Scan-D (6195) - Net Assets
Based on the latest financial reports, Scan-D (6195) has net assets worth NT$1.28 Billion TWD (≈ $40.43 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$3.55 Billion ≈ $111.74 Million USD) and total liabilities (NT$2.26 Billion ≈ $71.30 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 Scan-D liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.28 Billion |
| % of Total Assets | 36.19% |
| Annual Growth Rate | 5.75% |
| 5-Year Change | 12.75% |
| 10-Year Change | N/A |
| Growth Volatility | 8.47 |
Scan-D - Net Assets Trend (2015–2024)
This chart illustrates how Scan-D's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Scan-D for the complete picture of this company's asset base.
Annual Net Assets for Scan-D (2015–2024)
The table below shows the annual net assets of Scan-D from 2015 to 2024. For live valuation and market cap data, see Scan-D stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 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 29.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$218.30 Million | 16.57% |
| Other Components | NT$1.10 Billion | 83.43% |
| Total Equity | NT$1.32 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 |
|---|---|
|
Tracxn Technologies Limited
NSE:TRACXN
|
$37.50 Million |
|
Ostim Endustriyel Yatirimlar ve Isletme AS
IS:OSTIM
|
$37.53 Million |
|
Feerum S.A.
WAR:FEE
|
$37.54 Million |
|
Unitron Tech Co Ltd
KQ:142210
|
$37.54 Million |
|
MS Industrie AG
F:MSAG
|
$37.46 Million |
|
Beammwave AB B
ST:BEAMMW-B
|
$37.43 Million |
|
Shengfeng Development Limited Class A Ordinary Shares
NASDAQ:SFWL
|
$37.43 Million |
|
Buyung Poetra Sembada Tbk PT
JK:HOKI
|
$37.43 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 2023 to 2024, total equity changed from 1,325,488,000 to 1,317,384,000, a change of -8,104,000 (-0.6%).
- Net income of 80,410,000 contributed positively to equity growth.
- Dividend payments of 100,386,000 reduced retained earnings.
- Other comprehensive income decreased equity by 516,097,000.
- Other factors increased equity by 527,969,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$80.41 Million | +6.1% |
| Dividends Paid | NT$100.39 Million | -7.62% |
| Other Comprehensive Income | NT$-516.10 Million | -39.18% |
| Other Changes | NT$527.97 Million | +40.08% |
| Total Change | NT$- | -0.61% |
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: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.07x to 0.90x 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$23.70 | x |
| 2018-12-31 | NT$22.60 | NT$23.70 | x |
| 2019-12-31 | NT$21.73 | NT$23.70 | x |
| 2020-12-31 | NT$23.47 | NT$23.70 | x |
| 2021-12-31 | NT$27.11 | NT$23.70 | x |
| 2022-12-31 | NT$27.42 | NT$23.70 | x |
| 2023-12-31 | NT$26.30 | NT$23.70 | x |
| 2024-12-31 | NT$26.25 | NT$23.70 | 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): 6.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.51%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.77x
- Recent ROE (6.10%) is below the historical average (16.08%), 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 | 2.77x | NT$-51.33 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: $9,221,141,444
- Average return on equity (ROE) among peers: 11.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Scan-D (6195) | NT$1.28 Billion | 23.90% | 1.76x | $37.48 Million |
| Tsann Kuen Enterprise Co Ltd (2430) | $4.67 Billion | 4.54% | 1.83x | $73.41 Million |
| Shan-Loong Transportation Co Ltd (2616) | $2.88 Billion | 8.64% | 0.93x | $60.81 Million |
| Collins Co Ltd (2906) | $6.51 Billion | 1.82% | 0.76x | $81.70 Million |
| Gseven Co Ltd (2937) | $388.06 Million | 6.75% | 1.30x | $60.02 Million |
| Taiwan Mobile Co Ltd (3045) | $58.52 Billion | 26.63% | 1.36x | $10.62 Billion |
| E-Life Mall Corp (6281) | $2.40 Billion | 16.89% | 0.88x | $156.22 Million |
| Bon Fame Co Ltd (8433) | $1.32 Billion | 24.71% | 1.00x | $93.77 Million |
| North-Star International Co Ltd (8927) | $2.38 Billion | 5.07% | 1.81x | $267.54 Million |
| National Petroleum Co Ltd (9937) | $3.93 Billion | 9.82% | 1.07x | $549.14 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.