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 Aces Electronics Co Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see how much is Aces Electronics Co Ltd worth.
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. Also explore Aces Electronics Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.
| 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 |
|---|---|
|
Zhejiang Founder Motor Co Ltd
SHE:002196
|
$716.18 Million |
|
Media and Games Invest PLC
XETRA:M8G
|
$716.45 Million |
|
Jiangxi Sanchuan Water Meter
SHE:300066
|
$716.81 Million |
|
Vgi Partners Global Investments Ltd
AU:VG1
|
$716.93 Million |
|
Jinxi Axle Co Ltd
SHG:600495
|
$716.03 Million |
|
Shanghai Yanpu Metal Products Co Ltd
SHG:605128
|
$715.87 Million |
|
Shenyang Blue Silver Ind Auto
SHE:300293
|
$715.62 Million |
|
Shanghai Pudong Road & Bridge Construction Co Ltd
SHG:600284
|
$715.57 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: 3.37x
- 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 4.19x to 3.37x 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$140.00 | x |
| 2010-12-31 | NT$25.98 | NT$140.00 | x |
| 2011-12-31 | NT$27.31 | NT$140.00 | x |
| 2012-12-31 | NT$26.18 | NT$140.00 | x |
| 2013-12-31 | NT$29.57 | NT$140.00 | x |
| 2014-12-31 | NT$32.78 | NT$140.00 | x |
| 2015-12-31 | NT$32.46 | NT$140.00 | x |
| 2016-12-31 | NT$32.16 | NT$140.00 | x |
| 2017-12-31 | NT$32.28 | NT$140.00 | x |
| 2018-12-31 | NT$33.36 | NT$140.00 | x |
| 2019-12-31 | NT$33.90 | NT$140.00 | x |
| 2020-12-31 | NT$35.92 | NT$140.00 | x |
| 2021-12-31 | NT$40.61 | NT$140.00 | x |
| 2022-12-31 | NT$38.11 | NT$140.00 | x |
| 2023-12-31 | NT$39.09 | NT$140.00 | x |
| 2024-12-31 | NT$41.55 | NT$140.00 | 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: $172,253,705,800
- Average return on equity (ROE) among peers: 6.98%
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 | $716.10 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 15.38% | 0.77x | $317.71 Million |
| Fulltech Fiber Glass (1815) | $2.80 Billion | 0.00% | 2.80x | $1.94 Billion |
| Delta Electronics Inc (2308) | $279.57 Billion | 12.60% | 0.90x | $139.94 Billion |
| Compeq Manufacturing Co Ltd (2313) | $32.37 Billion | 15.88% | 1.22x | $8.45 Billion |
| WUS Printed Circuit Co Ltd (2316) | $5.86 Billion | -8.61% | 1.01x | $906.02 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.34 Trillion | 9.66% | 1.53x | $109.10 Billion |
| Yageo Corp (2327) | $31.87 Billion | 13.01% | 0.58x | $35.20 Billion |
| Pan-International Industrial Corp (2328) | $5.27 Billion | 2.95% | 0.28x | $747.13 Million |
| Chin-Poon Industrial Co Ltd (2355) | $17.23 Billion | 6.57% | 0.37x | $509.70 Million |
| Solomon Technology Corp (2359) | $6.25 Billion | 2.31% | 0.59x | $699.19 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