General Plastic Industrial Co Ltd
General Plastic Industrial Co., Ltd. engages in the manufacture and sale of toner cartridges of photocopiers, laser printers, and organic photoconductive drum gears. The company offers copier toner cartridge, waste toner container, and remanufactured drum unit; and laser printer toner cartridge products. It also offers personal protective equipment; and project management and logistics services. … Read more
General Plastic Industrial Co Ltd (6128) - Net Assets
Latest net assets as of September 2025: NT$2.67 Billion TWD
Based on the latest financial reports, General Plastic Industrial Co Ltd (6128) has net assets worth NT$2.67 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$6.41 Billion) and total liabilities (NT$3.74 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$2.67 Billion |
| % of Total Assets | 41.69% |
| Annual Growth Rate | 6.73% |
| 5-Year Change | 38.12% |
| 10-Year Change | 135.12% |
| Growth Volatility | 16.84 |
General Plastic Industrial Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how General Plastic Industrial Co 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 General Plastic Industrial Co Ltd (2003–2024)
The table below shows the annual net assets of General Plastic Industrial Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.37 Billion | +5.31% |
| 2023-12-31 | NT$4.15 Billion | +4.48% |
| 2022-12-31 | NT$3.97 Billion | +21.33% |
| 2021-12-31 | NT$3.27 Billion | +3.46% |
| 2020-12-31 | NT$3.17 Billion | -8.50% |
| 2019-12-31 | NT$3.46 Billion | +0.81% |
| 2018-12-31 | NT$3.43 Billion | +76.08% |
| 2017-12-31 | NT$1.95 Billion | +9.27% |
| 2016-12-31 | NT$1.78 Billion | -4.08% |
| 2015-12-31 | NT$1.86 Billion | +5.32% |
| 2014-12-31 | NT$1.77 Billion | +6.75% |
| 2013-12-31 | NT$1.65 Billion | +4.01% |
| 2012-12-31 | NT$1.59 Billion | -3.14% |
| 2011-12-31 | NT$1.64 Billion | +1.98% |
| 2010-12-31 | NT$1.61 Billion | +3.11% |
| 2009-12-31 | NT$1.56 Billion | +15.51% |
| 2008-12-31 | NT$1.35 Billion | +4.62% |
| 2007-12-31 | NT$1.29 Billion | -3.60% |
| 2006-12-31 | NT$1.34 Billion | +17.62% |
| 2005-12-31 | NT$1.14 Billion | -3.07% |
| 2004-12-31 | NT$1.18 Billion | +5.55% |
| 2003-12-31 | NT$1.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to General Plastic Industrial 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 440.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.02 Billion | 23.31% |
| Common Stock | NT$1.28 Billion | 29.18% |
| Other Comprehensive Income | NT$876.58 Million | 20.05% |
| Other Components | NT$1.20 Billion | 27.46% |
| Total Equity | NT$4.37 Billion | 100.00% |
General Plastic Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of General Plastic Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LBG MEDIA PLC LS -001
F:S83
|
$45.94 Million |
|
Kabe Group AB Series B
LSE:0L9Z
|
$45.95 Million |
|
Top Frontier Investment Holdings Inc
OTCGREY:TPHIF
|
$45.95 Million |
|
PRICELINE.COM
BE:PCE1
|
$45.95 Million |
|
Softronic AB
ST:SOF-B
|
$45.92 Million |
|
Roundtop Machinery Industries Co Ltd
TW:1540
|
$45.90 Million |
|
International Battery Metals Ltd
PINK:IBATF
|
$45.88 Million |
|
Orexo AB
ST:ORX
|
$45.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General Plastic Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,151,517,000 to 4,371,974,000, a change of 220,457,000 (5.3%).
- Net income of 367,148,000 contributed positively to equity growth.
- Dividend payments of 318,972,000 reduced retained earnings.
- Other comprehensive income increased equity by 86,697,000.
- Other factors increased equity by 85,584,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$367.15 Million | +8.4% |
| Dividends Paid | NT$318.97 Million | -7.3% |
| Other Comprehensive Income | NT$86.70 Million | +1.98% |
| Other Changes | NT$85.58 Million | +1.96% |
| Total Change | NT$- | 5.31% |
Book Value vs Market Value Analysis
This analysis compares General Plastic Industrial 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: 0.68x
- 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 1.38x to 0.68x 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$16.59 | NT$22.95 | x |
| 2010-12-31 | NT$17.00 | NT$22.95 | x |
| 2011-12-31 | NT$17.23 | NT$22.95 | x |
| 2012-12-31 | NT$16.67 | NT$22.95 | x |
| 2013-12-31 | NT$17.33 | NT$22.95 | x |
| 2014-12-31 | NT$18.48 | NT$22.95 | x |
| 2015-12-31 | NT$19.45 | NT$22.95 | x |
| 2016-12-31 | NT$18.99 | NT$22.95 | x |
| 2017-12-31 | NT$22.15 | NT$22.95 | x |
| 2018-12-31 | NT$29.34 | NT$22.95 | x |
| 2019-12-31 | NT$26.91 | NT$22.95 | x |
| 2020-12-31 | NT$24.66 | NT$22.95 | x |
| 2021-12-31 | NT$25.53 | NT$22.95 | x |
| 2022-12-31 | NT$30.89 | NT$22.95 | x |
| 2023-12-31 | NT$32.28 | NT$22.95 | x |
| 2024-12-31 | NT$33.99 | NT$22.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General Plastic Industrial 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): 8.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.66%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.98x
- Recent ROE (8.40%) is below the historical average (13.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 15.90% | 16.12% | 0.49x | 2.03x | NT$65.75 Million |
| 2004 | 16.12% | 16.90% | 0.51x | 1.87x | NT$71.94 Million |
| 2005 | 6.61% | 6.95% | 0.79x | 1.21x | NT$-38.58 Million |
| 2006 | 18.81% | 19.38% | 0.79x | 1.23x | NT$118.12 Million |
| 2007 | 11.71% | 11.95% | 0.76x | 1.30x | NT$22.11 Million |
| 2008 | 12.51% | 12.88% | 0.79x | 1.23x | NT$33.90 Million |
| 2009 | 22.33% | 21.70% | 0.79x | 1.30x | NT$192.45 Million |
| 2010 | 19.56% | 18.50% | 0.85x | 1.24x | NT$153.85 Million |
| 2011 | 15.02% | 17.20% | 0.67x | 1.30x | NT$82.38 Million |
| 2012 | 12.18% | 13.64% | 0.61x | 1.45x | NT$34.65 Million |
| 2013 | 13.29% | 12.73% | 0.65x | 1.61x | NT$54.34 Million |
| 2014 | 15.88% | 15.09% | 0.50x | 2.09x | NT$103.73 Million |
| 2015 | 18.12% | 17.65% | 0.52x | 1.96x | NT$150.98 Million |
| 2016 | 21.10% | 19.62% | 0.52x | 2.05x | NT$197.96 Million |
| 2017 | 23.48% | 27.14% | 0.32x | 2.71x | NT$262.65 Million |
| 2018 | 1.21% | 0.61% | 1.01x | 1.96x | NT$-301.73 Million |
| 2019 | 10.18% | 5.59% | 0.90x | 2.02x | NT$6.13 Million |
| 2020 | 4.70% | 3.51% | 0.65x | 2.06x | NT$-167.91 Million |
| 2021 | 10.28% | 6.84% | 0.73x | 2.07x | NT$9.10 Million |
| 2022 | 17.08% | 11.90% | 0.73x | 1.97x | NT$281.26 Million |
| 2023 | 10.44% | 8.15% | 0.65x | 1.98x | NT$18.08 Million |
| 2024 | 8.40% | 6.66% | 0.64x | 1.98x | NT$-70.05 Million |
Industry Comparison
This section compares General Plastic Industrial Co Ltd's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $1,755,253,333
- Average return on equity (ROE) among peers: 9.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General Plastic Industrial Co Ltd (6128) | NT$2.67 Billion | 15.90% | 1.40x | $45.92 Million |
| Mercuries Data Systems Ltd (2427) | $3.13 Billion | 9.02% | 1.47x | $72.68 Million |
| Huxen Corp (2433) | $4.91 Billion | 10.75% | 0.72x | $43.43 Million |
| Uniform Industrial Corp (2482) | $685.71 Million | 9.80% | 0.27x | $24.47 Million |
| Gold Rain Enterprises (4503) | $496.42 Million | 7.34% | 0.23x | $51.90 Million |
| Castles Technology Co Ltd (5258) | $1.62 Billion | 18.62% | 0.85x | $117.50 Million |
| TECO Image Systems Co Ltd (5438) | $1.81 Billion | 2.74% | 0.37x | $17.26 Million |
| XAC Automation (5490) | $1.70 Billion | 18.72% | 0.28x | $63.18 Million |
| Cipherlab Co Ltd (6160) | $968.69 Million | 5.34% | 0.30x | $23.95 Million |
| Taiwan Name Plate Co. Ltd. (6593) | $473.95 Million | 3.51% | 0.88x | $25.65 Million |