Taiwan Taxi Co Ltd
Taiwan Taxi Co.,Ltd. provides taxi services in Taiwan. Its taxi services include call a taxi; and moving house, fast fixing and delivery, designated driver, airport pick-up, special education student pick-up, and pet special pick-up services. The company was founded in 2005 and is based in Taipei, Taiwan.
Taiwan Taxi Co Ltd (2640) - Net Assets
Latest net assets as of September 2025: NT$2.13 Billion TWD
Based on the latest financial reports, Taiwan Taxi Co Ltd (2640) has net assets worth NT$2.13 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$4.05 Billion) and total liabilities (NT$1.92 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$2.13 Billion |
| % of Total Assets | 52.55% |
| Annual Growth Rate | 6.7% |
| 5-Year Change | 39.02% |
| 10-Year Change | N/A |
| Growth Volatility | 3.47 |
Taiwan Taxi Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Taiwan Taxi Co Ltd'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 Taxi Co Ltd (2015–2024)
The table below shows the annual net assets of Taiwan Taxi Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.17 Billion | +8.43% |
| 2023-12-31 | NT$2.00 Billion | +6.23% |
| 2022-12-31 | NT$1.88 Billion | +6.99% |
| 2021-12-31 | NT$1.76 Billion | +12.80% |
| 2020-12-31 | NT$1.56 Billion | +6.56% |
| 2019-12-31 | NT$1.46 Billion | +6.20% |
| 2018-12-31 | NT$1.38 Billion | +4.03% |
| 2017-12-31 | NT$1.32 Billion | +9.93% |
| 2016-12-31 | NT$1.20 Billion | -0.36% |
| 2015-12-31 | NT$1.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Taxi 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 112.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$663.07 Million | 31.99% |
| Other Components | NT$1.41 Billion | 68.01% |
| Total Equity | NT$2.07 Billion | 100.00% |
Taiwan Taxi Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Taxi Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sintana Energy Inc
OTCQX:SEUSF
|
$121.82 Million |
|
Jiangsu Jingxue Insulation
SHE:301010
|
$121.85 Million |
|
Bms Birlesik Metal Sanayi ve Ticaret AS
IS:BMSTL
|
$121.87 Million |
|
Symphony International Holdings Limited
PINK:SYNNF
|
$121.88 Million |
|
Beijing LongRuan Technologies Inc
SHG:688078
|
$121.81 Million |
|
Bondex Supply Chain Management Co. Ltd.
SHG:603836
|
$121.77 Million |
|
HOSTELWORLD GROUP EO-01
F:HSW
|
$121.74 Million |
|
PrimeEnergy Corporation
NASDAQ:PNRG
|
$121.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Taxi Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,899,235,000 to 2,072,657,000, a change of 173,422,000 (9.1%).
- Net income of 529,011,000 contributed positively to equity growth.
- Dividend payments of 355,618,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$529.01 Million | +25.52% |
| Dividends Paid | NT$355.62 Million | -17.16% |
| Other Changes | NT$29.00K | +0.0% |
| Total Change | NT$- | 9.13% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Taxi 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: 4.05x
- 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 6.04x to 4.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$23.44 | NT$141.50 | x |
| 2018-12-31 | NT$24.38 | NT$141.50 | x |
| 2019-12-31 | NT$25.89 | NT$141.50 | x |
| 2020-12-31 | NT$26.22 | NT$141.50 | x |
| 2021-12-31 | NT$27.46 | NT$141.50 | x |
| 2022-12-31 | NT$30.01 | NT$141.50 | x |
| 2023-12-31 | NT$31.98 | NT$141.50 | x |
| 2024-12-31 | NT$34.97 | NT$141.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Taxi 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): 25.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.50%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.88x
- Recent ROE (25.52%) is above the historical average (18.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 15.41% | 11.38% | 0.63x | 2.14x | NT$65.26 Million |
| 2016 | 11.95% | 8.68% | 0.68x | 2.03x | NT$23.41 Million |
| 2017 | 16.81% | 13.12% | 0.73x | 1.75x | NT$90.06 Million |
| 2018 | 16.77% | 12.27% | 0.74x | 1.85x | NT$93.16 Million |
| 2019 | 18.66% | 14.01% | 0.80x | 1.66x | NT$126.51 Million |
| 2020 | 18.94% | 14.80% | 0.77x | 1.65x | NT$139.20 Million |
| 2021 | 14.94% | 11.66% | 0.69x | 1.86x | NT$80.56 Million |
| 2022 | 19.95% | 14.05% | 0.80x | 1.78x | NT$177.31 Million |
| 2023 | 22.10% | 14.61% | 0.84x | 1.80x | NT$229.73 Million |
| 2024 | 25.52% | 17.50% | 0.78x | 1.88x | NT$321.75 Million |
Industry Comparison
This section compares Taiwan Taxi Co Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $72,074,988,000
- Average return on equity (ROE) among peers: 8.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Taxi Co Ltd (2640) | NT$2.13 Billion | 15.41% | 0.90x | $121.82 Million |
| Taiwan High Speed Rail Corp (2633) | $72.07 Billion | 8.95% | 4.33x | $1.81 Billion |