Acer Gadget Inc
Acer Gadget Inc. designs, rents, and sells computer software, hardware application systems, computer peripheral, and smart life products in Taiwan and internationally. The company offers wearable products, such as ePay series, lovecode, and faith bracelets; and computer accessories, including mouse, keyboard, webcam, and sleeves. It also provides scooter and bag products. The company was incorpor… Read more
Acer Gadget Inc (2432) - Net Assets
Latest net assets as of June 2024: NT$1.20 Billion TWD
Based on the latest financial reports, Acer Gadget Inc (2432) has net assets worth NT$1.20 Billion TWD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.95 Billion) and total liabilities (NT$746.88 Million). 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$1.20 Billion |
| % of Total Assets | 61.7% |
| Annual Growth Rate | 42.7% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 54.05 |
Acer Gadget Inc - Net Assets Trend (2019–2023)
This chart illustrates how Acer Gadget Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Acer Gadget Inc (2019–2023)
The table below shows the annual net assets of Acer Gadget Inc from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$1.27 Billion | +21.29% |
| 2022-12-31 | NT$1.05 Billion | +144.10% |
| 2021-12-31 | NT$430.16 Million | +16.88% |
| 2020-12-31 | NT$368.04 Million | +19.84% |
| 2019-12-31 | NT$307.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Acer Gadget Inc'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 358.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$121.26 Million | 9.52% |
| Common Stock | NT$618.60 Million | 48.57% |
| Other Comprehensive Income | NT$4.78 Million | 0.38% |
| Other Components | NT$528.95 Million | 41.53% |
| Total Equity | NT$1.27 Billion | 100.00% |
Acer Gadget Inc Competitors by Market Cap
The table below lists competitors of Acer Gadget Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YCQH Agricultural Technology Co. Ltd.
PINK:YCQH
|
$17.48 Million |
|
James Maritime Holdings Inc
PINK:JMTM
|
$17.48 Million |
|
Grodno S.A.
WAR:GRN
|
$17.48 Million |
|
JMT Co.Ltd
KQ:094970
|
$17.49 Million |
|
Generic Sweden publ AB
ST:GENI
|
$17.47 Million |
|
Anthem Biosciences Ltd
NSE:ANTHEM
|
$17.47 Million |
|
Zivo Bioscience Inc
NASDAQ:ZIVO
|
$17.46 Million |
|
MR. BRICOLAGE INH. EO 32
F:4OL
|
$17.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Acer Gadget Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,050,026,000 to 1,273,596,000, a change of 223,570,000 (21.3%).
- Net income of 121,263,000 contributed positively to equity growth.
- Dividend payments of 99,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 155,822,998.
- Other factors increased equity by 45,484,002.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$121.26 Million | +9.52% |
| Dividends Paid | NT$99.00 Million | -7.77% |
| Other Comprehensive Income | NT$155.82 Million | +12.23% |
| Other Changes | NT$45.48 Million | +3.57% |
| Total Change | NT$- | 21.29% |
Book Value vs Market Value Analysis
This analysis compares Acer Gadget Inc'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: 1.37x
- 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 1.89x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$14.99 | NT$28.30 | x |
| 2020-12-31 | NT$17.96 | NT$28.30 | x |
| 2021-12-31 | NT$56.01 | NT$28.30 | x |
| 2022-12-31 | NT$23.24 | NT$28.30 | x |
| 2023-12-31 | NT$20.71 | NT$28.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Acer Gadget Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.81%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 1.46x
- Recent ROE (9.52%) is above the historical average (-2.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -23.48% | -35.76% | 0.44x | 1.49x | NT$-102.82 Million |
| 2020 | -10.80% | -3.86% | 1.38x | 2.03x | NT$-76.56 Million |
| 2021 | 1.70% | 0.50% | 1.54x | 2.19x | NT$-35.72 Million |
| 2022 | 12.70% | 8.02% | 1.09x | 1.46x | NT$28.34 Million |
| 2023 | 9.52% | 5.81% | 1.12x | 1.46x | NT$-6.10 Million |
Industry Comparison
This section compares Acer Gadget Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $34,252,543,000
- Average return on equity (ROE) among peers: 2.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Acer Gadget Inc (2432) | NT$1.20 Billion | -23.48% | 0.62x | $17.47 Million |
| Solytech Enterprise Corp (1471) | $1.03 Billion | -1.81% | 0.16x | $49.10 Million |
| Microtek International Inc (2305) | $2.33 Billion | 1.19% | 0.27x | $18.05 Million |
| Kinpo Electronics Inc (2312) | $19.76 Billion | 0.15% | 0.97x | $849.94 Million |
| CMC Magnetics Corp (2323) | $53.71 Billion | 0.56% | 0.64x | $302.78 Million |
| Compal Electronics Inc (2324) | $39.33 Billion | 0.00% | 0.57x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $21.12 Billion | 0.70% | 0.73x | $204.97 Million |
| Ritek Corp (2349) | $22.45 Billion | -14.77% | 0.59x | $261.22 Million |
| Qisda Corp (2352) | $31.03 Billion | 9.57% | 2.40x | $839.54 Million |
| Inventec Corp (2356) | $35.60 Billion | 15.84% | 1.63x | $3.28 Billion |
| Asustek Computer Inc (2357) | $116.17 Billion | 14.27% | 0.88x | $11.74 Billion |