Hsin-Sin Textile Co Ltd (4406) - Net Assets
Based on the latest financial reports, Hsin-Sin Textile Co Ltd (4406) has net assets worth NT$541.20 Million TWD (≈ $17.05 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$872.55 Million ≈ $27.49 Million USD) and total liabilities (NT$331.35 Million ≈ $10.44 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 asset resilience ratio of Hsin-Sin Textile Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$541.20 Million |
| % of Total Assets | 62.03% |
| Annual Growth Rate | 0.26% |
| 5-Year Change | 5.7% |
| 10-Year Change | N/A |
| Growth Volatility | 10.28 |
Hsin-Sin Textile Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Hsin-Sin Textile Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Hsin-Sin Textile Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Hsin-Sin Textile Co Ltd (2017–2024)
The table below shows the annual net assets of Hsin-Sin Textile Co Ltd from 2017 to 2024. For live valuation and market cap data, see Hsin-Sin Textile Co Ltd (4406) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$586.61 Million ≈ $18.48 Million |
-5.71% |
| 2023-12-31 | NT$622.17 Million ≈ $19.60 Million |
-7.54% |
| 2022-12-31 | NT$672.89 Million ≈ $21.20 Million |
+11.08% |
| 2021-12-31 | NT$605.78 Million ≈ $19.09 Million |
+9.16% |
| 2020-12-31 | NT$554.97 Million ≈ $17.48 Million |
-15.00% |
| 2019-12-31 | NT$652.87 Million ≈ $20.57 Million |
-1.37% |
| 2018-12-31 | NT$661.98 Million ≈ $20.86 Million |
+14.90% |
| 2017-12-31 | NT$576.13 Million ≈ $18.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hsin-Sin Textile 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 4043.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$702.39 Million | 119.74% |
| Total Equity | NT$586.61 Million | 100.00% |
Hsin-Sin Textile Co Ltd Competitors by Market Cap
The table below lists competitors of Hsin-Sin Textile Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyterra Ltd
AU:HYT
|
$16.52 Million |
|
Sigmaroc PLC
LSE:SRC
|
$16.53 Million |
|
Alumindo Light Metal Industry
JK:ALMI
|
$16.55 Million |
|
Yong Tai Bhd
KLSE:7066
|
$16.55 Million |
|
Ashmore Group Plc
LSE:ASHM
|
$16.52 Million |
|
Astral Asia Bhd
KLSE:7054
|
$16.51 Million |
|
Indian Terrain Fashions Limited
NSE:INDTERRAIN
|
$16.51 Million |
|
Motorsport Gaming Us LLC
NASDAQ:MSGM
|
$16.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hsin-Sin Textile Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 622,170,000 to 586,614,000, a change of -35,556,000 (-5.7%).
- Net loss of 37,855,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-37.85 Million | -6.45% |
| Other Changes | NT$2.30 Million | +0.39% |
| Total Change | NT$- | -5.71% |
Book Value vs Market Value Analysis
This analysis compares Hsin-Sin Textile 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: 0.89x
- 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$11.10 | NT$10.10 | x |
| 2018-12-31 | NT$12.75 | NT$10.10 | x |
| 2019-12-31 | NT$12.58 | NT$10.10 | x |
| 2020-12-31 | NT$10.69 | NT$10.10 | x |
| 2021-12-31 | NT$11.67 | NT$10.10 | x |
| 2022-12-31 | NT$12.96 | NT$10.10 | x |
| 2023-12-31 | NT$11.99 | NT$10.10 | x |
| 2024-12-31 | NT$11.30 | NT$10.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hsin-Sin Textile Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.45%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.53x
- Recent ROE (-6.45%) is below the historical average (-1.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -0.31% | -0.25% | 0.88x | 1.40x | NT$-59.39 Million |
| 2018 | -0.67% | -0.57% | 0.86x | 1.38x | NT$-70.66 Million |
| 2019 | -1.83% | -1.91% | 0.70x | 1.38x | NT$-77.25 Million |
| 2020 | -8.81% | -13.25% | 0.47x | 1.42x | NT$-104.41 Million |
| 2021 | 2.83% | 3.47% | 0.58x | 1.40x | NT$-43.45 Million |
| 2022 | 3.06% | 3.61% | 0.66x | 1.29x | NT$-46.70 Million |
| 2023 | -3.24% | -4.93% | 0.46x | 1.44x | NT$-82.39 Million |
| 2024 | -6.45% | -8.45% | 0.50x | 1.53x | NT$-96.52 Million |
Industry Comparison
This section compares Hsin-Sin Textile Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $22,148,862,600
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsin-Sin Textile Co Ltd (4406) | NT$541.20 Million | -0.31% | 0.61x | $16.52 Million |
| San Fang Chemical Industry Co Ltd (1307) | $7.65 Billion | 1.52% | 0.93x | $397.31 Million |
| Universal Inc (1325) | $1.60 Billion | 11.31% | 0.14x | $70.39 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.27 Billion | 23.39% | 0.86x | $101.90 Million |
| Cathay Consolidated Inc (1342) | $936.36 Million | 19.28% | 0.62x | $229.70 Million |
| Far Eastern New Century Corp (1402) | $171.83 Billion | 5.07% | 0.97x | $4.34 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $32.72 Billion | 2.29% | 2.96x | $854.13 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 7.34% | 0.21x | $53.81 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $1.23 Billion | 8.07% | 1.17x | $39.67 Million |
| Tung Ho Textile Co Ltd (1414) | $1.80 Billion | 0.00% | 2.40x | $103.86 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $1.20 Billion | -3.01% | 1.03x | $32.85 Million |
About Hsin-Sin Textile Co Ltd
Hsin Sin Textile Co., Ltd. engages in the manufacturing, processing, and trading of processed yarn, twisted yarn, and other products under the Yu Shan Long brand in Taiwan. The company offers wooly stretch, set, air entangling, high count, high stretch, non-torque, thick and thin, color textured, single discat, and wormy yarn; micro fiber; modified polyester; and soft package microfiber. It also … Read more