Ace Pillar Co Ltd
Ace Pillar Co., Ltd., together with its subsidiaries, engages in the testing, processing, selling, repairment, electromechanical integration of automation control and mechanical transmission system; and intelligent technology service. It offers motion control and monitor systems IPC, motion controller, CNC controller, PLC, HMI, ethernet solution, remote IO, static eliminators, power supply, senso… Read more
Ace Pillar Co Ltd (8374) - Net Assets
Latest net assets as of September 2025: NT$2.97 Billion TWD
Based on the latest financial reports, Ace Pillar Co Ltd (8374) has net assets worth NT$2.97 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$5.08 Billion) and total liabilities (NT$2.11 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$2.97 Billion |
| % of Total Assets | 58.53% |
| Annual Growth Rate | 8.98% |
| 5-Year Change | 47.22% |
| 10-Year Change | 112.35% |
| Growth Volatility | 12.51 |
Ace Pillar Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Ace Pillar 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 Ace Pillar Co Ltd (2002–2024)
The table below shows the annual net assets of Ace Pillar Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.90 Billion | +40.53% |
| 2023-12-31 | NT$2.06 Billion | -3.43% |
| 2022-12-31 | NT$2.14 Billion | +4.11% |
| 2021-12-31 | NT$2.05 Billion | +4.20% |
| 2020-12-31 | NT$1.97 Billion | +2.39% |
| 2019-12-31 | NT$1.92 Billion | +20.77% |
| 2018-12-31 | NT$1.59 Billion | +4.47% |
| 2017-12-31 | NT$1.53 Billion | +13.52% |
| 2016-12-31 | NT$1.34 Billion | -1.64% |
| 2015-12-31 | NT$1.37 Billion | -9.93% |
| 2014-12-31 | NT$1.52 Billion | -7.06% |
| 2013-12-31 | NT$1.63 Billion | +4.47% |
| 2012-12-31 | NT$1.56 Billion | -11.42% |
| 2011-12-31 | NT$1.76 Billion | +19.96% |
| 2010-12-31 | NT$1.47 Billion | +13.25% |
| 2009-12-31 | NT$1.30 Billion | +6.03% |
| 2008-12-31 | NT$1.22 Billion | +20.57% |
| 2007-12-31 | NT$1.02 Billion | +27.92% |
| 2006-12-31 | NT$793.74 Million | +19.26% |
| 2005-12-31 | NT$665.53 Million | +17.80% |
| 2004-12-31 | NT$564.95 Million | +12.71% |
| 2003-12-31 | NT$501.25 Million | +14.51% |
| 2002-12-31 | NT$437.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ace Pillar 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 392.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$606.00 Million | 29.01% |
| Common Stock | NT$1.12 Billion | 53.73% |
| Other Comprehensive Income | NT$-18.38 Million | -0.88% |
| Other Components | NT$378.84 Million | 18.14% |
| Total Equity | NT$2.09 Billion | 100.00% |
Ace Pillar Co Ltd Competitors by Market Cap
The table below lists competitors of Ace Pillar Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Quantum eMotion Inc
OTCQB:QNCCF
|
$73.65 Million |
|
VIA RENEWABLES PFD.SE.A
F:SLE1
|
$73.68 Million |
|
Bank Multiarta Sentosa PT
JK:MASB
|
$73.73 Million |
|
Kandi Technologies Group Inc
NASDAQ:KNDI
|
$73.75 Million |
|
GAMCO Investors Inc
OTCQX:GAMI
|
$73.61 Million |
|
S. P. Apparels Limited
NSE:SPAL
|
$73.53 Million |
|
Monarch Networth Capital Limited
NSE:MONARCH
|
$73.51 Million |
|
DFI Inc
TW:2397
|
$73.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ace Pillar Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,968,874,000 to 2,088,965,000, a change of 120,091,000 (6.1%).
- Net income of 67,390,000 contributed positively to equity growth.
- Dividend payments of 33,675,000 reduced retained earnings.
- Other comprehensive income decreased equity by 346,677,999.
- Other factors increased equity by 433,053,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$67.39 Million | +3.23% |
| Dividends Paid | NT$33.67 Million | -1.61% |
| Other Comprehensive Income | NT$-346.68 Million | -16.6% |
| Other Changes | NT$433.05 Million | +20.73% |
| Total Change | NT$- | 6.10% |
Book Value vs Market Value Analysis
This analysis compares Ace Pillar 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: 3.95x
- 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 6.24x to 3.95x 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$11.77 | NT$73.50 | x |
| 2010-12-31 | NT$13.19 | NT$73.50 | x |
| 2011-12-31 | NT$19.30 | NT$73.50 | x |
| 2012-12-31 | NT$17.68 | NT$73.50 | x |
| 2013-12-31 | NT$18.48 | NT$73.50 | x |
| 2014-12-31 | NT$17.31 | NT$73.50 | x |
| 2015-12-31 | NT$15.60 | NT$73.50 | x |
| 2016-12-31 | NT$15.33 | NT$73.50 | x |
| 2017-12-31 | NT$17.29 | NT$73.50 | x |
| 2018-12-31 | NT$17.81 | NT$73.50 | x |
| 2019-12-31 | NT$20.33 | NT$73.50 | x |
| 2020-12-31 | NT$17.54 | NT$73.50 | x |
| 2021-12-31 | NT$18.27 | NT$73.50 | x |
| 2022-12-31 | NT$18.23 | NT$73.50 | x |
| 2023-12-31 | NT$17.54 | NT$73.50 | x |
| 2024-12-31 | NT$18.61 | NT$73.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ace Pillar 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): 3.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.83%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.60x
- Recent ROE (3.23%) is below the historical average (9.28%), 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 | 16.94% | 6.82% | 1.44x | 1.73x | NT$27.18 Million |
| 2003 | 21.58% | 7.78% | 1.59x | 1.75x | NT$51.60 Million |
| 2004 | 24.95% | 8.57% | 1.76x | 1.65x | NT$74.67 Million |
| 2005 | 17.27% | 5.98% | 1.48x | 1.95x | NT$41.31 Million |
| 2007 | 23.75% | 6.17% | 1.56x | 2.48x | NT$114.49 Million |
| 2008 | 14.24% | 4.01% | 1.42x | 2.50x | NT$41.46 Million |
| 2009 | 14.03% | 4.55% | 1.43x | 2.15x | NT$41.53 Million |
| 2010 | 26.93% | 6.33% | 1.54x | 2.77x | NT$195.29 Million |
| 2011 | 28.70% | 10.57% | 1.10x | 2.46x | NT$328.28 Million |
| 2012 | -0.97% | -0.36% | 1.10x | 2.45x | NT$-169.77 Million |
| 2013 | 1.32% | 0.52% | 1.00x | 2.55x | NT$-140.61 Million |
| 2014 | -8.63% | -3.01% | 0.98x | 2.94x | NT$-282.63 Million |
| 2015 | -10.88% | -3.94% | 1.07x | 2.58x | NT$-285.25 Million |
| 2016 | 2.17% | 0.80% | 1.19x | 2.27x | NT$-105.26 Million |
| 2017 | 11.74% | 4.73% | 1.21x | 2.05x | NT$26.56 Million |
| 2018 | 7.14% | 3.10% | 1.16x | 1.98x | NT$-45.57 Million |
| 2019 | -3.84% | -2.53% | 0.97x | 1.56x | NT$-266.26 Million |
| 2020 | 4.42% | 3.17% | 1.00x | 1.40x | NT$-109.86 Million |
| 2021 | 7.20% | 4.16% | 1.16x | 1.49x | NT$-57.41 Million |
| 2022 | 3.85% | 2.10% | 1.13x | 1.62x | NT$-125.86 Million |
| 2023 | -1.06% | -0.69% | 1.03x | 1.50x | NT$-217.83 Million |
| 2024 | 3.23% | 1.83% | 0.68x | 2.60x | NT$-141.51 Million |
Industry Comparison
This section compares Ace Pillar Co Ltd's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $1,501,701,333
- Average return on equity (ROE) among peers: -3.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ace Pillar Co Ltd (8374) | NT$2.97 Billion | 16.94% | 0.71x | $73.62 Million |
| Howteh Technology Co Ltd (3114) | $800.39 Million | 2.72% | 0.89x | $29.24 Million |
| Lumax International Corp Ltd (6192) | $3.62 Billion | 17.65% | 0.70x | $250.66 Million |
| BH Global Corporation Limited (911608) | $83.34 Million | -32.08% | 1.04x | $3.57 Million |