Depo Auto Parts Industrial Co Ltd (6605) - Net Assets
Based on the latest financial reports, Depo Auto Parts Industrial Co Ltd (6605) has net assets worth NT$20.40 Billion TWD (≈ $642.84 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$32.84 Billion ≈ $1.03 Billion USD) and total liabilities (NT$12.43 Billion ≈ $391.70 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 Depo Auto Parts Industrial Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$20.40 Billion |
| % of Total Assets | 62.14% |
| Annual Growth Rate | 9.83% |
| 5-Year Change | 39.51% |
| 10-Year Change | 67.34% |
| Growth Volatility | 10.89 |
Depo Auto Parts Industrial Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Depo Auto Parts Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 6605 total assets for the complete picture of this company's asset base.
Annual Net Assets for Depo Auto Parts Industrial Co Ltd (2002–2025)
The table below shows the annual net assets of Depo Auto Parts Industrial Co Ltd from 2002 to 2025. For live valuation and market cap data, see how much is Depo Auto Parts Industrial Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$20.40 Billion ≈ $642.84 Million |
+4.13% |
| 2024-12-31 | NT$19.59 Billion ≈ $617.32 Million |
+12.07% |
| 2023-12-31 | NT$17.48 Billion ≈ $550.84 Million |
+9.50% |
| 2022-12-31 | NT$15.97 Billion ≈ $503.03 Million |
+9.17% |
| 2021-12-31 | NT$14.63 Billion ≈ $460.79 Million |
+6.34% |
| 2020-12-31 | NT$13.75 Billion ≈ $433.33 Million |
+2.77% |
| 2019-12-31 | NT$13.38 Billion ≈ $421.64 Million |
+1.43% |
| 2018-12-31 | NT$13.19 Billion ≈ $415.69 Million |
+4.08% |
| 2017-12-31 | NT$12.68 Billion ≈ $399.40 Million |
+3.97% |
| 2016-12-31 | NT$12.19 Billion ≈ $384.14 Million |
+7.52% |
| 2015-12-31 | NT$11.34 Billion ≈ $357.27 Million |
+9.08% |
| 2014-12-31 | NT$10.40 Billion ≈ $327.53 Million |
+11.59% |
| 2013-12-31 | NT$9.32 Billion ≈ $293.51 Million |
+11.22% |
| 2012-12-31 | NT$8.38 Billion ≈ $263.91 Million |
+11.73% |
| 2011-12-31 | NT$7.50 Billion ≈ $236.20 Million |
-10.83% |
| 2010-12-31 | NT$8.41 Billion ≈ $264.89 Million |
+4.59% |
| 2009-12-31 | NT$8.04 Billion ≈ $253.27 Million |
+5.39% |
| 2008-12-31 | NT$7.63 Billion ≈ $240.32 Million |
+4.64% |
| 2007-12-31 | NT$7.29 Billion ≈ $229.67 Million |
+10.36% |
| 2006-12-31 | NT$6.61 Billion ≈ $208.11 Million |
+28.14% |
| 2005-12-31 | NT$5.15 Billion ≈ $162.41 Million |
+16.79% |
| 2004-12-31 | NT$4.41 Billion ≈ $139.06 Million |
+44.95% |
| 2003-12-31 | NT$3.05 Billion ≈ $95.94 Million |
+28.91% |
| 2002-12-31 | NT$2.36 Billion ≈ $74.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Depo Auto Parts 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 1279.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$12.74 Billion | 64.01% |
| Common Stock | NT$1.66 Billion | 8.33% |
| Other Comprehensive Income | NT$3.57 Billion | 17.95% |
| Other Components | NT$1.93 Billion | 9.70% |
| Total Equity | NT$19.90 Billion | 100.00% |
Depo Auto Parts Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Depo Auto Parts Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dalian Sunasia Tourism Holding Co Ltd
SHG:600593
|
$650.53 Million |
|
Anhui Landun Photoelectron Co Ltd
SHE:300862
|
$650.53 Million |
|
Sonida Senior Living Inc
NYSE:SNDA
|
$650.74 Million |
|
Bestore Co Ltd
SHG:603719
|
$650.75 Million |
|
Doman Building Materials Group Ltd
TO:DBM
|
$650.38 Million |
|
DCB Bank Limited
NSE:DCBBANK
|
$649.92 Million |
|
Senvest Capital Inc.
TO:SEC
|
$649.84 Million |
|
Talkspace Inc
NASDAQ:TALK
|
$649.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Depo Auto Parts Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,082,501,000 to 19,903,028,000, a change of 820,527,000 (4.3%).
- Net income of 2,320,534,000 contributed positively to equity growth.
- Dividend payments of 1,492,348,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,573,487,000.
- Other factors decreased equity by 3,581,146,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.32 Billion | +11.66% |
| Dividends Paid | NT$1.49 Billion | -7.5% |
| Other Comprehensive Income | NT$3.57 Billion | +17.95% |
| Other Changes | NT$-3.58 Billion | -17.99% |
| Total Change | NT$- | 4.30% |
Book Value vs Market Value Analysis
This analysis compares Depo Auto Parts 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: 1.04x
- 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 4.25x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$29.28 | NT$124.50 | x |
| 2005-12-31 | NT$31.89 | NT$124.50 | x |
| 2006-12-31 | NT$38.81 | NT$124.50 | x |
| 2007-12-31 | NT$42.41 | NT$124.50 | x |
| 2008-12-31 | NT$43.89 | NT$124.50 | x |
| 2009-12-31 | NT$47.20 | NT$124.50 | x |
| 2010-12-31 | NT$50.32 | NT$124.50 | x |
| 2011-12-31 | NT$45.05 | NT$124.50 | x |
| 2012-12-31 | NT$49.88 | NT$124.50 | x |
| 2013-12-31 | NT$55.48 | NT$124.50 | x |
| 2014-12-31 | NT$61.97 | NT$124.50 | x |
| 2015-12-31 | NT$66.33 | NT$124.50 | x |
| 2016-12-31 | NT$70.12 | NT$124.50 | x |
| 2017-12-31 | NT$72.85 | NT$124.50 | x |
| 2018-12-31 | NT$75.77 | NT$124.50 | x |
| 2019-12-31 | NT$77.28 | NT$124.50 | x |
| 2020-12-31 | NT$79.36 | NT$124.50 | x |
| 2021-12-31 | NT$84.13 | NT$124.50 | x |
| 2022-12-31 | NT$91.28 | NT$124.50 | x |
| 2023-12-31 | NT$101.10 | NT$124.50 | x |
| 2024-12-31 | NT$113.73 | NT$124.50 | x |
| 2025-12-31 | NT$119.82 | NT$124.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Depo Auto Parts 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): 11.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.95%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.65x
- Recent ROE (11.66%) is below the historical average (14.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 28.70% | 17.31% | 0.92x | 1.79x | NT$441.73 Million |
| 2003 | 31.52% | 18.29% | 0.96x | 1.79x | NT$646.96 Million |
| 2004 | 30.20% | 20.54% | 0.89x | 1.66x | NT$884.44 Million |
| 2005 | 28.91% | 20.27% | 0.84x | 1.69x | NT$968.22 Million |
| 2006 | 20.05% | 16.55% | 0.75x | 1.61x | NT$659.96 Million |
| 2007 | 22.20% | 17.06% | 0.74x | 1.75x | NT$889.49 Million |
| 2008 | 12.79% | 10.05% | 0.72x | 1.76x | NT$213.15 Million |
| 2009 | 13.09% | 10.73% | 0.70x | 1.73x | NT$248.20 Million |
| 2010 | 13.37% | 9.84% | 0.67x | 2.02x | NT$283.12 Million |
| 2011 | -5.23% | -3.25% | 0.66x | 2.45x | NT$-1.14 Billion |
| 2012 | 13.05% | 8.60% | 0.67x | 2.28x | NT$253.46 Million |
| 2013 | 14.44% | 9.80% | 0.61x | 2.40x | NT$411.00 Million |
| 2014 | 16.13% | 11.35% | 0.61x | 2.35x | NT$634.77 Million |
| 2015 | 14.10% | 10.40% | 0.57x | 2.37x | NT$455.86 Million |
| 2016 | 10.16% | 7.55% | 0.57x | 2.37x | NT$19.05 Million |
| 2017 | 8.24% | 6.22% | 0.53x | 2.49x | NT$-214.57 Million |
| 2018 | 7.41% | 5.79% | 0.50x | 2.55x | NT$-327.61 Million |
| 2019 | 5.00% | 4.13% | 0.48x | 2.52x | NT$-645.55 Million |
| 2020 | 4.45% | 4.14% | 0.47x | 2.30x | NT$-735.29 Million |
| 2021 | 8.04% | 7.04% | 0.51x | 2.22x | NT$-277.70 Million |
| 2022 | 11.65% | 10.48% | 0.49x | 2.25x | NT$254.50 Million |
| 2023 | 13.93% | 12.77% | 0.58x | 1.88x | NT$668.43 Million |
| 2024 | 16.49% | 15.62% | 0.61x | 1.73x | NT$1.24 Billion |
| 2025 | 11.66% | 11.95% | 0.59x | 1.65x | NT$330.23 Million |
Industry Comparison
This section compares Depo Auto Parts Industrial Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $3,947,219,200
- Average return on equity (ROE) among peers: 6.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Depo Auto Parts Industrial Co Ltd (6605) | NT$20.40 Billion | 28.70% | 0.61x | $650.40 Million |
| Tong Yang Industry Co Ltd (1319) | $11.24 Billion | 5.63% | 1.19x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.66 Billion | 6.42% | 0.51x | $33.99 Million |
| Hiroca Holdings Ltd (1338) | $6.78 Billion | 8.05% | 0.47x | $41.60 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.21 Billion | -6.78% | 1.25x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $1.99 Billion | 0.51% | 0.82x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.90 Billion | 18.96% | 0.91x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $5.71 Billion | 9.68% | 1.73x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.06 Billion | 0.30% | 1.75x | $146.61 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $146.38 Million |
About Depo Auto Parts Industrial Co Ltd
Depo Auto Parts Industrial Co., Ltd. manufactures and sells automotive and other related lighting products in Taiwan, Asia, and the United States. The company offers stamping, plastic injections, and painting and other transportation equipment. It also engages in the manufactures and trades of automotive and motorcycle parts; automotive and motorcycle light fixtures and bulbs; automotive plastic … Read more