Amulaire Thermal Technology
Amulaire Thermal Technology, Inc. engages in the manufacturing and sales of vehicles and electronic components in Taiwan, Germany, China, and Japan. The company offers thermal modules and parts of inverters; heat dissipation systems and parts of high power electronic systems, such as servers and supercomputers; and consumer electronics, including projectors and CPU/GPU. It also provides customiza… Read more
Amulaire Thermal Technology (2241) - Net Assets
Latest net assets as of September 2025: NT$1.47 Billion TWD
Based on the latest financial reports, Amulaire Thermal Technology (2241) has net assets worth NT$1.47 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.19 Billion) and total liabilities (NT$719.57 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 | NT$1.47 Billion |
| % of Total Assets | 67.07% |
| Annual Growth Rate | 18.88% |
| 5-Year Change | -11.33% |
| 10-Year Change | 86.66% |
| Growth Volatility | 108.68 |
Amulaire Thermal Technology - Net Assets Trend (2012–2024)
This chart illustrates how Amulaire Thermal Technology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Amulaire Thermal Technology (2012–2024)
The table below shows the annual net assets of Amulaire Thermal Technology from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.49 Billion | -9.78% |
| 2023-12-31 | NT$1.65 Billion | +12.53% |
| 2022-12-31 | NT$1.47 Billion | -10.06% |
| 2021-12-31 | NT$1.63 Billion | -2.90% |
| 2020-12-31 | NT$1.68 Billion | +53.93% |
| 2019-12-31 | NT$1.09 Billion | +17.91% |
| 2018-12-31 | NT$924.56 Million | +5.23% |
| 2017-12-31 | NT$878.64 Million | -2.98% |
| 2016-12-31 | NT$905.67 Million | +13.62% |
| 2015-12-31 | NT$797.08 Million | +393.81% |
| 2014-12-31 | NT$161.41 Million | +5.78% |
| 2013-12-31 | NT$152.60 Million | -18.32% |
| 2012-12-31 | NT$186.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Amulaire Thermal Technology'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 decreased by 72532656100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.05 Billion | 74.14% |
| Other Components | NT$1.12 Billion | 79.61% |
| Total Equity | NT$1.41 Billion | 100.00% |
Amulaire Thermal Technology Competitors by Market Cap
The table below lists competitors of Amulaire Thermal Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lotte Data Communication Company
KO:286940
|
$80.92 Million |
|
Nice Information & Telecommunication Inc
KQ:036800
|
$80.94 Million |
|
0F1C
LSE:0F1C
|
$80.95 Million |
|
Landmark Cars Limited
NSE:LANDMARK
|
$80.96 Million |
|
Shanghai HYP-ARCH Architectural Design Consultant Co.Ltd.
SHE:301024
|
$80.81 Million |
|
Quarterhill Inc
OTCQX:QTRHF
|
$80.79 Million |
|
Citra Putra Realty Tbk PT
JK:CLAY
|
$80.79 Million |
|
QVC Group Inc.
NASDAQ:QVCGB
|
$80.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Amulaire Thermal Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,613,224,000 to 1,410,866,000, a change of -202,358,000 (-12.5%).
- Net loss of 207,116,000 reduced equity.
- Other comprehensive income increased equity by 259,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-207.12 Million | -14.68% |
| Other Comprehensive Income | NT$259.00K | +0.02% |
| Other Changes | NT$4.50 Million | +0.32% |
| Total Change | NT$- | -12.54% |
Book Value vs Market Value Analysis
This analysis compares Amulaire Thermal Technology'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: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | NT$14.10 | NT$29.15 | x |
| 2013-12-31 | NT$7.02 | NT$29.15 | x |
| 2014-12-31 | NT$6.48 | NT$29.15 | x |
| 2015-12-31 | NT$13.18 | NT$29.15 | x |
| 2016-12-31 | NT$12.30 | NT$29.15 | x |
| 2017-12-31 | NT$11.95 | NT$29.15 | x |
| 2018-12-31 | NT$12.44 | NT$29.15 | x |
| 2019-12-31 | NT$14.47 | NT$29.15 | x |
| 2020-12-31 | NT$20.81 | NT$29.15 | x |
| 2021-12-31 | NT$17.89 | NT$29.15 | x |
| 2022-12-31 | NT$15.74 | NT$29.15 | x |
| 2023-12-31 | NT$17.86 | NT$29.15 | x |
| 2024-12-31 | NT$13.61 | NT$29.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Amulaire Thermal Technology utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.06%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.70x
- Recent ROE (-14.68%) is below the historical average (-8.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -48.27% | -87.35% | 0.43x | 1.30x | NT$-108.87 Million |
| 2013 | -22.17% | -36.19% | 0.55x | 1.11x | NT$-49.10 Million |
| 2014 | -13.10% | -16.30% | 0.58x | 1.39x | NT$-37.28 Million |
| 2015 | 8.86% | 24.58% | 0.31x | 1.18x | NT$-9.11 Million |
| 2016 | 12.06% | 22.73% | 0.32x | 1.63x | NT$18.69 Million |
| 2017 | -3.02% | -6.47% | 0.21x | 2.26x | NT$-114.38 Million |
| 2018 | 4.96% | 10.79% | 0.20x | 2.36x | NT$-46.63 Million |
| 2019 | 6.74% | 9.53% | 0.38x | 1.87x | NT$-35.58 Million |
| 2020 | 0.39% | 0.77% | 0.36x | 1.41x | NT$-161.25 Million |
| 2021 | -6.74% | -9.64% | 0.38x | 1.83x | NT$-272.69 Million |
| 2022 | -15.61% | -30.10% | 0.25x | 2.12x | NT$-361.18 Million |
| 2023 | -13.86% | -25.29% | 0.33x | 1.69x | NT$-384.89 Million |
| 2024 | -14.68% | -30.06% | 0.29x | 1.70x | NT$-348.20 Million |
Industry Comparison
This section compares Amulaire Thermal Technology's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,968,073,800
- Average return on equity (ROE) among peers: 6.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Amulaire Thermal Technology (2241) | NT$1.47 Billion | -48.27% | 0.49x | $80.90 Million |
| Tong Yang Industry Co Ltd (1319) | $21.87 Billion | 8.81% | 0.70x | $975.38 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.66 Billion | 6.42% | 0.51x | $21.83 Million |
| Hiroca Holdings Ltd (1338) | $4.24 Billion | 7.42% | 0.52x | $26.55 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.44 Billion | 8.94% | 0.84x | $26.48 Million |
| Right Way Industrial Co Ltd (1506) | $1.21 Billion | -6.78% | 1.25x | $44.86 Million |
| Jui Li Enterprise Co Ltd (1512) | $2.05 Billion | 3.24% | 0.95x | $14.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.77 Billion | 2.39% | 0.89x | $18.53 Million |
| TYC Brother Industrial Co Ltd (1522) | $6.62 Billion | 9.41% | 2.24x | $163.24 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.70 Billion | 13.03% | 0.98x | $89.13 Million |
| Kian Shen Corp (1525) | $4.11 Billion | 11.02% | 0.21x | $31.62 Million |