Tons Lightology (4972) - Net Assets
Based on the latest financial reports, Tons Lightology (4972) has net assets worth NT$1.45 Billion TWD (≈ $45.53 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.83 Billion ≈ $57.60 Million USD) and total liabilities (NT$382.93 Million ≈ $12.06 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 asset allocation strategy of Tons Lightology to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.45 Billion |
| % of Total Assets | 79.05% |
| Annual Growth Rate | 2.49% |
| 5-Year Change | 24.77% |
| 10-Year Change | N/A |
| Growth Volatility | 15.07 |
Tons Lightology - Net Assets Trend (2017–2025)
This chart illustrates how Tons Lightology's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Tons Lightology.
Annual Net Assets for Tons Lightology (2017–2025)
The table below shows the annual net assets of Tons Lightology from 2017 to 2025. Also explore how fast is Tons Lightology growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.44 Billion ≈ $45.31 Million |
-11.23% |
| 2024-12-31 | NT$1.62 Billion ≈ $51.04 Million |
+0.64% |
| 2023-12-31 | NT$1.61 Billion ≈ $50.72 Million |
+41.93% |
| 2022-12-31 | NT$1.13 Billion ≈ $35.73 Million |
-1.60% |
| 2021-12-31 | NT$1.15 Billion ≈ $36.31 Million |
+1.62% |
| 2020-12-31 | NT$1.13 Billion ≈ $35.73 Million |
-0.70% |
| 2019-12-31 | NT$1.14 Billion ≈ $35.98 Million |
-4.33% |
| 2018-12-31 | NT$1.19 Billion ≈ $37.61 Million |
+1.04% |
| 2017-12-31 | NT$1.18 Billion ≈ $37.23 Million |
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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 121.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.50 Billion | 104.38% |
| Total Equity | NT$1.44 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 |
|---|---|
|
Texxon Holding Ltd.
NASDAQ:NPT
|
$28.62 Million |
|
RMG Acquisition Corp. III
NASDAQ:RMGCF
|
$28.63 Million |
|
UMediC Group Berhad
KLSE:0256
|
$28.63 Million |
|
5TH PLANET GAMES DK -50
F:2HG1
|
$28.64 Million |
|
Asia Precision Public Company Limited
BK:APCS
|
$28.59 Million |
|
TP ICAP Group PLC
LSE:TCAP
|
$28.59 Million |
|
Silver Viper Minerals Corp
V:VIPR
|
$28.58 Million |
|
GLORY HEALTH IND. HD-001
F:84R
|
$28.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tons Lightology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,620,130,000 to 1,438,162,000, a change of -181,968,000 (-11.2%).
- Net loss of 104,208,000 reduced equity.
- Dividend payments of 45,511,000 reduced retained earnings.
- Share repurchases of 26,329,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-104.21 Million | -7.25% |
| Dividends Paid | NT$45.51 Million | -3.16% |
| Share Repurchases | NT$26.33 Million | -1.83% |
| Other Changes | NT$-5.92 Million | -0.41% |
| Total Change | NT$- | -11.23% |
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$16.25 | x |
| 2018-12-31 | NT$29.88 | NT$16.25 | x |
| 2019-12-31 | NT$29.17 | NT$16.25 | x |
| 2020-12-31 | NT$29.39 | NT$16.25 | x |
| 2021-12-31 | NT$29.54 | NT$16.25 | x |
| 2022-12-31 | NT$28.89 | NT$16.25 | x |
| 2023-12-31 | NT$37.86 | NT$16.25 | x |
| 2024-12-31 | NT$28.18 | NT$16.25 | x |
| 2025-12-31 | NT$25.50 | NT$16.25 | 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): -7.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.17%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.26x
- Recent ROE (-7.25%) is below the historical average (4.90%), 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 |
| 2025 | -7.25% | -11.17% | 0.51x | 1.26x | NT$-248.02 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: $4,271,558,400
- Average return on equity (ROE) among peers: 9.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tons Lightology (4972) | NT$1.45 Billion | 10.25% | 0.26x | $28.61 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $5.05 Billion | 16.48% | 0.58x | $220.61 Million |
| Sampo Corp (1604) | $8.09 Billion | 22.19% | 0.56x | $274.96 Million |
| China Electric Manufacturing Corp (1611) | $4.86 Billion | 11.59% | 0.25x | $114.90 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.42 Billion | 8.06% | 0.29x | $252.07 Million |
| Airmate Cayman International Co Ltd (1626) | $1.24 Billion | 0.00% | 2.71x | $44.42 Million |
| Hocheng Corp (1810) | $6.88 Billion | 0.00% | 1.01x | $223.01 Million |
| King Slide Works Co Ltd (2059) | $5.89 Billion | 23.70% | 0.22x | $35.17 Billion |
| Fortune Oriental Co Ltd (2491) | $1.26 Billion | 2.95% | 0.15x | $103.22 Million |
| Ado Optronics (3516) | $1.43 Billion | 1.03% | 0.67x | $47.57 Million |
| Mosa Industrial Corp (4564) | $2.58 Billion | 7.36% | 1.02x | $115.88 Million |
About 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