China Times Publishing Co Net Assets
China Times Publishing Co net assets. Based on the latest financial reports, China Times Publishing Co (8923) has net assets worth NT$443.91 Million TWD (≈ $13.99 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$878.03 Million ≈ $27.66 Million USD) and total liabilities (NT$434.12 Million ≈ $13.68 Million USD). 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. Also explore China Times Publishing Co annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$443.91 Million |
| % of Total Assets | 50.56% |
| Annual Growth Rate | 0.48% |
| 5-Year Change | 3.57% |
| 10-Year Change | N/A |
| Growth Volatility | 0.87 |
Net Assets of China Times Publishing Co (2016–2024)
Net assets of China Times Publishing Co from 2016 to 2024. This chart illustrates how China Times Publishing Co's net assets have evolved over time, based on quarterly financial data. See 8923 equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for China Times Publishing Co (2016–2024)
The table below shows the annual net assets of China Times Publishing Co from 2016 to 2024. For live market cap and overall valuation, see how much is China Times Publishing Co worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$454.44 Million ≈ $14.32 Million |
+1.19% |
| 2023-12-31 | NT$449.08 Million ≈ $14.15 Million |
-0.74% |
| 2022-12-31 | NT$452.42 Million ≈ $14.25 Million |
+1.97% |
| 2021-12-31 | NT$443.67 Million ≈ $13.98 Million |
+1.11% |
| 2020-12-31 | NT$438.80 Million ≈ $13.82 Million |
+0.25% |
| 2019-12-31 | NT$437.70 Million ≈ $13.79 Million |
+0.32% |
| 2018-12-31 | NT$436.30 Million ≈ $13.75 Million |
+0.43% |
| 2017-12-31 | NT$434.44 Million ≈ $13.69 Million |
-0.70% |
| 2016-12-31 | NT$437.52 Million ≈ $13.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Times Publishing Co'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 3.4% over the analyzed period, potentially due to dividend distributions or operating losses.
China Times Publishing Co Net Assets Breakdown (December 2024)
China Times Publishing Co net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$44.91 Million | 9.88% |
| Other Components | NT$409.53 Million | 90.12% |
| Total Equity | NT$454.44 Million | 100.00% |
China Times Publishing Co Competitors by Market Cap
The table below lists competitors of China Times Publishing Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Archos
PA:ALJXR
|
$17.47 Million |
|
Bright Scholar Education Holdings Ltd Class A
NYSE:BEDU
|
$17.48 Million |
|
NORTHERN FREEGOLD
F:8N6
|
$17.49 Million |
|
KONG SUN (BL25000)
F:KOJ5
|
$17.50 Million |
|
Hands Corporation Ltd
KO:143210
|
$17.46 Million |
|
Chiangmai Frozen Foods Public Company Limited
BK:CM
|
$17.46 Million |
|
Precio Fishbone AB (publ)
ST:PRCO-B
|
$17.44 Million |
|
Aneka Jaringan Holdings Bhd
KLSE:0226
|
$17.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Times Publishing Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 449,083,000 to 454,445,000, a change of 5,362,000 (1.2%).
- Net income of 28,381,000 contributed positively to equity growth.
- Dividend payments of 24,300,000 reduced retained earnings.
- Other comprehensive income decreased equity by 90,163,000.
- Other factors increased equity by 91,444,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$28.38 Million | +6.25% |
| Dividends Paid | NT$24.30 Million | -5.35% |
| Other Comprehensive Income | NT$-90.16 Million | -19.84% |
| Other Changes | NT$91.44 Million | +20.12% |
| Total Change | NT$- | 1.19% |
Book Value vs Market Value Analysis
This analysis compares China Times Publishing Co'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: 1.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$14.37 | NT$18.25 | x |
| 2017-12-31 | NT$14.26 | NT$18.25 | x |
| 2018-12-31 | NT$14.32 | NT$18.25 | x |
| 2019-12-31 | NT$14.37 | NT$18.25 | x |
| 2020-12-31 | NT$14.40 | NT$18.25 | x |
| 2021-12-31 | NT$14.57 | NT$18.25 | x |
| 2022-12-31 | NT$14.86 | NT$18.25 | x |
| 2023-12-31 | NT$14.75 | NT$18.25 | x |
| 2024-12-31 | NT$14.96 | NT$18.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Times Publishing Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.51%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.96x
- Recent ROE (6.25%) is below the historical average (6.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.02% | 6.94% | 0.60x | 1.69x | NT$-13.06 Million |
| 2017 | 7.25% | 7.30% | 0.56x | 1.76x | NT$-11.95 Million |
| 2018 | 6.64% | 6.86% | 0.55x | 1.75x | NT$-14.68 Million |
| 2019 | 6.92% | 7.08% | 0.55x | 1.79x | NT$-13.47 Million |
| 2020 | 6.54% | 6.55% | 0.56x | 1.79x | NT$-15.19 Million |
| 2021 | 6.82% | 6.86% | 0.55x | 1.80x | NT$-14.11 Million |
| 2022 | 7.61% | 7.34% | 0.53x | 1.95x | NT$-10.83 Million |
| 2023 | 5.98% | 6.30% | 0.50x | 1.90x | NT$-18.05 Million |
| 2024 | 6.25% | 6.51% | 0.49x | 1.96x | NT$-17.06 Million |
Industry Comparison
This section compares China Times Publishing Co's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $409,419,000
- Average return on equity (ROE) among peers: 1.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Times Publishing Co (8923) | NT$443.91 Million | 7.02% | 0.98x | $17.47 Million |
| Sung Gang Asset Management Ltd (6240) | $409.42 Million | 1.97% | 1.39x | $25.83 Million |
About China Times Publishing Co
China Times Publishing Comp. publishes and sells Chinese books in Taiwan and internationally. Its publications include literature, fiction, prose, history, law, politics, religion, philosophy, humanities and society, culture, biographical, art, photography, film and television, DVD, VCD, CD, nature, science popularization, mathematical, tourism, common sense, comics, graphics, cartoons, parent-ch… Read more