Rossmax International Ltd (4121) - Net Assets
Based on the latest financial reports, Rossmax International Ltd (4121) has net assets worth NT$1.98 Billion TWD (≈ $62.50 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.21 Billion ≈ $132.58 Million USD) and total liabilities (NT$2.22 Billion ≈ $70.08 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 tangible net worth ratio of Rossmax International Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.98 Billion |
| % of Total Assets | 47.14% |
| Annual Growth Rate | 4.91% |
| 5-Year Change | 11.48% |
| 10-Year Change | N/A |
| Growth Volatility | 9.58 |
Rossmax International Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Rossmax International Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Rossmax International Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Rossmax International Ltd (2017–2025)
The table below shows the annual net assets of Rossmax International Ltd from 2017 to 2025. For live valuation and market cap data, see Rossmax International Ltd (4121) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.98 Billion ≈ $62.50 Million |
-5.02% |
| 2024-12-31 | NT$2.09 Billion ≈ $65.81 Million |
+12.84% |
| 2023-12-31 | NT$1.85 Billion ≈ $58.32 Million |
-4.80% |
| 2022-12-31 | NT$1.94 Billion ≈ $61.26 Million |
+9.27% |
| 2021-12-31 | NT$1.78 Billion ≈ $56.06 Million |
+7.20% |
| 2020-12-31 | NT$1.66 Billion ≈ $52.30 Million |
+24.67% |
| 2019-12-31 | NT$1.33 Billion ≈ $41.95 Million |
-0.72% |
| 2018-12-31 | NT$1.34 Billion ≈ $42.25 Million |
-0.84% |
| 2017-12-31 | NT$1.35 Billion ≈ $42.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Rossmax International 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 13.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$313.56 Million | 22.24% |
| Other Components | NT$1.10 Billion | 77.76% |
| Total Equity | NT$1.41 Billion | 100.00% |
Rossmax International Ltd Competitors by Market Cap
The table below lists competitors of Rossmax International Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wiseway Group Ltd
AU:WWG
|
$35.33 Million |
|
Sol Strategies Inc. Common Shares
NASDAQ:STKE
|
$35.35 Million |
|
Osangjaiel Co. Ltd
KQ:053980
|
$35.36 Million |
|
Manx Financial Group PLC
F:3IM
|
$35.36 Million |
|
Sunstone Metals Ltd
AU:STM
|
$35.32 Million |
|
Halcyon Technology Public Company Limited
BK:HTECH
|
$35.30 Million |
|
Heimstaden AB Pfd.
ST:HEIM-PREF
|
$35.30 Million |
|
New Palace International Co Ltd
TW:8940
|
$35.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rossmax International Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,482,968,000 to 1,410,134,000, a change of -72,834,000 (-4.9%).
- Net loss of 29,897,000 reduced equity.
- Share repurchases of 42,417,000 reduced equity.
- New share issuances of 1,056,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-29.90 Million | -2.12% |
| Share Repurchases | NT$42.42 Million | -3.01% |
| Share Issuances | NT$1.06 Million | +0.07% |
| Other Changes | NT$-1.58 Million | -0.11% |
| Total Change | NT$- | -4.91% |
Book Value vs Market Value Analysis
This analysis compares Rossmax International 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: 0.80x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$15.39 | NT$13.55 | x |
| 2018-12-31 | NT$15.19 | NT$13.55 | x |
| 2019-12-31 | NT$15.16 | NT$13.55 | x |
| 2020-12-31 | NT$18.13 | NT$13.55 | x |
| 2021-12-31 | NT$17.03 | NT$13.55 | x |
| 2022-12-31 | NT$18.21 | NT$13.55 | x |
| 2023-12-31 | NT$17.00 | NT$13.55 | x |
| 2024-12-31 | NT$17.36 | NT$13.55 | x |
| 2025-12-31 | NT$17.04 | NT$13.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rossmax International Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.79%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 2.98x
- Recent ROE (-2.12%) is below the historical average (3.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.43% | 0.88% | 1.31x | 2.12x | NT$-86.01 Million |
| 2018 | 1.48% | 0.54% | 1.35x | 2.05x | NT$-95.56 Million |
| 2019 | 2.30% | 0.83% | 1.01x | 2.74x | NT$-86.20 Million |
| 2020 | 10.10% | 3.68% | 1.10x | 2.50x | NT$1.33 Million |
| 2021 | 7.70% | 2.82% | 1.05x | 2.60x | NT$-33.19 Million |
| 2022 | 10.97% | 3.92% | 1.09x | 2.57x | NT$15.00 Million |
| 2023 | -0.46% | -0.17% | 0.93x | 2.83x | NT$-151.04 Million |
| 2024 | -1.98% | -0.76% | 0.91x | 2.85x | NT$-177.64 Million |
| 2025 | -2.12% | -0.79% | 0.90x | 2.98x | NT$-170.91 Million |
Industry Comparison
This section compares Rossmax International Ltd's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $2,161,665,222
- Average return on equity (ROE) among peers: 16.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rossmax International Ltd (4121) | NT$1.98 Billion | 2.43% | 1.12x | $35.33 Million |
| Hi-Clearance (1788) | $2.30 Billion | 15.13% | 0.93x | $183.75 Million |
| Radiant Innovation (3373) | $1.35 Billion | 54.68% | 0.43x | $25.20 Million |
| Wellell Inc (4106) | $1.28 Billion | 16.57% | 0.29x | $74.39 Million |
| United Orthopedic (4129) | $2.93 Billion | 3.02% | 0.79x | $276.18 Million |
| Dynamic Medical Technologies (4138) | $1.43 Billion | 7.33% | 0.41x | $65.17 Million |
| Ok Biotech Co Ltd (4155) | $2.40 Billion | 0.12% | 0.28x | $68.03 Million |
| Bioptik Technology (4161) | $717.83 Million | 6.76% | 1.11x | $43.53 Million |
| AViTA Corporation (4735) | $422.85 Million | 23.37% | 1.55x | $37.55 Million |
| TAIDOC TECHNOLOGY CORP (4736) | $6.62 Billion | 22.98% | 0.38x | $373.31 Million |
About Rossmax International Ltd
Rossmax International Ltd. develops and supplies healthcare products and solutions. The company offers body fat monitors and scales that are used to measure body fat, body mass index, lean mass, muscle mass, and water ratio along with body weight; blood pressure monitors; sphygmomanometer, a device that measures blood pressure; stethoscope, an acoustic medical device for auscultation, or listenin… Read more