Trade-Van Information Services Co
Trade-Van Information Services Co. provides electronic data exchange services and related services in Taiwan. Its customer clearance services include e-manager, US sea cargo pre-declaration, value added tax customization, e-custom, container information, shipper inquiries system, customs automation, container yard and autonomy management system, shipping system, tax payment system, bonded warehou… Read more
Trade-Van Information Services Co (6183) - Net Assets
Latest net assets as of June 2025: NT$2.50 Billion TWD
Based on the latest financial reports, Trade-Van Information Services Co (6183) has net assets worth NT$2.50 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.28 Billion) and total liabilities (NT$1.78 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$2.50 Billion |
| % of Total Assets | 58.43% |
| Annual Growth Rate | 0.89% |
| 5-Year Change | 21.45% |
| 10-Year Change | 35.36% |
| Growth Volatility | 5.28 |
Trade-Van Information Services Co - Net Assets Trend (2002–2024)
This chart illustrates how Trade-Van Information Services Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trade-Van Information Services Co (2002–2024)
The table below shows the annual net assets of Trade-Van Information Services Co from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.71 Billion | +4.73% |
| 2023-12-31 | NT$2.59 Billion | +4.89% |
| 2022-12-31 | NT$2.47 Billion | +5.87% |
| 2021-12-31 | NT$2.33 Billion | +4.44% |
| 2020-12-31 | NT$2.23 Billion | +1.90% |
| 2019-12-31 | NT$2.19 Billion | +1.59% |
| 2018-12-31 | NT$2.16 Billion | +2.54% |
| 2017-12-31 | NT$2.11 Billion | +3.68% |
| 2016-12-31 | NT$2.03 Billion | +1.26% |
| 2015-12-31 | NT$2.01 Billion | +0.66% |
| 2014-12-31 | NT$1.99 Billion | +1.76% |
| 2013-12-31 | NT$1.96 Billion | +0.31% |
| 2012-12-31 | NT$1.95 Billion | +3.31% |
| 2011-12-31 | NT$1.89 Billion | +0.87% |
| 2010-12-31 | NT$1.87 Billion | +2.99% |
| 2009-12-31 | NT$1.82 Billion | -21.75% |
| 2008-12-31 | NT$2.32 Billion | +1.46% |
| 2007-12-31 | NT$2.29 Billion | +1.69% |
| 2006-12-31 | NT$2.25 Billion | +1.50% |
| 2005-12-31 | NT$2.22 Billion | -0.49% |
| 2004-12-31 | NT$2.23 Billion | -1.60% |
| 2003-12-31 | NT$2.27 Billion | +1.54% |
| 2002-12-31 | NT$2.23 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trade-Van Information Services Co'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 227.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$607.12 Million | 22.37% |
| Other Components | NT$2.11 Billion | 77.63% |
| Total Equity | NT$2.71 Billion | 100.00% |
Trade-Van Information Services Co Competitors by Market Cap
The table below lists competitors of Trade-Van Information Services Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Commerce.com, Inc.
NASDAQ:CMRC
|
$149.33 Million |
|
Awfis Space Solutions Ltd
NSE:AWFIS
|
$149.36 Million |
|
OP Bancorp
NASDAQ:OPBK
|
$149.38 Million |
|
EXPLOS. PROD. CHIM.EO 31
F:9Z50
|
$149.41 Million |
|
GFPT Public Company Limited
BK:GFPT
|
$149.26 Million |
|
IDUN INDUSTRIER AB B
F:1W6
|
$149.19 Million |
|
Dorsel Holdings Ltd
TA:DRSH
|
$149.18 Million |
|
Inogen Inc
NASDAQ:INGN
|
$149.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trade-Van Information Services Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,591,516,000 to 2,714,028,000, a change of 122,512,000 (4.7%).
- Net income of 510,283,000 contributed positively to equity growth.
- Dividend payments of 412,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 565,639,000.
- Other factors increased equity by 590,368,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$510.28 Million | +18.8% |
| Dividends Paid | NT$412.50 Million | -15.2% |
| Other Comprehensive Income | NT$-565.64 Million | -20.84% |
| Other Changes | NT$590.37 Million | +21.75% |
| Total Change | NT$- | 4.73% |
Book Value vs Market Value Analysis
This analysis compares Trade-Van Information Services Co'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: 5.13x
- 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 9.10x to 5.13x 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$10.21 | NT$92.90 | x |
| 2010-12-31 | NT$12.45 | NT$92.90 | x |
| 2011-12-31 | NT$12.56 | NT$92.90 | x |
| 2012-12-31 | NT$12.96 | NT$92.90 | x |
| 2013-12-31 | NT$13.01 | NT$92.90 | x |
| 2014-12-31 | NT$13.24 | NT$92.90 | x |
| 2015-12-31 | NT$13.31 | NT$92.90 | x |
| 2016-12-31 | NT$13.46 | NT$92.90 | x |
| 2017-12-31 | NT$13.95 | NT$92.90 | x |
| 2018-12-31 | NT$14.30 | NT$92.90 | x |
| 2019-12-31 | NT$14.56 | NT$92.90 | x |
| 2020-12-31 | NT$14.85 | NT$92.90 | x |
| 2021-12-31 | NT$15.49 | NT$92.90 | x |
| 2022-12-31 | NT$16.40 | NT$92.90 | x |
| 2023-12-31 | NT$17.21 | NT$92.90 | x |
| 2024-12-31 | NT$18.09 | NT$92.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trade-Van Information Services Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.97%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.64x
- Recent ROE (18.80%) is above the historical average (10.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 7.69% | 21.21% | 0.33x | 1.10x | NT$-51.49 Million |
| 2003 | 8.53% | 25.49% | 0.31x | 1.09x | NT$-33.30 Million |
| 2004 | 6.17% | 20.21% | 0.28x | 1.08x | NT$-85.41 Million |
| 2005 | 5.11% | 15.61% | 0.29x | 1.12x | NT$-108.39 Million |
| 2006 | 7.81% | 24.08% | 0.29x | 1.11x | NT$-49.30 Million |
| 2007 | 6.81% | 16.86% | 0.35x | 1.14x | NT$-73.08 Million |
| 2008 | 7.80% | 19.56% | 0.35x | 1.14x | NT$-51.20 Million |
| 2009 | 6.76% | 13.20% | 0.44x | 1.17x | NT$-58.96 Million |
| 2010 | 9.08% | 15.98% | 0.47x | 1.20x | NT$-17.25 Million |
| 2011 | 8.89% | 12.06% | 0.57x | 1.30x | NT$-21.06 Million |
| 2012 | 11.03% | 12.71% | 0.66x | 1.31x | NT$20.17 Million |
| 2013 | 9.89% | 12.50% | 0.61x | 1.31x | NT$-2.10 Million |
| 2014 | 9.87% | 14.60% | 0.51x | 1.33x | NT$-2.55 Million |
| 2015 | 9.21% | 14.05% | 0.50x | 1.32x | NT$-15.92 Million |
| 2016 | 10.17% | 16.51% | 0.48x | 1.29x | NT$3.35 Million |
| 2017 | 12.11% | 18.11% | 0.52x | 1.28x | NT$44.30 Million |
| 2018 | 13.00% | 17.68% | 0.54x | 1.35x | NT$64.60 Million |
| 2019 | 13.37% | 17.00% | 0.60x | 1.32x | NT$73.98 Million |
| 2020 | 15.09% | 17.75% | 0.60x | 1.42x | NT$113.75 Million |
| 2021 | 18.24% | 19.05% | 0.58x | 1.66x | NT$192.28 Million |
| 2022 | 18.78% | 20.46% | 0.66x | 1.38x | NT$217.02 Million |
| 2023 | 18.55% | 20.92% | 0.63x | 1.41x | NT$221.51 Million |
| 2024 | 18.80% | 19.97% | 0.57x | 1.64x | NT$238.88 Million |
Industry Comparison
This section compares Trade-Van Information Services Co's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $2,051,208,750
- Average return on equity (ROE) among peers: 15.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trade-Van Information Services Co (6183) | NT$2.50 Billion | 7.69% | 0.71x | $149.27 Million |
| Farglory FTZ Investment Holding Co Ltd (5607) | $3.06 Billion | 0.32% | 1.09x | $231.53 Million |
| Sporton International (6146) | $4.07 Billion | 18.22% | 0.31x | $421.54 Million |
| ChainSea Information Integration Co.,Ltd. (6898) | $400.56 Million | 33.53% | 0.61x | $52.19 Million |
| Dong Fang Offshore Co., Ltd. (7786) | $5.17 Billion | 23.75% | 0.53x | $274.56 Million |
| Bai Sha Technology Co Ltd (8401) | $1.13 Billion | 15.15% | 0.37x | $36.67 Million |
| Transart Graphics Co Ltd (8481) | $1.00 Billion | 30.15% | 0.30x | $33.02 Million |
| Forward Graphic Enterprise Co Ltd (8906) | $363.96 Million | 0.68% | 1.98x | $25.75 Million |
| Choice Development Inc (9929) | $1.20 Billion | 0.00% | 2.93x | $10.77 Million |