Tsky Co.,Ltd
Tsky Co.,Ltd engages in the design, development, manufacture, and sale of GPS watches and bands, and wearable devices for applications in golf, running, cycling, swimming, and track record; antenna, including Wi-Fi, 3G, 4G, and Tx and Rx stations, wire, and RF connector. The company was founded in 2006 and is headquartered in Zhubei City, Taiwan.
Tsky Co.,Ltd (6784) - Net Assets
Latest net assets as of June 2025: NT$189.41 Million TWD
Based on the latest financial reports, Tsky Co.,Ltd (6784) has net assets worth NT$189.41 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$257.29 Million) and total liabilities (NT$67.88 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$189.41 Million |
| % of Total Assets | 73.62% |
| Annual Growth Rate | -2.14% |
| 5-Year Change | -11.14% |
| 10-Year Change | N/A |
| Growth Volatility | 6.43 |
Tsky Co.,Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Tsky 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 Tsky Co.,Ltd (2019–2024)
The table below shows the annual net assets of Tsky Co.,Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$195.12 Million | +1.43% |
| 2023-12-31 | NT$192.36 Million | -14.61% |
| 2022-12-31 | NT$225.28 Million | +2.94% |
| 2021-12-31 | NT$218.84 Million | -0.34% |
| 2020-12-31 | NT$219.59 Million | +0.99% |
| 2019-12-31 | NT$217.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tsky 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 92.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.02 Million | 1.04% |
| Common Stock | NT$184.46 Million | 94.54% |
| Other Comprehensive Income | NT$-961.00K | -0.49% |
| Other Components | NT$9.60 Million | 4.92% |
| Total Equity | NT$195.12 Million | 100.00% |
Tsky Co.,Ltd Competitors by Market Cap
The table below lists competitors of Tsky Co.,Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhong Yuan Bio-Technology Holdings Limited
PINK:ZHYBF
|
$7.15 Million |
|
Excel Force MSC Bhd
KLSE:0065
|
$7.15 Million |
|
An Pha Petroleum Group JSC
VN:ASP
|
$7.15 Million |
|
Kantone Holdings Limited
PINK:KTHGF
|
$7.15 Million |
|
Alset Ehome International Inc
NASDAQ:AEI
|
$7.15 Million |
|
Kirkstone Metals Corp.
V:KSM
|
$7.14 Million |
|
Talisman Mining Ltd
F:RJA
|
$7.14 Million |
|
Induct AS
OL:INDCT
|
$7.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tsky Co.,Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 192,360,000 to 195,120,000, a change of 2,760,000 (1.4%).
- Net income of 2,022,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 15,580,000.
- Other factors increased equity by 16,318,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.02 Million | +1.04% |
| Other Comprehensive Income | NT$-15.58 Million | -7.98% |
| Other Changes | NT$16.32 Million | +8.36% |
| Total Change | NT$- | 1.43% |
Book Value vs Market Value Analysis
This analysis compares Tsky 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: 1.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.56x to 1.80x 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$12.21 | NT$19.00 | x |
| 2020-12-31 | NT$12.38 | NT$19.00 | x |
| 2021-12-31 | NT$11.84 | NT$19.00 | x |
| 2022-12-31 | NT$12.19 | NT$19.00 | x |
| 2023-12-31 | NT$10.43 | NT$19.00 | x |
| 2024-12-31 | NT$10.57 | NT$19.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tsky Co.,Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.66%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.70x
- Recent ROE (1.04%) is above the historical average (0.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 4.05% | 3.79% | 0.82x | 1.30x | NT$-12.94 Million |
| 2020 | 2.30% | 2.26% | 0.71x | 1.42x | NT$-16.92 Million |
| 2021 | 1.65% | 1.50% | 0.86x | 1.28x | NT$-18.27 Million |
| 2022 | 5.77% | 4.26% | 0.94x | 1.44x | NT$-9.52 Million |
| 2023 | -12.28% | -8.55% | 1.00x | 1.44x | NT$-42.85 Million |
| 2024 | 1.04% | 0.66% | 0.93x | 1.70x | NT$-17.49 Million |
Industry Comparison
This section compares Tsky Co.,Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $2,097,866,900
- Average return on equity (ROE) among peers: 8.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tsky Co.,Ltd (6784) | NT$189.41 Million | 4.05% | 0.36x | $7.15 Million |
| Lung Hwa Electronics Co Ltd (2424) | $317.59 Million | -9.51% | 0.16x | $12.31 Million |
| Merry Electronics Co Ltd (2439) | $4.48 Billion | 11.80% | 0.70x | $575.01 Million |
| Taiwan Line Tek Electronic Co Ltd (2462) | $1.09 Billion | 13.77% | 1.24x | $64.60 Million |
| Meiloon Industrial Co Ltd (2477) | $4.29 Billion | 0.87% | 0.81x | $54.46 Million |
| Hanpin Electron Co Ltd (2488) | $1.48 Billion | 6.42% | 0.67x | $80.39 Million |
| Action Electronics Co Ltd (3024) | $3.52 Billion | -15.62% | 0.96x | $71.35 Million |
| Global View Co Ltd (3040) | $1.93 Billion | 36.06% | 0.07x | $52.63 Million |
| U-Tech Media Corp (3050) | $2.69 Billion | 4.90% | 0.95x | $41.58 Million |
| Phonic Corporation (3067) | $252.03 Million | 37.34% | 0.26x | $5.09K |
| New Advanced Electronics Technologies Co Ltd (3465) | $928.88 Million | 2.97% | 1.17x | $17.64 Million |