Toplus Global Co Ltd (3522) - Net Assets
Based on the latest financial reports, Toplus Global Co Ltd (3522) has net assets worth NT$472.74 Million TWD (≈ $14.89 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$2.16 Billion ≈ $68.10 Million USD) and total liabilities (NT$1.69 Billion ≈ $53.20 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 Toplus Global Co Ltd (3522) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$472.74 Million |
| % of Total Assets | 21.87% |
| Annual Growth Rate | -5.57% |
| 5-Year Change | -26.51% |
| 10-Year Change | N/A |
| Growth Volatility | 66.69 |
Toplus Global Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Toplus Global Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 3522 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Toplus Global Co Ltd (2015–2024)
The table below shows the annual net assets of Toplus Global Co Ltd from 2015 to 2024. For live valuation and market cap data, see market cap of Toplus Global Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$621.53 Million ≈ $19.58 Million |
-17.10% |
| 2023-12-31 | NT$749.74 Million ≈ $23.62 Million |
+184.55% |
| 2022-12-31 | NT$263.48 Million ≈ $8.30 Million |
-28.93% |
| 2021-12-31 | NT$370.74 Million ≈ $11.68 Million |
-56.16% |
| 2020-12-31 | NT$845.72 Million ≈ $26.64 Million |
-35.52% |
| 2019-12-31 | NT$1.31 Billion ≈ $41.32 Million |
-10.36% |
| 2018-12-31 | NT$1.46 Billion ≈ $46.10 Million |
-4.59% |
| 2017-12-31 | NT$1.53 Billion ≈ $48.32 Million |
+21.95% |
| 2016-12-31 | NT$1.26 Billion ≈ $39.62 Million |
+20.73% |
| 2015-12-31 | NT$1.04 Billion ≈ $32.82 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Toplus Global 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 decreased by 221.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$861.39 Million | 144.54% |
| Total Equity | NT$595.94 Million | 100.00% |
Toplus Global Co Ltd Competitors by Market Cap
The table below lists competitors of Toplus Global Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ecocab Co. Ltd
KQ:128540
|
$33.38 Million |
|
Gapwaves AB Series B
ST:GAPW-B
|
$33.38 Million |
|
Green Plus Co. Ltd
KQ:186230
|
$33.39 Million |
|
Kartal Yenilenebilir Enerji Uretim AS
IS:KARYE
|
$33.43 Million |
|
Sungwoo Electronics Co. Ltd
KQ:081580
|
$33.34 Million |
|
Danhua Chemical Technology Co Ltd B
SHG:900921
|
$33.33 Million |
|
Alternative Investment Trust
AU:AIQ
|
$33.32 Million |
|
Viscom AG
XETRA:V6C
|
$33.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toplus Global Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 747,525,000 to 595,938,000, a change of -151,587,000 (-20.3%).
- Net loss of 189,006,000 reduced equity.
- Other comprehensive income decreased equity by 9,434,000.
- Other factors increased equity by 46,853,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-189.01 Million | -31.72% |
| Other Comprehensive Income | NT$-9.43 Million | -1.58% |
| Other Changes | NT$46.85 Million | +7.86% |
| Total Change | NT$- | -20.28% |
Book Value vs Market Value Analysis
This analysis compares Toplus Global 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: 1.81x
- 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 0.35x to 1.81x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$35.93 | NT$12.60 | x |
| 2017-12-31 | NT$33.64 | NT$12.60 | x |
| 2018-12-31 | NT$31.34 | NT$12.60 | x |
| 2019-12-31 | NT$29.40 | NT$12.60 | x |
| 2020-12-31 | NT$18.91 | NT$12.60 | x |
| 2021-12-31 | NT$8.31 | NT$12.60 | x |
| 2022-12-31 | NT$5.90 | NT$12.60 | x |
| 2023-12-31 | NT$13.85 | NT$12.60 | x |
| 2024-12-31 | NT$6.97 | NT$12.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toplus Global Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.00%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.91x
- Recent ROE (-31.72%) is below the historical average (-29.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -5.35% | -3.67% | 0.78x | 1.87x | NT$-159.86 Million |
| 2016 | -3.35% | -3.53% | 0.68x | 1.40x | NT$-167.77 Million |
| 2017 | -6.52% | -6.47% | 0.57x | 1.77x | NT$-239.77 Million |
| 2018 | 1.63% | 1.58% | 0.67x | 1.54x | NT$-119.39 Million |
| 2019 | -13.66% | -15.15% | 0.34x | 2.62x | NT$-310.36 Million |
| 2020 | -52.11% | -45.36% | 0.32x | 3.55x | NT$-524.14 Million |
| 2021 | -127.32% | -76.96% | 0.29x | 5.61x | NT$-509.08 Million |
| 2022 | -39.72% | -16.00% | 0.39x | 6.38x | NT$-131.02 Million |
| 2023 | -14.84% | -15.11% | 0.34x | 2.89x | NT$-185.71 Million |
| 2024 | -31.72% | -21.00% | 0.39x | 3.91x | NT$-248.60 Million |
Industry Comparison
This section compares Toplus Global Co Ltd's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $2,025,836,200
- Average return on equity (ROE) among peers: 13.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toplus Global Co Ltd (3522) | NT$472.74 Million | -5.35% | 3.57x | $33.34 Million |
| An-Shin Food Services Co Ltd (1259) | $2.09 Billion | 4.75% | 1.53x | $58.78 Million |
| Hi-Lai Foods Co Ltd (1268) | $1.06 Billion | 17.06% | 1.29x | $206.19 Million |
| Gourmet Master Co Ltd (2723) | $6.27 Billion | 9.15% | 0.41x | $360.11 Million |
| Yummy Town Cayman Holdings (2726) | $532.09 Million | 13.64% | 1.54x | $12.71 Million |
| Wowprime Corp (2727) | $4.96 Billion | 14.19% | 0.94x | $591.28 Million |
| TTFB Co Ltd (2729) | $443.74 Million | 37.45% | 0.59x | $222.30 Million |
| Mr. Onion (2740) | $196.16 Million | -31.10% | 0.26x | $18.54 Million |
| Tofu Restaurant Co Ltd (2752) | $441.50 Million | 26.09% | 0.34x | $156.01 Million |
| Bafang Yunji Intl Co Ltd (2753) | $3.82 Billion | 15.78% | 0.76x | $372.69 Million |
| Kura Sushi Asia Co Ltd (2754) | $444.43 Million | 24.12% | 0.68x | $101.59 Million |
About Toplus Global Co Ltd
Toplus Global Co., Ltd. engages in the food and beverage business in Taiwan. It owns and operates seafood restaurants under the DingXian brand; and wedding halls and marine manor under the AmazingHall brand name. The company also offers catering service operation and management, travel and hotel management, festive integrated services and food and sundry goods wholesale. Toplus Global Co., Ltd. w… Read more