JET Optoelectronics Co., Ltd.
JET Optoelectronics Co., Ltd. designs, manufactures, and sells automotive electronics in Taiwan and internationally. It offers rear-seat entertainment systems, including seat-top, gooseneck, headrest, and overhead systems; vehicle telematics comprising connected cars for head-up display and navigation; and accessories, such as in-car cam, and drive video recorder; as well as dash cam and tire-pre… Read more
JET Optoelectronics Co., Ltd. (2255) - Net Assets
Latest net assets as of June 2025: NT$932.23 Million TWD
Based on the latest financial reports, JET Optoelectronics Co., Ltd. (2255) has net assets worth NT$932.23 Million TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.31 Billion) and total liabilities (NT$1.38 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$932.23 Million |
| % of Total Assets | 40.28% |
| Annual Growth Rate | 32.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.43 |
JET Optoelectronics Co., Ltd. - Net Assets Trend (2020–2024)
This chart illustrates how JET Optoelectronics 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 JET Optoelectronics Co., Ltd. (2020–2024)
The table below shows the annual net assets of JET Optoelectronics Co., Ltd. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.20 Billion | -8.97% |
| 2023-12-31 | NT$1.31 Billion | +0.46% |
| 2022-12-31 | NT$1.31 Billion | +81.37% |
| 2021-12-31 | NT$721.04 Million | +83.29% |
| 2020-12-31 | NT$393.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to JET Optoelectronics 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 17821500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$120.91 Million | 10.11% |
| Common Stock | NT$609.33 Million | 50.95% |
| Other Components | NT$465.69 Million | 38.94% |
| Total Equity | NT$1.20 Billion | 100.00% |
JET Optoelectronics Co., Ltd. Competitors by Market Cap
The table below lists competitors of JET Optoelectronics Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dutaland Bhd
KLSE:3948
|
$9.88 Million |
|
DEXIN CHINA HLD. DL-0005
F:26X
|
$9.88 Million |
|
Techgen Metals Ltd
AU:TG1
|
$9.88 Million |
|
Selangor Dredging Bhd
KLSE:2224
|
$9.89 Million |
|
Bausen Inc.
TWO:2948
|
$9.88 Million |
|
Sherwood Corporation (Thailand) Public Company Limited
BK:SWC
|
$9.87 Million |
|
FSBM Holdings Bhd
KLSE:9377
|
$9.87 Million |
|
River Global Plc
F:DYJ0
|
$9.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JET Optoelectronics Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,313,730,000 to 1,195,926,000, a change of -117,804,000 (-9.0%).
- Net loss of 129,018,000 reduced equity.
- Dividend payments of 8,990,000 reduced retained earnings.
- Other comprehensive income decreased equity by 60,367,000.
- Other factors increased equity by 80,571,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-129.02 Million | -10.79% |
| Dividends Paid | NT$8.99 Million | -0.75% |
| Other Comprehensive Income | NT$-60.37 Million | -5.05% |
| Other Changes | NT$80.57 Million | +6.74% |
| Total Change | NT$- | -8.97% |
Book Value vs Market Value Analysis
This analysis compares JET Optoelectronics 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: 0.90x
- 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 decreased from 2.04x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$8.70 | NT$17.70 | x |
| 2021-12-31 | NT$15.56 | NT$17.70 | x |
| 2022-12-31 | NT$23.55 | NT$17.70 | x |
| 2023-12-31 | NT$21.53 | NT$17.70 | x |
| 2024-12-31 | NT$19.62 | NT$17.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JET Optoelectronics Co., Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.60%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.42x
- Recent ROE (-10.79%) is below the historical average (1.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -24.43% | -4.70% | 1.03x | 5.03x | NT$-102.41 Million |
| 2021 | 21.77% | 5.35% | 1.32x | 3.09x | NT$79.34 Million |
| 2022 | 17.59% | 7.04% | 1.01x | 2.46x | NT$93.11 Million |
| 2023 | 3.32% | 1.59% | 0.94x | 2.22x | NT$-87.69 Million |
| 2024 | -10.79% | -6.60% | 0.67x | 2.42x | NT$-248.61 Million |
Industry Comparison
This section compares JET Optoelectronics Co., Ltd.'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,968,073,800
- Average return on equity (ROE) among peers: 6.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JET Optoelectronics Co., Ltd. (2255) | NT$932.23 Million | -24.43% | 1.48x | $9.88 Million |
| Tong Yang Industry Co Ltd (1319) | $21.87 Billion | 8.81% | 0.70x | $975.38 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.66 Billion | 6.42% | 0.51x | $21.83 Million |
| Hiroca Holdings Ltd (1338) | $4.24 Billion | 7.42% | 0.52x | $26.55 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.44 Billion | 8.94% | 0.84x | $26.48 Million |
| Right Way Industrial Co Ltd (1506) | $1.21 Billion | -6.78% | 1.25x | $44.86 Million |
| Jui Li Enterprise Co Ltd (1512) | $2.05 Billion | 3.24% | 0.95x | $14.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.77 Billion | 2.39% | 0.89x | $18.53 Million |
| TYC Brother Industrial Co Ltd (1522) | $6.62 Billion | 9.41% | 2.24x | $163.24 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.70 Billion | 13.03% | 0.98x | $89.13 Million |
| Kian Shen Corp (1525) | $4.11 Billion | 11.02% | 0.21x | $31.62 Million |