In Win Development Inc
In Win Development Inc. engages in processing, manufacturing, and trading of computer and peripheral equipment, and plastic products in Europe, the United States, Japan, Taiwan, and internationally.The company offers gaming and computer chassis, gaming and PC power supplies, IPC/servers, and cooling fans, as well as full, mid, mini, and micro tower chassis products. It also engages in the manufac… Read more
In Win Development Inc (6117) - Net Assets
Latest net assets as of September 2025: NT$2.04 Billion TWD
Based on the latest financial reports, In Win Development Inc (6117) has net assets worth NT$2.04 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$5.26 Billion) and total liabilities (NT$3.22 Billion). 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$2.04 Billion |
| % of Total Assets | 38.74% |
| Annual Growth Rate | -0.16% |
| 5-Year Change | 60.24% |
| 10-Year Change | 9.9% |
| Growth Volatility | 14.28 |
In Win Development Inc - Net Assets Trend (2002–2024)
This chart illustrates how In Win Development Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for In Win Development Inc (2002–2024)
The table below shows the annual net assets of In Win Development Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.86 Billion | +52.75% |
| 2023-12-31 | NT$1.22 Billion | +7.15% |
| 2022-12-31 | NT$1.14 Billion | +7.21% |
| 2021-12-31 | NT$1.06 Billion | -8.68% |
| 2020-12-31 | NT$1.16 Billion | -6.34% |
| 2019-12-31 | NT$1.24 Billion | -13.17% |
| 2018-12-31 | NT$1.43 Billion | -17.95% |
| 2017-12-31 | NT$1.74 Billion | +16.21% |
| 2016-12-31 | NT$1.50 Billion | -11.55% |
| 2015-12-31 | NT$1.69 Billion | -14.26% |
| 2014-12-31 | NT$1.98 Billion | +3.63% |
| 2013-12-31 | NT$1.91 Billion | +1.72% |
| 2012-12-31 | NT$1.87 Billion | -9.13% |
| 2011-12-31 | NT$2.06 Billion | +8.64% |
| 2010-12-31 | NT$1.90 Billion | -3.80% |
| 2009-12-31 | NT$1.97 Billion | -4.45% |
| 2008-12-31 | NT$2.07 Billion | +3.57% |
| 2007-12-31 | NT$2.00 Billion | +1.39% |
| 2006-12-31 | NT$1.97 Billion | +1.68% |
| 2005-12-31 | NT$1.94 Billion | +4.32% |
| 2004-12-31 | NT$1.86 Billion | -10.35% |
| 2003-12-31 | NT$2.07 Billion | +7.17% |
| 2002-12-31 | NT$1.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to In Win Development Inc'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 decreased by 42.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$352.00 Million | 18.94% |
| Other Components | NT$1.51 Billion | 81.06% |
| Total Equity | NT$1.86 Billion | 100.00% |
In Win Development Inc Competitors by Market Cap
The table below lists competitors of In Win Development Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WARPAINT LONDON LS -25
F:1J2
|
$114.52 Million |
|
Hanyang Securities Co Ltd
KO:001755
|
$114.52 Million |
|
Hanyang Sec
KO:001750
|
$114.52 Million |
|
Mangalam Cement Limited
NSE:MANGLMCEM
|
$114.58 Million |
|
Intelligent Monitoring Group Ltd
AU:IMB
|
$114.46 Million |
|
SML Isuzu Limited
NSE:SMLISUZU
|
$114.46 Million |
|
Hunan Kylinsec Technology Co. Ltd. A
SHG:688152
|
$114.45 Million |
|
Trada Maritime Tbk
JK:TRAM
|
$114.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in In Win Development Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,214,838,000 to 1,858,096,000, a change of 643,258,000 (53.0%).
- Net income of 368,414,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 68,788,000.
- Other factors increased equity by 206,056,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$368.41 Million | +19.83% |
| Other Comprehensive Income | NT$68.79 Million | +3.7% |
| Other Changes | NT$206.06 Million | +11.09% |
| Total Change | NT$- | 52.95% |
Book Value vs Market Value Analysis
This analysis compares In Win Development Inc'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: 3.58x
- 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 increased from 3.31x to 3.58x 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$22.66 | NT$75.00 | x |
| 2010-12-31 | NT$21.84 | NT$75.00 | x |
| 2011-12-31 | NT$22.76 | NT$75.00 | x |
| 2012-12-31 | NT$21.15 | NT$75.00 | x |
| 2013-12-31 | NT$21.48 | NT$75.00 | x |
| 2014-12-31 | NT$22.26 | NT$75.00 | x |
| 2015-12-31 | NT$19.12 | NT$75.00 | x |
| 2016-12-31 | NT$16.70 | NT$75.00 | x |
| 2017-12-31 | NT$19.49 | NT$75.00 | x |
| 2018-12-31 | NT$15.91 | NT$75.00 | x |
| 2019-12-31 | NT$13.86 | NT$75.00 | x |
| 2020-12-31 | NT$13.03 | NT$75.00 | x |
| 2021-12-31 | NT$11.92 | NT$75.00 | x |
| 2022-12-31 | NT$12.76 | NT$75.00 | x |
| 2023-12-31 | NT$13.70 | NT$75.00 | x |
| 2024-12-31 | NT$20.96 | NT$75.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently In Win Development Inc 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): 19.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.78%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.22x
- Recent ROE (19.83%) is above the historical average (1.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 14.92% | 10.53% | 0.91x | 1.56x | NT$94.95 Million |
| 2003 | 9.35% | 6.60% | 0.79x | 1.80x | NT$-13.47 Million |
| 2005 | 5.17% | 3.43% | 0.79x | 1.91x | NT$-93.40 Million |
| 2006 | 4.57% | 2.89% | 0.80x | 1.96x | NT$-106.62 Million |
| 2007 | 1.91% | 1.00% | 0.89x | 2.16x | NT$-161.08 Million |
| 2008 | 6.77% | 3.52% | 0.96x | 2.00x | NT$-66.59 Million |
| 2009 | -1.59% | -1.03% | 0.76x | 2.04x | NT$-228.29 Million |
| 2010 | 2.84% | 1.50% | 0.98x | 1.93x | NT$-136.05 Million |
| 2011 | 3.68% | 2.10% | 0.90x | 1.95x | NT$-126.81 Million |
| 2012 | -2.05% | -1.26% | 0.84x | 1.93x | NT$-225.92 Million |
| 2013 | 1.07% | 0.65% | 0.85x | 1.94x | NT$-170.24 Million |
| 2014 | 1.92% | 1.27% | 0.86x | 1.77x | NT$-159.66 Million |
| 2015 | -13.77% | -11.00% | 0.67x | 1.86x | NT$-402.79 Million |
| 2016 | -11.46% | -7.63% | 0.73x | 2.07x | NT$-317.60 Million |
| 2017 | 16.36% | 14.75% | 0.58x | 1.91x | NT$110.23 Million |
| 2018 | -13.54% | -9.86% | 0.67x | 2.03x | NT$-332.02 Million |
| 2019 | -12.98% | -7.73% | 0.75x | 2.24x | NT$-282.33 Million |
| 2020 | -7.91% | -4.14% | 0.72x | 2.67x | NT$-206.80 Million |
| 2021 | -9.47% | -4.33% | 0.61x | 3.60x | NT$-205.83 Million |
| 2022 | 4.84% | 2.28% | 0.68x | 3.13x | NT$-58.39 Million |
| 2023 | 7.46% | 3.83% | 0.65x | 3.01x | NT$-30.86 Million |
| 2024 | 19.83% | 12.78% | 0.70x | 2.22x | NT$182.60 Million |
Industry Comparison
This section compares In Win Development Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| In Win Development Inc (6117) | NT$2.04 Billion | 14.92% | 1.58x | $114.49 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |