RichWave Technology Corp
RichWave Technology Corporation designs, develops, and sells radio frequency (RF) integrated circuits in Taiwan, China, Korea, and internationally. It offers a portfolio of RF front-end components for Wi-Fi, such as power amplifiers, low noise amplifiers, switches, and front-end modules; mobility switches, and mobility and GPS LNA products; Internet of Things (IoT) low noise amplifiers and switch… Read more
RichWave Technology Corp (4968) - Net Assets
Latest net assets as of September 2025: NT$2.63 Billion TWD
Based on the latest financial reports, RichWave Technology Corp (4968) has net assets worth NT$2.63 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.49 Billion) and total liabilities (NT$862.72 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.63 Billion |
| % of Total Assets | 75.27% |
| Annual Growth Rate | 13.64% |
| 5-Year Change | 17.15% |
| 10-Year Change | 217.42% |
| Growth Volatility | 32.42 |
RichWave Technology Corp - Net Assets Trend (2009–2024)
This chart illustrates how RichWave Technology Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RichWave Technology Corp (2009–2024)
The table below shows the annual net assets of RichWave Technology Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.56 Billion | +16.35% |
| 2023-12-31 | NT$2.20 Billion | -7.27% |
| 2022-12-31 | NT$2.37 Billion | -1.05% |
| 2021-12-31 | NT$2.40 Billion | +9.73% |
| 2020-12-31 | NT$2.19 Billion | +59.67% |
| 2019-12-31 | NT$1.37 Billion | +16.52% |
| 2018-12-31 | NT$1.17 Billion | +15.55% |
| 2017-12-31 | NT$1.02 Billion | +7.62% |
| 2016-12-31 | NT$944.50 Million | +17.11% |
| 2015-12-31 | NT$806.51 Million | +114.78% |
| 2014-12-31 | NT$375.50 Million | +32.29% |
| 2013-12-31 | NT$283.84 Million | +11.46% |
| 2012-12-31 | NT$254.67 Million | -16.45% |
| 2011-12-31 | NT$304.80 Million | -26.60% |
| 2010-12-31 | NT$415.26 Million | +10.40% |
| 2009-12-31 | NT$376.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RichWave 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 5051.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$566.93 Million | 22.15% |
| Common Stock | NT$906.83 Million | 35.42% |
| Other Comprehensive Income | NT$589.21 Million | 23.02% |
| Other Components | NT$497.05 Million | 19.42% |
| Total Equity | NT$2.56 Billion | 100.00% |
RichWave Technology Corp Competitors by Market Cap
The table below lists competitors of RichWave Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Canaan Technology Co Ltd
SHE:300412
|
$262.26 Million |
|
Era Co Ltd
SHE:002641
|
$262.33 Million |
|
Solaris Resources Inc.
OTCQB:SLSR
|
$262.34 Million |
|
Jayaswal Neco Industries Limited
NSE:JAYNECOIND
|
$262.35 Million |
|
Kairuide Holding Co Ltd
SHE:002072
|
$262.09 Million |
|
Tianjin Binhai Energy & Development Co Ltd
SHE:000695
|
$262.05 Million |
|
Dongrui Food Group Co Ltd
SHE:001201
|
$262.05 Million |
|
WIIT S.P.A.
F:9PC
|
$262.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RichWave Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,200,199,000 to 2,560,015,000, a change of 359,816,000 (16.4%).
- Net income of 156,570,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 199,918,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$156.57 Million | +6.12% |
| Other Comprehensive Income | NT$199.92 Million | +7.81% |
| Other Changes | NT$3.33 Million | +0.13% |
| Total Change | NT$- | 16.35% |
Book Value vs Market Value Analysis
This analysis compares RichWave 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: 3.69x
- 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 17.65x to 3.69x 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$5.89 | NT$104.00 | x |
| 2010-12-31 | NT$6.23 | NT$104.00 | x |
| 2011-12-31 | NT$4.47 | NT$104.00 | x |
| 2012-12-31 | NT$3.70 | NT$104.00 | x |
| 2013-12-31 | NT$4.02 | NT$104.00 | x |
| 2014-12-31 | NT$5.21 | NT$104.00 | x |
| 2015-12-31 | NT$10.56 | NT$104.00 | x |
| 2016-12-31 | NT$11.08 | NT$104.00 | x |
| 2017-12-31 | NT$11.73 | NT$104.00 | x |
| 2018-12-31 | NT$13.67 | NT$104.00 | x |
| 2019-12-31 | NT$15.50 | NT$104.00 | x |
| 2020-12-31 | NT$24.55 | NT$104.00 | x |
| 2021-12-31 | NT$26.95 | NT$104.00 | x |
| 2022-12-31 | NT$26.64 | NT$104.00 | x |
| 2023-12-31 | NT$24.38 | NT$104.00 | x |
| 2024-12-31 | NT$28.22 | NT$104.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RichWave 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): 6.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.26%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 1.32x
- Recent ROE (6.12%) is above the historical average (6.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 17.61% | 13.18% | 0.91x | 1.47x | NT$28.63 Million |
| 2010 | -12.44% | -7.06% | 1.12x | 1.58x | NT$-93.17 Million |
| 2011 | -38.52% | -14.52% | 1.14x | 2.33x | NT$-147.87 Million |
| 2012 | -24.89% | -7.37% | 1.32x | 2.56x | NT$-88.85 Million |
| 2013 | 5.29% | 1.35% | 1.43x | 2.74x | NT$-13.37 Million |
| 2014 | 15.21% | 4.13% | 1.80x | 2.05x | NT$19.56 Million |
| 2015 | 18.11% | 8.51% | 1.53x | 1.39x | NT$65.44 Million |
| 2016 | 15.90% | 6.95% | 1.52x | 1.50x | NT$55.76 Million |
| 2017 | 13.99% | 5.33% | 1.62x | 1.62x | NT$40.51 Million |
| 2018 | 15.09% | 6.69% | 1.41x | 1.60x | NT$59.73 Million |
| 2019 | 13.94% | 6.94% | 1.15x | 1.74x | NT$53.88 Million |
| 2020 | 39.64% | 16.19% | 1.46x | 1.68x | NT$647.69 Million |
| 2021 | 19.41% | 8.76% | 1.61x | 1.38x | NT$225.73 Million |
| 2022 | 2.32% | 1.61% | 0.99x | 1.45x | NT$-182.21 Million |
| 2023 | -10.10% | -7.45% | 0.94x | 1.44x | NT$-442.31 Million |
| 2024 | 6.12% | 4.26% | 1.09x | 1.32x | NT$-99.43 Million |
Industry Comparison
This section compares RichWave Technology Corp's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RichWave Technology Corp (4968) | NT$2.63 Billion | 17.61% | 0.33x | $262.17 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |