Raydium Semi-Conductor
Raydium Semiconductor Corporation engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally. It offers large-sized solutions, such as TCON IC, a component of display panels; driver IC for use in televisions, monitors, and notebook computers; power IC for display applic… Read more
Raydium Semi-Conductor (3592) - Net Assets
Latest net assets as of September 2025: NT$11.31 Billion TWD
Based on the latest financial reports, Raydium Semi-Conductor (3592) has net assets worth NT$11.31 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$19.02 Billion) and total liabilities (NT$7.71 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$11.31 Billion |
| % of Total Assets | 59.45% |
| Annual Growth Rate | 19.93% |
| 5-Year Change | 155.72% |
| 10-Year Change | N/A |
| Growth Volatility | 34.25 |
Raydium Semi-Conductor - Net Assets Trend (2018–2024)
This chart illustrates how Raydium Semi-Conductor's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Raydium Semi-Conductor (2018–2024)
The table below shows the annual net assets of Raydium Semi-Conductor from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$12.09 Billion | +7.79% |
| 2023-12-31 | NT$11.22 Billion | -13.29% |
| 2022-12-31 | NT$12.94 Billion | +43.22% |
| 2021-12-31 | NT$9.03 Billion | +91.03% |
| 2020-12-31 | NT$4.73 Billion | +9.22% |
| 2019-12-31 | NT$4.33 Billion | +6.58% |
| 2018-12-31 | NT$4.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Raydium Semi-Conductor'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 109.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.74 Billion | 55.72% |
| Common Stock | NT$758.55 Million | 6.27% |
| Other Comprehensive Income | NT$-116.69 Million | -0.96% |
| Other Components | NT$4.71 Billion | 38.97% |
| Total Equity | NT$12.09 Billion | 100.00% |
Raydium Semi-Conductor Competitors by Market Cap
The table below lists competitors of Raydium Semi-Conductor ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RLH Properties S.A.B. de C.V
MX:RLHA
|
$407.92 Million |
|
NanJing Pharmaceutical Co Ltd
SHG:600713
|
$407.93 Million |
|
NS UTD KAIUN KAISHA LTD.
F:8WN
|
$407.96 Million |
|
Guardian Capital Group Limited
PINK:GRCGF
|
$408.08 Million |
|
TSE Co. Ltd
KQ:131290
|
$407.87 Million |
|
Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S.
IS:KLSER
|
$407.62 Million |
|
Qianjiang Yongan Pharmaceutical Co Ltd
SHE:002365
|
$407.45 Million |
|
Impulse Qingdao Health Tech Co Ltd
SHE:002899
|
$407.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Raydium Semi-Conductor's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,218,148,000 to 12,092,505,000, a change of 874,357,000 (7.8%).
- Net income of 2,098,989,000 contributed positively to equity growth.
- Dividend payments of 1,152,999,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,994,606,000.
- Other factors increased equity by 1,922,973,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.10 Billion | +17.36% |
| Dividends Paid | NT$1.15 Billion | -9.53% |
| Other Comprehensive Income | NT$-1.99 Billion | -16.49% |
| Other Changes | NT$1.92 Billion | +15.9% |
| Total Change | NT$- | 7.79% |
Book Value vs Market Value Analysis
This analysis compares Raydium Semi-Conductor'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: 1.38x
- 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 3.47x to 1.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | NT$62.54 | NT$217.00 | x |
| 2019-12-31 | NT$64.79 | NT$217.00 | x |
| 2020-12-31 | NT$70.06 | NT$217.00 | x |
| 2021-12-31 | NT$132.48 | NT$217.00 | x |
| 2022-12-31 | NT$165.42 | NT$217.00 | x |
| 2023-12-31 | NT$146.02 | NT$217.00 | x |
| 2024-12-31 | NT$156.99 | NT$217.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Raydium Semi-Conductor 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): 17.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.61%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 1.69x
- Recent ROE (17.36%) is below the historical average (22.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 13.83% | 5.13% | 1.45x | 1.86x | NT$155.64 Million |
| 2019 | 15.53% | 4.83% | 1.63x | 1.98x | NT$239.32 Million |
| 2020 | 18.11% | 5.94% | 1.55x | 1.97x | NT$383.73 Million |
| 2021 | 47.50% | 17.28% | 1.29x | 2.13x | NT$3.39 Billion |
| 2022 | 29.85% | 16.92% | 1.06x | 1.67x | NT$2.57 Billion |
| 2023 | 12.86% | 7.86% | 0.94x | 1.74x | NT$320.98 Million |
| 2024 | 17.36% | 8.61% | 1.19x | 1.69x | NT$889.74 Million |
Industry Comparison
This section compares Raydium Semi-Conductor's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Raydium Semi-Conductor (3592) | NT$11.31 Billion | 13.83% | 0.68x | $407.88 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |