TSEC Corp
TSEC Corporation designs, manufactures, constructs, and sells solar cells, modules, and power plants in Asia, Europe, and internationally. The company operates through Solar Module and Other segments. It is involved in the sale of solar related products; energy storage system of regulation reserve; rental of solar power generating equipment; sale of self-generated electricity, and provision of en… Read more
TSEC Corp (6443) - Total Assets
Latest total assets as of September 2025: NT$9.16 Billion TWD
Based on the latest financial reports, TSEC Corp (6443) holds total assets worth NT$9.16 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.
TSEC Corp - Total Assets Trend (2012–2024)
This chart illustrates how TSEC Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
TSEC Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
TSEC Corp's total assets of NT$9.16 Billion consist of 31.4% current assets and 68.6% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 6.0% |
| Accounts Receivable | NT$1.29 Billion | 12.5% |
| Inventory | NT$1.17 Billion | 11.3% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$8.76 Million | 0.1% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2012–2024)
This chart illustrates how TSEC 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: TSEC Corp's current assets represent 31.4% of total assets in 2024, an increase from 12.5% in 2012.
- Cash Position: Cash and equivalents constituted 6.0% of total assets in 2024, up from 2.9% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 1.0% in 2012.
- Asset Diversification: The largest asset category is accounts receivable at 12.5% of total assets.
TSEC Corp Competitors by Total Assets
Key competitors of TSEC Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Topraysolar Co Ltd
SHE:002218
|
China | CN¥6.66 Billion |
|
JA Solar Technology Co Ltd
SHE:002459
|
China | CN¥105.38 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
China | CN¥19.27 Billion |
|
Changzhou Almaden Co Ltd
SHE:002623
|
China | CN¥5.75 Billion |
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865
|
China | CN¥18.01 Billion |
|
Hanwha Solutions
KO:009830
|
Korea | ₩32.26 Trillion |
|
Hanwha Chemical Corp Pref
KO:009835
|
Korea | ₩32.26 Trillion |
|
Trive Property Group Bhd
KLSE:0118
|
Malaysia | RM126.77 Million |
TSEC Corp - 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
Moderate asset utilization - TSEC Corp generates 0.44x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - TSEC Corp is currently not profitable relative to its asset base.
TSEC 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 | 1.89 | 2.16 | 1.64 |
| Quick Ratio | 1.15 | 1.48 | 1.26 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$1.25 Billion | NT$ 1.91 Billion | NT$ 1.34 Billion |
TSEC Corp - Advanced Valuation Insights
This section examines the relationship between TSEC 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 | 4.21 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | -14.5% |
| Total Assets | NT$10.32 Billion |
| Market Capitalization | $739.29 Million USD |
Valuation Analysis
Below Book Valuation: The market values TSEC Corp's assets below their book value (0.07 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: TSEC Corp's assets decreased by 14.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TSEC Corp (2012–2024)
The table below shows the annual total assets of TSEC Corp from 2012 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.32 Billion | -14.45% |
| 2023-12-31 | NT$12.07 Billion | +6.71% |
| 2022-12-31 | NT$11.31 Billion | +10.54% |
| 2021-12-31 | NT$10.23 Billion | +8.62% |
| 2020-12-31 | NT$9.42 Billion | +19.96% |
| 2019-12-31 | NT$7.85 Billion | -5.41% |
| 2018-12-31 | NT$8.30 Billion | -19.18% |
| 2017-12-31 | NT$10.27 Billion | +10.47% |
| 2016-12-31 | NT$9.30 Billion | +24.39% |
| 2015-12-31 | NT$7.47 Billion | +7.97% |
| 2014-12-31 | NT$6.92 Billion | +5.30% |
| 2013-12-31 | NT$6.57 Billion | +4.35% |
| 2012-12-31 | NT$6.30 Billion | -- |