Shinhsiung Natural Gas (8908) - Total Assets
Based on the latest financial reports, Shinhsiung Natural Gas (8908) holds total assets worth NT$11.89 Billion TWD (≈ $374.65 Million USD) as of December 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. Check total reinvestment intensity of Shinhsiung Natural Gas to assess the company's total reinvestment commitment from operating cash flow.
Shinhsiung Natural Gas - Total Assets Trend (2017–2025)
This chart illustrates how Shinhsiung Natural Gas's total assets have evolved over time, based on quarterly financial data. Check how high is Shinhsiung Natural Gas's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Shinhsiung Natural Gas - Asset Composition Analysis
Current Asset Composition (December 2025)
Shinhsiung Natural Gas's total assets of NT$11.89 Billion consist of 43.1% current assets and 56.9% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 9.9% |
| Accounts Receivable | NT$782.61 Million | 6.6% |
| Inventory | NT$2.50 Billion | 21.0% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$0.00 | 0.0% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2017–2025)
This chart illustrates how Shinhsiung Natural Gas'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. For live market cap, price, and company overview, see 8908 market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Shinhsiung Natural Gas's current assets represent 43.1% of total assets in 2025, an increase from 29.8% in 2017.
- Cash Position: Cash and equivalents constituted 9.9% of total assets in 2025, up from 9.8% 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 inventory at 21.0% of total assets.
Shinhsiung Natural Gas Competitors by Total Assets
Key competitors of Shinhsiung Natural Gas based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
GAIL (India) Limited
NSE:GAIL
|
India | Rs1.36 Trillion |
|
Spire Inc
NYSE:SR
|
USA | $14.67 Billion |
|
Gas Malaysia Bhd
KLSE:5209
|
Malaysia | RM3.61 Billion |
|
Xinjiang Haoyuan Natural Gas Co Ltd
SHE:002700
|
China | CN¥1.58 Billion |
|
Xinjiang Torch Gas Co Ltd
SHG:603080
|
China | CN¥2.57 Billion |
|
Shin Hai Gas Corp
TW:9926
|
Taiwan | NT$8.75 Billion |
|
Hsin Tai Gas Co Ltd
TWO:8917
|
Taiwan | NT$6.03 Billion |
|
Daesung Energy
KO:117580
|
Korea | ₩640.40 Billion |
Shinhsiung Natural Gas - 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 | 1.30 | 1.10 | 0.93 |
| Quick Ratio | 0.67 | 0.57 | 0.63 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$1.19 Billion | NT$361.56 Million | NT$-166.37 Million |
Shinhsiung Natural Gas - Advanced Valuation Insights
This section examines the relationship between Shinhsiung Natural Gas'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 | 2.76 |
| Latest Market Cap to Assets Ratio | 0.03 |
| Asset Growth Rate (YoY) | 22.9% |
| Total Assets | NT$11.89 Billion |
| Market Capitalization | $416.17 Million USD |
Valuation Analysis
Below Book Valuation: The market values Shinhsiung Natural Gas's assets below their book value (0.03x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Shinhsiung Natural Gas's assets grew by 22.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Shinhsiung Natural Gas (2017–2025)
The table below shows the annual total assets of Shinhsiung Natural Gas from 2017 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | NT$11.89 Billion ≈ $374.65 Million |
+22.92% |
| 2024-12-31 | NT$9.67 Billion ≈ $304.80 Million |
+9.94% |
| 2023-12-31 | NT$8.80 Billion ≈ $277.24 Million |
+9.17% |
| 2022-12-31 | NT$8.06 Billion ≈ $253.96 Million |
+13.70% |
| 2021-12-31 | NT$7.09 Billion ≈ $223.36 Million |
+13.09% |
| 2020-12-31 | NT$6.27 Billion ≈ $197.50 Million |
+16.03% |
| 2019-12-31 | NT$5.40 Billion ≈ $170.22 Million |
+13.30% |
| 2018-12-31 | NT$4.77 Billion ≈ $150.24 Million |
+10.50% |
| 2017-12-31 | NT$4.32 Billion ≈ $135.97 Million |
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About Shinhsiung Natural Gas
ShinHsiung Natural Gas Inc. supplies natural gas in Taiwan. The company operates through three segments: Gas Sale Department, Installation Department, and Solar Electricity Sale Department. It engages in the gas transmission conduits and equipment business; sale of electricity generated by solar energy; equity holding activities; buying, selling, and renting of real estate; solar energy optoelect… Read more