Taiwan Pelican Express Co Ltd
Taiwan Pelican Express Co., Ltd. provides truck transportation, home delivery, and other professional logistic delivery services in Taiwan. It offers C2C, B2C, and C2B home-delivery services; and warehouse storage, logistics, and tally and packaging services. The company was founded in 1999 and is based in Taipei, Taiwan.
Taiwan Pelican Express Co Ltd (2642) - Total Assets
Latest total assets as of September 2025: NT$4.18 Billion TWD
Based on the latest financial reports, Taiwan Pelican Express Co Ltd (2642) holds total assets worth NT$4.18 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.
Taiwan Pelican Express Co Ltd - Total Assets Trend (2010–2024)
This chart illustrates how Taiwan Pelican Express Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Taiwan Pelican Express Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Taiwan Pelican Express Co Ltd's total assets of NT$4.18 Billion consist of 33.3% current assets and 66.8% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 16.8% |
| Accounts Receivable | NT$661.31 Million | 15.5% |
| Inventory | NT$12.94 Million | 0.3% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$9.30 Million | 0.2% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2010–2024)
This chart illustrates how Taiwan Pelican Express 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: Taiwan Pelican Express Co Ltd's current assets represent 33.3% of total assets in 2024, a decrease from 72.7% in 2010.
- Cash Position: Cash and equivalents constituted 16.8% of total assets in 2024, down from 44.6% in 2010.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2010.
- Asset Diversification: The largest asset category is accounts receivable at 15.5% of total assets.
Taiwan Pelican Express Co Ltd Competitors by Total Assets
Key competitors of Taiwan Pelican Express Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Citic Offshore Helicopter Co Ltd
SHE:000099
|
China | CN¥7.38 Billion |
|
CJ Korea Express
KO:000120
|
Korea | ₩10.35 Trillion |
|
Guangdong Jushen Logistics Co Ltd
SHE:001202
|
China | CN¥1.87 Billion |
|
Yongtaiyun Chemical Logistics Co.Ltd
SHE:001228
|
China | CN¥4.22 Billion |
|
San Yang Ma (Chongqing) Logistics Co.Ltd.
SHE:001317
|
China | CN¥1.90 Billion |
|
YUNDA Holding Co Ltd
SHE:002120
|
China | CN¥36.46 Billion |
|
Hanjin Transportation Co. Ltd.
KO:002320
|
Korea | ₩4.33 Trillion |
|
S.F. Holding Co. Ltd
SHE:002352
|
China | CN¥217.93 Billion |
Taiwan Pelican Express 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
Strong asset utilization - Taiwan Pelican Express Co Ltd generates 0.95x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Taiwan Pelican Express Co Ltd is currently not profitable relative to its asset base.
Taiwan Pelican Express 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 | 1.47 | 1.60 | 1.78 |
| Quick Ratio | 1.45 | 1.59 | 1.77 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$396.78 Million | NT$ 596.93 Million | NT$ 749.11 Million |
Taiwan Pelican Express Co Ltd - Advanced Valuation Insights
This section examines the relationship between Taiwan Pelican Express 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 | 1.08 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -1.8% |
| Total Assets | NT$4.27 Billion |
| Market Capitalization | $32.17 Million USD |
Valuation Analysis
Below Book Valuation: The market values Taiwan Pelican Express Co Ltd's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Taiwan Pelican Express Co Ltd's assets decreased by 1.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Taiwan Pelican Express Co Ltd (2010–2024)
The table below shows the annual total assets of Taiwan Pelican Express Co Ltd from 2010 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.27 Billion | -1.77% |
| 2023-12-31 | NT$4.35 Billion | -4.89% |
| 2022-12-31 | NT$4.57 Billion | -8.77% |
| 2021-12-31 | NT$5.01 Billion | +30.47% |
| 2020-12-31 | NT$3.84 Billion | +7.30% |
| 2019-12-31 | NT$3.58 Billion | +50.23% |
| 2018-12-31 | NT$2.38 Billion | -2.42% |
| 2017-12-31 | NT$2.44 Billion | +8.87% |
| 2016-12-31 | NT$2.24 Billion | +2.76% |
| 2015-12-31 | NT$2.18 Billion | -7.62% |
| 2014-12-31 | NT$2.36 Billion | +17.84% |
| 2013-12-31 | NT$2.01 Billion | +10.35% |
| 2012-12-31 | NT$1.82 Billion | +15.55% |
| 2011-12-31 | NT$1.57 Billion | +22.05% |
| 2010-12-31 | NT$1.29 Billion | -- |