ASRock Inc (3515) - Net Assets
Based on the latest financial reports, ASRock Inc (3515) has net assets worth NT$15.10 Billion TWD (≈ $475.71 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$27.13 Billion ≈ $854.75 Million USD) and total liabilities (NT$12.03 Billion ≈ $379.03 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 3515 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$15.10 Billion |
| % of Total Assets | 55.66% |
| Annual Growth Rate | 7.33% |
| 5-Year Change | 71.8% |
| 10-Year Change | 168.31% |
| Growth Volatility | 20.55 |
ASRock Inc - Net Assets Trend (2006–2025)
This chart illustrates how ASRock Inc's net assets have evolved over time, based on quarterly financial data. See 3515 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ASRock Inc (2006–2025)
The table below shows the annual net assets of ASRock Inc from 2006 to 2025. For live valuation and market cap data, see ASRock Inc (3515) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$15.10 Billion ≈ $475.71 Million |
+45.72% |
| 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 grown by 71.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.47 Billion | 45.60% |
| Common Stock | NT$1.24 Billion | 10.30% |
| Other Comprehensive Income | NT$1.95 Billion | 16.28% |
| Other Components | NT$3.33 Billion | 27.81% |
| Total Equity | NT$11.99 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 |
|---|---|
|
CGN Nuclear Technology Development Co Ltd
SHE:000881
|
$961.50 Million |
|
Omada Health, Inc. Common Stock
NASDAQ:OMDA
|
$961.59 Million |
|
Zhejiang Hangmin Co Ltd
SHG:600987
|
$961.99 Million |
|
Emerald Expositions Events Inc
NYSE:EEX
|
$962.15 Million |
|
Grupa Pracuj S.A.
WAR:GPP
|
$961.36 Million |
|
Nordic American Tankers Limited
NYSE:NAT
|
$961.35 Million |
|
China Animal Husbandry Industry Co Ltd
SHG:600195
|
$960.81 Million |
|
Meren Energy Inc.
NASDAQ:MRNFF
|
$960.08 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 2024 to 2025, total equity changed from 9,299,996,000 to 11,989,309,000, a change of 2,689,313,000 (28.9%).
- Net income of 1,887,688,000 contributed positively to equity growth.
- Dividend payments of 850,943,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,954,038,000.
- Other factors decreased equity by 301,470,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.89 Billion | +15.74% |
| Dividends Paid | NT$850.94 Million | -7.1% |
| Other Comprehensive Income | NT$1.95 Billion | +16.3% |
| Other Changes | NT$-301.47 Million | -2.51% |
| Total Change | NT$- | 28.92% |
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: 3.19x
- 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 6.28x to 3.19x 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$247.00 | x |
| 2007-12-31 | NT$66.71 | NT$247.00 | x |
| 2008-12-31 | NT$52.31 | NT$247.00 | x |
| 2009-12-31 | NT$54.55 | NT$247.00 | x |
| 2010-12-31 | NT$52.30 | NT$247.00 | x |
| 2011-12-31 | NT$55.38 | NT$247.00 | x |
| 2012-12-31 | NT$52.71 | NT$247.00 | x |
| 2013-12-31 | NT$54.24 | NT$247.00 | x |
| 2014-12-31 | NT$51.20 | NT$247.00 | x |
| 2015-12-31 | NT$50.60 | NT$247.00 | x |
| 2016-12-31 | NT$48.96 | NT$247.00 | x |
| 2017-12-31 | NT$48.77 | NT$247.00 | x |
| 2018-12-31 | NT$50.25 | NT$247.00 | x |
| 2019-12-31 | NT$51.08 | NT$247.00 | x |
| 2020-12-31 | NT$56.81 | NT$247.00 | x |
| 2021-12-31 | NT$67.85 | NT$247.00 | x |
| 2022-12-31 | NT$66.43 | NT$247.00 | x |
| 2023-12-31 | NT$66.46 | NT$247.00 | x |
| 2024-12-31 | NT$75.72 | NT$247.00 | x |
| 2025-12-31 | NT$77.54 | NT$247.00 | 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): 15.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.95%
- • Asset Turnover: 1.76x
- • Equity Multiplier: 2.26x
- Recent ROE (15.74%) 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 |
| 2025 | 15.74% | 3.95% | 1.76x | 2.26x | NT$688.76 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: $32,602,043,000
- Average return on equity (ROE) among peers: 4.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ASRock Inc (3515) | NT$15.10 Billion | 45.18% | 0.80x | $961.40 Million |
| Solytech Enterprise Corp (1471) | $2.65 Billion | 1.18% | 0.39x | $54.97 Million |
| Lite-On Technology Corp (2301) | $74.14 Billion | 13.51% | 1.37x | $15.02 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $195.44 Million |
| Kinpo Electronics Inc (2312) | $17.40 Billion | 0.68% | 1.29x | $1.65 Billion |
| CMC Magnetics Corp (2323) | $16.86 Billion | -6.42% | 0.39x | $386.11 Million |
| Compal Electronics Inc (2324) | $31.11 Billion | 0.00% | 0.62x | $5.12 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $9.21 Billion | 26.14% | 1.49x | $390.74 Million |
| Ritek Corp (2349) | $33.11 Billion | -3.94% | 0.65x | $298.32 Million |
| Qisda Corp (2352) | $58.96 Billion | 8.46% | 1.90x | $1.53 Billion |
| Acer Inc (2353) | $80.34 Billion | 6.14% | 1.60x | $3.31 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.