Techcential International Ltd (6616) - Net Assets
Based on the latest financial reports, Techcential International Ltd (6616) has net assets worth NT$445.05 Million TWD (≈ $14.02 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$762.48 Million ≈ $24.02 Million USD) and total liabilities (NT$317.43 Million ≈ $10.00 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 6616 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$445.05 Million |
| % of Total Assets | 58.37% |
| Annual Growth Rate | 7.2% |
| 5-Year Change | 20.55% |
| 10-Year Change | N/A |
| Growth Volatility | 10.85 |
Techcential International Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Techcential International Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Techcential International Ltd stock valuation.
Annual Net Assets for Techcential International Ltd (2017–2025)
The table below shows the annual net assets of Techcential International Ltd from 2017 to 2025. Also explore how fast is Techcential International Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$445.05 Million ≈ $14.02 Million |
+1.77% |
| 2024-12-31 | NT$437.33 Million ≈ $13.78 Million |
+1.43% |
| 2023-12-31 | NT$431.19 Million ≈ $13.58 Million |
+1.41% |
| 2022-12-31 | NT$425.19 Million ≈ $13.40 Million |
+15.17% |
| 2021-12-31 | NT$369.18 Million ≈ $11.63 Million |
-3.62% |
| 2020-12-31 | NT$383.06 Million ≈ $12.07 Million |
-2.17% |
| 2019-12-31 | NT$391.56 Million ≈ $12.34 Million |
+20.71% |
| 2018-12-31 | NT$324.38 Million ≈ $10.22 Million |
+27.12% |
| 2017-12-31 | NT$255.18 Million ≈ $8.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Techcential International 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 258.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$497.42 Million | 110.99% |
| Total Equity | NT$448.16 Million | 100.00% |
Techcential International Ltd Competitors by Market Cap
The table below lists competitors of Techcential International Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Reliance Home Finance Limited
NSE:RHFL
|
$9.39 Million |
|
Ecoscience International Berhad
KLSE:0255
|
$9.39 Million |
|
AGROB Immobilien AG
F:AGR
|
$9.40 Million |
|
Flexidynamic Holdings Bhd
KLSE:0231
|
$9.40 Million |
|
Infrared Cameras Holdings Inc
NASDAQ:MSAI
|
$9.38 Million |
|
Vanadium Resources Ltd
AU:VR8
|
$9.38 Million |
|
Seacera Group Bhd
KLSE:7073
|
$9.37 Million |
|
Micronet Ltd
TA:MCRNT
|
$9.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Techcential International Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 440,209,000 to 448,157,000, a change of 7,948,000 (1.8%).
- Net loss of 21,434,000 reduced equity.
- Other factors increased equity by 29,382,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-21.43 Million | -4.78% |
| Other Changes | NT$29.38 Million | +6.56% |
| Total Change | NT$- | 1.81% |
Book Value vs Market Value Analysis
This analysis compares Techcential International 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: 0.66x
- 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 0.77x to 0.66x 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$10.91 | NT$8.39 | x |
| 2018-12-31 | NT$12.31 | NT$8.39 | x |
| 2019-12-31 | NT$14.10 | NT$8.39 | x |
| 2020-12-31 | NT$11.40 | NT$8.39 | x |
| 2021-12-31 | NT$14.01 | NT$8.39 | x |
| 2022-12-31 | NT$11.39 | NT$8.39 | x |
| 2023-12-31 | NT$13.96 | NT$8.39 | x |
| 2024-12-31 | NT$12.41 | NT$8.39 | x |
| 2025-12-31 | NT$12.63 | NT$8.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Techcential International 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): -4.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.09%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 1.70x
- Recent ROE (-4.78%) is below the historical average (4.81%), 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 | 11.87% | 3.46% | 2.12x | 1.62x | NT$4.76 Million |
| 2018 | 11.46% | 3.42% | 1.75x | 1.92x | NT$4.73 Million |
| 2019 | 24.38% | 6.64% | 1.68x | 2.19x | NT$54.29 Million |
| 2020 | 16.64% | 4.87% | 1.31x | 2.62x | NT$24.50 Million |
| 2021 | -7.20% | -2.89% | 1.01x | 2.47x | NT$-61.69 Million |
| 2022 | 7.45% | 2.71% | 1.48x | 1.86x | NT$-10.67 Million |
| 2023 | -5.56% | -2.35% | 1.27x | 1.86x | NT$-66.54 Million |
| 2024 | -11.00% | -4.16% | 1.56x | 1.70x | NT$-92.43 Million |
| 2025 | -4.78% | -2.09% | 1.35x | 1.70x | NT$-66.25 Million |
Industry Comparison
This section compares Techcential International Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,033,481,300
- Average return on equity (ROE) among peers: 4.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Techcential International Ltd (6616) | NT$445.05 Million | 11.87% | 0.71x | $9.38 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $8.61 Billion | 2.94% | 0.39x | $222.64 Million |
| Sampo Corp (1604) | $8.66 Billion | 19.26% | 0.50x | $274.96 Million |
| China Electric Manufacturing Corp (1611) | $4.24 Billion | -20.25% | 0.58x | $115.91 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.12 Billion | 4.71% | 0.30x | $252.48 Million |
| Airmate Cayman International Co Ltd (1626) | $2.71 Billion | 10.43% | 1.84x | $45.64 Million |
| Hocheng Corp (1810) | $5.54 Billion | -1.18% | 0.95x | $223.49 Million |
| King Slide Works Co Ltd (2059) | $15.64 Billion | 25.94% | 0.23x | $36.16 Billion |
| Fortune Oriental Co Ltd (2491) | $4.23 Billion | 0.00% | 0.95x | $104.77 Million |
| Ado Optronics (3516) | $1.30 Billion | 3.37% | 0.48x | $47.57 Million |
| Mosa Industrial Corp (4564) | $4.29 Billion | 1.30% | 0.84x | $116.25 Million |
About Techcential International Ltd
Techcential International Ltd engages in the manufacture and sale of American wooden bedroom furniture products worldwide. The company offers five-piece bedroom furniture. It also engages in the manufacturing and sales of wooden kitchen cabinets and furniture; management consulting; fuel manufacturing and sales, and rental equipment; procurement, processing and manufacturing of boards, rubber woo… Read more