Munsin Garment Net Assets
Munsin Garment net assets. Based on the latest financial reports, Munsin Garment (2916) has net assets worth NT$1.54 Billion TWD (≈ $48.49 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.97 Billion ≈ $61.97 Million USD) and total liabilities (NT$427.81 Million ≈ $13.48 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 Munsin Garment net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.54 Billion |
| % of Total Assets | 78.25% |
| Annual Growth Rate | 7.7% |
| 5-Year Change | 64.49% |
| 10-Year Change | N/A |
| Growth Volatility | 12.76 |
Net Assets of Munsin Garment (2017–2025)
Net assets of Munsin Garment from 2017 to 2025. This chart illustrates how Munsin Garment's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Munsin Garment to measure how much of total assets are equity-financed.
Annual Net Assets for Munsin Garment (2017–2025)
The table below shows the annual net assets of Munsin Garment from 2017 to 2025. For live market cap and overall valuation, see market cap of Munsin Garment.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.63 Billion ≈ $51.43 Million |
+1.47% |
| 2024-12-31 | NT$1.61 Billion ≈ $50.68 Million |
+41.35% |
| 2023-12-31 | NT$1.14 Billion ≈ $35.85 Million |
+7.87% |
| 2022-12-31 | NT$1.05 Billion ≈ $33.24 Million |
+6.31% |
| 2021-12-31 | NT$992.33 Million ≈ $31.26 Million |
+5.73% |
| 2020-12-31 | NT$938.51 Million ≈ $29.57 Million |
+3.14% |
| 2019-12-31 | NT$909.98 Million ≈ $28.67 Million |
-0.64% |
| 2018-12-31 | NT$915.83 Million ≈ $28.85 Million |
+1.54% |
| 2017-12-31 | NT$901.93 Million ≈ $28.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Munsin Garment'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 19.4% over the analyzed period, indicating profitable operations and earnings retention.
Munsin Garment Net Assets Breakdown (December 2025)
Munsin Garment net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$281.75 Million | 17.26% |
| Other Components | NT$1.35 Billion | 82.74% |
| Total Equity | NT$1.63 Billion | 100.00% |
Munsin Garment Competitors by Market Cap
The table below lists competitors of Munsin Garment ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canterbury Park Holding Corporation
NASDAQ:CPHC
|
$81.07 Million |
|
Shree Digvijay Cement Co.Ltd
NSE:SHREDIGCEM
|
$81.08 Million |
|
Patriot One Technologies Inc
F:0PL
|
$81.09 Million |
|
WINS Co. Ltd
KQ:136540
|
$81.09 Million |
|
ITEK Inc
KQ:119830
|
$81.01 Million |
|
Q.BEYOND AG NA O.N. KONV.
XETRA:QBY0
|
$80.98 Million |
|
Trias Sentosa Tbk
JK:TRST
|
$80.95 Million |
|
The Sandesh Limited
NSE:SANDESH
|
$80.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Munsin Garment's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,608,624,000 to 1,632,288,000, a change of 23,664,000 (1.5%).
- Net income of 255,914,000 contributed positively to equity growth.
- Dividend payments of 232,657,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$255.91 Million | +15.68% |
| Dividends Paid | NT$232.66 Million | -14.25% |
| Other Changes | NT$407.00K | +0.02% |
| Total Change | NT$- | 1.47% |
Book Value vs Market Value Analysis
This analysis compares Munsin Garment'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: 1.58x
- 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 2.41x to 1.58x 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$16.51 | NT$39.80 | x |
| 2018-12-31 | NT$16.77 | NT$39.80 | x |
| 2019-12-31 | NT$16.66 | NT$39.80 | x |
| 2020-12-31 | NT$17.10 | NT$39.80 | x |
| 2021-12-31 | NT$18.07 | NT$39.80 | x |
| 2022-12-31 | NT$19.19 | NT$39.80 | x |
| 2023-12-31 | NT$20.74 | NT$39.80 | x |
| 2024-12-31 | NT$24.89 | NT$39.80 | x |
| 2025-12-31 | NT$25.26 | NT$39.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Munsin Garment utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.68%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.07%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.31x
- Recent ROE (15.68%) is above the historical average (13.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.01% | 5.57% | 1.09x | 1.32x | NT$-17.93 Million |
| 2018 | 9.10% | 6.37% | 1.04x | 1.38x | NT$-8.27 Million |
| 2019 | 8.41% | 5.60% | 1.08x | 1.39x | NT$-14.45 Million |
| 2020 | 9.39% | 6.41% | 1.15x | 1.27x | NT$-5.69 Million |
| 2021 | 13.87% | 10.16% | 1.04x | 1.31x | NT$38.40 Million |
| 2022 | 17.04% | 11.41% | 1.13x | 1.33x | NT$74.23 Million |
| 2023 | 22.15% | 13.71% | 1.15x | 1.41x | NT$138.24 Million |
| 2024 | 15.42% | 12.92% | 0.92x | 1.30x | NT$87.21 Million |
| 2025 | 15.68% | 13.07% | 0.92x | 1.31x | NT$92.69 Million |
Industry Comparison
This section compares Munsin Garment's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $3,491,411,667
- Average return on equity (ROE) among peers: 4.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Munsin Garment (2916) | NT$1.54 Billion | 8.01% | 0.28x | $81.04 Million |
| Tah Hsin Industrial Corp (1315) | $7.17 Billion | 3.29% | 0.29x | $217.60 Million |
| Tex-Ray Industrial Co Ltd (1467) | $2.54 Billion | -2.39% | 1.80x | $55.38 Million |
| Tainan Enterprises Co Ltd (1473) | $4.28 Billion | 2.20% | 0.80x | $83.57 Million |
| Eclat Textile Co Ltd (1476) | $1.35 Billion | 9.27% | 0.77x | $2.77 Billion |
| Makalot Industrial Co Ltd (1477) | $9.20 Billion | 20.71% | 0.60x | $1.60 Billion |
| Cayman Tung Ling Co Ltd (2924) | $772.41 Million | 1.80% | 0.67x | $28.61 Million |
| TOPBI International Holdings Ltd (2929) | $3.53 Billion | 23.72% | 0.58x | $19.15 Million |
| Roo Hsing Co Ltd (4414) | $1.24 Billion | -22.55% | 1.33x | $66.32 Million |
| Hakers Enterprise Co Ltd (4432) | $1.36 Billion | 5.40% | 0.20x | $24.39 Million |
About Munsin Garment
Munsin Garment Corporation manufactures and trades in various ready-made garments, knitwear, and fabrics in Taiwan. The company offers golf, sports, fashion, and retro nostalgia apparel, casual wear, club bags, protective accessories, clothing, feminine clothing, urban sportswear, fashionable outfits, trousers, unique style clothing, modern fashion apparel, and sporting products. It is also invol… Read more