ADVANTEST ADR NEW/1 O.N. (VANA) - Net Assets
Based on the latest financial reports, ADVANTEST ADR NEW/1 O.N. (VANA) has net assets worth €795.73 Billion EUR (≈ $930.29 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.17 Trillion ≈ $1.37 Trillion USD) and total liabilities (€376.09 Billion ≈ $439.69 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See ADVANTEST ADR NEW/1 O.N. (VANA) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €795.73 Billion |
| % of Total Assets | 67.91% |
| Annual Growth Rate | 28.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 16.45 |
ADVANTEST ADR NEW/1 O.N. - Net Assets Trend (2022–2026)
This chart illustrates how ADVANTEST ADR NEW/1 O.N.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see ADVANTEST ADR NEW/1 O.N. market capitalisation.
Annual Net Assets for ADVANTEST ADR NEW/1 O.N. (2022–2026)
The table below shows the annual net assets of ADVANTEST ADR NEW/1 O.N. from 2022 to 2026. Also explore ADVANTEST ADR NEW/1 O.N. net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | €795.73 Billion ≈ $930.29 Billion |
+57.09% |
| 2025-03-31 | €506.54 Billion ≈ $592.20 Billion |
+17.48% |
| 2024-03-31 | €431.18 Billion ≈ $504.09 Billion |
+16.95% |
| 2023-03-31 | €368.69 Billion ≈ $431.04 Billion |
+25.14% |
| 2022-03-31 | €294.62 Billion ≈ $344.44 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to ADVANTEST ADR NEW/1 O.N.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 134.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €655.57 Billion | 82.39% |
| Other Components | €140.16 Billion | 17.61% |
| Total Equity | €795.73 Billion | 100.00% |
ADVANTEST ADR NEW/1 O.N. Competitors by Market Cap
The table below lists competitors of ADVANTEST ADR NEW/1 O.N. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mondelez International Inc
NASDAQ:MDLZ
|
$79.59 Billion |
|
Sherwin-Williams Co
NYSE:SHW
|
$79.69 Billion |
|
Cintas Corporation
NASDAQ:CTAS
|
$79.82 Billion |
|
Infineon Technologies AG
F:IFX
|
$79.92 Billion |
|
TOKYO ELECTRON ADR 1/4/ON
F:TKY0
|
$79.22 Billion |
|
Postal Savings Bank of China Co Ltd
SHG:601658
|
$79.06 Billion |
|
The Travelers Companies Inc
NYSE:TRV
|
$79.03 Billion |
|
ANZ Group Holdings Ltd
AU:ANZ
|
$78.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ADVANTEST ADR NEW/1 O.N.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 506,539,000,000 to 795,726,000,000, a change of 289,187,000,000 (57.1%).
- Net income of 375,353,000,000 contributed positively to equity growth.
- Dividend payments of 35,754,000,000 reduced retained earnings.
- Share repurchases of 114,328,000,000 reduced equity.
- New share issuances of 411,000,000 increased equity.
- Other factors increased equity by 63,505,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €375.35 Billion | +47.17% |
| Dividends Paid | €35.75 Billion | -4.49% |
| Share Repurchases | €114.33 Billion | -14.37% |
| Share Issuances | €411.00 Million | +0.05% |
| Other Changes | €63.51 Billion | +7.98% |
| Total Change | €- | 57.09% |
Book Value vs Market Value Analysis
This analysis compares ADVANTEST ADR NEW/1 O.N.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.14x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.39x to 0.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | €387.85 | €151.00 | x |
| 2023-03-31 | €500.36 | €151.00 | x |
| 2024-03-31 | €583.93 | €151.00 | x |
| 2025-03-31 | €690.37 | €151.00 | x |
| 2026-03-31 | €1096.77 | €151.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ADVANTEST ADR NEW/1 O.N. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 47.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.26%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.47x
- Recent ROE (47.17%) is above the historical average (31.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 29.63% | 20.94% | 0.84x | 1.68x | €57.84 Billion |
| 2023 | 35.37% | 23.28% | 0.93x | 1.63x | €93.53 Billion |
| 2024 | 14.45% | 12.80% | 0.72x | 1.56x | €19.17 Billion |
| 2025 | 31.82% | 20.67% | 0.91x | 1.69x | €110.52 Billion |
| 2026 | 47.17% | 33.26% | 0.96x | 1.47x | €295.78 Billion |
Industry Comparison
This section compares ADVANTEST ADR NEW/1 O.N.'s net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,220,601,200
- Average return on equity (ROE) among peers: 14.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ADVANTEST ADR NEW/1 O.N. (VANA) | €795.73 Billion | 29.63% | 0.47x | $79.38 Billion |
| Daqo New Energy Corp (5DQ2) | $2.67 Billion | 28.31% | 0.25x | $696.96 Million |
| AIXTRON SE (UNSP.ADR/2) (AIX2) | $592.17 Million | 16.15% | 0.25x | $4.12 Billion |
| AIXTRON SE (AIXA) | $628.34 Million | 12.66% | 0.24x | $4.50 Billion |
| ASML HOLDING NY EO-09 (ASMF) | $8.81 Billion | 63.83% | 3.12x | $520.31 Billion |
| ASM INTL N.V. NY/1 EO-04 (AVSN) | $2.24 Billion | 22.07% | 0.21x | $42.69 Billion |
| ASM Pacific Technology Limited (AY7A) | $15.80 Billion | 4.53% | 0.52x | $7.67 Billion |
| BE SEMICON.INDS NY EO091 (BSIA) | $421.41 Million | 42.02% | 1.13x | $15.67 Billion |
| Kulicke and Soffa Industries Inc (KU1) | $789.24 Million | 7.98% | 0.20x | $3.74 Billion |
| Manz AG (M5Z) | $125.26 Million | -51.25% | 1.34x | $493.77K |
| First Sensor AG (SIS) | $121.95 Million | 0.00% | 0.55x | $540.53 Million |
About ADVANTEST ADR NEW/1 O.N.
Advantest Corporation, together with its subsidiaries, manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, rest of Asia, the Americas, and Europe. It operates in three segments: Semiconductor and Component Test System Business; Mechatronics Related Business; and Services, Support and Others. The company offers automated test equipment, includ… Read more