Syscom Computer Engineering Co (2453) - Net Assets
Based on the latest financial reports, Syscom Computer Engineering Co (2453) has net assets worth NT$2.14 Billion TWD (≈ $67.36 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$4.90 Billion ≈ $154.28 Million USD) and total liabilities (NT$2.76 Billion ≈ $86.92 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 Syscom Computer Engineering Co (2453) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.14 Billion |
| % of Total Assets | 43.66% |
| Annual Growth Rate | 1.62% |
| 5-Year Change | 15.28% |
| 10-Year Change | 25.26% |
| Growth Volatility | 2.12 |
Syscom Computer Engineering Co - Net Assets Trend (2002–2024)
This chart illustrates how Syscom Computer Engineering Co's net assets have evolved over time, based on quarterly financial data. Also explore Syscom Computer Engineering Co asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Syscom Computer Engineering Co (2002–2024)
The table below shows the annual net assets of Syscom Computer Engineering Co from 2002 to 2024. For live valuation and market cap data, see 2453 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.18 Billion ≈ $68.82 Million |
+3.16% |
| 2023-12-31 | NT$2.12 Billion ≈ $66.71 Million |
+3.04% |
| 2022-12-31 | NT$2.05 Billion ≈ $64.74 Million |
+4.05% |
| 2021-12-31 | NT$1.97 Billion ≈ $62.22 Million |
+4.23% |
| 2020-12-31 | NT$1.89 Billion ≈ $59.69 Million |
+4.40% |
| 2019-12-31 | NT$1.81 Billion ≈ $57.18 Million |
+3.33% |
| 2018-12-31 | NT$1.76 Billion ≈ $55.34 Million |
-0.24% |
| 2017-12-31 | NT$1.76 Billion ≈ $55.47 Million |
+1.22% |
| 2016-12-31 | NT$1.74 Billion ≈ $54.80 Million |
-0.26% |
| 2015-12-31 | NT$1.74 Billion ≈ $54.94 Million |
-0.82% |
| 2014-12-31 | NT$1.76 Billion ≈ $55.39 Million |
+2.53% |
| 2013-12-31 | NT$1.71 Billion ≈ $54.03 Million |
+3.51% |
| 2012-12-31 | NT$1.66 Billion ≈ $52.19 Million |
+0.07% |
| 2011-12-31 | NT$1.66 Billion ≈ $52.15 Million |
+5.19% |
| 2010-12-31 | NT$1.57 Billion ≈ $49.58 Million |
+0.42% |
| 2009-12-31 | NT$1.57 Billion ≈ $49.37 Million |
+2.21% |
| 2008-12-31 | NT$1.53 Billion ≈ $48.31 Million |
+2.04% |
| 2007-12-31 | NT$1.50 Billion ≈ $47.34 Million |
+1.45% |
| 2006-12-31 | NT$1.48 Billion ≈ $46.66 Million |
-2.62% |
| 2005-12-31 | NT$1.52 Billion ≈ $47.92 Million |
-2.20% |
| 2004-12-31 | NT$1.56 Billion ≈ $48.99 Million |
-0.35% |
| 2003-12-31 | NT$1.56 Billion ≈ $49.16 Million |
+1.70% |
| 2002-12-31 | NT$1.53 Billion ≈ $48.34 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Syscom Computer Engineering Co'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 76510100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$765.10 Million | 35.21% |
| Common Stock | NT$1.00 Billion | 46.02% |
| Other Components | NT$407.64 Million | 18.76% |
| Total Equity | NT$2.17 Billion | 100.00% |
Syscom Computer Engineering Co Competitors by Market Cap
The table below lists competitors of Syscom Computer Engineering Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TK Chemical Corporation
KQ:104480
|
$168.78 Million |
|
Groupe Partouche SA
PA:PARP
|
$168.81 Million |
|
Titan Minerals Ltd
AU:TTM
|
$168.84 Million |
|
Wam Research Ltd
AU:WAX
|
$168.88 Million |
|
Devyser Diagnostics AB
ST:DVYSR
|
$168.47 Million |
|
Hainan Meilan International Airport Company Limited
F:HAO
|
$168.46 Million |
|
Duxton Water Ltd
AU:D2O
|
$168.40 Million |
|
Range Capital Acquisition Corp. Ordinary Shares
NASDAQ:RANG
|
$168.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Syscom Computer Engineering Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,114,207,000 to 2,172,743,000, a change of 58,536,000 (2.8%).
- Net income of 306,397,000 contributed positively to equity growth.
- Dividend payments of 240,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 361,627,000.
- Other factors increased equity by 353,766,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$306.40 Million | +14.1% |
| Dividends Paid | NT$240.00 Million | -11.05% |
| Other Comprehensive Income | NT$-361.63 Million | -16.64% |
| Other Changes | NT$353.77 Million | +16.28% |
| Total Change | NT$- | 2.77% |
Book Value vs Market Value Analysis
This analysis compares Syscom Computer Engineering Co'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: 2.47x
- 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 3.46x to 2.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$15.45 | NT$53.50 | x |
| 2005-12-31 | NT$15.10 | NT$53.50 | x |
| 2006-12-31 | NT$14.67 | NT$53.50 | x |
| 2007-12-31 | NT$14.89 | NT$53.50 | x |
| 2008-12-31 | NT$15.18 | NT$53.50 | x |
| 2009-12-31 | NT$15.48 | NT$53.50 | x |
| 2010-12-31 | NT$15.53 | NT$53.50 | x |
| 2011-12-31 | NT$16.33 | NT$53.50 | x |
| 2012-12-31 | NT$16.33 | NT$53.50 | x |
| 2013-12-31 | NT$16.88 | NT$53.50 | x |
| 2014-12-31 | NT$17.30 | NT$53.50 | x |
| 2015-12-31 | NT$17.14 | NT$53.50 | x |
| 2016-12-31 | NT$17.14 | NT$53.50 | x |
| 2017-12-31 | NT$17.35 | NT$53.50 | x |
| 2018-12-31 | NT$17.28 | NT$53.50 | x |
| 2019-12-31 | NT$17.92 | NT$53.50 | x |
| 2020-12-31 | NT$18.74 | NT$53.50 | x |
| 2021-12-31 | NT$19.57 | NT$53.50 | x |
| 2022-12-31 | NT$20.41 | NT$53.50 | x |
| 2023-12-31 | NT$21.10 | NT$53.50 | x |
| 2024-12-31 | NT$21.68 | NT$53.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Syscom Computer Engineering Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.42%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 2.25x
- Recent ROE (14.10%) is above the historical average (5.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.88% | 1.17% | 1.10x | 1.46x | NT$-126.76 Million |
| 2004 | 1.65% | 1.05% | 1.08x | 1.47x | NT$-129.08 Million |
| 2005 | -1.16% | -0.74% | 1.02x | 1.54x | NT$-168.59 Million |
| 2006 | -3.85% | -2.76% | 0.90x | 1.56x | NT$-203.36 Million |
| 2007 | 1.20% | 0.70% | 1.12x | 1.53x | NT$-131.16 Million |
| 2008 | 1.53% | 0.82% | 1.11x | 1.68x | NT$-128.68 Million |
| 2009 | 2.35% | 1.15% | 1.16x | 1.76x | NT$-118.49 Million |
| 2010 | 3.78% | 1.52% | 1.51x | 1.64x | NT$-96.68 Million |
| 2011 | 3.93% | 1.52% | 1.42x | 1.81x | NT$-99.29 Million |
| 2012 | 4.46% | 1.38% | 1.64x | 1.97x | NT$-90.53 Million |
| 2013 | 5.61% | 1.95% | 1.46x | 1.98x | NT$-74.20 Million |
| 2014 | 5.61% | 2.10% | 1.33x | 2.01x | NT$-76.00 Million |
| 2015 | 3.81% | 1.68% | 1.18x | 1.93x | NT$-106.42 Million |
| 2016 | 3.87% | 1.70% | 1.20x | 1.89x | NT$-105.40 Million |
| 2017 | 5.23% | 1.90% | 1.33x | 2.08x | NT$-82.91 Million |
| 2018 | 3.63% | 1.33% | 1.42x | 1.93x | NT$-110.35 Million |
| 2019 | 7.18% | 2.18% | 1.37x | 2.40x | NT$-50.60 Million |
| 2020 | 9.03% | 2.95% | 1.34x | 2.28x | NT$-18.33 Million |
| 2021 | 10.99% | 3.68% | 1.39x | 2.16x | NT$19.41 Million |
| 2022 | 12.23% | 4.21% | 1.34x | 2.16x | NT$45.75 Million |
| 2023 | 13.16% | 4.36% | 1.32x | 2.29x | NT$66.87 Million |
| 2024 | 14.10% | 4.42% | 1.42x | 2.25x | NT$89.12 Million |
Industry Comparison
This section compares Syscom Computer Engineering Co's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $3,664,942,000
- Average return on equity (ROE) among peers: 9.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Syscom Computer Engineering Co (2453) | NT$2.14 Billion | 1.88% | 1.29x | $168.55 Million |
| Kwong Fong Industries Corp (1416) | $6.16 Billion | 0.00% | 0.85x | $66.57 Million |
| Fortune Information Systems Corp (2468) | $1.08 Billion | 2.87% | 0.50x | $73.84 Million |
| Ares International Corp (2471) | $747.21 Million | 8.23% | 0.48x | $78.31 Million |
| Jetwell Computer Co Ltd (3147) | $1.27 Billion | 22.59% | 1.36x | $236.74 Million |
| Wistron Information Technology & Services (4953) | $3.82 Billion | 11.90% | 0.48x | $268.31 Million |
| Sysage Technology Co Ltd (6112) | $4.55 Billion | 12.08% | 0.79x | $271.20 Million |
| Systex Corp (6214) | $13.51 Billion | 5.51% | 0.37x | $948.31 Million |
| Genesis Technology (6221) | $869.80 Million | 14.81% | 1.88x | $138.10 Million |
| Tatung System Technologies (8099) | $975.61 Million | 11.92% | 1.02x | $202.41 Million |
About Syscom Computer Engineering Co
Syscom Computer Engineering Co., together with its subsidiaries, provides information technology services in Taiwan, China, the United States, and Southeast Asia. The company leases and sells computer systems; designs computer software; and offers services for the integration of computer information systems, and maintenance of computer hardware and software. It also develops, manufactures, and se… Read more