Pan-International Industrial Corp
Pan-International Industrial Corp., together with its subsidiaries, provides electronic manufacturing services to technology companies in China, Hong Kong, Malaysia, the United States, Singapore, and Taiwan. It operates through Electronic Components and Consumer Electronics and Computer Peripherals segments. The company develops, manufactures, and sales of bulk wire and cables, electronic signal … Read more
Pan-International Industrial Corp (2328) - Net Assets
Latest net assets as of September 2025: NT$16.11 Billion TWD
Based on the latest financial reports, Pan-International Industrial Corp (2328) has net assets worth NT$16.11 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$22.92 Billion) and total liabilities (NT$6.81 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 | NT$16.11 Billion |
| % of Total Assets | 70.3% |
| Annual Growth Rate | 4.87% |
| 5-Year Change | 28.91% |
| 10-Year Change | 45.68% |
| Growth Volatility | 19.94 |
Pan-International Industrial Corp - Net Assets Trend (2000–2024)
This chart illustrates how Pan-International Industrial Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pan-International Industrial Corp (2000–2024)
The table below shows the annual net assets of Pan-International Industrial Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$16.49 Billion | +7.41% |
| 2023-12-31 | NT$15.35 Billion | +3.92% |
| 2022-12-31 | NT$14.77 Billion | +4.79% |
| 2021-12-31 | NT$14.09 Billion | +10.21% |
| 2020-12-31 | NT$12.79 Billion | +1.67% |
| 2019-12-31 | NT$12.58 Billion | +0.52% |
| 2018-12-31 | NT$12.51 Billion | +4.36% |
| 2017-12-31 | NT$11.99 Billion | +3.27% |
| 2016-12-31 | NT$11.61 Billion | +2.60% |
| 2015-12-31 | NT$11.32 Billion | -5.31% |
| 2014-12-31 | NT$11.95 Billion | +5.02% |
| 2013-12-31 | NT$11.38 Billion | -0.54% |
| 2012-12-31 | NT$11.44 Billion | +6.37% |
| 2011-12-31 | NT$10.76 Billion | -21.05% |
| 2010-12-31 | NT$13.62 Billion | -5.51% |
| 2009-12-31 | NT$14.42 Billion | +27.34% |
| 2008-12-31 | NT$11.32 Billion | -38.73% |
| 2007-12-31 | NT$18.48 Billion | +49.33% |
| 2006-12-31 | NT$12.38 Billion | +65.45% |
| 2005-12-31 | NT$7.48 Billion | +25.52% |
| 2004-12-31 | NT$5.96 Billion | +8.50% |
| 2003-12-31 | NT$5.49 Billion | +6.31% |
| 2002-12-31 | NT$5.17 Billion | -7.08% |
| 2001-12-31 | NT$5.56 Billion | +5.53% |
| 2000-12-31 | NT$5.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pan-International Industrial Corp'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 566429300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.66 Billion | 39.67% |
| Other Components | NT$8.61 Billion | 60.33% |
| Total Equity | NT$14.28 Billion | 100.00% |
Pan-International Industrial Corp Competitors by Market Cap
The table below lists competitors of Pan-International Industrial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ziraat Gayrimenkul Yatirim Ortakligi AS
IS:ZRGYO
|
$547.02 Million |
|
AF Gruppen ASA
OTCGREY:AGRUF
|
$547.02 Million |
|
Dogan Sirketler Grubu Holding AS
IS:DOHOL
|
$547.17 Million |
|
Chengdu Zhimingda Electronics Co. Ltd. A
SHG:688636
|
$547.23 Million |
|
Argan S.A.
LSE:0GN6
|
$546.98 Million |
|
Datatec Limited
PINK:DTTLY
|
$546.87 Million |
|
JM Financial Limited
NSE:JMFINANCIL
|
$546.82 Million |
|
Jiangsu Ruitai New Energy Materials Co. Ltd.
SHE:301238
|
$546.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pan-International Industrial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,406,397,000 to 14,279,049,000, a change of 872,652,000 (6.5%).
- Net income of 1,036,672,000 contributed positively to equity growth.
- Dividend payments of 673,850,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,476,782,000.
- Other factors increased equity by 1,986,612,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.04 Billion | +7.26% |
| Dividends Paid | NT$673.85 Million | -4.72% |
| Other Comprehensive Income | NT$-1.48 Billion | -10.34% |
| Other Changes | NT$1.99 Billion | +13.91% |
| Total Change | NT$- | 6.51% |
Book Value vs Market Value Analysis
This analysis compares Pan-International Industrial Corp'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: 1.68x
- 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 1.99x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$23.14 | NT$46.15 | x |
| 2007-12-31 | NT$34.24 | NT$46.15 | x |
| 2008-12-31 | NT$20.09 | NT$46.15 | x |
| 2009-12-31 | NT$25.80 | NT$46.15 | x |
| 2010-12-31 | NT$24.06 | NT$46.15 | x |
| 2011-12-31 | NT$18.28 | NT$46.15 | x |
| 2012-12-31 | NT$19.40 | NT$46.15 | x |
| 2013-12-31 | NT$19.20 | NT$46.15 | x |
| 2014-12-31 | NT$20.21 | NT$46.15 | x |
| 2015-12-31 | NT$19.06 | NT$46.15 | x |
| 2016-12-31 | NT$19.99 | NT$46.15 | x |
| 2017-12-31 | NT$20.18 | NT$46.15 | x |
| 2018-12-31 | NT$20.93 | NT$46.15 | x |
| 2019-12-31 | NT$21.01 | NT$46.15 | x |
| 2020-12-31 | NT$21.44 | NT$46.15 | x |
| 2021-12-31 | NT$23.86 | NT$46.15 | x |
| 2022-12-31 | NT$24.76 | NT$46.15 | x |
| 2023-12-31 | NT$25.74 | NT$46.15 | x |
| 2024-12-31 | NT$27.55 | NT$46.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pan-International Industrial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.26%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.75%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.73x
- Recent ROE (7.26%) is above the historical average (6.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 3.26% | 1.69% | 1.36x | 1.42x | NT$-321.70 Million |
| 2001 | 2.80% | 2.53% | 0.88x | 1.27x | NT$-361.69 Million |
| 2002 | 3.40% | 3.98% | 0.67x | 1.28x | NT$-340.75 Million |
| 2003 | 6.90% | 5.55% | 0.84x | 1.48x | NT$-170.45 Million |
| 2004 | 12.08% | 7.62% | 1.00x | 1.58x | NT$123.98 Million |
| 2005 | 11.41% | 6.52% | 1.02x | 1.71x | NT$96.60 Million |
| 2006 | 5.86% | 5.93% | 0.73x | 1.36x | NT$-482.09 Million |
| 2007 | 6.10% | 7.06% | 0.60x | 1.44x | NT$-684.11 Million |
| 2008 | 6.58% | 3.77% | 0.93x | 1.87x | NT$-354.33 Million |
| 2009 | 4.78% | 4.47% | 0.70x | 1.52x | NT$-694.48 Million |
| 2010 | 2.66% | 2.12% | 0.83x | 1.52x | NT$-912.27 Million |
| 2011 | -2.56% | -1.55% | 0.96x | 1.71x | NT$-1.19 Billion |
| 2012 | 4.00% | 2.29% | 0.90x | 1.93x | NT$-603.36 Million |
| 2013 | 3.26% | 2.11% | 0.80x | 1.94x | NT$-672.83 Million |
| 2014 | 2.00% | 1.22% | 0.89x | 1.84x | NT$-839.45 Million |
| 2015 | 2.89% | 1.50% | 1.01x | 1.91x | NT$-698.62 Million |
| 2016 | 10.72% | 5.97% | 0.98x | 1.83x | NT$73.64 Million |
| 2017 | 6.57% | 2.63% | 1.27x | 1.96x | NT$-359.96 Million |
| 2018 | 10.84% | 4.36% | 1.18x | 2.11x | NT$92.14 Million |
| 2019 | 9.39% | 4.02% | 1.18x | 1.98x | NT$-66.56 Million |
| 2020 | 5.94% | 3.23% | 0.99x | 1.85x | NT$-453.39 Million |
| 2021 | 7.79% | 3.99% | 1.00x | 1.96x | NT$-273.90 Million |
| 2022 | 10.25% | 5.04% | 1.03x | 1.97x | NT$32.38 Million |
| 2023 | 9.37% | 4.90% | 1.05x | 1.82x | NT$-83.93 Million |
| 2024 | 7.26% | 4.75% | 0.89x | 1.73x | NT$-391.23 Million |
Industry Comparison
This section compares Pan-International Industrial Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $28,846,133,111
- Average return on equity (ROE) among peers: 9.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pan-International Industrial Corp (2328) | NT$16.11 Billion | 3.26% | 0.42x | $547.00 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |