Ya Horng Electronic Co Ltd
Ya Horng Electronic Co., Ltd. manufactures and sells audio products, household appliances, and healthcare products in Taiwan, the United States, Japan, France, and internationally. The company offers CD/MP3 players, audio mixers, amplifiers, turntables, and media controllers; appliances, such as blenders, juicers, food processors, desiccants, dehumidifiers, air purifiers, coffee makers, and kitch… Read more
Ya Horng Electronic Co Ltd (6201) - Net Assets
Latest net assets as of September 2025: NT$2.72 Billion TWD
Based on the latest financial reports, Ya Horng Electronic Co Ltd (6201) has net assets worth NT$2.72 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$3.55 Billion) and total liabilities (NT$828.38 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$2.72 Billion |
| % of Total Assets | 76.68% |
| Annual Growth Rate | 3.61% |
| 5-Year Change | 14.22% |
| 10-Year Change | 19.64% |
| Growth Volatility | 10.44 |
Ya Horng Electronic Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Ya Horng 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 Ya Horng Electronic Co Ltd (2002–2024)
The table below shows the annual net assets of Ya Horng Electronic Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.86 Billion | +3.85% |
| 2023-12-31 | NT$2.76 Billion | +4.38% |
| 2022-12-31 | NT$2.64 Billion | +4.21% |
| 2021-12-31 | NT$2.53 Billion | +1.12% |
| 2020-12-31 | NT$2.51 Billion | +3.59% |
| 2019-12-31 | NT$2.42 Billion | -0.99% |
| 2018-12-31 | NT$2.44 Billion | +2.73% |
| 2017-12-31 | NT$2.38 Billion | -3.01% |
| 2016-12-31 | NT$2.45 Billion | +2.50% |
| 2015-12-31 | NT$2.39 Billion | +0.34% |
| 2014-12-31 | NT$2.38 Billion | -0.77% |
| 2013-12-31 | NT$2.40 Billion | -1.97% |
| 2012-12-31 | NT$2.45 Billion | -0.95% |
| 2011-12-31 | NT$2.47 Billion | +3.91% |
| 2010-12-31 | NT$2.38 Billion | -1.47% |
| 2009-12-31 | NT$2.42 Billion | -0.12% |
| 2008-12-31 | NT$2.42 Billion | +0.96% |
| 2007-12-31 | NT$2.40 Billion | +9.24% |
| 2006-12-31 | NT$2.19 Billion | +2.09% |
| 2005-12-31 | NT$2.15 Billion | +11.18% |
| 2004-12-31 | NT$1.93 Billion | -1.18% |
| 2003-12-31 | NT$1.96 Billion | +49.27% |
| 2002-12-31 | NT$1.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ya Horng 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 72.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$963.83 Million | 33.67% |
| Common Stock | NT$892.00 Million | 31.17% |
| Other Comprehensive Income | NT$686.35 Million | 23.98% |
| Other Components | NT$320.00 Million | 11.18% |
| Total Equity | NT$2.86 Billion | 100.00% |
Ya Horng Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Ya Horng Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ledyard Financial Group Inc
OTCQX:LFGP
|
$42.92 Million |
|
VYTRUS BIOTECH EO -01
F:V5P
|
$42.92 Million |
|
Studsvik AB
ST:SVIK
|
$42.93 Million |
|
Appeninn Vagyonkezelo Holding Nyilvanosan Mukodo Reszvenytarsasag
F:0AP
|
$42.96 Million |
|
Talenom Oyj
HE:TNOM
|
$42.88 Million |
|
Victoria plc
PINK:VCCTF
|
$42.85 Million |
|
Intek Group S.p.A
F:MTJ3
|
$42.85 Million |
|
Quantum Graphite Limited
OTCGREY:VLQCF
|
$42.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ya Horng Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,756,109,000 to 2,862,176,000, a change of 106,067,000 (3.8%).
- Net income of 417,748,000 contributed positively to equity growth.
- Dividend payments of 347,880,000 reduced retained earnings.
- Other comprehensive income increased equity by 64,961,000.
- Other factors decreased equity by 28,762,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$417.75 Million | +14.6% |
| Dividends Paid | NT$347.88 Million | -12.15% |
| Other Comprehensive Income | NT$64.96 Million | +2.27% |
| Other Changes | NT$-28.76 Million | -1.0% |
| Total Change | NT$- | 3.85% |
Book Value vs Market Value Analysis
This analysis compares Ya Horng 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: 1.63x
- 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 1.92x to 1.63x 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$26.93 | NT$51.80 | x |
| 2010-12-31 | NT$26.53 | NT$51.80 | x |
| 2011-12-31 | NT$27.53 | NT$51.80 | x |
| 2012-12-31 | NT$27.32 | NT$51.80 | x |
| 2013-12-31 | NT$26.83 | NT$51.80 | x |
| 2014-12-31 | NT$26.54 | NT$51.80 | x |
| 2015-12-31 | NT$26.63 | NT$51.80 | x |
| 2016-12-31 | NT$27.25 | NT$51.80 | x |
| 2017-12-31 | NT$26.50 | NT$51.80 | x |
| 2018-12-31 | NT$27.14 | NT$51.80 | x |
| 2019-12-31 | NT$26.94 | NT$51.80 | x |
| 2020-12-31 | NT$27.87 | NT$51.80 | x |
| 2021-12-31 | NT$28.21 | NT$51.80 | x |
| 2022-12-31 | NT$29.33 | NT$51.80 | x |
| 2023-12-31 | NT$30.63 | NT$51.80 | x |
| 2024-12-31 | NT$31.82 | NT$51.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ya Horng 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): 14.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.59%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.30x
- Recent ROE (14.60%) is above the historical average (12.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 33.10% | 14.87% | 1.39x | 1.60x | NT$302.69 Million |
| 2003 | 23.13% | 12.15% | 1.29x | 1.48x | NT$256.91 Million |
| 2004 | 13.95% | 6.58% | 1.44x | 1.47x | NT$73.98 Million |
| 2005 | 16.91% | 8.44% | 1.38x | 1.45x | NT$148.53 Million |
| 2006 | 12.62% | 5.76% | 1.48x | 1.48x | NT$57.39 Million |
| 2007 | 15.37% | 6.21% | 1.66x | 1.49x | NT$128.72 Million |
| 2008 | 10.47% | 4.65% | 1.55x | 1.45x | NT$11.48 Million |
| 2009 | 8.45% | 5.06% | 1.18x | 1.42x | NT$-37.46 Million |
| 2010 | 8.52% | 4.58% | 1.27x | 1.46x | NT$-35.36 Million |
| 2011 | 8.60% | 5.19% | 1.20x | 1.38x | NT$-34.67 Million |
| 2012 | 6.94% | 4.05% | 1.25x | 1.37x | NT$-74.89 Million |
| 2013 | 4.28% | 2.82% | 1.08x | 1.40x | NT$-137.49 Million |
| 2014 | 6.52% | 4.36% | 1.07x | 1.40x | NT$-82.95 Million |
| 2015 | 8.36% | 6.37% | 0.98x | 1.34x | NT$-39.34 Million |
| 2016 | 12.33% | 8.69% | 1.00x | 1.42x | NT$57.10 Million |
| 2017 | 8.63% | 6.73% | 0.93x | 1.38x | NT$-32.68 Million |
| 2018 | 10.78% | 8.08% | 0.98x | 1.36x | NT$19.11 Million |
| 2019 | 9.90% | 7.40% | 1.01x | 1.33x | NT$-2.35 Million |
| 2020 | 11.92% | 8.51% | 0.96x | 1.46x | NT$48.10 Million |
| 2021 | 11.90% | 7.70% | 1.11x | 1.39x | NT$48.10 Million |
| 2022 | 12.58% | 11.04% | 0.88x | 1.29x | NT$68.04 Million |
| 2023 | 15.00% | 12.14% | 0.92x | 1.34x | NT$137.80 Million |
| 2024 | 14.60% | 12.59% | 0.89x | 1.30x | NT$131.53 Million |
Industry Comparison
This section compares Ya Horng Electronic Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,453,089,600
- Average return on equity (ROE) among peers: 10.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ya Horng Electronic Co Ltd (6201) | NT$2.72 Billion | 33.10% | 0.30x | $42.91 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $8.23 Billion | 5.97% | 0.53x | $159.60 Million |
| Sampo Corp (1604) | $7.48 Billion | 1.91% | 0.73x | $194.91 Million |
| China Electric Manufacturing Corp (1611) | $4.56 Billion | 1.75% | 0.29x | $96.73 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.17 Billion | 4.11% | 0.26x | $126.91 Million |
| Airmate Cayman International Co Ltd (1626) | $2.22 Billion | 22.35% | 2.06x | $26.74 Million |
| Hocheng Corp (1810) | $6.31 Billion | 3.21% | 0.80x | $119.59 Million |
| King Slide Works Co Ltd (2059) | $28.04 Billion | 35.08% | 0.25x | $5.64 Billion |
| Fortune Oriental Co Ltd (2491) | $724.35 Million | 5.40% | 1.92x | $24.92 Million |
| Bedding World Co., Ltd. (2938) | $492.43 Million | 17.07% | 2.01x | $3.06 Million |
| Ado Optronics (3516) | $1.30 Billion | 3.37% | 0.48x | $15.82 Million |