Dacome International Ltd (9960) - Net Assets
Based on the latest financial reports, Dacome International Ltd (9960) has net assets worth NT$625.56 Million TWD (≈ $19.71 Million USD) 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 ≈ $32.89 Million USD) and total liabilities (NT$418.29 Million ≈ $13.18 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. Check 9960 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Dacome International Ltd (9960) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 9960 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$664.29 Million ≈ $20.93 Million |
+5.19% |
| 2023-12-31 | NT$631.53 Million ≈ $19.90 Million |
+4.74% |
| 2022-12-31 | NT$602.95 Million ≈ $19.00 Million |
+13.60% |
| 2021-12-31 | NT$530.78 Million ≈ $16.72 Million |
+10.12% |
| 2020-12-31 | NT$481.99 Million ≈ $15.19 Million |
+3.56% |
| 2019-12-31 | NT$465.43 Million ≈ $14.66 Million |
+5.08% |
| 2018-12-31 | NT$442.94 Million ≈ $13.96 Million |
+4.35% |
| 2017-12-31 | NT$424.48 Million ≈ $13.37 Million |
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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 |
|---|---|
|
Relief Therapeutics Holding AG
SW:RLF
|
$36.33 Million |
|
Eurospan Holdings Bhd
KLSE:7094
|
$36.36 Million |
|
Midland Exploration Inc
V:MD
|
$36.37 Million |
|
Intercure
TA:INCR
|
$36.39 Million |
|
Urbanise.com Ltd
AU:UBN
|
$36.29 Million |
|
Milux Corporation Bhd
KLSE:7935
|
$36.29 Million |
|
Biohit Oyj B
HE:BIOBV
|
$36.29 Million |
|
Oncopeptides AB
ST:ONCO
|
$36.29 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: 1.73x
- 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 2.71x to 1.73x 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$34.30 | x |
| 2018-12-31 | NT$13.19 | NT$34.30 | x |
| 2019-12-31 | NT$13.86 | NT$34.30 | x |
| 2020-12-31 | NT$14.33 | NT$34.30 | x |
| 2021-12-31 | NT$15.75 | NT$34.30 | x |
| 2022-12-31 | NT$17.85 | NT$34.30 | x |
| 2023-12-31 | NT$18.73 | NT$34.30 | x |
| 2024-12-31 | NT$19.78 | NT$34.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dacome International Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.68%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.66x
- Recent ROE (10.26%) is below the historical average (11.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.39% | 6.12% | 0.65x | 1.60x | NT$-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: $8,396,941,500
- Average return on equity (ROE) among peers: 12.72%
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 | $36.30 Million |
| Tsann Kuen Enterprise Co Ltd (2430) | $4.67 Billion | 4.54% | 1.83x | $73.41 Million |
| Shan-Loong Transportation Co Ltd (2616) | $2.88 Billion | 8.64% | 0.93x | $60.81 Million |
| Collins Co Ltd (2906) | $6.51 Billion | 1.82% | 0.76x | $81.70 Million |
| Gseven Co Ltd (2937) | $388.06 Million | 6.75% | 1.30x | $60.02 Million |
| Taiwan Mobile Co Ltd (3045) | $58.52 Billion | 26.63% | 1.36x | $10.62 Billion |
| Scan-D (6195) | $979.14 Million | 22.34% | 0.62x | $37.48 Million |
| E-Life Mall Corp (6281) | $2.40 Billion | 16.89% | 0.88x | $156.22 Million |
| Bon Fame Co Ltd (8433) | $1.32 Billion | 24.71% | 1.00x | $93.77 Million |
| North-Star International Co Ltd (8927) | $2.38 Billion | 5.07% | 1.81x | $267.54 Million |
| National Petroleum Co Ltd (9937) | $3.93 Billion | 9.82% | 1.07x | $549.14 Million |
About 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