Promise Technology Inc
Promise Technology, Inc. develops storage solutions for the data center, surveillance, cloud, and media markets in Taiwan and internationally. It offers VTrak storage appliances for multi-user collaboration to ingest, edit, stream, and process media; and Vess storage appliances for IP video surveillance installations. The company also provides Pegasus, a solution for the storage industry; and SAN… Read more
Promise Technology Inc (3057) - Net Assets
Latest net assets as of September 2025: NT$583.88 Million TWD
Based on the latest financial reports, Promise Technology Inc (3057) has net assets worth NT$583.88 Million 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$868.91 Million) and total liabilities (NT$285.04 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$583.88 Million |
| % of Total Assets | 67.2% |
| Annual Growth Rate | -0.97% |
| 5-Year Change | -26.08% |
| 10-Year Change | -73.68% |
| Growth Volatility | 18.42 |
Promise Technology Inc - Net Assets Trend (2000–2024)
This chart illustrates how Promise Technology 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 Promise Technology Inc (2000–2024)
The table below shows the annual net assets of Promise Technology Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$602.68 Million | -17.93% |
| 2023-12-31 | NT$734.33 Million | -15.85% |
| 2022-12-31 | NT$872.64 Million | +8.58% |
| 2021-12-31 | NT$803.72 Million | -1.43% |
| 2020-12-31 | NT$815.37 Million | -5.46% |
| 2019-12-31 | NT$862.43 Million | -28.72% |
| 2018-12-31 | NT$1.21 Billion | -4.52% |
| 2017-12-31 | NT$1.27 Billion | -33.21% |
| 2016-12-31 | NT$1.90 Billion | -17.14% |
| 2015-12-31 | NT$2.29 Billion | -6.80% |
| 2014-12-31 | NT$2.46 Billion | +10.78% |
| 2013-12-31 | NT$2.22 Billion | +33.26% |
| 2012-12-31 | NT$1.66 Billion | +6.08% |
| 2011-12-31 | NT$1.57 Billion | -3.04% |
| 2010-12-31 | NT$1.62 Billion | -9.86% |
| 2009-12-31 | NT$1.80 Billion | +5.33% |
| 2008-12-31 | NT$1.70 Billion | +3.16% |
| 2007-12-31 | NT$1.65 Billion | +16.99% |
| 2006-12-31 | NT$1.41 Billion | +1.37% |
| 2005-12-31 | NT$1.39 Billion | +1.34% |
| 2004-12-31 | NT$1.37 Billion | -15.98% |
| 2003-12-31 | NT$1.64 Billion | +10.67% |
| 2002-12-31 | NT$1.48 Billion | +36.18% |
| 2001-12-31 | NT$1.09 Billion | +42.53% |
| 2000-12-31 | NT$761.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Promise Technology 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 231.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$926.79 Million | 153.88% |
| Other Comprehensive Income | NT$-623.00K | -0.10% |
| Total Equity | NT$602.29 Million | 100.00% |
Promise Technology Inc Competitors by Market Cap
The table below lists competitors of Promise Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YoungWoo DSP Co.Ltd
KQ:143540
|
$22.77 Million |
|
Celularity Inc
NASDAQ:CELU
|
$22.77 Million |
|
Innox Corporation
KQ:088390
|
$22.79 Million |
|
Sun Race Sturmey-Archer Inc
TW:1526
|
$22.79 Million |
|
Paragon Union Bhd
KLSE:9407
|
$22.76 Million |
|
ClearVue Technologies Limited
OTCQX:CVUEF
|
$22.76 Million |
|
PRTR Group PCL
BK:PRTR
|
$22.76 Million |
|
Tarsons Products Limited
NSE:TARSONS
|
$22.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Promise Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 733,627,000 to 602,288,000, a change of -131,339,000 (-17.9%).
- Net loss of 152,154,000 reduced equity.
- Other comprehensive income increased equity by 11,206,999.
- Other factors increased equity by 9,608,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-152.15 Million | -25.26% |
| Other Comprehensive Income | NT$11.21 Million | +1.86% |
| Other Changes | NT$9.61 Million | +1.6% |
| Total Change | NT$- | -17.90% |
Book Value vs Market Value Analysis
This analysis compares Promise Technology 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: 1.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.41x to 1.52x 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$36.55 | NT$15.15 | x |
| 2010-12-31 | NT$32.95 | NT$15.15 | x |
| 2011-12-31 | NT$31.43 | NT$15.15 | x |
| 2012-12-31 | NT$28.83 | NT$15.15 | x |
| 2013-12-31 | NT$40.82 | NT$15.15 | x |
| 2014-12-31 | NT$43.61 | NT$15.15 | x |
| 2015-12-31 | NT$41.11 | NT$15.15 | x |
| 2016-12-31 | NT$34.64 | NT$15.15 | x |
| 2017-12-31 | NT$23.11 | NT$15.15 | x |
| 2018-12-31 | NT$22.05 | NT$15.15 | x |
| 2019-12-31 | NT$15.64 | NT$15.15 | x |
| 2020-12-31 | NT$14.68 | NT$15.15 | x |
| 2021-12-31 | NT$13.91 | NT$15.15 | x |
| 2022-12-31 | NT$14.63 | NT$15.15 | x |
| 2023-12-31 | NT$12.18 | NT$15.15 | x |
| 2024-12-31 | NT$9.99 | NT$15.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Promise Technology 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): -25.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.55%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.73x
- Recent ROE (-25.26%) is below the historical average (0.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 32.30% | 20.77% | 1.29x | 1.21x | NT$169.84 Million |
| 2001 | 29.46% | 24.77% | 0.99x | 1.20x | NT$211.15 Million |
| 2002 | 29.49% | 25.05% | 1.03x | 1.14x | NT$288.11 Million |
| 2003 | 23.30% | 21.01% | 0.91x | 1.22x | NT$217.61 Million |
| 2004 | 11.38% | 9.03% | 0.97x | 1.30x | NT$18.96 Million |
| 2005 | 1.43% | 1.28% | 0.85x | 1.31x | NT$-119.23 Million |
| 2006 | 0.71% | 0.70% | 0.74x | 1.35x | NT$-131.13 Million |
| 2007 | 3.56% | 3.59% | 0.79x | 1.26x | NT$-106.39 Million |
| 2008 | 9.74% | 6.74% | 1.16x | 1.25x | NT$-4.48 Million |
| 2009 | 8.15% | 5.71% | 1.13x | 1.26x | NT$-33.12 Million |
| 2010 | 0.37% | 0.23% | 0.79x | 2.06x | NT$-155.25 Million |
| 2011 | -11.73% | -6.48% | 0.92x | 1.96x | NT$-339.31 Million |
| 2012 | 6.06% | 3.23% | 1.10x | 1.71x | NT$-65.23 Million |
| 2013 | 14.91% | 9.14% | 1.13x | 1.45x | NT$108.77 Million |
| 2014 | 16.63% | 10.68% | 1.11x | 1.40x | NT$162.64 Million |
| 2015 | 3.39% | 2.60% | 0.96x | 1.36x | NT$-151.00 Million |
| 2016 | -17.29% | -12.25% | 0.97x | 1.45x | NT$-516.94 Million |
| 2017 | -47.53% | -32.81% | 0.82x | 1.77x | NT$-727.71 Million |
| 2018 | -5.30% | -3.50% | 0.85x | 1.78x | NT$-184.74 Million |
| 2019 | -38.18% | -26.25% | 0.66x | 2.22x | NT$-412.60 Million |
| 2020 | -7.19% | -6.07% | 0.62x | 1.93x | NT$-139.79 Million |
| 2021 | 0.06% | 0.05% | 0.68x | 1.74x | NT$-79.84 Million |
| 2022 | 0.33% | 0.32% | 0.70x | 1.46x | NT$-84.28 Million |
| 2023 | -19.52% | -24.50% | 0.49x | 1.62x | NT$-216.56 Million |
| 2024 | -25.26% | -26.55% | 0.55x | 1.73x | NT$-212.38 Million |
Industry Comparison
This section compares Promise Technology Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Promise Technology Inc (3057) | NT$583.88 Million | 32.30% | 0.49x | $22.76 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |