ASRock Inc
ASROCK Incorporation designs, develops, and sells motherboards in Asia, Europe, America, and internationally. The company also offers graphic cards, gaming monitors, power supply, servers/WS, and mini and industrial PCs. In addition, it engages in the service of computer software; and rental of office buildings. ASROCK Incorporation was founded in 2002 and is headquartered in Taipei, Taiwan.
ASRock Inc (3515) - Net Assets
Latest net assets as of September 2025: NT$11.04 Billion TWD
Based on the latest financial reports, ASRock Inc (3515) has net assets worth NT$11.04 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$22.59 Billion) and total liabilities (NT$11.55 Billion). 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$11.04 Billion |
| % of Total Assets | 48.87% |
| Annual Growth Rate | 5.52% |
| 5-Year Change | 41.78% |
| 10-Year Change | 76.92% |
| Growth Volatility | 19.14 |
ASRock Inc - Net Assets Trend (2006–2024)
This chart illustrates how ASRock 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 ASRock Inc (2006–2024)
The table below shows the annual net assets of ASRock Inc from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.36 Billion | +16.64% |
| 2023-12-31 | NT$8.88 Billion | -0.12% |
| 2022-12-31 | NT$8.89 Billion | +1.20% |
| 2021-12-31 | NT$8.79 Billion | +20.26% |
| 2020-12-31 | NT$7.31 Billion | +13.23% |
| 2019-12-31 | NT$6.45 Billion | +5.61% |
| 2018-12-31 | NT$6.11 Billion | +7.37% |
| 2017-12-31 | NT$5.69 Billion | +1.15% |
| 2016-12-31 | NT$5.63 Billion | -3.91% |
| 2015-12-31 | NT$5.86 Billion | -1.78% |
| 2014-12-31 | NT$5.96 Billion | -6.06% |
| 2013-12-31 | NT$6.35 Billion | +3.75% |
| 2012-12-31 | NT$6.12 Billion | -5.06% |
| 2011-12-31 | NT$6.44 Billion | +6.17% |
| 2010-12-31 | NT$6.07 Billion | -3.77% |
| 2009-12-31 | NT$6.31 Billion | +3.11% |
| 2008-12-31 | NT$6.12 Billion | -12.95% |
| 2007-12-31 | NT$7.03 Billion | +78.50% |
| 2006-12-31 | NT$3.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ASRock 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 24.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.40 Billion | 25.77% |
| Common Stock | NT$1.24 Billion | 13.29% |
| Other Comprehensive Income | NT$-1.67 Million | -0.02% |
| Other Components | NT$5.67 Billion | 60.95% |
| Total Equity | NT$9.30 Billion | 100.00% |
ASRock Inc Competitors by Market Cap
The table below lists competitors of ASRock Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Resun Co Ltd
SHE:001218
|
$278.75 Million |
|
APG SGA SA
SW:APGN
|
$278.75 Million |
|
Takara Bio Inc
F:TF2
|
$278.76 Million |
|
Primis Financial Corp
NASDAQ:FRST
|
$278.81 Million |
|
Jiangsu Holly Corp
SHG:600128
|
$278.62 Million |
|
Tanla Platforms Limited
NSE:TANLA
|
$278.61 Million |
|
Hangzhou Weiguang Electronic Co Ltd
SHE:002801
|
$278.49 Million |
|
Liaoning Fu-An
SHG:603315
|
$278.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ASRock Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,122,904,000 to 9,299,996,000, a change of 1,177,092,000 (14.5%).
- Net income of 1,288,775,000 contributed positively to equity growth.
- Dividend payments of 904,190,000 reduced retained earnings.
- Other comprehensive income increased equity by 165,014,000.
- Other factors increased equity by 627,493,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.29 Billion | +13.86% |
| Dividends Paid | NT$904.19 Million | -9.72% |
| Other Comprehensive Income | NT$165.01 Million | +1.77% |
| Other Changes | NT$627.49 Million | +6.75% |
| Total Change | NT$- | 14.49% |
Book Value vs Market Value Analysis
This analysis compares ASRock 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: 2.85x
- 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 5.49x to 2.85x 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$39.32 | NT$216.00 | x |
| 2007-12-31 | NT$66.71 | NT$216.00 | x |
| 2008-12-31 | NT$52.31 | NT$216.00 | x |
| 2009-12-31 | NT$54.55 | NT$216.00 | x |
| 2010-12-31 | NT$52.30 | NT$216.00 | x |
| 2011-12-31 | NT$55.38 | NT$216.00 | x |
| 2012-12-31 | NT$52.71 | NT$216.00 | x |
| 2013-12-31 | NT$54.24 | NT$216.00 | x |
| 2014-12-31 | NT$51.20 | NT$216.00 | x |
| 2015-12-31 | NT$50.60 | NT$216.00 | x |
| 2016-12-31 | NT$48.96 | NT$216.00 | x |
| 2017-12-31 | NT$48.77 | NT$216.00 | x |
| 2018-12-31 | NT$50.25 | NT$216.00 | x |
| 2019-12-31 | NT$51.08 | NT$216.00 | x |
| 2020-12-31 | NT$56.81 | NT$216.00 | x |
| 2021-12-31 | NT$67.85 | NT$216.00 | x |
| 2022-12-31 | NT$66.43 | NT$216.00 | x |
| 2023-12-31 | NT$66.46 | NT$216.00 | x |
| 2024-12-31 | NT$75.72 | NT$216.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ASRock 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): 13.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.02%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 2.11x
- Recent ROE (13.86%) is below the historical average (15.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 45.18% | 13.02% | 2.20x | 1.58x | NT$1.39 Billion |
| 2007 | 23.80% | 17.75% | 1.13x | 1.18x | NT$969.99 Million |
| 2008 | 11.05% | 11.43% | 0.81x | 1.19x | NT$64.29 Million |
| 2009 | 17.71% | 11.61% | 1.10x | 1.39x | NT$486.10 Million |
| 2010 | 18.52% | 11.27% | 1.23x | 1.33x | NT$517.40 Million |
| 2011 | 20.29% | 12.12% | 1.19x | 1.41x | NT$662.97 Million |
| 2012 | 16.92% | 9.72% | 1.26x | 1.39x | NT$423.64 Million |
| 2013 | 16.87% | 10.24% | 1.15x | 1.43x | NT$432.16 Million |
| 2014 | 8.54% | 5.68% | 1.16x | 1.30x | NT$-86.46 Million |
| 2015 | 4.11% | 3.34% | 0.89x | 1.39x | NT$-344.37 Million |
| 2016 | 2.82% | 2.24% | 0.88x | 1.43x | NT$-406.22 Million |
| 2017 | 8.20% | 5.09% | 1.03x | 1.57x | NT$-103.22 Million |
| 2018 | 9.70% | 5.82% | 1.09x | 1.53x | NT$-18.61 Million |
| 2019 | 9.64% | 4.45% | 1.31x | 1.66x | NT$-22.26 Million |
| 2020 | 19.75% | 7.61% | 1.53x | 1.70x | NT$672.96 Million |
| 2021 | 28.79% | 12.05% | 1.24x | 1.92x | NT$1.55 Billion |
| 2022 | 13.02% | 6.23% | 1.16x | 1.80x | NT$247.01 Million |
| 2023 | 11.31% | 4.84% | 1.32x | 1.77x | NT$106.75 Million |
| 2024 | 13.86% | 5.02% | 1.31x | 2.11x | NT$358.78 Million |
Industry Comparison
This section compares ASRock 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 |
|---|---|---|---|---|
| ASRock Inc (3515) | NT$11.04 Billion | 45.18% | 1.05x | $278.75 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 |