PlayNitride Inc.
PlayNitride Inc. engages in the research and development, manufacture, and sale of MicroLED display products, modules, and panels in Taiwan, Korea, and internationally. The company also offers design, installation, and maintenance of processing equipment; consulting services; and licensing of technologies. Its MicroLED products are used in large displays, medium and small displays, and flexible d… Read more
PlayNitride Inc. (6854) - Net Assets
Latest net assets as of December 2025: NT$3.84 Billion TWD
Based on the latest financial reports, PlayNitride Inc. (6854) has net assets worth NT$3.84 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.17 Billion) and total liabilities (NT$1.33 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$3.84 Billion |
| % of Total Assets | 74.27% |
| Annual Growth Rate | 13.17% |
| 5-Year Change | 61.95% |
| 10-Year Change | N/A |
| Growth Volatility | 36.14 |
PlayNitride Inc. - Net Assets Trend (2020–2025)
This chart illustrates how PlayNitride 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 PlayNitride Inc. (2020–2025)
The table below shows the annual net assets of PlayNitride Inc. from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.84 Billion | +86.45% |
| 2024-12-31 | NT$2.06 Billion | +5.43% |
| 2023-12-31 | NT$1.95 Billion | -20.22% |
| 2022-12-31 | NT$2.45 Billion | +3.27% |
| 2021-12-31 | NT$2.37 Billion | +14.62% |
| 2020-12-31 | NT$2.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PlayNitride 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 235244699900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.18 Billion | 30.66% |
| Other Comprehensive Income | NT$275.36 Million | 7.17% |
| Other Components | NT$8.21 Billion | 213.78% |
| Total Equity | NT$3.84 Billion | 100.00% |
PlayNitride Inc. Competitors by Market Cap
The table below lists competitors of PlayNitride Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Decro Film New
SHE:001378
|
$241.78 Million |
|
Karat Packaging Inc
NASDAQ:KRT
|
$241.81 Million |
|
Marssenger Kitchenware Co. Ltd.
SHE:300894
|
$241.91 Million |
|
NWTN Inc. Class B Ordinary Shares
NASDAQ:NWTN
|
$241.94 Million |
|
Handa Pharmaceuticals Inc.
TWO:6620
|
$241.75 Million |
|
Sichuan Huiyuan Optical Com
SHE:000586
|
$241.69 Million |
|
GnCenergy Co Ltd
KQ:119850
|
$241.68 Million |
|
Mirae Asset Venture Investment Co. Ltd
KQ:100790
|
$241.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PlayNitride Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,058,820,000 to 3,838,589,999, a change of 1,779,769,999 (86.4%).
- Net loss of 117,070,000 reduced equity.
- Other comprehensive income increased equity by 36,263,000.
- Other factors increased equity by 1,860,576,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-117.07 Million | -3.05% |
| Other Comprehensive Income | NT$36.26 Million | +0.94% |
| Other Changes | NT$1.86 Billion | +48.47% |
| Total Change | NT$- | 86.45% |
Book Value vs Market Value Analysis
This analysis compares PlayNitride 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: 4.15x
- 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 0.48x to 4.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$290.36 | NT$138.50 | x |
| 2021-12-31 | NT$165.39 | NT$138.50 | x |
| 2022-12-31 | NT$23.71 | NT$138.50 | x |
| 2023-12-31 | NT$18.22 | NT$138.50 | x |
| 2024-12-31 | NT$19.08 | NT$138.50 | x |
| 2025-12-31 | NT$33.35 | NT$138.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PlayNitride Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.66%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.35x
- Recent ROE (-3.05%) is above the historical average (-28.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -72.25% | -1220.47% | 0.05x | 1.13x | NT$-1.70 Billion |
| 2021 | -51.39% | -594.25% | 0.08x | 1.14x | NT$-1.46 Billion |
| 2022 | -23.06% | -139.80% | 0.14x | 1.20x | NT$-809.28 Million |
| 2023 | -26.26% | -54.38% | 0.41x | 1.18x | NT$-708.11 Million |
| 2024 | 2.92% | 3.40% | 0.69x | 1.25x | NT$-145.79 Million |
| 2025 | -3.05% | -8.66% | 0.26x | 1.35x | NT$-500.93 Million |
Industry Comparison
This section compares PlayNitride Inc.'s net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PlayNitride Inc. (6854) | NT$3.84 Billion | -72.25% | 0.35x | $241.78 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |