CHUNGTAI RESOURCE Technology CORP.
CHUNGTAI RESOURCE Technology CORP. engages in the mercury-containing waste treatment, waste lighting source recycling, and green industry businesses. It offers waste printed circuit board resource recycling, thermal cracking and incineration treatment, and thermal energy recovery power generation systems, etc. The company was founded in 2001 and is based in Taoyuan, Taiwan.
CHUNGTAI RESOURCE Technology CORP. (6923) - Net Assets
Latest net assets as of June 2024: NT$1.76 Billion TWD
Based on the latest financial reports, CHUNGTAI RESOURCE Technology CORP. (6923) has net assets worth NT$1.76 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$4.05 Billion) and total liabilities (NT$2.29 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$1.76 Billion |
| % of Total Assets | 43.5% |
| Annual Growth Rate | -4.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 19.34 |
CHUNGTAI RESOURCE Technology CORP. - Net Assets Trend (2019–2023)
This chart illustrates how CHUNGTAI RESOURCE Technology CORP.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CHUNGTAI RESOURCE Technology CORP. (2019–2023)
The table below shows the annual net assets of CHUNGTAI RESOURCE Technology CORP. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$1.80 Billion | +13.37% |
| 2022-12-31 | NT$1.58 Billion | +4.57% |
| 2021-12-31 | NT$1.52 Billion | +8.68% |
| 2020-12-31 | NT$1.39 Billion | -35.20% |
| 2019-12-31 | NT$2.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CHUNGTAI RESOURCE Technology CORP.'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 51.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$273.97 Million | 15.25% |
| Common Stock | NT$826.24 Million | 45.98% |
| Other Comprehensive Income | NT$-7.00 Million | -0.39% |
| Other Components | NT$703.68 Million | 39.16% |
| Total Equity | NT$1.80 Billion | 100.00% |
CHUNGTAI RESOURCE Technology CORP. Competitors by Market Cap
The table below lists competitors of CHUNGTAI RESOURCE Technology CORP. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RIVER+MERC.UK MIC.RED PR
F:3RM0
|
$23.91K |
|
BRAINJUICER GROUP
BE:BBA
|
$23.92K |
|
VECTOR
BE:VQA
|
$23.94K |
|
GPAR3F
SA:GPAR3F
|
$23.97K |
|
Motiva Infraestrutura de Mobilidade S.A.
SA:MOTV3
|
$23.85K |
|
Sauer Energy Inc
PINK:BFYW
|
$23.82K |
|
Luceco plc
LSE:LUCE
|
$23.82K |
|
HAITIAN INTERNATION
BE:HI6
|
$23.79K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CHUNGTAI RESOURCE Technology CORP.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,583,981,000 to 1,796,893,000, a change of 212,912,000 (13.4%).
- Net income of 254,624,000 contributed positively to equity growth.
- Dividend payments of 165,249,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,066,000.
- Other factors increased equity by 126,603,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$254.62 Million | +14.17% |
| Dividends Paid | NT$165.25 Million | -9.2% |
| Other Comprehensive Income | NT$-3.07 Million | -0.17% |
| Other Changes | NT$126.60 Million | +7.05% |
| Total Change | NT$- | 13.44% |
Book Value vs Market Value Analysis
This analysis compares CHUNGTAI RESOURCE Technology CORP.'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: 3.98x
- 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 4.69x to 3.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$18.46 | NT$86.50 | x |
| 2020-12-31 | NT$17.78 | NT$86.50 | x |
| 2021-12-31 | NT$19.32 | NT$86.50 | x |
| 2022-12-31 | NT$19.45 | NT$86.50 | x |
| 2023-12-31 | NT$21.72 | NT$86.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CHUNGTAI RESOURCE Technology CORP. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.01%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.17x
- Recent ROE (14.17%) is above the historical average (9.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 7.89% | 21.49% | 0.24x | 1.56x | NT$-29.01 Million |
| 2020 | 8.17% | 25.02% | 0.16x | 2.07x | NT$-25.39 Million |
| 2021 | 7.89% | 22.88% | 0.15x | 2.23x | NT$-31.94 Million |
| 2022 | 11.39% | 21.51% | 0.24x | 2.21x | NT$21.95 Million |
| 2023 | 14.17% | 20.01% | 0.33x | 2.17x | NT$74.93 Million |
Industry Comparison
This section compares CHUNGTAI RESOURCE Technology CORP.'s net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $1,239,071,778
- Average return on equity (ROE) among peers: 12.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CHUNGTAI RESOURCE Technology CORP. (6923) | NT$1.76 Billion | 7.89% | 1.30x | $23.88K |
| Taiwan Steel Union Co Ltd (6581) | $1.87 Billion | 27.48% | 0.23x | $53.37 Million |
| Ever-Clear Environmental Eng. Corp. (6624) | $351.53 Million | 15.45% | 1.03x | $22.57 Million |
| Ping Ho Environmental Technology Co., Ltd. (6771) | $716.46 Million | 21.18% | 0.81x | $30.81 Million |
| ECOVE Environment Corp (6803) | $5.65 Billion | 14.91% | 0.75x | $304.13 Million |
| Chyunn Environment Corporation (6911) | $537.93 Million | 8.22% | 0.52x | $8.88K |
| Techzone Technology Materials Co., Ltd. (6947) | $384.05 Million | 10.37% | 1.62x | $114.90 Million |
| Chin Hsin Environ Engineering Co., Ltd. (6951) | $194.12 Million | 18.31% | 1.55x | $37.49 Million |
| Enrestec Inc. (7507) | $812.37 Million | -7.49% | 0.42x | $38.15 Million |
| Revivegen Co., Ltd. (7578) | $637.22 Million | 5.58% | 0.73x | $29.43 Million |