Howteh Technology Co Ltd (3114) - Net Assets
Based on the latest financial reports, Howteh Technology Co Ltd (3114) has net assets worth NT$1.52 Billion TWD (≈ $47.84 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$2.51 Billion ≈ $78.97 Million USD) and total liabilities (NT$988.12 Million ≈ $31.13 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. Read 3114 liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.52 Billion |
| % of Total Assets | 60.58% |
| Annual Growth Rate | 9.12% |
| 5-Year Change | 44.84% |
| 10-Year Change | N/A |
| Growth Volatility | 6.27 |
Howteh Technology Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Howteh Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Howteh Technology Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Howteh Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Howteh Technology Co Ltd from 2016 to 2024. For live valuation and market cap data, see Howteh Technology Co Ltd (3114) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.61 Billion ≈ $50.69 Million |
+4.00% |
| 2023-12-31 | NT$1.55 Billion ≈ $48.73 Million |
+5.86% |
| 2022-12-31 | NT$1.46 Billion ≈ $46.04 Million |
+20.67% |
| 2021-12-31 | NT$1.21 Billion ≈ $38.15 Million |
+9.02% |
| 2020-12-31 | NT$1.11 Billion ≈ $35.00 Million |
+1.77% |
| 2019-12-31 | NT$1.09 Billion ≈ $34.39 Million |
+9.20% |
| 2018-12-31 | NT$999.53 Million ≈ $31.49 Million |
+18.05% |
| 2017-12-31 | NT$846.69 Million ≈ $26.68 Million |
+5.79% |
| 2016-12-31 | NT$800.39 Million ≈ $25.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Howteh Technology 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 461.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$433.59 Million | 26.95% |
| Other Components | NT$1.18 Billion | 73.05% |
| Total Equity | NT$1.61 Billion | 100.00% |
Howteh Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Howteh Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Galway Metals Inc.
V:GWM
|
$52.41 Million |
|
Tex-Ray Industrial Co Ltd
TW:1467
|
$52.41 Million |
|
Tobii AB
ST:TOBII
|
$52.41 Million |
|
RYTHM, Inc.
NASDAQ:RYM
|
$52.42 Million |
|
ARRAS MINERALS CORP.
F:9RJ
|
$52.33 Million |
|
Reitmans (Canada) Limited
V:RET-A
|
$52.30 Million |
|
Universal Textile Co Ltd
TW:1445
|
$52.28 Million |
|
Shah Metacorp Limited
NSE:SHAH
|
$52.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Howteh Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,546,869,000 to 1,608,796,000, a change of 61,927,000 (4.0%).
- Net income of 116,965,000 contributed positively to equity growth.
- Dividend payments of 78,156,000 reduced retained earnings.
- Other comprehensive income decreased equity by 449,269,000.
- Other factors increased equity by 472,387,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$116.97 Million | +7.27% |
| Dividends Paid | NT$78.16 Million | -4.86% |
| Other Comprehensive Income | NT$-449.27 Million | -27.93% |
| Other Changes | NT$472.39 Million | +29.36% |
| Total Change | NT$- | 4.00% |
Book Value vs Market Value Analysis
This analysis compares Howteh Technology 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: 1.04x
- 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 2.11x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$12.23 | NT$25.80 | x |
| 2017-12-31 | NT$12.90 | NT$25.80 | x |
| 2018-12-31 | NT$15.28 | NT$25.80 | x |
| 2019-12-31 | NT$16.70 | NT$25.80 | x |
| 2020-12-31 | NT$16.98 | NT$25.80 | x |
| 2021-12-31 | NT$18.52 | NT$25.80 | x |
| 2022-12-31 | NT$22.31 | NT$25.80 | x |
| 2023-12-31 | NT$23.67 | NT$25.80 | x |
| 2024-12-31 | NT$24.70 | NT$25.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Howteh Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.23%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.57x
- Recent ROE (7.27%) is below the historical average (9.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 2.72% | 1.20% | 1.20x | 1.89x | NT$-58.30 Million |
| 2017 | 8.45% | 3.23% | 1.32x | 1.98x | NT$-13.16 Million |
| 2018 | 16.46% | 4.70% | 1.29x | 2.71x | NT$64.59 Million |
| 2019 | 13.05% | 3.66% | 1.54x | 2.31x | NT$33.29 Million |
| 2020 | 9.38% | 3.27% | 1.37x | 2.09x | NT$-6.91 Million |
| 2021 | 11.81% | 3.84% | 1.26x | 2.43x | NT$21.96 Million |
| 2022 | 14.29% | 6.44% | 1.11x | 2.00x | NT$62.68 Million |
| 2023 | 6.51% | 3.67% | 1.09x | 1.63x | NT$-53.91 Million |
| 2024 | 7.27% | 4.23% | 1.10x | 1.57x | NT$-43.91 Million |
Industry Comparison
This section compares Howteh Technology Co Ltd's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $4,022,103,667
- Average return on equity (ROE) among peers: 17.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Howteh Technology Co Ltd (3114) | NT$1.52 Billion | 2.72% | 0.65x | $52.37 Million |
| Aurora Corp (2373) | $8.70 Billion | 17.51% | 0.99x | $402.44 Million |
| Lumax International Corp Ltd (6192) | $2.14 Billion | 22.92% | 0.84x | $349.90 Million |
| Ace Pillar Co Ltd (8374) | $1.22 Billion | 11.37% | 1.00x | $298.13 Million |
About Howteh Technology Co Ltd
Howteh Technology Co., Ltd. engages in the trading and agency business in active and passive components, and equipment in Taiwan, China, and internationally. It provides integrated circuit carrier board equipment, chemicals and raw materials, semiconductors, and optical equipment. The company also offers connector, FFC, thunderbolt cable, MEMS, coaxial cable, conversion cable, USB type C, audio a… Read more