Abocom Systems Inc
AboCom Systems, Inc. engages in the research, development, manufacture, and sale of various digital, data network communication information, audio-visual electronic products, memory products, and notebook computer peripheral equipment in Taiwan, Mainland China, Europe, and the United States. The company offers netcom manufacturing products and solutions, including powerline ethernet, Wi-Fi produc… Read more
Abocom Systems Inc (2444) - Net Assets
Latest net assets as of September 2025: NT$819.65 Million TWD
Based on the latest financial reports, Abocom Systems Inc (2444) has net assets worth NT$819.65 Million 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$1.79 Billion) and total liabilities (NT$971.03 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$819.65 Million |
| % of Total Assets | 45.77% |
| Annual Growth Rate | -2.71% |
| 5-Year Change | 10.87% |
| 10-Year Change | 5.03% |
| Growth Volatility | 14.16 |
Abocom Systems Inc - Net Assets Trend (2002–2024)
This chart illustrates how Abocom Systems 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 Abocom Systems Inc (2002–2024)
The table below shows the annual net assets of Abocom Systems Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$957.09 Million | -2.39% |
| 2023-12-31 | NT$980.48 Million | -1.30% |
| 2022-12-31 | NT$993.37 Million | +13.88% |
| 2021-12-31 | NT$872.28 Million | +1.04% |
| 2020-12-31 | NT$863.29 Million | -10.20% |
| 2019-12-31 | NT$961.40 Million | -2.79% |
| 2018-12-31 | NT$988.96 Million | -17.91% |
| 2017-12-31 | NT$1.20 Billion | +27.17% |
| 2016-12-31 | NT$947.34 Million | +3.96% |
| 2015-12-31 | NT$911.24 Million | -2.01% |
| 2014-12-31 | NT$929.90 Million | +5.51% |
| 2013-12-31 | NT$881.35 Million | -17.91% |
| 2012-12-31 | NT$1.07 Billion | -0.64% |
| 2011-12-31 | NT$1.08 Billion | +2.25% |
| 2010-12-31 | NT$1.06 Billion | -1.08% |
| 2009-12-31 | NT$1.07 Billion | -14.56% |
| 2008-12-31 | NT$1.25 Billion | -8.04% |
| 2007-12-31 | NT$1.36 Billion | +32.36% |
| 2006-12-31 | NT$1.03 Billion | -12.43% |
| 2005-12-31 | NT$1.17 Billion | +13.30% |
| 2004-12-31 | NT$1.04 Billion | -22.16% |
| 2003-12-31 | NT$1.33 Billion | -24.14% |
| 2002-12-31 | NT$1.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Abocom Systems 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 decreased by 259.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.02 Billion | 106.12% |
| Other Components | NT$118.51 Million | 12.38% |
| Total Equity | NT$957.09 Million | 100.00% |
Abocom Systems Inc Competitors by Market Cap
The table below lists competitors of Abocom Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
U-BX Technology Ltd. Ordinary Shares
NASDAQ:UBXG
|
$38.23 Million |
|
Tan Cang Logistics and Stevedoring JSC
VN:TCL
|
$38.23 Million |
|
Rego Payment Architectures Inc
OTCQB:RPMT
|
$38.24 Million |
|
Tsang Yow Industrial Co Ltd
TW:1568
|
$38.25 Million |
|
MAX Automation SE
XETRA:MXHN
|
$38.22 Million |
|
VITA 34 AG
PINK:VTIAF
|
$38.21 Million |
|
Times China Holdings Limited
OTCGREY:TMPPF
|
$38.21 Million |
|
Optical Cable Corporation
NASDAQ:OCC
|
$38.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Abocom Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 980,480,000 to 957,086,000, a change of -23,394,000 (-2.4%).
- Net loss of 24,306,000 reduced equity.
- Other comprehensive income increased equity by 17,091,000.
- Other factors decreased equity by 16,179,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-24.31 Million | -2.54% |
| Other Comprehensive Income | NT$17.09 Million | +1.79% |
| Other Changes | NT$-16.18 Million | -1.69% |
| Total Change | NT$- | -2.39% |
Book Value vs Market Value Analysis
This analysis compares Abocom Systems 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: 1.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.78x to 1.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$18.09 | NT$14.15 | x |
| 2005-12-31 | NT$18.82 | NT$14.15 | x |
| 2006-12-31 | NT$15.12 | NT$14.15 | x |
| 2007-12-31 | NT$16.75 | NT$14.15 | x |
| 2008-12-31 | NT$15.96 | NT$14.15 | x |
| 2009-12-31 | NT$13.62 | NT$14.15 | x |
| 2010-12-31 | NT$12.83 | NT$14.15 | x |
| 2011-12-31 | NT$12.56 | NT$14.15 | x |
| 2012-12-31 | NT$12.57 | NT$14.15 | x |
| 2013-12-31 | NT$10.32 | NT$14.15 | x |
| 2014-12-31 | NT$10.84 | NT$14.15 | x |
| 2015-12-31 | NT$9.49 | NT$14.15 | x |
| 2016-12-31 | NT$8.94 | NT$14.15 | x |
| 2017-12-31 | NT$13.13 | NT$14.15 | x |
| 2018-12-31 | NT$9.58 | NT$14.15 | x |
| 2019-12-31 | NT$9.47 | NT$14.15 | x |
| 2020-12-31 | NT$8.50 | NT$14.15 | x |
| 2021-12-31 | NT$8.59 | NT$14.15 | x |
| 2022-12-31 | NT$9.78 | NT$14.15 | x |
| 2023-12-31 | NT$9.65 | NT$14.15 | x |
| 2024-12-31 | NT$9.28 | NT$14.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Abocom Systems Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.74%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.06x
- Recent ROE (-2.54%) is above the historical average (-4.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.99% | 3.01% | 0.93x | 2.15x | NT$-70.33 Million |
| 2004 | -33.26% | -8.13% | 1.41x | 2.90x | NT$-447.91 Million |
| 2005 | -5.35% | -1.86% | 1.32x | 2.18x | NT$-180.01 Million |
| 2006 | -14.21% | -5.60% | 1.17x | 2.17x | NT$-248.72 Million |
| 2007 | 7.88% | 3.77% | 1.23x | 1.70x | NT$-28.89 Million |
| 2008 | -2.58% | -1.34% | 1.17x | 1.64x | NT$-157.33 Million |
| 2009 | -17.89% | -9.73% | 0.93x | 1.98x | NT$-297.93 Million |
| 2010 | -12.63% | -5.85% | 1.02x | 2.12x | NT$-239.15 Million |
| 2011 | 1.10% | 0.58% | 0.92x | 2.06x | NT$-95.53 Million |
| 2012 | 0.38% | 0.20% | 1.16x | 1.60x | NT$-103.31 Million |
| 2013 | -22.43% | -12.82% | 1.03x | 1.70x | NT$-285.78 Million |
| 2014 | 5.21% | 2.97% | 1.09x | 1.61x | NT$-44.54 Million |
| 2015 | 2.78% | 1.56% | 0.99x | 1.81x | NT$-65.80 Million |
| 2016 | 5.62% | 3.45% | 0.90x | 1.80x | NT$-41.46 Million |
| 2017 | 1.10% | 0.86% | 0.99x | 1.29x | NT$-107.26 Million |
| 2018 | -10.02% | -8.20% | 0.95x | 1.29x | NT$-198.00 Million |
| 2019 | -2.77% | -1.69% | 0.92x | 1.78x | NT$-122.76 Million |
| 2020 | -10.98% | -5.34% | 0.95x | 2.16x | NT$-181.09 Million |
| 2021 | 1.40% | 0.69% | 0.95x | 2.12x | NT$-74.99 Million |
| 2022 | 12.08% | 6.66% | 0.85x | 2.12x | NT$20.65 Million |
| 2023 | -1.62% | -0.87% | 0.88x | 2.10x | NT$-113.92 Million |
| 2024 | -2.54% | -1.74% | 0.71x | 2.06x | NT$-120.01 Million |
Industry Comparison
This section compares Abocom Systems Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,421,346,667
- Average return on equity (ROE) among peers: -5.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Abocom Systems Inc (2444) | NT$819.65 Million | 5.99% | 1.18x | $38.22 Million |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $36.51 Million |
| Tecom Co Ltd (2321) | $530.15 Million | -16.22% | 4.00x | $4.22 Million |
| D-Link Corp (2332) | $13.60 Billion | 4.76% | 0.80x | $217.00 Million |
| Accton Technology Corp (2345) | $6.43 Billion | -9.64% | 0.97x | $22.08 Billion |
| Hitron Technologies Inc (2419) | $1.72 Billion | 0.29% | 1.37x | $106.12 Million |
| Zinwell Corporation (2485) | $6.81 Billion | 0.46% | 0.24x | $175.23 Million |
| Loop Telecommunication International Inc (3025) | $665.75 Million | 0.00% | 0.74x | $77.34 Million |
| Edimax Technology Co Ltd (3047) | $2.57 Billion | 5.51% | 0.79x | $96.92 Million |
| CyberTAN Technology Inc (3062) | $5.01 Billion | 1.39% | 0.48x | $227.43 Million |