Dynamic Precision Industry
Dynamic Precision Industry Corporation manufactures and sells golf equipment worldwide. The company offers wood row (MW) golf, iron golf, putter golf, and fairway golf equipment. It also offers golf hardware casting equipment. The company was formerly known as DYNAMIC Precision Industry Manufacturing Company, Ltd. and changed its name to Dynamic Precision Industry Corporation in January 2000. Dyn… Read more
Dynamic Precision Industry (8928) - Net Assets
Latest net assets as of December 2025: NT$1.09 Billion TWD
Based on the latest financial reports, Dynamic Precision Industry (8928) has net assets worth NT$1.09 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.63 Billion) and total liabilities (NT$2.54 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$1.09 Billion |
| % of Total Assets | 30.03% |
| Annual Growth Rate | 1.25% |
| 5-Year Change | 9.53% |
| 10-Year Change | 55.83% |
| Growth Volatility | 16.85 |
Dynamic Precision Industry - Net Assets Trend (2002–2025)
This chart illustrates how Dynamic Precision Industry's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dynamic Precision Industry (2002–2025)
The table below shows the annual net assets of Dynamic Precision Industry from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.09 Billion | -1.58% |
| 2024-12-31 | NT$1.11 Billion | +12.89% |
| 2023-12-31 | NT$982.11 Million | -14.49% |
| 2022-12-31 | NT$1.15 Billion | +15.28% |
| 2021-12-31 | NT$996.25 Million | +17.06% |
| 2020-12-31 | NT$851.07 Million | +2.78% |
| 2019-12-31 | NT$828.01 Million | +14.41% |
| 2018-12-31 | NT$723.74 Million | +1.63% |
| 2017-12-31 | NT$712.13 Million | +1.70% |
| 2016-12-31 | NT$700.22 Million | -6.93% |
| 2015-12-31 | NT$752.34 Million | +15.75% |
| 2014-12-31 | NT$649.98 Million | +50.12% |
| 2013-12-31 | NT$432.98 Million | -3.68% |
| 2012-12-31 | NT$449.52 Million | -24.89% |
| 2011-12-31 | NT$598.50 Million | +16.50% |
| 2010-12-31 | NT$513.74 Million | -29.76% |
| 2009-12-31 | NT$731.45 Million | -8.18% |
| 2008-12-31 | NT$796.65 Million | -0.92% |
| 2007-12-31 | NT$804.03 Million | +17.13% |
| 2006-12-31 | NT$686.42 Million | -3.70% |
| 2005-12-31 | NT$712.80 Million | +7.52% |
| 2004-12-31 | NT$662.97 Million | -22.61% |
| 2003-12-31 | NT$856.66 Million | +4.52% |
| 2002-12-31 | NT$819.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dynamic Precision Industry'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 394.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$603.52 Million | 55.31% |
| Other Components | NT$487.65 Million | 44.69% |
| Total Equity | NT$1.09 Billion | 100.00% |
Dynamic Precision Industry Competitors by Market Cap
The table below lists competitors of Dynamic Precision Industry ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Otovo AS
OL:OTOVO
|
$20.63 Million |
|
Leoch International Technology Limited
F:0LT
|
$20.63 Million |
|
Titania Holding AB Series B
ST:TITA-B
|
$20.63 Million |
|
Beauty Community Public Company Limited
BK:BEAUTY
|
$20.64 Million |
|
Daesung Private Equity Inc
KQ:027830
|
$20.62 Million |
|
Best Agrolife Limited
NSE:BESTAGRO
|
$20.62 Million |
|
ONCOARENDI THERAP ZY-01
F:1B1
|
$20.62 Million |
|
4DS Memory Limited
PINK:FRDSF
|
$20.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dynamic Precision Industry's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,108,677,000 to 1,091,174,000, a change of -17,503,000 (-1.6%).
- Net income of 72,043,000 contributed positively to equity growth.
- Dividend payments of 86,452,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$72.04 Million | +6.6% |
| Dividends Paid | NT$86.45 Million | -7.92% |
| Other Changes | NT$-3.09 Million | -0.28% |
| Total Change | NT$- | -1.58% |
Book Value vs Market Value Analysis
This analysis compares Dynamic Precision Industry'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: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.68x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$14.00 | NT$23.50 | x |
| 2018-12-31 | NT$14.23 | NT$23.50 | x |
| 2019-12-31 | NT$16.20 | NT$23.50 | x |
| 2020-12-31 | NT$16.65 | NT$23.50 | x |
| 2021-12-31 | NT$19.45 | NT$23.50 | x |
| 2022-12-31 | NT$22.38 | NT$23.50 | x |
| 2023-12-31 | NT$19.31 | NT$23.50 | x |
| 2024-12-31 | NT$21.80 | NT$23.50 | x |
| 2025-12-31 | NT$21.46 | NT$23.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dynamic Precision Industry 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): 6.60%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.11%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 3.33x
- Recent ROE (6.60%) is below the historical average (12.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.01% | 5.77% | 1.03x | 1.68x | NT$81.50K |
| 2003 | 10.51% | 6.26% | 1.12x | 1.51x | NT$4.39 Million |
| 2005 | 8.87% | 3.71% | 1.16x | 2.05x | NT$-8.05 Million |
| 2007 | 12.32% | 4.71% | 1.53x | 1.71x | NT$18.63 Million |
| 2008 | 8.16% | 3.17% | 1.44x | 1.79x | NT$-14.66 Million |
| 2009 | 0.09% | 0.04% | 1.36x | 1.71x | NT$-72.52 Million |
| 2011 | 1.77% | 0.51% | 1.28x | 2.73x | NT$-49.26 Million |
| 2013 | 3.04% | 0.64% | 1.56x | 3.07x | NT$-30.14 Million |
| 2014 | 33.26% | 9.97% | 1.24x | 2.69x | NT$151.16 Million |
| 2015 | 27.08% | 10.04% | 1.16x | 2.32x | NT$128.48 Million |
| 2016 | 12.22% | 4.33% | 1.14x | 2.47x | NT$15.55 Million |
| 2017 | 12.72% | 4.66% | 1.09x | 2.50x | NT$19.40 Million |
| 2018 | 11.25% | 4.35% | 0.92x | 2.81x | NT$9.07 Million |
| 2019 | 20.24% | 6.94% | 1.02x | 2.87x | NT$84.80 Million |
| 2020 | 14.95% | 5.69% | 0.87x | 3.03x | NT$42.12 Million |
| 2021 | 23.99% | 7.74% | 1.03x | 3.02x | NT$139.38 Million |
| 2022 | 24.91% | 8.43% | 0.93x | 3.18x | NT$171.22 Million |
| 2023 | -3.69% | -1.40% | 0.80x | 3.29x | NT$-134.47 Million |
| 2024 | 12.62% | 4.42% | 0.91x | 3.14x | NT$29.01 Million |
| 2025 | 6.60% | 2.11% | 0.94x | 3.33x | NT$-37.07 Million |
Industry Comparison
This section compares Dynamic Precision Industry's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,534,298,600
- Average return on equity (ROE) among peers: 8.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dynamic Precision Industry (8928) | NT$1.09 Billion | 10.01% | 2.33x | $20.63 Million |
| Trk Corp (1432) | $1.97 Billion | -7.22% | 0.59x | $33.01 Million |
| Rexon Industrial Corp Ltd (1515) | $3.82 Billion | 8.08% | 1.41x | $101.35 Million |
| Sun Race Sturmey-Archer Inc (1526) | $1.43 Billion | 27.02% | 1.03x | $22.48 Million |
| Chi Hua Fitness Co Ltd (1593) | $898.86 Million | 13.38% | 0.22x | $28.89 Million |
| Dyaco International Inc (1598) | $4.06 Billion | -2.33% | 1.94x | $63.81 Million |
| Johnson Health Tech Co Ltd (1736) | $1.87 Billion | 30.80% | 1.42x | $342.33 Million |
| World Fitness Services Ltd (2762) | $2.59 Billion | 11.73% | 5.80x | $21.34K |
| Topkey Corp (4536) | $2.95 Billion | 15.30% | 1.06x | $303.96 Million |
| Brogent Technologies (5263) | $4.00 Billion | 1.84% | 0.36x | $130.25 Million |
| Janfusun Fancyworld (5701) | $1.76 Billion | -18.34% | 1.24x | $8.94 Million |