Argo Yachts Development Co.,Ltd.
Argo Yachts Development Co., Ltd. engages in the operation of yacht club in Taiwan. It offers its members sailboat and yacht rental, mooring, escrow, and driving training classes and certification services, as well as marina theme events. The company was founded in 2014 and is headquartered in Tainan City, Taiwan.
Argo Yachts Development Co.,Ltd. (7566) - Net Assets
Latest net assets as of June 2025: NT$3.41 Billion TWD
Based on the latest financial reports, Argo Yachts Development Co.,Ltd. (7566) has net assets worth NT$3.41 Billion 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$6.51 Billion) and total liabilities (NT$3.09 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$3.41 Billion |
| % of Total Assets | 52.47% |
| Annual Growth Rate | 41.61% |
| 5-Year Change | 319.02% |
| 10-Year Change | N/A |
| Growth Volatility | 43.02 |
Argo Yachts Development Co.,Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Argo Yachts Development 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 Argo Yachts Development Co.,Ltd. (2019–2024)
The table below shows the annual net assets of Argo Yachts Development Co.,Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.41 Billion | +29.94% |
| 2023-12-31 | NT$2.62 Billion | +1.18% |
| 2022-12-31 | NT$2.59 Billion | +39.32% |
| 2021-12-31 | NT$1.86 Billion | +128.75% |
| 2020-12-31 | NT$813.81 Million | +36.02% |
| 2019-12-31 | NT$598.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Argo Yachts Development 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 15941000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$137.42 Million | 4.06% |
| Common Stock | NT$1.40 Billion | 41.25% |
| Other Comprehensive Income | NT$41.62 Million | 1.23% |
| Other Components | NT$1.81 Billion | 53.46% |
| Total Equity | NT$3.38 Billion | 100.00% |
Argo Yachts Development Co.,Ltd. Competitors by Market Cap
The table below lists competitors of Argo Yachts Development Co.,Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Platform Turizm Tasimacilik AS
IS:PLTUR
|
$36.60 Million |
|
Ablerex Electronics Co Ltd
TWO:3628
|
$36.60 Million |
|
Westhaven Ventures Inc
V:WHN
|
$36.61 Million |
|
Aureus Greenway Holdings Inc. Common Stock
NASDAQ:AGH
|
$36.62 Million |
|
Dhampur Sugar Mills Limited
NSE:DHAMPURSUG
|
$36.59 Million |
|
MULTI-CHEM LTD
F:MQR1
|
$36.57 Million |
|
Mobile Infrastructure Corporation
NYSE MKT:BEEP
|
$36.57 Million |
|
Kumkang Kind
KO:014280
|
$36.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argo Yachts Development Co.,Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,581,705,000 to 3,384,632,000, a change of 802,927,000 (31.1%).
- Net loss of 24,983,000 reduced equity.
- New share issuances of 817,590,000 increased equity.
- Other comprehensive income increased equity by 6,260,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-24.98 Million | -0.74% |
| Share Issuances | NT$817.59 Million | +24.16% |
| Other Comprehensive Income | NT$6.26 Million | +0.18% |
| Other Changes | NT$4.06 Million | +0.12% |
| Total Change | NT$- | 31.10% |
Book Value vs Market Value Analysis
This analysis compares Argo Yachts Development 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: 0.61x
- 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 1.42x to 0.61x 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$10.83 | NT$15.35 | x |
| 2020-12-31 | NT$13.22 | NT$15.35 | x |
| 2021-12-31 | NT$28.59 | NT$15.35 | x |
| 2022-12-31 | NT$26.26 | NT$15.35 | x |
| 2023-12-31 | NT$23.28 | NT$15.35 | x |
| 2024-12-31 | NT$25.06 | NT$15.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argo Yachts Development Co.,Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.00%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.90x
- Recent ROE (-0.74%) is below the historical average (2.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.36% | 1.40% | 0.09x | 2.71x | NT$-56.15 Million |
| 2020 | 8.19% | 24.30% | 0.13x | 2.66x | NT$-14.43 Million |
| 2021 | 4.92% | 25.89% | 0.09x | 2.03x | NT$-93.89 Million |
| 2022 | 2.22% | 13.96% | 0.09x | 1.86x | NT$-198.89 Million |
| 2023 | 0.56% | 3.32% | 0.09x | 1.93x | NT$-243.67 Million |
| 2024 | -0.74% | -5.00% | 0.08x | 1.90x | NT$-363.45 Million |
Industry Comparison
This section compares Argo Yachts Development 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 |
|---|---|---|---|---|
| Argo Yachts Development Co.,Ltd. (7566) | NT$3.41 Billion | 0.36% | 0.91x | $36.59 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 |