Joy Industrial Co., Ltd.
Joy Industrial Co., Ltd. engages in the research, development, manufacture, import, export, wholesale, trade, and sale of bicycle parts in Taiwan, China, Europe, and internationally. The company offers bicycle hubs and wheelsets; and carbon fiber front fork and grip products. It is also involved in the manufacture of bicycles, automobiles, and traffic equipment parts and accessories; design, deve… Read more
Joy Industrial Co., Ltd. (4559) - Net Assets
Latest net assets as of June 2025: NT$578.68 Million TWD
Based on the latest financial reports, Joy Industrial Co., Ltd. (4559) has net assets worth NT$578.68 Million TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.79 Billion) and total liabilities (NT$1.21 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$578.68 Million |
| % of Total Assets | 32.3% |
| Annual Growth Rate | 3.99% |
| 5-Year Change | 5.51% |
| 10-Year Change | 36.66% |
| Growth Volatility | 22.48 |
Joy Industrial Co., Ltd. - Net Assets Trend (2012–2024)
This chart illustrates how Joy Industrial Co., Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Joy Industrial Co., Ltd. (2012–2024)
The table below shows the annual net assets of Joy Industrial Co., Ltd. from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$659.41 Million | +6.47% |
| 2023-12-31 | NT$619.36 Million | -19.35% |
| 2022-12-31 | NT$767.96 Million | +5.60% |
| 2021-12-31 | NT$727.22 Million | +16.36% |
| 2020-12-31 | NT$624.99 Million | +8.06% |
| 2019-12-31 | NT$578.40 Million | -5.29% |
| 2018-12-31 | NT$610.68 Million | +50.47% |
| 2017-12-31 | NT$405.85 Million | +2.14% |
| 2016-12-31 | NT$397.36 Million | -17.65% |
| 2015-12-31 | NT$482.51 Million | -7.53% |
| 2014-12-31 | NT$521.83 Million | +50.39% |
| 2013-12-31 | NT$346.99 Million | -15.82% |
| 2012-12-31 | NT$412.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Joy 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 decreased by 181.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$600.00 Million | 93.32% |
| Other Components | NT$91.08 Million | 14.17% |
| Total Equity | NT$642.92 Million | 100.00% |
Joy Industrial Co., Ltd. Competitors by Market Cap
The table below lists competitors of Joy Industrial Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INVO Bioscience Inc
NASDAQ:INVO
|
$2.91 Million |
|
InnSuites Hospitality Trust
NYSE MKT:IHT
|
$2.91 Million |
|
Loyal Textile Mills Limited
NSE:LOYALTEX
|
$2.91 Million |
|
Delivra Health Brands Inc
OTCQB:DHBUF
|
$2.91 Million |
|
MODIVCARE INC. DL-001
F:PRF0
|
$2.91 Million |
|
LTI0
F:LTI0
|
$2.91 Million |
|
Sulliden Minerals SA
TO:SMC
|
$2.90 Million |
|
Hayasa Metals Inc.
V:HAY
|
$2.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Joy Industrial Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 612,005,000 to 642,923,000, a change of 30,918,000 (5.1%).
- Net income of 2,133,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 63,415,000.
- Other factors decreased equity by 34,630,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.13 Million | +0.33% |
| Other Comprehensive Income | NT$63.41 Million | +9.86% |
| Other Changes | NT$-34.63 Million | -5.39% |
| Total Change | NT$- | 5.05% |
Book Value vs Market Value Analysis
This analysis compares Joy 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: 0.73x
- 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 increased from 0.62x to 0.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | NT$12.53 | NT$7.83 | x |
| 2014-12-31 | NT$14.05 | NT$7.83 | x |
| 2015-12-31 | NT$12.69 | NT$7.83 | x |
| 2016-12-31 | NT$10.45 | NT$7.83 | x |
| 2017-12-31 | NT$10.67 | NT$7.83 | x |
| 2018-12-31 | NT$14.06 | NT$7.83 | x |
| 2019-12-31 | NT$10.12 | NT$7.83 | x |
| 2020-12-31 | NT$10.94 | NT$7.83 | x |
| 2021-12-31 | NT$12.75 | NT$7.83 | x |
| 2022-12-31 | NT$12.65 | NT$7.83 | x |
| 2023-12-31 | NT$10.20 | NT$7.83 | x |
| 2024-12-31 | NT$10.72 | NT$7.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Joy 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): 0.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.17%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.96x
- Recent ROE (0.33%) is below the historical average (1.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.82% | 2.11% | 1.07x | 5.22x | NT$6.33 Million |
| 2014 | 7.56% | 1.95% | 1.04x | 3.73x | NT$-12.71 Million |
| 2015 | 1.09% | 0.27% | 1.07x | 3.73x | NT$-42.97 Million |
| 2016 | -9.84% | -2.37% | 0.87x | 4.77x | NT$-78.82 Million |
| 2017 | 2.98% | 0.78% | 0.80x | 4.75x | NT$-28.49 Million |
| 2018 | 4.67% | 2.21% | 0.67x | 3.15x | NT$-32.57 Million |
| 2019 | -1.88% | -0.98% | 0.62x | 3.12x | NT$-68.25 Million |
| 2020 | 6.07% | 3.39% | 0.58x | 3.10x | NT$-24.44 Million |
| 2021 | 12.16% | 5.58% | 0.76x | 2.87x | NT$15.57 Million |
| 2022 | 6.37% | 3.28% | 0.73x | 2.67x | NT$-27.60 Million |
| 2023 | -18.35% | -11.98% | 0.51x | 3.01x | NT$-173.48 Million |
| 2024 | 0.33% | 0.17% | 0.66x | 2.96x | NT$-62.16 Million |
Industry Comparison
This section compares Joy 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: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joy Industrial Co., Ltd. (4559) | NT$578.68 Million | 11.82% | 2.10x | $2.91 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |