Advantest Corporation
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
Advantest Corporation (ADTTF) - Net Assets
Latest net assets as of June 2025: $574.22 Billion USD
Based on the latest financial reports, Advantest Corporation (ADTTF) has net assets worth $574.22 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($889.87 Billion) and total liabilities ($315.65 Billion). 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 | $574.22 Billion |
| % of Total Assets | 64.53% |
| Annual Growth Rate | 2.69% |
| 5-Year Change | 80.67% |
| 10-Year Change | 441.06% |
| Growth Volatility | 20.6 |
Advantest Corporation - Net Assets Trend (2001–2025)
This chart illustrates how Advantest Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Advantest Corporation (2001–2025)
The table below shows the annual net assets of Advantest Corporation from 2001 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $506.54 Billion | +17.48% |
| 2024-03-31 | $431.18 Billion | +16.95% |
| 2023-03-31 | $368.69 Billion | +25.14% |
| 2022-03-31 | $294.62 Billion | +5.08% |
| 2021-03-31 | $280.37 Billion | +21.13% |
| 2020-03-31 | $231.45 Billion | +16.46% |
| 2019-03-31 | $198.73 Billion | +59.48% |
| 2018-03-31 | $124.61 Billion | +13.78% |
| 2017-03-31 | $109.52 Billion | +16.98% |
| 2016-03-31 | $93.62 Billion | -33.57% |
| 2015-03-31 | $140.94 Billion | +21.23% |
| 2014-03-31 | $116.25 Billion | -17.69% |
| 2013-03-31 | $141.24 Billion | +7.37% |
| 2012-03-31 | $131.55 Billion | -4.76% |
| 2011-03-31 | $138.13 Billion | -8.06% |
| 2010-03-31 | $150.24 Billion | -8.17% |
| 2009-03-31 | $163.62 Billion | -35.45% |
| 2008-03-31 | $253.46 Billion | -13.85% |
| 2007-03-31 | $294.22 Billion | +13.85% |
| 2006-03-31 | $258.44 Billion | +25.18% |
| 2005-03-31 | $206.45 Billion | -5.88% |
| 2004-03-31 | $219.33 Billion | +5.92% |
| 2003-03-31 | $207.07 Billion | -13.86% |
| 2002-03-31 | $240.38 Billion | -10.28% |
| 2001-03-31 | $267.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Advantest Corporation'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 48985000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $489.85 Billion | 96.71% |
| Common Stock | $32.36 Billion | 6.39% |
| Other Comprehensive Income | $41.85 Billion | 8.26% |
| Total Equity | $506.54 Billion | 100.00% |
Advantest Corporation Competitors by Market Cap
The table below lists competitors of Advantest Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Universal Music Group N.V.
PINK:UMGNF
|
$27.29 Billion |
|
Dollar General Corporation
NYSE:DG
|
$27.35 Billion |
|
KBC Groep NV
BR:KBC
|
$27.41 Billion |
|
Willis Towers Watson PLC
NASDAQ:WTW
|
$27.45 Billion |
|
Natera Inc
NASDAQ:NTRA
|
$27.27 Billion |
|
Imperial Brands PLC
OTCQX:IMBBY
|
$27.15 Billion |
|
Eversource Energy
NYSE:ES
|
$27.14 Billion |
|
Elbit Systems Ltd
NASDAQ:ESLT
|
$27.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advantest Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 431,178,000,000 to 506,539,000,000, a change of 75,361,000,000 (17.5%).
- Net income of 161,177,000,000 contributed positively to equity growth.
- Dividend payments of 27,320,000,000 reduced retained earnings.
- Share repurchases of 50,080,000,000 reduced equity.
- New share issuances of 352,000,000 increased equity.
- Other comprehensive income decreased equity by 12,574,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $161.18 Billion | +31.82% |
| Dividends Paid | $27.32 Billion | -5.39% |
| Share Repurchases | $50.08 Billion | -9.89% |
| Share Issuances | $352.00 Million | +0.07% |
| Other Comprehensive Income | $-12.57 Billion | -2.48% |
| Other Changes | $3.81 Billion | +0.75% |
| Total Change | $- | 17.48% |
Book Value vs Market Value Analysis
This analysis compares Advantest Corporation'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: 0.06x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-03-31 | $1344.76 | $38.00 | x |
| 2002-03-31 | $1200.51 | $38.00 | x |
| 2003-03-31 | $1065.47 | $38.00 | x |
| 2004-03-31 | $1114.38 | $38.00 | x |
| 2005-03-31 | $1055.36 | $38.00 | x |
| 2006-03-31 | $1383.35 | $38.00 | x |
| 2007-03-31 | $1562.39 | $38.00 | x |
| 2008-03-31 | $1387.15 | $38.00 | x |
| 2009-03-31 | $915.46 | $38.00 | x |
| 2010-03-31 | $840.64 | $38.00 | x |
| 2011-03-31 | $787.10 | $38.00 | x |
| 2012-03-31 | $759.35 | $38.00 | x |
| 2013-03-31 | $812.70 | $38.00 | x |
| 2014-03-31 | $667.61 | $38.00 | x |
| 2015-03-31 | $807.45 | $38.00 | x |
| 2016-03-31 | $485.68 | $38.00 | x |
| 2017-03-31 | $565.21 | $38.00 | x |
| 2018-03-31 | $633.54 | $38.00 | x |
| 2019-03-31 | $1000.72 | $38.00 | x |
| 2020-03-31 | $1160.95 | $38.00 | x |
| 2021-03-31 | $1419.83 | $38.00 | x |
| 2022-03-31 | $1529.85 | $38.00 | x |
| 2023-03-31 | $491.05 | $38.00 | x |
| 2024-03-31 | $582.56 | $38.00 | x |
| 2025-03-31 | $685.15 | $38.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advantest Corporation 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): 31.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.67%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.69x
- Recent ROE (31.82%) is above the historical average (8.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 19.83% | 19.21% | 0.68x | 1.52x | $26.33 Billion |
| 2002 | -9.93% | -25.10% | 0.31x | 1.28x | $-47.86 Billion |
| 2003 | -6.17% | -13.29% | 0.35x | 1.33x | $-33.43 Billion |
| 2004 | 7.81% | 9.95% | 0.53x | 1.49x | $-4.78 Billion |
| 2005 | 18.42% | 15.90% | 0.81x | 1.44x | $17.38 Billion |
| 2006 | 16.04% | 16.29% | 0.72x | 1.36x | $15.61 Billion |
| 2007 | 12.06% | 15.13% | 0.64x | 1.24x | $6.06 Billion |
| 2008 | 6.53% | 9.08% | 0.61x | 1.18x | $-8.79 Billion |
| 2009 | -45.78% | -97.72% | 0.38x | 1.23x | $-91.26 Billion |
| 2010 | -7.62% | -21.52% | 0.28x | 1.26x | $-26.48 Billion |
| 2011 | 2.29% | 3.17% | 0.55x | 1.31x | $-10.65 Billion |
| 2012 | -1.67% | -1.56% | 0.64x | 1.67x | $-15.35 Billion |
| 2013 | -2.71% | -2.88% | 0.59x | 1.60x | $-17.95 Billion |
| 2014 | -30.57% | -31.77% | 0.49x | 1.98x | $-47.17 Billion |
| 2015 | 9.19% | 7.93% | 0.60x | 1.94x | $-1.15 Billion |
| 2016 | 7.15% | 4.13% | 0.77x | 2.25x | $-2.67 Billion |
| 2017 | 12.97% | 9.11% | 0.67x | 2.11x | $3.25 Billion |
| 2018 | 14.53% | 8.74% | 0.81x | 2.04x | $5.64 Billion |
| 2019 | 28.68% | 20.18% | 0.93x | 1.53x | $37.12 Billion |
| 2020 | 23.13% | 19.40% | 0.78x | 1.54x | $30.39 Billion |
| 2021 | 24.89% | 22.31% | 0.74x | 1.51x | $41.75 Billion |
| 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 |
Industry Comparison
This section compares Advantest Corporation's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $1,613,067,335
- Average return on equity (ROE) among peers: 12.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advantest Corporation (ADTTF) | $574.22 Billion | 19.83% | 0.55x | $27.29 Billion |
| Axcelis Technologies Inc (ACLS) | $205.57 Million | -8.55% | 0.37x | $2.62 Billion |
| Acm Research Inc (ACMR) | $2.48 Million | 41.49% | 16.89x | $2.51 Billion |
| Aehr Test Systems (AEHR) | $11.28 Million | -4.26% | 0.28x | $1.01 Billion |
| AEM Holdings Ltd. (AEMFF) | $211.43 Million | 46.16% | 0.59x | $164.30 Million |
| AIXTRON SE (AIXXF) | $910.07 Million | 9.37% | 0.14x | $996.24 Million |
| Applied Materials Inc (AMAT) | $254.40 Million | 20.24% | 0.71x | $278.50 Billion |
| Ambarella Inc (AMBA) | $561.41 Million | -20.86% | 0.23x | $2.14 Billion |
| Amkor Technology Inc (AMKR) | $4.00 Billion | 9.01% | 0.69x | $5.65 Billion |
| ASML Holding NV (ASMLF) | $8.37 Billion | 16.95% | 0.56x | $267.08 Billion |