Qisda Corp (2352) - Net Assets
Based on the latest financial reports, Qisda Corp (2352) has net assets worth NT$60.44 Billion TWD (≈ $1.90 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$212.24 Billion ≈ $6.69 Billion USD) and total liabilities (NT$151.80 Billion ≈ $4.78 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 2352 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$60.44 Billion |
| % of Total Assets | 28.48% |
| Annual Growth Rate | 2.99% |
| 5-Year Change | -8.66% |
| 10-Year Change | 83.43% |
| Growth Volatility | 17.73 |
Qisda Corp - Net Assets Trend (2000–2025)
This chart illustrates how Qisda Corp's net assets have evolved over time, based on quarterly financial data. See 2352 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Qisda Corp (2000–2025)
The table below shows the annual net assets of Qisda Corp from 2000 to 2025. For live valuation and market cap data, see Qisda Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$60.43 Billion ≈ $1.90 Billion |
-8.94% |
| 2024-12-31 | NT$66.36 Billion ≈ $2.09 Billion |
+3.54% |
| 2023-12-31 | NT$64.09 Billion ≈ $2.02 Billion |
-5.66% |
| 2022-12-31 | NT$67.94 Billion ≈ $2.14 Billion |
+2.68% |
| 2021-12-31 | NT$66.16 Billion ≈ $2.08 Billion |
+12.21% |
| 2020-12-31 | NT$58.96 Billion ≈ $1.86 Billion |
+22.75% |
| 2019-12-31 | NT$48.04 Billion ≈ $1.51 Billion |
+20.51% |
| 2018-12-31 | NT$39.86 Billion ≈ $1.26 Billion |
+6.17% |
| 2017-12-31 | NT$37.54 Billion ≈ $1.18 Billion |
+13.96% |
| 2016-12-31 | NT$32.95 Billion ≈ $1.04 Billion |
+5.02% |
| 2015-12-31 | NT$31.37 Billion ≈ $988.35 Million |
+1.08% |
| 2014-12-31 | NT$31.03 Billion ≈ $977.76 Million |
+32.49% |
| 2013-12-31 | NT$23.42 Billion ≈ $738.01 Million |
+14.57% |
| 2012-12-31 | NT$20.45 Billion ≈ $644.16 Million |
-16.12% |
| 2011-12-31 | NT$24.37 Billion ≈ $767.94 Million |
-15.73% |
| 2010-12-31 | NT$28.93 Billion ≈ $911.30 Million |
-7.09% |
| 2009-12-31 | NT$31.13 Billion ≈ $980.89 Million |
+2.68% |
| 2008-12-31 | NT$30.32 Billion ≈ $955.25 Million |
+9.50% |
| 2007-12-31 | NT$27.69 Billion ≈ $872.41 Million |
+18.23% |
| 2006-12-31 | NT$23.42 Billion ≈ $737.88 Million |
-50.46% |
| 2005-12-31 | NT$47.28 Billion ≈ $1.49 Billion |
-8.39% |
| 2004-12-31 | NT$51.61 Billion ≈ $1.63 Billion |
+7.48% |
| 2003-12-31 | NT$48.02 Billion ≈ $1.51 Billion |
+11.50% |
| 2002-12-31 | NT$43.07 Billion ≈ $1.36 Billion |
+43.25% |
| 2001-12-31 | NT$30.07 Billion ≈ $947.24 Million |
+3.95% |
| 2000-12-31 | NT$28.92 Billion ≈ $911.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qisda 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 105.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$11.09 Billion | 38.88% |
| Common Stock | NT$15.81 Billion | 55.42% |
| Other Comprehensive Income | NT$1.62 Billion | 5.70% |
| Total Equity | NT$28.52 Billion | 100.00% |
Qisda Corp Competitors by Market Cap
The table below lists competitors of Qisda Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Devyani International Limited
NSE:DEVYANI
|
$1.54 Billion |
|
Minera Valparaiso S.A.
SN:MINERA
|
$1.54 Billion |
|
Chengzhi Shareholding Co Ltd
SHE:000990
|
$1.54 Billion |
|
Engineers India Limited
NSE:ENGINERSIN
|
$1.54 Billion |
|
Jiangxi Fushine Pharmaceutical Co Ltd
SHE:300497
|
$1.54 Billion |
|
Yantai Dongcheng Pharmaceutical Co Ltd
SHE:002675
|
$1.53 Billion |
|
Beijing Lier High Temperature Materials Co Ltd
SHE:002392
|
$1.53 Billion |
|
Healthcare Services Group Inc
NASDAQ:HCSG
|
$1.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qisda Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 35,562,019,000 to 28,518,939,000, a change of -7,043,080,000 (-19.8%).
- Net income of 1,142,604,000 contributed positively to equity growth.
- Dividend payments of 2,305,220,000 reduced retained earnings.
- Share repurchases of 3,469,405,000 reduced equity.
- Other comprehensive income increased equity by 5,062,026,000.
- Other factors decreased equity by 7,473,085,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.14 Billion | +4.01% |
| Dividends Paid | NT$2.31 Billion | -8.08% |
| Share Repurchases | NT$3.47 Billion | -12.17% |
| Other Comprehensive Income | NT$5.06 Billion | +17.75% |
| Other Changes | NT$-7.47 Billion | -26.2% |
| Total Change | NT$- | -19.81% |
Book Value vs Market Value Analysis
This analysis compares Qisda 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: 2.35x
- 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 2.68x to 2.35x 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$11.51 | NT$30.85 | x |
| 2007-12-31 | NT$13.98 | NT$30.85 | x |
| 2008-12-31 | NT$11.95 | NT$30.85 | x |
| 2009-12-31 | NT$11.61 | NT$30.85 | x |
| 2010-12-31 | NT$12.92 | NT$30.85 | x |
| 2011-12-31 | NT$10.96 | NT$30.85 | x |
| 2012-12-31 | NT$9.35 | NT$30.85 | x |
| 2013-12-31 | NT$10.45 | NT$30.85 | x |
| 2014-12-31 | NT$13.23 | NT$30.85 | x |
| 2015-12-31 | NT$13.65 | NT$30.85 | x |
| 2016-12-31 | NT$14.79 | NT$30.85 | x |
| 2017-12-31 | NT$15.54 | NT$30.85 | x |
| 2018-12-31 | NT$16.32 | NT$30.85 | x |
| 2019-12-31 | NT$17.10 | NT$30.85 | x |
| 2020-12-31 | NT$18.13 | NT$30.85 | x |
| 2021-12-31 | NT$20.81 | NT$30.85 | x |
| 2022-12-31 | NT$20.42 | NT$30.85 | x |
| 2023-12-31 | NT$18.76 | NT$30.85 | x |
| 2024-12-31 | NT$18.12 | NT$30.85 | x |
| 2025-12-31 | NT$13.11 | NT$30.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qisda 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): 4.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.55%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 7.19x
- Recent ROE (4.01%) is above the historical average (2.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 17.93% | 6.71% | 1.34x | 1.99x | NT$3.27 Billion |
| 2003 | 16.50% | 5.85% | 1.35x | 2.08x | NT$2.95 Billion |
| 2004 | 15.66% | 4.40% | 1.75x | 2.03x | NT$2.78 Billion |
| 2006 | -141.71% | -12.15% | 1.88x | 6.20x | NT$-29.56 Billion |
| 2007 | 19.93% | 2.85% | 1.42x | 4.94x | NT$2.38 Billion |
| 2008 | -13.92% | -1.86% | 1.31x | 5.71x | NT$-5.41 Billion |
| 2009 | -7.92% | -1.20% | 1.35x | 4.87x | NT$-4.09 Billion |
| 2010 | 14.60% | 2.73% | 1.38x | 3.89x | NT$1.18 Billion |
| 2011 | -15.84% | -2.79% | 1.31x | 4.33x | NT$-5.56 Billion |
| 2012 | -14.14% | -2.23% | 1.35x | 4.70x | NT$-4.44 Billion |
| 2013 | 3.45% | 0.59% | 1.32x | 4.41x | NT$-1.35 Billion |
| 2014 | 11.30% | 2.23% | 1.27x | 4.01x | NT$342.37 Million |
| 2015 | 7.95% | 1.63% | 1.33x | 3.68x | NT$-558.01 Million |
| 2016 | 14.71% | 3.35% | 1.36x | 3.23x | NT$1.39 Billion |
| 2017 | 17.09% | 3.87% | 1.26x | 3.52x | NT$2.20 Billion |
| 2018 | 12.44% | 2.59% | 1.30x | 3.69x | NT$790.33 Million |
| 2019 | 10.53% | 2.11% | 1.25x | 4.01x | NT$180.66 Million |
| 2020 | 13.85% | 2.60% | 1.12x | 4.74x | NT$1.39 Billion |
| 2021 | 20.04% | 3.68% | 1.21x | 4.52x | NT$4.16 Billion |
| 2022 | 27.20% | 4.62% | 1.24x | 4.75x | NT$7.01 Billion |
| 2023 | 8.03% | 1.46% | 1.08x | 5.08x | NT$-730.00 Million |
| 2024 | 6.09% | 1.07% | 0.98x | 5.80x | NT$-1.39 Billion |
| 2025 | 4.01% | 0.55% | 1.01x | 7.19x | NT$-1.71 Billion |
Industry Comparison
This section compares Qisda Corp's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $38,256,310,111
- Average return on equity (ROE) among peers: 5.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qisda Corp (2352) | NT$60.44 Billion | 17.93% | 2.51x | $1.54 Billion |
| Solytech Enterprise Corp (1471) | $2.28 Billion | -15.70% | 0.21x | $51.89 Million |
| Lite-On Technology Corp (2301) | $79.24 Billion | 11.05% | 1.68x | $15.05 Billion |
| Microtek International Inc (2305) | $1.61 Billion | 0.17% | 0.31x | $214.92 Million |
| Kinpo Electronics Inc (2312) | $13.60 Billion | 7.28% | 0.85x | $1.68 Billion |
| CMC Magnetics Corp (2323) | $27.94 Billion | -6.18% | 0.41x | $403.27 Million |
| Compal Electronics Inc (2324) | $113.16 Billion | 7.88% | 2.53x | $5.18 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $3.31 Billion | 36.86% | 2.06x | $393.37 Million |
| Ritek Corp (2349) | $10.29 Billion | -7.79% | 0.90x | $302.69 Million |
| Acer Inc (2353) | $92.88 Billion | 12.22% | 2.13x | $3.26 Billion |
About Qisda Corp
Qisda Corporation, together with its subsidiaries, manufactures, sells, and services monitors, opto-mechatronics products, and optoelectronics film in Taiwan, the Americas, Mainland China, Japan, and internationally. It operates through five segments: Design and Manufacturing Services (DMS), Brand Marketing, Materials Science, Medical Services, and Network Communication Department. The company en… Read more