Promise Technology Inc (3057) - Net Assets

Latest as of September 2025: NT$583.88 Million TWD ≈ $18.40 Million USD

Based on the latest financial reports, Promise Technology Inc (3057) has net assets worth NT$583.88 Million TWD (≈ $18.40 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$868.91 Million ≈ $27.38 Million USD) and total liabilities (NT$285.04 Million ≈ $8.98 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 asset resilience ratio of Promise Technology Inc to evaluate the company's liquid asset resilience ratio.

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. Also explore 3057 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 3057 stock market capitalisation.

Year Net Assets Change
2024-12-31 NT$602.68 Million
≈ $18.99 Million		 -17.93%
2023-12-31 NT$734.33 Million
≈ $23.14 Million		 -15.85%
2022-12-31 NT$872.64 Million
≈ $27.49 Million		 +8.58%
2021-12-31 NT$803.72 Million
≈ $25.32 Million		 -1.43%
2020-12-31 NT$815.37 Million
≈ $25.69 Million		 -5.46%
2019-12-31 NT$862.43 Million
≈ $27.17 Million		 -28.72%
2018-12-31 NT$1.21 Billion
≈ $38.12 Million		 -4.52%
2017-12-31 NT$1.27 Billion
≈ $39.92 Million		 -33.21%
2016-12-31 NT$1.90 Billion
≈ $59.78 Million		 -17.14%
2015-12-31 NT$2.29 Billion
≈ $72.15 Million		 -6.80%
2014-12-31 NT$2.46 Billion
≈ $77.41 Million		 +10.78%
2013-12-31 NT$2.22 Billion
≈ $69.88 Million		 +33.26%
2012-12-31 NT$1.66 Billion
≈ $52.44 Million		 +6.08%
2011-12-31 NT$1.57 Billion
≈ $49.43 Million		 -3.04%
2010-12-31 NT$1.62 Billion
≈ $50.98 Million		 -9.86%
2009-12-31 NT$1.80 Billion
≈ $56.56 Million		 +5.33%
2008-12-31 NT$1.70 Billion
≈ $53.70 Million		 +3.16%
2007-12-31 NT$1.65 Billion
≈ $52.05 Million		 +16.99%
2006-12-31 NT$1.41 Billion
≈ $44.49 Million		 +1.37%
2005-12-31 NT$1.39 Billion
≈ $43.89 Million		 +1.34%
2004-12-31 NT$1.37 Billion
≈ $43.31 Million		 -15.98%
2003-12-31 NT$1.64 Billion
≈ $51.55 Million		 +10.67%
2002-12-31 NT$1.48 Billion
≈ $46.58 Million		 +36.18%
2001-12-31 NT$1.09 Billion
≈ $34.20 Million		 +42.53%
2000-12-31 NT$761.71 Million
≈ $24.00 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
Local Bounti Corp
NYSE:LOCL
 $38.31 Million
Rossmax International Ltd
TWO:4121
 $38.32 Million
Shinwha Intertek Corp
KQ:056700
 $38.36 Million
United Recommend International Co Ltd
TWO:5321
 $38.37 Million
Ado Optronics
TWO:3516
 $38.28 Million
OCA Acquisition Corp
NASDAQ:OCAX
 $38.26 Million
Touax SCA
PA:TOUP
 $38.23 Million
Eureka Acquisition Corp Class A Ordinary Share
NASDAQ:EURK
 $38.22 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: 2.02x
  • 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 0.55x to 2.02x 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$20.15 x
2010-12-31 NT$32.95 NT$20.15 x
2011-12-31 NT$31.43 NT$20.15 x
2012-12-31 NT$28.83 NT$20.15 x
2013-12-31 NT$40.82 NT$20.15 x
2014-12-31 NT$43.61 NT$20.15 x
2015-12-31 NT$41.11 NT$20.15 x
2016-12-31 NT$34.64 NT$20.15 x
2017-12-31 NT$23.11 NT$20.15 x
2018-12-31 NT$22.05 NT$20.15 x
2019-12-31 NT$15.64 NT$20.15 x
2020-12-31 NT$14.68 NT$20.15 x
2021-12-31 NT$13.91 NT$20.15 x
2022-12-31 NT$14.63 NT$20.15 x
2023-12-31 NT$12.18 NT$20.15 x
2024-12-31 NT$9.99 NT$20.15 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: $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
Promise Technology Inc (3057) NT$583.88 Million 32.30% 0.49x $38.30 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 Promise Technology Inc

TW:3057 Taiwan Computer Hardware
Market Cap
$38.30 Million
NT$1.22 Billion TWD
Market Cap Rank
#22836 Global
#1437 in Taiwan
Share Price
NT$20.15
Change (1 day)
-2.66%
52-Week Range
NT$8.35 - NT$23.90
All Time High
NT$40.81
Categories
Companies in Taiwan Computer Hardware Technology AI & Machine Learning
About

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