Tons Lightology
Tons Lightology Inc., together with its subsidiaries, designs, manufactures, and trades lighting equipment and lamps in Taiwan, rest of Asia, Europe, Oceania, and internationally. Its indoor lighting products include tracks and structures; luminaires for tracks; recessed, frameless, and adjustable downlights; assemblies; display spotlights; surface-mounted ceiling, pendant, wall, linear, task, an… Read more
Tons Lightology (4972) - Net Assets
Latest net assets as of June 2025: NT$1.38 Billion TWD
Based on the latest financial reports, Tons Lightology (4972) has net assets worth NT$1.38 Billion 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$1.72 Billion) and total liabilities (NT$343.04 Million). 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$1.38 Billion |
| % of Total Assets | 80.04% |
| Annual Growth Rate | 4.61% |
| 5-Year Change | 42.84% |
| 10-Year Change | N/A |
| Growth Volatility | 14.98 |
Tons Lightology - Net Assets Trend (2017–2024)
This chart illustrates how Tons Lightology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tons Lightology (2017–2024)
The table below shows the annual net assets of Tons Lightology from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.62 Billion | +0.64% |
| 2023-12-31 | NT$1.61 Billion | +41.93% |
| 2022-12-31 | NT$1.13 Billion | -1.60% |
| 2021-12-31 | NT$1.15 Billion | +1.62% |
| 2020-12-31 | NT$1.13 Billion | -0.70% |
| 2019-12-31 | NT$1.14 Billion | -4.33% |
| 2018-12-31 | NT$1.19 Billion | +1.04% |
| 2017-12-31 | NT$1.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tons Lightology'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 85.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$41.02 Million | 2.53% |
| Other Components | NT$1.58 Billion | 97.47% |
| Total Equity | NT$1.62 Billion | 100.00% |
Tons Lightology Competitors by Market Cap
The table below lists competitors of Tons Lightology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Halla Eng&Cons
KO:014790
|
$23.26 Million |
|
Actuate Therapeutics, Inc. Common stock
NASDAQ:ACTU
|
$23.26 Million |
|
Budi Starch & Sweetener Tbk
JK:BUDI
|
$23.27 Million |
|
Botnia Gold AB (publ)
ST:BOTX
|
$23.28 Million |
|
Baran Group Ltd
OTCGREY:BRANF
|
$23.26 Million |
|
nTels Co. Ltd
KQ:069410
|
$23.25 Million |
|
Highwood Asset Management Ltd
V:HAM
|
$23.25 Million |
|
ABO Wind AG
XETRA:AB9
|
$23.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tons Lightology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,609,843,000 to 1,620,130,000, a change of 10,287,000 (0.6%).
- Net income of 224,000 contributed positively to equity growth.
- Dividend payments of 40,248,000 reduced retained earnings.
- Other factors increased equity by 50,311,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$224.00K | +0.01% |
| Dividends Paid | NT$40.25 Million | -2.48% |
| Other Changes | NT$50.31 Million | +3.11% |
| Total Change | NT$- | 0.64% |
Book Value vs Market Value Analysis
This analysis compares Tons Lightology'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: 0.64x
- 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$29.66 | NT$17.90 | x |
| 2018-12-31 | NT$29.88 | NT$17.90 | x |
| 2019-12-31 | NT$29.17 | NT$17.90 | x |
| 2020-12-31 | NT$29.39 | NT$17.90 | x |
| 2021-12-31 | NT$29.54 | NT$17.90 | x |
| 2022-12-31 | NT$28.89 | NT$17.90 | x |
| 2023-12-31 | NT$37.86 | NT$17.90 | x |
| 2024-12-31 | NT$28.18 | NT$17.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tons Lightology 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): 0.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.02%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.34x
- Recent ROE (0.01%) is below the historical average (6.41%), 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 | 10.25% | 12.27% | 0.68x | 1.22x | NT$2.92 Million |
| 2018 | 8.84% | 10.02% | 0.72x | 1.23x | NT$-13.83 Million |
| 2019 | 9.25% | 9.73% | 0.79x | 1.20x | NT$-8.53 Million |
| 2020 | 6.97% | 9.77% | 0.59x | 1.21x | NT$-34.37 Million |
| 2021 | 8.33% | 9.13% | 0.74x | 1.24x | NT$-19.29 Million |
| 2022 | 4.62% | 5.73% | 0.69x | 1.16x | NT$-61.03 Million |
| 2023 | 3.05% | 6.04% | 0.37x | 1.36x | NT$-111.92 Million |
| 2024 | 0.01% | 0.02% | 0.56x | 1.34x | NT$-161.79 Million |
Industry Comparison
This section compares Tons Lightology's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,453,089,600
- Average return on equity (ROE) among peers: 10.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tons Lightology (4972) | NT$1.38 Billion | 10.25% | 0.25x | $23.26 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $8.23 Billion | 5.97% | 0.53x | $159.60 Million |
| Sampo Corp (1604) | $7.48 Billion | 1.91% | 0.73x | $194.91 Million |
| China Electric Manufacturing Corp (1611) | $4.56 Billion | 1.75% | 0.29x | $96.73 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.17 Billion | 4.11% | 0.26x | $126.91 Million |
| Airmate Cayman International Co Ltd (1626) | $2.22 Billion | 22.35% | 2.06x | $26.74 Million |
| Hocheng Corp (1810) | $6.31 Billion | 3.21% | 0.80x | $119.59 Million |
| King Slide Works Co Ltd (2059) | $28.04 Billion | 35.08% | 0.25x | $5.64 Billion |
| Fortune Oriental Co Ltd (2491) | $724.35 Million | 5.40% | 1.92x | $24.92 Million |
| Bedding World Co., Ltd. (2938) | $492.43 Million | 17.07% | 2.01x | $3.06 Million |
| Ado Optronics (3516) | $1.30 Billion | 3.37% | 0.48x | $15.82 Million |