Sports Gear Co. Ltd
Sports Gear Co., Ltd. manufactures and sells OEM footwear products in the United States, Europe, Asia, China, Taiwan, and internationally. It offers sport, casual, custom-made, soccer, and American football, jogging, hiking, and leisure shoes. The company also engages in the international investment activities; real estate development, rental, and sales; and manufacturing, processing, and trading… Read more
Sports Gear Co. Ltd (6768) - Net Assets
Latest net assets as of September 2025: NT$14.31 Billion TWD
Based on the latest financial reports, Sports Gear Co. Ltd (6768) has net assets worth NT$14.31 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$20.68 Billion) and total liabilities (NT$6.36 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$14.31 Billion |
| % of Total Assets | 69.23% |
| Annual Growth Rate | 6.99% |
| 5-Year Change | 41.32% |
| 10-Year Change | N/A |
| Growth Volatility | 8.26 |
Sports Gear Co. Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Sports Gear 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 Sports Gear Co. Ltd (2017–2024)
The table below shows the annual net assets of Sports Gear Co. Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$15.24 Billion | +12.11% |
| 2023-12-31 | NT$13.59 Billion | -3.88% |
| 2022-12-31 | NT$14.14 Billion | +17.28% |
| 2021-12-31 | NT$12.06 Billion | +11.82% |
| 2020-12-31 | NT$10.78 Billion | -3.33% |
| 2019-12-31 | NT$11.15 Billion | +1.78% |
| 2018-12-31 | NT$10.96 Billion | +15.43% |
| 2017-12-31 | NT$9.49 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sports Gear 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 3920.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.02 Billion | 26.36% |
| Common Stock | NT$1.96 Billion | 12.87% |
| Other Components | NT$9.26 Billion | 60.77% |
| Total Equity | NT$15.24 Billion | 100.00% |
Sports Gear Co. Ltd Competitors by Market Cap
The table below lists competitors of Sports Gear Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Van de Velde NV
PINK:VDEVF
|
$174.23 Million |
|
VNV Global AB (publ)
PINK:VSTKF
|
$174.23 Million |
|
Astra Agro Lestari Tbk
JK:AALI
|
$174.24 Million |
|
Pepper Money Ltd
AU:PPM
|
$174.26 Million |
|
Kingsway Financial Services Inc
NYSE:KFS
|
$174.17 Million |
|
Quanterix Corp
NASDAQ:QTRX
|
$174.17 Million |
|
Changchun Yidong Clutch Co Ltd
SHG:600148
|
$174.11 Million |
|
RANA GRUBER ASA NK -25
F:7XH
|
$174.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sports Gear Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,590,183,000 to 15,237,141,000, a change of 1,646,958,000 (12.1%).
- Net income of 1,598,113,000 contributed positively to equity growth.
- Dividend payments of 744,973,000 reduced retained earnings.
- Other comprehensive income decreased equity by 457,144,000.
- Other factors increased equity by 1,250,962,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.60 Billion | +10.49% |
| Dividends Paid | NT$744.97 Million | -4.89% |
| Other Comprehensive Income | NT$-457.14 Million | -3.0% |
| Other Changes | NT$1.25 Billion | +8.21% |
| Total Change | NT$- | 12.12% |
Book Value vs Market Value Analysis
This analysis compares Sports Gear 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: 1.28x
- 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 1.91x to 1.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$51.49 | NT$98.60 | x |
| 2018-12-31 | NT$62.88 | NT$98.60 | x |
| 2019-12-31 | NT$64.00 | NT$98.60 | x |
| 2020-12-31 | NT$61.87 | NT$98.60 | x |
| 2021-12-31 | NT$63.49 | NT$98.60 | x |
| 2022-12-31 | NT$71.75 | NT$98.60 | x |
| 2023-12-31 | NT$69.17 | NT$98.60 | x |
| 2024-12-31 | NT$76.90 | NT$98.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sports Gear 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): 10.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.66%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.55x
- Recent ROE (10.49%) is above the historical average (10.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 24.01% | 14.23% | 1.19x | 1.41x | NT$1.33 Billion |
| 2018 | 12.86% | 8.14% | 1.09x | 1.45x | NT$313.39 Million |
| 2019 | 9.40% | 6.09% | 0.96x | 1.60x | NT$-66.70 Million |
| 2020 | 3.79% | 3.03% | 0.83x | 1.51x | NT$-669.09 Million |
| 2021 | 5.37% | 5.25% | 0.75x | 1.37x | NT$-558.33 Million |
| 2022 | 12.78% | 9.76% | 0.92x | 1.42x | NT$393.44 Million |
| 2023 | 4.01% | 3.84% | 0.71x | 1.47x | NT$-814.03 Million |
| 2024 | 10.49% | 8.66% | 0.78x | 1.55x | NT$74.40 Million |
Industry Comparison
This section compares Sports Gear Co. Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $22,256,416,778
- Average return on equity (ROE) among peers: 2.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sports Gear Co. Ltd (6768) | NT$14.31 Billion | 24.01% | 0.44x | $174.21 Million |
| Victory New Materials Ltd Co (1340) | $1.81 Billion | 28.98% | 0.17x | $23.81 Million |
| Hsinli Chemical Industrial (4303) | $947.35 Million | 14.44% | 0.33x | $147.63 Million |
| Lai Yih Footwear Co., Ltd. (6890) | $17.01 Billion | 12.14% | 0.37x | $629.39 Million |
| Paiho Shih Holdings Corp (8404) | $3.85 Billion | 6.03% | 0.35x | $92.78 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $14.10 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $6.24 Billion | 12.86% | 0.51x | $475.45 Million |
| Pou Chen Corp (9904) | $158.38 Billion | 8.16% | 0.91x | $1.98 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $10.17 Billion | 9.14% | 0.32x | $1.01 Billion |
| Eminent Luggage Corporation (9950) | $323.66 Million | -69.06% | 12.44x | $16.23 Million |