Desiccant Technology Corporation
Desiccant Technology Corporation, together with its subsidiaries, manufactures and sells industrial dehumidification, drying, and pollution control equipment in Taiwan and China. The company also offers air purification and processing, air treatment equipment, plastic processing, and energy-saving equipment, as well as its spare parts. In addition, it provides volatile organic gases exhaust abate… Read more
Desiccant Technology Corporation (5292) - Net Assets
Latest net assets as of September 2025: NT$1.79 Billion TWD
Based on the latest financial reports, Desiccant Technology Corporation (5292) has net assets worth NT$1.79 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$3.90 Billion) and total liabilities (NT$2.11 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$1.79 Billion |
| % of Total Assets | 45.8% |
| Annual Growth Rate | 31.0% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 17.35 |
Desiccant Technology Corporation - Net Assets Trend (2020–2024)
This chart illustrates how Desiccant Technology Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Desiccant Technology Corporation (2020–2024)
The table below shows the annual net assets of Desiccant Technology Corporation from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.68 Billion | +15.79% |
| 2023-12-31 | NT$1.45 Billion | +56.91% |
| 2022-12-31 | NT$926.89 Million | +39.86% |
| 2021-12-31 | NT$662.71 Million | +15.90% |
| 2020-12-31 | NT$571.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Desiccant Technology Corporation'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 230.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$835.65 Million | 49.62% |
| Common Stock | NT$382.80 Million | 22.73% |
| Other Components | NT$465.57 Million | 27.65% |
| Total Equity | NT$1.68 Billion | 100.00% |
Desiccant Technology Corporation Competitors by Market Cap
The table below lists competitors of Desiccant Technology Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Foraco International SA
PINK:FRACF
|
$120.53 Million |
|
Globaltek Fabrication Co Ltd
TW:4566
|
$120.53 Million |
|
APAC Resources Limited
F:FZV1
|
$120.60 Million |
|
Recce Pharmaceuticals Ltd
PINK:RECEF
|
$120.60 Million |
|
Tetamat Gida Yatirimlari AS
IS:TETMT
|
$120.51 Million |
|
Caisse Reg Cred Agric Mut Tourain Poitou
PA:CRTO
|
$120.47 Million |
|
Empire Energy Group Limited
PINK:EEGUF
|
$120.45 Million |
|
ACME UTD CORP. DL 250
F:UT1
|
$120.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Desiccant Technology Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,454,395,000 to 1,684,023,000, a change of 229,628,000 (15.8%).
- Net income of 377,313,000 contributed positively to equity growth.
- Dividend payments of 156,600,000 reduced retained earnings.
- Other comprehensive income increased equity by 20,987,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$377.31 Million | +22.41% |
| Dividends Paid | NT$156.60 Million | -9.3% |
| Other Comprehensive Income | NT$20.99 Million | +1.25% |
| Other Changes | NT$-12.07 Million | -0.72% |
| Total Change | NT$- | 15.79% |
Book Value vs Market Value Analysis
This analysis compares Desiccant Technology Corporation'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: 4.70x
- 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 decreased from 11.73x to 4.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$15.95 | NT$187.00 | x |
| 2021-12-31 | NT$20.33 | NT$187.00 | x |
| 2022-12-31 | NT$27.22 | NT$187.00 | x |
| 2023-12-31 | NT$38.09 | NT$187.00 | x |
| 2024-12-31 | NT$39.75 | NT$187.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Desiccant Technology Corporation 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): 22.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.79%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.00x
- Recent ROE (22.41%) is above the historical average (22.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 20.28% | 10.41% | 0.87x | 2.24x | NT$58.76 Million |
| 2021 | 21.93% | 9.87% | 0.91x | 2.45x | NT$79.07 Million |
| 2022 | 26.11% | 12.00% | 0.88x | 2.46x | NT$149.28 Million |
| 2023 | 20.98% | 14.60% | 0.76x | 1.90x | NT$159.71 Million |
| 2024 | 22.41% | 16.79% | 0.67x | 2.00x | NT$208.91 Million |
Industry Comparison
This section compares Desiccant Technology Corporation's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $949,889,571
- Average return on equity (ROE) among peers: 6.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Desiccant Technology Corporation (5292) | NT$1.79 Billion | 20.28% | 1.18x | $120.51 Million |
| China Ecotek Corp (1535) | $1.07 Billion | 6.11% | 2.19x | $61.88 Million |
| Bright Sheland International Co Ltd (4556) | $840.67 Million | 3.89% | 1.20x | $11.85 Million |
| GSD Technologies Co. Ltd (6641) | $671.50 Million | 3.84% | 0.67x | $8.79 Million |
| JG Environmental Technology Co.,Ltd. (6723) | $366.55 Million | 6.53% | 1.05x | $12.16 Million |
| Mega Union Technology Inc. (6944) | $1.05 Billion | 18.95% | 5.63x | $1.21 Billion |
| Fluxtek International Corp. (7443) | $261.28 Million | 7.47% | 1.23x | $2.54K |
| Super Dragon Technology Co Ltd (9955) | $2.40 Billion | 2.04% | 0.35x | $49.34 Million |