Ta-Yuan Cogeneration Co Ltd
Ta-Yuan Cogeneration Company Ltd. is involved in the cogeneration business in Taiwan. The company engages in the operation and maintenance of equipment, the removal of waste, and the management of incinerators. It also generates and transfers electricity. The company was incorporated in 1993 and is based in Taoyuan City, Taiwan.
Ta-Yuan Cogeneration Co Ltd (8931) - Net Assets
Latest net assets as of June 2025: NT$1.98 Billion TWD
Based on the latest financial reports, Ta-Yuan Cogeneration Co Ltd (8931) has net assets worth NT$1.98 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$5.00 Billion) and total liabilities (NT$3.03 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$1.98 Billion |
| % of Total Assets | 39.48% |
| Annual Growth Rate | 1.91% |
| 5-Year Change | 3.67% |
| 10-Year Change | N/A |
| Growth Volatility | 4.66 |
Ta-Yuan Cogeneration Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Ta-Yuan Cogeneration 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 Ta-Yuan Cogeneration Co Ltd (2017–2024)
The table below shows the annual net assets of Ta-Yuan Cogeneration Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.06 Billion | -5.00% |
| 2023-12-31 | NT$2.17 Billion | -0.26% |
| 2022-12-31 | NT$2.18 Billion | +6.52% |
| 2021-12-31 | NT$2.04 Billion | +2.72% |
| 2020-12-31 | NT$1.99 Billion | +9.23% |
| 2019-12-31 | NT$1.82 Billion | +3.59% |
| 2018-12-31 | NT$1.76 Billion | -2.68% |
| 2017-12-31 | NT$1.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ta-Yuan Cogeneration 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 8.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$573.19 Million | 27.79% |
| Other Components | NT$1.49 Billion | 72.21% |
| Total Equity | NT$2.06 Billion | 100.00% |
Ta-Yuan Cogeneration Co Ltd Competitors by Market Cap
The table below lists competitors of Ta-Yuan Cogeneration Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
6934
TWO:6934
|
$46.75 Million |
|
Teleste Oyj
HE:TLT1V
|
$46.75 Million |
|
Annovis Bio Inc
NYSE:ANVS
|
$46.76 Million |
|
Equatorial Pará Distribuidora de Energia S.A
SA:EQPA3
|
$46.76 Million |
|
ASICLAND
KQ:445090
|
$46.71 Million |
|
SCANA ASA NK 1
F:1MP
|
$46.71 Million |
|
Icares Medicus Inc
TWO:6612
|
$46.70 Million |
|
Hydratec Industries NV
AS:HYDRA
|
$46.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ta-Yuan Cogeneration Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,171,364,000 to 2,062,736,000, a change of -108,628,000 (-5.0%).
- Net income of 283,830,000 contributed positively to equity growth.
- Dividend payments of 256,735,000 reduced retained earnings.
- Other factors decreased equity by 135,723,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$283.83 Million | +13.76% |
| Dividends Paid | NT$256.74 Million | -12.45% |
| Other Changes | NT$-135.72 Million | -6.58% |
| Total Change | NT$- | -5.00% |
Book Value vs Market Value Analysis
This analysis compares Ta-Yuan Cogeneration 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: 2.75x
- 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 3.14x to 2.75x 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$14.78 | NT$46.40 | x |
| 2018-12-31 | NT$14.38 | NT$46.40 | x |
| 2019-12-31 | NT$14.90 | NT$46.40 | x |
| 2020-12-31 | NT$16.26 | NT$46.40 | x |
| 2021-12-31 | NT$16.70 | NT$46.40 | x |
| 2022-12-31 | NT$17.78 | NT$46.40 | x |
| 2023-12-31 | NT$17.74 | NT$46.40 | x |
| 2024-12-31 | NT$16.87 | NT$46.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ta-Yuan Cogeneration Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.27%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.39x
- Recent ROE (13.76%) is above the historical average (10.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.38% | 7.08% | 0.56x | 1.61x | NT$-65.45 Million |
| 2018 | 7.88% | 7.79% | 0.57x | 1.79x | NT$-37.31 Million |
| 2019 | 8.06% | 9.01% | 0.43x | 2.09x | NT$-35.33 Million |
| 2020 | 9.16% | 9.89% | 0.42x | 2.18x | NT$-16.76 Million |
| 2021 | 8.34% | 8.53% | 0.45x | 2.16x | NT$-34.02 Million |
| 2022 | 16.91% | 12.87% | 0.64x | 2.05x | NT$150.36 Million |
| 2023 | 13.05% | 10.43% | 0.59x | 2.10x | NT$66.20 Million |
| 2024 | 13.76% | 11.27% | 0.51x | 2.39x | NT$77.56 Million |
Industry Comparison
This section compares Ta-Yuan Cogeneration Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $86,601,000
- Average return on equity (ROE) among peers: 26.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ta-Yuan Cogeneration Co Ltd (8931) | NT$1.98 Billion | 6.38% | 1.53x | $46.73 Million |
| Seetel New Energy Co., Ltd. (7740) | $86.60 Million | 26.01% | 2.14x | $139.72 Million |