Gold Circuit Electronics Ltd
Gold Circuit Electronics Ltd. designs, manufactures, processes, and distributes printed circuit boards in Taiwan. The company was founded in 1981 and is headquartered in Taoyuan City, Taiwan.
Gold Circuit Electronics Ltd (2368) - Net Assets
Latest net assets as of September 2025: NT$26.93 Billion TWD
Based on the latest financial reports, Gold Circuit Electronics Ltd (2368) has net assets worth NT$26.93 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$61.50 Billion) and total liabilities (NT$34.57 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$26.93 Billion |
| % of Total Assets | 43.79% |
| Annual Growth Rate | 4.46% |
| 5-Year Change | 130.01% |
| 10-Year Change | 195.87% |
| Growth Volatility | 15.3 |
Gold Circuit Electronics Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Gold Circuit Electronics Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gold Circuit Electronics Ltd (2000–2024)
The table below shows the annual net assets of Gold Circuit Electronics Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$21.31 Billion | +26.62% |
| 2023-12-31 | NT$16.83 Billion | +17.50% |
| 2022-12-31 | NT$14.32 Billion | +25.63% |
| 2021-12-31 | NT$11.40 Billion | +23.06% |
| 2020-12-31 | NT$9.27 Billion | +29.30% |
| 2019-12-31 | NT$7.17 Billion | +1.61% |
| 2018-12-31 | NT$7.05 Billion | +3.71% |
| 2017-12-31 | NT$6.80 Billion | -4.07% |
| 2016-12-31 | NT$7.09 Billion | -1.58% |
| 2015-12-31 | NT$7.20 Billion | -0.48% |
| 2014-12-31 | NT$7.24 Billion | +16.70% |
| 2013-12-31 | NT$6.20 Billion | -10.87% |
| 2012-12-31 | NT$6.96 Billion | -21.71% |
| 2011-12-31 | NT$8.89 Billion | -1.56% |
| 2010-12-31 | NT$9.03 Billion | -1.43% |
| 2009-12-31 | NT$9.16 Billion | -2.88% |
| 2008-12-31 | NT$9.43 Billion | +4.15% |
| 2007-12-31 | NT$9.06 Billion | +9.11% |
| 2006-12-31 | NT$8.30 Billion | +12.68% |
| 2005-12-31 | NT$7.37 Billion | +19.92% |
| 2004-12-31 | NT$6.14 Billion | +25.77% |
| 2003-12-31 | NT$4.88 Billion | -0.08% |
| 2002-12-31 | NT$4.89 Billion | -32.82% |
| 2001-12-31 | NT$7.28 Billion | -2.66% |
| 2000-12-31 | NT$7.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gold Circuit Electronics 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 1220.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$11.95 Billion | 56.09% |
| Common Stock | NT$4.92 Billion | 23.08% |
| Other Comprehensive Income | NT$643.71 Million | 3.02% |
| Other Components | NT$3.80 Billion | 17.81% |
| Total Equity | NT$21.31 Billion | 100.00% |
Gold Circuit Electronics Ltd Competitors by Market Cap
The table below lists competitors of Gold Circuit Electronics Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Norwegian Cruise Line Holdings Ltd
NYSE:NCLH
|
$8.99 Billion |
|
Focus Media Information Technology Co Ltd
SHE:002027
|
$8.99 Billion |
|
HAL TR. UNITS
F:HA4
|
$9.00 Billion |
|
West Japan Railway Company
PINK:WJRYF
|
$9.00 Billion |
|
Booz Allen Hamilton Holding
NYSE:BAH
|
$8.97 Billion |
|
Daiwa Securities Group Inc
PINK:DSECF
|
$8.97 Billion |
|
Wärtsilä Oyj Abp
PINK:WRTBF
|
$8.97 Billion |
|
New Oriental Education & Technology
NYSE:EDU
|
$8.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold Circuit Electronics Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,831,125,000 to 21,312,205,000, a change of 4,481,080,000 (26.6%).
- Net income of 5,615,607,000 contributed positively to equity growth.
- Dividend payments of 1,703,406,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,904,108,000.
- Other factors increased equity by 2,472,987,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.62 Billion | +26.35% |
| Dividends Paid | NT$1.70 Billion | -7.99% |
| Other Comprehensive Income | NT$-1.90 Billion | -8.93% |
| Other Changes | NT$2.47 Billion | +11.6% |
| Total Change | NT$- | 26.62% |
Book Value vs Market Value Analysis
This analysis compares Gold Circuit Electronics 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: 22.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 56.83x to 22.23x 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$16.45 | NT$935.00 | x |
| 2007-12-31 | NT$17.86 | NT$935.00 | x |
| 2008-12-31 | NT$18.53 | NT$935.00 | x |
| 2009-12-31 | NT$18.24 | NT$935.00 | x |
| 2010-12-31 | NT$17.94 | NT$935.00 | x |
| 2011-12-31 | NT$17.66 | NT$935.00 | x |
| 2012-12-31 | NT$13.83 | NT$935.00 | x |
| 2013-12-31 | NT$12.41 | NT$935.00 | x |
| 2014-12-31 | NT$14.44 | NT$935.00 | x |
| 2015-12-31 | NT$14.39 | NT$935.00 | x |
| 2016-12-31 | NT$14.47 | NT$935.00 | x |
| 2017-12-31 | NT$14.02 | NT$935.00 | x |
| 2018-12-31 | NT$14.50 | NT$935.00 | x |
| 2019-12-31 | NT$14.72 | NT$935.00 | x |
| 2020-12-31 | NT$18.92 | NT$935.00 | x |
| 2021-12-31 | NT$23.28 | NT$935.00 | x |
| 2022-12-31 | NT$27.54 | NT$935.00 | x |
| 2023-12-31 | NT$34.35 | NT$935.00 | x |
| 2024-12-31 | NT$42.06 | NT$935.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold Circuit Electronics Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.42%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 2.09x
- Recent ROE (26.35%) is above the historical average (7.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 9.45% | 8.61% | 0.68x | 1.60x | NT$-41.42 Million |
| 2004 | 10.45% | 5.82% | 0.74x | 2.41x | NT$27.43 Million |
| 2005 | 14.53% | 9.21% | 0.70x | 2.25x | NT$333.39 Million |
| 2006 | 15.22% | 8.37% | 0.74x | 2.47x | NT$433.28 Million |
| 2007 | 14.87% | 6.94% | 0.76x | 2.81x | NT$441.44 Million |
| 2008 | 3.46% | 1.77% | 0.84x | 2.33x | NT$-617.33 Million |
| 2009 | -1.72% | -1.10% | 0.71x | 2.20x | NT$-1.07 Billion |
| 2010 | 1.40% | 0.82% | 0.74x | 2.32x | NT$-776.75 Million |
| 2011 | -4.74% | -2.49% | 0.71x | 2.69x | NT$-1.31 Billion |
| 2012 | -25.46% | -11.77% | 0.69x | 3.14x | NT$-2.47 Billion |
| 2013 | -14.09% | -4.93% | 0.80x | 3.60x | NT$-1.49 Billion |
| 2014 | 8.68% | 3.13% | 0.83x | 3.35x | NT$-95.21 Million |
| 2015 | 1.41% | 0.53% | 0.86x | 3.08x | NT$-618.67 Million |
| 2016 | 2.03% | 0.75% | 0.88x | 3.07x | NT$-565.13 Million |
| 2017 | -3.96% | -1.40% | 0.90x | 3.13x | NT$-949.14 Million |
| 2018 | 3.25% | 1.11% | 0.97x | 3.01x | NT$-476.38 Million |
| 2019 | 1.81% | 0.68% | 0.91x | 2.92x | NT$-586.87 Million |
| 2020 | 22.30% | 8.83% | 1.08x | 2.34x | NT$1.14 Billion |
| 2021 | 25.67% | 11.00% | 1.07x | 2.19x | NT$1.79 Billion |
| 2022 | 31.89% | 13.93% | 1.09x | 2.10x | NT$3.14 Billion |
| 2023 | 20.96% | 11.74% | 0.91x | 1.97x | NT$1.85 Billion |
| 2024 | 26.35% | 14.42% | 0.87x | 2.09x | NT$3.48 Billion |
Industry Comparison
This section compares Gold Circuit Electronics Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $179,166,753,100
- Average return on equity (ROE) among peers: 8.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gold Circuit Electronics Ltd (2368) | NT$26.93 Billion | 9.45% | 1.28x | $8.99 Billion |
| Syncmold Enterprise Corp (1582) | $692.08 Million | 47.67% | 1.23x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $7.52 Billion | 6.47% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $242.74 Billion | 13.76% | 0.89x | $76.17 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.18 Billion | -5.23% | 1.12x | $6.31 Billion |
| WUS Printed Circuit Co Ltd (2316) | $5.64 Billion | 6.76% | 0.86x | $402.95 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.48 Trillion | 6.88% | 1.48x | $78.09 Billion |
| Pan-International Industrial Corp (2328) | $11.44 Billion | 3.51% | 0.70x | $546.41 Million |
| Chin-Poon Industrial Co Ltd (2355) | $15.85 Billion | 3.13% | 0.42x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.35 Billion | 0.15% | 0.41x | $405.66 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.51 Billion | 2.62% | 0.90x | $1.34 Billion |