Min Aik Technology Co Ltd (3060) - Net Assets
Based on the latest financial reports, Min Aik Technology Co Ltd (3060) has net assets worth NT$2.54 Billion TWD (≈ $80.08 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$4.36 Billion ≈ $137.39 Million USD) and total liabilities (NT$1.82 Billion ≈ $57.32 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 financial resilience of Min Aik Technology Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.54 Billion |
| % of Total Assets | 58.28% |
| Annual Growth Rate | 3.66% |
| 5-Year Change | -6.17% |
| 10-Year Change | -48.21% |
| Growth Volatility | 17.1 |
Min Aik Technology Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Min Aik Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Min Aik Technology Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Min Aik Technology Co Ltd (2002–2024)
The table below shows the annual net assets of Min Aik Technology Co Ltd from 2002 to 2024. For live valuation and market cap data, see Min Aik Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.71 Billion ≈ $85.34 Million |
+7.51% |
| 2023-12-31 | NT$2.52 Billion ≈ $79.37 Million |
-12.14% |
| 2022-12-31 | NT$2.87 Billion ≈ $90.35 Million |
-1.40% |
| 2021-12-31 | NT$2.91 Billion ≈ $91.63 Million |
+0.75% |
| 2020-12-31 | NT$2.89 Billion ≈ $90.95 Million |
-10.74% |
| 2019-12-31 | NT$3.23 Billion ≈ $101.89 Million |
-14.43% |
| 2018-12-31 | NT$3.78 Billion ≈ $119.08 Million |
-9.88% |
| 2017-12-31 | NT$4.19 Billion ≈ $132.13 Million |
-12.65% |
| 2016-12-31 | NT$4.80 Billion ≈ $151.27 Million |
-8.19% |
| 2015-12-31 | NT$5.23 Billion ≈ $164.77 Million |
-0.74% |
| 2014-12-31 | NT$5.27 Billion ≈ $165.99 Million |
+9.54% |
| 2013-12-31 | NT$4.81 Billion ≈ $151.54 Million |
-0.95% |
| 2012-12-31 | NT$4.86 Billion ≈ $152.99 Million |
+15.18% |
| 2011-12-31 | NT$4.22 Billion ≈ $132.83 Million |
-7.56% |
| 2010-12-31 | NT$4.56 Billion ≈ $143.68 Million |
+46.50% |
| 2009-12-31 | NT$3.11 Billion ≈ $98.08 Million |
+18.02% |
| 2008-12-31 | NT$2.64 Billion ≈ $83.10 Million |
-18.65% |
| 2007-12-31 | NT$3.24 Billion ≈ $102.16 Million |
+39.17% |
| 2006-12-31 | NT$2.33 Billion ≈ $73.41 Million |
+16.64% |
| 2005-12-31 | NT$2.00 Billion ≈ $62.94 Million |
+10.32% |
| 2004-12-31 | NT$1.81 Billion ≈ $57.05 Million |
+16.26% |
| 2003-12-31 | NT$1.56 Billion ≈ $49.07 Million |
+26.90% |
| 2002-12-31 | NT$1.23 Billion ≈ $38.67 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Min Aik Technology Co Ltd'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 176.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$605.30 Million | 22.39% |
| Common Stock | NT$1.38 Billion | 50.88% |
| Other Comprehensive Income | NT$-709.76 Million | -26.25% |
| Other Components | NT$1.43 Billion | 52.98% |
| Total Equity | NT$2.70 Billion | 100.00% |
Min Aik Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Min Aik Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tidewater Midstream and Infrastructure Ltd
TO:TWM
|
$121.58 Million |
|
Net Insight AB (publ)
ST:NETI-B
|
$121.62 Million |
|
Selectquote Inc
NYSE:SLQT
|
$121.64 Million |
|
FinLab AG
F:A7A
|
$121.66 Million |
|
Tavia Acquisition Corp. Ordinary Shares
NASDAQ:TAVI
|
$121.56 Million |
|
SaraminHR Co.Ltd
KQ:143240
|
$121.52 Million |
|
China Electric Manufacturing Corp
TW:1611
|
$121.51 Million |
|
SENFONG
KLSE:5308
|
$121.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Min Aik Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,515,802,000 to 2,703,502,000, a change of 187,700,000 (7.5%).
- Net income of 62,442,000 contributed positively to equity growth.
- Dividend payments of 34,391,000 reduced retained earnings.
- Other comprehensive income decreased equity by 600,937,000.
- Other factors increased equity by 760,586,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$62.44 Million | +2.31% |
| Dividends Paid | NT$34.39 Million | -1.27% |
| Other Comprehensive Income | NT$-600.94 Million | -22.23% |
| Other Changes | NT$760.59 Million | +28.13% |
| Total Change | NT$- | 7.46% |
Book Value vs Market Value Analysis
This analysis compares Min Aik Technology Co Ltd'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: 1.43x
- 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 1.72x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$16.28 | NT$28.05 | x |
| 2007-12-31 | NT$16.26 | NT$28.05 | x |
| 2008-12-31 | NT$16.99 | NT$28.05 | x |
| 2009-12-31 | NT$19.94 | NT$28.05 | x |
| 2010-12-31 | NT$26.26 | NT$28.05 | x |
| 2011-12-31 | NT$22.98 | NT$28.05 | x |
| 2012-12-31 | NT$26.57 | NT$28.05 | x |
| 2013-12-31 | NT$26.40 | NT$28.05 | x |
| 2014-12-31 | NT$28.83 | NT$28.05 | x |
| 2015-12-31 | NT$28.49 | NT$28.05 | x |
| 2016-12-31 | NT$26.11 | NT$28.05 | x |
| 2017-12-31 | NT$24.93 | NT$28.05 | x |
| 2018-12-31 | NT$26.14 | NT$28.05 | x |
| 2019-12-31 | NT$22.95 | NT$28.05 | x |
| 2020-12-31 | NT$20.65 | NT$28.05 | x |
| 2021-12-31 | NT$20.75 | NT$28.05 | x |
| 2022-12-31 | NT$20.64 | NT$28.05 | x |
| 2023-12-31 | NT$18.29 | NT$28.05 | x |
| 2024-12-31 | NT$19.67 | NT$28.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Min Aik Technology Co Ltd 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): 2.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.78%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.67x
- Recent ROE (2.31%) is below the historical average (10.62%), 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 | 17.81% | 7.97% | 1.27x | 1.76x | NT$95.92 Million |
| 2003 | 28.40% | 9.89% | 1.45x | 1.97x | NT$286.59 Million |
| 2004 | 28.38% | 9.82% | 1.54x | 1.88x | NT$319.94 Million |
| 2005 | 24.33% | 7.03% | 1.28x | 2.70x | NT$258.40 Million |
| 2006 | 26.94% | 5.61% | 1.55x | 3.11x | NT$344.19 Million |
| 2007 | 20.65% | 3.81% | 1.63x | 3.33x | NT$253.64 Million |
| 2008 | 20.78% | 4.07% | 1.88x | 2.72x | NT$277.91 Million |
| 2009 | 13.77% | 3.47% | 1.53x | 2.58x | NT$106.84 Million |
| 2010 | 21.76% | 7.49% | 1.48x | 1.96x | NT$503.54 Million |
| 2011 | 5.85% | 2.32% | 1.46x | 1.73x | NT$-166.67 Million |
| 2012 | 21.88% | 14.96% | 0.95x | 1.53x | NT$552.55 Million |
| 2013 | 11.16% | 7.85% | 0.94x | 1.52x | NT$53.63 Million |
| 2014 | 14.41% | 10.08% | 0.94x | 1.52x | NT$221.80 Million |
| 2015 | 15.10% | 9.25% | 1.02x | 1.60x | NT$254.91 Million |
| 2016 | 4.68% | 2.56% | 1.03x | 1.77x | NT$-242.95 Million |
| 2017 | 1.37% | 0.71% | 1.06x | 1.82x | NT$-342.64 Million |
| 2018 | -9.15% | -4.85% | 1.05x | 1.80x | NT$-688.88 Million |
| 2019 | -14.95% | -8.73% | 0.99x | 1.72x | NT$-787.61 Million |
| 2020 | -9.92% | -7.24% | 0.83x | 1.64x | NT$-565.63 Million |
| 2021 | 6.51% | 4.49% | 0.81x | 1.78x | NT$-100.05 Million |
| 2022 | 0.72% | 0.64% | 0.73x | 1.56x | NT$-264.02 Million |
| 2023 | -8.57% | -8.12% | 0.64x | 1.65x | NT$-467.23 Million |
| 2024 | 2.31% | 1.78% | 0.78x | 1.67x | NT$-207.91 Million |
Industry Comparison
This section compares Min Aik Technology Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Min Aik Technology Co Ltd (3060) | NT$2.54 Billion | 17.81% | 0.72x | $121.57 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Min Aik Technology Co Ltd
Min Aik Technology Co., Ltd. researches, designs, manufactures, and sells hard disk drive, plastic camera, CD ROM drive, and mechanical components for optical devices in Taiwan, Thailand, Singapore, the United States, and internationally. The company offers OEM/ODM products comprising pixel shifting actuator technology, consumer electronics, precision components and assemblies, and medical device… Read more