Asia Optical Co Inc
Asia Optical Co., Inc. manufactures, processes, and sells cameras, riflescopes, photocopier lens, scanner lens and optical components in Taiwan and internationally. It operates through optical components, contact image sensor modules, optronics components, optronics products, and digital camera. It offers optical components, such as injection molded plastic lens, precision glass molding of aspher… Read more
Asia Optical Co Inc (3019) - Net Assets
Latest net assets as of September 2025: NT$16.40 Billion TWD
Based on the latest financial reports, Asia Optical Co Inc (3019) has net assets worth NT$16.40 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$26.63 Billion) and total liabilities (NT$10.22 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$16.40 Billion |
| % of Total Assets | 61.6% |
| Annual Growth Rate | 6.32% |
| 5-Year Change | 15.56% |
| 10-Year Change | 9.8% |
| Growth Volatility | 17.91 |
Asia Optical Co Inc - Net Assets Trend (2002–2024)
This chart illustrates how Asia Optical Co 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 Asia Optical Co Inc (2002–2024)
The table below shows the annual net assets of Asia Optical Co Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$17.29 Billion | +16.59% |
| 2023-12-31 | NT$14.83 Billion | +0.88% |
| 2022-12-31 | NT$14.70 Billion | -7.51% |
| 2021-12-31 | NT$15.89 Billion | +6.23% |
| 2020-12-31 | NT$14.96 Billion | -3.93% |
| 2019-12-31 | NT$15.57 Billion | -1.95% |
| 2018-12-31 | NT$15.88 Billion | +4.61% |
| 2017-12-31 | NT$15.18 Billion | -2.13% |
| 2016-12-31 | NT$15.51 Billion | -1.46% |
| 2015-12-31 | NT$15.74 Billion | -2.33% |
| 2014-12-31 | NT$16.12 Billion | -0.01% |
| 2013-12-31 | NT$16.12 Billion | +25.29% |
| 2012-12-31 | NT$12.87 Billion | -5.66% |
| 2011-12-31 | NT$13.64 Billion | -3.76% |
| 2010-12-31 | NT$14.17 Billion | -7.70% |
| 2009-12-31 | NT$15.35 Billion | -5.60% |
| 2008-12-31 | NT$16.26 Billion | +1.84% |
| 2007-12-31 | NT$15.97 Billion | +7.32% |
| 2006-12-31 | NT$14.88 Billion | +11.31% |
| 2005-12-31 | NT$13.37 Billion | +32.33% |
| 2004-12-31 | NT$10.10 Billion | +32.82% |
| 2003-12-31 | NT$7.61 Billion | +69.38% |
| 2002-12-31 | NT$4.49 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Optical Co 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 86.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.36 Billion | 22.87% |
| Common Stock | NT$2.79 Billion | 19.03% |
| Other Components | NT$8.52 Billion | 58.10% |
| Total Equity | NT$14.67 Billion | 100.00% |
Asia Optical Co Inc Competitors by Market Cap
The table below lists competitors of Asia Optical Co Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VNDIRECT Securities Corp
VN:VND
|
$827.89 Million |
|
The Karnataka Bank Limited
NSE:KTKBANK
|
$827.96 Million |
|
Rent-A-Center Inc
F:RAC
|
$828.09 Million |
|
Anhui Jiangnan Chemical Industry Co Ltd
SHE:002226
|
$828.66 Million |
|
Mercantile Bank Corporation
NASDAQ:MBWM
|
$827.69 Million |
|
Xintec
TWO:3374
|
$827.07 Million |
|
Yinbang Clad Material
SHE:300337
|
$827.05 Million |
|
BlueNord ASA
OL:BNOR
|
$826.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Optical Co Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,556,847,000 to 14,672,560,000, a change of 2,115,713,000 (16.8%).
- Net income of 1,615,785,000 contributed positively to equity growth.
- Dividend payments of 502,639,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,881,337,000.
- Other factors increased equity by 7,883,904,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.62 Billion | +11.01% |
| Dividends Paid | NT$502.64 Million | -3.43% |
| Other Comprehensive Income | NT$-6.88 Billion | -46.9% |
| Other Changes | NT$7.88 Billion | +53.73% |
| Total Change | NT$- | 16.85% |
Book Value vs Market Value Analysis
This analysis compares Asia Optical Co 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: 2.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$52.13 | NT$130.50 | x |
| 2007-12-31 | NT$54.78 | NT$130.50 | x |
| 2008-12-31 | NT$54.35 | NT$130.50 | x |
| 2009-12-31 | NT$55.42 | NT$130.50 | x |
| 2010-12-31 | NT$48.64 | NT$130.50 | x |
| 2011-12-31 | NT$43.62 | NT$130.50 | x |
| 2012-12-31 | NT$40.34 | NT$130.50 | x |
| 2013-12-31 | NT$38.87 | NT$130.50 | x |
| 2014-12-31 | NT$39.55 | NT$130.50 | x |
| 2015-12-31 | NT$39.99 | NT$130.50 | x |
| 2016-12-31 | NT$39.52 | NT$130.50 | x |
| 2017-12-31 | NT$38.86 | NT$130.50 | x |
| 2018-12-31 | NT$41.70 | NT$130.50 | x |
| 2019-12-31 | NT$41.57 | NT$130.50 | x |
| 2020-12-31 | NT$39.61 | NT$130.50 | x |
| 2021-12-31 | NT$42.78 | NT$130.50 | x |
| 2022-12-31 | NT$43.87 | NT$130.50 | x |
| 2023-12-31 | NT$44.53 | NT$130.50 | x |
| 2024-12-31 | NT$52.16 | NT$130.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Optical Co 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): 11.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.01%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.76x
- Recent ROE (11.01%) is above the historical average (7.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 29.52% | 9.61% | 1.31x | 2.35x | NT$840.68 Million |
| 2003 | 25.87% | 9.93% | 1.05x | 2.47x | NT$1.21 Billion |
| 2004 | 24.29% | 8.98% | 1.39x | 1.95x | NT$1.43 Billion |
| 2005 | 21.23% | 8.30% | 1.56x | 1.64x | NT$1.47 Billion |
| 2006 | 15.55% | 6.90% | 1.42x | 1.58x | NT$792.52 Million |
| 2007 | 14.17% | 6.46% | 1.47x | 1.49x | NT$636.32 Million |
| 2008 | 6.77% | 3.19% | 1.33x | 1.59x | NT$-487.26 Million |
| 2009 | -3.12% | -1.94% | 0.93x | 1.72x | NT$-1.86 Billion |
| 2010 | -7.72% | -4.05% | 1.10x | 1.73x | NT$-2.29 Billion |
| 2011 | -16.93% | -8.49% | 1.01x | 1.98x | NT$-3.28 Billion |
| 2012 | -3.82% | -2.09% | 0.94x | 1.95x | NT$-1.57 Billion |
| 2013 | -7.85% | -4.77% | 0.69x | 2.39x | NT$-1.95 Billion |
| 2014 | -3.00% | -1.89% | 0.77x | 2.07x | NT$-1.45 Billion |
| 2015 | 0.93% | 0.57% | 0.86x | 1.90x | NT$-1.02 Billion |
| 2016 | 3.02% | 1.88% | 0.86x | 1.87x | NT$-780.10 Million |
| 2017 | 5.66% | 3.32% | 0.92x | 1.85x | NT$-476.46 Million |
| 2018 | 9.25% | 5.73% | 0.91x | 1.78x | NT$-88.86 Million |
| 2019 | 11.48% | 7.44% | 0.92x | 1.68x | NT$173.46 Million |
| 2020 | 5.43% | 3.86% | 0.78x | 1.80x | NT$-511.81 Million |
| 2021 | 12.35% | 7.15% | 0.93x | 1.86x | NT$285.73 Million |
| 2022 | 10.85% | 7.05% | 0.93x | 1.65x | NT$105.31 Million |
| 2023 | 6.19% | 4.36% | 0.85x | 1.67x | NT$-478.73 Million |
| 2024 | 11.01% | 7.01% | 0.89x | 1.76x | NT$148.53 Million |
Industry Comparison
This section compares Asia Optical Co Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Optical Co Inc (3019) | NT$16.40 Billion | 29.52% | 0.62x | $827.87 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |