Ching Chan Optical Technology Co Ltd (2070) - Net Assets
Based on the latest financial reports, Ching Chan Optical Technology Co Ltd (2070) has net assets worth NT$905.12 Million TWD (≈ $28.52 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.48 Billion ≈ $46.63 Million USD) and total liabilities (NT$574.88 Million ≈ $18.11 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 2070 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$905.12 Million |
| % of Total Assets | 61.16% |
| Annual Growth Rate | 1.93% |
| 5-Year Change | 16.92% |
| 10-Year Change | N/A |
| Growth Volatility | 9.26 |
Ching Chan Optical Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Ching Chan Optical Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Ching Chan Optical Technology Co Ltd (2070) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Ching Chan Optical Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Ching Chan Optical Technology Co Ltd from 2017 to 2024. For live valuation and market cap data, see Ching Chan Optical Technology Co Ltd (2070) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$926.55 Million ≈ $29.19 Million |
+1.20% |
| 2023-12-31 | NT$915.60 Million ≈ $28.85 Million |
+4.07% |
| 2022-12-31 | NT$879.78 Million ≈ $27.72 Million |
+3.35% |
| 2021-12-31 | NT$851.30 Million ≈ $26.82 Million |
+7.42% |
| 2020-12-31 | NT$792.49 Million ≈ $24.97 Million |
-10.38% |
| 2019-12-31 | NT$884.25 Million ≈ $27.86 Million |
-8.56% |
| 2018-12-31 | NT$967.03 Million ≈ $30.47 Million |
+19.31% |
| 2017-12-31 | NT$810.51 Million ≈ $25.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ching Chan Optical Technology 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 11.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$446.44 Million | 48.18% |
| Other Components | NT$480.11 Million | 51.82% |
| Total Equity | NT$926.55 Million | 100.00% |
Ching Chan Optical Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Ching Chan Optical Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thai Reinsurance Public Company Limited
BK:THRE
|
$52.55 Million |
|
York Timber Holdings Ltd
JSE:YRK
|
$52.57 Million |
|
EURODRY LTD. DL -01
F:0LQ
|
$52.61 Million |
|
eMedia Holdings Limited
JSE:EMN
|
$52.62 Million |
|
Gunawan Dianjaya Steel Tbk
JK:GDST
|
$52.53 Million |
|
Gihon Telekomunikasi Indonesia Tbk PT
JK:GHON
|
$52.53 Million |
|
The LEADCORP Inc
KQ:012700
|
$52.47 Million |
|
Hansol Csn
KO:009180
|
$52.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ching Chan Optical Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 915,596,000 to 926,546,000, a change of 10,950,000 (1.2%).
- Net income of 106,259,000 contributed positively to equity growth.
- Dividend payments of 75,144,000 reduced retained earnings.
- Other factors decreased equity by 20,165,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$106.26 Million | +11.47% |
| Dividends Paid | NT$75.14 Million | -8.11% |
| Other Changes | NT$-20.16 Million | -2.18% |
| Total Change | NT$- | 1.20% |
Book Value vs Market Value Analysis
This analysis compares Ching Chan Optical Technology 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: 1.85x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$25.11 | NT$46.60 | x |
| 2018-12-31 | NT$26.29 | NT$46.60 | x |
| 2019-12-31 | NT$24.52 | NT$46.60 | x |
| 2020-12-31 | NT$22.15 | NT$46.60 | x |
| 2021-12-31 | NT$23.79 | NT$46.60 | x |
| 2022-12-31 | NT$24.59 | NT$46.60 | x |
| 2023-12-31 | NT$24.87 | NT$46.60 | x |
| 2024-12-31 | NT$25.16 | NT$46.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ching Chan Optical Technology 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): 11.47%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.85%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.38x
- Recent ROE (11.47%) is above the historical average (7.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 12.39% | 12.84% | 0.48x | 2.00x | NT$19.40 Million |
| 2018 | 8.75% | 9.60% | 0.56x | 1.64x | NT$-12.04 Million |
| 2019 | 2.31% | 3.38% | 0.38x | 1.83x | NT$-67.96 Million |
| 2020 | -6.54% | -11.07% | 0.30x | 1.95x | NT$-131.10 Million |
| 2021 | 11.19% | 15.96% | 0.41x | 1.72x | NT$10.10 Million |
| 2022 | 9.44% | 13.75% | 0.49x | 1.41x | NT$-4.96 Million |
| 2023 | 8.81% | 12.96% | 0.38x | 1.77x | NT$-10.90 Million |
| 2024 | 11.47% | 14.85% | 0.56x | 1.38x | NT$13.60 Million |
Industry Comparison
This section compares Ching Chan Optical Technology Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $6,530,130,000
- Average return on equity (ROE) among peers: 8.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ching Chan Optical Technology Co Ltd (2070) | NT$905.12 Million | 12.39% | 0.64x | $52.54 Million |
| TECO Electric & Machinery Co Ltd (1504) | $32.53 Billion | 4.04% | 1.06x | $4.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $8.16 Billion | 6.73% | 0.83x | $2.39 Billion |
| Anderson Industrial Corp (1528) | $1.42 Billion | 14.98% | 1.03x | $103.98 Million |
| Awea Mechantronic Co Ltd (1530) | $3.01 Billion | 3.94% | 1.24x | $82.70 Million |
| Kaulin Mfg (1531) | $4.22 Billion | 4.79% | 0.30x | $74.01 Million |
| Chiu Ting Machinery Co Ltd (1539) | $1.25 Billion | -1.49% | 2.55x | $32.95 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $684.96 Million | 8.44% | 0.39x | $52.24 Million |
| Sinmag Equipment (1580) | $2.33 Billion | 14.62% | 0.48x | $174.88 Million |
| Goodway Machine Corp (1583) | $6.00 Billion | 9.95% | 1.44x | $171.13 Million |
| Airtac International Group (1590) | $5.68 Billion | 19.43% | 0.79x | $8.35 Billion |
About Ching Chan Optical Technology Co Ltd
Ching Chan Optical Technology Co., Ltd. manufactures and sells screws, rivets, and mechanical equipment. It provides screw / bolt sorting machines, consecutively running optical sorting machines, electronic component optical inspection machines, nut / washer series, rod / stud series, eddy current sorting machines, and accessories for sorting machines; process monitoring; and monitoring systems. … Read more