Aurora Corp (2373) - Net Assets
Based on the latest financial reports, Aurora Corp (2373) has net assets worth NT$8.07 Billion TWD (≈ $254.35 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$17.07 Billion ≈ $537.72 Million USD) and total liabilities (NT$8.99 Billion ≈ $283.37 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 Aurora Corp (2373) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.07 Billion |
| % of Total Assets | 47.3% |
| Annual Growth Rate | 0.78% |
| 5-Year Change | -0.92% |
| 10-Year Change | 7.93% |
| Growth Volatility | 11.89 |
Aurora Corp - Net Assets Trend (2000–2024)
This chart illustrates how Aurora Corp's net assets have evolved over time, based on quarterly financial data. Also explore Aurora Corp assets under control for the complete picture of this company's asset base.
Annual Net Assets for Aurora Corp (2000–2024)
The table below shows the annual net assets of Aurora Corp from 2000 to 2024. For live valuation and market cap data, see 2373 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.84 Billion ≈ $278.57 Million |
+1.54% |
| 2023-12-31 | NT$8.71 Billion ≈ $274.35 Million |
-1.98% |
| 2022-12-31 | NT$8.88 Billion ≈ $279.90 Million |
-0.48% |
| 2021-12-31 | NT$8.93 Billion ≈ $281.24 Million |
+0.03% |
| 2020-12-31 | NT$8.92 Billion ≈ $281.16 Million |
+6.57% |
| 2019-12-31 | NT$8.37 Billion ≈ $263.82 Million |
-3.74% |
| 2018-12-31 | NT$8.70 Billion ≈ $274.07 Million |
+2.33% |
| 2017-12-31 | NT$8.50 Billion ≈ $267.82 Million |
+7.33% |
| 2016-12-31 | NT$7.92 Billion ≈ $249.52 Million |
-3.33% |
| 2015-12-31 | NT$8.19 Billion ≈ $258.11 Million |
+1.18% |
| 2014-12-31 | NT$8.10 Billion ≈ $255.11 Million |
+6.03% |
| 2013-12-31 | NT$7.64 Billion ≈ $240.60 Million |
+11.92% |
| 2012-12-31 | NT$6.82 Billion ≈ $214.97 Million |
-3.57% |
| 2011-12-31 | NT$7.08 Billion ≈ $222.93 Million |
+5.58% |
| 2010-12-31 | NT$6.70 Billion ≈ $211.15 Million |
+7.67% |
| 2009-12-31 | NT$6.22 Billion ≈ $196.11 Million |
+15.94% |
| 2008-12-31 | NT$5.37 Billion ≈ $169.14 Million |
+1.23% |
| 2007-12-31 | NT$5.30 Billion ≈ $167.08 Million |
+2.11% |
| 2006-12-31 | NT$5.19 Billion ≈ $163.63 Million |
+7.30% |
| 2005-12-31 | NT$4.84 Billion ≈ $152.50 Million |
+17.49% |
| 2004-12-31 | NT$4.12 Billion ≈ $129.80 Million |
-9.78% |
| 2003-12-31 | NT$4.57 Billion ≈ $143.87 Million |
+17.45% |
| 2002-12-31 | NT$3.89 Billion ≈ $122.49 Million |
-4.00% |
| 2001-12-31 | NT$4.05 Billion ≈ $127.59 Million |
-44.80% |
| 2000-12-31 | NT$7.34 Billion ≈ $231.15 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Aurora 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 241.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.08 Billion | 14.34% |
| Common Stock | NT$2.36 Billion | 31.36% |
| Other Comprehensive Income | NT$-149.98 Million | -1.99% |
| Other Components | NT$4.24 Billion | 56.29% |
| Total Equity | NT$7.53 Billion | 100.00% |
Aurora Corp Competitors by Market Cap
The table below lists competitors of Aurora Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Provincial Expressway Development Co Ltd
SHE:200429
|
$402.45 Million |
|
Citizens & Northern Corp
NASDAQ:CZNC
|
$402.62 Million |
|
Costamare Bulkers Holdings Limited
NYSE:CMDB
|
$402.68 Million |
|
Syncmold Enterprise Corp
TW:1582
|
$402.71 Million |
|
Suzhou Fushilai Pharmaceutical Co. Ltd.
SHE:301258
|
$402.43 Million |
|
Enviro Infra Engineers Ltd
NSE:EIEL
|
$402.32 Million |
|
Melcor Developments Ltd.
TO:MRD
|
$402.08 Million |
|
Shenzhen Increase Technology Co Ltd Class A
SHE:300713
|
$402.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aurora Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,385,347,000 to 7,532,082,000, a change of 146,735,000 (2.0%).
- Net income of 958,645,000 contributed positively to equity growth.
- Dividend payments of 1,028,237,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,705,690,999.
- Other factors increased equity by 3,922,017,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$958.64 Million | +12.73% |
| Dividends Paid | NT$1.03 Billion | -13.65% |
| Other Comprehensive Income | NT$-3.71 Billion | -49.2% |
| Other Changes | NT$3.92 Billion | +52.07% |
| Total Change | NT$- | 1.99% |
Book Value vs Market Value Analysis
This analysis compares Aurora 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: 1.71x
- 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 2.71x to 1.71x 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$21.07 | NT$57.10 | x |
| 2007-12-31 | NT$21.58 | NT$57.10 | x |
| 2008-12-31 | NT$22.31 | NT$57.10 | x |
| 2009-12-31 | NT$25.14 | NT$57.10 | x |
| 2010-12-31 | NT$28.77 | NT$57.10 | x |
| 2011-12-31 | NT$29.95 | NT$57.10 | x |
| 2012-12-31 | NT$29.16 | NT$57.10 | x |
| 2013-12-31 | NT$32.53 | NT$57.10 | x |
| 2014-12-31 | NT$33.28 | NT$57.10 | x |
| 2015-12-31 | NT$33.42 | NT$57.10 | x |
| 2016-12-31 | NT$22.43 | NT$57.10 | x |
| 2017-12-31 | NT$27.42 | NT$57.10 | x |
| 2018-12-31 | NT$33.72 | NT$57.10 | x |
| 2019-12-31 | NT$32.05 | NT$57.10 | x |
| 2020-12-31 | NT$33.90 | NT$57.10 | x |
| 2021-12-31 | NT$33.75 | NT$57.10 | x |
| 2022-12-31 | NT$33.39 | NT$57.10 | x |
| 2023-12-31 | NT$32.82 | NT$57.10 | x |
| 2024-12-31 | NT$33.47 | NT$57.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aurora Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.49%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.39x
- Recent ROE (12.73%) is below the historical average (15.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.98% | 1.42% | 1.27x | 2.76x | NT$-342.39 Million |
| 2002 | 18.11% | 5.03% | 1.03x | 3.50x | NT$315.25 Million |
| 2003 | 14.56% | 4.53% | 1.12x | 2.88x | NT$208.21 Million |
| 2004 | 7.55% | 2.22% | 1.20x | 2.83x | NT$-100.79 Million |
| 2005 | 12.34% | 4.25% | 1.28x | 2.27x | NT$104.75 Million |
| 2006 | 11.23% | 4.78% | 1.13x | 2.08x | NT$56.28 Million |
| 2007 | 11.62% | 4.93% | 1.14x | 2.06x | NT$75.97 Million |
| 2008 | 11.59% | 4.65% | 1.16x | 2.16x | NT$75.10 Million |
| 2009 | 11.57% | 5.60% | 1.10x | 1.88x | NT$86.23 Million |
| 2010 | 11.96% | 5.99% | 1.08x | 1.84x | NT$122.35 Million |
| 2011 | 16.26% | 8.20% | 1.05x | 1.89x | NT$409.58 Million |
| 2012 | 17.13% | 8.46% | 1.11x | 1.83x | NT$445.44 Million |
| 2013 | 17.06% | 11.10% | 0.82x | 1.87x | NT$492.36 Million |
| 2014 | 14.79% | 9.73% | 0.75x | 2.02x | NT$348.40 Million |
| 2015 | 16.20% | 8.80% | 0.92x | 2.01x | NT$452.56 Million |
| 2016 | 17.87% | 8.65% | 0.91x | 2.28x | NT$550.72 Million |
| 2017 | 24.28% | 12.60% | 0.87x | 2.21x | NT$1.07 Billion |
| 2018 | 20.08% | 10.62% | 0.83x | 2.28x | NT$764.46 Million |
| 2019 | 19.06% | 10.10% | 0.80x | 2.37x | NT$653.63 Million |
| 2020 | 18.85% | 11.11% | 0.72x | 2.37x | NT$675.44 Million |
| 2021 | 18.32% | 10.25% | 0.74x | 2.40x | NT$631.99 Million |
| 2022 | 17.43% | 10.41% | 0.69x | 2.43x | NT$558.02 Million |
| 2023 | 14.78% | 9.45% | 0.64x | 2.43x | NT$352.97 Million |
| 2024 | 12.73% | 8.49% | 0.63x | 2.39x | NT$205.44 Million |
Industry Comparison
This section compares Aurora Corp's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $1,609,505,333
- Average return on equity (ROE) among peers: 16.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aurora Corp (2373) | NT$8.07 Billion | 4.98% | 1.11x | $402.44 Million |
| Howteh Technology Co Ltd (3114) | $1.46 Billion | 14.29% | 1.00x | $52.37 Million |
| Lumax International Corp Ltd (6192) | $2.14 Billion | 22.92% | 0.84x | $349.90 Million |
| Ace Pillar Co Ltd (8374) | $1.22 Billion | 11.37% | 1.00x | $298.13 Million |
About Aurora Corp
Aurora Corporation provides office automation equipment, office furniture, communications, cloud HR, 3D printer, and office cloud and electronics in Taiwan, China, and internationally. It offers hardware services, as well as software and hardware integration solutions. The company was founded in 1965 and is based in Taipei City, Taiwan.