Golden Long Teng Development Co Ltd (3188) - Net Assets
Based on the latest financial reports, Golden Long Teng Development Co Ltd (3188) has net assets worth NT$3.30 Billion TWD (≈ $104.10 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$11.14 Billion ≈ $350.96 Million USD) and total liabilities (NT$7.84 Billion ≈ $246.87 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 balance sheet size of Golden Long Teng Development Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.30 Billion |
| % of Total Assets | 29.66% |
| Annual Growth Rate | 17.05% |
| 5-Year Change | 92.45% |
| 10-Year Change | N/A |
| Growth Volatility | 16.06 |
Golden Long Teng Development Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Golden Long Teng Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Golden Long Teng Development Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Golden Long Teng Development Co Ltd (2016–2025)
The table below shows the annual net assets of Golden Long Teng Development Co Ltd from 2016 to 2025. For live valuation and market cap data, see market value of Golden Long Teng Development Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.30 Billion ≈ $104.10 Million |
+18.54% |
| 2024-12-31 | NT$2.79 Billion ≈ $87.82 Million |
+4.28% |
| 2023-12-31 | NT$2.67 Billion ≈ $84.22 Million |
+13.93% |
| 2022-12-31 | NT$2.35 Billion ≈ $73.92 Million |
+36.66% |
| 2021-12-31 | NT$1.72 Billion ≈ $54.09 Million |
+11.60% |
| 2020-12-31 | NT$1.54 Billion ≈ $48.47 Million |
-0.11% |
| 2019-12-31 | NT$1.54 Billion ≈ $48.52 Million |
+54.01% |
| 2018-12-31 | NT$1000.00 Million ≈ $31.51 Million |
+15.22% |
| 2017-12-31 | NT$867.88 Million ≈ $27.34 Million |
+8.29% |
| 2016-12-31 | NT$801.42 Million ≈ $25.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Golden Long Teng Development 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 131186500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.05 Billion | 31.74% |
| Other Components | NT$2.26 Billion | 68.26% |
| Total Equity | NT$3.30 Billion | 100.00% |
Golden Long Teng Development Co Ltd Competitors by Market Cap
The table below lists competitors of Golden Long Teng Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cypark Resources Berhad
KLSE:5184
|
$137.38 Million |
|
Hammond Manufacturing Company Limited
TO:HMM-A
|
$137.46 Million |
|
ANJI Technology Co. Ltd
TW:6477
|
$137.47 Million |
|
Hamat Group Ltd
TA:HAMAT
|
$137.54 Million |
|
Adi Sarana Armada Tbk
JK:ASSA
|
$137.34 Million |
|
LAUNCH TECH CO. H YC-01
F:LAN
|
$137.31 Million |
|
Affinity Bancshares Inc
NASDAQ:AFBI
|
$137.20 Million |
|
KUB Malaysia Bhd
KLSE:6874
|
$137.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Long Teng Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,787,330,000 to 3,304,103,000, a change of 516,773,000 (18.5%).
- Net income of 754,959,000 contributed positively to equity growth.
- Dividend payments of 335,358,000 reduced retained earnings.
- Other factors increased equity by 97,172,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$754.96 Million | +22.85% |
| Dividends Paid | NT$335.36 Million | -10.15% |
| Other Changes | NT$97.17 Million | +2.94% |
| Total Change | NT$- | 18.54% |
Book Value vs Market Value Analysis
This analysis compares Golden Long Teng Development 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: 1.31x
- 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 2.62x to 1.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$8.84 | NT$23.15 | x |
| 2017-12-31 | NT$7.98 | NT$23.15 | x |
| 2018-12-31 | NT$9.19 | NT$23.15 | x |
| 2019-12-31 | NT$14.60 | NT$23.15 | x |
| 2020-12-31 | NT$9.80 | NT$23.15 | x |
| 2021-12-31 | NT$10.93 | NT$23.15 | x |
| 2022-12-31 | NT$14.56 | NT$23.15 | x |
| 2023-12-31 | NT$14.32 | NT$23.15 | x |
| 2024-12-31 | NT$14.96 | NT$23.15 | x |
| 2025-12-31 | NT$17.73 | NT$23.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Long Teng Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.00%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 3.37x
- Recent ROE (22.85%) is above the historical average (9.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -5.36% | -43.85% | 0.07x | 1.77x | NT$-123.13 Million |
| 2017 | 7.66% | 7.03% | 0.50x | 2.20x | NT$-20.33 Million |
| 2018 | 13.21% | 7.31% | 0.48x | 3.80x | NT$32.12 Million |
| 2019 | 8.58% | 8.90% | 0.32x | 2.98x | NT$-21.80 Million |
| 2020 | 3.80% | 7.21% | 0.17x | 3.02x | NT$-95.32 Million |
| 2021 | 12.49% | 14.36% | 0.30x | 2.90x | NT$42.81 Million |
| 2022 | 3.72% | 8.23% | 0.16x | 2.89x | NT$-147.30 Million |
| 2023 | 14.32% | 18.69% | 0.30x | 2.57x | NT$115.42 Million |
| 2024 | 14.80% | 27.40% | 0.17x | 3.14x | NT$133.67 Million |
| 2025 | 22.85% | 28.00% | 0.24x | 3.37x | NT$424.55 Million |
Industry Comparison
This section compares Golden Long Teng Development Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $10,155,270,800
- Average return on equity (ROE) among peers: 5.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Long Teng Development Co Ltd (3188) | NT$3.30 Billion | -5.36% | 2.37x | $137.36 Million |
| HUA YU LIEN Development Co Ltd (1436) | $2.24 Billion | -1.70% | 1.92x | $192.61 Million |
| Advancetek Enterprise Co Ltd (1442) | $6.05 Billion | 10.66% | 1.74x | $340.36 Million |
| Better Life Group Co Ltd (1805) | $331.11 Million | 0.00% | 2.96x | $42.52 Million |
| Run Long Construction Co Ltd (1808) | $14.54 Billion | 15.53% | 2.54x | $896.11 Million |
| Jean Co Ltd (2442) | $2.26 Billion | 2.13% | 1.27x | $168.31 Million |
| Cathay Real Estate Development Co Ltd (2501) | $20.51 Billion | 4.90% | 0.48x | $803.72 Million |
| Kuo Yang Construction Co Ltd (2505) | $5.32 Billion | 3.13% | 1.82x | $211.91 Million |
| Pacific Construction Co Ltd (2506) | $7.26 Billion | 4.48% | 1.14x | $97.62 Million |
| Prince Housing & Development Corp (2511) | $25.77 Billion | 5.96% | 0.95x | $424.32 Million |
| King’s Town Construction Co Ltd (2524) | $17.28 Billion | 5.84% | 1.03x | $392.61 Million |
About Golden Long Teng Development Co Ltd
Golden Long Teng Development Co., Ltd. engages in the real estate leasing in Taiwan. The company operates through Construction and Development and Construction segments. It also engages in the development, leasing, and sale of residential and buildings; and housing construction business. The company was formerly known as AME, Inc. and changed its name to Golden Long Teng Development Co., Ltd. in … Read more