Thinking Electronic Industrial Co Ltd (2428) - Net Assets
Based on the latest financial reports, Thinking Electronic Industrial Co Ltd (2428) has net assets worth NT$10.55 Billion TWD (≈ $332.24 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$15.62 Billion ≈ $492.03 Million USD) and total liabilities (NT$5.07 Billion ≈ $159.79 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 how resilient are Thinking Electronic Industrial Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$10.55 Billion |
| % of Total Assets | 67.52% |
| Annual Growth Rate | 10.39% |
| 5-Year Change | 43.88% |
| 10-Year Change | 126.08% |
| Growth Volatility | 5.6 |
Thinking Electronic Industrial Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Thinking Electronic Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Thinking Electronic Industrial Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Thinking Electronic Industrial Co Ltd (2002–2024)
The table below shows the annual net assets of Thinking Electronic Industrial Co Ltd from 2002 to 2024. For live valuation and market cap data, see market cap of Thinking Electronic Industrial Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.71 Billion ≈ $337.47 Million |
+13.37% |
| 2023-12-31 | NT$9.45 Billion ≈ $297.66 Million |
+5.64% |
| 2022-12-31 | NT$8.94 Billion ≈ $281.77 Million |
+8.06% |
| 2021-12-31 | NT$8.28 Billion ≈ $260.75 Million |
+11.17% |
| 2020-12-31 | NT$7.44 Billion ≈ $234.55 Million |
+14.27% |
| 2019-12-31 | NT$6.51 Billion ≈ $205.26 Million |
+7.51% |
| 2018-12-31 | NT$6.06 Billion ≈ $190.92 Million |
+7.15% |
| 2017-12-31 | NT$5.66 Billion ≈ $178.18 Million |
+12.30% |
| 2016-12-31 | NT$5.04 Billion ≈ $158.66 Million |
+6.29% |
| 2015-12-31 | NT$4.74 Billion ≈ $149.27 Million |
+8.54% |
| 2014-12-31 | NT$4.36 Billion ≈ $137.52 Million |
+13.37% |
| 2013-12-31 | NT$3.85 Billion ≈ $121.30 Million |
+9.03% |
| 2012-12-31 | NT$3.53 Billion ≈ $111.25 Million |
+3.99% |
| 2011-12-31 | NT$3.40 Billion ≈ $106.98 Million |
+8.96% |
| 2010-12-31 | NT$3.12 Billion ≈ $98.18 Million |
+6.69% |
| 2009-12-31 | NT$2.92 Billion ≈ $92.03 Million |
+26.60% |
| 2008-12-31 | NT$2.31 Billion ≈ $72.69 Million |
+2.57% |
| 2007-12-31 | NT$2.25 Billion ≈ $70.87 Million |
+15.13% |
| 2006-12-31 | NT$1.95 Billion ≈ $61.56 Million |
+21.31% |
| 2005-12-31 | NT$1.61 Billion ≈ $50.75 Million |
+15.70% |
| 2004-12-31 | NT$1.39 Billion ≈ $43.86 Million |
+4.73% |
| 2003-12-31 | NT$1.33 Billion ≈ $41.88 Million |
+9.32% |
| 2002-12-31 | NT$1.22 Billion ≈ $38.31 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Thinking Electronic Industrial Co 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 2115.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.98 Billion | 65.94% |
| Common Stock | NT$1.28 Billion | 12.10% |
| Other Components | NT$2.33 Billion | 21.96% |
| Total Equity | NT$10.59 Billion | 100.00% |
Thinking Electronic Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Thinking Electronic Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hippo Holdings Inc
NYSE:HIPO
|
$702.54 Million |
|
Braskem S.A.
SA:BRKM3
|
$702.80 Million |
|
W olf Photoelectric Technology Ltd
SHE:002962
|
$702.94 Million |
|
Lloyds Banking Group PLC
LSE:LLOY
|
$703.30 Million |
|
Hubei Biocause Heilen Pharmaceutical Co. Ltd.
SHE:301211
|
$702.13 Million |
|
Lg Electronics Pref
KO:066575
|
$702.10 Million |
|
Kronos Worldwide Inc
NYSE:KRO
|
$701.82 Million |
|
Tatwah Smartech Co Ltd
SHE:002512
|
$701.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thinking Electronic Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,309,776,000 to 10,589,950,000, a change of 1,280,174,000 (13.8%).
- Net income of 1,550,540,000 contributed positively to equity growth.
- Dividend payments of 666,186,000 reduced retained earnings.
- Other factors increased equity by 395,820,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.55 Billion | +14.64% |
| Dividends Paid | NT$666.19 Million | -6.29% |
| Other Changes | NT$395.82 Million | +3.74% |
| Total Change | NT$- | 13.75% |
Book Value vs Market Value Analysis
This analysis compares Thinking Electronic Industrial Co 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: 2.11x
- 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 11.12x to 2.11x 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$15.64 | NT$174.00 | x |
| 2007-12-31 | NT$17.55 | NT$174.00 | x |
| 2008-12-31 | NT$17.20 | NT$174.00 | x |
| 2009-12-31 | NT$21.54 | NT$174.00 | x |
| 2010-12-31 | NT$23.06 | NT$174.00 | x |
| 2011-12-31 | NT$24.15 | NT$174.00 | x |
| 2012-12-31 | NT$25.34 | NT$174.00 | x |
| 2013-12-31 | NT$28.74 | NT$174.00 | x |
| 2014-12-31 | NT$32.68 | NT$174.00 | x |
| 2015-12-31 | NT$35.61 | NT$174.00 | x |
| 2016-12-31 | NT$38.00 | NT$174.00 | x |
| 2017-12-31 | NT$42.86 | NT$174.00 | x |
| 2018-12-31 | NT$45.96 | NT$174.00 | x |
| 2019-12-31 | NT$49.52 | NT$174.00 | x |
| 2020-12-31 | NT$56.84 | NT$174.00 | x |
| 2021-12-31 | NT$63.36 | NT$174.00 | x |
| 2022-12-31 | NT$68.38 | NT$174.00 | x |
| 2023-12-31 | NT$72.39 | NT$174.00 | x |
| 2024-12-31 | NT$82.30 | NT$174.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thinking Electronic Industrial Co 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): 14.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.62%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.49x
- Recent ROE (14.64%) is below the historical average (15.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.68% | 12.79% | 0.55x | 1.53x | NT$8.25 Million |
| 2003 | 13.57% | 13.49% | 0.64x | 1.57x | NT$47.44 Million |
| 2004 | 16.41% | 12.09% | 0.78x | 1.75x | NT$89.30 Million |
| 2005 | 5.41% | 3.64% | 0.76x | 1.96x | NT$-63.43 Million |
| 2006 | 14.38% | 8.73% | 0.95x | 1.73x | NT$75.92 Million |
| 2007 | 17.44% | 12.52% | 0.88x | 1.59x | NT$151.86 Million |
| 2008 | 10.99% | 7.20% | 0.87x | 1.76x | NT$20.81 Million |
| 2009 | 17.13% | 14.91% | 0.80x | 1.44x | NT$196.68 Million |
| 2010 | 20.60% | 13.96% | 1.03x | 1.44x | NT$313.27 Million |
| 2011 | 12.56% | 9.36% | 0.89x | 1.50x | NT$82.19 Million |
| 2012 | 12.83% | 10.45% | 0.78x | 1.57x | NT$94.94 Million |
| 2013 | 13.75% | 11.92% | 0.82x | 1.40x | NT$138.89 Million |
| 2014 | 14.70% | 13.58% | 0.77x | 1.41x | NT$197.95 Million |
| 2015 | 15.01% | 13.45% | 0.80x | 1.40x | NT$229.58 Million |
| 2016 | 18.41% | 16.65% | 0.74x | 1.50x | NT$411.36 Million |
| 2017 | 19.66% | 18.61% | 0.76x | 1.39x | NT$532.96 Million |
| 2018 | 16.61% | 16.33% | 0.73x | 1.39x | NT$391.18 Million |
| 2019 | 17.52% | 19.19% | 0.66x | 1.37x | NT$478.85 Million |
| 2020 | 18.96% | 23.39% | 0.54x | 1.51x | NT$654.48 Million |
| 2021 | 19.33% | 21.03% | 0.59x | 1.55x | NT$761.44 Million |
| 2022 | 15.60% | 18.41% | 0.54x | 1.56x | NT$492.93 Million |
| 2023 | 14.05% | 18.48% | 0.52x | 1.47x | NT$376.83 Million |
| 2024 | 14.64% | 20.62% | 0.48x | 1.49x | NT$491.55 Million |
Industry Comparison
This section compares Thinking Electronic Industrial Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $192,873,822,500
- Average return on equity (ROE) among peers: 9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thinking Electronic Industrial Co Ltd (2428) | NT$10.55 Billion | 10.68% | 0.48x | $702.31 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 16.02% | 0.51x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $2.80 Billion | 0.00% | 2.80x | $1.78 Billion |
| Delta Electronics Inc (2308) | $55.06 Billion | 20.58% | 0.62x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $32.37 Billion | 15.88% | 1.22x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.66 Trillion | 8.54% | 1.50x | $96.56 Billion |
| Yageo Corp (2327) | $136.62 Billion | 12.79% | 1.43x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $11.99 Billion | 5.76% | 0.72x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $15.85 Billion | 3.13% | 0.42x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.97 Billion | 7.43% | 0.24x | $642.50 Million |
About Thinking Electronic Industrial Co Ltd
Thinking Electronic Industrial Co., Ltd. manufactures, processes, and sells electric devices, thermistors, varistors, and wires in Taiwan, China, Europe, and internationally. It offers negative temperature coefficient thermistors, zinc oxide varistors, ceramic positive temperature (PTC) thermistors, polymer PTC resettable fuse, temperature and pressure sensors, gas discharge tubes, ESD suppressor… Read more