x to 4.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$38.12 | NT$40.05 | x |
| 2010-12-31 | NT$34.00 | NT$40.05 | x |
| 2011-12-31 | NT$34.19 | NT$40.05 | x |
| 2012-12-31 | NT$27.02 | NT$40.05 | x |
| 2013-12-31 | NT$36.13 | NT$40.05 | x |
| 2014-12-31 | NT$30.90 | NT$40.05 | x |
| 2015-12-31 | NT$30.21 | NT$40.05 | x |
| 2016-12-31 | NT$25.40 | NT$40.05 | x |
| 2017-12-31 | NT$24.12 | NT$40.05 | x |
| 2018-12-31 | NT$22.10 | NT$40.05 | x |
| 2019-12-31 | NT$17.34 | NT$40.05 | x |
| 2020-12-31 | NT$10.69 | NT$40.05 | x |
| 2021-12-31 | NT$8.97 | NT$40.05 | x |
| 2022-12-31 | NT$11.16 | NT$40.05 | x |
| 2023-12-31 | NT$9.62 | NT$40.05 | x |
| 2024-12-31 | NT$9.76 | NT$40.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cheer Time Enterprise 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): 1.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.95%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 1.34x
- Recent ROE (1.39%) is above the historical average (-2.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 11.16% | 9.67% | 0.79x | 1.46x | NT$4.43 Million |
| 2003 | 21.38% | 17.90% | 0.82x | 1.46x | NT$50.46 Million |
| 2004 | 20.06% | 16.20% | 0.93x | 1.32x | NT$50.50 Million |
| 2005 | 21.15% | 16.81% | 0.97x | 1.30x | NT$62.94 Million |
| 2006 | 14.68% | 11.17% | 0.75x | 1.75x | NT$29.23 Million |
| 2007 | 5.41% | 3.77% | 0.93x | 1.55x | NT$-27.74 Million |
| 2008 | 8.54% | 4.34% | 0.94x | 2.09x | NT$-9.79 Million |
| 2009 | 2.31% | 1.69% | 0.78x | 1.75x | NT$-57.12 Million |
| 2010 | 3.91% | 2.12% | 1.11x | 1.66x | NT$-44.48 Million |
| 2011 | 3.14% | 2.10% | 0.97x | 1.54x | NT$-50.22 Million |
| 2012 | -21.38% | -18.13% | 0.81x | 1.45x | NT$-174.45 Million |
| 2013 | 5.57% | 7.54% | 0.57x | 1.29x | NT$-41.76 Million |
| 2014 | 4.94% | 6.02% | 0.59x | 1.39x | NT$-50.48 Million |
| 2015 | -4.23% | -5.42% | 0.47x | 1.64x | NT$-138.71 Million |
| 2016 | -19.92% | -32.44% | 0.37x | 1.65x | NT$-245.14 Million |
| 2017 | -2.18% | -3.62% | 0.43x | 1.40x | NT$-94.82 Million |
| 2018 | -10.09% | -15.65% | 0.45x | 1.44x | NT$-143.23 Million |
| 2019 | -28.89% | -28.67% | 0.64x | 1.59x | NT$-217.59 Million |
| 2020 | -66.78% | -58.92% | 0.61x | 1.87x | NT$-264.77 Million |
| 2021 | -22.48% | -14.77% | 0.83x | 1.84x | NT$-94.01 Million |
| 2022 | -5.15% | -4.02% | 0.85x | 1.51x | NT$-96.94 Million |
| 2023 | -4.07% | -2.71% | 1.01x | 1.49x | NT$-86.97 Million |
| 2024 | 1.39% | 0.95% | 1.09x | 1.34x | NT$-53.97 Million |
Industry Comparison
This section compares Cheer Time Enterprise Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $192,873,822,500
- Average return on equity (ROE) among peers: 9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheer Time Enterprise Co Ltd (3229) | NT$596.28 Million | 11.16% | 0.35x | $81.09 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 16.02% | 0.51x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $2.80 Billion | 0.00% | 2.80x | $1.78 Billion |
| Delta Electronics Inc (2308) | $55.06 Billion | 20.58% | 0.62x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $32.37 Billion | 15.88% | 1.22x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.66 Trillion | 8.54% | 1.50x | $96.56 Billion |
| Yageo Corp (2327) | $136.62 Billion | 12.79% | 1.43x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $11.99 Billion | 5.76% | 0.72x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $15.85 Billion | 3.13% | 0.42x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.97 Billion | 7.43% | 0.24x | $642.50 Million |
About Cheer Time Enterprise Co Ltd
Cheer Time Enterprise Co., Ltd engages in the manufacturing, processing, and sales of rigid printed circuit boards (PCBs) Asia, North America, Oceania, and Europe. The company offers high density interconnect, teflon, ceramic plate, load board, aluminum plate, and rigid-flex boards; special process products, such as copper plated and blind drill PCBs, as well as VIA IN/ON PAD, tapered hole, and P… Read more