Good Finance Securities Co Ltd (6021) - Net Assets
Based on the latest financial reports, Good Finance Securities Co Ltd (6021) has net assets worth NT$8.96 Billion TWD (≈ $282.37 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$30.79 Billion ≈ $970.08 Million USD) and total liabilities (NT$21.83 Billion ≈ $687.71 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 Good Finance Securities Co Ltd (6021) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.96 Billion |
| % of Total Assets | 29.11% |
| Annual Growth Rate | 8.53% |
| 5-Year Change | 66.69% |
| 10-Year Change | N/A |
| Growth Volatility | 19.02 |
Good Finance Securities Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Good Finance Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Good Finance Securities Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Good Finance Securities Co Ltd (2017–2024)
The table below shows the annual net assets of Good Finance Securities Co Ltd from 2017 to 2024. For live valuation and market cap data, see Good Finance Securities Co Ltd (6021) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.30 Billion ≈ $261.35 Million |
+44.12% |
| 2023-12-31 | NT$5.76 Billion ≈ $181.34 Million |
+26.23% |
| 2022-12-31 | NT$4.56 Billion ≈ $143.66 Million |
-18.43% |
| 2021-12-31 | NT$5.59 Billion ≈ $176.13 Million |
+12.33% |
| 2020-12-31 | NT$4.98 Billion ≈ $156.79 Million |
+7.21% |
| 2019-12-31 | NT$4.64 Billion ≈ $146.25 Million |
-6.36% |
| 2018-12-31 | NT$4.96 Billion ≈ $156.19 Million |
+5.98% |
| 2017-12-31 | NT$4.68 Billion ≈ $147.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Good Finance Securities 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 44.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$825.96 Million | 9.96% |
| Other Components | NT$7.47 Billion | 90.04% |
| Total Equity | NT$8.30 Billion | 100.00% |
Good Finance Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Good Finance Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Dvision Video Communica
SHE:300167
|
$325.34 Million |
|
LINKBANCORP Inc
NASDAQ:LNKB
|
$325.51 Million |
|
Integrated Diagnostics Holdings PLC
LSE:IDHC
|
$325.54 Million |
|
Uchi Technologies Bhd
KLSE:7100
|
$325.56 Million |
|
Share India Securities Limited
NSE:SHAREINDIA
|
$325.28 Million |
|
Hylink Digital Solution Co Ltd
SHG:603825
|
$325.11 Million |
|
Evli Pankki Oyj
HE:EVLI
|
$325.01 Million |
|
Cambi ASA
OL:CAMBI
|
$325.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Good Finance Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,755,842,000 to 8,295,344,000, a change of 2,539,502,000 (44.1%).
- Net income of 438,324,000 contributed positively to equity growth.
- Dividend payments of 280,064,000 reduced retained earnings.
- Other factors increased equity by 2,381,242,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$438.32 Million | +5.28% |
| Dividends Paid | NT$280.06 Million | -3.38% |
| Other Changes | NT$2.38 Billion | +28.71% |
| Total Change | NT$- | 44.12% |
Book Value vs Market Value Analysis
This analysis compares Good Finance Securities 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: 1.24x
- 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 2.17x to 1.24x 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$15.25 | NT$33.05 | x |
| 2018-12-31 | NT$16.16 | NT$33.05 | x |
| 2019-12-31 | NT$15.13 | NT$33.05 | x |
| 2020-12-31 | NT$16.22 | NT$33.05 | x |
| 2021-12-31 | NT$18.17 | NT$33.05 | x |
| 2022-12-31 | NT$14.77 | NT$33.05 | x |
| 2023-12-31 | NT$18.44 | NT$33.05 | x |
| 2024-12-31 | NT$26.67 | NT$33.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Good Finance Securities Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.42%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.83x
- Recent ROE (5.28%) is above the historical average (3.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.59% | 28.81% | 0.06x | 1.92x | NT$-300.05 Million |
| 2018 | 3.97% | 30.38% | 0.09x | 1.40x | NT$-299.16 Million |
| 2019 | 0.56% | 5.05% | 0.07x | 1.58x | NT$-438.11 Million |
| 2020 | 2.12% | 13.66% | 0.06x | 2.75x | NT$-392.01 Million |
| 2021 | 5.74% | 23.65% | 0.08x | 2.94x | NT$-238.04 Million |
| 2022 | 1.15% | 5.57% | 0.08x | 2.63x | NT$-403.50 Million |
| 2023 | 1.84% | 10.47% | 0.07x | 2.63x | NT$-469.44 Million |
| 2024 | 5.28% | 35.42% | 0.05x | 2.83x | NT$-391.21 Million |
Industry Comparison
This section compares Good Finance Securities Co Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $17,274,131,111
- Average return on equity (ROE) among peers: 4.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Good Finance Securities Co Ltd (6021) | NT$8.96 Billion | 3.59% | 2.44x | $325.28 Million |
| China Bills Finance Corp (2820) | $22.39 Billion | 7.19% | 8.27x | $710.82 Million |
| President Securities Corp (2855) | $29.81 Billion | 2.45% | 2.18x | $1.80 Billion |
| IBF Financial Holdings Co Ltd (2889) | $32.30 Billion | 4.18% | 5.78x | $1.66 Billion |
| Concord International Securities Co Ltd (5864) | $3.12 Billion | 9.62% | 0.15x | $408.09 Million |
| Capital Securities Corp (6005) | $32.20 Billion | 6.29% | 1.60x | $1.92 Billion |
| Horizon Securities Co Ltd (6015) | $4.79 Billion | -5.32% | 1.35x | $175.18 Million |
| Concord Securities Co Ltd (6016) | $7.76 Billion | 3.04% | 3.38x | $420.73 Million |
| Tachan Securities Co Ltd (6020) | $3.67 Billion | -0.04% | 0.23x | $153.05 Million |
| Yuanta Futures Co Ltd (6023) | $19.44 Billion | 13.66% | 8.50x | $1.00 Billion |
About Good Finance Securities Co Ltd
Good Finance Securities Co., Ltd., together with its subsidiaries, engages in the securities commission agency and brokerage business in Taiwan. It operates through Client Partner, Investment, Investment bank, Futures, and All Other segments. The company is also involved in securities and bonds dealing; trading of financial instruments relating to interest rate and bills and bonds under repurchas… Read more