Welldone Co (6170) - Net Assets
Based on the latest financial reports, Welldone Co (6170) has net assets worth NT$1.99 Billion TWD (≈ $62.82 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$5.30 Billion ≈ $166.83 Million USD) and total liabilities (NT$3.30 Billion ≈ $104.01 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 Welldone Co (6170) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.99 Billion |
| % of Total Assets | 37.65% |
| Annual Growth Rate | 4.23% |
| 5-Year Change | 28.13% |
| 10-Year Change | N/A |
| Growth Volatility | 14.34 |
Welldone Co - Net Assets Trend (2017–2024)
This chart illustrates how Welldone Co's net assets have evolved over time, based on quarterly financial data. Also explore how large is Welldone Co's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Welldone Co (2017–2024)
The table below shows the annual net assets of Welldone Co from 2017 to 2024. For live valuation and market cap data, see market value of Welldone Co.
| Year | Net Assets | Change |
|---|---|---|
| 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 195.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$368.19 Million | 18.91% |
| Other Components | NT$1.58 Billion | 81.09% |
| Total Equity | NT$1.95 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 |
|---|---|
|
Ta-Yuan Cogeneration Co Ltd
TWO:8931
|
$159.65 Million |
|
Samindo Resources Tbk
JK:MYOH
|
$159.66 Million |
|
Michman Basad Ltd
TA:MCMN
|
$159.67 Million |
|
S-Oil Corp Pref
KO:010955
|
$159.69 Million |
|
China Wire & Cable Co Ltd
TW:1603
|
$159.64 Million |
|
PROQR THERAPEUTICS EO-04
F:0PQ
|
$159.61 Million |
|
Generalplus Technology Inc
TW:4952
|
$159.59 Million |
|
Hanla IMS Co. Ltd
KQ:092460
|
$159.56 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 2023 to 2024, total equity changed from 1,886,669,000 to 1,946,892,000, a change of 60,223,000 (3.2%).
- Net income of 330,117,000 contributed positively to equity growth.
- Dividend payments of 265,520,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$330.12 Million | +16.96% |
| Dividends Paid | NT$265.52 Million | -13.64% |
| Other Changes | NT$-4.37 Million | -0.22% |
| Total Change | NT$- | 3.19% |
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: 2.60x
- 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 4.11x to 2.60x 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$52.10 | x |
| 2018-12-31 | NT$12.42 | NT$52.10 | x |
| 2019-12-31 | NT$13.28 | NT$52.10 | x |
| 2020-12-31 | NT$13.88 | NT$52.10 | x |
| 2021-12-31 | NT$14.66 | NT$52.10 | x |
| 2022-12-31 | NT$15.61 | NT$52.10 | x |
| 2023-12-31 | NT$20.26 | NT$52.10 | x |
| 2024-12-31 | NT$20.02 | NT$52.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Welldone Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.36%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.30x
- Recent ROE (16.96%) is above the historical average (9.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.15% | 0.06% | 1.11x | 2.44x | NT$-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 |
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: $116,943,984,000
- Average return on equity (ROE) among peers: 12.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Welldone Co (6170) | NT$1.99 Billion | 0.15% | 1.66x | $159.65 Million |
| Chunghwa Telecom Co (2412) | $391.74 Billion | 9.28% | 0.34x | $33.24 Billion |
| Far EasTone Telecommunications Co Ltd (4904) | $71.72 Billion | 15.88% | 0.85x | $10.74 Billion |
| Hwacom Systems (6163) | $1.47 Billion | 7.97% | 1.57x | $249.68 Million |
| Chief Telecom Inc (6561) | $2.85 Billion | 17.01% | 0.17x | $836.31 Million |
About Welldone Co
Welldone Company, together with its subsidiaries, engages in telecommunication, IC, and other access businesses primarily in Taiwan. It sells prepaid mobile SIM cards, trading of online game point cards, and foreign migrant worker remittance services. The company also engages in the mobile phone top-up services; international human resources business services project, including human resources ag… Read more