Promate Electronic Co Ltd
Promate Electronic Co.,Ltd. engages in the distribution and sale of electronic/electrical components, and computer software and electrical products in Taiwan. It offers electronic components, such as application-specific and LCD display products, linear/distributed components, application-specific, and image processing ICs; embedded control systems and medical displays; and application-specific d… Read more
Promate Electronic Co Ltd (6189) - Net Assets
Latest net assets as of September 2025: NT$6.42 Billion TWD
Based on the latest financial reports, Promate Electronic Co Ltd (6189) has net assets worth NT$6.42 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$15.01 Billion) and total liabilities (NT$8.60 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$6.42 Billion |
| % of Total Assets | 42.73% |
| Annual Growth Rate | 11.23% |
| 5-Year Change | 62.08% |
| 10-Year Change | 92.26% |
| Growth Volatility | 17.94 |
Promate Electronic Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Promate Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Promate Electronic Co Ltd (2002–2024)
The table below shows the annual net assets of Promate Electronic Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.91 Billion | +19.10% |
| 2023-12-31 | NT$5.80 Billion | +5.01% |
| 2022-12-31 | NT$5.53 Billion | +10.38% |
| 2021-12-31 | NT$5.01 Billion | +17.40% |
| 2020-12-31 | NT$4.26 Billion | +5.58% |
| 2019-12-31 | NT$4.04 Billion | -0.07% |
| 2018-12-31 | NT$4.04 Billion | +4.15% |
| 2017-12-31 | NT$3.88 Billion | +9.06% |
| 2016-12-31 | NT$3.56 Billion | -1.02% |
| 2015-12-31 | NT$3.59 Billion | +1.64% |
| 2014-12-31 | NT$3.54 Billion | +2.98% |
| 2013-12-31 | NT$3.43 Billion | +6.70% |
| 2012-12-31 | NT$3.22 Billion | +1.53% |
| 2011-12-31 | NT$3.17 Billion | +2.80% |
| 2010-12-31 | NT$3.08 Billion | +1.06% |
| 2009-12-31 | NT$3.05 Billion | +5.11% |
| 2008-12-31 | NT$2.90 Billion | -7.77% |
| 2007-12-31 | NT$3.15 Billion | +49.54% |
| 2006-12-31 | NT$2.10 Billion | +16.05% |
| 2005-12-31 | NT$1.81 Billion | +33.34% |
| 2004-12-31 | NT$1.36 Billion | +18.87% |
| 2003-12-31 | NT$1.14 Billion | +72.22% |
| 2002-12-31 | NT$664.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Promate Electronic 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 683.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.40 Billion | 21.95% |
| Common Stock | NT$2.19 Billion | 34.31% |
| Other Components | NT$2.79 Billion | 43.74% |
| Total Equity | NT$6.38 Billion | 100.00% |
Promate Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Promate Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UOA Development Bhd
KLSE:5200
|
$327.07 Million |
|
Hunan Chen Dian International Development Co Ltd
SHG:600969
|
$327.07 Million |
|
Beyond Meat Inc
NASDAQ:BYND
|
$327.25 Million |
|
Bonheur
OL:BONHR
|
$327.67 Million |
|
SES AI Corp
NYSE:SES
|
$326.98 Million |
|
Shunsin Technology Holdings Ltd
TW:6451
|
$326.92 Million |
|
Silence Therapeutics PLC
NASDAQ:SLN
|
$326.86 Million |
|
Beijing Transtrue Technology Inc
SHE:002771
|
$326.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Promate Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,392,668,000 to 6,379,114,000, a change of 986,446,000 (18.3%).
- Net income of 1,398,672,000 contributed positively to equity growth.
- Dividend payments of 751,857,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,924,792,000.
- Other factors increased equity by 2,264,423,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.40 Billion | +21.93% |
| Dividends Paid | NT$751.86 Million | -11.79% |
| Other Comprehensive Income | NT$-1.92 Billion | -30.17% |
| Other Changes | NT$2.26 Billion | +35.5% |
| Total Change | NT$- | 18.29% |
Book Value vs Market Value Analysis
This analysis compares Promate Electronic 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: 1.97x
- 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 3.40x to 1.97x 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$13.82 | NT$47.05 | x |
| 2010-12-31 | NT$14.08 | NT$47.05 | x |
| 2011-12-31 | NT$14.41 | NT$47.05 | x |
| 2012-12-31 | NT$14.62 | NT$47.05 | x |
| 2013-12-31 | NT$15.50 | NT$47.05 | x |
| 2014-12-31 | NT$15.93 | NT$47.05 | x |
| 2015-12-31 | NT$15.80 | NT$47.05 | x |
| 2016-12-31 | NT$15.63 | NT$47.05 | x |
| 2017-12-31 | NT$16.22 | NT$47.05 | x |
| 2018-12-31 | NT$16.98 | NT$47.05 | x |
| 2019-12-31 | NT$16.97 | NT$47.05 | x |
| 2020-12-31 | NT$16.32 | NT$47.05 | x |
| 2021-12-31 | NT$18.09 | NT$47.05 | x |
| 2022-12-31 | NT$19.94 | NT$47.05 | x |
| 2023-12-31 | NT$20.87 | NT$47.05 | x |
| 2024-12-31 | NT$23.83 | NT$47.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Promate Electronic 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): 21.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.68%
- • Asset Turnover: 2.25x
- • Equity Multiplier: 2.65x
- Recent ROE (21.93%) is above the historical average (17.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 26.65% | 2.79% | 3.65x | 2.62x | NT$110.62 Million |
| 2003 | 27.07% | 3.02% | 3.37x | 2.67x | NT$195.30 Million |
| 2004 | 24.18% | 1.99% | 4.37x | 2.77x | NT$192.89 Million |
| 2005 | 23.03% | 2.00% | 3.45x | 3.34x | NT$236.40 Million |
| 2006 | 19.98% | 1.71% | 3.85x | 3.03x | NT$209.65 Million |
| 2007 | 19.74% | 2.47% | 3.41x | 2.34x | NT$303.74 Million |
| 2008 | 10.68% | 1.51% | 3.75x | 1.88x | NT$19.57 Million |
| 2009 | 13.40% | 2.16% | 2.81x | 2.21x | NT$101.66 Million |
| 2010 | 12.99% | 1.89% | 3.00x | 2.30x | NT$91.41 Million |
| 2011 | 14.47% | 2.37% | 2.82x | 2.16x | NT$140.31 Million |
| 2012 | 14.42% | 2.33% | 2.91x | 2.13x | NT$140.89 Million |
| 2013 | 17.22% | 2.87% | 2.60x | 2.31x | NT$242.66 Million |
| 2014 | 18.04% | 3.04% | 2.47x | 2.40x | NT$277.57 Million |
| 2015 | 16.75% | 3.26% | 2.29x | 2.24x | NT$232.56 Million |
| 2016 | 13.21% | 2.38% | 2.37x | 2.34x | NT$108.98 Million |
| 2017 | 10.00% | 1.90% | 2.23x | 2.36x | NT$-16.90K |
| 2018 | 14.14% | 2.65% | 2.24x | 2.38x | NT$152.87 Million |
| 2019 | 12.77% | 2.06% | 2.28x | 2.73x | NT$101.89 Million |
| 2020 | 13.79% | 2.01% | 2.22x | 3.10x | NT$147.38 Million |
| 2021 | 17.12% | 2.45% | 2.13x | 3.28x | NT$330.07 Million |
| 2022 | 15.94% | 2.92% | 1.95x | 2.80x | NT$305.68 Million |
| 2023 | 15.71% | 2.87% | 1.73x | 3.17x | NT$308.15 Million |
| 2024 | 21.93% | 3.68% | 2.25x | 2.65x | NT$760.76 Million |
Industry Comparison
This section compares Promate Electronic Co Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $3,516,139,100
- Average return on equity (ROE) among peers: 5.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Promate Electronic Co Ltd (6189) | NT$6.42 Billion | 26.65% | 1.34x | $327.02 Million |
| China Wire & Cable Co Ltd (1603) | $5.29 Billion | 8.42% | 0.61x | $77.47 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $4.09 Billion | -0.33% | 0.05x | $111.08 Million |
| Senao International Co Ltd (2450) | $6.43 Billion | 10.98% | 0.53x | $64.69 Million |
| Wah Lee Industrial Corp (3010) | $8.62 Billion | 11.39% | 1.34x | $645.33 Million |
| Weikeng Industrial Co Ltd (3033) | $2.53 Billion | 15.31% | 2.01x | $384.05 Million |
| Edom Technology Co Ltd (3048) | $3.72 Billion | 18.74% | 5.27x | $169.71 Million |
| MetaTech AP (3224) | $2.61 Billion | -2.64% | 0.25x | $59.52 Million |
| Sentronic International (3232) | $363.49 Million | 5.76% | 1.39x | $22.56 Million |
| Kworld Computer Co Ltd (3287) | $411.82 Million | 2.32% | 0.36x | $17.39 Million |
| G.M.I Technology Inc (3312) | $1.11 Billion | -19.88% | 1.94x | $115.66 Million |