ASIX Electronics
ASIX Electronics Corporation, an IC design company, engages in the research, development, manufacture, and sale of chips in Taiwan, China, and internationally. It offers communication and mixed signal receiving and processing chips, multimedia graphics ICs and graphics boards, asynchronous transmission mode chips, interface transmission chips, display driver chips, and white light emitting diode … Read more
ASIX Electronics (3169) - Net Assets
Latest net assets as of June 2025: NT$1.70 Billion TWD
Based on the latest financial reports, ASIX Electronics (3169) has net assets worth NT$1.70 Billion 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$2.07 Billion) and total liabilities (NT$369.39 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$1.70 Billion |
| % of Total Assets | 82.12% |
| Annual Growth Rate | 5.45% |
| 5-Year Change | 95.43% |
| 10-Year Change | 131.52% |
| Growth Volatility | 20.6 |
ASIX Electronics - Net Assets Trend (2009–2024)
This chart illustrates how ASIX Electronics's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ASIX Electronics (2009–2024)
The table below shows the annual net assets of ASIX Electronics from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.77 Billion | +1.72% |
| 2023-12-31 | NT$1.74 Billion | -4.06% |
| 2022-12-31 | NT$1.82 Billion | +9.95% |
| 2021-12-31 | NT$1.65 Billion | +82.14% |
| 2020-12-31 | NT$906.50 Million | +0.13% |
| 2019-12-31 | NT$905.37 Million | +6.10% |
| 2018-12-31 | NT$853.34 Million | +5.69% |
| 2017-12-31 | NT$807.37 Million | +5.65% |
| 2016-12-31 | NT$764.22 Million | -0.13% |
| 2015-12-31 | NT$765.17 Million | -0.19% |
| 2014-12-31 | NT$766.63 Million | -3.59% |
| 2013-12-31 | NT$795.18 Million | +1.01% |
| 2012-12-31 | NT$787.21 Million | +1.54% |
| 2011-12-31 | NT$775.24 Million | -8.06% |
| 2010-12-31 | NT$843.21 Million | +5.57% |
| 2009-12-31 | NT$798.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ASIX Electronics'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 445.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$690.41 Million | 38.97% |
| Other Components | NT$1.08 Billion | 61.03% |
| Total Equity | NT$1.77 Billion | 100.00% |
ASIX Electronics Competitors by Market Cap
The table below lists competitors of ASIX Electronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Astral Resources NL
AU:AAR
|
$138.29 Million |
|
Caltagirone S.p.A. Ord
LSE:0OIY
|
$138.29 Million |
|
Jiangsu Hongde Special Parts Co.Ltd.
SHE:301163
|
$138.31 Million |
|
Gelsenwasser AG
F:WWG
|
$138.32 Million |
|
Mangalore Chemicals & Fertilizers Limited
NSE:MANGCHEFER
|
$138.23 Million |
|
Medallion Financial Corp
NASDAQ:MFIN
|
$138.20 Million |
|
Funko Inc
NASDAQ:FNKO
|
$138.16 Million |
|
Humedix Co Ltd
KQ:200670
|
$138.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ASIX Electronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,741,611,000 to 1,771,558,000, a change of 29,947,000 (1.7%).
- Net income of 215,439,000 contributed positively to equity growth.
- Dividend payments of 220,244,000 reduced retained earnings.
- Other comprehensive income decreased equity by 245,827,999.
- Other factors increased equity by 280,579,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$215.44 Million | +12.16% |
| Dividends Paid | NT$220.24 Million | -12.43% |
| Other Comprehensive Income | NT$-245.83 Million | -13.88% |
| Other Changes | NT$280.58 Million | +15.84% |
| Total Change | NT$- | 1.72% |
Book Value vs Market Value Analysis
This analysis compares ASIX Electronics'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: 3.44x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.15x to 3.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$18.83 | NT$96.90 | x |
| 2010-12-31 | NT$17.63 | NT$96.90 | x |
| 2011-12-31 | NT$16.22 | NT$96.90 | x |
| 2012-12-31 | NT$16.72 | NT$96.90 | x |
| 2013-12-31 | NT$16.98 | NT$96.90 | x |
| 2014-12-31 | NT$16.33 | NT$96.90 | x |
| 2015-12-31 | NT$16.22 | NT$96.90 | x |
| 2016-12-31 | NT$15.75 | NT$96.90 | x |
| 2017-12-31 | NT$16.64 | NT$96.90 | x |
| 2018-12-31 | NT$17.31 | NT$96.90 | x |
| 2019-12-31 | NT$18.16 | NT$96.90 | x |
| 2020-12-31 | NT$17.09 | NT$96.90 | x |
| 2021-12-31 | NT$27.08 | NT$96.90 | x |
| 2022-12-31 | NT$28.57 | NT$96.90 | x |
| 2023-12-31 | NT$27.52 | NT$96.90 | x |
| 2024-12-31 | NT$28.15 | NT$96.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ASIX Electronics 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): 12.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.27%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.10x
- Recent ROE (12.16%) is below the historical average (14.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 15.72% | 22.96% | 0.63x | 1.09x | NT$45.67 Million |
| 2010 | 17.19% | 24.12% | 0.66x | 1.08x | NT$60.65 Million |
| 2011 | 13.41% | 21.41% | 0.57x | 1.10x | NT$26.47 Million |
| 2012 | 14.21% | 19.01% | 0.69x | 1.08x | NT$33.15 Million |
| 2013 | 12.90% | 17.68% | 0.66x | 1.11x | NT$23.07 Million |
| 2014 | 8.59% | 14.02% | 0.55x | 1.11x | NT$-10.84 Million |
| 2015 | 8.15% | 9.97% | 0.72x | 1.14x | NT$-14.15 Million |
| 2016 | 8.06% | 9.54% | 0.77x | 1.10x | NT$-14.80 Million |
| 2017 | 12.20% | 14.07% | 0.78x | 1.12x | NT$17.77 Million |
| 2018 | 14.14% | 18.63% | 0.67x | 1.13x | NT$35.33 Million |
| 2019 | 15.71% | 19.66% | 0.70x | 1.14x | NT$51.67 Million |
| 2020 | 17.55% | 21.93% | 0.68x | 1.18x | NT$68.47 Million |
| 2021 | 23.27% | 29.14% | 0.66x | 1.22x | NT$219.02 Million |
| 2022 | 22.90% | 31.13% | 0.63x | 1.16x | NT$234.13 Million |
| 2023 | 13.23% | 25.95% | 0.46x | 1.11x | NT$56.17 Million |
| 2024 | 12.16% | 25.27% | 0.44x | 1.10x | NT$38.28 Million |
Industry Comparison
This section compares ASIX Electronics's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ASIX Electronics (3169) | NT$1.70 Billion | 15.72% | 0.22x | $138.23 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |