Chia Ta World Co Ltd

Chia Ta World Co Ltd maintains a relatively strong liquidity position, with a current ratio of 2.52, indicating the company can cover its short-term liabilities more than twice over with its current assets. However, the company's liquidity risk is assessed as medium, primarily due to a negative net cash position after subtracting total debt. The company's debt-to-equity ratio of 0.16 suggests a conservative capital structure, with a low reliance on debt financing.

In terms of profitability, Chia Ta World Co Ltd's return on equity (ROE) of 0.0033 and return on assets (ROA) of 0.0027 are both below the typical thresholds for strong performance in the mining industry. These metrics indicate that the company is generating minimal returns relative to its equity and asset base. The operating margin, calculated as operating income of 4.3 million TWD on revenue of 135.73 million TWD, is also modest, suggesting limited efficiency in converting revenue into operating profit.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no material geographic diversification reported. This lack of diversification increases exposure to regional economic and regulatory risks. The company's operating cash flow of 17.6 million TWD and free cash flow of 6.53 million TWD indicate a positive cash-generating ability, though the magnitude is relatively small given the company's asset base.

Looking ahead, the company's growth trajectory appears modest. The capital expenditure of -1.595 million TWD suggests a reduction in investment in new projects or infrastructure, which may limit future growth potential. The company's revenue outlook for the current fiscal year is not explicitly provided, but the low ROE and ROA suggest that significant growth in profitability is unlikely without operational improvements or external factors such as commodity price increases.

The risk assessment for Chia Ta World Co Ltd highlights a low dilution risk, with no near-term pressure from share issuance or dilutive events. The company's shares outstanding remain unchanged between basic and diluted shares, indicating no material dilution potential. However, the company's liquidity risk remains a concern due to the negative net cash position after debt.

Recent events, including the company's last actual EPS of 0.45 TWD, suggest a stable but not robust earnings performance. The company has not disclosed any major strategic initiatives or capital-raising activities in recent filings, which may indicate a conservative approach to growth and capital allocation.

Revenue TWD 164.7M, +20,9% YoY; Operating income +146,4% YoY.

• ▍Revenue TWD 164.7M, +20,9% YoY
• ▍Operating income +146,4% YoY
• ▍Net income +59,1% YoY
• ▍Free cash flow −2 017,5% YoY
• ▍Net margin 4.5%

Revenue TWD 179.9M, +32,6% YoY; Operating income +122,8% YoY.

• ▍Revenue TWD 179.9M, +32,6% YoY
• ▍Operating income +122,8% YoY
• ▍Net income +168,2% YoY
• ▍Free cash flow −113,1% YoY
• ▍Net margin 5.0%

Revenue TWD 156.1M; Operating income TWD 4.9M.

• ▍Revenue TWD 156.1M
• ▍Operating income TWD 4.9M
• ▍Net margin 2.2%

Revenue TWD 577.6M, −1,5% YoY; Operating income +388,4% YoY.

• ▍Revenue TWD 577.6M, −1,5% YoY
• ▍Operating income +388,4% YoY
• ▍Net income +605,2% YoY
• ▍Free cash flow −26,9% YoY
• ▍Net margin 2.7%