Formosa Petrochemical Corp
Formosa Petrochemical Corporation, together with its subsidiaries, engages in the petrochemical business in Taiwan, Australia, Korea, the Philippines, Singapore, Malaysia, Mainland China, and internationally. It operates through Petrochemical, Public utility and Others segments. The company is involved in the refining of crude oil; selling of refined petroleum products; and producing and selling … Read more
Formosa Petrochemical Corp (6505) - Total Assets
Latest total assets as of September 2025: NT$376.00 Billion TWD
Based on the latest financial reports, Formosa Petrochemical Corp (6505) holds total assets worth NT$376.00 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.
Formosa Petrochemical Corp - Total Assets Trend (2002–2024)
This chart illustrates how Formosa Petrochemical Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Formosa Petrochemical Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Formosa Petrochemical Corp's total assets of NT$376.00 Billion consist of 55.9% current assets and 44.2% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 6.2% |
| Accounts Receivable | NT$52.99 Billion | 14.3% |
| Inventory | NT$86.27 Billion | 23.2% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$0.00 | 0.0% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2002–2024)
This chart illustrates how Formosa Petrochemical 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: Formosa Petrochemical Corp's current assets represent 55.9% of total assets in 2024, an increase from 0.0% in 2002.
- Cash Position: Cash and equivalents constituted 6.2% of total assets in 2024, up from 0.3% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2002.
- Asset Diversification: The largest asset category is inventory at 23.2% of total assets.
Formosa Petrochemical Corp Competitors by Total Assets
Key competitors of Formosa Petrochemical Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shandong Shengli Co Ltd
SHE:000407
|
China | CN¥6.05 Billion |
|
Sinopec Shandong Taishan Petroleum Co Ltd
SHE:000554
|
China | CN¥1.77 Billion |
|
Jiangsu Gaoke Petrochemical Co
SHE:002778
|
China | CN¥905.01 Million |
|
Hankook Shell Oil
KO:002960
|
Korea | ₩188.72 Billion |
|
Mi Chang Oil
KO:003650
|
Korea | ₩512.60 Billion |
|
SK Discovery Co Ltd
KO:006125
|
Korea | ₩15.44 Trillion |
|
S-Oil Corp
KO:010950
|
Korea | ₩24.99 Trillion |
|
The LEADCORP Inc
KQ:012700
|
Korea | ₩1.05 Trillion |
Formosa Petrochemical 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
Strong asset utilization - Formosa Petrochemical Corp generates 1.79x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Formosa Petrochemical Corp generates $ 1.61 in net profit.
Formosa Petrochemical 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 | 4.65 | 4.73 | 7.45 |
| Quick Ratio | 3.15 | 2.81 | 5.83 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$173.40 Billion | NT$ 172.58 Billion | NT$ 186.42 Billion |
Formosa Petrochemical Corp - Advanced Valuation Insights
This section examines the relationship between Formosa Petrochemical 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 | 1.55 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -10.8% |
| Total Assets | NT$371.20 Billion |
| Market Capitalization | $2.02 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Formosa Petrochemical Corp's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Formosa Petrochemical Corp's assets decreased by 10.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Formosa Petrochemical Corp (2002–2024)
The table below shows the annual total assets of Formosa Petrochemical Corp from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$371.20 Billion | -10.80% |
| 2023-12-31 | NT$416.16 Billion | -1.33% |
| 2022-12-31 | NT$421.78 Billion | -8.06% |
| 2021-12-31 | NT$458.76 Billion | +20.43% |
| 2020-12-31 | NT$380.92 Billion | -4.30% |
| 2019-12-31 | NT$398.03 Billion | -1.91% |
| 2018-12-31 | NT$405.77 Billion | -5.97% |
| 2017-12-31 | NT$431.54 Billion | -4.60% |
| 2016-12-31 | NT$452.36 Billion | +6.32% |
| 2015-12-31 | NT$425.47 Billion | -10.06% |
| 2014-12-31 | NT$473.05 Billion | -1.90% |
| 2013-12-31 | NT$482.23 Billion | +3.26% |
| 2012-12-31 | NT$467.02 Billion | +0.99% |
| 2011-12-31 | NT$462.46 Billion | +2.33% |
| 2010-12-31 | NT$451.95 Billion | +0.57% |
| 2009-12-31 | NT$449.41 Billion | +4.12% |
| 2008-12-31 | NT$431.63 Billion | -12.20% |
| 2007-12-31 | NT$491.61 Billion | +11.82% |
| 2006-12-31 | NT$439.65 Billion | +8.41% |
| 2005-12-31 | NT$405.53 Billion | +14.64% |
| 2004-12-31 | NT$353.76 Billion | +7.80% |
| 2003-12-31 | NT$328.17 Billion | +5.18% |
| 2002-12-31 | NT$312.01 Billion | -- |