WINSON Machinery Co Ltd (4538) - Net Assets

Latest as of December 2025: NT$873.28 Million TWD ≈ $27.51 Million USD

Based on the latest financial reports, WINSON Machinery Co Ltd (4538) has net assets worth NT$873.28 Million TWD (≈ $27.51 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$940.35 Million ≈ $29.63 Million USD) and total liabilities (NT$67.08 Million ≈ $2.11 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. Also explore 4538 total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$873.28 Million
% of Total Assets	92.87%
Annual Growth Rate	1.3%
5-Year Change	26.6%
10-Year Change	65.83%
Growth Volatility	12.1

WINSON Machinery Co Ltd - Net Assets Trend (2012–2025)

This chart illustrates how WINSON Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. Check WINSON Machinery Co Ltd (4538) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for WINSON Machinery Co Ltd (2012–2025)

The table below shows the annual net assets of WINSON Machinery Co Ltd from 2012 to 2025. For live valuation and market cap data, see WINSON Machinery Co Ltd (4538) total market value.

Year	Net Assets	Change
2025-12-31	NT$873.28 Million ≈ $27.51 Million	+0.68%
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	--

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 decreased by 0.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	NT$94.95 Million	10.87%
Other Components	NT$778.32 Million	89.13%
Total Equity	NT$873.28 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
Impresa - Sociedade Gestora de Participações Sociais S.A LS:IPR	$32.51 Million
Yellow Balloon Tour Co. Ltd KQ:104620	$32.52 Million
AtlasClear Holdings, Inc. NYSE MKT:ATCH	$32.53 Million
Innovative Solutions Ecosystem SA MC:ISE	$32.54 Million
Templeton Emerging Markets Investment Trust TEMIT LSE:TEM	$32.46 Million
Level Biotechnology TWO:3118	$32.46 Million
Sharps Technology Inc NASDAQ:STSS	$32.46 Million
Kuk Dong KO:005320	$32.46 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 2024 to 2025, total equity changed from 867,342,000 to 873,278,000, a change of 5,936,000 (0.7%).
Net income of 17,329,000 contributed positively to equity growth.
Dividend payments of 23,509,000 reduced retained earnings.
Other factors increased equity by 12,116,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	NT$17.33 Million	+1.98%
Dividends Paid	NT$23.51 Million	-2.69%
Other Changes	NT$12.12 Million	+1.39%
Total Change	NT$-	0.68%

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: 1.18x
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 1.37x to 1.18x 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$17.35	x
2018-12-31	NT$13.24	NT$17.35	x
2019-12-31	NT$13.43	NT$17.35	x
2020-12-31	NT$13.22	NT$17.35	x
2021-12-31	NT$13.18	NT$17.35	x
2022-12-31	NT$13.84	NT$17.35	x
2023-12-31	NT$15.29	NT$17.35	x
2024-12-31	NT$14.76	NT$17.35	x
2025-12-31	NT$14.68	NT$17.35	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): 1.98%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.56%
• Asset Turnover: 0.40x
• Equity Multiplier: 1.08x
Recent ROE (1.98%) is below the historical average (6.29%), 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$-75.58 Million
2025	1.98%	4.56%	0.40x	1.08x	NT$-70.00 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: $13,940,748,400
Average return on equity (ROE) among peers: 4.22%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
WINSON Machinery Co Ltd (4538)	NT$873.28 Million	4.33%	0.08x	$32.51 Million
Lee Chi Enterprises Co Ltd (1517)	$3.62 Billion	-4.26%	0.17x	$79.02 Million
China Metal Products Co Ltd (1532)	$19.50 Billion	16.40%	0.93x	$280.00 Million
Bin Chuan Enterprise Co Ltd (1569)	$3.02 Billion	-10.31%	1.12x	$180.19 Million
China Fineblanking Technology Co Ltd (1586)	$1.54 Billion	2.80%	1.77x	$59.36 Million
Yeong Guan Energy Technology Group Co Ltd (1589)	$4.24 Billion	6.30%	0.50x	$26.73 Million
Solar Applied Materials Technology (1785)	$7.80 Billion	0.00%	0.78x	$1.87 Billion
Chia Yi Steel Co Ltd (2067)	$505.99 Million	-7.88%	1.96x	$9.16 Million
CX Technology Corp (2415)	$1.13 Billion	6.55%	1.17x	$86.91 Million
Catcher Technology Co Ltd (2474)	$96.09 Billion	18.60%	0.43x	$3.11 Billion
Univacco Technology (3303)	$1.96 Billion	14.02%	0.60x	$162.08 Million

About WINSON Machinery Co Ltd

TWO:4538 Taiwan Metal Fabrication

Market Cap

$32.51 Million

NT$1.03 Billion TWD

Market Cap Rank

#23421 Global

#1464 in Taiwan

Share Price

NT$17.35

Change (1 day)

+0.00%

52-Week Range

NT$16.60 - NT$19.10

All Time High

NT$491.39