Pan Jit International Inc
PANJIT International Inc. manufactures, processes, assembles, imports, and exports semiconductors in Taiwan, Asia, the Americas, Europe, and internationally. It manufactures and sells wafers, power components, and control modules. The company also engages in the research and development, design, manufacture, and technology consultation of power IC, field effect transistors, and fast recovery diod… Read more
Pan Jit International Inc (2481) - Net Assets
Latest net assets as of September 2025: NT$15.26 Billion TWD
Based on the latest financial reports, Pan Jit International Inc (2481) has net assets worth NT$15.26 Billion 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$29.10 Billion) and total liabilities (NT$13.84 Billion). 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$15.26 Billion |
| % of Total Assets | 52.44% |
| Annual Growth Rate | 9.35% |
| 5-Year Change | 114.16% |
| 10-Year Change | 97.77% |
| Growth Volatility | 21.81 |
Pan Jit International Inc - Net Assets Trend (2002–2024)
This chart illustrates how Pan Jit International 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 Pan Jit International Inc (2002–2024)
The table below shows the annual net assets of Pan Jit International Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$15.52 Billion | +6.05% |
| 2023-12-31 | NT$14.63 Billion | -1.84% |
| 2022-12-31 | NT$14.91 Billion | +13.72% |
| 2021-12-31 | NT$13.11 Billion | +80.92% |
| 2020-12-31 | NT$7.25 Billion | +13.69% |
| 2019-12-31 | NT$6.37 Billion | -4.62% |
| 2018-12-31 | NT$6.68 Billion | -7.59% |
| 2017-12-31 | NT$7.23 Billion | -11.89% |
| 2016-12-31 | NT$8.21 Billion | +4.58% |
| 2015-12-31 | NT$7.85 Billion | -16.22% |
| 2014-12-31 | NT$9.37 Billion | +17.77% |
| 2013-12-31 | NT$7.95 Billion | -4.20% |
| 2012-12-31 | NT$8.30 Billion | -13.24% |
| 2011-12-31 | NT$9.57 Billion | +3.29% |
| 2010-12-31 | NT$9.26 Billion | +33.34% |
| 2009-12-31 | NT$6.95 Billion | +5.49% |
| 2008-12-31 | NT$6.59 Billion | +9.68% |
| 2007-12-31 | NT$6.00 Billion | +46.30% |
| 2006-12-31 | NT$4.10 Billion | +20.55% |
| 2005-12-31 | NT$3.40 Billion | +6.43% |
| 2004-12-31 | NT$3.20 Billion | +7.87% |
| 2003-12-31 | NT$2.97 Billion | +36.53% |
| 2002-12-31 | NT$2.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pan Jit International 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 747.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.94 Billion | 20.80% |
| Common Stock | NT$3.82 Billion | 27.06% |
| Other Components | NT$7.36 Billion | 52.14% |
| Total Equity | NT$14.12 Billion | 100.00% |
Pan Jit International Inc Competitors by Market Cap
The table below lists competitors of Pan Jit International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chengdu ALD Aviation Manufacturing Corp
SHE:300696
|
$825.06 Million |
|
Banque Cantonale de Geneve
SW:BCGE
|
$825.51 Million |
|
LGI Homes
NASDAQ:LGIH
|
$825.54 Million |
|
Safehold Inc
NYSE:SAFE
|
$825.56 Million |
|
The RealReal Inc
F:6RR
|
$824.16 Million |
|
Pfizer Limited
NSE:PFIZER
|
$823.98 Million |
|
Hubei Tech Semiconductors Co
SHE:300046
|
$823.72 Million |
|
Shanghai Feilo Acoustics Co Ltd
SHG:600651
|
$823.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pan Jit International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,248,598,000 to 14,123,114,000, a change of 874,516,000 (6.6%).
- Net income of 918,523,000 contributed positively to equity growth.
- Dividend payments of 458,538,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,034,908,000.
- Other factors increased equity by 2,449,439,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$918.52 Million | +6.5% |
| Dividends Paid | NT$458.54 Million | -3.25% |
| Other Comprehensive Income | NT$-2.03 Billion | -14.41% |
| Other Changes | NT$2.45 Billion | +17.34% |
| Total Change | NT$- | 6.60% |
Book Value vs Market Value Analysis
This analysis compares Pan Jit International 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: 2.63x
- 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 6.78x to 2.63x 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$14.28 | NT$96.90 | x |
| 2005-12-31 | NT$18.92 | NT$96.90 | x |
| 2006-12-31 | NT$21.39 | NT$96.90 | x |
| 2007-12-31 | NT$22.58 | NT$96.90 | x |
| 2008-12-31 | NT$18.33 | NT$96.90 | x |
| 2009-12-31 | NT$20.02 | NT$96.90 | x |
| 2010-12-31 | NT$24.20 | NT$96.90 | x |
| 2011-12-31 | NT$22.54 | NT$96.90 | x |
| 2012-12-31 | NT$20.28 | NT$96.90 | x |
| 2013-12-31 | NT$20.36 | NT$96.90 | x |
| 2014-12-31 | NT$19.59 | NT$96.90 | x |
| 2015-12-31 | NT$18.98 | NT$96.90 | x |
| 2016-12-31 | NT$20.17 | NT$96.90 | x |
| 2017-12-31 | NT$18.03 | NT$96.90 | x |
| 2018-12-31 | NT$17.52 | NT$96.90 | x |
| 2019-12-31 | NT$17.64 | NT$96.90 | x |
| 2020-12-31 | NT$21.24 | NT$96.90 | x |
| 2021-12-31 | NT$37.73 | NT$96.90 | x |
| 2022-12-31 | NT$35.38 | NT$96.90 | x |
| 2023-12-31 | NT$34.55 | NT$96.90 | x |
| 2024-12-31 | NT$36.81 | NT$96.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pan Jit International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.33%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.04x
- Recent ROE (6.50%) is above the historical average (5.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.01% | 7.17% | 0.45x | 2.46x | NT$-43.12 Million |
| 2003 | 12.09% | 9.25% | 0.49x | 2.65x | NT$59.61 Million |
| 2004 | 8.09% | 5.72% | 0.46x | 3.09x | NT$-59.24 Million |
| 2005 | 0.18% | 0.11% | 0.51x | 3.05x | NT$-311.56 Million |
| 2006 | 8.55% | 5.18% | 0.61x | 2.70x | NT$-55.61 Million |
| 2007 | 7.47% | 5.05% | 0.57x | 2.58x | NT$-132.88 Million |
| 2008 | 3.14% | 1.30% | 0.86x | 2.82x | NT$-382.60 Million |
| 2009 | 1.25% | 0.68% | 0.67x | 2.73x | NT$-491.15 Million |
| 2010 | 14.38% | 5.71% | 0.95x | 2.65x | NT$343.68 Million |
| 2011 | -7.13% | -3.52% | 0.62x | 3.25x | NT$-1.29 Billion |
| 2012 | -9.70% | -5.11% | 0.55x | 3.45x | NT$-1.32 Billion |
| 2013 | -3.98% | -1.96% | 0.58x | 3.51x | NT$-941.78 Million |
| 2014 | 1.49% | 0.62% | 0.69x | 3.50x | NT$-610.69 Million |
| 2015 | 6.66% | 3.06% | 0.72x | 3.01x | NT$-229.93 Million |
| 2016 | 8.97% | 4.70% | 0.64x | 2.96x | NT$-69.71 Million |
| 2017 | -5.65% | -2.85% | 0.60x | 3.29x | NT$-939.28 Million |
| 2018 | 13.69% | 7.85% | 0.72x | 2.42x | NT$240.16 Million |
| 2019 | 8.49% | 5.80% | 0.59x | 2.47x | NT$-94.66 Million |
| 2020 | 12.64% | 8.56% | 0.59x | 2.50x | NT$187.49 Million |
| 2021 | 14.94% | 13.90% | 0.52x | 2.07x | NT$637.39 Million |
| 2022 | 12.91% | 13.29% | 0.45x | 2.14x | NT$396.07 Million |
| 2023 | 6.20% | 6.46% | 0.44x | 2.16x | NT$-504.08 Million |
| 2024 | 6.50% | 7.33% | 0.44x | 2.04x | NT$-493.79 Million |
Industry Comparison
This section compares Pan Jit International Inc's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,532,362,889
- Average return on equity (ROE) among peers: 4.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pan Jit International Inc (2481) | NT$15.26 Billion | 8.01% | 0.91x | $824.61 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $39.77 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.31 Billion | -10.40% | 0.55x | $285.76 Million |
| Greatek Electronics Inc (2441) | $9.68 Billion | 16.62% | 0.10x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $919.04 Million | 0.00% | 0.65x | $1.13 Billion |
| Ampoc Far-East Co Ltd (2493) | $2.16 Billion | 18.34% | 0.50x | $265.52 Million |
| Episil-Precision Inc (3016) | $1.06 Billion | 1.57% | 0.14x | $187.04 Million |
| Zenitron Corp (3028) | $4.03 Billion | 10.78% | 1.64x | $312.17 Million |
| ALi Corp (3041) | $3.27 Billion | 0.43% | 0.15x | $98.65 Million |