Jiu Han System Technology Co. Ltd.
Jiu Han System Technology Co., Ltd. provides engineering services in Taiwan. The company offers central system air conditioning engineering; sanitary water supply and drainage gas engineering; fire engineering; clean room engineering; air conditioning constant temperature and humidity; and monitoring and automatic control engineering services. It also engages in the indoor and outdoor high and lo… Read more
Jiu Han System Technology Co. Ltd. (6903) - Net Assets
Latest net assets as of June 2024: NT$2.99 Billion TWD
Based on the latest financial reports, Jiu Han System Technology Co. Ltd. (6903) has net assets worth NT$2.99 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$4.48 Billion) and total liabilities (NT$1.49 Billion). 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$2.99 Billion |
| % of Total Assets | 66.7% |
| Annual Growth Rate | 40.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.0 |
Jiu Han System Technology Co. Ltd. - Net Assets Trend (2020–2023)
This chart illustrates how Jiu Han System Technology 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 Jiu Han System Technology Co. Ltd. (2020–2023)
The table below shows the annual net assets of Jiu Han System Technology Co. Ltd. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$2.18 Billion | +8.91% |
| 2022-12-31 | NT$2.00 Billion | +74.90% |
| 2021-12-31 | NT$1.14 Billion | +45.79% |
| 2020-12-31 | NT$785.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiu Han System Technology 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 136.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.10 Billion | 50.60% |
| Common Stock | NT$606.00 Million | 27.79% |
| Other Components | NT$471.12 Million | 21.61% |
| Total Equity | NT$2.18 Billion | 100.00% |
Jiu Han System Technology Co. Ltd. Competitors by Market Cap
The table below lists competitors of Jiu Han System Technology Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bukwang Pharm
KO:003000
|
$369.27 Million |
|
Fujimori Kogyo Co. Ltd
F:FJ3
|
$369.35 Million |
|
Kelsian Group Ltd
AU:KLS
|
$369.42 Million |
|
Jiangsu Jiangnan High Polymer Fiber Co Ltd
SHG:600527
|
$369.42 Million |
|
VIA Technologies Inc
TW:2388
|
$369.19 Million |
|
New East New Materials Co Ltd
SHG:603110
|
$369.16 Million |
|
Shanghai Titan Scientific Co. Ltd. A
SHG:688133
|
$369.09 Million |
|
Crescent Capital BDC Inc
NASDAQ:CCAP
|
$369.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiu Han System Technology Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,001,954,000 to 2,180,305,000, a change of 178,351,000 (8.9%).
- Net income of 820,476,000 contributed positively to equity growth.
- Dividend payments of 684,815,000 reduced retained earnings.
- Other factors increased equity by 42,690,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$820.48 Million | +37.63% |
| Dividends Paid | NT$684.82 Million | -31.41% |
| Other Changes | NT$42.69 Million | +1.96% |
| Total Change | NT$- | 8.91% |
Book Value vs Market Value Analysis
This analysis compares Jiu Han System Technology 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: 9.05x
- 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 decreased from 14.56x to 9.05x 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$22.25 | NT$324.00 | x |
| 2021-12-31 | NT$19.46 | NT$324.00 | x |
| 2022-12-31 | NT$32.46 | NT$324.00 | x |
| 2023-12-31 | NT$35.80 | NT$324.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiu Han System Technology 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): 37.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.61%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.38x
- Recent ROE (37.63%) is below the historical average (50.72%), 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 | 48.01% | 17.64% | 1.34x | 2.03x | NT$298.42 Million |
| 2021 | 52.18% | 22.56% | 1.06x | 2.18x | NT$482.84 Million |
| 2022 | 65.07% | 27.61% | 1.49x | 1.58x | NT$1.10 Billion |
| 2023 | 37.63% | 28.61% | 0.95x | 1.38x | NT$602.45 Million |
Industry Comparison
This section compares Jiu Han System Technology Co. Ltd.'s net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,170,391,600
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiu Han System Technology Co. Ltd. (6903) | NT$2.99 Billion | 48.01% | 0.50x | $369.21 Million |
| Tri Ocean Textile Co Ltd (1472) | $333.36 Million | -10.62% | 2.04x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $83.75 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |