Spirox Corp
Spirox Corporation engages in the provision of integrated solutions to the semiconductor and FPD industries in Taiwan, China, and internationally. The company offers IC test solutions, including automatic test equipment (ATE), wafer testing, final testing, micro electro-mechanical systems testing, and automatic optical inspection solutions; IC advanced package solutions comprising automatic optic… Read more
Spirox Corp (3055) - Net Assets
Latest net assets as of September 2025: NT$1.78 Billion TWD
Based on the latest financial reports, Spirox Corp (3055) has net assets worth NT$1.78 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$2.09 Billion) and total liabilities (NT$307.69 Million). 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$1.78 Billion |
| % of Total Assets | 85.3% |
| Annual Growth Rate | 0.14% |
| 5-Year Change | -9.88% |
| 10-Year Change | -29.48% |
| Growth Volatility | 14.83 |
Spirox Corp - Net Assets Trend (2002–2024)
This chart illustrates how Spirox Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spirox Corp (2002–2024)
The table below shows the annual net assets of Spirox Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.13 Billion | -18.09% |
| 2023-12-31 | NT$2.60 Billion | -8.47% |
| 2022-12-31 | NT$2.84 Billion | +7.43% |
| 2021-12-31 | NT$2.64 Billion | +11.87% |
| 2020-12-31 | NT$2.36 Billion | -3.72% |
| 2019-12-31 | NT$2.45 Billion | -0.72% |
| 2018-12-31 | NT$2.47 Billion | -1.91% |
| 2017-12-31 | NT$2.52 Billion | -6.32% |
| 2016-12-31 | NT$2.69 Billion | -10.92% |
| 2015-12-31 | NT$3.02 Billion | +19.36% |
| 2014-12-31 | NT$2.53 Billion | +12.06% |
| 2013-12-31 | NT$2.26 Billion | -18.57% |
| 2012-12-31 | NT$2.77 Billion | -2.75% |
| 2011-12-31 | NT$2.85 Billion | -2.58% |
| 2010-12-31 | NT$2.92 Billion | +2.88% |
| 2009-12-31 | NT$2.84 Billion | +8.08% |
| 2008-12-31 | NT$2.63 Billion | -34.60% |
| 2007-12-31 | NT$4.02 Billion | -2.89% |
| 2006-12-31 | NT$4.14 Billion | +35.26% |
| 2005-12-31 | NT$3.06 Billion | +9.93% |
| 2004-12-31 | NT$2.78 Billion | +22.13% |
| 2003-12-31 | NT$2.28 Billion | +10.49% |
| 2002-12-31 | NT$2.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spirox 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 17.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$784.82 Million | 37.76% |
| Common Stock | NT$1.15 Billion | 55.31% |
| Other Comprehensive Income | NT$-118.89 Million | -5.72% |
| Other Components | NT$263.02 Million | 12.65% |
| Total Equity | NT$2.08 Billion | 100.00% |
Spirox Corp Competitors by Market Cap
The table below lists competitors of Spirox Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ausnutria Dairy Corporation Ltd
PINK:AUDYF
|
$96.92 Million |
|
Edimax Technology Co Ltd
TW:3047
|
$96.92 Million |
|
Northway Financial Inc
OTCQB:NWYF
|
$96.92 Million |
|
Synalloy Corporation
NASDAQ:ACNT
|
$96.97 Million |
|
Naturelgaz Sanayi ve Ticaret AS
IS:NTGAZ
|
$96.90 Million |
|
NorthIsle Copper and Gold Inc
PINK:NTCPF
|
$96.89 Million |
|
EVI INDS INC. DL-025
F:2YE
|
$96.89 Million |
|
Jochu Technology Co Ltd
TW:3543
|
$96.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spirox Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,518,013,000 to 2,078,701,000, a change of -439,312,000 (-17.4%).
- Net loss of 251,519,000 reduced equity.
- Dividend payments of 113,582,000 reduced retained earnings.
- Share repurchases of 117,732,000 reduced equity.
- New share issuances of 22,890,000 increased equity.
- Other comprehensive income increased equity by 14,160,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-251.52 Million | -12.1% |
| Dividends Paid | NT$113.58 Million | -5.46% |
| Share Repurchases | NT$117.73 Million | -5.66% |
| Share Issuances | NT$22.89 Million | +1.1% |
| Other Comprehensive Income | NT$14.16 Million | +0.68% |
| Other Changes | NT$6.47 Million | +0.31% |
| Total Change | NT$- | -17.45% |
Book Value vs Market Value Analysis
This analysis compares Spirox 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: 3.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.20x to 3.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$26.29 | NT$57.70 | x |
| 2010-12-31 | NT$26.68 | NT$57.70 | x |
| 2011-12-31 | NT$24.95 | NT$57.70 | x |
| 2012-12-31 | NT$25.62 | NT$57.70 | x |
| 2013-12-31 | NT$21.24 | NT$57.70 | x |
| 2014-12-31 | NT$24.22 | NT$57.70 | x |
| 2015-12-31 | NT$22.98 | NT$57.70 | x |
| 2016-12-31 | NT$21.92 | NT$57.70 | x |
| 2017-12-31 | NT$25.63 | NT$57.70 | x |
| 2018-12-31 | NT$24.09 | NT$57.70 | x |
| 2019-12-31 | NT$24.50 | NT$57.70 | x |
| 2020-12-31 | NT$23.92 | NT$57.70 | x |
| 2021-12-31 | NT$23.97 | NT$57.70 | x |
| 2022-12-31 | NT$24.70 | NT$57.70 | x |
| 2023-12-31 | NT$22.00 | NT$57.70 | x |
| 2024-12-31 | NT$18.45 | NT$57.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spirox 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): -12.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.36%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.25x
- Recent ROE (-12.10%) is below the historical average (6.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 15.03% | 8.32% | 1.20x | 1.51x | NT$103.74 Million |
| 2003 | 14.10% | 8.02% | 1.01x | 1.74x | NT$93.57 Million |
| 2004 | 27.65% | 8.24% | 1.89x | 1.77x | NT$491.37 Million |
| 2005 | 20.71% | 8.15% | 1.23x | 2.07x | NT$327.94 Million |
| 2006 | 13.73% | 8.09% | 1.08x | 1.57x | NT$154.53 Million |
| 2007 | 19.42% | 10.93% | 1.16x | 1.54x | NT$378.78 Million |
| 2008 | 7.92% | 5.25% | 0.96x | 1.57x | NT$-54.75 Million |
| 2009 | 7.14% | 7.37% | 0.63x | 1.54x | NT$-81.23 Million |
| 2010 | 12.31% | 7.50% | 1.14x | 1.45x | NT$67.52 Million |
| 2011 | 3.67% | 2.93% | 0.88x | 1.43x | NT$-171.35 Million |
| 2012 | 2.35% | 1.92% | 0.86x | 1.42x | NT$-207.19 Million |
| 2013 | -22.77% | -18.07% | 0.91x | 1.38x | NT$-724.48 Million |
| 2014 | 11.40% | 8.34% | 0.97x | 1.41x | NT$35.28 Million |
| 2015 | 20.02% | 20.51% | 0.68x | 1.44x | NT$301.42 Million |
| 2016 | 5.17% | 3.94% | 0.85x | 1.54x | NT$-129.39 Million |
| 2017 | 1.54% | 1.46% | 0.72x | 1.46x | NT$-213.05 Million |
| 2018 | 3.49% | 2.73% | 0.90x | 1.42x | NT$-160.77 Million |
| 2019 | 0.60% | 0.48% | 0.59x | 2.13x | NT$-217.38 Million |
| 2020 | -1.60% | -0.98% | 0.60x | 2.73x | NT$-262.19 Million |
| 2021 | -15.49% | -13.57% | 0.41x | 2.76x | NT$-590.79 Million |
| 2022 | 8.64% | 12.54% | 0.47x | 1.46x | NT$-37.88 Million |
| 2023 | -2.23% | -4.18% | 0.37x | 1.44x | NT$-307.89 Million |
| 2024 | -12.10% | -37.36% | 0.26x | 1.25x | NT$-459.39 Million |
Industry Comparison
This section compares Spirox Corp's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,963,876,800
- Average return on equity (ROE) among peers: 4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spirox Corp (3055) | NT$1.78 Billion | 15.03% | 0.17x | $96.91 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 |
| Pan Jit International Inc (2481) | $7.85 Billion | 5.85% | 1.65x | $824.61 Million |
| 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 |