Axman Enterprise Co. Ltd.
Axman Enterprise Co., Ltd. designs, develops, manufactures, and tests bicycles. It offers road bikes, mountain bikes, and carbon fiber frame sets. The company was founded in 1985 and is based in Changhua, Taiwan.
Axman Enterprise Co. Ltd. (6804) - Net Assets
Latest net assets as of June 2024: NT$1.31 Billion TWD
Based on the latest financial reports, Axman Enterprise Co. Ltd. (6804) has net assets worth NT$1.31 Billion TWD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.24 Billion) and total liabilities (NT$937.81 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$1.31 Billion |
| % of Total Assets | 58.19% |
| Annual Growth Rate | 30.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.81 |
Axman Enterprise Co. Ltd. - Net Assets Trend (2020–2023)
This chart illustrates how Axman Enterprise 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 Axman Enterprise Co. Ltd. (2020–2023)
The table below shows the annual net assets of Axman Enterprise Co. Ltd. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$1.39 Billion | +31.30% |
| 2022-12-31 | NT$1.06 Billion | +36.64% |
| 2021-12-31 | NT$773.70 Million | +22.54% |
| 2020-12-31 | NT$631.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Axman Enterprise 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 grown by 93.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$427.35 Million | 30.79% |
| Common Stock | NT$350.00 Million | 25.21% |
| Other Components | NT$610.71 Million | 44.00% |
| Total Equity | NT$1.39 Billion | 100.00% |
Axman Enterprise Co. Ltd. Competitors by Market Cap
The table below lists competitors of Axman Enterprise Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CL Educate Limited
NSE:CLEDUCATE
|
$9.52 Million |
|
American Clean Resources Group Inc.
PINK:ACRG
|
$9.52 Million |
|
DIAMINES AND CHEMICALS ORD (BSE)
NSE:DIAMINESQ
|
$9.53 Million |
|
Senti Biosciences Inc
NASDAQ:SNTI
|
$9.53 Million |
|
WALLBOX N.V. CL.A EO-12
F:67E
|
$9.52 Million |
|
IDI Insurance Company Ltd
TA:IDIN
|
$9.52 Million |
|
CONCEJO AB (PUBL) B SK 5
F:3W1
|
$9.51 Million |
|
Janel Corp
PINK:JANL
|
$9.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Axman Enterprise Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,057,153,000 to 1,388,063,000, a change of 330,910,000 (31.3%).
- Net income of 114,771,000 contributed positively to equity growth.
- Dividend payments of 78,000,000 reduced retained earnings.
- Other factors increased equity by 294,139,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$114.77 Million | +8.27% |
| Dividends Paid | NT$78.00 Million | -5.62% |
| Other Changes | NT$294.14 Million | +21.19% |
| Total Change | NT$- | 31.30% |
Book Value vs Market Value Analysis
This analysis compares Axman Enterprise 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: 0.40x
- 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 0.68x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$24.55 | NT$16.65 | x |
| 2021-12-31 | NT$27.76 | NT$16.65 | x |
| 2022-12-31 | NT$35.71 | NT$16.65 | x |
| 2023-12-31 | NT$41.51 | NT$16.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Axman Enterprise Co. Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.41%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 1.72x
- Recent ROE (8.27%) is below the historical average (8.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 4.09% | 1.89% | 0.85x | 2.53x | NT$-37.34 Million |
| 2021 | 6.39% | 2.75% | 0.84x | 2.76x | NT$-27.91 Million |
| 2022 | 16.17% | 5.15% | 1.43x | 2.21x | NT$65.26 Million |
| 2023 | 8.27% | 3.41% | 1.41x | 1.72x | NT$-24.04 Million |
Industry Comparison
This section compares Axman Enterprise Co. Ltd.'s net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,711,263,600
- Average return on equity (ROE) among peers: -0.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Axman Enterprise Co. Ltd. (6804) | NT$1.31 Billion | 4.09% | 0.72x | $9.52 Million |
| Trk Corp (1432) | $469.66 Million | -24.18% | 3.77x | $34.47 Million |
| Rexon Industrial Corp Ltd (1515) | $2.33 Billion | 4.56% | 1.33x | $101.55 Million |
| Sun Race Sturmey-Archer Inc (1526) | $654.76 Million | 0.00% | 1.33x | $22.79 Million |
| Chi Hua Fitness Co Ltd (1593) | $876.47 Million | 13.62% | 0.20x | $29.76 Million |
| Dyaco International Inc (1598) | $4.06 Billion | -2.33% | 1.94x | $63.34 Million |
| Johnson Health Tech Co Ltd (1736) | $9.38 Billion | 1.06% | 2.76x | $347.60 Million |
| World Fitness Services Ltd (2762) | $2.90 Billion | 1.10% | 5.19x | $22.31K |
| Topkey Corp (4536) | $2.93 Billion | 17.26% | 1.06x | $305.91 Million |
| Brogent Technologies (5263) | $2.90 Billion | 8.87% | 0.45x | $129.86 Million |
| Janfusun Fancyworld (5701) | $609.74 Million | -22.48% | 3.77x | $9.21 Million |