Tung Thih Electronic Co Ltd
Tung Thih Electronic Co., Ltd., together with its subsidiaries, researches, develops, designs, manufactures, and sells automotive electronics products in Taiwan, rest of Asia, the United States, Europe, and Australia. The company offers ultrasonic parking assistance systems, vehicle anti-theft devices, car door lock actuators, interior rear mirror system with multiple functions, car video systems… Read more
Tung Thih Electronic Co Ltd (3552) - Net Assets
Latest net assets as of September 2025: NT$4.21 Billion TWD
Based on the latest financial reports, Tung Thih Electronic Co Ltd (3552) has net assets worth NT$4.21 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$9.97 Billion) and total liabilities (NT$5.76 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.21 Billion |
| % of Total Assets | 42.22% |
| Annual Growth Rate | 13.58% |
| 5-Year Change | 26.27% |
| 10-Year Change | 19.35% |
| Growth Volatility | 18.08 |
Tung Thih Electronic Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Tung Thih Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tung Thih Electronic Co Ltd (2006–2024)
The table below shows the annual net assets of Tung Thih Electronic Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.45 Billion | +3.02% |
| 2023-12-31 | NT$4.32 Billion | +0.23% |
| 2022-12-31 | NT$4.31 Billion | +12.45% |
| 2021-12-31 | NT$3.83 Billion | +8.74% |
| 2020-12-31 | NT$3.52 Billion | +9.20% |
| 2019-12-31 | NT$3.22 Billion | -8.13% |
| 2018-12-31 | NT$3.51 Billion | -12.52% |
| 2017-12-31 | NT$4.01 Billion | -5.08% |
| 2016-12-31 | NT$4.23 Billion | +13.47% |
| 2015-12-31 | NT$3.73 Billion | +13.79% |
| 2014-12-31 | NT$3.27 Billion | +19.88% |
| 2013-12-31 | NT$2.73 Billion | +30.79% |
| 2012-12-31 | NT$2.09 Billion | +9.49% |
| 2011-12-31 | NT$1.91 Billion | +7.48% |
| 2010-12-31 | NT$1.77 Billion | +53.78% |
| 2009-12-31 | NT$1.15 Billion | +38.60% |
| 2008-12-31 | NT$832.45 Million | +23.20% |
| 2007-12-31 | NT$675.72 Million | +50.46% |
| 2006-12-31 | NT$449.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tung Thih Electronic 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 1993.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.75 Billion | 39.40% |
| Other Components | NT$2.69 Billion | 60.60% |
| Total Equity | NT$4.45 Billion | 100.00% |
Tung Thih Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Tung Thih Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Taihe Water Environmental Technology Development Co Ltd
SHG:605081
|
$101.51 Million |
|
Vieworks Co. Ltd
KQ:100120
|
$101.54 Million |
|
Rexon Industrial Corp Ltd
TW:1515
|
$101.55 Million |
|
Bank Jabar
JK:BJBR
|
$101.58 Million |
|
Borosil Limited
NSE:BOROLTD
|
$101.49 Million |
|
Vakif Finansal Kiralama AS
IS:VAKFN
|
$101.47 Million |
|
Well Shin Technology Co Ltd
TW:3501
|
$101.45 Million |
|
KVH Industries Inc
NASDAQ:KVHI
|
$101.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tung Thih Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,315,317,000 to 4,445,841,000, a change of 130,524,000 (3.0%).
- Net income of 144,929,000 contributed positively to equity growth.
- Dividend payments of 171,186,000 reduced retained earnings.
- Other comprehensive income decreased equity by 903,352,999.
- Other factors increased equity by 1,060,133,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$144.93 Million | +3.26% |
| Dividends Paid | NT$171.19 Million | -3.85% |
| Other Comprehensive Income | NT$-903.35 Million | -20.32% |
| Other Changes | NT$1.06 Billion | +23.85% |
| Total Change | NT$- | 3.02% |
Book Value vs Market Value Analysis
This analysis compares Tung Thih Electronic 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: 1.07x
- 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 6.25x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$7.79 | NT$48.70 | x |
| 2007-12-31 | NT$10.40 | NT$48.70 | x |
| 2008-12-31 | NT$12.40 | NT$48.70 | x |
| 2009-12-31 | NT$15.46 | NT$48.70 | x |
| 2010-12-31 | NT$22.50 | NT$48.70 | x |
| 2011-12-31 | NT$24.87 | NT$48.70 | x |
| 2012-12-31 | NT$27.28 | NT$48.70 | x |
| 2013-12-31 | NT$32.92 | NT$48.70 | x |
| 2014-12-31 | NT$39.15 | NT$48.70 | x |
| 2015-12-31 | NT$43.78 | NT$48.70 | x |
| 2016-12-31 | NT$49.62 | NT$48.70 | x |
| 2017-12-31 | NT$46.98 | NT$48.70 | x |
| 2018-12-31 | NT$41.01 | NT$48.70 | x |
| 2019-12-31 | NT$37.67 | NT$48.70 | x |
| 2020-12-31 | NT$41.13 | NT$48.70 | x |
| 2021-12-31 | NT$44.68 | NT$48.70 | x |
| 2022-12-31 | NT$50.18 | NT$48.70 | x |
| 2023-12-31 | NT$50.31 | NT$48.70 | x |
| 2024-12-31 | NT$45.40 | NT$48.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tung Thih Electronic 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): 3.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.70%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 2.43x
- Recent ROE (3.26%) is below the historical average (12.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.27% | 6.36% | 0.93x | 2.42x | NT$19.19 Million |
| 2007 | 16.82% | 8.05% | 0.87x | 2.41x | NT$46.10 Million |
| 2008 | 11.62% | 5.53% | 0.86x | 2.43x | NT$13.50 Million |
| 2009 | 21.37% | 9.84% | 0.96x | 2.26x | NT$131.19 Million |
| 2010 | 20.57% | 10.76% | 0.95x | 2.00x | NT$187.56 Million |
| 2011 | 14.89% | 8.22% | 0.83x | 2.19x | NT$93.28 Million |
| 2012 | 14.28% | 7.45% | 0.91x | 2.11x | NT$89.43 Million |
| 2013 | 14.87% | 9.00% | 0.83x | 1.98x | NT$132.95 Million |
| 2014 | 14.53% | 9.25% | 0.78x | 2.02x | NT$148.46 Million |
| 2015 | 21.22% | 11.23% | 0.84x | 2.25x | NT$417.80 Million |
| 2016 | 28.48% | 12.20% | 1.02x | 2.28x | NT$780.93 Million |
| 2017 | 10.71% | 5.50% | 0.83x | 2.35x | NT$28.65 Million |
| 2018 | -7.44% | -3.51% | 0.84x | 2.52x | NT$-611.93 Million |
| 2019 | -5.93% | -2.63% | 0.79x | 2.84x | NT$-513.59 Million |
| 2020 | 7.92% | 3.93% | 0.75x | 2.68x | NT$-73.07 Million |
| 2021 | 12.16% | 5.55% | 0.82x | 2.66x | NT$82.74 Million |
| 2022 | 14.35% | 6.50% | 0.93x | 2.37x | NT$187.26 Million |
| 2023 | 8.94% | 3.89% | 0.94x | 2.44x | NT$-45.61 Million |
| 2024 | 3.26% | 1.70% | 0.79x | 2.43x | NT$-299.66 Million |
Industry Comparison
This section compares Tung Thih Electronic Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tung Thih Electronic Co Ltd (3552) | NT$4.21 Billion | 14.27% | 1.37x | $101.51 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |