Aces Electronics Co Ltd (3605) - Net Assets
Based on the latest financial reports, Aces Electronics Co Ltd (3605) has net assets worth NT$7.38 Billion TWD (≈ $232.56 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$14.14 Billion ≈ $445.51 Million USD) and total liabilities (NT$6.76 Billion ≈ $212.95 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 Aces Electronics Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.38 Billion |
| % of Total Assets | 52.2% |
| Annual Growth Rate | 6.36% |
| 5-Year Change | 41.58% |
| 10-Year Change | 50.46% |
| Growth Volatility | 10.59 |
Aces Electronics Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Aces Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 3605 total assets for the complete picture of this company's asset base.
Annual Net Assets for Aces Electronics Co Ltd (2008–2024)
The table below shows the annual net assets of Aces Electronics Co Ltd from 2008 to 2024. For live valuation and market cap data, see market value of Aces Electronics Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.46 Billion ≈ $203.59 Million |
+22.93% |
| 2023-12-31 | NT$5.26 Billion ≈ $165.61 Million |
-7.05% |
| 2022-12-31 | NT$5.66 Billion ≈ $178.17 Million |
+2.23% |
| 2021-12-31 | NT$5.53 Billion ≈ $174.29 Million |
+21.21% |
| 2020-12-31 | NT$4.56 Billion ≈ $143.80 Million |
+5.33% |
| 2019-12-31 | NT$4.33 Billion ≈ $136.52 Million |
+1.56% |
| 2018-12-31 | NT$4.27 Billion ≈ $134.42 Million |
+0.48% |
| 2017-12-31 | NT$4.25 Billion ≈ $133.77 Million |
+0.13% |
| 2016-12-31 | NT$4.24 Billion ≈ $133.60 Million |
-1.27% |
| 2015-12-31 | NT$4.29 Billion ≈ $135.31 Million |
+3.93% |
| 2014-12-31 | NT$4.13 Billion ≈ $130.20 Million |
+9.30% |
| 2013-12-31 | NT$3.78 Billion ≈ $119.12 Million |
+7.55% |
| 2012-12-31 | NT$3.52 Billion ≈ $110.76 Million |
-7.08% |
| 2011-12-31 | NT$3.78 Billion ≈ $119.20 Million |
+10.70% |
| 2010-12-31 | NT$3.42 Billion ≈ $107.67 Million |
+6.29% |
| 2009-12-31 | NT$3.22 Billion ≈ $101.30 Million |
+33.46% |
| 2008-12-31 | NT$2.41 Billion ≈ $75.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Aces Electronics Co Ltd'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 222.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.37 Billion | 52.19% |
| Common Stock | NT$1.42 Billion | 21.96% |
| Other Comprehensive Income | NT$83.84 Million | 1.30% |
| Other Components | NT$1.59 Billion | 24.55% |
| Total Equity | NT$6.46 Billion | 100.00% |
Aces Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Aces Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Charming Medical Limited Class A Ordinary Shares
NASDAQ:MCTA
|
$445.55 Million |
|
Hangzhou Zongheng Commun
SHG:603602
|
$445.63 Million |
|
JMT Network Services Public Company Limited
BK:JMT
|
$445.89 Million |
|
Myriad Genetics Inc
NASDAQ:MYGN
|
$446.03 Million |
|
Long Yuan Construction Group Co Ltd
SHG:600491
|
$445.46 Million |
|
Unizyx Holding Corp
TW:3704
|
$445.44 Million |
|
Hubei Yingtong Telecommunication Cable Co Ltd
SHE:002861
|
$445.42 Million |
|
Archer Ltd.
LSE:0RBA
|
$445.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aces Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,254,759,000 to 6,461,160,000, a change of 1,206,401,000 (23.0%).
- Net income of 344,060,000 contributed positively to equity growth.
- Share repurchases of 210,000 reduced equity.
- Other comprehensive income increased equity by 191,409,000.
- Other factors increased equity by 671,142,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$344.06 Million | +5.33% |
| Share Repurchases | NT$210.00K | -0.0% |
| Other Comprehensive Income | NT$191.41 Million | +2.96% |
| Other Changes | NT$671.14 Million | +10.39% |
| Total Change | NT$- | 22.96% |
Book Value vs Market Value Analysis
This analysis compares Aces Electronics Co Ltd'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: 2.10x
- 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 2.60x to 2.10x 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$33.45 | NT$87.10 | x |
| 2010-12-31 | NT$25.98 | NT$87.10 | x |
| 2011-12-31 | NT$27.31 | NT$87.10 | x |
| 2012-12-31 | NT$26.18 | NT$87.10 | x |
| 2013-12-31 | NT$29.57 | NT$87.10 | x |
| 2014-12-31 | NT$32.78 | NT$87.10 | x |
| 2015-12-31 | NT$32.46 | NT$87.10 | x |
| 2016-12-31 | NT$32.16 | NT$87.10 | x |
| 2017-12-31 | NT$32.28 | NT$87.10 | x |
| 2018-12-31 | NT$33.36 | NT$87.10 | x |
| 2019-12-31 | NT$33.90 | NT$87.10 | x |
| 2020-12-31 | NT$35.92 | NT$87.10 | x |
| 2021-12-31 | NT$40.61 | NT$87.10 | x |
| 2022-12-31 | NT$38.11 | NT$87.10 | x |
| 2023-12-31 | NT$39.09 | NT$87.10 | x |
| 2024-12-31 | NT$41.55 | NT$87.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aces Electronics Co Ltd 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): 5.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.52%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.10x
- Recent ROE (5.33%) is below the historical average (9.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 27.54% | 16.97% | 0.95x | 1.70x | NT$419.82 Million |
| 2009 | 28.22% | 19.99% | 0.86x | 1.63x | NT$585.83 Million |
| 2010 | 17.51% | 13.58% | 0.72x | 1.80x | NT$256.68 Million |
| 2011 | 18.05% | 14.72% | 0.69x | 1.77x | NT$304.44 Million |
| 2012 | 6.86% | 5.43% | 0.70x | 1.80x | NT$-110.37 Million |
| 2013 | 5.09% | 4.82% | 0.62x | 1.69x | NT$-185.75 Million |
| 2014 | 10.85% | 10.85% | 0.64x | 1.56x | NT$35.14 Million |
| 2015 | 3.65% | 3.76% | 0.50x | 1.93x | NT$-259.46 Million |
| 2016 | 4.79% | 3.71% | 0.73x | 1.76x | NT$-209.40 Million |
| 2017 | 1.87% | 1.33% | 0.70x | 2.00x | NT$-326.37 Million |
| 2018 | 5.63% | 3.50% | 0.79x | 2.05x | NT$-181.99 Million |
| 2019 | 7.35% | 4.26% | 0.78x | 2.20x | NT$-112.53 Million |
| 2020 | 6.15% | 3.43% | 0.78x | 2.29x | NT$-172.98 Million |
| 2021 | 9.27% | 4.83% | 0.82x | 2.34x | NT$-40.37 Million |
| 2022 | 4.00% | 2.17% | 0.81x | 2.28x | NT$-338.39 Million |
| 2023 | -5.07% | -3.14% | 0.69x | 2.33x | NT$-792.02 Million |
| 2024 | 5.33% | 3.52% | 0.72x | 2.10x | NT$-302.06 Million |
Industry Comparison
This section compares Aces Electronics Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $192,873,822,500
- Average return on equity (ROE) among peers: 9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aces Electronics Co Ltd (3605) | NT$7.38 Billion | 27.54% | 0.92x | $445.52 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 16.02% | 0.51x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $2.80 Billion | 0.00% | 2.80x | $1.78 Billion |
| Delta Electronics Inc (2308) | $55.06 Billion | 20.58% | 0.62x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $32.37 Billion | 15.88% | 1.22x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.66 Trillion | 8.54% | 1.50x | $96.56 Billion |
| Yageo Corp (2327) | $136.62 Billion | 12.79% | 1.43x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $11.99 Billion | 5.76% | 0.72x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $15.85 Billion | 3.13% | 0.42x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.97 Billion | 7.43% | 0.24x | $642.50 Million |
About Aces Electronics Co Ltd
ACES Electronics Co., Ltd. researches, develops, manufactures, and sells electronic connectors in Taiwan, China, the Philippines, the United States, and internationally. The Company operates through the Connector, Connector Sets, Metal Stamping, and Other segments. It offers M.2, Gen Z, handy edge, MCIO, DDR5, dongle, automotive, USB 2.0, high speed connector, industrial, wire harness, socket, pe… Read more