Yulon Finance Corp (9941) - Net Assets
Based on the latest financial reports, Yulon Finance Corp (9941) has net assets worth NT$42.21 Billion TWD (≈ $1.33 Billion 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$286.72 Billion ≈ $9.03 Billion USD) and total liabilities (NT$244.51 Billion ≈ $7.70 Billion 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 Yulon Finance Corp PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$42.21 Billion |
| % of Total Assets | 14.72% |
| Annual Growth Rate | 11.3% |
| 5-Year Change | 60.29% |
| 10-Year Change | 244.06% |
| Growth Volatility | 11.52 |
Yulon Finance Corp - Net Assets Trend (2003–2025)
This chart illustrates how Yulon Finance Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Yulon Finance Corp stock valuation.
Annual Net Assets for Yulon Finance Corp (2003–2025)
The table below shows the annual net assets of Yulon Finance Corp from 2003 to 2025. Also explore Yulon Finance Corp net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$40.92 Billion ≈ $1.29 Billion |
+4.37% |
| 2024-12-31 | NT$39.21 Billion ≈ $1.24 Billion |
-0.59% |
| 2023-12-31 | NT$39.44 Billion ≈ $1.24 Billion |
+9.77% |
| 2022-12-31 | NT$35.93 Billion ≈ $1.13 Billion |
+40.74% |
| 2021-12-31 | NT$25.53 Billion ≈ $804.33 Million |
+15.58% |
| 2020-12-31 | NT$22.09 Billion ≈ $695.90 Million |
+6.83% |
| 2019-12-31 | NT$20.68 Billion ≈ $651.43 Million |
+3.84% |
| 2018-12-31 | NT$19.91 Billion ≈ $627.33 Million |
+42.16% |
| 2017-12-31 | NT$14.01 Billion ≈ $441.28 Million |
+17.77% |
| 2016-12-31 | NT$11.89 Billion ≈ $374.71 Million |
+4.03% |
| 2015-12-31 | NT$11.43 Billion ≈ $360.19 Million |
+18.44% |
| 2014-12-31 | NT$9.65 Billion ≈ $304.10 Million |
+14.60% |
| 2013-12-31 | NT$8.42 Billion ≈ $265.37 Million |
+23.62% |
| 2012-12-31 | NT$6.81 Billion ≈ $214.67 Million |
+14.79% |
| 2011-12-31 | NT$5.94 Billion ≈ $187.01 Million |
+7.65% |
| 2010-12-31 | NT$5.51 Billion ≈ $173.71 Million |
+12.59% |
| 2009-12-31 | NT$4.90 Billion ≈ $154.29 Million |
+7.93% |
| 2008-12-31 | NT$4.54 Billion ≈ $142.95 Million |
-2.59% |
| 2007-12-31 | NT$4.66 Billion ≈ $146.76 Million |
+3.64% |
| 2006-12-31 | NT$4.49 Billion ≈ $141.61 Million |
-3.30% |
| 2005-12-31 | NT$4.65 Billion ≈ $146.44 Million |
+10.06% |
| 2004-12-31 | NT$4.22 Billion ≈ $133.05 Million |
+8.79% |
| 2003-12-31 | NT$3.88 Billion ≈ $122.30 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Yulon Finance 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 1454.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$14.55 Billion | 35.92% |
| Common Stock | NT$5.76 Billion | 14.21% |
| Other Comprehensive Income | NT$5.40 Billion | 13.32% |
| Other Components | NT$14.81 Billion | 36.56% |
| Total Equity | NT$40.52 Billion | 100.00% |
Yulon Finance Corp Competitors by Market Cap
The table below lists competitors of Yulon Finance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Savers Value Village, Inc.
NYSE:SVV
|
$1.44 Billion |
|
Jinan Acetate Chemical Co Ltd
TW:4763
|
$1.44 Billion |
|
IReader Technology Co Ltd
SHG:603533
|
$1.44 Billion |
|
RONESANS GAYRIMENKUL YAT.
IS:RGYAS
|
$1.44 Billion |
|
Playa Hotels & Resorts BV
F:PL0
|
$1.44 Billion |
|
BlackRock Capital Allocation Trust
NYSE:BCAT
|
$1.44 Billion |
|
Innovative Industrial Properties Inc
NYSE:IIPR
|
$1.43 Billion |
|
Exail Technologies S.A.
PA:EXA
|
$1.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yulon Finance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 38,664,929,000 to 40,522,983,000, a change of 1,858,054,000 (4.8%).
- Net income of 4,578,748,000 contributed positively to equity growth.
- Dividend payments of 2,635,164,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,422,838,000.
- Other factors decreased equity by 5,508,368,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.58 Billion | +11.3% |
| Dividends Paid | NT$2.64 Billion | -6.5% |
| Other Comprehensive Income | NT$5.42 Billion | +13.38% |
| Other Changes | NT$-5.51 Billion | -13.59% |
| Total Change | NT$- | 4.81% |
Book Value vs Market Value Analysis
This analysis compares Yulon Finance 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: 1.17x
- 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 8.56x to 1.17x 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$9.25 | NT$79.20 | x |
| 2007-12-31 | NT$9.53 | NT$79.20 | x |
| 2008-12-31 | NT$9.66 | NT$79.20 | x |
| 2009-12-31 | NT$10.37 | NT$79.20 | x |
| 2010-12-31 | NT$11.28 | NT$79.20 | x |
| 2011-12-31 | NT$12.16 | NT$79.20 | x |
| 2012-12-31 | NT$13.04 | NT$79.20 | x |
| 2013-12-31 | NT$15.39 | NT$79.20 | x |
| 2014-12-31 | NT$17.60 | NT$79.20 | x |
| 2015-12-31 | NT$18.26 | NT$79.20 | x |
| 2016-12-31 | NT$19.24 | NT$79.20 | x |
| 2017-12-31 | NT$21.05 | NT$79.20 | x |
| 2018-12-31 | NT$32.68 | NT$79.20 | x |
| 2019-12-31 | NT$35.28 | NT$79.20 | x |
| 2020-12-31 | NT$38.67 | NT$79.20 | x |
| 2021-12-31 | NT$45.39 | NT$79.20 | x |
| 2022-12-31 | NT$64.88 | NT$79.20 | x |
| 2023-12-31 | NT$66.36 | NT$79.20 | x |
| 2024-12-31 | NT$65.60 | NT$79.20 | x |
| 2025-12-31 | NT$67.97 | NT$79.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yulon Finance 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): 11.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.58%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 7.02x
- Recent ROE (11.30%) is below the historical average (16.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 16.22% | 24.40% | 0.13x | 4.98x | NT$241.48 Million |
| 2004 | 18.90% | 30.48% | 0.11x | 5.42x | NT$375.65 Million |
| 2005 | 15.30% | 11.02% | 0.19x | 7.41x | NT$222.58 Million |
| 2006 | 9.33% | 7.95% | 0.16x | 7.21x | NT$-26.62 Million |
| 2007 | 11.76% | 10.07% | 0.17x | 6.70x | NT$72.40 Million |
| 2008 | 11.31% | 9.66% | 0.18x | 6.63x | NT$54.89 Million |
| 2009 | 15.93% | 11.61% | 0.21x | 6.55x | NT$266.96 Million |
| 2010 | 21.86% | 15.71% | 0.18x | 7.79x | NT$580.55 Million |
| 2011 | 18.65% | 11.91% | 0.16x | 9.63x | NT$455.46 Million |
| 2012 | 19.10% | 8.96% | 0.22x | 9.88x | NT$554.64 Million |
| 2013 | 17.70% | 10.12% | 0.20x | 8.95x | NT$593.49 Million |
| 2014 | 17.13% | 10.23% | 0.17x | 9.63x | NT$630.23 Million |
| 2015 | 15.51% | 9.29% | 0.16x | 10.74x | NT$506.01 Million |
| 2016 | 17.88% | 10.92% | 0.14x | 11.49x | NT$763.67 Million |
| 2017 | 21.92% | 13.45% | 0.13x | 12.86x | NT$1.26 Billion |
| 2018 | 15.71% | 11.84% | 0.13x | 10.37x | NT$941.09 Million |
| 2019 | 16.85% | 20.21% | 0.07x | 11.40x | NT$1.20 Billion |
| 2020 | 16.30% | 21.87% | 0.07x | 10.52x | NT$1.21 Billion |
| 2021 | 22.79% | 35.08% | 0.06x | 10.27x | NT$2.89 Billion |
| 2022 | 17.49% | 38.61% | 0.05x | 8.25x | NT$2.49 Billion |
| 2023 | 17.25% | 36.78% | 0.06x | 8.24x | NT$2.64 Billion |
| 2024 | 13.20% | 26.36% | 0.07x | 7.51x | NT$1.24 Billion |
| 2025 | 11.30% | 11.58% | 0.14x | 7.02x | NT$526.45 Million |
Industry Comparison
This section compares Yulon Finance Corp's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $96,347,691,000
- Average return on equity (ROE) among peers: 13.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yulon Finance Corp (9941) | NT$42.21 Billion | 16.22% | 5.79x | $1.44 Billion |
| Chailease Holding Co Ltd (5871) | $184.13 Billion | 12.27% | 4.34x | $5.77 Billion |
| Hotai Finance Corp (6592) | $8.56 Billion | 14.01% | 9.38x | $1.13 Billion |
About Yulon Finance Corp
Taiwan Acceptance Corporation provides various financial services in China, Taiwan, and internationally. It offers vehicle and personal financing services, including new and used cars, and auto mortgage loans; motorcycle loan installments; and auto leasing services, as well as installment plans for other products and services. The company also offers corporate financing services, such as installa… Read more