High-Tek Harness Enterprise Co Ltd (3202) - Net Assets
Based on the latest financial reports, High-Tek Harness Enterprise Co Ltd (3202) has net assets worth NT$2.69 Billion TWD (≈ $84.82 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.94 Billion ≈ $187.23 Million USD) and total liabilities (NT$3.25 Billion ≈ $102.41 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 3202 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.69 Billion |
| % of Total Assets | 45.3% |
| Annual Growth Rate | 15.42% |
| 5-Year Change | 31.15% |
| 10-Year Change | N/A |
| Growth Volatility | 25.29 |
High-Tek Harness Enterprise Co Ltd - Net Assets Trend (2017–2023)
This chart illustrates how High-Tek Harness Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 3202 asset base for the complete picture of this company's asset base.
Annual Net Assets for High-Tek Harness Enterprise Co Ltd (2017–2023)
The table below shows the annual net assets of High-Tek Harness Enterprise Co Ltd from 2017 to 2023. For live valuation and market cap data, see 3202 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$2.41 Billion ≈ $75.88 Million |
+13.00% |
| 2022-12-31 | NT$2.13 Billion ≈ $67.15 Million |
+6.74% |
| 2021-12-31 | NT$2.00 Billion ≈ $62.91 Million |
+9.42% |
| 2020-12-31 | NT$1.83 Billion ≈ $57.50 Million |
-0.62% |
| 2019-12-31 | NT$1.84 Billion ≈ $57.86 Million |
+73.38% |
| 2018-12-31 | NT$1.06 Billion ≈ $33.37 Million |
+3.94% |
| 2017-12-31 | NT$1.02 Billion ≈ $32.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to High-Tek Harness Enterprise 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 32626400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.22 Billion | 101.03% |
| Other Components | NT$327.67 Million | 27.12% |
| Total Equity | NT$1.21 Billion | 100.00% |
High-Tek Harness Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of High-Tek Harness Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ADTIGER CORP.LTD.DL-0005
F:55U
|
$16.15 Million |
|
Praxis Home Retail Limited
NSE:PRAXIS
|
$16.16 Million |
|
Greenidge Generation Holdings Inc
NASDAQ:GREE
|
$16.18 Million |
|
KDA Group Inc
V:KDA
|
$16.18 Million |
|
Omni-Lite Industries Canada Inc.
V:OML
|
$16.12 Million |
|
Greentech Metals Ltd
AU:GRE
|
$16.12 Million |
|
Currys PLC
LSE:CURY
|
$16.12 Million |
|
Mountain Alliance AG
XETRA:ECF
|
$16.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in High-Tek Harness Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,111,801,000 to 1,208,009,000, a change of 96,208,000 (8.7%).
- Net loss of 70,263,000 reduced equity.
- New share issuances of 59,926,000 increased equity.
- Other factors increased equity by 106,545,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-70.26 Million | -5.82% |
| Share Issuances | NT$59.93 Million | +4.96% |
| Other Changes | NT$106.55 Million | +8.82% |
| Total Change | NT$- | 8.65% |
Book Value vs Market Value Analysis
This analysis compares High-Tek Harness Enterprise 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: 0.40x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$10.69 | NT$3.96 | x |
| 2018-12-31 | NT$10.71 | NT$3.96 | x |
| 2019-12-31 | NT$10.50 | NT$3.96 | x |
| 2020-12-31 | NT$9.25 | NT$3.96 | x |
| 2021-12-31 | NT$8.81 | NT$3.96 | x |
| 2022-12-31 | NT$9.49 | NT$3.96 | x |
| 2023-12-31 | NT$10.02 | NT$3.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently High-Tek Harness Enterprise Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.39%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 4.72x
- Recent ROE (-5.82%) is below the historical average (-4.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -8.55% | -3.33% | 1.03x | 2.50x | NT$-193.19 Million |
| 2018 | 2.06% | 0.72% | 1.04x | 2.77x | NT$-85.25 Million |
| 2019 | -3.49% | -1.27% | 0.99x | 2.77x | NT$-165.87 Million |
| 2020 | -14.63% | -3.80% | 0.93x | 4.15x | NT$-266.80 Million |
| 2021 | 3.20% | 0.79% | 1.03x | 3.93x | NT$-77.90 Million |
| 2022 | -5.46% | -1.46% | 0.88x | 4.24x | NT$-171.87 Million |
| 2023 | -5.82% | -1.39% | 0.88x | 4.72x | NT$-191.06 Million |
Industry Comparison
This section compares High-Tek Harness Enterprise Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $6,044,751,000
- Average return on equity (ROE) among peers: 5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| High-Tek Harness Enterprise Co Ltd (3202) | NT$2.69 Billion | -8.55% | 1.21x | $16.14 Million |
| Shihlin Electric & Engineering Corp (1503) | $27.04 Billion | 6.68% | 0.67x | $3.11 Billion |
| Allis Electric Co Ltd (1514) | $3.10 Billion | 9.53% | 0.87x | $920.17 Million |
| Fortune Electric Co Ltd (1519) | $2.22 Billion | 3.49% | 0.85x | $8.84 Billion |
| Klingon Aerospace Inc (1529) | $1.72 Billion | 2.62% | 0.74x | $106.03 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $2.16 Billion | 14.61% | 0.45x | $318.00 Million |
| Chieftek Precision Co Ltd (1597) | $1.33 Billion | 5.33% | 1.05x | $394.51 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.36 Billion | 5.26% | 0.53x | $437.03 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $8.10 Billion | 5.82% | 1.52x | $794.28 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $4.96 Billion | 1.46% | 0.15x | $355.01 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.46 Billion | 0.92% | 0.49x | $283.16 Million |
About High-Tek Harness Enterprise Co Ltd
High-Tek Harness Enterprise Co., Ltd. engages in the electronic device manufacturing, energy engineering, urban planning, medical, and fintech technology businesses in China. The company offers international medical tourism, regenerative medicine, dietary supplements, aesthetic medicine products, home biotech products, and pet health management products. It also provides financial technology and … Read more