Welldone Co Net Assets
Welldone Co net assets. Based on the latest financial reports, Welldone Co (6170) has net assets worth NT$1.97 Billion TWD (≈ $62.08 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.32 Billion ≈ $167.49 Million USD) and total liabilities (NT$3.35 Billion ≈ $105.41 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. Also explore 6170 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.97 Billion |
| % of Total Assets | 37.07% |
| Annual Growth Rate | 4.86% |
| 5-Year Change | 38.8% |
| 10-Year Change | N/A |
| Growth Volatility | 13.49 |
Net Assets of Welldone Co (2017–2025)
Net assets of Welldone Co from 2017 to 2025. This chart illustrates how Welldone Co's net assets have evolved over time, based on quarterly financial data. See Welldone Co (6170) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Welldone Co (2017–2025)
The table below shows the annual net assets of Welldone Co from 2017 to 2025. For live market cap and overall valuation, see market cap of Welldone Co.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.14 Billion ≈ $67.56 Million |
+9.38% |
| 2024-12-31 | NT$1.96 Billion ≈ $61.77 Million |
+0.47% |
| 2023-12-31 | NT$1.95 Billion ≈ $61.48 Million |
+38.58% |
| 2022-12-31 | NT$1.41 Billion ≈ $44.36 Million |
-8.86% |
| 2021-12-31 | NT$1.54 Billion ≈ $48.68 Million |
+0.97% |
| 2020-12-31 | NT$1.53 Billion ≈ $48.21 Million |
+5.96% |
| 2019-12-31 | NT$1.44 Billion ≈ $45.50 Million |
+2.00% |
| 2018-12-31 | NT$1.42 Billion ≈ $44.60 Million |
-3.52% |
| 2017-12-31 | NT$1.47 Billion ≈ $46.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Welldone Co'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 276.7% over the analyzed period, indicating profitable operations and earnings retention.
Welldone Co Net Assets Breakdown (December 2025)
Welldone Co net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$468.69 Million | 22.00% |
| Other Components | NT$1.66 Billion | 78.00% |
| Total Equity | NT$2.13 Billion | 100.00% |
Welldone Co Competitors by Market Cap
The table below lists competitors of Welldone Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dollar Industries Limited
NSE:DOLLAR
|
$150.77 Million |
|
Coraza Integrated Technology Bhd
KLSE:0240
|
$150.82 Million |
|
Hoang Huy Investment Services JSC
VN:HHS
|
$150.83 Million |
|
AAPICO Hitech Public Company Limited
BK:AH
|
$150.85 Million |
|
TGE Value Creative Solutions Corp
NYSE:BEBE
|
$150.75 Million |
|
Nine Energy Service, Inc.
NYSE:NINE
|
$150.66 Million |
|
Kuen Chaang Uppertech
TWO:6265
|
$150.60 Million |
|
Hamat Group Ltd
TA:HAMAT
|
$150.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Welldone Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,946,892,000 to 2,130,292,000, a change of 183,400,000 (9.4%).
- Net income of 437,168,000 contributed positively to equity growth.
- Dividend payments of 302,479,000 reduced retained earnings.
- Other factors increased equity by 48,711,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$437.17 Million | +20.52% |
| Dividends Paid | NT$302.48 Million | -14.2% |
| Other Changes | NT$48.71 Million | +2.29% |
| Total Change | NT$- | 9.42% |
Book Value vs Market Value Analysis
This analysis compares Welldone Co'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: 2.25x
- 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 3.88x to 2.25x 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$12.68 | NT$49.20 | x |
| 2018-12-31 | NT$12.42 | NT$49.20 | x |
| 2019-12-31 | NT$13.28 | NT$49.20 | x |
| 2020-12-31 | NT$13.88 | NT$49.20 | x |
| 2021-12-31 | NT$14.66 | NT$49.20 | x |
| 2022-12-31 | NT$15.61 | NT$49.20 | x |
| 2023-12-31 | NT$20.26 | NT$49.20 | x |
| 2024-12-31 | NT$20.02 | NT$49.20 | x |
| 2025-12-31 | NT$21.90 | NT$49.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Welldone Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.72%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.05x
- Recent ROE (20.52%) is above the historical average (11.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.15% | 0.06% | 1.11x | 2.44x | NT$-112.00 Million |
| 2018 | 0.20% | 0.07% | 1.26x | 2.26x | NT$-109.16 Million |
| 2019 | 7.38% | 2.22% | 1.23x | 2.69x | NT$-30.37 Million |
| 2020 | 11.42% | 3.99% | 1.16x | 2.47x | NT$17.71 Million |
| 2021 | 12.41% | 5.45% | 0.93x | 2.45x | NT$31.52 Million |
| 2022 | 17.03% | 9.64% | 0.78x | 2.27x | NT$98.24 Million |
| 2023 | 13.20% | 11.02% | 0.55x | 2.18x | NT$60.45 Million |
| 2024 | 16.96% | 11.36% | 0.65x | 2.30x | NT$135.43 Million |
| 2025 | 20.52% | 13.72% | 0.73x | 2.05x | NT$224.14 Million |
Industry Comparison
This section compares Welldone Co's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $112,301,752,750
- Average return on equity (ROE) among peers: 12.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Welldone Co (6170) | NT$1.97 Billion | 0.15% | 1.70x | $150.76 Million |
| Chunghwa Telecom Co (2412) | $373.04 Billion | 12.62% | 0.19x | $38.86 Billion |
| Far EasTone Telecommunications Co Ltd (4904) | $73.53 Billion | 15.62% | 0.68x | $12.79 Billion |
| Hwacom Systems (6163) | $1.82 Billion | 0.14% | 1.56x | $176.79 Million |
| Chief Telecom Inc (6561) | $812.00 Million | 21.18% | 0.41x | $768.60 Million |
About Welldone Co
Welldone Company, together with its subsidiaries, engages in telecommunication, IC, and other access businesses in Taiwan. It sells prepaid mobile SIM cards, trading of internet game point cards, micro payment services, and foreign migrant worker remittance services. The company also engages in the mobile phone top-up services; international human resources business services project, including hu… Read more