KYE Systems Corp (2365) - Net Assets
Based on the latest financial reports, KYE Systems Corp (2365) has net assets worth NT$3.09 Billion TWD (≈ $97.45 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.54 Billion ≈ $111.53 Million USD) and total liabilities (NT$446.99 Million ≈ $14.08 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 2365 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.09 Billion |
| % of Total Assets | 87.37% |
| Annual Growth Rate | 0.36% |
| 5-Year Change | 4.96% |
| 10-Year Change | -15.69% |
| Growth Volatility | 8.72 |
KYE Systems Corp - Net Assets Trend (2000–2025)
This chart illustrates how KYE Systems Corp's net assets have evolved over time, based on quarterly financial data. See KYE Systems Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for KYE Systems Corp (2000–2025)
The table below shows the annual net assets of KYE Systems Corp from 2000 to 2025. For live valuation and market cap data, see market cap of KYE Systems Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.09 Billion ≈ $97.45 Million |
-1.22% |
| 2024-12-31 | NT$3.13 Billion ≈ $98.65 Million |
+3.82% |
| 2023-12-31 | NT$3.02 Billion ≈ $95.02 Million |
+1.48% |
| 2022-12-31 | NT$2.97 Billion ≈ $93.64 Million |
+0.86% |
| 2021-12-31 | NT$2.95 Billion ≈ $92.84 Million |
-1.85% |
| 2020-12-31 | NT$3.00 Billion ≈ $94.58 Million |
-8.04% |
| 2019-12-31 | NT$3.26 Billion ≈ $102.86 Million |
+3.03% |
| 2018-12-31 | NT$3.17 Billion ≈ $99.83 Million |
-8.43% |
| 2017-12-31 | NT$3.46 Billion ≈ $109.02 Million |
-5.67% |
| 2016-12-31 | NT$3.67 Billion ≈ $115.58 Million |
-14.47% |
| 2015-12-31 | NT$4.29 Billion ≈ $135.14 Million |
-4.14% |
| 2014-12-31 | NT$4.47 Billion ≈ $140.98 Million |
+0.80% |
| 2013-12-31 | NT$4.44 Billion ≈ $139.85 Million |
+2.66% |
| 2012-12-31 | NT$4.32 Billion ≈ $136.23 Million |
-1.20% |
| 2011-12-31 | NT$4.38 Billion ≈ $137.88 Million |
+5.95% |
| 2010-12-31 | NT$4.13 Billion ≈ $130.13 Million |
-13.55% |
| 2009-12-31 | NT$4.78 Billion ≈ $150.52 Million |
+15.98% |
| 2008-12-31 | NT$4.12 Billion ≈ $129.79 Million |
-12.60% |
| 2007-12-31 | NT$4.71 Billion ≈ $148.50 Million |
+2.61% |
| 2006-12-31 | NT$4.59 Billion ≈ $144.73 Million |
+4.68% |
| 2005-12-31 | NT$4.39 Billion ≈ $138.26 Million |
+8.60% |
| 2004-12-31 | NT$4.04 Billion ≈ $127.31 Million |
-2.50% |
| 2003-12-31 | NT$4.14 Billion ≈ $130.57 Million |
+6.03% |
| 2002-12-31 | NT$3.91 Billion ≈ $123.15 Million |
+11.87% |
| 2001-12-31 | NT$3.49 Billion ≈ $110.08 Million |
+23.66% |
| 2000-12-31 | NT$2.83 Billion ≈ $89.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to KYE Systems 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 decreased by 10.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$185.69 Million | 6.09% |
| Common Stock | NT$2.22 Billion | 72.63% |
| Other Comprehensive Income | NT$451.61 Million | 14.81% |
| Other Components | NT$197.34 Million | 6.47% |
| Total Equity | NT$3.05 Billion | 100.00% |
KYE Systems Corp Competitors by Market Cap
The table below lists competitors of KYE Systems Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Awfis Space Solutions Ltd
NSE:AWFIS
|
$234.89 Million |
|
Polyram Plastic Industries Ltd
TA:POLP
|
$234.96 Million |
|
Groupe Pizzorno Environnement SA
PA:GPE
|
$234.96 Million |
|
Apollo Pipes Limited
NSE:APOLLOPIPE
|
$234.98 Million |
|
Cricut Inc
NASDAQ:CRCT
|
$234.86 Million |
|
Virginia National Bankshares Corp
NASDAQ:VABK
|
$234.82 Million |
|
SiS Distribution (Thailand) Public Company Limited
BK:SIS
|
$234.68 Million |
|
Alvopetro Energy
V:ALV
|
$234.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KYE Systems Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,097,272,000 to 3,049,919,000, a change of -47,353,000 (-1.5%).
- Net income of 70,983,000 contributed positively to equity growth.
- Dividend payments of 133,158,999 reduced retained earnings.
- Other comprehensive income decreased equity by 71,546,000.
- Other factors increased equity by 86,368,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$70.98 Million | +2.33% |
| Dividends Paid | NT$133.16 Million | -4.37% |
| Other Comprehensive Income | NT$-71.55 Million | -2.35% |
| Other Changes | NT$86.37 Million | +2.83% |
| Total Change | NT$- | -1.53% |
Book Value vs Market Value Analysis
This analysis compares KYE Systems 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: 2.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 2.22x to 2.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$15.14 | NT$33.65 | x |
| 2010-12-31 | NT$12.37 | NT$33.65 | x |
| 2011-12-31 | NT$13.73 | NT$33.65 | x |
| 2012-12-31 | NT$12.96 | NT$33.65 | x |
| 2013-12-31 | NT$14.38 | NT$33.65 | x |
| 2014-12-31 | NT$14.70 | NT$33.65 | x |
| 2015-12-31 | NT$13.60 | NT$33.65 | x |
| 2016-12-31 | NT$13.16 | NT$33.65 | x |
| 2017-12-31 | NT$13.55 | NT$33.65 | x |
| 2018-12-31 | NT$13.24 | NT$33.65 | x |
| 2019-12-31 | NT$13.72 | NT$33.65 | x |
| 2020-12-31 | NT$12.97 | NT$33.65 | x |
| 2021-12-31 | NT$13.06 | NT$33.65 | x |
| 2022-12-31 | NT$13.26 | NT$33.65 | x |
| 2023-12-31 | NT$13.46 | NT$33.65 | x |
| 2024-12-31 | NT$13.98 | NT$33.65 | x |
| 2025-12-31 | NT$13.89 | NT$33.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KYE Systems 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): 2.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.40%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.16x
- Recent ROE (2.33%) is below the historical average (7.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.52% | 6.66% | 1.25x | 1.51x | NT$71.26 Million |
| 2001 | 10.78% | 6.89% | 1.10x | 1.42x | NT$27.31 Million |
| 2002 | 12.84% | 6.55% | 1.35x | 1.45x | NT$110.99 Million |
| 2003 | 17.48% | 7.20% | 1.63x | 1.49x | NT$309.96 Million |
| 2004 | 15.16% | 5.56% | 1.70x | 1.61x | NT$208.55 Million |
| 2005 | 15.91% | 5.91% | 1.53x | 1.76x | NT$258.95 Million |
| 2006 | 18.26% | 6.44% | 1.63x | 1.74x | NT$378.92 Million |
| 2007 | 25.72% | 8.97% | 1.79x | 1.61x | NT$740.09 Million |
| 2008 | 20.63% | 6.75% | 2.01x | 1.52x | NT$437.23 Million |
| 2009 | 14.37% | 6.73% | 1.39x | 1.54x | NT$208.50 Million |
| 2010 | 10.40% | 3.89% | 1.42x | 1.88x | NT$16.35 Million |
| 2011 | 2.68% | 1.36% | 1.13x | 1.73x | NT$-316.62 Million |
| 2012 | 1.67% | 0.86% | 1.21x | 1.61x | NT$-353.85 Million |
| 2013 | 0.09% | 0.04% | 1.22x | 1.64x | NT$-430.51 Million |
| 2014 | 2.86% | 1.65% | 1.03x | 1.69x | NT$-312.70 Million |
| 2015 | 2.23% | 1.62% | 0.95x | 1.46x | NT$-326.39 Million |
| 2016 | -8.32% | -8.21% | 0.65x | 1.55x | NT$-659.70 Million |
| 2017 | 1.42% | 2.08% | 0.45x | 1.51x | NT$-293.27 Million |
| 2018 | 3.03% | 4.71% | 0.43x | 1.49x | NT$-218.53 Million |
| 2019 | 4.69% | 9.44% | 0.42x | 1.19x | NT$-171.49 Million |
| 2020 | 4.93% | 8.85% | 0.45x | 1.25x | NT$-150.67 Million |
| 2021 | 1.73% | 3.70% | 0.38x | 1.23x | NT$-240.97 Million |
| 2022 | 1.85% | 5.33% | 0.29x | 1.19x | NT$-239.62 Million |
| 2023 | 2.42% | 9.38% | 0.22x | 1.19x | NT$-226.28 Million |
| 2024 | 4.61% | 14.57% | 0.27x | 1.17x | NT$-167.08 Million |
| 2025 | 2.33% | 7.40% | 0.27x | 1.16x | NT$-234.01 Million |
Industry Comparison
This section compares KYE Systems Corp's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $32,602,043,000
- Average return on equity (ROE) among peers: 4.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KYE Systems Corp (2365) | NT$3.09 Billion | 12.52% | 0.14x | $234.86 Million |
| Solytech Enterprise Corp (1471) | $2.65 Billion | 1.18% | 0.39x | $54.97 Million |
| Lite-On Technology Corp (2301) | $74.14 Billion | 13.51% | 1.37x | $15.02 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $195.44 Million |
| Kinpo Electronics Inc (2312) | $17.40 Billion | 0.68% | 1.29x | $1.65 Billion |
| CMC Magnetics Corp (2323) | $16.86 Billion | -6.42% | 0.39x | $386.11 Million |
| Compal Electronics Inc (2324) | $31.11 Billion | 0.00% | 0.62x | $5.12 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $9.21 Billion | 26.14% | 1.49x | $390.74 Million |
| Ritek Corp (2349) | $33.11 Billion | -3.94% | 0.65x | $298.32 Million |
| Qisda Corp (2352) | $58.96 Billion | 8.46% | 1.90x | $1.53 Billion |
| Acer Inc (2353) | $80.34 Billion | 6.14% | 1.60x | $3.31 Billion |
About KYE Systems Corp
KYE Systems Corp. engages in the manufacturing, processing, and sale of computer peripheral products for business, lifestyle, mobility, and gaming peripherals in Taiwan and internationally. The company offers mice, keyboards, speakers, headsets, webcams, microphones, graphic tablets, video imaging products, such as network and security cameras, and consumer electronics including headphones, speak… Read more