Man Zai Industrial Co Ltd Net Assets
Man Zai Industrial Co Ltd net assets. Based on the latest financial reports, Man Zai Industrial Co Ltd (4543) has net assets worth NT$1.80 Billion TWD (≈ $56.59 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$2.55 Billion ≈ $80.19 Million USD) and total liabilities (NT$748.77 Million ≈ $23.59 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 Man Zai Industrial Co Ltd (4543) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.80 Billion |
| % of Total Assets | 70.58% |
| Annual Growth Rate | 2.68% |
| 5-Year Change | 19.31% |
| 10-Year Change | 19.68% |
| Growth Volatility | 4.45 |
Net Assets of Man Zai Industrial Co Ltd (2015–2025)
Net assets of Man Zai Industrial Co Ltd from 2015 to 2025. This chart illustrates how Man Zai Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See Man Zai Industrial Co Ltd balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Man Zai Industrial Co Ltd (2015–2025)
The table below shows the annual net assets of Man Zai Industrial Co Ltd from 2015 to 2025. For live market cap and overall valuation, see 4543 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.80 Billion ≈ $56.59 Million |
-1.38% |
| 2024-12-31 | NT$1.82 Billion ≈ $57.38 Million |
+6.56% |
| 2023-12-31 | NT$1.71 Billion ≈ $53.85 Million |
+4.50% |
| 2022-12-31 | NT$1.64 Billion ≈ $51.54 Million |
+8.64% |
| 2021-12-31 | NT$1.51 Billion ≈ $47.44 Million |
+1.88% |
| 2020-12-31 | NT$1.48 Billion ≈ $46.56 Million |
-2.56% |
| 2019-12-31 | NT$1.52 Billion ≈ $47.78 Million |
-2.60% |
| 2018-12-31 | NT$1.56 Billion ≈ $49.06 Million |
+5.90% |
| 2017-12-31 | NT$1.47 Billion ≈ $46.32 Million |
-2.05% |
| 2016-12-31 | NT$1.50 Billion ≈ $47.29 Million |
+8.90% |
| 2015-12-31 | NT$1.38 Billion ≈ $43.42 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Man Zai Industrial 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 7.5% over the analyzed period, indicating profitable operations and earnings retention.
Man Zai Industrial Co Ltd Net Assets Breakdown (December 2025)
Man Zai Industrial Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$712.45 Million | 39.66% |
| Other Components | NT$1.08 Billion | 60.34% |
| Total Equity | NT$1.80 Billion | 100.00% |
Man Zai Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Man Zai Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Burberry Group PLC
LSE:BRBY
|
$48.78 Million |
|
SIL Investments Limited
NSE:SILINV
|
$48.79 Million |
|
Mereo BioPharma Group PLC ADR
NASDAQ:MREO
|
$48.79 Million |
|
LightInTheBox Holding Co Ltd ARD
NYSE:LITB
|
$48.81 Million |
|
Maison Antoine Baud Société Anonyme
PA:MLMAB
|
$48.77 Million |
|
Promateris SA
RO:PPL
|
$48.76 Million |
|
W5 Solutions AB
ST:W5
|
$48.75 Million |
|
Sietel Ltd
AU:SSL
|
$48.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Man Zai Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,821,426,000 to 1,796,344,000, a change of -25,082,000 (-1.4%).
- Net income of 31,646,000 contributed positively to equity growth.
- Dividend payments of 59,772,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$31.65 Million | +1.76% |
| Dividends Paid | NT$59.77 Million | -3.33% |
| Other Changes | NT$3.04 Million | +0.17% |
| Total Change | NT$- | -1.38% |
Book Value vs Market Value Analysis
This analysis compares Man Zai Industrial 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: 0.86x
- 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.
- The price-to-book ratio has decreased from 1.00x to 0.86x 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$25.87 | NT$25.90 | x |
| 2018-12-31 | NT$27.47 | NT$25.90 | x |
| 2019-12-31 | NT$26.62 | NT$25.90 | x |
| 2020-12-31 | NT$26.37 | NT$25.90 | x |
| 2021-12-31 | NT$26.86 | NT$25.90 | x |
| 2022-12-31 | NT$29.19 | NT$25.90 | x |
| 2023-12-31 | NT$29.05 | NT$25.90 | x |
| 2024-12-31 | NT$30.47 | NT$25.90 | x |
| 2025-12-31 | NT$30.05 | NT$25.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Man Zai Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.94%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.42x
- Recent ROE (1.76%) is below the historical average (4.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 7.72% | 8.51% | 0.64x | 1.42x | NT$-31.45 Million |
| 2016 | 4.04% | 5.49% | 0.56x | 1.31x | NT$-89.46 Million |
| 2017 | -0.97% | -1.52% | 0.47x | 1.35x | NT$-161.26 Million |
| 2018 | 6.69% | 9.84% | 0.49x | 1.39x | NT$-51.48 Million |
| 2019 | 1.21% | 2.00% | 0.44x | 1.38x | NT$-133.34 Million |
| 2020 | 0.72% | 1.32% | 0.37x | 1.46x | NT$-137.09 Million |
| 2021 | 1.99% | 3.23% | 0.41x | 1.52x | NT$-120.64 Million |
| 2022 | 8.54% | 14.49% | 0.40x | 1.49x | NT$-23.86 Million |
| 2023 | 7.89% | 16.13% | 0.34x | 1.45x | NT$-36.10 Million |
| 2024 | 6.78% | 15.60% | 0.30x | 1.45x | NT$-58.59 Million |
| 2025 | 1.76% | 3.94% | 0.32x | 1.42x | NT$-147.99 Million |
Industry Comparison
This section compares Man Zai Industrial Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,553,288,100
- Average return on equity (ROE) among peers: 7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Man Zai Industrial Co Ltd (4543) | NT$1.80 Billion | 7.72% | 0.42x | $48.77 Million |
| Tong Yang Industry Co Ltd (1319) | $19.13 Billion | 8.86% | 0.90x | $1.42 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.95 Billion | 8.36% | 0.59x | $41.20 Million |
| Hiroca Holdings Ltd (1338) | $6.10 Billion | 10.37% | 0.41x | $34.86 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $4.19 Billion | 8.86% | 0.22x | $94.70 Million |
| Right Way Industrial Co Ltd (1506) | $1.09 Billion | 3.95% | 1.24x | $89.24 Million |
| Jui Li Enterprise Co Ltd (1512) | $1.55 Billion | -9.79% | 2.21x | $19.21 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.87 Billion | 3.56% | 0.60x | $59.56 Million |
| TYC Brother Industrial Co Ltd (1522) | $6.64 Billion | 11.44% | 1.78x | $247.68 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $1.78 Billion | 12.19% | 1.22x | $132.03 Million |
| Kian Shen Corp (1525) | $1.24 Billion | 13.96% | 0.48x | $149.16 Million |
About Man Zai Industrial Co Ltd
Man Zai Industrial Co., Ltd. engages in the manufacture and sale of air- conditioning products in Asia, the United States, Europe, and internationally. The company offers auto air-con modules, including condenser units, evaporator units, and heater cores; automobile and motorcycle aluminum radiators for cooling systems, such as radiator units and oil coolers; and thermal-electric cooling modules … Read more