ASRock Inc (3515) - Net Assets
Based on the latest financial reports, ASRock Inc (3515) has net assets worth NT$11.04 Billion TWD (≈ $347.83 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$22.59 Billion ≈ $711.68 Million USD) and total liabilities (NT$11.55 Billion ≈ $363.85 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 how resilient are ASRock Inc's assets to evaluate the company's liquid asset resilience ratio.
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. Also explore total assets of ASRock Inc for the complete picture of this company's asset base.
Annual Net Assets for ASRock Inc (2006–2024)
The table below shows the annual net assets of ASRock Inc from 2006 to 2024. For live valuation and market cap data, see ASRock Inc (3515) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.36 Billion ≈ $326.45 Million |
+16.64% |
| 2023-12-31 | NT$8.88 Billion ≈ $279.87 Million |
-0.12% |
| 2022-12-31 | NT$8.89 Billion ≈ $280.21 Million |
+1.20% |
| 2021-12-31 | NT$8.79 Billion ≈ $276.90 Million |
+20.26% |
| 2020-12-31 | NT$7.31 Billion ≈ $230.26 Million |
+13.23% |
| 2019-12-31 | NT$6.45 Billion ≈ $203.35 Million |
+5.61% |
| 2018-12-31 | NT$6.11 Billion ≈ $192.55 Million |
+7.37% |
| 2017-12-31 | NT$5.69 Billion ≈ $179.33 Million |
+1.15% |
| 2016-12-31 | NT$5.63 Billion ≈ $177.30 Million |
-3.91% |
| 2015-12-31 | NT$5.86 Billion ≈ $184.51 Million |
-1.78% |
| 2014-12-31 | NT$5.96 Billion ≈ $187.86 Million |
-6.06% |
| 2013-12-31 | NT$6.35 Billion ≈ $199.99 Million |
+3.75% |
| 2012-12-31 | NT$6.12 Billion ≈ $192.77 Million |
-5.06% |
| 2011-12-31 | NT$6.44 Billion ≈ $203.05 Million |
+6.17% |
| 2010-12-31 | NT$6.07 Billion ≈ $191.25 Million |
-3.77% |
| 2009-12-31 | NT$6.31 Billion ≈ $198.74 Million |
+3.11% |
| 2008-12-31 | NT$6.12 Billion ≈ $192.76 Million |
-12.95% |
| 2007-12-31 | NT$7.03 Billion ≈ $221.43 Million |
+78.50% |
| 2006-12-31 | NT$3.94 Billion ≈ $124.05 Million |
-- |
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 |
|---|---|
|
China Resources and Environment Co Ltd
SHG:600217
|
$916.90 Million |
|
SKF India Limited
NSE:SKFINDIA
|
$916.93 Million |
|
Sun Create Electronics Co., Ltd
SHG:600990
|
$917.10 Million |
|
Dashang Co Ltd
SHG:600694
|
$917.10 Million |
|
Hunan Jingfeng Pharmaceutical
SHE:000908
|
$916.62 Million |
|
Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira
SA:INTB3
|
$916.53 Million |
|
Changzhou Tenglong Auto Parts
SHG:603158
|
$916.36 Million |
|
Guangxi Wuzhou Communications Co Ltd
SHG:600368
|
$916.26 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: 3.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.99x to 3.11x 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$235.50 | x |
| 2007-12-31 | NT$66.71 | NT$235.50 | x |
| 2008-12-31 | NT$52.31 | NT$235.50 | x |
| 2009-12-31 | NT$54.55 | NT$235.50 | x |
| 2010-12-31 | NT$52.30 | NT$235.50 | x |
| 2011-12-31 | NT$55.38 | NT$235.50 | x |
| 2012-12-31 | NT$52.71 | NT$235.50 | x |
| 2013-12-31 | NT$54.24 | NT$235.50 | x |
| 2014-12-31 | NT$51.20 | NT$235.50 | x |
| 2015-12-31 | NT$50.60 | NT$235.50 | x |
| 2016-12-31 | NT$48.96 | NT$235.50 | x |
| 2017-12-31 | NT$48.77 | NT$235.50 | x |
| 2018-12-31 | NT$50.25 | NT$235.50 | x |
| 2019-12-31 | NT$51.08 | NT$235.50 | x |
| 2020-12-31 | NT$56.81 | NT$235.50 | x |
| 2021-12-31 | NT$67.85 | NT$235.50 | x |
| 2022-12-31 | NT$66.43 | NT$235.50 | x |
| 2023-12-31 | NT$66.46 | NT$235.50 | x |
| 2024-12-31 | NT$75.72 | NT$235.50 | 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: $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 |
|---|---|---|---|---|
| ASRock Inc (3515) | NT$11.04 Billion | 45.18% | 1.05x | $916.66 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 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.