Sports Gear Co. Ltd (6768) - Net Assets
Based on the latest financial reports, Sports Gear Co. Ltd (6768) has net assets worth NT$15.53 Billion TWD (≈ $489.28 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$24.11 Billion ≈ $759.68 Million USD) and total liabilities (NT$8.58 Billion ≈ $270.40 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. Also explore Sports Gear Co. Ltd total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$15.53 Billion |
| % of Total Assets | 64.41% |
| Annual Growth Rate | 5.91% |
| 5-Year Change | 24.67% |
| 10-Year Change | N/A |
| Growth Volatility | 8.24 |
Sports Gear Co. Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Sports Gear Co. Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Sports Gear Co. Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Sports Gear Co. Ltd (2017–2025)
The table below shows the annual net assets of Sports Gear Co. Ltd from 2017 to 2025. For live valuation and market cap data, see Sports Gear Co. Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$15.03 Billion ≈ $473.53 Million |
-1.36% |
| 2024-12-31 | NT$15.24 Billion ≈ $480.05 Million |
+12.11% |
| 2023-12-31 | NT$13.59 Billion ≈ $428.18 Million |
-3.88% |
| 2022-12-31 | NT$14.14 Billion ≈ $445.49 Million |
+17.28% |
| 2021-12-31 | NT$12.06 Billion ≈ $379.84 Million |
+11.82% |
| 2020-12-31 | NT$10.78 Billion ≈ $339.69 Million |
-3.33% |
| 2019-12-31 | NT$11.15 Billion ≈ $351.38 Million |
+1.78% |
| 2018-12-31 | NT$10.96 Billion ≈ $345.25 Million |
+15.43% |
| 2017-12-31 | NT$9.49 Billion ≈ $299.10 Million |
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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 3877.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.97 Billion | 26.44% |
| Common Stock | NT$2.00 Billion | 13.31% |
| Other Comprehensive Income | NT$9.06 Billion | 60.25% |
| Other Components | NT$2.00 | 0.00% |
| Total Equity | NT$15.03 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 |
|---|---|
|
Haypp Grp Ab
ST:HAYPP
|
$435.01 Million |
|
Zhengzhou Coal Mining Machinery Group Company Limited
F:ZGC
|
$435.08 Million |
|
AdvanSix Inc
NYSE:ASIX
|
$435.20 Million |
|
Shenzhen Keanda Electronic Techno
SHE:002972
|
$435.23 Million |
|
Hankook Shell Oil
KO:002960
|
$434.77 Million |
|
Ovzon AB
ST:OVZON
|
$434.73 Million |
|
Universal Logistics Holdings Inc
NASDAQ:ULH
|
$434.71 Million |
|
Anhui Zhongyuan New Materials Co Ltd
SHG:603527
|
$434.61 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 2024 to 2025, total equity changed from 15,237,141,000 to 15,030,004,999, a change of -207,136,001 (-1.4%).
- Net income of 1,352,113,999 contributed positively to equity growth.
- Dividend payments of 1,235,679,999 reduced retained earnings.
- Other comprehensive income increased equity by 9,055,454,999.
- Other factors decreased equity by 9,379,025,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.35 Billion | +9.0% |
| Dividends Paid | NT$1.24 Billion | -8.22% |
| Other Comprehensive Income | NT$9.06 Billion | +60.25% |
| Other Changes | NT$-9.38 Billion | -62.4% |
| Total Change | NT$- | -1.36% |
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: 0.95x
- 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 1.34x to 0.95x 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$69.00 | x |
| 2018-12-31 | NT$62.88 | NT$69.00 | x |
| 2019-12-31 | NT$64.00 | NT$69.00 | x |
| 2020-12-31 | NT$61.87 | NT$69.00 | x |
| 2021-12-31 | NT$63.49 | NT$69.00 | x |
| 2022-12-31 | NT$71.75 | NT$69.00 | x |
| 2023-12-31 | NT$69.17 | NT$69.00 | x |
| 2024-12-31 | NT$76.90 | NT$69.00 | x |
| 2025-12-31 | NT$72.77 | NT$69.00 | 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): 9.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.64%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.46x
- Recent ROE (9.00%) is below the historical average (10.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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$74.40 Million |
| 2025 | 9.00% | 6.64% | 0.93x | 1.46x | NT$-150.89 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: $28,644,380,857
- Average return on equity (ROE) among peers: 9.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sports Gear Co. Ltd (6768) | NT$15.53 Billion | 24.01% | 0.55x | $434.98 Million |
| Victory New Materials Ltd Co (1340) | $4.99 Billion | -10.27% | 0.03x | $24.28 Million |
| Hsinli Chemical Industrial (4303) | $947.35 Million | 14.44% | 0.33x | $125.48 Million |
| Paiho Shih Holdings Corp (8404) | $5.13 Billion | 8.56% | 1.18x | $220.28 Million |
| Shui-Mu International Co Ltd (8443) | $1.71 Billion | 5.41% | 0.52x | $24.20 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $13.89 Billion | 8.71% | 0.56x | $455.93 Million |
| Pou Chen Corp (9904) | $158.38 Billion | 8.16% | 0.91x | $2.26 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $15.46 Billion | 28.81% | 1.00x | $2.09 Billion |
About Sports Gear Co. Ltd
Sports Gear Co., Ltd. engages in the production and sale of football boots, running shoes, and outdoor footwear in the Americas, Europe, China, Taiwan, rest of Asia, and internationally. The company was founded in 1992 and is based in Taichung, Taiwan.