Ares International Corp (2471) - Net Assets
Based on the latest financial reports, Ares International Corp (2471) has net assets worth NT$948.16 Million TWD (≈ $29.87 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.54 Billion ≈ $48.61 Million USD) and total liabilities (NT$594.70 Million ≈ $18.74 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 tangible equity quality of Ares International Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$948.16 Million |
| % of Total Assets | 61.45% |
| Annual Growth Rate | 0.38% |
| 5-Year Change | 15.79% |
| 10-Year Change | 31.96% |
| Growth Volatility | 5.16 |
Ares International Corp - Net Assets Trend (2002–2025)
This chart illustrates how Ares International Corp's net assets have evolved over time, based on quarterly financial data. See Ares International Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ares International Corp (2002–2025)
The table below shows the annual net assets of Ares International Corp from 2002 to 2025. For live valuation and market cap data, see 2471 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$948.16 Million ≈ $29.87 Million |
+2.69% |
| 2024-12-31 | NT$923.36 Million ≈ $29.09 Million |
+1.03% |
| 2023-12-31 | NT$913.98 Million ≈ $28.80 Million |
+4.20% |
| 2022-12-31 | NT$877.14 Million ≈ $27.63 Million |
+7.12% |
| 2021-12-31 | NT$818.88 Million ≈ $25.80 Million |
+6.10% |
| 2020-12-31 | NT$771.77 Million ≈ $24.31 Million |
+3.46% |
| 2019-12-31 | NT$745.99 Million ≈ $23.50 Million |
+2.52% |
| 2018-12-31 | NT$727.63 Million ≈ $22.92 Million |
+1.71% |
| 2017-12-31 | NT$715.40 Million ≈ $22.54 Million |
-0.44% |
| 2016-12-31 | NT$718.54 Million ≈ $22.64 Million |
+3.61% |
| 2015-12-31 | NT$693.53 Million ≈ $21.85 Million |
-7.18% |
| 2014-12-31 | NT$747.21 Million ≈ $23.54 Million |
+2.45% |
| 2013-12-31 | NT$729.35 Million ≈ $22.98 Million |
-6.59% |
| 2012-12-31 | NT$780.84 Million ≈ $24.60 Million |
+3.95% |
| 2011-12-31 | NT$751.14 Million ≈ $23.67 Million |
+6.63% |
| 2010-12-31 | NT$704.47 Million ≈ $22.19 Million |
+8.97% |
| 2009-12-31 | NT$646.48 Million ≈ $20.37 Million |
-3.70% |
| 2008-12-31 | NT$671.35 Million ≈ $21.15 Million |
-9.63% |
| 2007-12-31 | NT$742.90 Million ≈ $23.41 Million |
-9.12% |
| 2006-12-31 | NT$817.49 Million ≈ $25.76 Million |
-2.75% |
| 2004-12-31 | NT$840.60 Million ≈ $26.48 Million |
-1.15% |
| 2003-12-31 | NT$850.41 Million ≈ $26.79 Million |
-2.24% |
| 2002-12-31 | NT$869.93 Million ≈ $27.41 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Ares International 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 20059300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$200.59 Million | 21.24% |
| Common Stock | NT$472.54 Million | 50.03% |
| Other Comprehensive Income | NT$129.27 Million | 13.69% |
| Other Components | NT$142.05 Million | 15.04% |
| Total Equity | NT$944.45 Million | 100.00% |
Ares International Corp Competitors by Market Cap
The table below lists competitors of Ares International Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scully Royalty Ltd
F:MB01
|
$80.70 Million |
|
PRL Global Ltd
AU:PRG
|
$80.71 Million |
|
Dimerix Ltd
AU:DXB
|
$80.72 Million |
|
Alcadon Group AB
ST:ALCA
|
$80.72 Million |
|
Ratchaphruek Hospital Public Company Limited
BK:RPH
|
$80.68 Million |
|
Cardiff Oncology Inc
NASDAQ:CRDF
|
$80.67 Million |
|
DPSC Limited
NSE:DPSCLTD
|
$80.67 Million |
|
Gray Television Inc
NYSE:GTN-A
|
$80.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ares International Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 919,528,000 to 944,450,000, a change of 24,922,000 (2.7%).
- Net income of 171,738,000 contributed positively to equity growth.
- Dividend payments of 144,561,000 reduced retained earnings.
- Other comprehensive income increased equity by 18,011,000.
- Other factors decreased equity by 20,266,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$171.74 Million | +18.18% |
| Dividends Paid | NT$144.56 Million | -15.31% |
| Other Comprehensive Income | NT$18.01 Million | +1.91% |
| Other Changes | NT$-20.27 Million | -2.15% |
| Total Change | NT$- | 2.71% |
Book Value vs Market Value Analysis
This analysis compares Ares International 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: 2.72x
- 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 3.88x to 2.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$13.98 | NT$54.20 | x |
| 2010-12-31 | NT$15.23 | NT$54.20 | x |
| 2011-12-31 | NT$16.04 | NT$54.20 | x |
| 2012-12-31 | NT$16.40 | NT$54.20 | x |
| 2013-12-31 | NT$15.25 | NT$54.20 | x |
| 2014-12-31 | NT$15.63 | NT$54.20 | x |
| 2015-12-31 | NT$14.60 | NT$54.20 | x |
| 2016-12-31 | NT$15.50 | NT$54.20 | x |
| 2017-12-31 | NT$15.15 | NT$54.20 | x |
| 2018-12-31 | NT$15.17 | NT$54.20 | x |
| 2019-12-31 | NT$15.52 | NT$54.20 | x |
| 2020-12-31 | NT$16.10 | NT$54.20 | x |
| 2021-12-31 | NT$17.05 | NT$54.20 | x |
| 2022-12-31 | NT$18.22 | NT$54.20 | x |
| 2023-12-31 | NT$19.11 | NT$54.20 | x |
| 2024-12-31 | NT$19.24 | NT$54.20 | x |
| 2025-12-31 | NT$19.96 | NT$54.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ares International Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.17%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.63x
- Recent ROE (18.18%) is above the historical average (9.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 1.02% | 1.36% | 0.60x | 1.25x | NT$-75.49 Million |
| 2006 | 4.57% | 6.05% | 0.58x | 1.31x | NT$-44.07 Million |
| 2009 | -3.70% | -4.01% | 0.66x | 1.40x | NT$-88.57 Million |
| 2010 | 8.78% | 7.99% | 0.77x | 1.43x | NT$-8.63 Million |
| 2011 | 9.45% | 8.99% | 0.71x | 1.49x | NT$-4.15 Million |
| 2012 | 11.35% | 12.93% | 0.63x | 1.40x | NT$10.52 Million |
| 2013 | 6.99% | 8.12% | 0.59x | 1.47x | NT$-21.98 Million |
| 2014 | 8.23% | 9.50% | 0.59x | 1.48x | NT$-13.21 Million |
| 2015 | 5.26% | 5.96% | 0.57x | 1.54x | NT$-32.85 Million |
| 2016 | 11.42% | 11.77% | 0.64x | 1.52x | NT$10.12 Million |
| 2017 | 4.53% | 4.76% | 0.62x | 1.54x | NT$-38.96 Million |
| 2018 | 7.90% | 8.49% | 0.60x | 1.54x | NT$-15.21 Million |
| 2019 | 10.79% | 11.08% | 0.59x | 1.66x | NT$5.85 Million |
| 2020 | 12.73% | 12.63% | 0.59x | 1.70x | NT$20.93 Million |
| 2021 | 14.05% | 14.30% | 0.60x | 1.64x | NT$33.02 Million |
| 2022 | 16.42% | 17.87% | 0.57x | 1.61x | NT$56.07 Million |
| 2023 | 19.00% | 20.55% | 0.58x | 1.60x | NT$81.94 Million |
| 2024 | 17.12% | 17.93% | 0.61x | 1.57x | NT$65.43 Million |
| 2025 | 18.18% | 17.17% | 0.65x | 1.63x | NT$77.29 Million |
Industry Comparison
This section compares Ares International Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $3,139,489,778
- Average return on equity (ROE) among peers: 9.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ares International Corp (2471) | NT$948.16 Million | 1.02% | 0.63x | $80.69 Million |
| Kwong Fong Industries Corp (1416) | $5.40 Billion | 8.98% | 1.02x | $65.11 Million |
| Syscom Computer Engineering Co (2453) | $1.76 Billion | 3.58% | 0.90x | $179.27 Million |
| Fortune Information Systems Corp (2468) | $1.14 Billion | 3.41% | 0.72x | $84.42 Million |
| Jetwell Computer Co Ltd (3147) | $1.27 Billion | 22.59% | 1.36x | $454.20 Million |
| Wistron Information Technology & Services (4953) | $1.83 Billion | 13.86% | 0.62x | $298.87 Million |
| Sysage Technology Co Ltd (6112) | $1.95 Billion | 11.55% | 1.49x | $268.82 Million |
| Systex Corp (6214) | $13.19 Billion | 7.97% | 0.51x | $1.11 Billion |
| Genesis Technology (6221) | $740.28 Million | 9.23% | 1.57x | $130.13 Million |
| Tatung System Technologies (8099) | $972.84 Million | 7.76% | 0.73x | $189.80 Million |
About Ares International Corp
Ares International Corp. engages in the design, sale, lease, maintenance, and technology consultation of computer equipment, internet, and related software in Taiwan, Asia, and internationally. The company operates through Commercial, Financial Business, and Project segments. It is also involved in analysis, design, modification, installation, and maintenance of application software; investment b… Read more