ASE Industrial Holding Co Ltd (3711) - Net Assets
Based on the latest financial reports, ASE Industrial Holding Co Ltd (3711) has net assets worth NT$381.14 Billion TWD (≈ $12.01 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$957.53 Billion ≈ $30.17 Billion USD) and total liabilities (NT$576.38 Billion ≈ $18.16 Billion 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 tangible net worth ratio of ASE Industrial Holding Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$381.14 Billion |
| % of Total Assets | 39.81% |
| Annual Growth Rate | 9.46% |
| 5-Year Change | 35.95% |
| 10-Year Change | 120.18% |
| Growth Volatility | 14.96 |
ASE Industrial Holding Co Ltd - Net Assets Trend (1999–2025)
This chart illustrates how ASE Industrial Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of ASE Industrial Holding Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ASE Industrial Holding Co Ltd (1999–2025)
The table below shows the annual net assets of ASE Industrial Holding Co Ltd from 1999 to 2025. For live valuation and market cap data, see 3711 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$373.37 Billion ≈ $11.76 Billion |
+9.09% |
| 2024-12-31 | NT$342.27 Billion ≈ $10.78 Billion |
+7.60% |
| 2023-12-31 | NT$318.11 Billion ≈ $10.02 Billion |
-0.57% |
| 2022-12-31 | NT$319.93 Billion ≈ $10.08 Billion |
+16.49% |
| 2021-12-31 | NT$274.63 Billion ≈ $8.65 Billion |
+17.24% |
| 2020-12-31 | NT$234.26 Billion ≈ $7.38 Billion |
+9.29% |
| 2019-12-31 | NT$214.35 Billion ≈ $6.75 Billion |
-2.87% |
| 2018-12-31 | NT$220.67 Billion ≈ $6.95 Billion |
+8.17% |
| 2017-12-31 | NT$204.00 Billion ≈ $6.43 Billion |
+20.30% |
| 2016-12-31 | NT$169.57 Billion ≈ $5.34 Billion |
+0.68% |
| 2015-12-31 | NT$168.43 Billion ≈ $5.31 Billion |
+6.31% |
| 2014-12-31 | NT$158.44 Billion ≈ $4.99 Billion |
+24.00% |
| 2013-12-31 | NT$127.77 Billion ≈ $4.03 Billion |
+13.62% |
| 2012-12-31 | NT$112.46 Billion ≈ $3.54 Billion |
+9.95% |
| 2011-12-31 | NT$102.28 Billion ≈ $3.22 Billion |
+11.37% |
| 2010-12-31 | NT$91.84 Billion ≈ $2.89 Billion |
+22.92% |
| 2009-12-31 | NT$74.71 Billion ≈ $2.35 Billion |
+3.83% |
| 2008-12-31 | NT$71.96 Billion ≈ $2.27 Billion |
-19.82% |
| 2007-12-31 | NT$89.74 Billion ≈ $2.83 Billion |
+16.38% |
| 2006-12-31 | NT$77.11 Billion ≈ $2.43 Billion |
+39.90% |
| 2005-12-31 | NT$55.12 Billion ≈ $1.74 Billion |
-7.57% |
| 2004-12-31 | NT$59.63 Billion ≈ $1.88 Billion |
+8.14% |
| 2003-12-31 | NT$55.14 Billion ≈ $1.74 Billion |
+11.12% |
| 2002-12-31 | NT$49.63 Billion ≈ $1.56 Billion |
-8.25% |
| 2001-12-31 | NT$54.09 Billion ≈ $1.70 Billion |
-2.95% |
| 2000-12-31 | NT$55.73 Billion ≈ $1.76 Billion |
+56.66% |
| 1999-12-31 | NT$35.57 Billion ≈ $1.12 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to ASE Industrial Holding 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 1166.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$119.18 Billion | 34.36% |
| Common Stock | NT$44.36 Billion | 12.79% |
| Other Comprehensive Income | NT$48.17 Billion | 13.89% |
| Other Components | NT$135.18 Billion | 38.97% |
| Total Equity | NT$346.90 Billion | 100.00% |
ASE Industrial Holding Co Ltd Competitors by Market Cap
The table below lists competitors of ASE Industrial Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ping An Insurance Group Co of China Ltd
SHG:601318
|
$82.30 Billion |
|
CSX Corporation
NASDAQ:CSX
|
$82.50 Billion |
|
MercadoLibre Inc.
NASDAQ:MELI
|
$82.73 Billion |
|
Medtronic PLC
XETRA:2M6
|
$83.04 Billion |
|
National Australia Bank Ltd
AU:NAB
|
$81.44 Billion |
|
Snowflake Inc.
NYSE:SNOW
|
$81.28 Billion |
|
Eoptolink Technology Inc Ltd
SHE:300502
|
$81.15 Billion |
|
Howmet Aerospace Inc
NYSE:HWM
|
$81.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ASE Industrial Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 320,026,252,000 to 346,900,000,000, a change of 26,873,748,000 (8.4%).
- Net income of 40,658,000,000 contributed positively to equity growth.
- Dividend payments of 23,034,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 23,565,260,000.
- Other factors decreased equity by 14,315,512,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$40.66 Billion | +11.72% |
| Dividends Paid | NT$23.03 Billion | -6.64% |
| Other Comprehensive Income | NT$23.57 Billion | +6.79% |
| Other Changes | NT$-14.32 Billion | -4.13% |
| Total Change | NT$- | 8.40% |
Book Value vs Market Value Analysis
This analysis compares ASE Industrial Holding 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: 7.60x
- 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 47.58x to 7.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | NT$12.51 | NT$595.00 | x |
| 2000-12-31 | NT$15.44 | NT$595.00 | x |
| 2001-12-31 | NT$12.09 | NT$595.00 | x |
| 2002-12-31 | NT$10.33 | NT$595.00 | x |
| 2003-12-31 | NT$13.15 | NT$595.00 | x |
| 2004-12-31 | NT$13.65 | NT$595.00 | x |
| 2005-12-31 | NT$13.08 | NT$595.00 | x |
| 2006-12-31 | NT$16.97 | NT$595.00 | x |
| 2007-12-31 | NT$19.23 | NT$595.00 | x |
| 2008-12-31 | NT$18.27 | NT$595.00 | x |
| 2009-12-31 | NT$19.68 | NT$595.00 | x |
| 2010-12-31 | NT$23.30 | NT$595.00 | x |
| 2011-12-31 | NT$25.86 | NT$595.00 | x |
| 2012-12-31 | NT$28.91 | NT$595.00 | x |
| 2013-12-31 | NT$31.91 | NT$595.00 | x |
| 2014-12-31 | NT$36.55 | NT$595.00 | x |
| 2015-12-31 | NT$38.04 | NT$595.00 | x |
| 2016-12-31 | NT$38.04 | NT$595.00 | x |
| 2017-12-31 | NT$45.56 | NT$595.00 | x |
| 2018-12-31 | NT$47.76 | NT$595.00 | x |
| 2019-12-31 | NT$47.15 | NT$595.00 | x |
| 2020-12-31 | NT$50.98 | NT$595.00 | x |
| 2021-12-31 | NT$59.57 | NT$595.00 | x |
| 2022-12-31 | NT$69.69 | NT$595.00 | x |
| 2023-12-31 | NT$68.50 | NT$595.00 | x |
| 2024-12-31 | NT$72.87 | NT$595.00 | x |
| 2025-12-31 | NT$78.31 | NT$595.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ASE Industrial Holding 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): 11.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.30%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.56x
- Recent ROE (11.72%) is below the historical average (11.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 25.93% | 23.90% | 0.42x | 2.57x | NT$4.87 Billion |
| 2000 | 13.37% | 11.47% | 0.47x | 2.48x | NT$1.47 Billion |
| 2001 | -5.11% | -5.58% | 0.36x | 2.53x | NT$-6.34 Billion |
| 2002 | 0.33% | 0.28% | 0.43x | 2.66x | NT$-3.82 Billion |
| 2003 | 6.08% | 4.79% | 0.50x | 2.53x | NT$-1.77 Billion |
| 2004 | 8.20% | 5.15% | 0.61x | 2.61x | NT$-920.22 Million |
| 2005 | -9.96% | -5.58% | 0.64x | 2.79x | NT$-9.42 Billion |
| 2006 | 26.38% | 17.34% | 0.73x | 2.08x | NT$10.81 Billion |
| 2007 | 16.18% | 12.03% | 0.66x | 2.03x | NT$4.65 Billion |
| 2008 | 8.84% | 6.52% | 0.62x | 2.18x | NT$-807.20 Million |
| 2009 | 9.42% | 7.86% | 0.53x | 2.26x | NT$-417.60 Million |
| 2010 | 20.71% | 9.72% | 0.91x | 2.35x | NT$9.48 Billion |
| 2011 | 13.57% | 7.41% | 0.83x | 2.21x | NT$3.61 Billion |
| 2012 | 11.95% | 6.75% | 0.79x | 2.25x | NT$2.14 Billion |
| 2013 | 13.18% | 7.41% | 0.77x | 2.32x | NT$3.93 Billion |
| 2014 | 15.71% | 9.19% | 0.77x | 2.22x | NT$8.57 Billion |
| 2015 | 12.14% | 6.72% | 0.78x | 2.33x | NT$3.36 Billion |
| 2016 | 13.77% | 7.89% | 0.77x | 2.27x | NT$5.93 Billion |
| 2017 | 12.06% | 7.91% | 0.80x | 1.91x | NT$3.92 Billion |
| 2018 | 12.44% | 6.81% | 0.70x | 2.63x | NT$4.96 Billion |
| 2019 | 8.49% | 4.13% | 0.74x | 2.77x | NT$-3.04 Billion |
| 2020 | 12.34% | 5.65% | 0.82x | 2.67x | NT$5.11 Billion |
| 2021 | 23.13% | 10.55% | 0.85x | 2.59x | NT$34.14 Billion |
| 2022 | 20.41% | 9.17% | 0.95x | 2.35x | NT$31.37 Billion |
| 2023 | 10.65% | 5.45% | 0.87x | 2.24x | NT$1.94 Billion |
| 2024 | 10.12% | 5.44% | 0.80x | 2.32x | NT$376.31 Million |
| 2025 | 11.72% | 6.30% | 0.73x | 2.56x | NT$5.97 Billion |
Industry Comparison
This section compares ASE Industrial Holding Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $92,283,078,100
- Average return on equity (ROE) among peers: -5.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ASE Industrial Holding Co Ltd (3711) | NT$381.14 Billion | 25.93% | 1.51x | $82.25 Billion |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $17.41 Million |
| United Microelectronics Corporation (2303) | $214.10 Billion | 1.81% | 0.18x | $55.44 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.13 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $578.70 Billion | 27.93% | 0.24x | $1.95 Trillion |
| Macronix International Co Ltd (2337) | $18.43 Billion | -22.72% | 1.04x | $9.43 Billion |
| Optotech Corp (2340) | $6.01 Billion | 5.81% | 0.81x | $531.12 Million |
| Mosel Vitelic Inc (2342) | $31.49 Billion | 0.00% | 1.13x | $249.14 Million |
| Winbond Electronics Corp (2344) | $34.42 Billion | -25.03% | 0.96x | $28.21 Billion |
| Silicon Integrated Systems Corp (2363) | $9.58 Billion | -65.65% | 0.06x | $957.27 Million |
| Realtek Semiconductor Corp (2379) | $24.65 Billion | 17.65% | 1.36x | $12.04 Billion |
About ASE Industrial Holding Co Ltd
ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It operates through Packaging, Testing, and EMS. The company offers semiconductor packaging, interconnect materials production, front-end engineering testing, wafer probing, and final testing services, as well as i… Read more