Phonic Corporation
Phonic Corporation manufactures and sells in professional audio products in Taiwan, the United States, China, Hong Kong, Guatemala, Chile, India, Israel, and internationally. It offers speakers, including mobile PA systems, studio monitors, and PA speakers; wireless systems, microphones, conference systems, and antenna AMP systems; USB microphones; analog and powered mixers; analog, digital, and … Read more
Phonic Corporation (3067) - Net Assets
Latest net assets as of December 2024: NT$249.14 Million TWD
Based on the latest financial reports, Phonic Corporation (3067) has net assets worth NT$249.14 Million TWD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$298.58 Million) and total liabilities (NT$49.43 Million). 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$249.14 Million |
| % of Total Assets | 83.44% |
| Annual Growth Rate | 12.01% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 26.42 |
Phonic Corporation - Net Assets Trend (2020–2024)
This chart illustrates how Phonic Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Phonic Corporation (2020–2024)
The table below shows the annual net assets of Phonic Corporation from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$249.14 Million | -7.17% |
| 2023-12-31 | NT$268.37 Million | +9.44% |
| 2022-12-31 | NT$245.22 Million | -2.70% |
| 2021-12-31 | NT$252.03 Million | +59.23% |
| 2020-12-31 | NT$158.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Phonic Corporation'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 17528800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$21.76 Million | 8.73% |
| Common Stock | NT$200.00 Million | 80.28% |
| Other Components | NT$27.38 Million | 10.99% |
| Total Equity | NT$249.14 Million | 100.00% |
Phonic Corporation Competitors by Market Cap
The table below lists competitors of Phonic Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Valiant Laboratories Limited
NSE:VALIANTLAB
|
$5.31K |
|
D G Khan Cement Company Ltd
KAR:DGKC
|
$5.31K |
|
Yoshi Innovation SA
WAR:YOS
|
$5.31K |
|
Autodrome PLC
CM:AUTON0000
|
$5.31K |
|
Character Group
LSE:CCT
|
$5.30K |
|
EOI Holding
TW:3717
|
$5.30K |
|
EFU Life Assurance Ltd
KAR:EFUL
|
$5.29K |
|
IFMDF
OTCGREY:IFMDF
|
$5.29K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phonic Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 268,372,000 to 249,142,000, a change of -19,230,000 (-7.2%).
- Net loss of 20,178,000 reduced equity.
- Other comprehensive income decreased equity by 23,588,000.
- Other factors increased equity by 24,536,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-20.18 Million | -8.1% |
| Other Comprehensive Income | NT$-23.59 Million | -9.47% |
| Other Changes | NT$24.54 Million | +9.85% |
| Total Change | NT$- | -7.17% |
Book Value vs Market Value Analysis
This analysis compares Phonic Corporation'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: 1.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.34x to 1.50x 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$7.91 | NT$18.50 | x |
| 2021-12-31 | NT$12.61 | NT$18.50 | x |
| 2022-12-31 | NT$12.26 | NT$18.50 | x |
| 2023-12-31 | NT$13.42 | NT$18.50 | x |
| 2024-12-31 | NT$12.33 | NT$18.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phonic Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -46.23%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.20x
- Recent ROE (-8.10%) is below the historical average (4.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -14.71% | -40.40% | 0.32x | 1.12x | NT$-39.11 Million |
| 2021 | 37.34% | 161.09% | 0.18x | 1.26x | NT$68.90 Million |
| 2022 | -2.83% | -7.11% | 0.29x | 1.37x | NT$-31.46 Million |
| 2023 | 8.75% | 13.74% | 0.45x | 1.43x | NT$-3.36 Million |
| 2024 | -8.10% | -46.23% | 0.15x | 1.20x | NT$-45.09 Million |
Industry Comparison
This section compares Phonic Corporation's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $2,381,203,667
- Average return on equity (ROE) among peers: 11.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phonic Corporation (3067) | NT$249.14 Million | -14.71% | 0.20x | $5.31K |
| Lung Hwa Electronics Co Ltd (2424) | $317.59 Million | -9.51% | 0.16x | $12.91 Million |
| Merry Electronics Co Ltd (2439) | $2.17 Billion | 16.03% | 0.57x | $570.30 Million |
| Taiwan Line Tek Electronic Co Ltd (2462) | $2.55 Billion | 0.44% | 0.92x | $64.46 Million |
| Meiloon Industrial Co Ltd (2477) | $4.80 Billion | 22.79% | 0.42x | $54.24 Million |
| Hanpin Electron Co Ltd (2488) | $1.90 Billion | 9.99% | 0.94x | $79.48 Million |
| Action Electronics Co Ltd (3024) | $3.55 Billion | 18.90% | 1.15x | $69.35 Million |
| Global View Co Ltd (3040) | $1.93 Billion | 36.06% | 0.07x | $52.08 Million |
| U-Tech Media Corp (3050) | $2.71 Billion | 2.67% | 0.85x | $41.27 Million |
| Powertech Industrial Co Ltd (3296) | $1.49 Billion | 1.74% | 0.47x | $37.37 Million |