WINSON Machinery Co Ltd (4538) - Net Assets
Based on the latest financial reports, WINSON Machinery Co Ltd (4538) has net assets worth NT$867.73 Million TWD (≈ $27.34 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$951.15 Million ≈ $29.97 Million USD) and total liabilities (NT$83.42 Million ≈ $2.63 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 WINSON Machinery Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$867.73 Million |
| % of Total Assets | 91.23% |
| Annual Growth Rate | 1.35% |
| 5-Year Change | 25.4% |
| 10-Year Change | 44.08% |
| Growth Volatility | 12.58 |
WINSON Machinery Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how WINSON Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is WINSON Machinery Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for WINSON Machinery Co Ltd (2012–2024)
The table below shows the annual net assets of WINSON Machinery Co Ltd from 2012 to 2024. For live valuation and market cap data, see WINSON Machinery Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$867.34 Million ≈ $27.33 Million |
-1.48% |
| 2023-12-31 | NT$880.36 Million ≈ $27.74 Million |
+16.93% |
| 2022-12-31 | NT$752.92 Million ≈ $23.72 Million |
+9.15% |
| 2021-12-31 | NT$689.82 Million ≈ $21.73 Million |
-0.26% |
| 2020-12-31 | NT$691.64 Million ≈ $21.79 Million |
-10.46% |
| 2019-12-31 | NT$772.45 Million ≈ $24.34 Million |
+31.07% |
| 2018-12-31 | NT$589.34 Million ≈ $18.57 Million |
+4.44% |
| 2017-12-31 | NT$564.29 Million ≈ $17.78 Million |
+7.15% |
| 2016-12-31 | NT$526.62 Million ≈ $16.59 Million |
-12.52% |
| 2015-12-31 | NT$601.97 Million ≈ $18.97 Million |
-0.91% |
| 2014-12-31 | NT$607.47 Million ≈ $19.14 Million |
-16.60% |
| 2013-12-31 | NT$728.39 Million ≈ $22.95 Million |
-1.32% |
| 2012-12-31 | NT$738.13 Million ≈ $23.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WINSON Machinery 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 7.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$102.52 Million | 11.82% |
| Other Components | NT$764.82 Million | 88.18% |
| Total Equity | NT$867.34 Million | 100.00% |
WINSON Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of WINSON Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arizona Lithium Ltd
AU:AZL
|
$34.26 Million |
|
MERUS POWER OYJ EO 1
F:99H
|
$34.28 Million |
|
Bafna Pharmaceuticals Limited
NSE:BAFNAPH
|
$34.28 Million |
|
Podium Minerals Ltd
AU:POD
|
$34.31 Million |
|
Tron Inc.
NASDAQ:TRON
|
$34.24 Million |
|
Coda Minerals Ltd
AU:COD
|
$34.22 Million |
|
OpenSys M Bhd
KLSE:0040
|
$34.22 Million |
|
Frasers Group PLC
LSE:FRAS
|
$34.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WINSON Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 880,359,000 to 867,342,000, a change of -13,017,000 (-1.5%).
- Net income of 11,155,000 contributed positively to equity growth.
- Dividend payments of 46,029,000 reduced retained earnings.
- Other factors increased equity by 21,857,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$11.15 Million | +1.29% |
| Dividends Paid | NT$46.03 Million | -5.31% |
| Other Changes | NT$21.86 Million | +2.52% |
| Total Change | NT$- | -1.48% |
Book Value vs Market Value Analysis
This analysis compares WINSON Machinery 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: 1.24x
- 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 1.44x to 1.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$12.67 | NT$18.30 | x |
| 2018-12-31 | NT$13.24 | NT$18.30 | x |
| 2019-12-31 | NT$13.43 | NT$18.30 | x |
| 2020-12-31 | NT$13.22 | NT$18.30 | x |
| 2021-12-31 | NT$13.18 | NT$18.30 | x |
| 2022-12-31 | NT$13.84 | NT$18.30 | x |
| 2023-12-31 | NT$15.29 | NT$18.30 | x |
| 2024-12-31 | NT$14.76 | NT$18.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WINSON Machinery Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.54%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.08x
- Recent ROE (1.29%) is below the historical average (6.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 4.33% | 11.26% | 0.27x | 1.41x | NT$-41.83 Million |
| 2013 | 4.27% | 7.64% | 0.42x | 1.34x | NT$-41.74 Million |
| 2014 | 6.53% | 7.86% | 0.60x | 1.39x | NT$-21.07 Million |
| 2015 | 4.58% | 6.15% | 0.55x | 1.34x | NT$-32.63 Million |
| 2016 | 7.59% | 9.19% | 0.57x | 1.45x | NT$-12.69 Million |
| 2017 | 10.45% | 9.79% | 0.71x | 1.51x | NT$2.55 Million |
| 2018 | 13.44% | 11.49% | 0.84x | 1.39x | NT$20.30 Million |
| 2019 | 6.79% | 10.62% | 0.56x | 1.14x | NT$-21.73 Million |
| 2020 | 3.55% | 8.10% | 0.40x | 1.09x | NT$-44.63 Million |
| 2021 | 5.59% | 8.34% | 0.59x | 1.14x | NT$-30.39 Million |
| 2022 | 10.65% | 13.19% | 0.61x | 1.33x | NT$4.88 Million |
| 2023 | 6.97% | 14.11% | 0.44x | 1.12x | NT$-26.70 Million |
| 2024 | 1.29% | 3.54% | 0.34x | 1.08x | NT$-75.58 Million |
Industry Comparison
This section compares WINSON Machinery Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $9,452,774,200
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WINSON Machinery Co Ltd (4538) | NT$867.73 Million | 4.33% | 0.10x | $34.26 Million |
| Lee Chi Enterprises Co Ltd (1517) | $3.36 Billion | -1.22% | 0.39x | $72.08 Million |
| China Metal Products Co Ltd (1532) | $16.55 Billion | 4.08% | 1.13x | $273.44 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $2.41 Billion | 10.93% | 1.42x | $262.68 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.37 Billion | 1.46% | 1.66x | $69.25 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $2.60 Billion | 3.01% | 1.48x | $23.79 Million |
| Solar Applied Materials Technology (1785) | $8.00 Billion | 12.99% | 1.66x | $3.11 Billion |
| Chia Yi Steel Co Ltd (2067) | $505.99 Million | -7.88% | 1.96x | $10.28 Million |
| CX Technology Corp (2415) | $1.47 Billion | 8.73% | 1.22x | $75.42 Million |
| Catcher Technology Co Ltd (2474) | $56.00 Billion | 19.06% | 0.59x | $3.70 Billion |
| Univacco Technology (3303) | $2.27 Billion | 16.17% | 0.63x | $144.40 Million |
About WINSON Machinery Co Ltd
WINSON Machinery Co., LTD. manufactures castings in Taiwan. The company offers five-axis machining center castings bases and worktables; gantry-type machining center castings column; PCB drilling machine base and worktable; vertical boring machine base; and EDM casting products. It also provides casting solutions and engineering support; mold planning and maintenance; mold assembly and patternmak… Read more