Choice Development Inc
Choice Development, Inc., doing business as Choice Printing Group, operates as a publication printer in Taiwan. It operates through the Printing, Advertising, Innovation, and Development segments. The company engages in printing; paper folding and binding; photography; design; retail sale of medical equipment; general advertising services; and industrial factory development and rental. It also pr… Read more
Choice Development Inc (9929) - Net Assets
Latest net assets as of September 2025: NT$792.90 Million TWD
Based on the latest financial reports, Choice Development Inc (9929) has net assets worth NT$792.90 Million 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$1.79 Billion) and total liabilities (NT$998.37 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$792.90 Million |
| % of Total Assets | 44.26% |
| Annual Growth Rate | -3.04% |
| 5-Year Change | -26.6% |
| 10-Year Change | -16.91% |
| Growth Volatility | 23.06 |
Choice Development Inc - Net Assets Trend (2002–2024)
This chart illustrates how Choice Development Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Choice Development Inc (2002–2024)
The table below shows the annual net assets of Choice Development Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$847.35 Million | +0.12% |
| 2023-12-31 | NT$846.30 Million | -8.54% |
| 2022-12-31 | NT$925.34 Million | -14.32% |
| 2021-12-31 | NT$1.08 Billion | -6.45% |
| 2020-12-31 | NT$1.15 Billion | +22.85% |
| 2019-12-31 | NT$939.72 Million | -21.42% |
| 2018-12-31 | NT$1.20 Billion | +9.52% |
| 2017-12-31 | NT$1.09 Billion | -1.91% |
| 2016-12-31 | NT$1.11 Billion | +9.15% |
| 2015-12-31 | NT$1.02 Billion | +84.00% |
| 2014-12-31 | NT$554.23 Million | -25.17% |
| 2013-12-31 | NT$740.65 Million | -31.72% |
| 2012-12-31 | NT$1.08 Billion | -9.71% |
| 2011-12-31 | NT$1.20 Billion | -2.39% |
| 2010-12-31 | NT$1.23 Billion | -8.89% |
| 2009-12-31 | NT$1.35 Billion | -15.20% |
| 2008-12-31 | NT$1.59 Billion | -3.13% |
| 2007-12-31 | NT$1.64 Billion | +17.40% |
| 2006-12-31 | NT$1.40 Billion | -1.04% |
| 2005-12-31 | NT$1.42 Billion | +17.48% |
| 2004-12-31 | NT$1.20 Billion | -20.72% |
| 2003-12-31 | NT$1.52 Billion | -9.02% |
| 2002-12-31 | NT$1.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Choice Development Inc'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 decreased by 490.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$943.31 Million | 114.33% |
| Total Equity | NT$825.08 Million | 100.00% |
Choice Development Inc Competitors by Market Cap
The table below lists competitors of Choice Development Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Barrister Energy LLC
PINK:CJAX
|
$10.78 Million |
|
TVI Pacific Inc
PINK:TVIPF
|
$10.78 Million |
|
Prince Pharmaceutical Co., Ltd.
TWO:6935
|
$10.78 Million |
|
TWL Holdings Bhd
KLSE:7079
|
$10.79 Million |
|
Inswave Systems Co., Ltd.
KQ:450520
|
$10.77 Million |
|
Cell Source Inc
OTCQB:CLCS
|
$10.77 Million |
|
EURO MANGANESE CDI/1
F:E06A
|
$10.77 Million |
|
Hammer Metals Limited
F:6HM
|
$10.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Choice Development Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 813,449,000 to 825,075,000, a change of 11,626,000 (1.4%).
- Net loss of 13,859,000 reduced equity.
- Other comprehensive income increased equity by 94,766,000.
- Other factors decreased equity by 69,281,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-13.86 Million | -1.68% |
| Other Comprehensive Income | NT$94.77 Million | +11.49% |
| Other Changes | NT$-69.28 Million | -8.4% |
| Total Change | NT$- | 1.43% |
Book Value vs Market Value Analysis
This analysis compares Choice Development Inc'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: 1.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.56x to 1.39x 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$20.28 | NT$11.35 | x |
| 2010-12-31 | NT$18.54 | NT$11.35 | x |
| 2011-12-31 | NT$18.06 | NT$11.35 | x |
| 2012-12-31 | NT$16.48 | NT$11.35 | x |
| 2013-12-31 | NT$12.95 | NT$11.35 | x |
| 2014-12-31 | NT$10.10 | NT$11.35 | x |
| 2015-12-31 | NT$13.81 | NT$11.35 | x |
| 2016-12-31 | NT$10.99 | NT$11.35 | x |
| 2017-12-31 | NT$10.78 | NT$11.35 | x |
| 2018-12-31 | NT$10.84 | NT$11.35 | x |
| 2019-12-31 | NT$9.09 | NT$11.35 | x |
| 2020-12-31 | NT$8.67 | NT$11.35 | x |
| 2021-12-31 | NT$9.83 | NT$11.35 | x |
| 2022-12-31 | NT$8.56 | NT$11.35 | x |
| 2023-12-31 | NT$8.03 | NT$11.35 | x |
| 2024-12-31 | NT$8.15 | NT$11.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Choice Development Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.12%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.42x
- Recent ROE (-1.68%) is above the historical average (-3.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 5.08% | 2.96% | 0.61x | 2.83x | NT$-67.99 Million |
| 2009 | 0.09% | 0.06% | 0.63x | 2.53x | NT$-115.50 Million |
| 2010 | -6.83% | -4.03% | 0.65x | 2.63x | NT$-179.37 Million |
| 2011 | -6.97% | -4.03% | 0.65x | 2.67x | NT$-176.16 Million |
| 2012 | -7.30% | -4.26% | 0.67x | 2.56x | NT$-163.88 Million |
| 2013 | -17.92% | -9.97% | 0.60x | 2.98x | NT$-207.86 Million |
| 2014 | -23.71% | -11.02% | 0.65x | 3.31x | NT$-195.65 Million |
| 2015 | -29.99% | -27.59% | 0.56x | 1.96x | NT$-419.05 Million |
| 2016 | 12.12% | 19.49% | 0.49x | 1.27x | NT$23.65 Million |
| 2017 | 0.31% | 0.46% | 0.54x | 1.25x | NT$-105.78 Million |
| 2018 | 4.90% | 6.79% | 0.36x | 2.00x | NT$-56.01 Million |
| 2019 | -39.81% | -30.89% | 0.30x | 4.23x | NT$-458.59 Million |
| 2020 | 79.91% | 113.66% | 0.34x | 2.05x | NT$745.78 Million |
| 2021 | 0.12% | 0.20% | 0.29x | 2.02x | NT$-98.39 Million |
| 2022 | -12.54% | -18.00% | 0.43x | 1.63x | NT$-195.43 Million |
| 2023 | -12.98% | -15.06% | 0.32x | 2.69x | NT$-186.95 Million |
| 2024 | -1.68% | -2.12% | 0.33x | 2.42x | NT$-96.37 Million |
Industry Comparison
This section compares Choice Development Inc's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $2,134,675,500
- Average return on equity (ROE) among peers: 16.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Choice Development Inc (9929) | NT$792.90 Million | 5.08% | 1.26x | $10.77 Million |
| Farglory FTZ Investment Holding Co Ltd (5607) | $3.06 Billion | 0.32% | 1.09x | $231.53 Million |
| Sporton International (6146) | $4.07 Billion | 18.22% | 0.31x | $421.54 Million |
| Trade-Van Information Services Co (6183) | $1.87 Billion | 9.08% | 0.20x | $149.27 Million |
| ChainSea Information Integration Co.,Ltd. (6898) | $400.56 Million | 33.53% | 0.61x | $52.19 Million |
| Dong Fang Offshore Co., Ltd. (7786) | $5.17 Billion | 23.75% | 0.53x | $274.56 Million |
| Bai Sha Technology Co Ltd (8401) | $1.13 Billion | 15.15% | 0.37x | $36.67 Million |
| Transart Graphics Co Ltd (8481) | $1.00 Billion | 30.15% | 0.30x | $33.02 Million |
| Forward Graphic Enterprise Co Ltd (8906) | $363.96 Million | 0.68% | 1.98x | $25.75 Million |