Quang Viet Enterprise Co Ltd (4438) - Net Assets
Based on the latest financial reports, Quang Viet Enterprise Co Ltd (4438) has net assets worth NT$10.25 Billion TWD (≈ $322.99 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$22.25 Billion ≈ $700.95 Million USD) and total liabilities (NT$12.00 Billion ≈ $377.96 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 4438 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$10.25 Billion |
| % of Total Assets | 46.08% |
| Annual Growth Rate | 15.78% |
| 5-Year Change | 24.55% |
| 10-Year Change | 115.63% |
| Growth Volatility | 19.71 |
Quang Viet Enterprise Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Quang Viet Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Quang Viet Enterprise Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Quang Viet Enterprise Co Ltd (2012–2024)
The table below shows the annual net assets of Quang Viet Enterprise Co Ltd from 2012 to 2024. For live valuation and market cap data, see Quang Viet Enterprise Co Ltd (4438) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.15 Billion ≈ $319.94 Million |
+2.14% |
| 2023-12-31 | NT$9.94 Billion ≈ $313.23 Million |
+1.79% |
| 2022-12-31 | NT$9.77 Billion ≈ $307.74 Million |
+16.40% |
| 2021-12-31 | NT$8.39 Billion ≈ $264.38 Million |
+2.92% |
| 2020-12-31 | NT$8.15 Billion ≈ $256.87 Million |
+4.58% |
| 2019-12-31 | NT$7.80 Billion ≈ $245.61 Million |
+4.58% |
| 2018-12-31 | NT$7.45 Billion ≈ $234.86 Million |
+13.34% |
| 2017-12-31 | NT$6.58 Billion ≈ $207.21 Million |
+0.07% |
| 2016-12-31 | NT$6.57 Billion ≈ $207.08 Million |
+39.56% |
| 2015-12-31 | NT$4.71 Billion ≈ $148.38 Million |
+12.28% |
| 2014-12-31 | NT$4.19 Billion ≈ $132.15 Million |
+52.46% |
| 2013-12-31 | NT$2.75 Billion ≈ $86.68 Million |
+57.17% |
| 2012-12-31 | NT$1.75 Billion ≈ $55.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Quang Viet 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 grown by 241.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.01 Billion | 50.03% |
| Common Stock | NT$1.03 Billion | 12.89% |
| Other Comprehensive Income | NT$-172.70 Million | -2.15% |
| Other Components | NT$3.15 Billion | 39.23% |
| Total Equity | NT$8.02 Billion | 100.00% |
Quang Viet Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Quang Viet Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SNS
KLSE:0259
|
$197.74 Million |
|
Ceragon Networks Ltd
NASDAQ:CRNT
|
$197.76 Million |
|
Samyoung Elec
KO:005680
|
$197.81 Million |
|
OMS Energy Technologies Inc.
NASDAQ:OMSE
|
$197.81 Million |
|
United Pharm
KO:033270
|
$197.70 Million |
|
Catella AB (publ)
ST:CAT-B
|
$197.61 Million |
|
i-SENS Inc
KQ:099190
|
$197.36 Million |
|
Atomera Inc
NASDAQ:ATOM
|
$197.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Quang Viet Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,879,752,000 to 8,021,272,000, a change of 141,520,000 (1.8%).
- Net income of 401,988,000 contributed positively to equity growth.
- Dividend payments of 537,812,000 reduced retained earnings.
- Other comprehensive income increased equity by 229,199,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$401.99 Million | +5.01% |
| Dividends Paid | NT$537.81 Million | -6.7% |
| Other Comprehensive Income | NT$229.20 Million | +2.86% |
| Other Changes | NT$48.14 Million | +0.6% |
| Total Change | NT$- | 1.80% |
Book Value vs Market Value Analysis
This analysis compares Quang Viet 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: 0.80x
- 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 2.94x to 0.80x 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$18.95 | NT$55.70 | x |
| 2013-12-31 | NT$29.79 | NT$55.70 | x |
| 2014-12-31 | NT$48.37 | NT$55.70 | x |
| 2015-12-31 | NT$50.97 | NT$55.70 | x |
| 2016-12-31 | NT$69.45 | NT$55.70 | x |
| 2017-12-31 | NT$61.15 | NT$55.70 | x |
| 2018-12-31 | NT$64.04 | NT$55.70 | x |
| 2019-12-31 | NT$66.18 | NT$55.70 | x |
| 2020-12-31 | NT$59.09 | NT$55.70 | x |
| 2021-12-31 | NT$60.71 | NT$55.70 | x |
| 2022-12-31 | NT$70.77 | NT$55.70 | x |
| 2023-12-31 | NT$68.54 | NT$55.70 | x |
| 2024-12-31 | NT$69.38 | NT$55.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Quang Viet 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): 5.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.44%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.14x
- Recent ROE (5.01%) is below the historical average (14.75%), 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 | 35.06% | 13.58% | 1.02x | 2.52x | NT$438.65 Million |
| 2013 | 23.43% | 12.85% | 1.04x | 1.76x | NT$369.50 Million |
| 2014 | 21.84% | 10.85% | 1.31x | 1.53x | NT$495.99 Million |
| 2015 | 20.00% | 10.04% | 1.34x | 1.48x | NT$470.16 Million |
| 2016 | 10.66% | 7.73% | 1.12x | 1.24x | NT$43.47 Million |
| 2017 | 8.28% | 5.13% | 1.17x | 1.37x | NT$-108.58 Million |
| 2018 | 11.60% | 5.79% | 1.23x | 1.63x | NT$105.96 Million |
| 2019 | 14.47% | 6.19% | 1.40x | 1.68x | NT$310.59 Million |
| 2020 | 8.07% | 4.41% | 0.95x | 1.93x | NT$-128.33 Million |
| 2021 | 9.15% | 4.84% | 0.88x | 2.15x | NT$-58.59 Million |
| 2022 | 14.82% | 5.86% | 1.22x | 2.08x | NT$382.34 Million |
| 2023 | 9.32% | 4.44% | 1.05x | 1.99x | NT$-53.79 Million |
| 2024 | 5.01% | 2.44% | 0.96x | 2.14x | NT$-400.14 Million |
Industry Comparison
This section compares Quang Viet Enterprise Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $4,308,728,600
- Average return on equity (ROE) among peers: 7.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Quang Viet Enterprise Co Ltd (4438) | NT$10.25 Billion | 35.06% | 1.17x | $197.72 Million |
| Tah Hsin Industrial Corp (1315) | $5.29 Billion | 5.23% | 0.35x | $187.50 Million |
| Tex-Ray Industrial Co Ltd (1467) | $2.22 Billion | -3.45% | 2.07x | $52.41 Million |
| Tainan Enterprises Co Ltd (1473) | $2.40 Billion | 17.76% | 0.57x | $97.85 Million |
| Eclat Textile Co Ltd (1476) | $18.12 Billion | 23.72% | 0.29x | $2.89 Billion |
| Makalot Industrial Co Ltd (1477) | $8.88 Billion | 16.97% | 0.54x | $1.64 Billion |
| Munsin Garment (2916) | $992.33 Million | 13.87% | 0.31x | $92.44 Million |
| Cayman Tung Ling Co Ltd (2924) | $158.10 Million | -21.70% | 0.56x | $35.33 Million |
| TOPBI International Holdings Ltd (2929) | $3.13 Billion | 24.06% | 0.50x | $19.21 Million |
| Roo Hsing Co Ltd (4414) | $703.87 Million | 0.00% | 3.36x | $83.94 Million |
| Hakers Enterprise Co Ltd (4432) | $1.19 Billion | -0.74% | 0.27x | $22.79 Million |
About Quang Viet Enterprise Co Ltd
Quang Viet Enterprise Co., Ltd. manufactures, process, and sells garments in Taiwan. It operates through Clothing Business, Feather Business, and Medical Materials Business segments. The company offers various types of jackets, including synthetic insulation, high puffer and packable down, seam seal, and water repellent down jackets. It also produces, process, and sells raw material, as well as m… Read more