Eminent Luggage Corporation
Eminent Luggage Corporation engages in designing, manufacturing, and retailing luggage and suitcase, and related parts and components in Taiwan, the United States, Singapore, China, Germany, and others. It offers hand luggage, business trolleys, check-in suitcases, and laptop backpacks; and travel accessories, including luggage covers and tags, packing cube set, portable wardrobe, hangable toilet… Read more
Eminent Luggage Corporation (9950) - Net Assets
Latest net assets as of June 2024: NT$1.49 Billion TWD
Based on the latest financial reports, Eminent Luggage Corporation (9950) has net assets worth NT$1.49 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$4.50 Billion) and total liabilities (NT$3.01 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$1.49 Billion |
| % of Total Assets | 33.2% |
| Annual Growth Rate | -27.24% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 162.72 |
Eminent Luggage Corporation - Net Assets Trend (2019–2023)
This chart illustrates how Eminent Luggage Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Eminent Luggage Corporation (2019–2023)
The table below shows the annual net assets of Eminent Luggage Corporation from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$1.36 Billion | +320.31% |
| 2022-12-31 | NT$323.66 Million | -3.19% |
| 2021-12-31 | NT$334.31 Million | -65.03% |
| 2020-12-31 | NT$955.96 Million | -80.31% |
| 2019-12-31 | NT$4.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eminent Luggage Corporation'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 15310500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.68 Billion | 125.73% |
| Other Components | NT$46.04 Million | 3.45% |
| Total Equity | NT$1.33 Billion | 100.00% |
Eminent Luggage Corporation Competitors by Market Cap
The table below lists competitors of Eminent Luggage Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Akoya Biosciences Inc
NASDAQ:AKYA
|
$16.24 Million |
|
Kaya Limited
NSE:KAYA
|
$16.24 Million |
|
Greenway Technologies Inc
PINK:GWTI
|
$16.25 Million |
|
Caspin Resources Ltd
AU:CPN
|
$16.25 Million |
|
Dongbang Agro
KO:007590
|
$16.23 Million |
|
HCL Infosystems Limited
NSE:HCL-INSYS
|
$16.23 Million |
|
Llorente & Cuenca S.A.
MC:LLYC
|
$16.22 Million |
|
Monami
KO:005360
|
$16.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eminent Luggage Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 300,195,000 to 1,333,930,000, a change of 1,033,735,000 (344.4%).
- Net income of 1,018,998,000 contributed positively to equity growth.
- Other factors increased equity by 14,737,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.02 Billion | +76.39% |
| Other Changes | NT$14.74 Million | +1.1% |
| Total Change | NT$- | 344.35% |
Book Value vs Market Value Analysis
This analysis compares Eminent Luggage Corporation'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: 1.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.22x to 1.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$8.82 | NT$10.75 | x |
| 2020-12-31 | NT$6.47 | NT$10.75 | x |
| 2021-12-31 | NT$2.26 | NT$10.75 | x |
| 2022-12-31 | NT$1.95 | NT$10.75 | x |
| 2023-12-31 | NT$7.95 | NT$10.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eminent Luggage Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 76.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.00%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 3.36x
- Recent ROE (76.39%) is above the historical average (-46.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -13.22% | -5.26% | 0.67x | 3.73x | NT$-302.56 Million |
| 2020 | -35.77% | -31.35% | 0.25x | 4.53x | NT$-437.57 Million |
| 2021 | -186.15% | -60.52% | 0.24x | 12.92x | NT$-655.77 Million |
| 2022 | -74.46% | -9.75% | 0.53x | 14.49x | NT$-253.53 Million |
| 2023 | 76.39% | 35.00% | 0.65x | 3.36x | NT$885.61 Million |
Industry Comparison
This section compares Eminent Luggage Corporation's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $23,459,661,556
- Average return on equity (ROE) among peers: 10.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eminent Luggage Corporation (9950) | NT$1.49 Billion | -13.22% | 2.01x | $16.23 Million |
| Victory New Materials Ltd Co (1340) | $1.81 Billion | 28.98% | 0.17x | $23.81 Million |
| Hsinli Chemical Industrial (4303) | $947.35 Million | 14.44% | 0.33x | $147.63 Million |
| Sports Gear Co. Ltd (6768) | $11.15 Billion | 9.40% | 0.60x | $174.21 Million |
| Lai Yih Footwear Co., Ltd. (6890) | $17.01 Billion | 12.14% | 0.37x | $629.39 Million |
| Paiho Shih Holdings Corp (8404) | $3.85 Billion | 6.03% | 0.35x | $92.78 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $14.10 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $6.24 Billion | 12.86% | 0.51x | $475.45 Million |
| Pou Chen Corp (9904) | $158.38 Billion | 8.16% | 0.91x | $1.98 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $10.17 Billion | 9.14% | 0.32x | $1.01 Billion |