First Steamship Co Ltd
First Steamship Co., Ltd. engages in domestic and international marine transportation and related businesses in Taiwan, Mainland China, and internationally. It operates through four segments, Marine Transportation, Investment, Department Store, and Rental. The company engages in dry bulk shipping operations that include the transportation of various bulk materials comprising iron ores, coal, grai… Read more
First Steamship Co Ltd (2601) - Total Assets
Latest total assets as of September 2025: NT$30.67 Billion TWD
Based on the latest financial reports, First Steamship Co Ltd (2601) holds total assets worth NT$30.67 Billion TWD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
First Steamship Co Ltd - Total Assets Trend (2002–2024)
This chart illustrates how First Steamship Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Steamship Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
First Steamship Co Ltd's total assets of NT$30.67 Billion consist of 13.1% current assets and 86.9% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 3.2% |
| Accounts Receivable | NT$324.48 Million | 0.9% |
| Inventory | NT$2.03 Billion | 5.8% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$228.00 Million | 0.7% |
| Goodwill | NT$1.52 Billion | 4.4% |
Asset Composition Trend (2002–2024)
This chart illustrates how First Steamship Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First Steamship Co Ltd's current assets represent 13.1% of total assets in 2024, an increase from 0.0% in 2002.
- Cash Position: Cash and equivalents constituted 3.2% of total assets in 2024, up from 1.4% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 2002.
- Asset Diversification: The largest asset category is inventory at 5.8% of total assets.
First Steamship Co Ltd Competitors by Total Assets
Key competitors of First Steamship Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hefei Department Store Group Co Ltd
SHE:000417
|
China | CN¥12.49 Billion |
|
Changsha Tongcheng Holdings Co Ltd
SHE:000419
|
China | CN¥5.69 Billion |
|
Wushang Group Co Ltd
SHE:000501
|
China | CN¥31.05 Billion |
|
New Huadu Supercenter Co Ltd
SHE:002264
|
China | CN¥3.45 Billion |
|
CCOOP Group Co Ltd
SHE:000564
|
China | CN¥34.92 Billion |
|
Dalian Friendship Group Co Ltd
SHE:000679
|
China | CN¥975.20 Million |
|
Zhongxing Shenyang Commercial Building Group Co Ltd
SHE:000715
|
China | CN¥2.70 Billion |
|
Easyhome New Retail Group Co Ltd
SHE:000785
|
China | CN¥45.94 Billion |
First Steamship Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - First Steamship Co Ltd generates 0.14x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - First Steamship Co Ltd is currently not profitable relative to its asset base.
First Steamship Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.43 | 0.47 | 0.59 |
| Quick Ratio | 0.19 | 0.26 | 0.47 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$-4.77 Billion | NT$ -4.77 Billion | NT$ -5.53 Billion |
First Steamship Co Ltd - Advanced Valuation Insights
This section examines the relationship between First Steamship Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.59 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -1.3% |
| Total Assets | NT$34.89 Billion |
| Market Capitalization | $133.86 Million USD |
Valuation Analysis
Below Book Valuation: The market values First Steamship Co Ltd's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: First Steamship Co Ltd's assets decreased by 1.3% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for First Steamship Co Ltd (2002–2024)
The table below shows the annual total assets of First Steamship Co Ltd from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$34.89 Billion | -1.34% |
| 2023-12-31 | NT$35.37 Billion | -1.11% |
| 2022-12-31 | NT$35.77 Billion | -8.26% |
| 2021-12-31 | NT$38.99 Billion | +7.10% |
| 2020-12-31 | NT$36.40 Billion | -4.88% |
| 2019-12-31 | NT$38.27 Billion | +11.01% |
| 2018-12-31 | NT$34.48 Billion | -1.55% |
| 2017-12-31 | NT$35.02 Billion | -2.31% |
| 2016-12-31 | NT$35.85 Billion | -10.72% |
| 2015-12-31 | NT$40.15 Billion | +2.59% |
| 2014-12-31 | NT$39.14 Billion | +15.59% |
| 2013-12-31 | NT$33.86 Billion | +13.95% |
| 2012-12-31 | NT$29.71 Billion | +11.83% |
| 2011-12-31 | NT$26.57 Billion | +21.13% |
| 2010-12-31 | NT$21.93 Billion | +7.15% |
| 2009-12-31 | NT$20.47 Billion | +31.60% |
| 2008-12-31 | NT$15.56 Billion | +22.11% |
| 2007-12-31 | NT$12.74 Billion | +58.41% |
| 2006-12-31 | NT$8.04 Billion | +145.36% |
| 2005-12-31 | NT$3.28 Billion | +12.11% |
| 2004-12-31 | NT$2.92 Billion | -29.17% |
| 2003-12-31 | NT$4.13 Billion | +5.63% |
| 2002-12-31 | NT$3.91 Billion | -- |