Sincere Navigation Corp (2605) - Total Assets

Latest as of September 2025: NT$20.78 Billion TWD ≈ $654.84 Million USD

Based on the latest financial reports, Sincere Navigation Corp (2605) holds total assets worth NT$20.78 Billion TWD (≈ $654.84 Million USD) 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.

Sincere Navigation Corp - Total Assets Trend (2000–2024)

This chart illustrates how Sincere Navigation Corp's total assets have evolved over time, based on quarterly financial data. Also see 2605 company net worth for the company's overall valuation and market capitalisation.

Sincere Navigation Corp - Asset Composition Analysis

Current Asset Composition (December 2024)

Sincere Navigation Corp's total assets of NT$20.78 Billion consist of 32.1% current assets and 67.9% non-current assets. Review how much debt does Sincere Navigation Corp carry to assess the company's total debt and financial obligations.

Asset Category	Amount (TWD)	% of Total Assets
Cash & Equivalents	NT$0.00	13.9%
Accounts Receivable	NT$467.77 Million	2.1%
Inventory	NT$50.99 Million	0.2%
Property, Plant & Equipment	NT$0.00	0.0%
Intangible Assets	NT$0.00	0.0%
Goodwill	NT$0.00	0.0%

Asset Composition Trend (2000–2024)

This chart illustrates how Sincere Navigation Corp'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. See latest Sincere Navigation Corp stock price today for real-time trading data and today's change.

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Key Asset Composition Facts

Current vs. Non-Current Assets: Sincere Navigation Corp's current assets represent 32.1% of total assets in 2024, an increase from 0.0% in 2000.
Cash Position: Cash and equivalents constituted 13.9% of total assets in 2024, up from 1.2% in 2000.
Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2000.
Asset Diversification: The largest asset category is accounts receivable at 2.1% of total assets.

Sincere Navigation Corp Competitors by Total Assets

Key competitors of Sincere Navigation Corp based on total assets are shown below.

Company	Country	Total Assets
Evergreen Marine Corp Taiwan Ltd TW:2603	Taiwan	NT$847.15 Billion
Wan Hai Lines Ltd TW:2615	Taiwan	NT$420.23 Billion
Westports Holdings Bhd KLSE:5246	Malaysia	RM8.48 Billion
Tangshan Port Group Co Ltd SHG:601000	China	CN¥25.85 Billion
GZ Port SHG:601228	China	CN¥54.70 Billion
Vapores SN:VAPORES	Chile	CL$7.20 Billion
BW LPG Limited F:BW9	Germany	€3.15 Billion
Hainan Strait Shipping Co Ltd SHE:002320	China	CN¥9.89 Billion

Sincere Navigation Corp - 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	1.68	1.75	2.79
Quick Ratio	1.67	1.74	2.74
Cash Ratio	0.00	0.00	0.00
Working Capital	NT$3.06 Billion	NT$2.81 Billion	NT$3.57 Billion

Sincere Navigation Corp - Advanced Valuation Insights

This section examines the relationship between Sincere Navigation Corp'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	0.92
Latest Market Cap to Assets Ratio	0.03
Asset Growth Rate (YoY)	5.9%
Total Assets	NT$22.36 Billion
Market Capitalization	$665.75 Million USD

Valuation Analysis

Below Book Valuation: The market values Sincere Navigation Corp's assets below their book value (0.03x), which may indicate investor concerns about asset quality or future growth.

Positive Asset Growth: Sincere Navigation Corp's assets grew by 5.9% over the past year, showing continued investment in the company's operational capacity.

Annual Total Assets for Sincere Navigation Corp (2000–2024)

The table below shows the annual total assets of Sincere Navigation Corp from 2000 to 2024.

Year	Total Assets	Change
2024-12-31	NT$22.36 Billion ≈ $704.61 Million	+5.91%
2023-12-31	NT$21.12 Billion ≈ $665.26 Million	-2.54%
2022-12-31	NT$21.67 Billion ≈ $682.60 Million	+0.61%
2021-12-31	NT$21.53 Billion ≈ $678.47 Million	+1.84%
2020-12-31	NT$21.15 Billion ≈ $666.20 Million	-9.26%
2019-12-31	NT$23.30 Billion ≈ $734.17 Million	-4.61%
2018-12-31	NT$24.43 Billion ≈ $769.63 Million	+2.20%
2017-12-31	NT$23.90 Billion ≈ $753.03 Million	-6.59%
2016-12-31	NT$25.59 Billion ≈ $806.13 Million	-9.87%
2015-12-31	NT$28.39 Billion ≈ $894.37 Million	-2.56%
2014-12-31	NT$29.13 Billion ≈ $917.87 Million	+5.11%
2013-12-31	NT$27.72 Billion ≈ $873.24 Million	-4.53%
2012-12-31	NT$29.03 Billion ≈ $914.65 Million	+0.36%
2011-12-31	NT$28.93 Billion ≈ $911.38 Million	+11.73%
2010-12-31	NT$25.89 Billion ≈ $815.67 Million	-5.84%
2009-12-31	NT$27.49 Billion ≈ $866.22 Million	+5.05%
2008-12-31	NT$26.17 Billion ≈ $824.60 Million	+17.25%
2007-12-31	NT$22.32 Billion ≈ $703.28 Million	-4.98%
2006-12-31	NT$23.49 Billion ≈ $740.10 Million	+12.60%
2005-12-31	NT$20.86 Billion ≈ $657.28 Million	+35.30%
2004-12-31	NT$15.42 Billion ≈ $485.79 Million	+3.85%
2003-12-31	NT$14.85 Billion ≈ $467.79 Million	+11.57%
2002-12-31	NT$13.31 Billion ≈ $419.26 Million	+6.71%
2001-12-31	NT$12.47 Billion ≈ $392.91 Million	-1.47%
2000-12-31	NT$12.66 Billion ≈ $398.79 Million	--

About Sincere Navigation Corp

TW:2605 Taiwan Marine Shipping

Market Cap

$665.75 Million

NT$21.13 Billion TWD

Market Cap Rank

#10897 Global

#380 in Taiwan

Share Price

NT$36.10

Change (1 day)

-2.83%

52-Week Range

NT$21.95 - NT$43.35

All Time High

NT$53.63