Zhen Yu Hardware Co., Ltd.
Zhen Yu Hardware Co., Ltd. engages in the wholesale and retail of hardware in China. The company was founded in 1977 and is based in Taichung, Taiwan.
Zhen Yu Hardware Co., Ltd. (2947) - Net Assets
Latest net assets as of September 2025: NT$802.96 Million TWD
Based on the latest financial reports, Zhen Yu Hardware Co., Ltd. (2947) has net assets worth NT$802.96 Million 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$3.03 Billion) and total liabilities (NT$2.23 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$802.96 Million |
| % of Total Assets | 26.48% |
| Annual Growth Rate | 11.07% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 20.86 |
Zhen Yu Hardware Co., Ltd. - Net Assets Trend (2020–2024)
This chart illustrates how Zhen Yu Hardware 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 Zhen Yu Hardware Co., Ltd. (2020–2024)
The table below shows the annual net assets of Zhen Yu Hardware Co., Ltd. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$767.63 Million | +4.35% |
| 2023-12-31 | NT$735.63 Million | +2.20% |
| 2022-12-31 | NT$719.79 Million | -3.93% |
| 2021-12-31 | NT$749.22 Million | +48.55% |
| 2020-12-31 | NT$504.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhen Yu Hardware 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 23.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$166.14 Million | 21.64% |
| Common Stock | NT$192.69 Million | 25.10% |
| Other Components | NT$408.81 Million | 53.26% |
| Total Equity | NT$767.63 Million | 100.00% |
Zhen Yu Hardware Co., Ltd. Competitors by Market Cap
The table below lists competitors of Zhen Yu Hardware Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Autozi Internet Technology (Global) Ltd. Class A Ordinary Shares
NASDAQ:AZI
|
$21.12 Million |
|
Lay Hong Bhd
KLSE:9385
|
$21.12 Million |
|
Bexil Cp
PINK:BXLC
|
$21.12 Million |
|
Cosmos Yatirim Holding AS
IS:COSMO
|
$21.13 Million |
|
BVS AS
IS:BVSAN
|
$21.12 Million |
|
Sand Nisko Capital Bhd
KLSE:7943
|
$21.12 Million |
|
Frontier Energy Limited
OTCQB:FRHYF
|
$21.12 Million |
|
Pudumjee Paper Products Limited
NSE:PDMJEPAPER
|
$21.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhen Yu Hardware Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 735,631,000 to 767,634,000, a change of 32,003,000 (4.4%).
- Net income of 66,686,000 contributed positively to equity growth.
- Dividend payments of 34,683,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$66.69 Million | +8.69% |
| Dividends Paid | NT$34.68 Million | -4.52% |
| Total Change | NT$- | 4.35% |
Book Value vs Market Value Analysis
This analysis compares Zhen Yu Hardware 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: 1.96x
- 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 2.56x to 1.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$30.49 | NT$78.00 | x |
| 2021-12-31 | NT$42.39 | NT$78.00 | x |
| 2022-12-31 | NT$37.31 | NT$78.00 | x |
| 2023-12-31 | NT$38.14 | NT$78.00 | x |
| 2024-12-31 | NT$39.86 | NT$78.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhen Yu Hardware 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): 8.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.07%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 3.95x
- Recent ROE (8.69%) is below the historical average (11.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 19.97% | 6.36% | 0.83x | 3.80x | NT$50.28 Million |
| 2021 | 14.74% | 6.39% | 0.72x | 3.19x | NT$35.54 Million |
| 2022 | 9.30% | 3.63% | 0.69x | 3.70x | NT$-5.06 Million |
| 2023 | 6.08% | 2.27% | 0.66x | 4.07x | NT$-28.82 Million |
| 2024 | 8.69% | 3.07% | 0.72x | 3.95x | NT$-10.08 Million |
Industry Comparison
This section compares Zhen Yu Hardware Co., Ltd.'s net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $7,598,042,111
- Average return on equity (ROE) among peers: 13.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhen Yu Hardware Co., Ltd. (2947) | NT$802.96 Million | 19.97% | 2.78x | $21.12 Million |
| Tsann Kuen Enterprise Co Ltd (2430) | $4.72 Billion | 4.73% | 0.96x | $32.65 Million |
| Shan-Loong Transportation Co Ltd (2616) | $2.88 Billion | 7.37% | 0.95x | $46.17 Million |
| Gseven Co Ltd (2937) | $415.06 Million | 9.40% | 1.38x | $17.88 Million |
| Taiwan Mobile Co Ltd (3045) | $50.81 Billion | 28.92% | 0.82x | $4.88 Billion |
| Scan-D (6195) | $1.37 Billion | 19.67% | 1.19x | $19.23 Million |
| E-Life Mall Corp (6281) | $1.39 Billion | 22.75% | 1.28x | $111.02 Million |
| Afastor Corporation (6707) | $853.44 Million | 7.12% | 4.70x | $7.43K |
| Bon Fame Co Ltd (8433) | $1.34 Billion | 16.02% | 1.00x | $39.80 Million |
| North-Star International Co Ltd (8927) | $4.60 Billion | 2.86% | 2.63x | $152.61 Million |