Goertek Inc (002241) - Net Assets
Based on the latest financial reports, Goertek Inc (002241) has net assets worth CN¥36.64 Billion CNY (≈ $5.36 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥94.82 Billion ≈ $13.88 Billion USD) and total liabilities (CN¥58.19 Billion ≈ $8.51 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. Check asset resilience ratio of Goertek Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥36.64 Billion |
| % of Total Assets | 38.64% |
| Annual Growth Rate | 37.94% |
| 5-Year Change | 72.54% |
| 10-Year Change | 258.52% |
| Growth Volatility | 85.02 |
Goertek Inc - Net Assets Trend (2005–2024)
This chart illustrates how Goertek Inc's net assets have evolved over time, based on quarterly financial data. Also explore 002241 total assets for the complete picture of this company's asset base.
Annual Net Assets for Goertek Inc (2005–2024)
The table below shows the annual net assets of Goertek Inc from 2005 to 2024. For live valuation and market cap data, see 002241 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥34.05 Billion ≈ $4.98 Billion |
+7.99% |
| 2023-12-31 | CN¥31.53 Billion ≈ $4.61 Billion |
+4.19% |
| 2022-12-31 | CN¥30.26 Billion ≈ $4.43 Billion |
+8.34% |
| 2021-12-31 | CN¥27.93 Billion ≈ $4.09 Billion |
+41.54% |
| 2020-12-31 | CN¥19.73 Billion ≈ $2.89 Billion |
+22.35% |
| 2019-12-31 | CN¥16.13 Billion ≈ $2.36 Billion |
+6.06% |
| 2018-12-31 | CN¥15.21 Billion ≈ $2.23 Billion |
+1.95% |
| 2017-12-31 | CN¥14.92 Billion ≈ $2.18 Billion |
+37.51% |
| 2016-12-31 | CN¥10.85 Billion ≈ $1.59 Billion |
+14.23% |
| 2015-12-31 | CN¥9.50 Billion ≈ $1.39 Billion |
+11.44% |
| 2014-12-31 | CN¥8.52 Billion ≈ $1.25 Billion |
+32.77% |
| 2013-12-31 | CN¥6.42 Billion ≈ $939.27 Million |
+22.54% |
| 2012-12-31 | CN¥5.24 Billion ≈ $766.52 Million |
+141.05% |
| 2011-12-31 | CN¥2.17 Billion ≈ $317.99 Million |
+27.11% |
| 2010-12-31 | CN¥1.71 Billion ≈ $250.17 Million |
+82.48% |
| 2009-12-31 | CN¥936.88 Million ≈ $137.10 Million |
+7.12% |
| 2008-12-31 | CN¥874.59 Million ≈ $127.98 Million |
+379.65% |
| 2007-12-31 | CN¥182.34 Million ≈ $26.68 Million |
+25.92% |
| 2006-12-31 | CN¥144.81 Million ≈ $21.19 Million |
+91.78% |
| 2005-12-31 | CN¥75.51 Million ≈ $11.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goertek 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 43693.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥18.71 Billion | 56.39% |
| Common Stock | CN¥3.49 Billion | 10.51% |
| Other Comprehensive Income | CN¥1.99 Billion | 5.99% |
| Other Components | CN¥9.00 Billion | 27.12% |
| Total Equity | CN¥33.19 Billion | 100.00% |
Goertek Inc Competitors by Market Cap
The table below lists competitors of Goertek Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Shipbuilding Industry Group Power Co Ltd
SHG:600482
|
$12.72 Billion |
|
Winbond Electronics Corp
TW:2344
|
$12.73 Billion |
|
COLOPLAST SP.ADR 1/10 DK1
F:CBH
|
$12.73 Billion |
|
KT&G Corp
KO:033780
|
$12.73 Billion |
|
GRAB HOLDINGS LTD CL.A
F:A6I
|
$12.71 Billion |
|
China XD Electric Co Ltd
SHG:601179
|
$12.69 Billion |
|
Renaissancere Holdings Ltd
NYSE:RNR
|
$12.69 Billion |
|
Shanghai Rural Commercial Bank Co Ltd
SHG:601825
|
$12.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goertek Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 30,810,591,000 to 33,186,336,000, a change of 2,375,745,000 (7.7%).
- Net income of 2,665,044,831 contributed positively to equity growth.
- Dividend payments of 850,462,393 reduced retained earnings.
- Share repurchases of 497,162,992 reduced equity.
- Other comprehensive income increased equity by 1,986,524,000.
- Other factors decreased equity by 928,198,446.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.67 Billion | +8.03% |
| Dividends Paid | CN¥850.46 Million | -2.56% |
| Share Repurchases | CN¥497.16 Million | -1.5% |
| Other Comprehensive Income | CN¥1.99 Billion | +5.99% |
| Other Changes | CN¥-928.20 Million | -2.8% |
| Total Change | CN¥- | 7.71% |
Book Value vs Market Value Analysis
This analysis compares Goertek 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: 2.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 144.28x to 2.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.17 | CN¥24.50 | x |
| 2006-12-31 | CN¥0.28 | CN¥24.50 | x |
| 2007-12-31 | CN¥0.08 | CN¥24.50 | x |
| 2008-12-31 | CN¥0.35 | CN¥24.50 | x |
| 2009-12-31 | CN¥0.34 | CN¥24.50 | x |
| 2010-12-31 | CN¥0.62 | CN¥24.50 | x |
| 2011-12-31 | CN¥0.77 | CN¥24.50 | x |
| 2012-12-31 | CN¥1.74 | CN¥24.50 | x |
| 2013-12-31 | CN¥2.08 | CN¥24.50 | x |
| 2014-12-31 | CN¥2.74 | CN¥24.50 | x |
| 2015-12-31 | CN¥3.08 | CN¥24.50 | x |
| 2016-12-31 | CN¥3.55 | CN¥24.50 | x |
| 2017-12-31 | CN¥4.73 | CN¥24.50 | x |
| 2018-12-31 | CN¥4.74 | CN¥24.50 | x |
| 2019-12-31 | CN¥5.03 | CN¥24.50 | x |
| 2020-12-31 | CN¥6.14 | CN¥24.50 | x |
| 2021-12-31 | CN¥8.18 | CN¥24.50 | x |
| 2022-12-31 | CN¥8.81 | CN¥24.50 | x |
| 2023-12-31 | CN¥9.06 | CN¥24.50 | x |
| 2024-12-31 | CN¥9.71 | CN¥24.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goertek 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): 8.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.64%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 2.49x
- Recent ROE (8.03%) is below the historical average (16.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 19.36% | 14.20% | 0.57x | 2.39x | CN¥7.07 Million |
| 2006 | 22.59% | 17.72% | 0.28x | 4.54x | CN¥15.94 Million |
| 2007 | 49.11% | 11.95% | 0.98x | 4.18x | CN¥61.38 Million |
| 2008 | 15.11% | 12.11% | 0.71x | 1.76x | CN¥41.46 Million |
| 2009 | 11.41% | 8.86% | 0.62x | 2.07x | CN¥12.34 Million |
| 2010 | 16.91% | 10.45% | 0.81x | 2.01x | CN¥113.00 Million |
| 2011 | 25.31% | 12.95% | 0.73x | 2.67x | CN¥319.41 Million |
| 2012 | 17.57% | 12.51% | 0.77x | 1.82x | CN¥390.68 Million |
| 2013 | 20.63% | 13.00% | 0.80x | 1.99x | CN¥673.15 Million |
| 2014 | 19.89% | 13.05% | 0.72x | 2.13x | CN¥824.29 Million |
| 2015 | 13.30% | 9.16% | 0.71x | 2.05x | CN¥310.63 Million |
| 2016 | 15.23% | 8.56% | 0.84x | 2.11x | CN¥566.97 Million |
| 2017 | 14.36% | 8.38% | 0.96x | 1.78x | CN¥649.76 Million |
| 2018 | 5.70% | 3.65% | 0.80x | 1.96x | CN¥-654.20 Million |
| 2019 | 7.95% | 3.64% | 1.01x | 2.15x | CN¥-330.19 Million |
| 2020 | 14.49% | 4.93% | 1.17x | 2.52x | CN¥882.68 Million |
| 2021 | 15.64% | 5.46% | 1.28x | 2.24x | CN¥1.54 Billion |
| 2022 | 5.93% | 1.67% | 1.36x | 2.62x | CN¥-1.20 Billion |
| 2023 | 3.53% | 1.10% | 1.34x | 2.39x | CN¥-1.99 Billion |
| 2024 | 8.03% | 2.64% | 1.22x | 2.49x | CN¥-653.59 Million |
Industry Comparison
This section compares Goertek Inc's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $3,536,834,790
- Average return on equity (ROE) among peers: 5.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goertek Inc (002241) | CN¥36.64 Billion | 19.36% | 1.59x | $12.71 Billion |
| Konka Group Co Ltd (000016) | $3.29 Billion | 3.02% | 1.93x | $756.97 Million |
| Tianma Microelectronics Co Ltd (000050) | $13.76 Billion | 4.14% | 0.58x | $2.74 Billion |
| Guangdong Goworld Co Ltd (000823) | $1.01 Billion | 4.02% | 1.24x | $1.17 Billion |
| Soyea Technology Co Ltd (000909) | $1.98 Billion | 4.97% | 1.20x | $298.48 Million |
| Guoguang Electric Co Ltd (002045) | $650.56 Million | 7.89% | 0.74x | $928.45 Million |
| Hengdian Group DMEGC Magnetics Co Ltd (002056) | $6.77 Billion | 16.55% | 0.95x | $4.51 Billion |
| Shenzhen Auto Electric Power Plant Co Ltd (002227) | $1.14 Billion | -2.98% | 0.48x | $318.38 Million |
| Edifier Technology Co Ltd (002351) | $1.57 Billion | 6.28% | 0.09x | $1.45 Billion |
| Guangzhou Echom Sci&Tech Co Ltd (002420) | $1.66 Billion | 2.84% | 1.44x | $440.55 Million |
About Goertek Inc
Goertek Inc. provides micro electro-acoustic components, optical components, electronic accessories, and related products worldwide. It offers smart wearable products, such as smart watches and bracelets/rings; smart viewable products, including VR/MR HMD, AR/AI glasses, and panoramic camera; hearables comprising TWS earphones, audio glasses, and headphones; voice-controlled speaker, and robotics… Read more