AOPEN Inc (3046) - Net Assets
Based on the latest financial reports, AOPEN Inc (3046) has net assets worth NT$1.60 Billion TWD (≈ $50.42 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$3.68 Billion ≈ $115.99 Million USD) and total liabilities (NT$2.08 Billion ≈ $65.58 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 3046 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.60 Billion |
| % of Total Assets | 43.47% |
| Annual Growth Rate | -5.48% |
| 5-Year Change | 158.43% |
| 10-Year Change | 73.57% |
| Growth Volatility | 28.04 |
AOPEN Inc - Net Assets Trend (2002–2024)
This chart illustrates how AOPEN Inc's net assets have evolved over time, based on quarterly financial data. Also explore 3046 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for AOPEN Inc (2002–2024)
The table below shows the annual net assets of AOPEN Inc from 2002 to 2024. For live valuation and market cap data, see AOPEN Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.55 Billion ≈ $48.96 Million |
+10.06% |
| 2023-12-31 | NT$1.41 Billion ≈ $44.48 Million |
+68.83% |
| 2022-12-31 | NT$836.29 Million ≈ $26.35 Million |
+29.14% |
| 2021-12-31 | NT$647.59 Million ≈ $20.40 Million |
+7.70% |
| 2020-12-31 | NT$601.32 Million ≈ $18.94 Million |
+1.80% |
| 2019-12-31 | NT$590.69 Million ≈ $18.61 Million |
-24.45% |
| 2018-12-31 | NT$781.86 Million ≈ $24.63 Million |
-1.56% |
| 2017-12-31 | NT$794.22 Million ≈ $25.02 Million |
+52.61% |
| 2016-12-31 | NT$520.42 Million ≈ $16.40 Million |
-41.87% |
| 2015-12-31 | NT$895.30 Million ≈ $28.21 Million |
-17.96% |
| 2014-12-31 | NT$1.09 Billion ≈ $34.38 Million |
-13.60% |
| 2013-12-31 | NT$1.26 Billion ≈ $39.79 Million |
-5.15% |
| 2012-12-31 | NT$1.33 Billion ≈ $41.95 Million |
-2.88% |
| 2011-12-31 | NT$1.37 Billion ≈ $43.20 Million |
+3.95% |
| 2010-12-31 | NT$1.32 Billion ≈ $41.56 Million |
+2.76% |
| 2009-12-31 | NT$1.28 Billion ≈ $40.44 Million |
+4.60% |
| 2008-12-31 | NT$1.23 Billion ≈ $38.66 Million |
+4.56% |
| 2007-12-31 | NT$1.17 Billion ≈ $36.98 Million |
+22.99% |
| 2006-12-31 | NT$954.29 Million ≈ $30.07 Million |
-37.67% |
| 2005-12-31 | NT$1.53 Billion ≈ $48.24 Million |
-42.43% |
| 2004-12-31 | NT$2.66 Billion ≈ $83.79 Million |
-44.94% |
| 2003-12-31 | NT$4.83 Billion ≈ $152.19 Million |
-10.10% |
| 2002-12-31 | NT$5.37 Billion ≈ $169.28 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to AOPEN 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 68.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$415.79 Million | 26.55% |
| Common Stock | NT$784.48 Million | 50.09% |
| Other Comprehensive Income | NT$-58.55 Million | -3.74% |
| Other Components | NT$424.41 Million | 27.10% |
| Total Equity | NT$1.57 Billion | 100.00% |
AOPEN Inc Competitors by Market Cap
The table below lists competitors of AOPEN Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Geospace Technologies Corporation
NASDAQ:GEOS
|
$119.99 Million |
|
Caisse Regionale de Credit Agricole Mutuel Loire HauteLoire
PA:CRLO
|
$119.99 Million |
|
Advenica AB
ST:ADVE
|
$120.00 Million |
|
Servotronics Inc
NYSE MKT:SVT
|
$120.00 Million |
|
Mikro MSC Bhd
KLSE:0112
|
$119.83 Million |
|
Ctek AB
ST:CTEK
|
$119.74 Million |
|
NS Co. Ltd
KQ:217820
|
$119.73 Million |
|
Kuang Hong Arts Management
TWO:6596
|
$119.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AOPEN Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,410,580,000 to 1,566,131,000, a change of 155,551,000 (11.0%).
- Net income of 300,533,000 contributed positively to equity growth.
- Dividend payments of 156,896,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,023,999.
- Other factors increased equity by 15,937,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$300.53 Million | +19.19% |
| Dividends Paid | NT$156.90 Million | -10.02% |
| Other Comprehensive Income | NT$-4.02 Million | -0.26% |
| Other Changes | NT$15.94 Million | +1.02% |
| Total Change | NT$- | 11.03% |
Book Value vs Market Value Analysis
This analysis compares AOPEN 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: 2.43x
- 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 4.50x to 2.43x 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$10.79 | NT$48.50 | x |
| 2010-12-31 | NT$11.41 | NT$48.50 | x |
| 2011-12-31 | NT$11.86 | NT$48.50 | x |
| 2012-12-31 | NT$11.51 | NT$48.50 | x |
| 2013-12-31 | NT$10.91 | NT$48.50 | x |
| 2014-12-31 | NT$9.42 | NT$48.50 | x |
| 2015-12-31 | NT$7.70 | NT$48.50 | x |
| 2016-12-31 | NT$14.61 | NT$48.50 | x |
| 2017-12-31 | NT$20.17 | NT$48.50 | x |
| 2018-12-31 | NT$10.67 | NT$48.50 | x |
| 2019-12-31 | NT$8.00 | NT$48.50 | x |
| 2020-12-31 | NT$8.14 | NT$48.50 | x |
| 2021-12-31 | NT$8.93 | NT$48.50 | x |
| 2022-12-31 | NT$11.53 | NT$48.50 | x |
| 2023-12-31 | NT$19.05 | NT$48.50 | x |
| 2024-12-31 | NT$19.93 | NT$48.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AOPEN 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): 19.19%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.33%
- • Asset Turnover: 2.33x
- • Equity Multiplier: 1.91x
- Recent ROE (19.19%) is above the historical average (-3.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 19.38% | 5.27% | 1.90x | 1.94x | NT$502.27 Million |
| 2003 | 8.03% | 1.92% | 1.81x | 2.30x | NT$-95.57 Million |
| 2007 | 14.10% | 4.65% | 1.31x | 2.31x | NT$48.11 Million |
| 2008 | 3.64% | 1.66% | 1.28x | 1.72x | NT$-78.02 Million |
| 2009 | 3.14% | 1.96% | 1.04x | 1.54x | NT$-88.05 Million |
| 2010 | 2.52% | 1.39% | 1.08x | 1.67x | NT$-98.69 Million |
| 2011 | 2.86% | 1.81% | 0.99x | 1.61x | NT$-97.87 Million |
| 2012 | -2.26% | -1.81% | 0.84x | 1.49x | NT$-163.23 Million |
| 2013 | -13.80% | -13.94% | 0.62x | 1.60x | NT$-300.26 Million |
| 2014 | -29.16% | -28.01% | 0.59x | 1.77x | NT$-426.57 Million |
| 2015 | -20.07% | -11.43% | 0.86x | 2.05x | NT$-267.70 Million |
| 2016 | -71.30% | -32.19% | 0.78x | 2.83x | NT$-417.95 Million |
| 2017 | -15.23% | -8.84% | 0.88x | 1.96x | NT$-198.43 Million |
| 2018 | -1.75% | -0.79% | 1.18x | 1.88x | NT$-90.18 Million |
| 2019 | -28.74% | -9.58% | 1.23x | 2.45x | NT$-222.76 Million |
| 2020 | -11.17% | -3.72% | 1.10x | 2.73x | NT$-123.93 Million |
| 2021 | 20.28% | 5.06% | 1.52x | 2.64x | NT$66.00 Million |
| 2022 | 23.94% | 5.98% | 1.87x | 2.14x | NT$115.94 Million |
| 2023 | 16.46% | 4.10% | 2.04x | 1.97x | NT$91.15 Million |
| 2024 | 19.19% | 4.33% | 2.33x | 1.91x | NT$143.92 Million |
Industry Comparison
This section compares AOPEN Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $37,332,807,700
- Average return on equity (ROE) among peers: -1.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AOPEN Inc (3046) | NT$1.60 Billion | 19.38% | 1.30x | $119.87 Million |
| Solytech Enterprise Corp (1471) | $1.00 Billion | -31.82% | 0.68x | $53.55 Million |
| Lite-On Technology Corp (2301) | $79.28 Billion | 11.88% | 1.66x | $11.87 Billion |
| Microtek International Inc (2305) | $2.23 Billion | -0.87% | 0.17x | $100.28 Million |
| Kinpo Electronics Inc (2312) | $14.67 Billion | 10.08% | 0.70x | $1.31 Billion |
| CMC Magnetics Corp (2323) | $33.57 Billion | -1.91% | 0.45x | $348.35 Million |
| Compal Electronics Inc (2324) | $115.99 Billion | 8.07% | 3.03x | $3.98 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.02 Billion | 0.42% | 1.12x | $360.88 Million |
| Ritek Corp (2349) | $9.39 Billion | -2.63% | 0.94x | $272.09 Million |
| Qisda Corp (2352) | $31.13 Billion | -5.81% | 2.57x | $975.88 Million |
| Acer Inc (2353) | $75.03 Billion | -3.88% | 2.02x | $2.61 Billion |
About AOPEN Inc
AOPEN Incorporated engages in the research, design, and marketing of computer products, lifestyle appliances, and others in Taiwan, the Americas, Europe, the Asia Pacific, and emerging markets. The company offers embedded PCs, such as digital signage media players, video wall controllers, industrial box PCs, open pluggable specification PCs, and chrome boxes; touch panel PCs comprising all-in-one… Read more