AP Memory Technology Corp
AP Memory Technology Corporation, together with its subsidiaries, engages in designing, development, licensing, manufacturing, and selling customized memory-related integrated circuit (IC) chip products and technologies in China, Japan, Taiwan, Europe, the Americas, and internationally. The company offers memory-related IC products for use in functional cell phones and Internet of Things (IoT) re… Read more
AP Memory Technology Corp (6531) - Net Assets
Latest net assets as of September 2025: NT$11.54 Billion TWD
Based on the latest financial reports, AP Memory Technology Corp (6531) has net assets worth NT$11.54 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$13.38 Billion) and total liabilities (NT$1.84 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$11.54 Billion |
| % of Total Assets | 86.26% |
| Annual Growth Rate | 25.83% |
| 5-Year Change | 283.73% |
| 10-Year Change | 579.56% |
| Growth Volatility | 40.5 |
AP Memory Technology Corp - Net Assets Trend (2013–2024)
This chart illustrates how AP Memory 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 AP Memory Technology Corp (2013–2024)
The table below shows the annual net assets of AP Memory Technology Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.91 Billion | +5.17% |
| 2023-12-31 | NT$11.32 Billion | +3.39% |
| 2022-12-31 | NT$10.95 Billion | +128.38% |
| 2021-12-31 | NT$4.79 Billion | +54.53% |
| 2020-12-31 | NT$3.10 Billion | +43.49% |
| 2019-12-31 | NT$2.16 Billion | -18.04% |
| 2018-12-31 | NT$2.64 Billion | +1.58% |
| 2017-12-31 | NT$2.60 Billion | -10.60% |
| 2016-12-31 | NT$2.91 Billion | +65.82% |
| 2015-12-31 | NT$1.75 Billion | +27.14% |
| 2014-12-31 | NT$1.38 Billion | +44.98% |
| 2013-12-31 | NT$950.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AP Memory 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 555.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.02 Billion | 33.73% |
| Common Stock | NT$811.74 Million | 6.82% |
| Other Comprehensive Income | NT$1.30 Billion | 10.92% |
| Other Components | NT$5.78 Billion | 48.54% |
| Total Equity | NT$11.91 Billion | 100.00% |
AP Memory Technology Corp Competitors by Market Cap
The table below lists competitors of AP Memory Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKEENA RES LTD NEW
F:RXF
|
$1.88 Billion |
|
Benchmark Electronics Inc
NYSE:BHE
|
$1.88 Billion |
|
BAIC Motor Corporation Limited
PINK:BCCMY
|
$1.88 Billion |
|
Glodon Software Co Ltd
SHE:002410
|
$1.88 Billion |
|
PACIFIC PRE. DL-01
F:LF2
|
$1.88 Billion |
|
LG Household & Healthcare
KO:051900
|
$1.88 Billion |
|
Ningbo Ronbay New Energy Tech Ltd
SHG:688005
|
$1.88 Billion |
|
Ecopro Co. Ltd
KQ:086520
|
$1.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AP Memory Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,321,794,000 to 11,907,057,000, a change of 585,263,000 (5.2%).
- Net income of 1,578,232,000 contributed positively to equity growth.
- Dividend payments of 1,135,085,000 reduced retained earnings.
- New share issuances of 24,357,000 increased equity.
- Other comprehensive income increased equity by 1,298,466,000.
- Other factors decreased equity by 1,180,707,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.58 Billion | +13.25% |
| Dividends Paid | NT$1.14 Billion | -9.53% |
| Share Issuances | NT$24.36 Million | +0.2% |
| Other Comprehensive Income | NT$1.30 Billion | +10.91% |
| Other Changes | NT$-1.18 Billion | -9.92% |
| Total Change | NT$- | 5.17% |
Book Value vs Market Value Analysis
This analysis compares AP Memory 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: 7.29x
- 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 71.84x to 7.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | NT$7.39 | NT$531.00 | x |
| 2014-12-31 | NT$10.63 | NT$531.00 | x |
| 2015-12-31 | NT$13.44 | NT$531.00 | x |
| 2016-12-31 | NT$17.73 | NT$531.00 | x |
| 2017-12-31 | NT$17.26 | NT$531.00 | x |
| 2018-12-31 | NT$17.47 | NT$531.00 | x |
| 2019-12-31 | NT$14.59 | NT$531.00 | x |
| 2020-12-31 | NT$20.73 | NT$531.00 | x |
| 2021-12-31 | NT$31.85 | NT$531.00 | x |
| 2022-12-31 | NT$67.47 | NT$531.00 | x |
| 2023-12-31 | NT$69.35 | NT$531.00 | x |
| 2024-12-31 | NT$72.85 | NT$531.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AP Memory 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): 13.25%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.65%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.09x
- Recent ROE (13.25%) is below the historical average (21.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 60.95% | 21.72% | 1.96x | 1.43x | NT$484.29 Million |
| 2014 | 44.64% | 25.34% | 1.35x | 1.31x | NT$477.38 Million |
| 2015 | 26.57% | 17.89% | 1.27x | 1.17x | NT$290.38 Million |
| 2016 | 15.90% | 12.81% | 0.82x | 1.51x | NT$150.25 Million |
| 2017 | 9.68% | 5.93% | 1.31x | 1.25x | NT$-8.42 Million |
| 2018 | 4.38% | 2.44% | 1.22x | 1.47x | NT$-148.38 Million |
| 2019 | -18.27% | -11.41% | 1.09x | 1.47x | NT$-611.32 Million |
| 2020 | 26.16% | 22.87% | 0.89x | 1.28x | NT$501.41 Million |
| 2021 | 42.24% | 30.61% | 1.05x | 1.31x | NT$1.55 Billion |
| 2022 | 17.73% | 38.11% | 0.44x | 1.07x | NT$846.64 Million |
| 2023 | 12.76% | 34.19% | 0.34x | 1.11x | NT$312.79 Million |
| 2024 | 13.25% | 37.65% | 0.32x | 1.09x | NT$387.53 Million |
Industry Comparison
This section compares AP Memory Technology Corp's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $34,454,425,800
- Average return on equity (ROE) among peers: 1.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AP Memory Technology Corp (6531) | NT$11.54 Billion | 60.95% | 0.16x | $1.88 Billion |
| Polylite Taiwan Co Ltd (1813) | $883.80 Million | -0.02% | 0.44x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $11.27 Billion | 16.69% | 0.64x | $836.46 Million |
| Macronix International Co Ltd (2337) | $43.14 Billion | -2.01% | 0.66x | $5.52 Billion |
| Optotech Corp (2340) | $7.91 Billion | 10.80% | 0.37x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $13.91 Billion | 24.57% | 0.89x | $98.63 Million |
| Winbond Electronics Corp (2344) | $61.04 Billion | 0.00% | 0.26x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $15.75 Billion | 0.00% | 0.20x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $19.52 Billion | 15.55% | 0.75x | $6.64 Billion |
| VIA Technologies Inc (2388) | $6.06 Billion | -46.79% | 1.02x | $369.19 Million |
| Nanya Technology Corp (2408) | $165.05 Billion | -3.08% | 0.25x | $8.18 Billion |