Deswell Industries Inc
Deswell Industries, Inc. engages in the manufacture and sale of injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers in China, the United States, Europe, Hong Kong, the United Kingdom, Canada, and internationally. The company operates through two segments, Plasti… Read more
Deswell Industries Inc (DSWL) - Net Assets
Latest net assets as of September 2025: $108.05 Million USD
Based on the latest financial reports, Deswell Industries Inc (DSWL) has net assets worth $108.05 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($128.21 Million) and total liabilities ($20.17 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $108.05 Million |
| % of Total Assets | 84.27% |
| Annual Growth Rate | 5.27% |
| 5-Year Change | 19.18% |
| 10-Year Change | 32.95% |
| Growth Volatility | 14.13 |
Deswell Industries Inc - Net Assets Trend (1996–2025)
This chart illustrates how Deswell Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Deswell Industries Inc (1996–2025)
The table below shows the annual net assets of Deswell Industries Inc from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $102.12 Million | +8.44% |
| 2024-03-31 | $94.17 Million | +5.04% |
| 2023-03-31 | $89.65 Million | -1.38% |
| 2022-03-31 | $90.91 Million | +6.09% |
| 2021-03-31 | $85.69 Million | +6.68% |
| 2020-03-31 | $80.32 Million | -4.34% |
| 2019-03-31 | $83.96 Million | +3.30% |
| 2018-03-31 | $81.28 Million | +6.66% |
| 2017-03-31 | $76.20 Million | -0.79% |
| 2016-03-31 | $76.81 Million | -8.63% |
| 2015-03-31 | $84.06 Million | -6.19% |
| 2014-03-31 | $89.61 Million | -11.78% |
| 2013-03-31 | $101.58 Million | -5.68% |
| 2012-03-31 | $107.69 Million | -3.23% |
| 2011-03-31 | $111.29 Million | -8.04% |
| 2010-03-31 | $121.02 Million | +0.59% |
| 2009-03-31 | $120.31 Million | -0.78% |
| 2008-03-31 | $121.26 Million | +1.44% |
| 2007-03-31 | $119.54 Million | +4.49% |
| 2006-03-31 | $114.40 Million | +0.19% |
| 2005-03-31 | $114.19 Million | +16.99% |
| 2004-03-31 | $97.60 Million | +10.52% |
| 2003-03-31 | $88.31 Million | +10.14% |
| 2002-03-31 | $80.18 Million | +9.21% |
| 2001-03-31 | $73.42 Million | +18.49% |
| 2000-03-31 | $61.96 Million | +8.51% |
| 1999-03-31 | $57.10 Million | +10.02% |
| 1998-03-31 | $51.90 Million | +55.86% |
| 1997-03-31 | $33.30 Million | +44.78% |
| 1996-03-31 | $23.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Deswell Industries Inc'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 313.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $38.45 Million | 37.65% |
| Common Stock | $53.20 Million | 52.10% |
| Other Comprehensive Income | $5.32 Million | 5.21% |
| Other Components | $5.15 Million | 5.05% |
| Total Equity | $102.12 Million | 100.00% |
Deswell Industries Inc Competitors by Market Cap
The table below lists competitors of Deswell Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hopscotch Groupe S.A.
PA:ALHOP
|
$15.03 Million |
|
Firetail Resources Ltd
AU:FTL
|
$15.03 Million |
|
Intensity Therapeutics, Inc. Common stock
NASDAQ:INTS
|
$15.03 Million |
|
Ora Gold Ltd
AU:OAU
|
$15.03 Million |
|
SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS
IS:SANEL
|
$15.02 Million |
|
ADVICENNE (PROM.) EO-20
F:3MM
|
$15.02 Million |
|
Sewha P&C INC
KQ:252500
|
$15.02 Million |
|
K33 AB (publ)
ST:K33
|
$15.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Deswell Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 94,170,000 to 102,120,000, a change of 7,950,000 (8.4%).
- Net income of 11,138,000 contributed positively to equity growth.
- Dividend payments of 3,188,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.14 Million | +10.91% |
| Dividends Paid | $3.19 Million | -3.12% |
| Total Change | $- | 8.44% |
Book Value vs Market Value Analysis
This analysis compares Deswell Industries Inc'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: 0.51x
- 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 1.59x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-03-31 | $2.06 | $3.28 | x |
| 1997-03-31 | $2.73 | $3.28 | x |
| 1998-03-31 | $3.67 | $3.28 | x |
| 1999-03-31 | $3.96 | $3.28 | x |
| 2000-03-31 | $4.33 | $3.28 | x |
| 2001-03-31 | $2.29 | $3.28 | x |
| 2002-03-31 | $3.66 | $3.28 | x |
| 2003-03-31 | $6.16 | $3.28 | x |
| 2004-03-31 | $6.34 | $3.28 | x |
| 2005-03-31 | $7.02 | $3.28 | x |
| 2006-03-31 | $7.15 | $3.28 | x |
| 2007-03-31 | $7.42 | $3.28 | x |
| 2008-03-31 | $7.79 | $3.28 | x |
| 2009-03-31 | $7.61 | $3.28 | x |
| 2010-03-31 | $7.55 | $3.28 | x |
| 2011-03-31 | $6.87 | $3.28 | x |
| 2012-03-31 | $6.65 | $3.28 | x |
| 2013-03-31 | $6.17 | $3.28 | x |
| 2014-03-31 | $5.54 | $3.28 | x |
| 2015-03-31 | $5.24 | $3.28 | x |
| 2016-03-31 | $4.78 | $3.28 | x |
| 2017-03-31 | $4.75 | $3.28 | x |
| 2018-03-31 | $5.08 | $3.28 | x |
| 2019-03-31 | $5.23 | $3.28 | x |
| 2020-03-31 | $5.05 | $3.28 | x |
| 2021-03-31 | $5.34 | $3.28 | x |
| 2022-03-31 | $5.63 | $3.28 | x |
| 2023-03-31 | $5.58 | $3.28 | x |
| 2024-03-31 | $5.89 | $3.28 | x |
| 2025-03-31 | $6.40 | $3.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Deswell Industries Inc 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): 10.91%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.47%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.18x
- Recent ROE (10.91%) is above the historical average (8.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 27.96% | 19.28% | 1.15x | 1.26x | $3.79 Million |
| 1997 | 29.49% | 19.55% | 1.09x | 1.39x | $5.75 Million |
| 1998 | 28.76% | 19.64% | 1.12x | 1.31x | $8.48 Million |
| 1999 | 19.47% | 17.79% | 0.83x | 1.32x | $4.62 Million |
| 2000 | 19.42% | 16.89% | 0.85x | 1.35x | $4.99 Million |
| 2001 | 20.05% | 15.84% | 0.97x | 1.31x | $6.42 Million |
| 2002 | 19.13% | 15.99% | 0.88x | 1.36x | $6.36 Million |
| 2003 | 12.51% | 11.27% | 0.86x | 1.30x | $2.06 Million |
| 2004 | 16.40% | 15.14% | 0.86x | 1.27x | $5.75 Million |
| 2005 | 14.49% | 12.09% | 0.92x | 1.31x | $4.71 Million |
| 2006 | 8.22% | 7.62% | 0.88x | 1.22x | $-1.90 Million |
| 2007 | 10.90% | 8.90% | 0.97x | 1.26x | $1.00 Million |
| 2008 | 7.24% | 7.62% | 0.82x | 1.16x | $-3.35 Million |
| 2009 | 0.99% | 0.91% | 0.96x | 1.14x | $-10.84 Million |
| 2010 | 1.24% | 1.84% | 0.61x | 1.11x | $-10.60 Million |
| 2011 | -7.29% | -9.66% | 0.66x | 1.14x | $-19.24 Million |
| 2012 | -1.36% | -2.26% | 0.53x | 1.13x | $-12.23 Million |
| 2013 | -1.96% | -3.68% | 0.48x | 1.11x | $-12.15 Million |
| 2014 | -8.36% | -18.30% | 0.41x | 1.12x | $-16.45 Million |
| 2015 | -3.34% | -7.37% | 0.39x | 1.15x | $-11.21 Million |
| 2016 | -6.42% | -11.07% | 0.51x | 1.14x | $-12.61 Million |
| 2017 | 1.81% | 3.09% | 0.49x | 1.19x | $-6.24 Million |
| 2018 | 7.62% | 10.20% | 0.60x | 1.24x | $-1.94 Million |
| 2019 | 5.09% | 6.42% | 0.66x | 1.19x | $-4.12 Million |
| 2020 | -1.64% | -2.02% | 0.69x | 1.19x | $-9.35 Million |
| 2021 | 9.61% | 12.69% | 0.60x | 1.26x | $-337.90K |
| 2022 | 9.06% | 9.63% | 0.74x | 1.27x | $-858.60K |
| 2023 | 2.30% | 2.66% | 0.70x | 1.23x | $-6.91 Million |
| 2024 | 8.19% | 11.11% | 0.62x | 1.18x | $-1.71 Million |
| 2025 | 10.91% | 16.47% | 0.56x | 1.18x | $926.00K |
Industry Comparison
This section compares Deswell Industries Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $32,528,480,432
- Average return on equity (ROE) among peers: -25.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Deswell Industries Inc (DSWL) | $108.05 Million | 27.96% | 0.19x | $15.02 Million |
| American Aires Inc (AAIRF) | $1.24 Million | -74.22% | 0.48x | $3.94 Million |
| Alpha Technologies Group Inc (AHAG) | $36.87 Million | 0.83% | 1.10x | $0.92 |
| Allient Inc. (ALNT) | $34.00 Million | 7.05% | 0.52x | $863.95 Million |
| alpha-En Corporation (ALPE) | $40.04K | -198.48% | 5.37x | $3.62K |
| Alps Electric Co Ltd (APELY) | $177.17 Billion | 5.46% | 1.82x | $2.39 Billion |
| Amphenol Corporation (APH) | $360.50 Million | 18.75% | 0.97x | $167.08 Billion |
| AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (ASAAF) | $202.88 Million | 8.78% | 1.04x | $344.33 Million |
| Audinate Group Limited (AUDGF) | $41.14 Million | 1.61% | 0.13x | $323.81 Million |
| AU Optronics Corp (AUOTY) | $136.15 Billion | -37.70% | 2.78x | $3.80 Billion |
| AVMPF (AVMPF) | $11.29 Billion | 16.97% | 2.73x | $7.28 Billion |