Tay Ninh Cable Car Tour Co. (TCT) - Net Assets
Based on the latest financial reports, Tay Ninh Cable Car Tour Co. (TCT) has net assets worth ₫353.69 Billion VND (≈ $13.44 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫367.21 Billion ≈ $13.95 Million USD) and total liabilities (₫13.52 Billion ≈ $513.77K 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 Tay Ninh Cable Car Tour Co. liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫353.69 Billion |
| % of Total Assets | 96.32% |
| Annual Growth Rate | -0.61% |
| 5-Year Change | 11.58% |
| 10-Year Change | N/A |
| Growth Volatility | 7.07 |
Tay Ninh Cable Car Tour Co. - Net Assets Trend (2019–2024)
This chart illustrates how Tay Ninh Cable Car Tour Co.'s net assets have evolved over time, based on quarterly financial data. Also explore TCT current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Tay Ninh Cable Car Tour Co. (2019–2024)
The table below shows the annual net assets of Tay Ninh Cable Car Tour Co. from 2019 to 2024. For live valuation and market cap data, see TCT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₫335.65 Billion ≈ $12.75 Million |
+1.34% |
| 2023-12-31 | ₫331.23 Billion ≈ $12.58 Million |
+3.74% |
| 2022-12-31 | ₫319.27 Billion ≈ $12.13 Million |
+7.84% |
| 2021-12-31 | ₫296.06 Billion ≈ $11.25 Million |
-1.58% |
| 2020-12-31 | ₫300.81 Billion ≈ $11.43 Million |
-13.06% |
| 2019-12-31 | ₫346.01 Billion ≈ $13.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tay Ninh Cable Car Tour Co.'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 28.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫156.35 Billion | 46.58% |
| Other Components | ₫179.30 Billion | 53.42% |
| Total Equity | ₫335.65 Billion | 100.00% |
Tay Ninh Cable Car Tour Co. Competitors by Market Cap
The table below lists competitors of Tay Ninh Cable Car Tour Co. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SOS Limited
NYSE:SOS
|
$9.27 Million |
|
WALLBOX N.V. CL.A EO-12
F:67E
|
$9.27 Million |
|
CalciMedica, Inc. Common Stock
NASDAQ:CALC
|
$9.27 Million |
|
Baselode Energy Corp
V:FIND
|
$9.27 Million |
|
Harper Hygienics S.A.
WAR:HRP
|
$9.25 Million |
|
Kwang Jin Ind. Co. Ltd
KQ:026910
|
$9.25 Million |
|
Thai Coating Industrial Public Company Limited
BK:TCOAT
|
$9.25 Million |
|
Pioneer Lithium Ltd
AU:PLN
|
$9.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tay Ninh Cable Car Tour Co.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 331,227,818,338 to 335,650,497,230, a change of 4,422,678,892 (1.3%).
- Net income of 10,816,678,892 contributed positively to equity growth.
- Dividend payments of 6,394,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫10.82 Billion | +3.22% |
| Dividends Paid | ₫6.39 Billion | -1.9% |
| Total Change | ₫- | 1.34% |
Book Value vs Market Value Analysis
This analysis compares Tay Ninh Cable Car Tour Co.'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: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫27057.50 | ₫19050.00 | x |
| 2020-12-31 | ₫23523.09 | ₫19050.00 | x |
| 2021-12-31 | ₫23151.74 | ₫19050.00 | x |
| 2022-12-31 | ₫24966.66 | ₫19050.00 | x |
| 2023-12-31 | ₫25901.46 | ₫19050.00 | x |
| 2024-12-31 | ₫26247.30 | ₫19050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tay Ninh Cable Car Tour Co. 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): 3.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.90%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.02x
- Recent ROE (3.22%) is below the historical average (6.36%), 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 | 19.41% | 37.89% | 0.48x | 1.06x | ₫32.55 Billion |
| 2020 | 0.14% | 0.97% | 0.13x | 1.08x | ₫-29.66 Billion |
| 2021 | 0.56% | 4.59% | 0.12x | 1.04x | ₫-27.96 Billion |
| 2022 | 9.27% | 46.49% | 0.19x | 1.07x | ₫-2.32 Billion |
| 2023 | 5.54% | 42.56% | 0.12x | 1.09x | ₫-14.77 Billion |
| 2024 | 3.22% | 39.90% | 0.08x | 1.02x | ₫-22.75 Billion |
Industry Comparison
This section compares Tay Ninh Cable Car Tour Co.'s net assets metrics with peer companies in the Leisure industry.
No peer company data available for comparison.
About Tay Ninh Cable Car Tour Co.
Tay Ninh Cable Car Tour Company engages in transporting tourists, goods, and supplies by cable car in Vietnam. It also provides slides and other services. The company was founded in 1998 and is headquartered in Tây Ninh, Vietnam.