Tex Year Industries Inc (4720) - Net Assets
Based on the latest financial reports, Tex Year Industries Inc (4720) has net assets worth NT$1.68 Billion TWD (≈ $52.87 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$3.37 Billion ≈ $106.17 Million USD) and total liabilities (NT$1.69 Billion ≈ $53.30 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 4720 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.68 Billion |
| % of Total Assets | 49.8% |
| Annual Growth Rate | 4.69% |
| 5-Year Change | 39.76% |
| 10-Year Change | 61.3% |
| Growth Volatility | 5.51 |
Tex Year Industries Inc - Net Assets Trend (2009–2024)
This chart illustrates how Tex Year Industries Inc's net assets have evolved over time, based on quarterly financial data. Also explore 4720 asset base for the complete picture of this company's asset base.
Annual Net Assets for Tex Year Industries Inc (2009–2024)
The table below shows the annual net assets of Tex Year Industries Inc from 2009 to 2024. For live valuation and market cap data, see Tex Year Industries Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.79 Billion ≈ $56.33 Million |
+20.22% |
| 2023-12-31 | NT$1.49 Billion ≈ $46.86 Million |
+2.74% |
| 2022-12-31 | NT$1.45 Billion ≈ $45.61 Million |
+7.76% |
| 2021-12-31 | NT$1.34 Billion ≈ $42.33 Million |
+5.01% |
| 2020-12-31 | NT$1.28 Billion ≈ $40.31 Million |
+6.04% |
| 2019-12-31 | NT$1.21 Billion ≈ $38.01 Million |
+0.66% |
| 2018-12-31 | NT$1.20 Billion ≈ $37.76 Million |
+0.64% |
| 2017-12-31 | NT$1.19 Billion ≈ $37.52 Million |
+1.88% |
| 2016-12-31 | NT$1.17 Billion ≈ $36.83 Million |
+5.46% |
| 2015-12-31 | NT$1.11 Billion ≈ $34.92 Million |
+7.87% |
| 2014-12-31 | NT$1.03 Billion ≈ $32.38 Million |
+6.30% |
| 2013-12-31 | NT$966.69 Million ≈ $30.46 Million |
+0.21% |
| 2012-12-31 | NT$964.70 Million ≈ $30.39 Million |
+4.17% |
| 2011-12-31 | NT$926.10 Million ≈ $29.18 Million |
+9.04% |
| 2010-12-31 | NT$849.32 Million ≈ $26.76 Million |
-5.59% |
| 2009-12-31 | NT$899.57 Million ≈ $28.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tex Year Industries Inc'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 169.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$207.22 Million | 12.51% |
| Common Stock | NT$1.15 Billion | 69.16% |
| Other Comprehensive Income | NT$-66.03 Million | -3.99% |
| Other Components | NT$369.52 Million | 22.32% |
| Total Equity | NT$1.66 Billion | 100.00% |
Tex Year Industries Inc Competitors by Market Cap
The table below lists competitors of Tex Year Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bunzl PLC
LSE:BNZL
|
$95.25 Million |
|
R. Stahl AG NA O.N.
F:RSL2
|
$95.25 Million |
|
Mahachai Hospital Public Company Limited
BK:M-CHAI
|
$95.25 Million |
|
Sat Nusapersada Tbk
JK:PTSN
|
$95.29 Million |
|
Scully Royalty Ltd
F:MB01
|
$95.24 Million |
|
Neontech Co. Ltd
KQ:306620
|
$95.20 Million |
|
Blink Charging Co
NASDAQ:BLNK
|
$95.19 Million |
|
Buriram Sugar Public Company Limited
BK:BRR
|
$95.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tex Year Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,361,677,000 to 1,655,867,000, a change of 294,190,000 (21.6%).
- Net income of 161,039,000 contributed positively to equity growth.
- Dividend payments of 57,139,000 reduced retained earnings.
- Other comprehensive income increased equity by 33,365,000.
- Other factors increased equity by 156,925,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$161.04 Million | +9.73% |
| Dividends Paid | NT$57.14 Million | -3.45% |
| Other Comprehensive Income | NT$33.37 Million | +2.01% |
| Other Changes | NT$156.93 Million | +9.48% |
| Total Change | NT$- | 21.60% |
Book Value vs Market Value Analysis
This analysis compares Tex Year Industries Inc'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: 1.84x
- 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 2.52x to 1.84x 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$10.50 | NT$26.40 | x |
| 2010-12-31 | NT$9.90 | NT$26.40 | x |
| 2011-12-31 | NT$10.75 | NT$26.40 | x |
| 2012-12-31 | NT$11.24 | NT$26.40 | x |
| 2013-12-31 | NT$11.11 | NT$26.40 | x |
| 2014-12-31 | NT$11.77 | NT$26.40 | x |
| 2015-12-31 | NT$12.64 | NT$26.40 | x |
| 2016-12-31 | NT$13.01 | NT$26.40 | x |
| 2017-12-31 | NT$9.84 | NT$26.40 | x |
| 2018-12-31 | NT$9.74 | NT$26.40 | x |
| 2019-12-31 | NT$9.81 | NT$26.40 | x |
| 2020-12-31 | NT$10.08 | NT$26.40 | x |
| 2021-12-31 | NT$10.49 | NT$26.40 | x |
| 2022-12-31 | NT$11.42 | NT$26.40 | x |
| 2023-12-31 | NT$11.86 | NT$26.40 | x |
| 2024-12-31 | NT$14.37 | NT$26.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tex Year Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.38%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.92x
- Recent ROE (9.73%) is above the historical average (5.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 3.41% | 1.80% | 1.13x | 1.68x | NT$-58.90 Million |
| 2010 | 1.69% | 0.62% | 1.42x | 1.91x | NT$-70.16 Million |
| 2011 | 6.13% | 2.31% | 1.38x | 1.93x | NT$-35.56 Million |
| 2012 | 7.78% | 3.10% | 1.49x | 1.68x | NT$-21.28 Million |
| 2013 | 5.35% | 2.39% | 1.22x | 1.83x | NT$-44.27 Million |
| 2014 | 8.19% | 3.58% | 1.31x | 1.75x | NT$-18.25 Million |
| 2015 | 9.30% | 4.10% | 1.29x | 1.76x | NT$-7.57 Million |
| 2016 | 7.00% | 3.03% | 1.08x | 2.14x | NT$-33.85 Million |
| 2017 | 2.63% | 1.02% | 1.13x | 2.30x | NT$-80.58 Million |
| 2018 | 2.88% | 0.96% | 1.12x | 2.68x | NT$-77.09 Million |
| 2019 | 4.05% | 1.37% | 1.11x | 2.68x | NT$-64.86 Million |
| 2020 | 8.92% | 3.22% | 1.03x | 2.68x | NT$-12.27 Million |
| 2021 | 2.40% | 0.81% | 1.08x | 2.73x | NT$-91.22 Million |
| 2022 | 1.55% | 0.55% | 1.10x | 2.53x | NT$-110.62 Million |
| 2023 | 5.62% | 2.31% | 1.10x | 2.21x | NT$-59.70 Million |
| 2024 | 9.73% | 4.38% | 1.15x | 1.92x | NT$-4.55 Million |
Industry Comparison
This section compares Tex Year Industries Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $57,109,694,600
- Average return on equity (ROE) among peers: 4.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tex Year Industries Inc (4720) | NT$1.68 Billion | 3.41% | 1.01x | $95.25 Million |
| Formosa Plastics Corp (1301) | $96.92 Billion | 10.21% | 0.85x | $10.33 Billion |
| Nan Ya Plastics Corp (1303) | $367.22 Billion | 14.85% | 0.48x | $22.39 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $484.79 Million |
| China General Plastics Corp (1305) | $8.24 Billion | -11.92% | 1.12x | $271.85 Million |
| Asia Polymer Corp (1308) | $5.06 Billion | 6.70% | 0.14x | $281.53 Million |
| Taita Chemical Co Ltd (1309) | $3.29 Billion | 16.28% | 1.75x | $260.54 Million |
| China Petrochemical Development Corp (1314) | $51.06 Billion | -3.66% | 0.50x | $884.79 Million |
| Ocean Plastics Co Ltd (1321) | $2.58 Billion | -10.23% | 0.69x | $211.37 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $80.00K | 0.00% | 0.25x | $42.54 Million |
| Everlight Chemical Industrial Corp (1711) | $7.32 Billion | 8.03% | 0.59x | $975.03 Million |
About Tex Year Industries Inc
Tex Year Industries Inc., together with its subsidiaries, manufactures and trades in glues, adhesives, hot-melt glues, and medical equipment in Taiwan, Mainland China, Asia, Europe, America, and internationally. The company offers hot melt adhesives under the Tex Year brand; super glue under the 3 SECONDS brand; high-temperature and high-pressure medical autoclaves; and after-sales, and repair an… Read more