Polytronics Technology Corp (6224) - Net Assets
Based on the latest financial reports, Polytronics Technology Corp (6224) has net assets worth NT$2.17 Billion TWD (≈ $68.27 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$3.96 Billion ≈ $124.78 Million USD) and total liabilities (NT$1.79 Billion ≈ $56.51 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 6224 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.17 Billion |
| % of Total Assets | 54.71% |
| Annual Growth Rate | 6.57% |
| 5-Year Change | 8.1% |
| 10-Year Change | 17.41% |
| Growth Volatility | 14.8 |
Polytronics Technology Corp - Net Assets Trend (2002–2024)
This chart illustrates how Polytronics Technology Corp's net assets have evolved over time, based on quarterly financial data. Also explore 6224 total assets for the complete picture of this company's asset base.
Annual Net Assets for Polytronics Technology Corp (2002–2024)
The table below shows the annual net assets of Polytronics Technology Corp from 2002 to 2024. For live valuation and market cap data, see 6224 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.43 Billion ≈ $76.63 Million |
-13.59% |
| 2023-12-31 | NT$2.81 Billion ≈ $88.67 Million |
-5.98% |
| 2022-12-31 | NT$2.99 Billion ≈ $94.31 Million |
-10.81% |
| 2021-12-31 | NT$3.36 Billion ≈ $105.74 Million |
+49.18% |
| 2020-12-31 | NT$2.25 Billion ≈ $70.88 Million |
+4.07% |
| 2019-12-31 | NT$2.16 Billion ≈ $68.11 Million |
+1.73% |
| 2018-12-31 | NT$2.13 Billion ≈ $66.96 Million |
+4.65% |
| 2017-12-31 | NT$2.03 Billion ≈ $63.99 Million |
-3.83% |
| 2016-12-31 | NT$2.11 Billion ≈ $66.53 Million |
+1.95% |
| 2015-12-31 | NT$2.07 Billion ≈ $65.26 Million |
+6.46% |
| 2014-12-31 | NT$1.95 Billion ≈ $61.30 Million |
+4.88% |
| 2013-12-31 | NT$1.86 Billion ≈ $58.45 Million |
+4.50% |
| 2012-12-31 | NT$1.78 Billion ≈ $55.94 Million |
+9.85% |
| 2011-12-31 | NT$1.62 Billion ≈ $50.92 Million |
+3.58% |
| 2010-12-31 | NT$1.56 Billion ≈ $49.16 Million |
+43.94% |
| 2009-12-31 | NT$1.08 Billion ≈ $34.15 Million |
+10.72% |
| 2008-12-31 | NT$979.09 Million ≈ $30.85 Million |
-0.89% |
| 2007-12-31 | NT$987.92 Million ≈ $31.12 Million |
+17.52% |
| 2006-12-31 | NT$840.67 Million ≈ $26.49 Million |
+9.94% |
| 2005-12-31 | NT$764.70 Million ≈ $24.09 Million |
-4.39% |
| 2004-12-31 | NT$799.82 Million ≈ $25.20 Million |
+9.25% |
| 2003-12-31 | NT$732.09 Million ≈ $23.06 Million |
+21.98% |
| 2002-12-31 | NT$600.18 Million ≈ $18.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Polytronics 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 398.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$509.79 Million | 21.72% |
| Common Stock | NT$856.45 Million | 36.49% |
| Other Components | NT$981.01 Million | 41.79% |
| Total Equity | NT$2.35 Billion | 100.00% |
Polytronics Technology Corp Competitors by Market Cap
The table below lists competitors of Polytronics Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
InfuSystems Holdings Inc
NYSE MKT:INFU
|
$195.63 Million |
|
Tribune Resources Ltd
AU:TBR
|
$195.65 Million |
|
Arise Windpower AB
ST:ARISE
|
$195.75 Million |
|
TigerElec Co. Ltd
KQ:219130
|
$195.77 Million |
|
Surrozen Inc
NASDAQ:SRZN
|
$195.43 Million |
|
Embention Sistemas Inteligentes S.A.
PA:MLUAV
|
$195.34 Million |
|
First Hotel Co Ltd
TW:2706
|
$195.33 Million |
|
Stove Kraft Limited
NSE:STOVEKRAFT
|
$195.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polytronics Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,586,315,000 to 2,347,247,000, a change of -239,068,000 (-9.2%).
- Net income of 190,945,000 contributed positively to equity growth.
- Dividend payments of 128,468,000 reduced retained earnings.
- Other comprehensive income decreased equity by 641,286,000.
- Other factors increased equity by 339,741,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$190.94 Million | +8.13% |
| Dividends Paid | NT$128.47 Million | -5.47% |
| Other Comprehensive Income | NT$-641.29 Million | -27.32% |
| Other Changes | NT$339.74 Million | +14.47% |
| Total Change | NT$- | -9.24% |
Book Value vs Market Value Analysis
This analysis compares Polytronics 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: 2.78x
- 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 6.41x to 2.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$11.43 | NT$73.30 | x |
| 2005-12-31 | NT$11.03 | NT$73.30 | x |
| 2006-12-31 | NT$12.08 | NT$73.30 | x |
| 2007-12-31 | NT$13.77 | NT$73.30 | x |
| 2008-12-31 | NT$13.04 | NT$73.30 | x |
| 2009-12-31 | NT$14.93 | NT$73.30 | x |
| 2010-12-31 | NT$20.14 | NT$73.30 | x |
| 2011-12-31 | NT$19.75 | NT$73.30 | x |
| 2012-12-31 | NT$21.68 | NT$73.30 | x |
| 2013-12-31 | NT$22.54 | NT$73.30 | x |
| 2014-12-31 | NT$23.65 | NT$73.30 | x |
| 2015-12-31 | NT$25.15 | NT$73.30 | x |
| 2016-12-31 | NT$25.24 | NT$73.30 | x |
| 2017-12-31 | NT$24.68 | NT$73.30 | x |
| 2018-12-31 | NT$25.83 | NT$73.30 | x |
| 2019-12-31 | NT$26.31 | NT$73.30 | x |
| 2020-12-31 | NT$27.87 | NT$73.30 | x |
| 2021-12-31 | NT$32.56 | NT$73.30 | x |
| 2022-12-31 | NT$30.43 | NT$73.30 | x |
| 2023-12-31 | NT$29.95 | NT$73.30 | x |
| 2024-12-31 | NT$26.34 | NT$73.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polytronics 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): 8.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.53%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.87x
- Recent ROE (8.13%) is below the historical average (17.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 17.02% | 24.86% | 0.60x | 1.15x | NT$42.14 Million |
| 2003 | 21.41% | 27.64% | 0.64x | 1.21x | NT$83.49 Million |
| 2004 | 19.09% | 26.73% | 0.57x | 1.26x | NT$72.69 Million |
| 2005 | 17.08% | 19.45% | 0.67x | 1.31x | NT$54.12 Million |
| 2006 | 19.05% | 22.50% | 0.70x | 1.21x | NT$76.12 Million |
| 2007 | 20.82% | 23.84% | 0.73x | 1.20x | NT$106.91 Million |
| 2008 | 16.54% | 18.04% | 0.68x | 1.35x | NT$64.01 Million |
| 2009 | 18.39% | 21.01% | 0.69x | 1.26x | NT$91.00 Million |
| 2010 | 22.53% | 25.61% | 0.68x | 1.30x | NT$195.57 Million |
| 2011 | 23.09% | 24.39% | 0.73x | 1.29x | NT$211.62 Million |
| 2012 | 22.05% | 22.98% | 0.70x | 1.36x | NT$213.99 Million |
| 2013 | 20.34% | 25.22% | 0.63x | 1.27x | NT$191.76 Million |
| 2014 | 20.59% | 24.94% | 0.66x | 1.25x | NT$206.11 Million |
| 2015 | 22.52% | 27.87% | 0.67x | 1.21x | NT$259.38 Million |
| 2016 | 19.50% | 24.48% | 0.64x | 1.24x | NT$197.41 Million |
| 2017 | 16.14% | 21.41% | 0.63x | 1.19x | NT$124.61 Million |
| 2018 | 16.47% | 20.98% | 0.63x | 1.24x | NT$137.51 Million |
| 2019 | 17.02% | 22.23% | 0.56x | 1.37x | NT$151.87 Million |
| 2020 | 17.81% | 22.67% | 0.51x | 1.53x | NT$175.65 Million |
| 2021 | 17.98% | 16.55% | 0.56x | 1.95x | NT$226.45 Million |
| 2022 | 3.42% | 3.06% | 0.64x | 1.74x | NT$-173.16 Million |
| 2023 | 4.11% | 3.81% | 0.65x | 1.67x | NT$-152.28 Million |
| 2024 | 8.13% | 6.53% | 0.67x | 1.87x | NT$-43.78 Million |
Industry Comparison
This section compares Polytronics Technology Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polytronics Technology Corp (6224) | NT$2.17 Billion | 17.02% | 0.83x | $195.48 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Polytronics Technology Corp
Polytronics Technology Corp. manufactures and sells polymeric positive temperature coefficient (PPTC) products. It provides over current protection devices, such as EVERFUSE PPTC devices, current limiting module, surface mount fuses, electronic fuses, and current sensing resistors; over voltage protection devices, which includes transient voltage suppressor, thyristor surge suppressor, electrosta… Read more