Haiwan International Development Co Ltd (3252) - Net Assets
Based on the latest financial reports, Haiwan International Development Co Ltd (3252) has net assets worth NT$1.99 Billion TWD (≈ $62.80 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$3.87 Billion ≈ $121.79 Million USD) and total liabilities (NT$1.87 Billion ≈ $58.99 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 3252 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.99 Billion |
| % of Total Assets | 51.56% |
| Annual Growth Rate | 2.55% |
| 5-Year Change | 0.07% |
| 10-Year Change | N/A |
| Growth Volatility | 10.94 |
Haiwan International Development Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Haiwan International Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Haiwan International Development Co Ltd (3252) total assets for the complete picture of this company's asset base.
Annual Net Assets for Haiwan International Development Co Ltd (2017–2024)
The table below shows the annual net assets of Haiwan International Development Co Ltd from 2017 to 2024. For live valuation and market cap data, see Haiwan International Development Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.98 Billion ≈ $62.39 Million |
-0.92% |
| 2023-12-31 | NT$2.00 Billion ≈ $62.97 Million |
+0.42% |
| 2022-12-31 | NT$1.99 Billion ≈ $62.71 Million |
-1.10% |
| 2021-12-31 | NT$2.01 Billion ≈ $63.40 Million |
+1.69% |
| 2020-12-31 | NT$1.98 Billion ≈ $62.35 Million |
-4.65% |
| 2019-12-31 | NT$2.08 Billion ≈ $65.38 Million |
-3.42% |
| 2018-12-31 | NT$2.15 Billion ≈ $67.70 Million |
+29.42% |
| 2017-12-31 | NT$1.66 Billion ≈ $52.31 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Haiwan International 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 6.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.14 Billion | 58.49% |
| Other Components | NT$812.67 Million | 41.51% |
| Total Equity | NT$1.96 Billion | 100.00% |
Haiwan International Development Co Ltd Competitors by Market Cap
The table below lists competitors of Haiwan International Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Reviva Pharmaceuticals Holdings Inc.
NASDAQ:RVPH
|
$30.45 Million |
|
Allwin Telecommunication Co Ltd
SHE:002231
|
$30.45 Million |
|
Unite Group PLC
LSE:UTG
|
$30.45 Million |
|
Axita Cotton Limited
NSE:AXITA
|
$30.46 Million |
|
111 Inc
NASDAQ:YI
|
$30.40 Million |
|
Trajectory Alpha Acquisition Corp
NYSE:TCOA
|
$30.40 Million |
|
Yong Shun Chemical Co Ltd
TWO:4711
|
$30.39 Million |
|
Atec T& Co. Ltd
KQ:224110
|
$30.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haiwan International Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,972,973,000 to 1,957,533,000, a change of -15,440,000 (-0.8%).
- Net loss of 15,440,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-15.44 Million | -0.79% |
| Total Change | NT$- | -0.78% |
Book Value vs Market Value Analysis
This analysis compares Haiwan International 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: 0.49x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.38x to 0.49x 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$51.03 | NT$19.25 | x |
| 2018-12-31 | NT$42.31 | NT$19.25 | x |
| 2019-12-31 | NT$40.83 | NT$19.25 | x |
| 2020-12-31 | NT$38.99 | NT$19.25 | x |
| 2021-12-31 | NT$39.70 | NT$19.25 | x |
| 2022-12-31 | NT$39.29 | NT$19.25 | x |
| 2023-12-31 | NT$39.31 | NT$19.25 | x |
| 2024-12-31 | NT$39.00 | NT$19.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haiwan International Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.00%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.98x
- Recent ROE (-0.79%) is below the historical average (-0.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -3.54% | -16.48% | 0.09x | 2.37x | NT$-225.27 Million |
| 2018 | 5.45% | 10.92% | 0.29x | 1.74x | NT$-96.54 Million |
| 2019 | -2.39% | -15.58% | 0.08x | 1.84x | NT$-253.90 Million |
| 2020 | -4.72% | -32.67% | 0.07x | 1.94x | NT$-288.13 Million |
| 2021 | 1.79% | 8.01% | 0.11x | 2.05x | NT$-163.59 Million |
| 2022 | 0.23% | 0.80% | 0.15x | 2.00x | NT$-192.65 Million |
| 2023 | 0.03% | 0.10% | 0.14x | 1.96x | NT$-196.78 Million |
| 2024 | -0.79% | -3.00% | 0.13x | 1.98x | NT$-211.19 Million |
Industry Comparison
This section compares Haiwan International Development Co Ltd's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $1,692,142,000
- Average return on equity (ROE) among peers: 2.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haiwan International Development Co Ltd (3252) | NT$1.99 Billion | -3.54% | 0.94x | $30.44 Million |
| FarGlory Hotel Co Ltd (2712) | $976.94 Million | 9.60% | 0.91x | $59.05 Million |
| Chateau International Development Co Ltd (2722) | $702.35 Million | 0.17% | 0.62x | $105.10 Million |
| Nan Ren Hu Leisure Amusement Co Ltd (5905) | $3.40 Billion | -1.10% | 1.42x | $70.54 Million |
About Haiwan International Development Co Ltd
Haiwan International Development Co., Ltd engages in the residential building development business in Taiwan. It engages in land development and real estate trading business; parking lot rental business; and provides hotel and restaurant services and catering services, and labor services. The company was formerly known as Haewan International Development Co., Ltd and changed its name to Haiwan In… Read more