Vivotek Inc (3454) - Net Assets
Based on the latest financial reports, Vivotek Inc (3454) has net assets worth NT$3.30 Billion TWD (≈ $104.06 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$5.37 Billion ≈ $169.10 Million USD) and total liabilities (NT$2.06 Billion ≈ $65.04 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 Vivotek Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.30 Billion |
| % of Total Assets | 61.54% |
| Annual Growth Rate | 11.84% |
| 5-Year Change | 24.64% |
| 10-Year Change | 34.26% |
| Growth Volatility | 21.07 |
Vivotek Inc - Net Assets Trend (2004–2024)
This chart illustrates how Vivotek Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Vivotek Inc for the complete picture of this company's asset base.
Annual Net Assets for Vivotek Inc (2004–2024)
The table below shows the annual net assets of Vivotek Inc from 2004 to 2024. For live valuation and market cap data, see Vivotek Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.61 Billion ≈ $113.86 Million |
+0.11% |
| 2023-12-31 | NT$3.61 Billion ≈ $113.74 Million |
+0.34% |
| 2022-12-31 | NT$3.60 Billion ≈ $113.35 Million |
+21.80% |
| 2021-12-31 | NT$2.95 Billion ≈ $93.06 Million |
+1.87% |
| 2020-12-31 | NT$2.90 Billion ≈ $91.35 Million |
-0.48% |
| 2019-12-31 | NT$2.91 Billion ≈ $91.79 Million |
+2.19% |
| 2018-12-31 | NT$2.85 Billion ≈ $89.82 Million |
-1.97% |
| 2017-12-31 | NT$2.91 Billion ≈ $91.63 Million |
+0.79% |
| 2016-12-31 | NT$2.89 Billion ≈ $90.92 Million |
+7.21% |
| 2015-12-31 | NT$2.69 Billion ≈ $84.80 Million |
+8.35% |
| 2014-12-31 | NT$2.48 Billion ≈ $78.27 Million |
+9.14% |
| 2013-12-31 | NT$2.28 Billion ≈ $71.71 Million |
+18.88% |
| 2012-12-31 | NT$1.91 Billion ≈ $60.32 Million |
+16.91% |
| 2011-12-31 | NT$1.64 Billion ≈ $51.60 Million |
+31.51% |
| 2010-12-31 | NT$1.25 Billion ≈ $39.23 Million |
+23.57% |
| 2009-12-31 | NT$1.01 Billion ≈ $31.75 Million |
+7.42% |
| 2008-12-31 | NT$938.12 Million ≈ $29.56 Million |
-10.76% |
| 2007-12-31 | NT$1.05 Billion ≈ $33.12 Million |
-1.92% |
| 2006-12-31 | NT$1.07 Billion ≈ $33.77 Million |
+81.41% |
| 2005-12-31 | NT$590.77 Million ≈ $18.61 Million |
+53.15% |
| 2004-12-31 | NT$385.74 Million ≈ $12.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vivotek 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 grown by 1631.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.48 Billion | 41.94% |
| Common Stock | NT$865.68 Million | 24.45% |
| Other Components | NT$1.19 Billion | 33.60% |
| Total Equity | NT$3.54 Billion | 100.00% |
Vivotek Inc Competitors by Market Cap
The table below lists competitors of Vivotek Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
T-Robotics.Co.Ltd
KQ:117730
|
$271.11 Million |
|
STP&I Public Company Limited
BK:STPI
|
$271.14 Million |
|
Cellectis
PA:ALCLS
|
$271.40 Million |
|
Panora Gayrimenkul Yatirim Ortakligi AS
IS:PAGYO
|
$271.44 Million |
|
Dexus Convenience Retail REIT
AU:DXC
|
$270.97 Million |
|
Groenlandsbanken AS
CO:GRLA
|
$270.92 Million |
|
JINSUNG T.E.C. Inc
KQ:036890
|
$270.88 Million |
|
Waffer Technology Corp
TW:6235
|
$270.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vivotek Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,540,981,000 to 3,539,992,000, a change of -989,000 (-0.0%).
- Net income of 295,633,000 contributed positively to equity growth.
- Dividend payments of 328,958,000 reduced retained earnings.
- Other comprehensive income decreased equity by 642,496,000.
- Other factors increased equity by 674,832,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$295.63 Million | +8.35% |
| Dividends Paid | NT$328.96 Million | -9.29% |
| Other Comprehensive Income | NT$-642.50 Million | -18.15% |
| Other Changes | NT$674.83 Million | +19.06% |
| Total Change | NT$- | -0.03% |
Book Value vs Market Value Analysis
This analysis compares Vivotek 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: 2.44x
- 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 7.89x to 2.44x 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$12.60 | NT$99.40 | x |
| 2010-12-31 | NT$14.88 | NT$99.40 | x |
| 2011-12-31 | NT$19.11 | NT$99.40 | x |
| 2012-12-31 | NT$22.35 | NT$99.40 | x |
| 2013-12-31 | NT$26.23 | NT$99.40 | x |
| 2014-12-31 | NT$27.48 | NT$99.40 | x |
| 2015-12-31 | NT$29.46 | NT$99.40 | x |
| 2016-12-31 | NT$31.64 | NT$99.40 | x |
| 2017-12-31 | NT$32.32 | NT$99.40 | x |
| 2018-12-31 | NT$32.00 | NT$99.40 | x |
| 2019-12-31 | NT$33.19 | NT$99.40 | x |
| 2020-12-31 | NT$33.19 | NT$99.40 | x |
| 2021-12-31 | NT$33.42 | NT$99.40 | x |
| 2022-12-31 | NT$40.52 | NT$99.40 | x |
| 2023-12-31 | NT$40.69 | NT$99.40 | x |
| 2024-12-31 | NT$40.69 | NT$99.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vivotek 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): 8.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.03%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 1.79x
- Recent ROE (8.35%) is below the historical average (17.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 25.59% | 19.47% | 0.98x | 1.34x | NT$60.13 Million |
| 2005 | 33.13% | 21.60% | 1.15x | 1.34x | NT$136.63 Million |
| 2006 | 19.93% | 19.60% | 0.85x | 1.19x | NT$106.46 Million |
| 2007 | 17.91% | 15.63% | 0.98x | 1.17x | NT$83.11 Million |
| 2008 | 10.96% | 8.59% | 1.03x | 1.24x | NT$8.88 Million |
| 2009 | 8.30% | 7.27% | 0.79x | 1.45x | NT$-16.60 Million |
| 2010 | 16.02% | 11.14% | 1.06x | 1.35x | NT$73.61 Million |
| 2011 | 27.85% | 15.84% | 1.29x | 1.36x | NT$291.78 Million |
| 2012 | 29.93% | 16.59% | 1.27x | 1.42x | NT$383.38 Million |
| 2013 | 32.43% | 17.61% | 1.29x | 1.43x | NT$501.01 Million |
| 2014 | 15.60% | 9.99% | 1.13x | 1.38x | NT$132.11 Million |
| 2015 | 18.50% | 11.46% | 1.14x | 1.42x | NT$218.04 Million |
| 2016 | 18.88% | 10.85% | 1.22x | 1.43x | NT$244.97 Million |
| 2017 | 15.33% | 7.32% | 1.36x | 1.54x | NT$149.63 Million |
| 2018 | 11.82% | 6.29% | 1.17x | 1.60x | NT$50.74 Million |
| 2019 | 9.53% | 4.18% | 1.42x | 1.60x | NT$-13.45 Million |
| 2020 | 8.65% | 4.52% | 1.17x | 1.64x | NT$-39.18 Million |
| 2021 | 6.48% | 3.45% | 1.02x | 1.84x | NT$-102.33 Million |
| 2022 | 19.90% | 7.06% | 1.41x | 2.00x | NT$349.28 Million |
| 2023 | 13.82% | 5.34% | 1.43x | 1.81x | NT$135.17 Million |
| 2024 | 8.35% | 4.03% | 1.16x | 1.79x | NT$-58.37 Million |
Industry Comparison
This section compares Vivotek Inc's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $3,198,422,286
- Average return on equity (ROE) among peers: 7.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vivotek Inc (3454) | NT$3.30 Billion | 25.59% | 0.63x | $271.10 Million |
| Everspring Industry Co Ltd (2390) | $2.60 Billion | 1.96% | 0.32x | $57.41 Million |
| Hi Sharp Electronics Co Ltd (3128) | $651.04 Million | 5.70% | 0.88x | $35.33 Million |
| Hunt Electronic Co Ltd (3297) | $704.01 Million | -3.13% | 0.24x | $36.12 Million |
| GeoVision Inc (3356) | $1.76 Billion | 9.03% | 0.40x | $138.77 Million |
| EverFocus Electronics Corp (5484) | $1.38 Billion | 5.82% | 0.47x | $79.87 Million |
| Taiwan Secom Co Ltd (9917) | $8.48 Billion | 16.37% | 0.36x | $1.59 Billion |
| Taiwan Shin Kong Security Co Ltd (9925) | $6.81 Billion | 13.49% | 0.48x | $489.03 Million |
About Vivotek Inc
Vivotek Inc., together with its subsidiaries, engages in the manufacturing and sale of network cameras, video management software, and cloud services in Taiwan, the United States, Canada, the Netherlands, and internationally. The company offers network cameras, including 180 degree panoramic, 360 degree fisheye, multi-sensor, fixed dome, bullet, thermal bullet, box, mobile dome, speed dome, split… Read more