Danen Technology Corp (3686) - Net Assets
Based on the latest financial reports, Danen Technology Corp (3686) has net assets worth NT$683.13 Million TWD (≈ $21.52 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$692.76 Million ≈ $21.83 Million USD) and total liabilities (NT$9.62 Million ≈ $303.24K 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 3686 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$683.13 Million |
| % of Total Assets | 98.61% |
| Annual Growth Rate | -4.46% |
| 5-Year Change | -10.83% |
| 10-Year Change | -84.1% |
| Growth Volatility | 40.28 |
Danen Technology Corp - Net Assets Trend (2009–2024)
This chart illustrates how Danen Technology Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Danen Technology Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Danen Technology Corp (2009–2024)
The table below shows the annual net assets of Danen Technology Corp from 2009 to 2024. For live valuation and market cap data, see Danen Technology Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$700.42 Million ≈ $22.07 Million |
-0.62% |
| 2023-12-31 | NT$704.78 Million ≈ $22.20 Million |
-4.00% |
| 2022-12-31 | NT$734.14 Million ≈ $23.13 Million |
-4.03% |
| 2021-12-31 | NT$764.95 Million ≈ $24.10 Million |
-2.61% |
| 2020-12-31 | NT$785.48 Million ≈ $24.75 Million |
-16.12% |
| 2019-12-31 | NT$936.45 Million ≈ $29.50 Million |
-17.50% |
| 2018-12-31 | NT$1.14 Billion ≈ $35.76 Million |
-61.93% |
| 2017-12-31 | NT$2.98 Billion ≈ $93.95 Million |
-18.81% |
| 2016-12-31 | NT$3.67 Billion ≈ $115.71 Million |
-16.65% |
| 2015-12-31 | NT$4.41 Billion ≈ $138.82 Million |
-12.02% |
| 2014-12-31 | NT$5.01 Billion ≈ $157.78 Million |
+17.33% |
| 2013-12-31 | NT$4.27 Billion ≈ $134.48 Million |
+6.68% |
| 2012-12-31 | NT$4.00 Billion ≈ $126.05 Million |
-16.32% |
| 2011-12-31 | NT$4.78 Billion ≈ $150.64 Million |
+52.47% |
| 2010-12-31 | NT$3.14 Billion ≈ $98.80 Million |
+125.80% |
| 2009-12-31 | NT$1.39 Billion ≈ $43.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Danen Technology Corp'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 28845700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$764.95 Million | 109.21% |
| Total Equity | NT$700.42 Million | 100.00% |
Danen Technology Corp Competitors by Market Cap
The table below lists competitors of Danen Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verde Clean Fuels Inc.
NASDAQ:VGAS
|
$41.45 Million |
|
Panorama Sentrawisata Tbk
JK:PANR
|
$41.46 Million |
|
Canlan Ice Sports Corp.
TO:ICE
|
$41.49 Million |
|
Doctor Care Anywhere Group Plc
AU:DOC
|
$41.51 Million |
|
Jin Yang Pharmaceutical Co. Ltd
KQ:007370
|
$41.44 Million |
|
Globalink Investment Inc
NASDAQ:GLLI
|
$41.43 Million |
|
Coastal Corporation Limited
NSE:COASTCORP
|
$41.42 Million |
|
Cherrybro co.Ltd
KQ:066360
|
$41.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Danen Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 704,782,000 to 700,422,000, a change of -4,360,000 (-0.6%).
- Net loss of 4,360,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-4.36 Million | -0.62% |
| Total Change | NT$- | -0.62% |
Book Value vs Market Value Analysis
This analysis compares Danen Technology Corp'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: 1.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.28x to 1.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$60.85 | NT$17.20 | x |
| 2010-12-31 | NT$93.39 | NT$17.20 | x |
| 2011-12-31 | NT$111.55 | NT$17.20 | x |
| 2012-12-31 | NT$89.78 | NT$17.20 | x |
| 2013-12-31 | NT$75.35 | NT$17.20 | x |
| 2014-12-31 | NT$66.24 | NT$17.20 | x |
| 2015-12-31 | NT$57.66 | NT$17.20 | x |
| 2016-12-31 | NT$48.01 | NT$17.20 | x |
| 2017-12-31 | NT$38.98 | NT$17.20 | x |
| 2018-12-31 | NT$14.84 | NT$17.20 | x |
| 2019-12-31 | NT$12.24 | NT$17.20 | x |
| 2020-12-31 | NT$10.27 | NT$17.20 | x |
| 2021-12-31 | NT$10.00 | NT$17.20 | x |
| 2022-12-31 | NT$9.60 | NT$17.20 | x |
| 2023-12-31 | NT$9.21 | NT$17.20 | x |
| 2024-12-31 | NT$9.16 | NT$17.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Danen Technology Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.28%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.02x
- Recent ROE (-0.62%) is above the historical average (-19.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -7.19% | -7.82% | 0.63x | 1.45x | NT$-238.75 Million |
| 2010 | 15.27% | 13.28% | 0.66x | 1.74x | NT$165.33 Million |
| 2011 | -6.85% | -8.46% | 0.50x | 1.63x | NT$-805.50 Million |
| 2012 | -18.99% | -84.17% | 0.14x | 1.62x | NT$-1.16 Billion |
| 2013 | -14.63% | -61.72% | 0.17x | 1.38x | NT$-1.05 Billion |
| 2014 | -10.72% | -28.97% | 0.34x | 1.10x | NT$-1.04 Billion |
| 2015 | -13.70% | -38.34% | 0.33x | 1.10x | NT$-1.04 Billion |
| 2016 | -19.98% | -53.51% | 0.35x | 1.07x | NT$-1.10 Billion |
| 2017 | -23.16% | -72.82% | 0.29x | 1.09x | NT$-988.94 Million |
| 2018 | -162.69% | -353.43% | 0.37x | 1.23x | NT$-1.96 Billion |
| 2019 | -21.50% | -160.41% | 0.10x | 1.35x | NT$-294.96 Million |
| 2020 | -19.48% | -146.39% | 0.10x | 1.38x | NT$-231.55 Million |
| 2021 | -2.86% | -8.99% | 0.30x | 1.05x | NT$-98.40 Million |
| 2022 | -4.21% | -69.63% | 0.06x | 1.01x | NT$-104.31 Million |
| 2023 | -4.16% | -71.64% | 0.06x | 1.01x | NT$-99.83 Million |
| 2024 | -0.62% | -5.28% | 0.12x | 1.02x | NT$-74.40 Million |
Industry Comparison
This section compares Danen Technology Corp's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $5,064,755,625
- Average return on equity (ROE) among peers: 2.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Danen Technology Corp (3686) | NT$683.13 Million | -7.19% | 0.01x | $41.45 Million |
| Gigastorage Corp (2406) | $5.85 Billion | 13.57% | 0.25x | $337.74 Million |
| United Renewable Energy Co Ltd (3576) | $5.51 Billion | 15.10% | 0.99x | $820.01 Million |
| Gigasolar Materials (3691) | $5.36 Billion | 3.53% | 1.30x | $341.59 Million |
| Hsinjing Holding Co Ltd (3713) | $668.40 Million | -3.17% | 3.10x | $41.21 Million |
| Tainergy Tech Co Ltd (4934) | $1.88 Billion | -4.81% | 1.40x | $112.71 Million |
| Motech Industries Co Ltd (6244) | $14.52 Billion | -4.39% | 1.31x | $334.11 Million |
| TSEC Corp (6443) | $3.23 Billion | -6.21% | 1.43x | $571.11 Million |
| ANJI Technology Co. Ltd (6477) | $3.50 Billion | 4.27% | 1.25x | $130.26 Million |
About Danen Technology Corp
Danen Technology Corporation manufactures and sells solar ingots and wafers for photovoltaic applications in Taiwan. The company offers multi-crystalline solar wafers, ingots, and bricks; and customized services. It also provides renewable energy equipment power generation and energy technology consulting services. The company serves solar cell companies. Danen Technology Corporation was incorpor… Read more