Jiin Ming Industry Co Ltd (3230) - Net Assets
Based on the latest financial reports, Jiin Ming Industry Co Ltd (3230) has net assets worth NT$960.91 Million TWD (≈ $30.27 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$1.31 Billion ≈ $41.16 Million USD) and total liabilities (NT$345.61 Million ≈ $10.89 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 Jiin Ming Industry Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$960.91 Million |
| % of Total Assets | 73.55% |
| Annual Growth Rate | 2.07% |
| 5-Year Change | 53.1% |
| 10-Year Change | N/A |
| Growth Volatility | 38.38 |
Jiin Ming Industry Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Jiin Ming Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Jiin Ming Industry Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Jiin Ming Industry Co Ltd (2017–2024)
The table below shows the annual net assets of Jiin Ming Industry Co Ltd from 2017 to 2024. For live valuation and market cap data, see Jiin Ming Industry Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.16 Billion ≈ $36.70 Million |
+95.58% |
| 2023-12-31 | NT$595.57 Million ≈ $18.76 Million |
-23.95% |
| 2022-12-31 | NT$783.09 Million ≈ $24.67 Million |
-13.33% |
| 2021-12-31 | NT$903.55 Million ≈ $28.47 Million |
+18.76% |
| 2020-12-31 | NT$760.82 Million ≈ $23.97 Million |
+3.15% |
| 2019-12-31 | NT$737.56 Million ≈ $23.24 Million |
-10.78% |
| 2018-12-31 | NT$826.67 Million ≈ $26.04 Million |
-18.07% |
| 2017-12-31 | NT$1.01 Billion ≈ $31.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiin Ming Industry 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 19927200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.21 Billion | 104.06% |
| Total Equity | NT$1.16 Billion | 100.00% |
Jiin Ming Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Jiin Ming Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Economic Investment Trust Ltd
TO:EVT
|
$94.65 Million |
|
Nahar Spinning Mills Limited
NSE:NAHARSPING
|
$94.66 Million |
|
Sajo Seafood
KO:014710
|
$94.75 Million |
|
Urbas Grupo Financiero SA
MC:UBS
|
$94.75 Million |
|
NewFlex Technology Co. Ltd
KQ:085670
|
$94.62 Million |
|
Papoutsanis S.A
AT:PAP
|
$94.50 Million |
|
Federal Mogul Izmit Piston ve Pim Uretim Tesisleri AS
IS:FMIZP
|
$94.49 Million |
|
Dongbang Trans
KO:004140
|
$94.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiin Ming Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 595,572,000 to 1,164,808,000, a change of 569,236,000 (95.6%).
- Net income of 293,744,000 contributed positively to equity growth.
- New share issuances of 259,500,000 increased equity.
- Other comprehensive income increased equity by 72,982,000.
- Other factors decreased equity by 56,990,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$293.74 Million | +25.22% |
| Share Issuances | NT$259.50 Million | +22.28% |
| Other Comprehensive Income | NT$72.98 Million | +6.27% |
| Other Changes | NT$-56.99 Million | -4.89% |
| Total Change | NT$- | 95.58% |
Book Value vs Market Value Analysis
This analysis compares Jiin Ming Industry 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: 2.62x
- 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 2.12x to 2.62x 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$16.77 | NT$35.50 | x |
| 2018-12-31 | NT$13.74 | NT$35.50 | x |
| 2019-12-31 | NT$12.26 | NT$35.50 | x |
| 2020-12-31 | NT$12.65 | NT$35.50 | x |
| 2021-12-31 | NT$14.20 | NT$35.50 | x |
| 2022-12-31 | NT$11.03 | NT$35.50 | x |
| 2023-12-31 | NT$8.39 | NT$35.50 | x |
| 2024-12-31 | NT$13.54 | NT$35.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiin Ming Industry Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 65.96%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.22x
- Recent ROE (25.22%) is above the historical average (-9.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -19.26% | -23.69% | 0.55x | 1.47x | NT$-295.25 Million |
| 2018 | -20.71% | -24.07% | 0.62x | 1.39x | NT$-253.89 Million |
| 2019 | -9.14% | -6.83% | 0.79x | 1.70x | NT$-141.16 Million |
| 2020 | 1.61% | 1.01% | 0.93x | 1.71x | NT$-63.81 Million |
| 2021 | -3.56% | -2.29% | 0.71x | 2.19x | NT$-122.53 Million |
| 2022 | -16.82% | -13.53% | 0.57x | 2.17x | NT$-210.01 Million |
| 2023 | -29.75% | -22.91% | 0.62x | 2.10x | NT$-236.77 Million |
| 2024 | 25.22% | 65.96% | 0.31x | 1.22x | NT$177.26 Million |
Industry Comparison
This section compares Jiin Ming Industry Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiin Ming Industry Co Ltd (3230) | NT$960.91 Million | -19.26% | 0.36x | $94.64 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Jiin Ming Industry Co Ltd
Jiin Ming Industry Co., Ltd. provides design manufacturing services in Taiwan. The company offers precision milling machine processing solutions. It also offers mold design, hardware stamping, and surface treatment solutions. The company was founded in 1987 and is headquartered in Taoyuan, Taiwan.