Taiwan Sakura Corp
Taiwan Sakura Corporation, together with its subsidiaries, manufactures and sells kitchen appliances in Taiwan, China, Hong Kong, Vietnam, and internationally. It operates through Gas Appliances, Kitchenware, and Other divisions. The company offers gas cookers, water heaters, furniture, building materials, sports equipment, electric hand tools, sanitary equipment, and whole bathroom products. It … Read more
Taiwan Sakura Corp (9911) - Net Assets
Latest net assets as of September 2025: NT$6.50 Billion TWD
Based on the latest financial reports, Taiwan Sakura Corp (9911) has net assets worth NT$6.50 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$10.54 Billion) and total liabilities (NT$4.04 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$6.50 Billion |
| % of Total Assets | 61.7% |
| Annual Growth Rate | 4.32% |
| 5-Year Change | 30.66% |
| 10-Year Change | 54.81% |
| Growth Volatility | 4.22 |
Taiwan Sakura Corp - Net Assets Trend (2002–2024)
This chart illustrates how Taiwan Sakura Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taiwan Sakura Corp (2002–2024)
The table below shows the annual net assets of Taiwan Sakura Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.58 Billion | +9.04% |
| 2023-12-31 | NT$6.04 Billion | +5.51% |
| 2022-12-31 | NT$5.72 Billion | +5.15% |
| 2021-12-31 | NT$5.44 Billion | +8.00% |
| 2020-12-31 | NT$5.04 Billion | +7.47% |
| 2019-12-31 | NT$4.69 Billion | +7.23% |
| 2018-12-31 | NT$4.37 Billion | +5.17% |
| 2017-12-31 | NT$4.16 Billion | +4.68% |
| 2016-12-31 | NT$3.97 Billion | -6.61% |
| 2015-12-31 | NT$4.25 Billion | +2.11% |
| 2014-12-31 | NT$4.16 Billion | +6.55% |
| 2013-12-31 | NT$3.91 Billion | +8.69% |
| 2012-12-31 | NT$3.60 Billion | +0.61% |
| 2011-12-31 | NT$3.57 Billion | +3.30% |
| 2010-12-31 | NT$3.46 Billion | +7.87% |
| 2009-12-31 | NT$3.21 Billion | +4.69% |
| 2008-12-31 | NT$3.06 Billion | +8.02% |
| 2007-12-31 | NT$2.84 Billion | +9.93% |
| 2006-12-31 | NT$2.58 Billion | -4.08% |
| 2005-12-31 | NT$2.69 Billion | +1.26% |
| 2004-12-31 | NT$2.66 Billion | +3.88% |
| 2003-12-31 | NT$2.56 Billion | -1.52% |
| 2002-12-31 | NT$2.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Sakura Corp'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 293006900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.93 Billion | 44.80% |
| Common Stock | NT$2.21 Billion | 33.81% |
| Other Comprehensive Income | NT$1.28 Billion | 19.55% |
| Other Components | NT$119.91 Million | 1.83% |
| Total Equity | NT$6.54 Billion | 100.00% |
Taiwan Sakura Corp Competitors by Market Cap
The table below lists competitors of Taiwan Sakura Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Phat Dat Real Estate Development Corp
VN:PDR
|
$372.71 Million |
|
Jiangxi Yuean Advanced Materials Co Ltd
SHG:688786
|
$372.75 Million |
|
Zhonglu Co Ltd A
SHG:600818
|
$372.86 Million |
|
TOTAL ENERGY SERVS INC.
F:5O7
|
$372.90 Million |
|
Zhejiang China Light & Textile Industrial City Group Co Ltd
SHG:600790
|
$372.59 Million |
|
Bridge Investment Group Holdings Inc
NYSE:BRDG
|
$372.55 Million |
|
Optimum Communications, Inc.
NYSE:OPTU
|
$372.49 Million |
|
BHG Group AB (publ)
ST:BHG
|
$372.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Sakura Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,985,672,000 to 6,539,954,000, a change of 554,282,000 (9.3%).
- Net income of 1,300,674,000 contributed positively to equity growth.
- Dividend payments of 848,976,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,255,323,999.
- Other factors decreased equity by 1,152,739,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.30 Billion | +19.89% |
| Dividends Paid | NT$848.98 Million | -12.98% |
| Other Comprehensive Income | NT$1.26 Billion | +19.19% |
| Other Changes | NT$-1.15 Billion | -17.63% |
| Total Change | NT$- | 9.26% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Sakura Corp'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: 3.10x
- 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 7.47x to 3.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$12.36 | NT$92.30 | x |
| 2007-12-31 | NT$13.50 | NT$92.30 | x |
| 2008-12-31 | NT$14.28 | NT$92.30 | x |
| 2009-12-31 | NT$14.66 | NT$92.30 | x |
| 2010-12-31 | NT$15.77 | NT$92.30 | x |
| 2011-12-31 | NT$16.28 | NT$92.30 | x |
| 2012-12-31 | NT$16.39 | NT$92.30 | x |
| 2013-12-31 | NT$17.80 | NT$92.30 | x |
| 2014-12-31 | NT$18.96 | NT$92.30 | x |
| 2015-12-31 | NT$15.49 | NT$92.30 | x |
| 2016-12-31 | NT$15.55 | NT$92.30 | x |
| 2017-12-31 | NT$18.94 | NT$92.30 | x |
| 2018-12-31 | NT$19.90 | NT$92.30 | x |
| 2019-12-31 | NT$21.36 | NT$92.30 | x |
| 2020-12-31 | NT$22.96 | NT$92.30 | x |
| 2021-12-31 | NT$24.53 | NT$92.30 | x |
| 2022-12-31 | NT$25.80 | NT$92.30 | x |
| 2023-12-31 | NT$27.25 | NT$92.30 | x |
| 2024-12-31 | NT$29.79 | NT$92.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Sakura Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.55%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.63x
- Recent ROE (19.89%) is above the historical average (12.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 8.09% | 3.65% | 0.99x | 2.24x | NT$-48.86 Million |
| 2005 | 3.34% | 1.65% | 1.10x | 1.83x | NT$-173.96 Million |
| 2006 | -3.96% | -3.08% | 0.71x | 1.83x | NT$-348.76 Million |
| 2007 | 7.59% | 5.69% | 0.75x | 1.77x | NT$-66.08 Million |
| 2008 | 3.55% | 2.67% | 0.79x | 1.69x | NT$-190.84 Million |
| 2009 | 8.59% | 7.41% | 0.70x | 1.65x | NT$-45.17 Million |
| 2010 | 11.80% | 11.71% | 0.67x | 1.51x | NT$62.12 Million |
| 2011 | 8.91% | 8.44% | 0.71x | 1.48x | NT$-38.94 Million |
| 2012 | 7.66% | 6.77% | 0.76x | 1.48x | NT$-83.99 Million |
| 2013 | 12.22% | 10.65% | 0.77x | 1.50x | NT$86.86 Million |
| 2014 | 12.94% | 11.11% | 0.80x | 1.46x | NT$122.42 Million |
| 2015 | 12.15% | 10.04% | 0.83x | 1.45x | NT$91.59 Million |
| 2016 | 17.65% | 12.52% | 0.98x | 1.44x | NT$303.85 Million |
| 2017 | 17.32% | 12.76% | 0.93x | 1.45x | NT$304.46 Million |
| 2018 | 18.29% | 13.36% | 0.94x | 1.45x | NT$362.42 Million |
| 2019 | 18.96% | 14.11% | 0.92x | 1.46x | NT$419.86 Million |
| 2020 | 17.71% | 13.47% | 0.88x | 1.49x | NT$388.68 Million |
| 2021 | 18.78% | 13.35% | 0.91x | 1.54x | NT$472.33 Million |
| 2022 | 17.98% | 12.41% | 0.95x | 1.53x | NT$452.22 Million |
| 2023 | 17.91% | 12.96% | 0.87x | 1.59x | NT$473.64 Million |
| 2024 | 19.89% | 13.55% | 0.90x | 1.63x | NT$646.68 Million |
Industry Comparison
This section compares Taiwan Sakura Corp's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,453,089,600
- Average return on equity (ROE) among peers: 10.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Sakura Corp (9911) | NT$6.50 Billion | 8.09% | 0.62x | $372.65 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $8.23 Billion | 5.97% | 0.53x | $159.60 Million |
| Sampo Corp (1604) | $7.48 Billion | 1.91% | 0.73x | $194.91 Million |
| China Electric Manufacturing Corp (1611) | $4.56 Billion | 1.75% | 0.29x | $96.73 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.17 Billion | 4.11% | 0.26x | $126.91 Million |
| Airmate Cayman International Co Ltd (1626) | $2.22 Billion | 22.35% | 2.06x | $26.74 Million |
| Hocheng Corp (1810) | $6.31 Billion | 3.21% | 0.80x | $119.59 Million |
| King Slide Works Co Ltd (2059) | $28.04 Billion | 35.08% | 0.25x | $5.64 Billion |
| Fortune Oriental Co Ltd (2491) | $724.35 Million | 5.40% | 1.92x | $24.92 Million |
| Bedding World Co., Ltd. (2938) | $492.43 Million | 17.07% | 2.01x | $3.06 Million |
| Ado Optronics (3516) | $1.30 Billion | 3.37% | 0.48x | $15.82 Million |