Dacome International Ltd
Dacome International Ltd. distributes and sells golf products in Taiwan and internationally. The company offers golf equipment; woods; iron set; bags, such as clothing and ball bags; clothing, including long-sleeved crew neck shirts, trousers, short-sleeved polo and crew neck shirts, shorts, and socks; and footwear which includes spiked and spikeless shoes, as well as sporting goods and accessori… Read more
Dacome International Ltd (9960) - Net Assets
Latest net assets as of September 2025: NT$625.56 Million TWD
Based on the latest financial reports, Dacome International Ltd (9960) has net assets worth NT$625.56 Million TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.04 Billion) and total liabilities (NT$418.29 Million). 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$625.56 Million |
| % of Total Assets | 59.93% |
| Annual Growth Rate | 6.61% |
| 5-Year Change | 37.82% |
| 10-Year Change | N/A |
| Growth Volatility | 3.45 |
Dacome International Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Dacome International 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 Dacome International Ltd (2017–2024)
The table below shows the annual net assets of Dacome International Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$664.29 Million | +5.19% |
| 2023-12-31 | NT$631.53 Million | +4.74% |
| 2022-12-31 | NT$602.95 Million | +13.60% |
| 2021-12-31 | NT$530.78 Million | +10.12% |
| 2020-12-31 | NT$481.99 Million | +3.56% |
| 2019-12-31 | NT$465.43 Million | +5.08% |
| 2018-12-31 | NT$442.94 Million | +4.35% |
| 2017-12-31 | NT$424.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dacome International 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 118.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$174.01 Million | 26.19% |
| Other Components | NT$490.28 Million | 73.81% |
| Total Equity | NT$664.29 Million | 100.00% |
Dacome International Ltd Competitors by Market Cap
The table below lists competitors of Dacome International Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Passus S.A.
WAR:PAS
|
$12.89 Million |
|
MeVis Medical Solutions AG
XETRA:M3V
|
$12.89 Million |
|
Centrale d'Achat Francaise pour l' Outre Mer
LSE:0HRB
|
$12.89 Million |
|
Moksh Ornaments Limited
NSE:MOKSH
|
$12.89 Million |
|
Morixe Hermanos SACI
BA:MORI
|
$12.89 Million |
|
DELTA RES LTD
F:6GO1
|
$12.88 Million |
|
KDA Group Inc
V:KDA
|
$12.88 Million |
|
Hanjoo Light Metal Co., Ltd.
KQ:198940
|
$12.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dacome International Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 631,534,000 to 664,295,000, a change of 32,761,000 (5.2%).
- Net income of 68,187,000 contributed positively to equity growth.
- Dividend payments of 57,107,000 reduced retained earnings.
- Other factors increased equity by 21,681,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$68.19 Million | +10.26% |
| Dividends Paid | NT$57.11 Million | -8.6% |
| Other Changes | NT$21.68 Million | +3.26% |
| Total Change | NT$- | 5.19% |
Book Value vs Market Value Analysis
This analysis compares Dacome International 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: 1.18x
- 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 1.84x to 1.18x 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$12.64 | NT$23.30 | x |
| 2018-12-31 | NT$13.19 | NT$23.30 | x |
| 2019-12-31 | NT$13.86 | NT$23.30 | x |
| 2020-12-31 | NT$14.33 | NT$23.30 | x |
| 2021-12-31 | NT$15.75 | NT$23.30 | x |
| 2022-12-31 | NT$17.85 | NT$23.30 | x |
| 2023-12-31 | NT$18.73 | NT$23.30 | x |
| 2024-12-31 | NT$19.78 | NT$23.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dacome International Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.68%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.66x
- Recent ROE (10.26%) is below the historical average (11.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.39% | 6.12% | 0.65x | 1.60x | NT$-15.31 Million |
| 2018 | 7.90% | 7.16% | 0.73x | 1.50x | NT$-9.31 Million |
| 2019 | 5.94% | 6.75% | 0.51x | 1.72x | NT$-18.88 Million |
| 2020 | 9.82% | 9.32% | 0.63x | 1.67x | NT$-852.40K |
| 2021 | 16.09% | 8.61% | 0.81x | 2.32x | NT$32.30 Million |
| 2022 | 20.18% | 12.82% | 0.74x | 2.14x | NT$61.40 Million |
| 2023 | 13.42% | 10.50% | 0.64x | 2.00x | NT$21.63 Million |
| 2024 | 10.26% | 9.68% | 0.64x | 1.66x | NT$1.76 Million |
Industry Comparison
This section compares Dacome International Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $6,911,801,000
- Average return on equity (ROE) among peers: 12.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dacome International Ltd (9960) | NT$625.56 Million | 6.39% | 0.67x | $12.89 Million |
| Tsann Kuen Enterprise Co Ltd (2430) | $4.72 Billion | 4.73% | 0.96x | $32.65 Million |
| Shan-Loong Transportation Co Ltd (2616) | $2.88 Billion | 7.37% | 0.95x | $46.17 Million |
| Gseven Co Ltd (2937) | $415.06 Million | 9.40% | 1.38x | $17.88 Million |
| Zhen Yu Hardware Co., Ltd. (2947) | $735.63 Million | 6.08% | 3.07x | $21.12 Million |
| Taiwan Mobile Co Ltd (3045) | $50.81 Billion | 28.92% | 0.82x | $4.88 Billion |
| Scan-D (6195) | $1.37 Billion | 19.67% | 1.19x | $19.23 Million |
| E-Life Mall Corp (6281) | $1.39 Billion | 22.75% | 1.28x | $111.02 Million |
| Afastor Corporation (6707) | $853.44 Million | 7.12% | 4.70x | $7.43K |
| Bon Fame Co Ltd (8433) | $1.34 Billion | 16.02% | 1.00x | $39.80 Million |
| North-Star International Co Ltd (8927) | $4.60 Billion | 2.86% | 2.63x | $152.61 Million |