Polylite Taiwan Co Ltd (1813) - Net Assets
Based on the latest financial reports, Polylite Taiwan Co Ltd (1813) has net assets worth NT$670.81 Million TWD (≈ $21.13 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$985.37 Million ≈ $31.04 Million USD) and total liabilities (NT$314.57 Million ≈ $9.91 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 1813 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$670.81 Million |
| % of Total Assets | 68.08% |
| Annual Growth Rate | -4.01% |
| 5-Year Change | -20.15% |
| 10-Year Change | N/A |
| Growth Volatility | 5.01 |
Polylite Taiwan Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Polylite Taiwan Co Ltd's net assets have evolved over time, based on quarterly financial data. See Polylite Taiwan Co Ltd (1813) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Polylite Taiwan Co Ltd (2015–2024)
The table below shows the annual net assets of Polylite Taiwan Co Ltd from 2015 to 2024. For live valuation and market cap data, see Polylite Taiwan Co Ltd (1813) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$705.68 Million ≈ $22.23 Million |
-8.45% |
| 2023-12-31 | NT$770.86 Million ≈ $24.29 Million |
-6.19% |
| 2022-12-31 | NT$821.74 Million ≈ $25.89 Million |
-1.93% |
| 2021-12-31 | NT$837.88 Million ≈ $26.40 Million |
-5.20% |
| 2020-12-31 | NT$883.80 Million ≈ $27.84 Million |
-5.23% |
| 2019-12-31 | NT$932.55 Million ≈ $29.38 Million |
-8.35% |
| 2018-12-31 | NT$1.02 Billion ≈ $32.06 Million |
+0.66% |
| 2017-12-31 | NT$1.01 Billion ≈ $31.85 Million |
-8.03% |
| 2016-12-31 | NT$1.10 Billion ≈ $34.63 Million |
+7.71% |
| 2015-12-31 | NT$1.02 Billion ≈ $32.15 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Polylite Taiwan 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 decreased by 109.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$751.84 Million | 103.88% |
| Total Equity | NT$723.73 Million | 100.00% |
Polylite Taiwan Co Ltd Competitors by Market Cap
The table below lists competitors of Polylite Taiwan Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alliance Nickel Ltd
AU:AXN
|
$17.42 Million |
|
Sangsangin Industry Co. Ltd.
KQ:101000
|
$17.42 Million |
|
I Synergy Group Ltd
AU:IS3
|
$17.42 Million |
|
Alpha Microelectronics
TWO:8024
|
$17.43 Million |
|
Churchill Resources Inc
V:CRI
|
$17.41 Million |
|
Revolver Resources Holdings Ltd
AU:RRR
|
$17.40 Million |
|
TPC Power Holding Public Company Limited
BK:TPCH
|
$17.38 Million |
|
Lakes Oil NL
AU:LKO
|
$17.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polylite Taiwan Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 774,951,000 to 723,733,000, a change of -51,218,000 (-6.6%).
- Net loss of 29,299,000 reduced equity.
- Dividend payments of 23,318,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-29.30 Million | -4.05% |
| Dividends Paid | NT$23.32 Million | -3.22% |
| Other Changes | NT$1.40 Million | +0.19% |
| Total Change | NT$- | -6.61% |
Book Value vs Market Value Analysis
This analysis compares Polylite Taiwan 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: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.60x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$19.80 | NT$11.85 | x |
| 2018-12-31 | NT$20.33 | NT$11.85 | x |
| 2019-12-31 | NT$19.17 | NT$11.85 | x |
| 2020-12-31 | NT$18.15 | NT$11.85 | x |
| 2021-12-31 | NT$17.45 | NT$11.85 | x |
| 2022-12-31 | NT$17.41 | NT$11.85 | x |
| 2023-12-31 | NT$16.61 | NT$11.85 | x |
| 2024-12-31 | NT$15.52 | NT$11.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polylite Taiwan Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.45%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.39x
- Recent ROE (-4.05%) is below the historical average (2.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 9.68% | 25.19% | 0.35x | 1.11x | NT$-3.28 Million |
| 2016 | 5.11% | 15.71% | 0.26x | 1.26x | NT$-47.94 Million |
| 2017 | 0.23% | 0.53% | 0.30x | 1.43x | NT$-90.22 Million |
| 2018 | 6.74% | 13.92% | 0.40x | 1.23x | NT$-30.87 Million |
| 2019 | 5.50% | 9.85% | 0.43x | 1.30x | NT$-40.26 Million |
| 2020 | -0.02% | -0.04% | 0.35x | 1.50x | NT$-84.85 Million |
| 2021 | -1.61% | -2.91% | 0.36x | 1.55x | NT$-94.50 Million |
| 2022 | 0.83% | 1.85% | 0.32x | 1.40x | NT$-74.48 Million |
| 2023 | 1.44% | 3.11% | 0.34x | 1.35x | NT$-66.30 Million |
| 2024 | -4.05% | -9.45% | 0.31x | 1.39x | NT$-101.67 Million |
Industry Comparison
This section compares Polylite Taiwan Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $102,423,382,333
- Average return on equity (ROE) among peers: -7.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polylite Taiwan Co Ltd (1813) | NT$670.81 Million | 9.68% | 0.47x | $17.41 Million |
| United Microelectronics Corporation (2303) | $214.10 Billion | 1.81% | 0.18x | $55.44 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.13 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $578.70 Billion | 27.93% | 0.24x | $1.95 Trillion |
| Macronix International Co Ltd (2337) | $18.43 Billion | -22.72% | 1.04x | $9.43 Billion |
| Optotech Corp (2340) | $6.01 Billion | 5.81% | 0.81x | $531.12 Million |
| Mosel Vitelic Inc (2342) | $31.49 Billion | 0.00% | 1.13x | $249.14 Million |
| Winbond Electronics Corp (2344) | $34.42 Billion | -25.03% | 0.96x | $28.21 Billion |
| Silicon Integrated Systems Corp (2363) | $9.58 Billion | -65.65% | 0.06x | $957.27 Million |
| Realtek Semiconductor Corp (2379) | $24.65 Billion | 17.65% | 1.36x | $12.04 Billion |
About Polylite Taiwan Co Ltd
Polylite Taiwan Co., Ltd. processes, manufactures, imports and exports, and sells various lenses, optical instruments, and medical equipment worldwide. Its GIA polycarbonate lenses, including FSV, SFSV, progressive, KID, and polarized lenses. The company was founded in 1982 and is based in Taoyuan City, Taiwan.