ThroughTek Co., Ltd.
ThroughTek Co., Ltd. provides solutions for Internet of Things (IoT) cloud services platforms. It operates Kalay Platform, which integrates video surveillance and deploy smart consumer products to allow brand name manufacturers, telecommunications providers, system integrators, hardware manufacturers, and other service providers to offer smart solutions. The company's Kalay platform offers infras… Read more
ThroughTek Co., Ltd. (6565) - Net Assets
Latest net assets as of June 2025: NT$112.44 Million TWD
Based on the latest financial reports, ThroughTek Co., Ltd. (6565) has net assets worth NT$112.44 Million TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$249.09 Million) and total liabilities (NT$136.65 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$112.44 Million |
| % of Total Assets | 45.14% |
| Annual Growth Rate | -4.69% |
| 5-Year Change | -28.79% |
| 10-Year Change | N/A |
| Growth Volatility | 17.02 |
ThroughTek Co., Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how ThroughTek Co., 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 ThroughTek Co., Ltd. (2019–2024)
The table below shows the annual net assets of ThroughTek Co., Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$101.81 Million | +16.85% |
| 2023-12-31 | NT$87.13 Million | -24.91% |
| 2022-12-31 | NT$116.03 Million | -21.70% |
| 2021-12-31 | NT$148.19 Million | +3.65% |
| 2020-12-31 | NT$142.97 Million | +10.45% |
| 2019-12-31 | NT$129.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ThroughTek Co., 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 decreased by 4169700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$270.13 Million | 265.32% |
| Other Components | NT$15.12 Million | 14.85% |
| Total Equity | NT$101.81 Million | 100.00% |
ThroughTek Co., Ltd. Competitors by Market Cap
The table below lists competitors of ThroughTek Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Peloton Minerals Corporation
OTCQB:PMCCF
|
$8.73 Million |
|
North Energy ASA
OL:NORTH
|
$8.73 Million |
|
AUREA SA INH. EO 120
F:94P
|
$8.73 Million |
|
Darya-Varia Laboratoria Tbk
JK:DVLA
|
$8.73 Million |
|
Propert & Buil
TA:PTBL
|
$8.73 Million |
|
TBD30 AB A
F:250
|
$8.72 Million |
|
Borges Agricultural & Industrial Nuts S.A.
MC:BAIN
|
$8.72 Million |
|
I-Scream Edu Co.Ltd
KQ:289010
|
$8.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ThroughTek Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 87,133,000 to 101,813,000, a change of 14,680,000 (16.8%).
- Net income of 3,647,000 contributed positively to equity growth.
- New share issuances of 10,304,000 increased equity.
- Other comprehensive income increased equity by 15,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.65 Million | +3.58% |
| Share Issuances | NT$10.30 Million | +10.12% |
| Other Comprehensive Income | NT$15.00K | +0.01% |
| Other Changes | NT$714.00K | +0.7% |
| Total Change | NT$- | 16.85% |
Book Value vs Market Value Analysis
This analysis compares ThroughTek Co., 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: 4.37x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.32x to 4.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$4.98 | NT$16.50 | x |
| 2020-12-31 | NT$5.46 | NT$16.50 | x |
| 2021-12-31 | NT$5.64 | NT$16.50 | x |
| 2022-12-31 | NT$4.46 | NT$16.50 | x |
| 2023-12-31 | NT$3.34 | NT$16.50 | x |
| 2024-12-31 | NT$3.78 | NT$16.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ThroughTek Co., Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.36%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.40x
- Recent ROE (3.58%) is above the historical average (-12.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -25.10% | -23.06% | 0.66x | 1.66x | NT$-45.43 Million |
| 2020 | 9.09% | 6.51% | 0.83x | 1.69x | NT$-1.30 Million |
| 2021 | 2.92% | 2.86% | 0.59x | 1.73x | NT$-10.50 Million |
| 2022 | -28.91% | -26.99% | 0.60x | 1.79x | NT$-45.15 Million |
| 2023 | -34.95% | -19.49% | 0.70x | 2.55x | NT$-39.17 Million |
| 2024 | 3.58% | 1.36% | 1.10x | 2.40x | NT$-6.53 Million |
Industry Comparison
This section compares ThroughTek Co., Ltd.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,940,282,889
- Average return on equity (ROE) among peers: 12.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ThroughTek Co., Ltd. (6565) | NT$112.44 Million | -25.10% | 1.22x | $8.73 Million |
| BaaS Innovation Co., Ltd. (3555) | $560.32 Million | 7.90% | 0.16x | $59.75 Million |
| Hyweb Technology Co Ltd (5212) | $408.46 Million | 7.99% | 0.70x | $33.00 Million |
| EASYCARD Corporation (6035) | $981.05 Million | 6.15% | 12.22x | $19.91 Million |
| Egis Technology (6462) | $2.26 Billion | 26.20% | 0.60x | $245.37 Million |
| eCloudvalley Digital Technology Co. Ltd. (6689) | $3.21 Billion | 4.79% | 0.97x | $96.30 Million |
| Acer Cyber Security Inc. (6690) | $3.14 Billion | 9.77% | 0.54x | $69.96 Million |
| 91App Inc (6741) | $3.25 Billion | 15.30% | 0.54x | $121.17 Million |
| Galaxy Software Services Corporation (6752) | $820.46 Million | 16.20% | 1.28x | $86.18 Million |
| Green World Fintech Service Co. Ltd. (6763) | $2.82 Billion | 14.06% | 1.38x | $114.92 Million |