Tradetool Auto Co Ltd (3685) - Net Assets
Based on the latest financial reports, Tradetool Auto Co Ltd (3685) has net assets worth NT$1.19 Billion TWD (≈ $37.50 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$2.10 Billion ≈ $66.17 Million USD) and total liabilities (NT$910.17 Million ≈ $28.68 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 how resilient are Tradetool Auto Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.19 Billion |
| % of Total Assets | 56.67% |
| Annual Growth Rate | 3.82% |
| 5-Year Change | -0.23% |
| 10-Year Change | N/A |
| Growth Volatility | 9.64 |
Tradetool Auto Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Tradetool Auto Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tradetool Auto Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tradetool Auto Co Ltd (2017–2024)
The table below shows the annual net assets of Tradetool Auto Co Ltd from 2017 to 2024. For live valuation and market cap data, see 3685 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.37 Billion ≈ $43.07 Million |
-0.97% |
| 2023-12-31 | NT$1.38 Billion ≈ $43.49 Million |
-5.65% |
| 2022-12-31 | NT$1.46 Billion ≈ $46.10 Million |
+9.47% |
| 2021-12-31 | NT$1.34 Billion ≈ $42.11 Million |
-2.46% |
| 2020-12-31 | NT$1.37 Billion ≈ $43.17 Million |
+13.93% |
| 2019-12-31 | NT$1.20 Billion ≈ $37.89 Million |
+20.66% |
| 2018-12-31 | NT$996.79 Million ≈ $31.40 Million |
-5.21% |
| 2017-12-31 | NT$1.05 Billion ≈ $33.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tradetool Auto 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 174.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$843.06 Million | 105.23% |
| Total Equity | NT$801.15 Million | 100.00% |
Tradetool Auto Co Ltd Competitors by Market Cap
The table below lists competitors of Tradetool Auto Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
European Residential Real Estate Investment Trust
TO:ERE-UN
|
$79.47 Million |
|
Eksun Gida Tarim Sanayi ve Ticaret A.S.
IS:EKSUN
|
$79.56 Million |
|
Viet Nam Fumigation JSC
VN:VFG
|
$79.56 Million |
|
Meditera Tibbi Malzeme Sanayi ve Ticaret AS
IS:MEDTR
|
$79.59 Million |
|
J W Mays Inc
NASDAQ:MAYS
|
$79.46 Million |
|
meerecompany Incorporated
KQ:049950
|
$79.45 Million |
|
Biodesix Inc
NASDAQ:BDSX
|
$79.44 Million |
|
Loxley Public Company Limited
F:NVAI
|
$79.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tradetool Auto Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 830,849,000 to 801,153,000, a change of -29,696,000 (-3.6%).
- Net loss of 41,906,000 reduced equity.
- Other factors increased equity by 12,210,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-41.91 Million | -5.23% |
| Other Changes | NT$12.21 Million | +1.52% |
| Total Change | NT$- | -3.57% |
Book Value vs Market Value Analysis
This analysis compares Tradetool Auto 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: 3.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.41x to 3.15x 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$13.15 | NT$31.70 | x |
| 2018-12-31 | NT$12.51 | NT$31.70 | x |
| 2019-12-31 | NT$12.03 | NT$31.70 | x |
| 2020-12-31 | NT$12.02 | NT$31.70 | x |
| 2021-12-31 | NT$11.84 | NT$31.70 | x |
| 2022-12-31 | NT$11.33 | NT$31.70 | x |
| 2023-12-31 | NT$10.44 | NT$31.70 | x |
| 2024-12-31 | NT$10.07 | NT$31.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tradetool Auto Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.36%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.76x
- Recent ROE (-5.23%) is below the historical average (-0.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.66% | 9.68% | 0.19x | 1.43x | NT$-77.17 Million |
| 2018 | 10.24% | 8.65% | 0.67x | 1.75x | NT$2.39 Million |
| 2019 | 2.08% | 2.16% | 0.49x | 1.97x | NT$-75.78 Million |
| 2020 | 0.82% | 0.81% | 0.42x | 2.42x | NT$-87.83 Million |
| 2021 | 0.40% | 0.25% | 0.63x | 2.52x | NT$-90.44 Million |
| 2022 | -6.63% | -3.86% | 0.58x | 2.94x | NT$-149.97 Million |
| 2023 | -7.37% | -4.03% | 0.63x | 2.89x | NT$-144.29 Million |
| 2024 | -5.23% | -3.36% | 0.56x | 2.76x | NT$-122.02 Million |
Industry Comparison
This section compares Tradetool Auto Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,652,066,900
- Average return on equity (ROE) among peers: -0.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tradetool Auto Co Ltd (3685) | NT$1.19 Billion | 2.66% | 0.76x | $79.47 Million |
| Tong Yang Industry Co Ltd (1319) | $22.36 Billion | 3.67% | 0.59x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.63 Billion | 11.82% | 0.50x | $33.99 Million |
| Hiroca Holdings Ltd (1338) | $6.66 Billion | 6.02% | 0.52x | $41.60 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.35 Billion | 2.60% | 1.04x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $184.74 Million | -69.38% | 11.01x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.73 Billion | 4.76% | 0.96x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $3.16 Billion | 2.70% | 1.35x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.53 Billion | 13.32% | 1.15x | $146.61 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $146.38 Million |
About Tradetool Auto Co Ltd
Tradetool Auto Co., Ltd. manufactures and sells metal stamping parts in Taiwan, China, and internationally. It also offers automotive optics parts, such as the light guide plates, frames, auto motive LENs, automotive lamp assembly, and welding parts, as well as develops and sells related tooling. In addition, the company installs, operates, and maintains self-use renewable energy generation equip… Read more