Sung Gang Asset Management Ltd
Sung Gang Corp.Limited provides information services in Taiwan. The company offers computer hardware and application information system maintenance services. It also provides digital transformation service design, data asset utilization strategy, and system development and integration services. In addition, the company engages in real estate leasing and financial debt acquisition businesses. The … Read more
Sung Gang Asset Management Ltd (6240) - Net Assets
Latest net assets as of September 2025: NT$376.22 Million TWD
Based on the latest financial reports, Sung Gang Asset Management Ltd (6240) has net assets worth NT$376.22 Million TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$919.79 Million) and total liabilities (NT$543.57 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$376.22 Million |
| % of Total Assets | 40.9% |
| Annual Growth Rate | 6.19% |
| 5-Year Change | 24.58% |
| 10-Year Change | N/A |
| Growth Volatility | 14.56 |
Sung Gang Asset Management Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Sung Gang Asset Management Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sung Gang Asset Management Ltd (2017–2024)
The table below shows the annual net assets of Sung Gang Asset Management Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$409.42 Million | +3.22% |
| 2023-12-31 | NT$396.66 Million | +0.93% |
| 2022-12-31 | NT$392.99 Million | +14.16% |
| 2021-12-31 | NT$344.25 Million | +4.75% |
| 2020-12-31 | NT$328.64 Million | -0.61% |
| 2019-12-31 | NT$330.66 Million | -11.16% |
| 2018-12-31 | NT$372.19 Million | +38.46% |
| 2017-12-31 | NT$268.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sung Gang Asset Management Ltd'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 308.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$154.48 Million | 37.73% |
| Other Components | NT$254.94 Million | 62.27% |
| Total Equity | NT$409.42 Million | 100.00% |
Sung Gang Asset Management Ltd Competitors by Market Cap
The table below lists competitors of Sung Gang Asset Management Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pursuit Minerals Ltd
AU:PUR
|
$4.16 Million |
|
Streamplay Studio Ltd
AU:SP8
|
$4.16 Million |
|
Comelf SA
RO:CMF
|
$4.16 Million |
|
Maral Overseas Limited
NSE:MARALOVER
|
$4.16 Million |
|
A-Smart Holdings Ltd.
F:IOTA
|
$4.16 Million |
|
Standard Industries Limited
NSE:SIL
|
$4.15 Million |
|
Unibap AB
ST:UNIBAP
|
$4.15 Million |
|
5E ADVANCED MATERIALS CDI
F:J9I0
|
$4.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sung Gang Asset Management Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 396,661,000 to 409,419,000, a change of 12,758,000 (3.2%).
- Net income of 8,079,000 contributed positively to equity growth.
- Other factors increased equity by 4,679,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$8.08 Million | +1.97% |
| Other Changes | NT$4.68 Million | +1.14% |
| Total Change | NT$- | 3.22% |
Book Value vs Market Value Analysis
This analysis compares Sung Gang Asset Management Ltd'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 1.62x 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$11.64 | NT$18.90 | x |
| 2018-12-31 | NT$16.11 | NT$18.90 | x |
| 2019-12-31 | NT$14.32 | NT$18.90 | x |
| 2020-12-31 | NT$14.33 | NT$18.90 | x |
| 2021-12-31 | NT$15.04 | NT$18.90 | x |
| 2022-12-31 | NT$17.16 | NT$18.90 | x |
| 2023-12-31 | NT$17.03 | NT$18.90 | x |
| 2024-12-31 | NT$17.90 | NT$18.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sung Gang Asset Management Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.06%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.39x
- Recent ROE (1.97%) is above the historical average (-0.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -13.62% | -20.61% | 0.21x | 3.13x | NT$-63.49 Million |
| 2018 | 8.01% | 77.11% | 0.04x | 2.43x | NT$-7.40 Million |
| 2019 | -14.86% | -170.66% | 0.03x | 3.22x | NT$-82.19 Million |
| 2020 | 0.25% | 5.88% | 0.01x | 3.12x | NT$-32.04 Million |
| 2021 | 7.52% | 198.00% | 0.01x | 2.96x | NT$-8.54 Million |
| 2022 | 12.44% | 310.49% | 0.01x | 2.70x | NT$9.58 Million |
| 2023 | -2.60% | -22.50% | 0.05x | 2.45x | NT$-50.00 Million |
| 2024 | 1.97% | 16.06% | 0.05x | 2.39x | NT$-32.86 Million |
Industry Comparison
This section compares Sung Gang Asset Management Ltd's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $454,445,000
- Average return on equity (ROE) among peers: 6.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sung Gang Asset Management Ltd (6240) | NT$376.22 Million | -13.62% | 1.44x | $4.16 Million |
| China Times Publishing Co (8923) | $454.44 Million | 6.25% | 0.96x | $5.92 Million |