Associated Industries China Inc (9912) - Net Assets
Based on the latest financial reports, Associated Industries China Inc (9912) has net assets worth NT$380.86 Million TWD (≈ $12.00 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$816.55 Million ≈ $25.73 Million USD) and total liabilities (NT$435.69 Million ≈ $13.73 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 Associated Industries China Inc (9912) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$380.86 Million |
| % of Total Assets | 46.64% |
| Annual Growth Rate | -4.68% |
| 5-Year Change | -5.75% |
| 10-Year Change | -28.14% |
| Growth Volatility | 25.45 |
Associated Industries China Inc - Net Assets Trend (2002–2025)
This chart illustrates how Associated Industries China Inc's net assets have evolved over time, based on quarterly financial data. See 9912 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Associated Industries China Inc (2002–2025)
The table below shows the annual net assets of Associated Industries China Inc from 2002 to 2025. For live valuation and market cap data, see Associated Industries China Inc (9912) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$396.42 Million ≈ $12.49 Million |
-12.18% |
| 2024-12-31 | NT$451.40 Million ≈ $14.22 Million |
+11.07% |
| 2023-12-31 | NT$406.41 Million ≈ $12.80 Million |
-5.75% |
| 2022-12-31 | NT$431.18 Million ≈ $13.58 Million |
+2.52% |
| 2021-12-31 | NT$420.58 Million ≈ $13.25 Million |
+0.24% |
| 2020-12-31 | NT$419.57 Million ≈ $13.22 Million |
-5.99% |
| 2019-12-31 | NT$446.32 Million ≈ $14.06 Million |
-23.74% |
| 2018-12-31 | NT$585.26 Million ≈ $18.44 Million |
+3.28% |
| 2017-12-31 | NT$566.68 Million ≈ $17.85 Million |
+2.72% |
| 2016-12-31 | NT$551.69 Million ≈ $17.38 Million |
-3.02% |
| 2015-12-31 | NT$568.87 Million ≈ $17.92 Million |
-17.15% |
| 2014-12-31 | NT$686.62 Million ≈ $21.63 Million |
-6.60% |
| 2013-12-31 | NT$735.11 Million ≈ $23.16 Million |
-20.19% |
| 2012-12-31 | NT$921.06 Million ≈ $29.02 Million |
+101.33% |
| 2011-12-31 | NT$457.48 Million ≈ $14.41 Million |
+7.81% |
| 2010-12-31 | NT$424.36 Million ≈ $13.37 Million |
-0.83% |
| 2009-12-31 | NT$427.91 Million ≈ $13.48 Million |
-11.85% |
| 2008-12-31 | NT$485.42 Million ≈ $15.29 Million |
-1.62% |
| 2007-12-31 | NT$493.41 Million ≈ $15.55 Million |
+10.13% |
| 2006-12-31 | NT$448.01 Million ≈ $14.11 Million |
-3.90% |
| 2005-12-31 | NT$466.20 Million ≈ $14.69 Million |
-3.72% |
| 2004-12-31 | NT$484.20 Million ≈ $15.25 Million |
-45.26% |
| 2003-12-31 | NT$884.50 Million ≈ $27.87 Million |
-25.83% |
| 2002-12-31 | NT$1.19 Billion ≈ $37.57 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Associated Industries China 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 23179100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$541.71 Million | 139.74% |
| Other Comprehensive Income | NT$51.94 Million | 13.40% |
| Other Components | NT$25.79 Million | 6.65% |
| Total Equity | NT$387.64 Million | 100.00% |
Associated Industries China Inc Competitors by Market Cap
The table below lists competitors of Associated Industries China Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sah Polymers Limited
NSE:SAH
|
$21.26 Million |
|
Cliq Digital AG
XETRA:CLIQ
|
$21.26 Million |
|
Lulu's Fashion Lounge Holdings Inc
NASDAQ:LVLU
|
$21.27 Million |
|
DUG Foodtech AB (publ)
ST:VUXEN
|
$21.27 Million |
|
Elspec
TA:ELSPC
|
$21.25 Million |
|
Lodzia
TA:LODZ
|
$21.24 Million |
|
Kronologi Asia Bhd
KLSE:0176
|
$21.24 Million |
|
Sogn Sparebank
OL:SOGN
|
$21.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Associated Industries China Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 440,919,000 to 387,642,000, a change of -53,277,000 (-12.1%).
- Net loss of 59,676,000 reduced equity.
- Other comprehensive income increased equity by 51,937,999.
- Other factors decreased equity by 45,538,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-59.68 Million | -15.39% |
| Other Comprehensive Income | NT$51.94 Million | +13.4% |
| Other Changes | NT$-45.54 Million | -11.75% |
| Total Change | NT$- | -12.08% |
Book Value vs Market Value Analysis
This analysis compares Associated Industries China 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: 1.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.48x to 1.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$8.42 | NT$12.45 | x |
| 2010-12-31 | NT$8.35 | NT$12.45 | x |
| 2011-12-31 | NT$9.00 | NT$12.45 | x |
| 2012-12-31 | NT$17.36 | NT$12.45 | x |
| 2013-12-31 | NT$14.22 | NT$12.45 | x |
| 2014-12-31 | NT$13.08 | NT$12.45 | x |
| 2015-12-31 | NT$10.84 | NT$12.45 | x |
| 2016-12-31 | NT$10.51 | NT$12.45 | x |
| 2017-12-31 | NT$10.75 | NT$12.45 | x |
| 2018-12-31 | NT$11.15 | NT$12.45 | x |
| 2019-12-31 | NT$8.71 | NT$12.45 | x |
| 2020-12-31 | NT$8.44 | NT$12.45 | x |
| 2021-12-31 | NT$8.28 | NT$12.45 | x |
| 2022-12-31 | NT$8.31 | NT$12.45 | x |
| 2023-12-31 | NT$7.93 | NT$12.45 | x |
| 2024-12-31 | NT$8.36 | NT$12.45 | x |
| 2025-12-31 | NT$7.28 | NT$12.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Associated Industries China Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -15.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.79%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.11x
- Recent ROE (-15.39%) is below the historical average (-0.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.50% | 0.06% | 2.68x | 2.99x | NT$-42.56 Million |
| 2007 | 11.68% | 2.14% | 2.01x | 2.72x | NT$8.27 Million |
| 2009 | -13.23% | -6.67% | 0.91x | 2.19x | NT$-99.40 Million |
| 2010 | -7.79% | -5.02% | 0.82x | 1.89x | NT$-75.51 Million |
| 2011 | 1.47% | 0.94% | 0.70x | 2.23x | NT$-39.00 Million |
| 2012 | 70.86% | 101.84% | 0.58x | 1.21x | NT$560.60 Million |
| 2013 | -2.46% | -2.89% | 0.68x | 1.24x | NT$-91.60 Million |
| 2014 | 0.09% | 0.09% | 0.80x | 1.25x | NT$-68.05 Million |
| 2015 | -9.92% | -8.29% | 0.79x | 1.52x | NT$-113.33 Million |
| 2016 | -1.50% | -1.09% | 1.00x | 1.38x | NT$-63.42 Million |
| 2017 | 1.52% | 1.15% | 0.94x | 1.40x | NT$-48.07 Million |
| 2018 | 2.07% | 1.62% | 0.91x | 1.40x | NT$-46.43 Million |
| 2019 | -25.28% | -18.88% | 0.77x | 1.73x | NT$-157.44 Million |
| 2020 | -9.11% | -7.09% | 0.78x | 1.65x | NT$-80.19 Million |
| 2021 | 4.34% | 2.89% | 0.83x | 1.82x | NT$-23.82 Million |
| 2022 | -7.37% | -5.20% | 0.77x | 1.84x | NT$-72.88 Million |
| 2023 | -7.42% | -5.84% | 0.71x | 1.79x | NT$-69.99 Million |
| 2024 | -11.71% | -10.24% | 0.60x | 1.89x | NT$-95.74 Million |
| 2025 | -15.39% | -11.79% | 0.62x | 2.11x | NT$-98.44 Million |
Industry Comparison
This section compares Associated Industries China Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $52,636,681,800
- Average return on equity (ROE) among peers: 11.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Associated Industries China Inc (9912) | NT$380.86 Million | 0.50% | 1.14x | $21.25 Million |
| Syncmold Enterprise Corp (1582) | $5.61 Billion | 14.11% | 0.67x | $399.98 Million |
| Fulltech Fiber Glass (1815) | $7.45 Billion | 8.07% | 0.98x | $1.75 Billion |
| Delta Electronics Inc (2308) | $225.37 Billion | 14.49% | 0.89x | $162.04 Billion |
| Compeq Manufacturing Co Ltd (2313) | $23.49 Billion | 10.21% | 1.45x | $8.75 Billion |
| WUS Printed Circuit Co Ltd (2316) | $5.83 Billion | 7.65% | 0.83x | $1.34 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $206.75 Billion | 20.49% | 1.33x | $113.27 Billion |
| Yageo Corp (2327) | $24.80 Billion | 15.94% | 1.17x | $73.45 Billion |
| Pan-International Industrial Corp (2328) | $7.48 Billion | 10.48% | 0.57x | $826.34 Million |
| Chin-Poon Industrial Co Ltd (2355) | $14.81 Billion | 11.94% | 0.62x | $688.78 Million |
| Solomon Technology Corp (2359) | $4.78 Billion | 5.91% | 0.28x | $720.78 Million |
About Associated Industries China Inc
Associated Industries China, Inc. engages in the research and development, and sale of LCD monitors and related components in Taiwan and internationally. The company provides professional monitoring displays comprising robust, 4 HDMI multi-input, 4K, industrial, SDI, essential BNC, and NDAA compliance displays; dental monitors, clinical review, and healthcare touch screens; and office monitors. I… Read more