GSD Technologies Co. Ltd
GSD Technologies Co., Ltd. manufactures and sells environmental protection equipment and its consumables in Asia and internationally. The company offers submersible pumps, on land pumps, blowers, and machines; aerating oxygen inputting, mixing and flow propeller, solid liquid separation, reactor and package, and intelligent equipment; consumable and pharmaceutical products; and electric control c… Read more
GSD Technologies Co. Ltd (6641) - Net Assets
Latest net assets as of September 2025: NT$1.39 Billion TWD
Based on the latest financial reports, GSD Technologies Co. Ltd (6641) has net assets worth NT$1.39 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$2.00 Billion) and total liabilities (NT$603.09 Million). 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$1.39 Billion |
| % of Total Assets | 69.8% |
| Annual Growth Rate | 9.15% |
| 5-Year Change | 14.51% |
| 10-Year Change | N/A |
| Growth Volatility | 17.03 |
GSD Technologies Co. Ltd - Net Assets Trend (2015–2024)
This chart illustrates how GSD Technologies 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 GSD Technologies Co. Ltd (2015–2024)
The table below shows the annual net assets of GSD Technologies Co. Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.48 Billion | +3.33% |
| 2023-12-31 | NT$1.43 Billion | -7.39% |
| 2022-12-31 | NT$1.54 Billion | +4.14% |
| 2021-12-31 | NT$1.48 Billion | +14.92% |
| 2020-12-31 | NT$1.29 Billion | +3.82% |
| 2019-12-31 | NT$1.24 Billion | +5.99% |
| 2018-12-31 | NT$1.17 Billion | +54.20% |
| 2017-12-31 | NT$760.08 Million | +16.27% |
| 2016-12-31 | NT$653.74 Million | -2.64% |
| 2015-12-31 | NT$671.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GSD Technologies 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 338.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$328.05 Million | 22.23% |
| Common Stock | NT$370.00 Million | 25.08% |
| Other Comprehensive Income | NT$-71.77 Million | -4.86% |
| Other Components | NT$849.13 Million | 57.55% |
| Total Equity | NT$1.48 Billion | 100.00% |
GSD Technologies Co. Ltd Competitors by Market Cap
The table below lists competitors of GSD Technologies Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
418620
KQ:418620
|
$8.79 Million |
|
Fine Metal Technologies Public Company Limited
BK:FMT
|
$8.80 Million |
|
Express Transindo Utama Tbk
JK:TAXI
|
$8.80 Million |
|
Noxopharm Limited
PINK:NOXOF
|
$8.80 Million |
|
KRM22 Plc
PINK:KRMCF
|
$8.79 Million |
|
Oil Terminal C
RO:OIL
|
$8.79 Million |
|
VerifyMe Inc
NASDAQ:VRME
|
$8.79 Million |
|
SPC Nickel Corp
PINK:SPCNF
|
$8.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GSD Technologies Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,419,382,000 to 1,475,416,000, a change of 56,034,000 (3.9%).
- Net income of 51,214,000 contributed positively to equity growth.
- Dividend payments of 36,500,000 reduced retained earnings.
- Other comprehensive income increased equity by 39,633,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$51.21 Million | +3.47% |
| Dividends Paid | NT$36.50 Million | -2.47% |
| Other Comprehensive Income | NT$39.63 Million | +2.69% |
| Other Changes | NT$1.69 Million | +0.11% |
| Total Change | NT$- | 3.95% |
Book Value vs Market Value Analysis
This analysis compares GSD Technologies 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: 0.49x
- 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 0.87x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | NT$21.89 | NT$19.15 | x |
| 2016-12-31 | NT$21.52 | NT$19.15 | x |
| 2017-12-31 | NT$24.84 | NT$19.15 | x |
| 2018-12-31 | NT$37.02 | NT$19.15 | x |
| 2019-12-31 | NT$35.60 | NT$19.15 | x |
| 2020-12-31 | NT$37.43 | NT$19.15 | x |
| 2021-12-31 | NT$40.00 | NT$19.15 | x |
| 2022-12-31 | NT$36.96 | NT$19.15 | x |
| 2023-12-31 | NT$38.83 | NT$19.15 | x |
| 2024-12-31 | NT$38.89 | NT$19.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GSD Technologies Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.82%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.42x
- Recent ROE (3.47%) is below the historical average (12.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 3.92% | 2.20% | 1.04x | 1.71x | NT$-39.98 Million |
| 2016 | 11.55% | 5.85% | 1.18x | 1.67x | NT$10.15 Million |
| 2017 | 19.00% | 8.90% | 1.16x | 1.83x | NT$68.42 Million |
| 2018 | 18.23% | 11.44% | 1.09x | 1.46x | NT$96.47 Million |
| 2019 | 18.79% | 11.59% | 1.07x | 1.52x | NT$108.04 Million |
| 2020 | 17.14% | 11.88% | 0.92x | 1.57x | NT$91.38 Million |
| 2021 | 14.55% | 11.00% | 0.78x | 1.70x | NT$67.42 Million |
| 2022 | 11.96% | 9.91% | 0.73x | 1.65x | NT$29.94 Million |
| 2023 | 3.30% | 2.64% | 0.75x | 1.66x | NT$-95.07 Million |
| 2024 | 3.47% | 2.82% | 0.87x | 1.42x | NT$-96.33 Million |
Industry Comparison
This section compares GSD Technologies Co. Ltd's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $986,375,143
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GSD Technologies Co. Ltd (6641) | NT$1.39 Billion | 3.92% | 0.43x | $8.79 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 |
| Desiccant Technology Corporation (5292) | $926.89 Million | 26.11% | 1.46x | $120.51 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 |