Rectron Ltd (2302) - Net Assets
Based on the latest financial reports, Rectron Ltd (2302) has net assets worth NT$1.79 Billion TWD (≈ $56.50 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 (NT$2.56 Billion ≈ $80.58 Million USD) and total liabilities (NT$764.42 Million ≈ $24.08 Million 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 tangible net worth ratio of Rectron Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.79 Billion |
| % of Total Assets | 70.11% |
| Annual Growth Rate | -3.61% |
| 5-Year Change | 5.47% |
| 10-Year Change | 6.71% |
| Growth Volatility | 9.34 |
Rectron Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Rectron Ltd's net assets have evolved over time, based on quarterly financial data. See Rectron Ltd (2302) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Rectron Ltd (2002–2024)
The table below shows the annual net assets of Rectron Ltd from 2002 to 2024. For live valuation and market cap data, see Rectron Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.83 Billion ≈ $57.78 Million |
+3.29% |
| 2023-12-31 | NT$1.78 Billion ≈ $55.94 Million |
-3.97% |
| 2022-12-31 | NT$1.85 Billion ≈ $58.25 Million |
+2.84% |
| 2021-12-31 | NT$1.80 Billion ≈ $56.65 Million |
+3.40% |
| 2020-12-31 | NT$1.74 Billion ≈ $54.78 Million |
+7.57% |
| 2019-12-31 | NT$1.62 Billion ≈ $50.93 Million |
-2.33% |
| 2018-12-31 | NT$1.65 Billion ≈ $52.14 Million |
+1.96% |
| 2017-12-31 | NT$1.62 Billion ≈ $51.14 Million |
-3.32% |
| 2016-12-31 | NT$1.68 Billion ≈ $52.90 Million |
-2.31% |
| 2015-12-31 | NT$1.72 Billion ≈ $54.15 Million |
-3.07% |
| 2014-12-31 | NT$1.77 Billion ≈ $55.86 Million |
+9.45% |
| 2013-12-31 | NT$1.62 Billion ≈ $51.04 Million |
+4.33% |
| 2012-12-31 | NT$1.55 Billion ≈ $48.92 Million |
-11.64% |
| 2011-12-31 | NT$1.76 Billion ≈ $55.37 Million |
-1.50% |
| 2010-12-31 | NT$1.78 Billion ≈ $56.21 Million |
-1.37% |
| 2009-12-31 | NT$1.81 Billion ≈ $56.99 Million |
-1.00% |
| 2008-12-31 | NT$1.83 Billion ≈ $57.56 Million |
-6.51% |
| 2007-12-31 | NT$1.95 Billion ≈ $61.57 Million |
-20.14% |
| 2006-12-31 | NT$2.45 Billion ≈ $77.10 Million |
-26.25% |
| 2005-12-31 | NT$3.32 Billion ≈ $104.55 Million |
+11.72% |
| 2004-12-31 | NT$2.97 Billion ≈ $93.58 Million |
-18.49% |
| 2003-12-31 | NT$3.64 Billion ≈ $114.81 Million |
-11.50% |
| 2002-12-31 | NT$4.12 Billion ≈ $129.73 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Rectron Ltd'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 12649600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$126.50 Million | 6.90% |
| Common Stock | NT$1.66 Billion | 90.68% |
| Other Components | NT$44.51 Million | 2.43% |
| Total Equity | NT$1.83 Billion | 100.00% |
Rectron Ltd Competitors by Market Cap
The table below lists competitors of Rectron Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyundai Cement
KO:006390
|
$235.90 Million |
|
Pruksa Holding Public Company Limited
BK:PSH
|
$236.07 Million |
|
Eurobio Scientific SA
PA:ALERS
|
$236.10 Million |
|
Tatry Mountain Resorts a.s.
PR:TMR
|
$236.11 Million |
|
Teixeira Duarte
LS:TDSA
|
$235.69 Million |
|
Lanna Resources Public Company Limited
BK:LANNA
|
$235.64 Million |
|
Warriedar Resources Ltd
AU:WA8
|
$235.61 Million |
|
Chicago Atlantic Real Estate Finance Inc
NASDAQ:REFI
|
$235.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rectron Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,775,597,000 to 1,834,036,000, a change of 58,439,000 (3.3%).
- Net income of 125,531,000 contributed positively to equity growth.
- Dividend payments of 51,554,000 reduced retained earnings.
- Other comprehensive income decreased equity by 24,918,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$125.53 Million | +6.84% |
| Dividends Paid | NT$51.55 Million | -2.81% |
| Other Comprehensive Income | NT$-24.92 Million | -1.36% |
| Other Changes | NT$9.38 Million | +0.51% |
| Total Change | NT$- | 3.29% |
Book Value vs Market Value Analysis
This analysis compares Rectron Ltd'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: 4.08x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$10.88 | NT$45.00 | x |
| 2010-12-31 | NT$10.91 | NT$45.00 | x |
| 2011-12-31 | NT$10.57 | NT$45.00 | x |
| 2012-12-31 | NT$9.34 | NT$45.00 | x |
| 2013-12-31 | NT$9.74 | NT$45.00 | x |
| 2014-12-31 | NT$10.98 | NT$45.00 | x |
| 2015-12-31 | NT$10.33 | NT$45.00 | x |
| 2016-12-31 | NT$10.09 | NT$45.00 | x |
| 2017-12-31 | NT$9.76 | NT$45.00 | x |
| 2018-12-31 | NT$9.95 | NT$45.00 | x |
| 2019-12-31 | NT$9.72 | NT$45.00 | x |
| 2020-12-31 | NT$10.45 | NT$45.00 | x |
| 2021-12-31 | NT$10.81 | NT$45.00 | x |
| 2022-12-31 | NT$11.11 | NT$45.00 | x |
| 2023-12-31 | NT$10.67 | NT$45.00 | x |
| 2024-12-31 | NT$11.02 | NT$45.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rectron Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.57%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.44x
- Recent ROE (6.84%) is above the historical average (1.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.27% | 0.49% | 0.46x | 1.23x | NT$-175.94 Million |
| 2010 | 2.22% | 3.41% | 0.53x | 1.22x | NT$-138.85 Million |
| 2011 | -4.56% | -9.99% | 0.38x | 1.21x | NT$-255.86 Million |
| 2012 | -11.59% | -30.88% | 0.29x | 1.31x | NT$-335.30 Million |
| 2013 | 1.59% | 4.12% | 0.29x | 1.32x | NT$-136.25 Million |
| 2014 | 6.75% | 19.47% | 0.28x | 1.22x | NT$-57.68 Million |
| 2015 | 0.29% | 0.98% | 0.25x | 1.20x | NT$-166.86 Million |
| 2016 | 0.83% | 2.68% | 0.24x | 1.26x | NT$-154.02 Million |
| 2017 | -2.09% | -7.56% | 0.23x | 1.22x | NT$-196.31 Million |
| 2018 | 1.67% | 5.31% | 0.26x | 1.20x | NT$-137.85 Million |
| 2019 | 0.03% | 0.09% | 0.26x | 1.21x | NT$-161.21 Million |
| 2020 | 6.07% | 13.91% | 0.35x | 1.23x | NT$-68.25 Million |
| 2021 | 4.73% | 11.39% | 0.35x | 1.19x | NT$-94.82 Million |
| 2022 | 9.52% | 20.07% | 0.41x | 1.16x | NT$-8.80 Million |
| 2023 | 4.89% | 12.12% | 0.31x | 1.31x | NT$-90.69 Million |
| 2024 | 6.84% | 16.57% | 0.29x | 1.44x | NT$-57.87 Million |
Industry Comparison
This section compares Rectron Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $4,616,682,111
- Average return on equity (ROE) among peers: 6.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rectron Ltd (2302) | NT$1.79 Billion | 0.27% | 0.43x | $235.78 Million |
| Taiwan Mask Corp (2338) | $5.04 Billion | 1.93% | 0.24x | $455.60 Million |
| SDI Corp (2351) | $2.20 Billion | 5.79% | 1.15x | $1.03 Billion |
| Lingsen Precision Industries Ltd (2369) | $6.10 Billion | 14.33% | 0.55x | $407.00 Million |
| Greatek Electronics Inc (2441) | $13.39 Billion | 16.88% | 0.16x | $2.27 Billion |
| Visual Photonics Epitaxy Co Ltd (2455) | $637.47 Million | 0.00% | 0.77x | $2.49 Billion |
| Pan Jit International Inc (2481) | $6.95 Billion | 1.01% | 1.21x | $1.75 Billion |
| Ampoc Far-East Co Ltd (2493) | $1.80 Billion | 2.61% | 0.41x | $1.40 Billion |
| Episil-Precision Inc (3016) | $1.12 Billion | 6.80% | 0.13x | $1.11 Billion |
| Zenitron Corp (3028) | $4.31 Billion | 7.44% | 1.71x | $555.35 Million |
About Rectron Ltd
Rectron Limited manufactures and sells discrete semiconductors in Taiwan, rest of Asia, the United States, Europe, and internationally. Its products include bridge rectifiers, ESD diodes, high voltage and MOSFET products, recovery rectifiers, Schottky diodes, signal-switching diodes, silicon carbide Schottky products, standard rectifiers, transistors, TVS and Zener diodes, and other products. The… Read more