Shin Hai Gas Corp
Shin Hai Gas Corporation engages in the supply and sale of natural gas and related equipment in Taiwan. The company provides microcomputer gas meters, gas leak alarms, shut-off valves, safety equipment, natural gas special stoves, and gas type clothes dryers. It also offers telecom services. Shin Hai Gas Corporation was founded in 1966 and is headquartered in New Taipei City, Taiwan.
Shin Hai Gas Corp (9926) - Total Assets
Latest total assets as of September 2025: NT$8.75 Billion TWD
Based on the latest financial reports, Shin Hai Gas Corp (9926) holds total assets worth NT$8.75 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.
Shin Hai Gas Corp - Total Assets Trend (2002–2024)
This chart illustrates how Shin Hai Gas Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Shin Hai Gas Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Shin Hai Gas Corp's total assets of NT$8.75 Billion consist of 42.9% current assets and 57.2% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 8.9% |
| Accounts Receivable | NT$261.84 Million | 3.0% |
| Inventory | NT$255.17 Million | 2.9% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$261.84 Million | 3.0% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2002–2024)
This chart illustrates how Shin Hai Gas 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: Shin Hai Gas Corp's current assets represent 42.9% of total assets in 2024, an increase from 0.0% in 2002.
- Cash Position: Cash and equivalents constituted 8.9% of total assets in 2024, up from 2.0% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 0.0% in 2002.
- Asset Diversification: The largest asset category is intangible assets at 3.0% of total assets.
Shin Hai Gas Corp Competitors by Total Assets
Key competitors of Shin Hai Gas Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Delong Composite Energy Group Co Ltd
SHE:000593
|
China | CN¥1.92 Billion |
|
Shaanxi Meineng Clean Energy Corp. Ltd. A
SHE:001299
|
China | CN¥1.61 Billion |
|
Xinjiang Haoyuan Natural Gas Co Ltd
SHE:002700
|
China | CN¥1.58 Billion |
|
Foran Energy Group Co Ltd
SHE:002911
|
China | CN¥21.05 Billion |
|
Samchully
KO:004690
|
Korea | ₩4.23 Trillion |
|
Taekyung Chem
KO:006890
|
Korea | ₩222.46 Billion |
|
Kyungdong Gas
KO:012320
|
Korea | ₩598.73 Billion |
|
Yesco Holdings Co. Ltd
KO:015360
|
Korea | ₩1.34 Trillion |
Shin Hai Gas 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
Lower asset utilization - Shin Hai Gas Corp generates 0.27x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Shin Hai Gas Corp generates $5.48 in net profit.
Shin Hai Gas 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 | 1.59 | 1.63 | 1.69 |
| Quick Ratio | 1.47 | 1.51 | 1.59 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$1.33 Billion | NT$ 1.35 Billion | NT$ 1.03 Billion |
Shin Hai Gas Corp - Advanced Valuation Insights
This section examines the relationship between Shin Hai Gas 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 | 2.14 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 4.4% |
| Total Assets | NT$8.67 Billion |
| Market Capitalization | $101.86 Million USD |
Valuation Analysis
Below Book Valuation: The market values Shin Hai Gas Corp's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Shin Hai Gas Corp's assets grew by 4.4% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Shin Hai Gas Corp (2002–2024)
The table below shows the annual total assets of Shin Hai Gas Corp from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.67 Billion | +4.40% |
| 2023-12-31 | NT$8.30 Billion | +8.63% |
| 2022-12-31 | NT$7.64 Billion | +3.05% |
| 2021-12-31 | NT$7.42 Billion | +8.06% |
| 2020-12-31 | NT$6.86 Billion | +9.26% |
| 2019-12-31 | NT$6.28 Billion | +7.11% |
| 2018-12-31 | NT$5.86 Billion | +3.81% |
| 2017-12-31 | NT$5.65 Billion | +5.40% |
| 2016-12-31 | NT$5.36 Billion | +5.20% |
| 2015-12-31 | NT$5.09 Billion | +5.35% |
| 2014-12-31 | NT$4.83 Billion | +17.60% |
| 2013-12-31 | NT$4.11 Billion | +14.69% |
| 2012-12-31 | NT$3.58 Billion | +9.47% |
| 2011-12-31 | NT$3.27 Billion | +2.01% |
| 2010-12-31 | NT$3.21 Billion | +3.41% |
| 2009-12-31 | NT$3.10 Billion | +6.80% |
| 2008-12-31 | NT$2.91 Billion | +5.90% |
| 2007-12-31 | NT$2.74 Billion | +4.65% |
| 2006-12-31 | NT$2.62 Billion | -5.01% |
| 2005-12-31 | NT$2.76 Billion | +2.20% |
| 2004-12-31 | NT$2.70 Billion | +2.44% |
| 2003-12-31 | NT$2.64 Billion | +1.91% |
| 2002-12-31 | NT$2.59 Billion | -- |