ASRock Rack Incorporation
ASRock Rack Incorporation provides cloud computing server hardware products in Taiwan and internationally. It offers barebone products, such as all-flash storage, general purpose storage, and multi-node server products; Open 19 products; server motherboards; workstation motherboards; and accessories. The company was founded in 2013 and is headquartered in Taipei, Taiwan.
ASRock Rack Incorporation (7711) - Net Assets
Latest net assets as of September 2025: NT$1.67 Billion TWD
Based on the latest financial reports, ASRock Rack Incorporation (7711) has net assets worth NT$1.67 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$6.90 Billion) and total liabilities (NT$5.23 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$1.67 Billion |
| % of Total Assets | 24.18% |
| Annual Growth Rate | 26.31% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 30.37 |
ASRock Rack Incorporation - Net Assets Trend (2022–2024)
This chart illustrates how ASRock Rack Incorporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ASRock Rack Incorporation (2022–2024)
The table below shows the annual net assets of ASRock Rack Incorporation from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.34 Billion | +60.30% |
| 2023-12-31 | NT$837.08 Million | -0.45% |
| 2022-12-31 | NT$840.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ASRock Rack Incorporation'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 267.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$505.08 Million | 37.64% |
| Other Components | NT$836.78 Million | 62.36% |
| Total Equity | NT$1.34 Billion | 100.00% |
ASRock Rack Incorporation Competitors by Market Cap
The table below lists competitors of ASRock Rack Incorporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lionco Pharm Grp Co Ltd
SHG:603669
|
$154.20 Million |
|
Shenzhen New Land Co Ltd
SHE:300778
|
$154.21 Million |
|
Hwashin
KO:010690
|
$154.26 Million |
|
Dilip Buildcon Limited
NSE:DBL
|
$154.27 Million |
|
Agrana Beteiligungs AG
XETRA:AGB2
|
$154.15 Million |
|
United Malacca Bhd
KLSE:2593
|
$154.13 Million |
|
VRG SA
WAR:VRG
|
$154.13 Million |
|
Super-Dragon Engineering Plastics Co. Ltd
SHE:301131
|
$154.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ASRock Rack Incorporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 837,084,000 to 1,341,854,000, a change of 504,770,000 (60.3%).
- Net income of 505,071,000 contributed positively to equity growth.
- Dividend payments of 7,098,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$505.07 Million | +37.64% |
| Dividends Paid | NT$7.10 Million | -0.53% |
| Other Changes | NT$6.80 Million | +0.51% |
| Total Change | NT$- | 60.30% |
Book Value vs Market Value Analysis
This analysis compares ASRock Rack Incorporation'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: 10.37x
- 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 16.55x to 10.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | NT$13.48 | NT$223.00 | x |
| 2023-12-31 | NT$13.42 | NT$223.00 | x |
| 2024-12-31 | NT$21.51 | NT$223.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ASRock Rack Incorporation 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): 37.64%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.74%
- • Asset Turnover: 1.99x
- • Equity Multiplier: 3.30x
- Recent ROE (37.64%) is above the historical average (18.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 16.36% | 4.31% | 1.58x | 2.39x | NT$53.44 Million |
| 2023 | 0.94% | 0.29% | 1.39x | 2.32x | NT$-75.80 Million |
| 2024 | 37.64% | 5.74% | 1.99x | 3.30x | NT$370.89 Million |
Industry Comparison
This section compares ASRock Rack Incorporation's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ASRock Rack Incorporation (7711) | NT$1.67 Billion | 16.36% | 3.14x | $154.17 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |