China Television Co (9928) - Net Assets
Based on the latest financial reports, China Television Co (9928) has net assets worth NT$2.15 Billion TWD (≈ $67.61 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.26 Billion ≈ $165.63 Million USD) and total liabilities (NT$3.11 Billion ≈ $98.02 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 asset resilience ratio of China Television Co to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.15 Billion |
| % of Total Assets | 40.82% |
| Annual Growth Rate | -2.65% |
| 5-Year Change | 421.11% |
| 10-Year Change | 213.08% |
| Growth Volatility | 91.54 |
China Television Co - Net Assets Trend (2003–2024)
This chart illustrates how China Television Co's net assets have evolved over time, based on quarterly financial data. Also explore China Television Co balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for China Television Co (2003–2024)
The table below shows the annual net assets of China Television Co from 2003 to 2024. For live valuation and market cap data, see 9928 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.24 Billion ≈ $70.49 Million |
+410.98% |
| 2023-12-31 | NT$437.86 Million ≈ $13.80 Million |
+5.53% |
| 2022-12-31 | NT$414.93 Million ≈ $13.07 Million |
-4.49% |
| 2021-12-31 | NT$434.42 Million ≈ $13.69 Million |
+1.18% |
| 2020-12-31 | NT$429.35 Million ≈ $13.53 Million |
-3.39% |
| 2019-12-31 | NT$444.41 Million ≈ $14.00 Million |
-22.51% |
| 2018-12-31 | NT$573.52 Million ≈ $18.07 Million |
-17.61% |
| 2017-12-31 | NT$696.08 Million ≈ $21.93 Million |
+56.58% |
| 2016-12-31 | NT$444.55 Million ≈ $14.01 Million |
-37.79% |
| 2015-12-31 | NT$714.64 Million ≈ $22.52 Million |
-29.35% |
| 2014-12-31 | NT$1.01 Billion ≈ $31.87 Million |
-18.81% |
| 2013-12-31 | NT$1.25 Billion ≈ $39.25 Million |
-12.80% |
| 2012-12-31 | NT$1.43 Billion ≈ $45.02 Million |
-6.37% |
| 2011-12-31 | NT$1.53 Billion ≈ $48.08 Million |
-6.46% |
| 2010-12-31 | NT$1.63 Billion ≈ $51.40 Million |
+7.14% |
| 2009-12-31 | NT$1.52 Billion ≈ $47.97 Million |
-1.74% |
| 2008-12-31 | NT$1.55 Billion ≈ $48.82 Million |
-39.08% |
| 2007-12-31 | NT$2.54 Billion ≈ $80.14 Million |
-7.81% |
| 2006-12-31 | NT$2.76 Billion ≈ $86.93 Million |
+16.77% |
| 2005-12-31 | NT$2.36 Billion ≈ $74.45 Million |
-18.67% |
| 2004-12-31 | NT$2.91 Billion ≈ $91.54 Million |
-26.15% |
| 2003-12-31 | NT$3.93 Billion ≈ $123.96 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to China Television Co'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 113388700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.13 Billion | 50.68% |
| Common Stock | NT$707.25 Million | 31.61% |
| Other Comprehensive Income | NT$328.36 Million | 14.68% |
| Other Components | NT$67.86 Million | 3.03% |
| Total Equity | NT$2.24 Billion | 100.00% |
China Television Co Competitors by Market Cap
The table below lists competitors of China Television Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yotta Acquisition Corporation Common Stock
NASDAQ:YOTA
|
$39.11 Million |
|
Logistea A
ST:LOGI-A
|
$39.11 Million |
|
Lindeman Asia Investment Co. Ltd
KQ:277070
|
$39.16 Million |
|
Transworld Shipping Lines Limited
NSE:TRANSWORLD
|
$39.16 Million |
|
Rave Restaurant Group Inc
NASDAQ:RAVE
|
$39.08 Million |
|
Ginni Filaments Limited
NSE:GINNIFILA
|
$39.08 Million |
|
TAEYANG Corporation
KQ:053620
|
$39.06 Million |
|
Bestec Power Electronics Co Ltd
TW:3308
|
$39.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Television Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 437,834,000 to 2,237,344,000, a change of 1,799,510,000 (411.0%).
- Net loss of 35,217,000 reduced equity.
- New share issuances of 150,000,000 increased equity.
- Other comprehensive income increased equity by 337,538,000.
- Other factors increased equity by 1,347,189,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-35.22 Million | -1.57% |
| Share Issuances | NT$150.00 Million | +6.7% |
| Other Comprehensive Income | NT$337.54 Million | +15.09% |
| Other Changes | NT$1.35 Billion | +60.21% |
| Total Change | NT$- | 411.00% |
Book Value vs Market Value Analysis
This analysis compares China Television Co'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 increased from 0.38x to 0.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$46.52 | NT$17.55 | x |
| 2010-12-31 | NT$50.03 | NT$17.55 | x |
| 2011-12-31 | NT$47.39 | NT$17.55 | x |
| 2012-12-31 | NT$44.35 | NT$17.55 | x |
| 2013-12-31 | NT$38.67 | NT$17.55 | x |
| 2014-12-31 | NT$31.40 | NT$17.55 | x |
| 2015-12-31 | NT$22.18 | NT$17.55 | x |
| 2016-12-31 | NT$15.60 | NT$17.55 | x |
| 2017-12-31 | NT$13.74 | NT$17.55 | x |
| 2018-12-31 | NT$9.44 | NT$17.55 | x |
| 2019-12-31 | NT$7.32 | NT$17.55 | x |
| 2020-12-31 | NT$7.07 | NT$17.55 | x |
| 2021-12-31 | NT$7.15 | NT$17.55 | x |
| 2022-12-31 | NT$6.83 | NT$17.55 | x |
| 2023-12-31 | NT$6.99 | NT$17.55 | x |
| 2024-12-31 | NT$36.14 | NT$17.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Television Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.91%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.40x
- Recent ROE (-1.57%) is above the historical average (-16.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -2.32% | -2.07% | 0.30x | 3.76x | NT$-184.37 Million |
| 2010 | 8.10% | 8.12% | 0.30x | 3.30x | NT$-30.52 Million |
| 2011 | -3.70% | -3.63% | 0.31x | 3.32x | NT$-208.99 Million |
| 2012 | -6.97% | -6.75% | 0.31x | 3.34x | NT$-242.50 Million |
| 2013 | -13.01% | -12.84% | 0.27x | 3.75x | NT$-286.68 Million |
| 2014 | -23.16% | -23.30% | 0.22x | 4.56x | NT$-335.36 Million |
| 2015 | -41.54% | -31.15% | 0.22x | 6.16x | NT$-368.27 Million |
| 2016 | -62.49% | -35.49% | 0.19x | 9.42x | NT$-322.24 Million |
| 2017 | -37.16% | -35.17% | 0.19x | 5.54x | NT$-328.28 Million |
| 2018 | -33.31% | -25.03% | 0.20x | 6.56x | NT$-248.35 Million |
| 2019 | -31.89% | -19.34% | 0.20x | 8.33x | NT$-186.14 Million |
| 2020 | -12.75% | -7.14% | 0.21x | 8.47x | NT$-97.66 Million |
| 2021 | -6.44% | -3.43% | 0.22x | 8.43x | NT$-71.40 Million |
| 2022 | 1.65% | 0.78% | 0.24x | 8.70x | NT$-34.66 Million |
| 2023 | -1.95% | -0.86% | 0.27x | 8.30x | NT$-52.31 Million |
| 2024 | -1.57% | -3.91% | 0.17x | 2.40x | NT$-258.95 Million |
Industry Comparison
This section compares China Television Co's net assets metrics with peer companies in the Broadcasting industry.
No peer company data available for comparison.
About China Television Co
China Television Company, Ltd. produces, broadcasts, and distributes television programs in Taiwan. It is also involved in production and rebroadcasting; and supplying of television advertisements and international TV programs, etc. The company was founded in 1957 and is based in Taipei, Taiwan.