Mustang Industrial
Mustang Industrial Corp. engages in the manufacture and sale of progressive die molds and stamping products in Taiwan. The company offers shielding frame and cover assemblies for tuners; metal stamped frames and covers for signal shielding; and large-sized metal stamping products, which include cover and chassis of set-top boxes and satellite receivers. It also provides middle size stamping parts… Read more
Mustang Industrial (5460) - Total Assets
Latest total assets as of September 2025: NT$789.14 Million TWD
Based on the latest financial reports, Mustang Industrial (5460) holds total assets worth NT$789.14 Million 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.
Mustang Industrial - Total Assets Trend (2017–2024)
This chart illustrates how Mustang Industrial’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mustang Industrial - Asset Composition Analysis
Current Asset Composition (December 2024)
Mustang Industrial's total assets of NT$789.14 Million consist of 68.3% current assets and 31.7% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 10.4% |
| Accounts Receivable | NT$54.67 Million | 6.6% |
| Inventory | NT$19.74 Million | 2.4% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$105.00K | 0.0% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Mustang Industrial'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: Mustang Industrial's current assets represent 68.3% of total assets in 2024, an increase from 67.1% in 2017.
- Cash Position: Cash and equivalents constituted 10.4% of total assets in 2024, down from 31.4% 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 6.6% of total assets.
Mustang Industrial Competitors by Total Assets
Key competitors of Mustang Industrial based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Hejin Holding Co Ltd
SHE:000633
|
China | CN¥311.40 Million |
|
Chongqing Changjiang River Moulding Material (Group) Co. Ltd.
SHE:001296
|
China | CN¥2.22 Billion |
|
Winstech Precision Hldg Co
SHE:001319
|
China | CN¥1.77 Billion |
|
Guangdong Jingyi Metal Co Ltd
SHE:002295
|
China | CN¥2.52 Billion |
|
Shanghai Xinpeng Industry Co Ltd
SHE:002328
|
China | CN¥5.66 Billion |
|
Beijing Lier High Temperature Materials Co Ltd
SHE:002392
|
China | CN¥10.29 Billion |
|
Suzhou Victory Precision Manufacture Co Ltd
SHE:002426
|
China | CN¥6.59 Billion |
|
Dajin Heavy Industry Corp
SHE:002487
|
China | CN¥14.23 Billion |
Mustang Industrial - 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 - Mustang Industrial generates 0.33x 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, Mustang Industrial generates $ 1.60 in net profit.
Mustang Industrial - 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 | 11.09 | 9.69 | 5.06 |
| Quick Ratio | 10.66 | 9.26 | 4.06 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$493.15 Million | NT$ 497.26 Million | NT$ 480.47 Million |
Mustang Industrial - Advanced Valuation Insights
This section examines the relationship between Mustang Industrial'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 | 1.20 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | 2.1% |
| Total Assets | NT$827.59 Million |
| Market Capitalization | $17.04 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mustang Industrial's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Mustang Industrial's assets grew by 2.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Mustang Industrial (2017–2024)
The table below shows the annual total assets of Mustang Industrial from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$827.59 Million | +2.10% |
| 2023-12-31 | NT$810.54 Million | -4.44% |
| 2022-12-31 | NT$848.22 Million | -4.16% |
| 2021-12-31 | NT$885.05 Million | -6.87% |
| 2020-12-31 | NT$950.29 Million | -9.01% |
| 2019-12-31 | NT$1.04 Billion | -13.84% |
| 2018-12-31 | NT$1.21 Billion | +1.47% |
| 2017-12-31 | NT$1.19 Billion | -- |