Scan-D (6195) - Net Assets
Based on the latest financial reports, Scan-D (6195) has net assets worth NT$1.30 Billion TWD (≈ $40.86 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.63 Billion ≈ $114.23 Million USD) and total liabilities (NT$2.33 Billion ≈ $73.37 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 how tangible is Scan-D's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.30 Billion |
| % of Total Assets | 35.77% |
| Annual Growth Rate | 4.97% |
| 5-Year Change | -5.52% |
| 10-Year Change | 56.85% |
| Growth Volatility | 8.38 |
Scan-D - Net Assets Trend (2015–2025)
This chart illustrates how Scan-D's net assets have evolved over time, based on quarterly financial data. See Scan-D defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Scan-D (2015–2025)
The table below shows the annual net assets of Scan-D from 2015 to 2025. For live valuation and market cap data, see Scan-D stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.30 Billion ≈ $40.86 Million |
-1.86% |
| 2024-12-31 | NT$1.32 Billion ≈ $41.63 Million |
-0.58% |
| 2023-12-31 | NT$1.33 Billion ≈ $41.87 Million |
-4.35% |
| 2022-12-31 | NT$1.39 Billion ≈ $43.78 Million |
+1.24% |
| 2021-12-31 | NT$1.37 Billion ≈ $43.25 Million |
+17.11% |
| 2020-12-31 | NT$1.17 Billion ≈ $36.93 Million |
+16.16% |
| 2019-12-31 | NT$1.01 Billion ≈ $31.79 Million |
-3.24% |
| 2018-12-31 | NT$1.04 Billion ≈ $32.85 Million |
+6.50% |
| 2017-12-31 | NT$979.14 Million ≈ $30.85 Million |
+18.42% |
| 2016-12-31 | NT$826.86 Million ≈ $26.05 Million |
+3.55% |
| 2015-12-31 | NT$798.53 Million ≈ $25.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Scan-D'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 40.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$184.42 Million | 14.22% |
| Other Components | NT$1.11 Billion | 85.78% |
| Total Equity | NT$1.30 Billion | 100.00% |
Scan-D Competitors by Market Cap
The table below lists competitors of Scan-D ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korea Electronic Certification Authority Inc
KQ:041460
|
$43.41 Million |
|
Digital Multimedia Technology Co.Ltd
KQ:134580
|
$43.41 Million |
|
Softcat plc
LSE:SCT
|
$43.42 Million |
|
Ctac N.V
AS:CTAC
|
$43.44 Million |
|
S P V I Public Company Limited
BK:SPVI
|
$43.39 Million |
|
Casing Macron Technology Co Ltd
TWO:3325
|
$43.39 Million |
|
Vrancart Adjud
RO:VNC
|
$43.39 Million |
|
Comunication Weaver Co.Ltd
KQ:056360
|
$43.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Scan-D's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,317,384,000 to 1,296,918,000, a change of -20,466,000 (-1.6%).
- Net income of 49,451,000 contributed positively to equity growth.
- Dividend payments of 75,289,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$49.45 Million | +3.81% |
| Dividends Paid | NT$75.29 Million | -5.81% |
| Other Changes | NT$5.37 Million | +0.41% |
| Total Change | NT$- | -1.55% |
Book Value vs Market Value Analysis
This analysis compares Scan-D'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: 1.06x
- 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 1.24x to 1.06x 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$22.06 | NT$27.45 | x |
| 2018-12-31 | NT$22.60 | NT$27.45 | x |
| 2019-12-31 | NT$21.73 | NT$27.45 | x |
| 2020-12-31 | NT$23.47 | NT$27.45 | x |
| 2021-12-31 | NT$27.11 | NT$27.45 | x |
| 2022-12-31 | NT$27.42 | NT$27.45 | x |
| 2023-12-31 | NT$26.30 | NT$27.45 | x |
| 2024-12-31 | NT$26.25 | NT$27.45 | x |
| 2025-12-31 | NT$25.84 | NT$27.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Scan-D 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): 3.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.24%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.80x
- Recent ROE (3.81%) is below the historical average (14.97%), 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 | 23.90% | 12.03% | 1.03x | 1.94x | NT$111.02 Million |
| 2016 | 19.84% | 10.01% | 0.98x | 2.01x | NT$81.33 Million |
| 2017 | 22.34% | 12.12% | 1.14x | 1.62x | NT$120.86 Million |
| 2018 | 16.07% | 9.84% | 1.10x | 1.48x | NT$63.30 Million |
| 2019 | 10.29% | 5.66% | 0.68x | 2.69x | NT$2.91 Million |
| 2020 | 19.24% | 10.56% | 0.73x | 2.51x | NT$108.10 Million |
| 2021 | 19.72% | 11.30% | 0.79x | 2.20x | NT$133.09 Million |
| 2022 | 15.54% | 8.74% | 0.80x | 2.23x | NT$76.83 Million |
| 2023 | 7.79% | 4.38% | 0.68x | 2.60x | NT$-29.30 Million |
| 2024 | 6.10% | 3.51% | 0.63x | 2.75x | NT$-51.33 Million |
| 2025 | 3.81% | 2.24% | 0.61x | 2.80x | NT$-80.24 Million |
Industry Comparison
This section compares Scan-D's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $10,486,542,222
- Average return on equity (ROE) among peers: 14.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Scan-D (6195) | NT$1.30 Billion | 23.90% | 1.80x | $43.41 Million |
| Tsann Kuen Enterprise Co Ltd (2430) | $4.41 Billion | 21.95% | 1.43x | $67.71 Million |
| Shan-Loong Transportation Co Ltd (2616) | $3.38 Billion | 10.50% | 0.93x | $58.88 Million |
| Collins Co Ltd (2906) | $5.72 Billion | 5.29% | 0.80x | $84.99 Million |
| Gseven Co Ltd (2937) | $388.06 Million | 6.75% | 1.30x | $68.52 Million |
| Taiwan Mobile Co Ltd (3045) | $64.24 Billion | 23.25% | 1.39x | $11.36 Billion |
| E-Life Mall Corp (6281) | $1.39 Billion | 22.75% | 1.28x | $160.91 Million |
| Bon Fame Co Ltd (8433) | $2.60 Billion | 20.40% | 1.06x | $91.53 Million |
| North-Star International Co Ltd (8927) | $8.10 Billion | 1.39% | 2.59x | $272.25 Million |
| National Petroleum Co Ltd (9937) | $4.16 Billion | 15.47% | 1.35x | $538.43 Million |
About Scan-D
Scan-D Corporation engages in the wholesale and retail of furniture, beddings, kitchen utensils, and decoration products in Taiwan and Singapore. The company was founded in 1995 and is based in Taoyuan City, Taiwan.