Cayman Tung Ling Co Ltd (2924) - Net Assets
Based on the latest financial reports, Cayman Tung Ling Co Ltd (2924) has net assets worth NT$474.68 Million TWD (≈ $14.96 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$959.69 Million ≈ $30.24 Million USD) and total liabilities (NT$485.00 Million ≈ $15.28 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 2924 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$474.68 Million |
| % of Total Assets | 49.46% |
| Annual Growth Rate | -6.16% |
| 5-Year Change | 164.87% |
| 10-Year Change | -38.54% |
| Growth Volatility | 80.22 |
Cayman Tung Ling Co Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Cayman Tung Ling Co Ltd's net assets have evolved over time, based on quarterly financial data. See 2924 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cayman Tung Ling Co Ltd (2015–2025)
The table below shows the annual net assets of Cayman Tung Ling Co Ltd from 2015 to 2025. For live valuation and market cap data, see market value of Cayman Tung Ling Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$474.68 Million ≈ $14.96 Million |
-11.55% |
| 2024-12-31 | NT$536.68 Million ≈ $16.91 Million |
+239.46% |
| 2023-12-31 | NT$158.10 Million ≈ $4.98 Million |
-15.66% |
| 2022-12-31 | NT$187.45 Million ≈ $5.91 Million |
+4.59% |
| 2021-12-31 | NT$179.22 Million ≈ $5.65 Million |
-24.14% |
| 2020-12-31 | NT$236.26 Million ≈ $7.44 Million |
-63.89% |
| 2019-12-31 | NT$654.27 Million ≈ $20.61 Million |
+43.46% |
| 2018-12-31 | NT$456.05 Million ≈ $14.37 Million |
-29.20% |
| 2017-12-31 | NT$644.14 Million ≈ $20.29 Million |
-16.61% |
| 2016-12-31 | NT$772.41 Million ≈ $24.34 Million |
-13.86% |
| 2015-12-31 | NT$896.68 Million ≈ $28.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cayman Tung Ling 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 decreased by 317.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$726.87 Million | 153.13% |
| Total Equity | NT$474.68 Million | 100.00% |
Cayman Tung Ling Co Ltd Competitors by Market Cap
The table below lists competitors of Cayman Tung Ling Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unlimited Travel Group UTG AB (publ)
ST:UTG
|
$28.46 Million |
|
Daishin Information & Communications Co.Ltd
KQ:020180
|
$28.46 Million |
|
Tayih Lun An Co Ltd
TWO:8107
|
$28.47 Million |
|
Veto Switchgears And Cables Limited
NSE:VETO
|
$28.48 Million |
|
Mauna Kea Technologies SAS
PA:ALMKT
|
$28.43 Million |
|
Hotel Fitra International Tbk PT
JK:FITT
|
$28.43 Million |
|
Asian Hotels (East) Limited
NSE:AHLEAST
|
$28.40 Million |
|
Bonasudden Holding AB
ST:BONAS
|
$28.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cayman Tung Ling Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 536,685,000 to 474,683,000, a change of -62,002,000 (-11.6%).
- Net loss of 60,880,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-60.88 Million | -12.83% |
| Other Changes | NT$-1.12 Million | -0.24% |
| Total Change | NT$- | -11.55% |
Book Value vs Market Value Analysis
This analysis compares Cayman Tung Ling 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: 1.90x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.92x to 1.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$18.94 | NT$17.35 | x |
| 2018-12-31 | NT$13.90 | NT$17.35 | x |
| 2019-12-31 | NT$10.90 | NT$17.35 | x |
| 2020-12-31 | NT$7.20 | NT$17.35 | x |
| 2021-12-31 | NT$5.46 | NT$17.35 | x |
| 2022-12-31 | NT$5.71 | NT$17.35 | x |
| 2023-12-31 | NT$4.82 | NT$17.35 | x |
| 2024-12-31 | NT$10.31 | NT$17.35 | x |
| 2025-12-31 | NT$9.12 | NT$17.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cayman Tung Ling Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -90.81%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.02x
- Recent ROE (-12.83%) is above the historical average (-17.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.77% | 1.90% | 0.92x | 1.58x | NT$-64.80 Million |
| 2016 | 1.80% | 1.27% | 0.85x | 1.67x | NT$-63.32 Million |
| 2017 | -15.03% | -10.93% | 0.82x | 1.69x | NT$-161.23 Million |
| 2018 | -27.86% | -18.78% | 0.88x | 1.68x | NT$-172.67 Million |
| 2019 | -23.44% | -15.37% | 0.83x | 1.83x | NT$-119.59 Million |
| 2020 | -52.63% | -34.01% | 0.72x | 2.15x | NT$-147.96 Million |
| 2021 | -31.46% | -20.70% | 0.97x | 1.57x | NT$-74.31 Million |
| 2022 | 4.02% | 9.46% | 0.32x | 1.31x | NT$-11.22 Million |
| 2023 | -21.70% | -83.02% | 0.17x | 1.56x | NT$-50.11 Million |
| 2024 | -12.59% | -41.06% | 0.19x | 1.63x | NT$-121.23 Million |
| 2025 | -12.83% | -90.81% | 0.07x | 2.02x | NT$-108.35 Million |
Industry Comparison
This section compares Cayman Tung Ling Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $3,389,716,000
- Average return on equity (ROE) among peers: 13.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cayman Tung Ling Co Ltd (2924) | NT$474.68 Million | 2.77% | 1.02x | $28.44 Million |
| Tah Hsin Industrial Corp (1315) | $5.29 Billion | 5.23% | 0.35x | $185.69 Million |
| Tex-Ray Industrial Co Ltd (1467) | $1.30 Billion | 4.94% | 1.51x | $53.73 Million |
| Tainan Enterprises Co Ltd (1473) | $2.40 Billion | 17.76% | 0.57x | $94.63 Million |
| Eclat Textile Co Ltd (1476) | $11.77 Billion | 35.45% | 0.50x | $2.80 Billion |
| Makalot Industrial Co Ltd (1477) | $2.95 Billion | 9.82% | 0.57x | $1.69 Billion |
| Munsin Garment (2916) | $938.51 Million | 9.39% | 0.27x | $85.41 Million |
| TOPBI International Holdings Ltd (2929) | $3.74 Billion | 19.65% | 0.65x | $20.01 Million |
| Roo Hsing Co Ltd (4414) | $650.23 Million | 12.32% | 3.30x | $69.56 Million |
| Hakers Enterprise Co Ltd (4432) | $1.47 Billion | 9.09% | 0.17x | $26.30 Million |
About Cayman Tung Ling Co Ltd
Cayman Island Grand Galactica Corp Limited engages in the research, development, manufacture, and sale of various infant and toddler products in Taiwan, Vietnam, and the rest of Asia. It operates through Department Store Retail, Construction Engineering, and Construction segments. The company offers baby clothing, supplies, and toys. It also engages in the development, lease, and sale of real est… Read more