Topco Technologies Net Assets
Topco Technologies net assets. Based on the latest financial reports, Topco Technologies (3388) has net assets worth NT$4.70 Billion TWD (≈ $148.11 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$7.41 Billion ≈ $233.60 Million USD) and total liabilities (NT$2.71 Billion ≈ $85.50 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 how fast is Topco Technologies growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.70 Billion |
| % of Total Assets | 63.4% |
| Annual Growth Rate | 5.13% |
| 5-Year Change | 6.94% |
| 10-Year Change | N/A |
| Growth Volatility | 5.67 |
Net Assets of Topco Technologies (2017–2025)
Net assets of Topco Technologies from 2017 to 2025. This chart illustrates how Topco Technologies's net assets have evolved over time, based on quarterly financial data. See 3388 equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Topco Technologies (2017–2025)
The table below shows the annual net assets of Topco Technologies from 2017 to 2025. For live market cap and overall valuation, see 3388 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.77 Billion ≈ $150.17 Million |
-1.65% |
| 2024-12-31 | NT$4.85 Billion ≈ $152.69 Million |
+8.18% |
| 2023-12-31 | NT$4.48 Billion ≈ $141.15 Million |
-3.85% |
| 2022-12-31 | NT$4.66 Billion ≈ $146.80 Million |
+4.55% |
| 2021-12-31 | NT$4.46 Billion ≈ $140.42 Million |
+7.44% |
| 2020-12-31 | NT$4.15 Billion ≈ $130.69 Million |
+5.82% |
| 2019-12-31 | NT$3.92 Billion ≈ $123.50 Million |
+15.84% |
| 2018-12-31 | NT$3.38 Billion ≈ $106.62 Million |
+5.93% |
| 2017-12-31 | NT$3.19 Billion ≈ $100.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Topco Technologies'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 49.9% over the analyzed period, indicating profitable operations and earnings retention.
Topco Technologies Net Assets Breakdown (December 2025)
Topco Technologies net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.18 Billion | 47.38% |
| Other Components | NT$2.43 Billion | 52.62% |
| Total Equity | NT$4.61 Billion | 100.00% |
Topco Technologies Competitors by Market Cap
The table below lists competitors of Topco Technologies ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
$170.57 Million |
|
Paiho Shih Holdings Corp
TW:8404
|
$170.67 Million |
|
Polytronics Technology Corp
TW:6224
|
$170.67 Million |
|
Richtech Robotics Inc. Class B Common Stock
NASDAQ:RR
|
$170.68 Million |
|
TrueBlue Inc
NYSE:TBI
|
$170.57 Million |
|
PTC India Financial Services Limited
NSE:PFS
|
$170.53 Million |
|
The Ruby Mills Limited
NSE:RUBYMILLS
|
$170.50 Million |
|
Krsnaa Diagnostics Limited
NSE:KRSNAA
|
$170.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topco Technologies's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,685,070,000 to 4,610,067,000, a change of -75,003,000 (-1.6%).
- Net income of 307,545,000 contributed positively to equity growth.
- Dividend payments of 259,218,000 reduced retained earnings.
- Other factors decreased equity by 123,330,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$307.55 Million | +6.67% |
| Dividends Paid | NT$259.22 Million | -5.62% |
| Other Changes | NT$-123.33 Million | -2.68% |
| Total Change | NT$- | -1.60% |
Book Value vs Market Value Analysis
This analysis compares Topco Technologies'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: 1.17x
- 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 1.55x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$47.06 | NT$73.10 | x |
| 2018-12-31 | NT$50.78 | NT$73.10 | x |
| 2019-12-31 | NT$51.18 | NT$73.10 | x |
| 2020-12-31 | NT$54.09 | NT$73.10 | x |
| 2021-12-31 | NT$58.19 | NT$73.10 | x |
| 2022-12-31 | NT$61.00 | NT$73.10 | x |
| 2023-12-31 | NT$58.54 | NT$73.10 | x |
| 2024-12-31 | NT$63.26 | NT$73.10 | x |
| 2025-12-31 | NT$62.25 | NT$73.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topco Technologies 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): 6.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.18%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.45x
- Recent ROE (6.67%) is below the historical average (9.86%), 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 | 11.42% | 4.56% | 1.65x | 1.52x | NT$43.66 Million |
| 2018 | 14.24% | 5.42% | 1.73x | 1.52x | NT$137.97 Million |
| 2019 | 9.91% | 4.84% | 1.46x | 1.41x | NT$-3.28 Million |
| 2020 | 9.84% | 4.98% | 1.38x | 1.43x | NT$-6.34 Million |
| 2021 | 13.81% | 6.31% | 1.48x | 1.47x | NT$164.41 Million |
| 2022 | 10.32% | 5.36% | 1.31x | 1.47x | NT$14.65 Million |
| 2023 | 6.02% | 3.72% | 1.08x | 1.49x | NT$-172.76 Million |
| 2024 | 6.47% | 4.01% | 1.11x | 1.45x | NT$-165.30 Million |
| 2025 | 6.67% | 4.18% | 1.10x | 1.45x | NT$-153.46 Million |
Industry Comparison
This section compares Topco Technologies's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $79,102,671,100
- Average return on equity (ROE) among peers: 2.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topco Technologies (3388) | NT$4.70 Billion | 11.42% | 0.58x | $170.57 Million |
| Formosa Plastics Corp (1301) | $403.19 Billion | 17.70% | 0.35x | $13.78 Billion |
| Nan Ya Plastics Corp (1303) | $303.12 Billion | 19.48% | 0.58x | $67.71 Billion |
| USI Corp (1304) | $24.30 Billion | 9.12% | 1.05x | $398.64 Million |
| China General Plastics Corp (1305) | $4.59 Billion | -7.19% | 1.20x | $213.27 Million |
| Asia Polymer Corp (1308) | $3.45 Billion | 0.00% | 0.21x | $243.18 Million |
| Taita Chemical Co Ltd (1309) | $3.99 Billion | 5.21% | 1.19x | $153.45 Million |
| China Petrochemical Development Corp (1314) | $31.87 Billion | -4.49% | 0.43x | $932.48 Million |
| Ocean Plastics Co Ltd (1321) | $2.68 Billion | 2.97% | 0.70x | $238.83 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $5.79 Billion | -22.96% | 0.13x | $33.56 Million |
| Everlight Chemical Industrial Corp (1711) | $8.04 Billion | 4.56% | 0.71x | $603.14 Million |
About Topco Technologies
Topco Technologies Corp. engages in the distribution and sales of silicone products in Taiwan and internationally. It provides silicone and modifies silicone oil, foaming and release agent, fiber treatment agent, defoamer, cosmetic raw material, and water-based and paint additive; and anti-fouling additive, paper release agent, flameretardant, silicone PSA and resin, coupling agent, organic silic… Read more