Tofu Restaurant Co Ltd (2752) - Net Assets
Based on the latest financial reports, Tofu Restaurant Co Ltd (2752) has net assets worth NT$1.30 Billion TWD (≈ $41.02 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$2.27 Billion ≈ $71.38 Million USD) and total liabilities (NT$963.63 Million ≈ $30.36 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 2752 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.30 Billion |
| % of Total Assets | 57.47% |
| Annual Growth Rate | 25.24% |
| 5-Year Change | 50.29% |
| 10-Year Change | N/A |
| Growth Volatility | 25.87 |
Tofu Restaurant Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Tofu Restaurant Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tofu Restaurant Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Tofu Restaurant Co Ltd (2017–2024)
The table below shows the annual net assets of Tofu Restaurant Co Ltd from 2017 to 2024. For live valuation and market cap data, see Tofu Restaurant Co Ltd (2752) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.38 Billion ≈ $43.35 Million |
+14.69% |
| 2023-12-31 | NT$1.20 Billion ≈ $37.79 Million |
+12.32% |
| 2022-12-31 | NT$1.07 Billion ≈ $33.65 Million |
+20.33% |
| 2021-12-31 | NT$887.51 Million ≈ $27.96 Million |
-3.05% |
| 2020-12-31 | NT$915.40 Million ≈ $28.84 Million |
+17.20% |
| 2019-12-31 | NT$781.04 Million ≈ $24.61 Million |
+76.91% |
| 2018-12-31 | NT$441.50 Million ≈ $13.91 Million |
+55.07% |
| 2017-12-31 | NT$284.71 Million ≈ $8.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tofu Restaurant 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 167.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$446.58 Million | 32.85% |
| Other Components | NT$913.03 Million | 67.15% |
| Total Equity | NT$1.36 Billion | 100.00% |
Tofu Restaurant Co Ltd Competitors by Market Cap
The table below lists competitors of Tofu Restaurant Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHOROKBAEM COMPANY Co. Ltd
KQ:052300
|
$156.05 Million |
|
Grigeo AB
STU:WM8
|
$156.06 Million |
|
Anteris Technologies Global Corp. Common Stock
NASDAQ:AVR
|
$156.14 Million |
|
NRC Group ASA
OL:NRC
|
$156.19 Million |
|
POLARIS RENEWABLE ENERGY
F:N4T
|
$155.99 Million |
|
Shriram Properties Limited
NSE:SHRIRAMPPS
|
$155.95 Million |
|
Kimia Farma Persero Tbk
JK:KAEF
|
$155.91 Million |
|
Intelligent Monitoring Group Ltd
AU:IMB
|
$155.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tofu Restaurant Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,186,623,000 to 1,359,613,000, a change of 172,990,000 (14.6%).
- Net income of 414,236,000 contributed positively to equity growth.
- Dividend payments of 349,356,000 reduced retained earnings.
- Other factors increased equity by 108,110,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$414.24 Million | +30.47% |
| Dividends Paid | NT$349.36 Million | -25.7% |
| Other Changes | NT$108.11 Million | +7.95% |
| Total Change | NT$- | 14.58% |
Book Value vs Market Value Analysis
This analysis compares Tofu Restaurant 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: 3.64x
- 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 12.35x to 3.64x 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$15.02 | NT$185.50 | x |
| 2018-12-31 | NT$23.18 | NT$185.50 | x |
| 2019-12-31 | NT$35.39 | NT$185.50 | x |
| 2020-12-31 | NT$34.46 | NT$185.50 | x |
| 2021-12-31 | NT$32.84 | NT$185.50 | x |
| 2022-12-31 | NT$40.22 | NT$185.50 | x |
| 2023-12-31 | NT$45.16 | NT$185.50 | x |
| 2024-12-31 | NT$50.93 | NT$185.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tofu Restaurant 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): 30.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.35%
- • Asset Turnover: 1.52x
- • Equity Multiplier: 1.76x
- Recent ROE (30.47%) is above the historical average (25.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 32.80% | 10.05% | 2.25x | 1.45x | NT$64.93 Million |
| 2018 | 26.22% | 10.42% | 1.87x | 1.35x | NT$71.25 Million |
| 2019 | 16.71% | 9.33% | 1.25x | 1.44x | NT$52.27 Million |
| 2020 | 25.28% | 12.79% | 1.26x | 1.58x | NT$139.59 Million |
| 2021 | 17.49% | 8.54% | 1.10x | 1.86x | NT$65.57 Million |
| 2022 | 25.31% | 11.07% | 1.28x | 1.79x | NT$161.72 Million |
| 2023 | 32.73% | 12.53% | 1.46x | 1.79x | NT$269.67 Million |
| 2024 | 30.47% | 11.35% | 1.52x | 1.76x | NT$278.27 Million |
Industry Comparison
This section compares Tofu Restaurant Co Ltd's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $3,065,264,333
- Average return on equity (ROE) among peers: 8.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tofu Restaurant Co Ltd (2752) | NT$1.30 Billion | 32.80% | 0.74x | $156.01 Million |
| An-Shin Food Services Co Ltd (1259) | $1.94 Billion | 8.25% | 1.40x | $58.78 Million |
| Hi-Lai Foods Co Ltd (1268) | $1.85 Billion | 7.03% | 2.40x | $206.19 Million |
| Gourmet Master Co Ltd (2723) | $10.22 Billion | 9.13% | 1.21x | $360.11 Million |
| Yummy Town Cayman Holdings (2726) | $532.09 Million | 13.64% | 1.54x | $12.71 Million |
| Wowprime Corp (2727) | $4.98 Billion | 25.92% | 2.27x | $591.28 Million |
| TTFB Co Ltd (2729) | $2.59 Billion | 16.98% | 1.04x | $222.30 Million |
| Mr. Onion (2740) | $162.26 Million | -40.06% | 0.99x | $18.54 Million |
| Bafang Yunji Intl Co Ltd (2753) | $3.82 Billion | 15.78% | 0.76x | $372.69 Million |
| Kura Sushi Asia Co Ltd (2754) | $1.50 Billion | 16.11% | 1.91x | $101.59 Million |
About Tofu Restaurant Co Ltd
Tofu Restaurant Co., Ltd. engages in the chain restaurant business in Taiwan. The company is also involved in the food manufacturing business. Tofu Restaurant Co., Ltd. was founded in 1997 and is based in Taipei, Taiwan.