Zippy Technology Corp
Zippy Technology Corp. engages in the designing, manufacturing, and trading of micro switches and power supplies in Taiwan, the United States, Mainland China, Germany, Italy and internationally. The company operates through Power Supply, Switch Division, and Others segments. It offers electronic components switches, including water proof, basic micro, rotary, push, low torque, slide, rocker, hook… Read more
Zippy Technology Corp (2420) - Net Assets
Latest net assets as of September 2025: NT$3.77 Billion TWD
Based on the latest financial reports, Zippy Technology Corp (2420) has net assets worth NT$3.77 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$5.46 Billion) and total liabilities (NT$1.69 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$3.77 Billion |
| % of Total Assets | 69.03% |
| Annual Growth Rate | 4.76% |
| 5-Year Change | 21.49% |
| 10-Year Change | 38.43% |
| Growth Volatility | 3.83 |
Zippy Technology Corp - Net Assets Trend (2002–2024)
This chart illustrates how Zippy Technology 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 Zippy Technology Corp (2002–2024)
The table below shows the annual net assets of Zippy Technology Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.95 Billion | +6.91% |
| 2023-12-31 | NT$3.69 Billion | -0.06% |
| 2022-12-31 | NT$3.70 Billion | +7.84% |
| 2021-12-31 | NT$3.43 Billion | +5.43% |
| 2020-12-31 | NT$3.25 Billion | +4.15% |
| 2019-12-31 | NT$3.12 Billion | +1.32% |
| 2018-12-31 | NT$3.08 Billion | +2.83% |
| 2017-12-31 | NT$3.00 Billion | -0.78% |
| 2016-12-31 | NT$3.02 Billion | +5.82% |
| 2015-12-31 | NT$2.85 Billion | +4.58% |
| 2014-12-31 | NT$2.73 Billion | +6.41% |
| 2013-12-31 | NT$2.56 Billion | +7.28% |
| 2012-12-31 | NT$2.39 Billion | +1.83% |
| 2011-12-31 | NT$2.35 Billion | +4.27% |
| 2010-12-31 | NT$2.25 Billion | +6.65% |
| 2009-12-31 | NT$2.11 Billion | +1.10% |
| 2008-12-31 | NT$2.09 Billion | -3.20% |
| 2007-12-31 | NT$2.16 Billion | +5.37% |
| 2006-12-31 | NT$2.05 Billion | +13.20% |
| 2005-12-31 | NT$1.81 Billion | +12.66% |
| 2004-12-31 | NT$1.61 Billion | +6.65% |
| 2003-12-31 | NT$1.51 Billion | +6.09% |
| 2002-12-31 | NT$1.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zippy Technology 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 438.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.24 Billion | 31.56% |
| Other Components | NT$2.68 Billion | 68.44% |
| Total Equity | NT$3.92 Billion | 100.00% |
Zippy Technology Corp Competitors by Market Cap
The table below lists competitors of Zippy Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JETEMA Co. Ltd
KQ:216080
|
$148.99 Million |
|
Inogen Inc
NASDAQ:INGN
|
$149.17 Million |
|
Dorsel Holdings Ltd
TA:DRSH
|
$149.18 Million |
|
IDUN INDUSTRIER AB B
F:1W6
|
$149.19 Million |
|
Fifth Era Acquisition Corp I Class A Ordinary Shares
NASDAQ:FERA
|
$148.97 Million |
|
Brazil Potash Corp.
NYSE:GRO
|
$148.89 Million |
|
Tongling Jieya Biologic Technology Co. Ltd.
SHE:301108
|
$148.80 Million |
|
Zhejiang Guanghua Technology Co. Ltd. A
SHE:001333
|
$148.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zippy Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,664,580,000 to 3,919,071,000, a change of 254,491,000 (6.9%).
- Net income of 666,019,000 contributed positively to equity growth.
- Dividend payments of 457,946,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,055,965,999.
- Other factors increased equity by 1,102,383,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$666.02 Million | +16.99% |
| Dividends Paid | NT$457.95 Million | -11.69% |
| Other Comprehensive Income | NT$-1.06 Billion | -26.94% |
| Other Changes | NT$1.10 Billion | +28.13% |
| Total Change | NT$- | 6.94% |
Book Value vs Market Value Analysis
This analysis compares Zippy Technology 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: 2.04x
- 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 3.95x to 2.04x 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$13.28 | NT$52.50 | x |
| 2007-12-31 | NT$14.00 | NT$52.50 | x |
| 2008-12-31 | NT$13.48 | NT$52.50 | x |
| 2009-12-31 | NT$13.68 | NT$52.50 | x |
| 2010-12-31 | NT$14.53 | NT$52.50 | x |
| 2011-12-31 | NT$15.12 | NT$52.50 | x |
| 2012-12-31 | NT$15.39 | NT$52.50 | x |
| 2013-12-31 | NT$16.55 | NT$52.50 | x |
| 2014-12-31 | NT$17.57 | NT$52.50 | x |
| 2015-12-31 | NT$18.34 | NT$52.50 | x |
| 2016-12-31 | NT$19.37 | NT$52.50 | x |
| 2017-12-31 | NT$19.32 | NT$52.50 | x |
| 2018-12-31 | NT$19.87 | NT$52.50 | x |
| 2019-12-31 | NT$20.15 | NT$52.50 | x |
| 2020-12-31 | NT$20.99 | NT$52.50 | x |
| 2021-12-31 | NT$22.15 | NT$52.50 | x |
| 2022-12-31 | NT$23.87 | NT$52.50 | x |
| 2023-12-31 | NT$23.92 | NT$52.50 | x |
| 2024-12-31 | NT$25.67 | NT$52.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zippy Technology 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): 16.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.78%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.45x
- Recent ROE (16.99%) is above the historical average (15.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 13.49% | 9.73% | 0.86x | 1.61x | NT$49.54 Million |
| 2003 | 12.05% | 8.06% | 0.87x | 1.71x | NT$30.85 Million |
| 2004 | 13.23% | 8.20% | 1.01x | 1.60x | NT$51.85 Million |
| 2005 | 16.44% | 10.46% | 0.94x | 1.67x | NT$115.99 Million |
| 2006 | 18.07% | 10.27% | 1.07x | 1.65x | NT$164.24 Million |
| 2007 | 15.14% | 8.76% | 1.08x | 1.60x | NT$110.12 Million |
| 2008 | 9.05% | 5.77% | 1.08x | 1.46x | NT$-19.59 Million |
| 2009 | 7.78% | 5.93% | 0.84x | 1.56x | NT$-46.35 Million |
| 2010 | 14.37% | 8.97% | 1.03x | 1.56x | NT$97.37 Million |
| 2011 | 15.65% | 10.34% | 1.02x | 1.48x | NT$131.06 Million |
| 2012 | 13.98% | 9.48% | 0.96x | 1.54x | NT$94.05 Million |
| 2013 | 19.68% | 14.30% | 0.61x | 2.27x | NT$245.26 Million |
| 2014 | 21.74% | 17.20% | 0.57x | 2.23x | NT$316.36 Million |
| 2015 | 23.06% | 19.60% | 0.56x | 2.09x | NT$367.87 Million |
| 2016 | 19.01% | 17.95% | 0.45x | 2.35x | NT$268.12 Million |
| 2017 | 15.55% | 15.73% | 0.44x | 2.27x | NT$164.47 Million |
| 2018 | 16.32% | 17.63% | 0.50x | 1.85x | NT$192.51 Million |
| 2019 | 15.75% | 18.22% | 0.45x | 1.90x | NT$177.57 Million |
| 2020 | 13.76% | 17.89% | 0.44x | 1.73x | NT$121.06 Million |
| 2021 | 17.16% | 21.88% | 0.47x | 1.68x | NT$243.14 Million |
| 2022 | 18.45% | 25.58% | 0.47x | 1.53x | NT$309.61 Million |
| 2023 | 14.78% | 25.47% | 0.40x | 1.47x | NT$175.15 Million |
| 2024 | 16.99% | 29.78% | 0.39x | 1.45x | NT$274.11 Million |
Industry Comparison
This section compares Zippy Technology Corp's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zippy Technology Corp (2420) | NT$3.77 Billion | 13.49% | 0.45x | $148.98 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |