Thanh Cong Textile Garment Investment Trading JSC (TCM) - Net Assets
Based on the latest financial reports, Thanh Cong Textile Garment Investment Trading JSC (TCM) has net assets worth ₫2.45 Trillion VND (≈ $92.98 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫4.17 Trillion ≈ $158.48 Million USD) and total liabilities (₫1.72 Trillion ≈ $65.50 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 Thanh Cong Textile Garment Investment Tr liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.45 Trillion |
| % of Total Assets | 58.67% |
| Annual Growth Rate | 9.43% |
| 5-Year Change | 43.23% |
| 10-Year Change | N/A |
| Growth Volatility | 5.41 |
Thanh Cong Textile Garment Investment Trading JSC - Net Assets Trend (2019–2025)
This chart illustrates how Thanh Cong Textile Garment Investment Trading JSC's net assets have evolved over time, based on quarterly financial data. Also explore Thanh Cong Textile Garment Investment Tr (TCM) total assets for the complete picture of this company's asset base.
Annual Net Assets for Thanh Cong Textile Garment Investment Trading JSC (2019–2025)
The table below shows the annual net assets of Thanh Cong Textile Garment Investment Trading JSC from 2019 to 2025. For live valuation and market cap data, see how much is Thanh Cong Textile Garment Investment Tr worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.45 Trillion ≈ $92.98 Million |
+7.72% |
| 2024-12-31 | ₫2.27 Trillion ≈ $86.31 Million |
+13.01% |
| 2023-12-31 | ₫2.01 Trillion ≈ $76.37 Million |
+1.58% |
| 2022-12-31 | ₫1.98 Trillion ≈ $75.18 Million |
+15.82% |
| 2021-12-31 | ₫1.71 Trillion ≈ $64.91 Million |
+4.26% |
| 2020-12-31 | ₫1.64 Trillion ≈ $62.26 Million |
+14.98% |
| 2019-12-31 | ₫1.43 Trillion ≈ $54.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thanh Cong Textile Garment Investment Trading JSC'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 23.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.01 Trillion | 41.57% |
| Other Components | ₫1.42 Trillion | 58.43% |
| Total Equity | ₫2.44 Trillion | 100.00% |
Thanh Cong Textile Garment Investment Trading JSC Competitors by Market Cap
The table below lists competitors of Thanh Cong Textile Garment Investment Trading JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smartphoto Group NV
BR:SMAR
|
$97.71 Million |
|
Stella Holdings Bhd
KLSE:5006
|
$97.73 Million |
|
Tailim Packaging Co Ltd
KO:011280
|
$97.73 Million |
|
Vita Life Sciences Ltd
AU:VLS
|
$97.78 Million |
|
Taitien Electronics Co Ltd
TWO:8289
|
$97.63 Million |
|
Quick Heal Technologies Limited
NSE:QUICKHEAL
|
$97.62 Million |
|
Kumkang Kind
KO:014280
|
$97.61 Million |
|
Sam Holdings Corp
VN:SAM
|
$97.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thanh Cong Textile Garment Investment Trading JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,261,106,168,510 to 2,435,895,821,678, a change of 174,789,653,168 (7.7%).
- Net income of 269,062,774,093 contributed positively to equity growth.
- Dividend payments of 51,543,219,100 reduced retained earnings.
- Other factors decreased equity by 42,729,901,825.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫269.06 Billion | +11.05% |
| Dividends Paid | ₫51.54 Billion | -2.12% |
| Other Changes | ₫-42.73 Billion | -1.75% |
| Total Change | ₫- | 7.73% |
Book Value vs Market Value Analysis
This analysis compares Thanh Cong Textile Garment Investment Trading JSC'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: 1.06x
- 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 1.33x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫17290.78 | ₫22950.00 | x |
| 2020-12-31 | ₫19893.37 | ₫22950.00 | x |
| 2021-12-31 | ₫20741.01 | ₫22950.00 | x |
| 2022-12-31 | ₫24031.48 | ₫22950.00 | x |
| 2023-12-31 | ₫21599.27 | ₫22950.00 | x |
| 2024-12-31 | ₫20181.14 | ₫22950.00 | x |
| 2025-12-31 | ₫21741.55 | ₫22950.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thanh Cong Textile Garment Investment Trading JSC 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): 11.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.38%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.71x
- Recent ROE (11.05%) is below the historical average (12.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 15.22% | 5.92% | 1.25x | 2.06x | ₫74.02 Billion |
| 2020 | 16.88% | 7.93% | 1.17x | 1.83x | ₫112.21 Billion |
| 2021 | 8.38% | 4.03% | 0.98x | 2.12x | ₫-27.45 Billion |
| 2022 | 14.18% | 6.44% | 1.25x | 1.77x | ₫82.41 Billion |
| 2023 | 6.60% | 3.97% | 1.01x | 1.64x | ₫-68.10 Billion |
| 2024 | 12.21% | 7.24% | 0.98x | 1.72x | ₫49.95 Billion |
| 2025 | 11.05% | 7.38% | 0.87x | 1.71x | ₫25.47 Billion |
Industry Comparison
This section compares Thanh Cong Textile Garment Investment Trading JSC's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $1,325,958,294,847
- Average return on equity (ROE) among peers: 7.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thanh Cong Textile Garment Investment Trading JSC (TCM) | ₫2.45 Trillion | 15.22% | 0.70x | $97.69 Million |
| Damsan JSC (ADS) | $1.02 Trillion | 9.71% | 1.46x | $26.38 Million |
| Century Synthetic Fiber Corp (STK) | $1.63 Trillion | 5.39% | 0.83x | $70.01 Million |
About Thanh Cong Textile Garment Investment Trading JSC
Thanh Cong Textile Garment Investment Trading Joint Stock Company, together with its subsidiaries, engages in textile and garment manufacturing, fashion retail, real estate, and trademarks business in Vietnam and internationally. It manufactures and trades in cotton, fibers, garments, footwear, machineries and equipment, spare parts, raw materials, chemicals, and dyes, as well as provides packagi… Read more