Sung Gang Asset Management Ltd (6240) - Net Assets
Based on the latest financial reports, Sung Gang Asset Management Ltd (6240) has net assets worth NT$377.34 Million TWD (≈ $11.89 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$913.51 Million ≈ $28.78 Million USD) and total liabilities (NT$536.17 Million ≈ $16.89 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 strategic asset allocation of Sung Gang Asset Management Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$377.34 Million |
| % of Total Assets | 41.31% |
| Annual Growth Rate | 5.68% |
| 5-Year Change | 21.5% |
| 10-Year Change | N/A |
| Growth Volatility | 13.72 |
Sung Gang Asset Management Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Sung Gang Asset Management Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 6240 market cap.
Annual Net Assets for Sung Gang Asset Management Ltd (2017–2025)
The table below shows the annual net assets of Sung Gang Asset Management Ltd from 2017 to 2025. Also explore 6240 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$418.27 Million ≈ $13.18 Million |
+2.16% |
| 2024-12-31 | NT$409.42 Million ≈ $12.90 Million |
+3.22% |
| 2023-12-31 | NT$396.66 Million ≈ $12.50 Million |
+0.93% |
| 2022-12-31 | NT$392.99 Million ≈ $12.38 Million |
+14.16% |
| 2021-12-31 | NT$344.25 Million ≈ $10.85 Million |
+4.75% |
| 2020-12-31 | NT$328.64 Million ≈ $10.35 Million |
-0.61% |
| 2019-12-31 | NT$330.66 Million ≈ $10.42 Million |
-11.16% |
| 2018-12-31 | NT$372.19 Million ≈ $11.73 Million |
+38.46% |
| 2017-12-31 | NT$268.81 Million ≈ $8.47 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 237.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$127.48 Million | 30.48% |
| Other Components | NT$290.79 Million | 69.52% |
| Total Equity | NT$418.27 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 |
|---|---|
|
Atalaya Mining Ltd
LSE:ATYM
|
$17.65 Million |
|
Austin Gold Corp
NYSE MKT:AUST
|
$17.66 Million |
|
Pixelplus. Co. Ltd
KQ:087600
|
$17.66 Million |
|
Ikapharmindo Putramas Tbk.
JK:IKPM
|
$17.67 Million |
|
International Battery Metals Ltd
F:8RE
|
$17.65 Million |
|
bioAffinity Technologies, Inc.
NASDAQ:BIAF
|
$17.63 Million |
|
Pivotal Metals Ltd
AU:PVT
|
$17.62 Million |
|
Swoop Holdings Ltd
AU:SWP
|
$17.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sung Gang Asset Management Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 409,419,000 to 418,269,000, a change of 8,850,000 (2.2%).
- Net loss of 26,193,000 reduced equity.
- Other factors increased equity by 35,043,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-26.19 Million | -6.26% |
| Other Changes | NT$35.04 Million | +8.38% |
| Total Change | NT$- | 2.16% |
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: 1.34x
- 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 2.11x to 1.34x 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$24.50 | x |
| 2018-12-31 | NT$16.11 | NT$24.50 | x |
| 2019-12-31 | NT$14.32 | NT$24.50 | x |
| 2020-12-31 | NT$14.33 | NT$24.50 | x |
| 2021-12-31 | NT$15.04 | NT$24.50 | x |
| 2022-12-31 | NT$17.16 | NT$24.50 | x |
| 2023-12-31 | NT$17.03 | NT$24.50 | x |
| 2024-12-31 | NT$17.90 | NT$24.50 | x |
| 2025-12-31 | NT$18.29 | NT$24.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sung Gang Asset Management Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -52.66%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.30x
- Recent ROE (-6.26%) is below the historical average (-0.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -13.62% | -20.61% | 0.21x | 3.13x | NT$-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$-32.86 Million |
| 2025 | -6.26% | -52.66% | 0.05x | 2.30x | NT$-68.02 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: $437,521,000
- Average return on equity (ROE) among peers: 7.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sung Gang Asset Management Ltd (6240) | NT$377.34 Million | -13.62% | 1.42x | $17.65 Million |
| China Times Publishing Co (8923) | $437.52 Million | 7.02% | 0.69x | $17.70 Million |
About 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