Morn Sun Feed Mill Corp
Morn Sun Feed Mill Corp. manufactures, processes, trades in, and transports feeds and raw materials in China. It operates through four segments: Feed, Egg Product, Breeding, and Other. The company offers layer feed for ducks and chicken, breeder feed for goose, and local poultry feed; provides eggs, poultry, and livestock; and engages in livestock reproduction of piglets, sows, and hogs. It is al… Read more
Morn Sun Feed Mill Corp (1240) - Total Assets
Latest total assets as of September 2025: NT$2.13 Billion TWD
Based on the latest financial reports, Morn Sun Feed Mill Corp (1240) holds total assets worth NT$2.13 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.
Morn Sun Feed Mill Corp - Total Assets Trend (2017–2024)
This chart illustrates how Morn Sun Feed Mill Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Morn Sun Feed Mill Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Morn Sun Feed Mill Corp's total assets of NT$2.13 Billion consist of 55.0% current assets and 45.1% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 3.3% |
| Accounts Receivable | NT$304.69 Million | 14.2% |
| Inventory | NT$255.41 Million | 11.9% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$0.00 | 0.0% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Morn Sun Feed Mill 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: Morn Sun Feed Mill Corp's current assets represent 55.0% of total assets in 2024, a decrease from 57.3% in 2017.
- Cash Position: Cash and equivalents constituted 3.3% of total assets in 2024, up from 1.4% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 14.2% of total assets.
Morn Sun Feed Mill Corp Competitors by Total Assets
Key competitors of Morn Sun Feed Mill Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Riverview Rubber Estates Bhd
KLSE:2542
|
Malaysia | RM406.55 Million |
|
ShenZhen Kondarl Group Co Ltd
SHE:000048
|
China | CN¥10.49 Billion |
|
Hunan Zhenghong Science and Technology Develop Co Ltd
SHE:000702
|
China | CN¥505.58 Million |
|
Hefei Fengle Seed Co Ltd
SHE:000713
|
China | CN¥3.52 Billion |
|
Luoniushan Co Ltd
SHE:000735
|
China | CN¥10.05 Billion |
|
New Hope Liuhe Co Ltd
SHE:000876
|
China | CN¥116.87 Billion |
|
Yuan Longping High-tech Agriculture Co Ltd
SHE:000998
|
China | CN¥25.48 Billion |
|
Dongrui Food Group Co Ltd
SHE:001201
|
China | CN¥6.21 Billion |
Morn Sun Feed Mill 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 - Morn Sun Feed Mill Corp generates 1.33x 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, Morn Sun Feed Mill Corp generates $8.39 in net profit.
Morn Sun Feed Mill 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 | 1.98 | 2.55 | 1.69 |
| Quick Ratio | 1.50 | 2.11 | 1.37 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$546.77 Million | NT$ 1.03 Billion | NT$ 401.27 Million |
Morn Sun Feed Mill Corp - Advanced Valuation Insights
This section examines the relationship between Morn Sun Feed Mill 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 | 1.82 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | -1.9% |
| Total Assets | NT$2.14 Billion |
| Market Capitalization | $50.32 Million USD |
Valuation Analysis
Below Book Valuation: The market values Morn Sun Feed Mill Corp's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Morn Sun Feed Mill Corp's assets decreased by 1.9% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Morn Sun Feed Mill Corp (2017–2024)
The table below shows the annual total assets of Morn Sun Feed Mill Corp from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.14 Billion | -1.93% |
| 2023-12-31 | NT$2.18 Billion | -1.39% |
| 2022-12-31 | NT$2.21 Billion | +3.85% |
| 2021-12-31 | NT$2.13 Billion | +12.54% |
| 2020-12-31 | NT$1.89 Billion | +10.97% |
| 2019-12-31 | NT$1.71 Billion | +5.67% |
| 2018-12-31 | NT$1.62 Billion | +1.75% |
| 2017-12-31 | NT$1.59 Billion | -- |