TUL Corporation (6150) - Net Assets
Based on the latest financial reports, TUL Corporation (6150) has net assets worth NT$1.52 Billion TWD (≈ $47.98 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$4.33 Billion ≈ $136.37 Million USD) and total liabilities (NT$2.81 Billion ≈ $88.38 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 TUL Corporation (6150) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.52 Billion |
| % of Total Assets | 35.19% |
| Annual Growth Rate | 20.51% |
| 5-Year Change | 73.83% |
| 10-Year Change | N/A |
| Growth Volatility | 73.19 |
TUL Corporation - Net Assets Trend (2015–2024)
This chart illustrates how TUL Corporation's net assets have evolved over time, based on quarterly financial data. Also explore TUL Corporation asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for TUL Corporation (2015–2024)
The table below shows the annual net assets of TUL Corporation from 2015 to 2024. For live valuation and market cap data, see TUL Corporation market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.45 Billion ≈ $45.78 Million |
-10.43% |
| 2023-12-31 | NT$1.62 Billion ≈ $51.11 Million |
-8.84% |
| 2022-12-31 | NT$1.78 Billion ≈ $56.06 Million |
-26.90% |
| 2021-12-31 | NT$2.43 Billion ≈ $76.69 Million |
+191.23% |
| 2020-12-31 | NT$835.86 Million ≈ $26.33 Million |
+117.76% |
| 2019-12-31 | NT$383.85 Million ≈ $12.09 Million |
-27.18% |
| 2018-12-31 | NT$527.14 Million ≈ $16.61 Million |
-2.30% |
| 2017-12-31 | NT$539.52 Million ≈ $17.00 Million |
+89.76% |
| 2016-12-31 | NT$284.32 Million ≈ $8.96 Million |
+4.95% |
| 2015-12-31 | NT$270.91 Million ≈ $8.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TUL Corporation'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 20817600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.47 Billion | 101.54% |
| Total Equity | NT$1.45 Billion | 100.00% |
TUL Corporation Competitors by Market Cap
The table below lists competitors of TUL Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MFEC PCL
BK:MFEC
|
$83.93 Million |
|
Roo Hsing Co Ltd
TW:4414
|
$83.94 Million |
|
Nova Minerals Limited
NYSE MKT:NVA
|
$83.98 Million |
|
Atrium Real Estate Investment Trust
KLSE:5130
|
$84.01 Million |
|
Huneed Tech
KO:005870
|
$83.92 Million |
|
Investeringsselskabet Luxor A/S
CO:LUXOR-B
|
$83.90 Million |
|
Zevia Pbc
NYSE:ZVIA
|
$83.89 Million |
|
Compagnie Industrielle et Financière d'Entreprises SA
PA:INFE
|
$83.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TUL Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,619,393,000 to 1,450,104,000, a change of -169,289,000 (-10.5%).
- Net loss of 198,005,000 reduced equity.
- Other comprehensive income decreased equity by 930,080,999.
- Other factors increased equity by 958,796,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-198.00 Million | -13.65% |
| Other Comprehensive Income | NT$-930.08 Million | -64.14% |
| Other Changes | NT$958.80 Million | +66.12% |
| Total Change | NT$- | -10.45% |
Book Value vs Market Value Analysis
This analysis compares TUL Corporation'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: 1.84x
- 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 3.40x to 1.84x 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$16.21 | NT$55.10 | x |
| 2018-12-31 | NT$15.83 | NT$55.10 | x |
| 2019-12-31 | NT$11.53 | NT$55.10 | x |
| 2020-12-31 | NT$21.85 | NT$55.10 | x |
| 2021-12-31 | NT$52.32 | NT$55.10 | x |
| 2022-12-31 | NT$36.57 | NT$55.10 | x |
| 2023-12-31 | NT$33.50 | NT$55.10 | x |
| 2024-12-31 | NT$29.99 | NT$55.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TUL Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.22%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 2.66x
- Recent ROE (-13.65%) is below the historical average (-0.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -84.71% | -9.23% | 2.04x | 4.50x | NT$-256.58 Million |
| 2016 | 4.59% | 0.52% | 1.75x | 5.03x | NT$-15.38 Million |
| 2017 | 46.88% | 5.57% | 2.52x | 3.35x | NT$198.96 Million |
| 2018 | 25.54% | 2.66% | 3.27x | 2.94x | NT$81.93 Million |
| 2019 | -21.13% | -2.68% | 1.92x | 4.11x | NT$-119.43 Million |
| 2020 | 3.50% | 0.77% | 1.99x | 2.27x | NT$-54.33 Million |
| 2021 | 44.70% | 12.33% | 1.59x | 2.28x | NT$841.55 Million |
| 2022 | -4.87% | -1.75% | 1.34x | 2.07x | NT$-263.54 Million |
| 2023 | -8.48% | -2.54% | 1.27x | 2.63x | NT$-299.22 Million |
| 2024 | -13.65% | -4.22% | 1.22x | 2.66x | NT$-343.02 Million |
Industry Comparison
This section compares TUL Corporation's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $14,846,299,500
- Average return on equity (ROE) among peers: 8.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TUL Corporation (6150) | NT$1.52 Billion | -84.71% | 1.84x | $83.93 Million |
| China Wire & Cable Co Ltd (1603) | $3.47 Billion | 1.69% | 1.20x | $159.64 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $7.31 Billion | 7.65% | 0.10x | $233.73 Million |
| Synnex Technology International Corp (2347) | $65.89 Billion | 26.21% | 2.06x | $4.34 Billion |
| Foxconn Technology Co Ltd (2354) | $49.32 Billion | 18.34% | 1.03x | $2.31 Billion |
| Senao International Co Ltd (2450) | $5.75 Billion | 13.96% | 0.78x | $240.84 Million |
| Wah Lee Industrial Corp (3010) | $7.24 Billion | 11.18% | 1.07x | $1.08 Billion |
| Weikeng Industrial Co Ltd (3033) | $5.82 Billion | 10.73% | 3.40x | $540.95 Million |
| Edom Technology Co Ltd (3048) | $2.10 Billion | 2.91% | 1.93x | $324.32 Million |
| MetaTech AP (3224) | $1.07 Billion | -5.38% | 0.22x | $124.56 Million |
| Sentronic International (3232) | $488.54 Million | 2.26% | 0.71x | $31.40 Million |
About TUL Corporation
TUL Corporation provides graphics computing solutions in IT industry worldwide. The company offers gaming graphics cards, customized graphics cards for industrial control, SoC motherboards and systems, thunderbolt devices, and FPGA solutions. It also develops smart buildings, artificial intelligence biotechnology and medical care, as well as provides genetic testing, data storage, and AI algorith… Read more