Grand Ocean Retail Group Ltd
Grand Ocean Retail Group Ltd., together with its subsidiaries, engages in the department store retail business in China. The company also offers business management consulting services; and trades in cosmetics and furnishings. Grand Ocean Retail Group Ltd. was incorporated in 2002 and is based in Taipei City, Taiwan.
Grand Ocean Retail Group Ltd (5907) - Net Assets
Latest net assets as of September 2025: NT$3.93 Billion TWD
Based on the latest financial reports, Grand Ocean Retail Group Ltd (5907) has net assets worth NT$3.93 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$20.92 Billion) and total liabilities (NT$16.99 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$3.93 Billion |
| % of Total Assets | 18.78% |
| Annual Growth Rate | 2.08% |
| 5-Year Change | -43.77% |
| 10-Year Change | -54.79% |
| Growth Volatility | 20.38 |
Grand Ocean Retail Group Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Grand Ocean Retail Group 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 Grand Ocean Retail Group Ltd (2008–2024)
The table below shows the annual net assets of Grand Ocean Retail Group Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.79 Billion | -5.65% |
| 2023-12-31 | NT$5.07 Billion | -30.08% |
| 2022-12-31 | NT$7.26 Billion | -9.75% |
| 2021-12-31 | NT$8.04 Billion | -5.55% |
| 2020-12-31 | NT$8.51 Billion | -4.40% |
| 2019-12-31 | NT$8.90 Billion | -9.42% |
| 2018-12-31 | NT$9.83 Billion | +0.77% |
| 2017-12-31 | NT$9.75 Billion | +2.52% |
| 2016-12-31 | NT$9.52 Billion | -10.13% |
| 2015-12-31 | NT$10.59 Billion | -5.28% |
| 2014-12-31 | NT$11.18 Billion | +9.31% |
| 2013-12-31 | NT$10.23 Billion | -5.29% |
| 2012-12-31 | NT$10.80 Billion | +34.49% |
| 2011-12-31 | NT$8.03 Billion | +56.34% |
| 2010-12-31 | NT$5.13 Billion | +29.64% |
| 2009-12-31 | NT$3.96 Billion | +14.99% |
| 2008-12-31 | NT$3.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grand Ocean Retail Group 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 156.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.96 Billion | 40.85% |
| Other Comprehensive Income | NT$-825.48 Million | -17.25% |
| Other Components | NT$4.17 Billion | 87.09% |
| Total Equity | NT$4.79 Billion | 100.00% |
Grand Ocean Retail Group Ltd Competitors by Market Cap
The table below lists competitors of Grand Ocean Retail Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INDOFARM
NSE:INDOFARM
|
$19.46 Million |
|
Bear Creek Mining Corporation
OTCQX:BCEKF
|
$19.47 Million |
|
Elinoil Hellenic Petroleum Company S.A
AT:ELIN
|
$19.47 Million |
|
Elektroimportoren As
OL:ELIMP
|
$19.48 Million |
|
Redbubble Limited
PINK:RDBBF
|
$19.46 Million |
|
Pintec Technology Holdings Ltd
NASDAQ:PT
|
$19.46 Million |
|
Consolidated Finvest & Holdings Limited
NSE:CONSOFINVT
|
$19.46 Million |
|
Borlease Otomotiv A.S.
IS:BORLS
|
$19.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grand Ocean Retail Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,072,799,000 to 4,786,307,000, a change of -286,492,000 (-5.6%).
- Net loss of 511,891,000 reduced equity.
- Other comprehensive income decreased equity by 960,598,000.
- Other factors increased equity by 1,185,997,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-511.89 Million | -10.69% |
| Other Comprehensive Income | NT$-960.60 Million | -20.07% |
| Other Changes | NT$1.19 Billion | +24.78% |
| Total Change | NT$- | -5.65% |
Book Value vs Market Value Analysis
This analysis compares Grand Ocean Retail Group 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: 0.24x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$22.96 | NT$5.94 | x |
| 2011-12-31 | NT$46.01 | NT$5.94 | x |
| 2012-12-31 | NT$55.67 | NT$5.94 | x |
| 2013-12-31 | NT$51.13 | NT$5.94 | x |
| 2014-12-31 | NT$55.99 | NT$5.94 | x |
| 2015-12-31 | NT$53.50 | NT$5.94 | x |
| 2016-12-31 | NT$50.33 | NT$5.94 | x |
| 2017-12-31 | NT$53.19 | NT$5.94 | x |
| 2018-12-31 | NT$53.65 | NT$5.94 | x |
| 2019-12-31 | NT$45.60 | NT$5.94 | x |
| 2020-12-31 | NT$43.53 | NT$5.94 | x |
| 2021-12-31 | NT$41.11 | NT$5.94 | x |
| 2022-12-31 | NT$37.11 | NT$5.94 | x |
| 2023-12-31 | NT$25.94 | NT$5.94 | x |
| 2024-12-31 | NT$24.48 | NT$5.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grand Ocean Retail Group Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.82%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 5.06x
- Recent ROE (-10.69%) is below the historical average (0.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 9.29% | 2.40% | 1.29x | 3.00x | NT$-36.40 Million |
| 2011 | 10.51% | 3.26% | 1.37x | 2.35x | NT$40.87 Million |
| 2012 | 9.04% | 3.38% | 1.34x | 1.99x | NT$-103.62 Million |
| 2013 | 9.65% | 13.73% | 0.28x | 2.48x | NT$-35.28 Million |
| 2014 | 9.61% | 14.11% | 0.29x | 2.37x | NT$-43.85 Million |
| 2015 | 3.04% | 4.44% | 0.28x | 2.46x | NT$-736.08 Million |
| 2016 | 3.27% | 4.85% | 0.29x | 2.32x | NT$-640.26 Million |
| 2017 | 3.51% | 5.66% | 0.27x | 2.26x | NT$-633.03 Million |
| 2018 | 5.04% | 7.67% | 0.31x | 2.13x | NT$-487.61 Million |
| 2019 | 6.78% | 9.09% | 0.25x | 2.94x | NT$-286.41 Million |
| 2020 | -1.43% | -2.55% | 0.20x | 2.86x | NT$-973.27 Million |
| 2021 | -2.89% | -4.50% | 0.19x | 3.39x | NT$-1.04 Billion |
| 2022 | -11.48% | -20.07% | 0.18x | 3.22x | NT$-1.56 Billion |
| 2023 | -41.08% | -54.55% | 0.16x | 4.78x | NT$-2.59 Billion |
| 2024 | -10.69% | -15.82% | 0.13x | 5.06x | NT$-990.52 Million |
Industry Comparison
This section compares Grand Ocean Retail Group Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $8,240,245,571
- Average return on equity (ROE) among peers: 7.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grand Ocean Retail Group Ltd (5907) | NT$3.93 Billion | 9.29% | 4.33x | $19.46 Million |
| First Steamship Co Ltd (2601) | $13.08 Billion | 0.05% | 1.64x | $133.86 Million |
| Far Eastern Department Stores Ltd (2903) | $35.09 Billion | 4.58% | 2.27x | $698.42 Million |
| Tonlin Department Store Co Ltd (2910) | $2.27 Billion | 7.50% | 1.35x | $16.98 Million |
| Eslite Spectrum (2926) | $561.52 Million | -23.00% | 30.03x | $21.23 Million |
| Jing-Jan Retail Business Co., Ltd. (2942) | $1.08 Billion | 10.36% | 5.38x | $10.95 Million |
| Taiwan FamilyMart Co Ltd (5903) | $4.94 Billion | 26.21% | 3.68x | $198.91 Million |
| Poya International Co Ltd (5904) | $661.81 Million | 23.41% | 1.45x | $1.03 Billion |