Primax Electronics Ltd (4915) - Net Assets
Based on the latest financial reports, Primax Electronics Ltd (4915) has net assets worth NT$19.15 Billion TWD (≈ $603.36 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$49.24 Billion ≈ $1.55 Billion USD) and total liabilities (NT$30.09 Billion ≈ $947.94 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 4915 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$19.15 Billion |
| % of Total Assets | 38.89% |
| Annual Growth Rate | 5.85% |
| 5-Year Change | 27.96% |
| 10-Year Change | 53.56% |
| Growth Volatility | 21.93 |
Primax Electronics Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Primax Electronics Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Primax Electronics Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Primax Electronics Ltd (2000–2024)
The table below shows the annual net assets of Primax Electronics Ltd from 2000 to 2024. For live valuation and market cap data, see 4915 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$19.83 Billion ≈ $624.91 Million |
+3.87% |
| 2023-12-31 | NT$19.10 Billion ≈ $601.65 Million |
+4.39% |
| 2022-12-31 | NT$18.29 Billion ≈ $576.35 Million |
+11.26% |
| 2021-12-31 | NT$16.44 Billion ≈ $518.03 Million |
+6.08% |
| 2020-12-31 | NT$15.50 Billion ≈ $488.35 Million |
+6.87% |
| 2019-12-31 | NT$14.50 Billion ≈ $456.94 Million |
-3.12% |
| 2018-12-31 | NT$14.97 Billion ≈ $471.64 Million |
+15.32% |
| 2017-12-31 | NT$12.98 Billion ≈ $409.00 Million |
+6.02% |
| 2016-12-31 | NT$12.24 Billion ≈ $385.77 Million |
-5.20% |
| 2015-12-31 | NT$12.92 Billion ≈ $406.94 Million |
+25.30% |
| 2014-12-31 | NT$10.31 Billion ≈ $324.78 Million |
+36.69% |
| 2013-12-31 | NT$7.54 Billion ≈ $237.60 Million |
+17.17% |
| 2012-12-31 | NT$6.44 Billion ≈ $202.78 Million |
+31.56% |
| 2011-12-31 | NT$4.89 Billion ≈ $154.14 Million |
+28.27% |
| 2010-12-31 | NT$3.81 Billion ≈ $120.17 Million |
+60.04% |
| 2009-12-31 | NT$2.38 Billion ≈ $75.09 Million |
-52.62% |
| 2006-12-31 | NT$5.03 Billion ≈ $158.47 Million |
+16.97% |
| 2005-12-31 | NT$4.30 Billion ≈ $135.48 Million |
+11.02% |
| 2004-12-31 | NT$3.87 Billion ≈ $122.02 Million |
-29.06% |
| 2003-12-31 | NT$5.46 Billion ≈ $172.00 Million |
+2.88% |
| 2002-12-31 | NT$5.31 Billion ≈ $167.19 Million |
-4.46% |
| 2001-12-31 | NT$5.55 Billion ≈ $175.00 Million |
+9.68% |
| 2000-12-31 | NT$5.06 Billion ≈ $159.56 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Primax Electronics 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 1251.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.51 Billion | 42.91% |
| Common Stock | NT$4.66 Billion | 23.48% |
| Other Comprehensive Income | NT$-385.72 Million | -1.94% |
| Other Components | NT$7.05 Billion | 35.56% |
| Total Equity | NT$19.83 Billion | 100.00% |
Primax Electronics Ltd Competitors by Market Cap
The table below lists competitors of Primax Electronics Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PolEnergia S.A.
WAR:PEP
|
$1.09 Billion |
|
Beijing Shenzhou Aerospace Software Technology Co. Ltd. A
SHG:688562
|
$1.09 Billion |
|
NanJi ECommerce Co Ltd
SHE:002127
|
$1.09 Billion |
|
Hanwha Investment&Securities Co Ltd
KO:003530
|
$1.09 Billion |
|
Hengerda New Materials (Fujian) Co. Ltd.
SHE:300946
|
$1.09 Billion |
|
Meitav Dash Investments Ltd
TA:MTDS
|
$1.09 Billion |
|
Yunnan Hongxiang Yixintang
SHE:002727
|
$1.09 Billion |
|
Chengdu Kanghua Biological Products
SHE:300841
|
$1.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Primax Electronics Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,013,509,000 to 19,834,976,000, a change of 2,821,467,000 (16.6%).
- Net income of 2,556,850,000 contributed positively to equity growth.
- Dividend payments of 1,851,727,000 reduced retained earnings.
- Other comprehensive income increased equity by 930,780,000.
- Other factors increased equity by 1,185,564,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.56 Billion | +12.89% |
| Dividends Paid | NT$1.85 Billion | -9.34% |
| Other Comprehensive Income | NT$930.78 Million | +4.69% |
| Other Changes | NT$1.19 Billion | +5.98% |
| Total Change | NT$- | 16.58% |
Book Value vs Market Value Analysis
This analysis compares Primax Electronics 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: 1.71x
- 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 11.83x to 1.71x 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$6.20 | NT$73.30 | x |
| 2010-12-31 | NT$9.62 | NT$73.30 | x |
| 2011-12-31 | NT$12.23 | NT$73.30 | x |
| 2012-12-31 | NT$15.43 | NT$73.30 | x |
| 2013-12-31 | NT$17.30 | NT$73.30 | x |
| 2014-12-31 | NT$21.16 | NT$73.30 | x |
| 2015-12-31 | NT$23.61 | NT$73.30 | x |
| 2016-12-31 | NT$24.82 | NT$73.30 | x |
| 2017-12-31 | NT$25.59 | NT$73.30 | x |
| 2018-12-31 | NT$26.06 | NT$73.30 | x |
| 2019-12-31 | NT$27.49 | NT$73.30 | x |
| 2020-12-31 | NT$29.53 | NT$73.30 | x |
| 2021-12-31 | NT$31.37 | NT$73.30 | x |
| 2022-12-31 | NT$35.90 | NT$73.30 | x |
| 2023-12-31 | NT$37.08 | NT$73.30 | x |
| 2024-12-31 | NT$42.84 | NT$73.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Primax Electronics 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): 12.89%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.39%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 2.53x
- Recent ROE (12.89%) is below the historical average (19.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 45.36% | 3.75% | 1.84x | 6.56x | NT$841.78 Million |
| 2010 | 39.35% | 3.65% | 2.61x | 4.13x | NT$1.12 Billion |
| 2011 | 21.28% | 2.20% | 2.58x | 3.75x | NT$551.67 Million |
| 2012 | 19.42% | 2.90% | 2.16x | 3.11x | NT$606.52 Million |
| 2013 | 8.86% | 1.58% | 1.96x | 2.86x | NT$-85.61 Million |
| 2014 | 16.88% | 2.96% | 1.68x | 3.39x | NT$629.64 Million |
| 2015 | 17.00% | 2.70% | 1.57x | 4.00x | NT$730.08 Million |
| 2016 | 17.58% | 3.01% | 1.73x | 3.37x | NT$834.10 Million |
| 2017 | 18.07% | 3.39% | 1.61x | 3.32x | NT$918.89 Million |
| 2018 | 15.71% | 2.82% | 1.50x | 3.71x | NT$664.29 Million |
| 2019 | 17.35% | 2.65% | 1.52x | 4.32x | NT$904.07 Million |
| 2020 | 14.44% | 2.81% | 1.44x | 3.56x | NT$590.48 Million |
| 2021 | 16.21% | 3.21% | 1.45x | 3.49x | NT$880.73 Million |
| 2022 | 16.78% | 3.46% | 1.68x | 2.89x | NT$1.11 Billion |
| 2023 | 14.61% | 4.11% | 1.30x | 2.74x | NT$783.94 Million |
| 2024 | 12.89% | 4.39% | 1.16x | 2.53x | NT$573.35 Million |
Industry Comparison
This section compares Primax Electronics Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $6,862,617,400
- Average return on equity (ROE) among peers: 6.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Primax Electronics Ltd (4915) | NT$19.15 Billion | 45.36% | 1.57x | $1.09 Billion |
| Lung Hwa Electronics Co Ltd (2424) | $789.96 Million | 0.00% | 0.57x | $40.14 Million |
| Merry Electronics Co Ltd (2439) | $12.27 Billion | 10.77% | 1.78x | $687.92 Million |
| Taiwan Line Tek Electronic Co Ltd (2462) | $1.46 Billion | 25.69% | 1.01x | $100.24 Million |
| Meiloon Industrial Co Ltd (2477) | $3.90 Billion | 7.11% | 0.56x | $104.66 Million |
| Hanpin Electron Co Ltd (2488) | $2.03 Billion | 22.20% | 0.59x | $130.56 Million |
| HTC Corp (2498) | $35.00 Billion | -26.90% | 0.51x | $1.05 Billion |
| Action Electronics Co Ltd (3024) | $6.15 Billion | 14.25% | 0.50x | $110.90 Million |
| Global View Co Ltd (3040) | $1.38 Billion | 5.98% | 0.12x | $80.80 Million |
| U-Tech Media Corp (3050) | $4.04 Billion | 0.00% | 0.58x | $59.81 Million |
| Powertech Industrial Co Ltd (3296) | $1.61 Billion | 6.16% | 0.52x | $59.42 Million |
About Primax Electronics Ltd
Primax Electronics Ltd., together with its subsidiaries, manufactures and sells computer peripherals and non-computer peripherals in China, Europe, the United States, and internationally. The company offers gaming/PC peripherals, lighting solutions, wireless charging solutions, docking stations, smart access solutions, and digital door locks/door bells; and in-car connected cameras, intelligent g… Read more