Tai-Saw Technology Co Ltd (3221) - Net Assets
Based on the latest financial reports, Tai-Saw Technology Co Ltd (3221) has net assets worth NT$2.02 Billion TWD (≈ $63.73 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$2.92 Billion ≈ $91.98 Million USD) and total liabilities (NT$896.66 Million ≈ $28.25 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 Tai-Saw Technology Co Ltd (3221) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.02 Billion |
| % of Total Assets | 69.29% |
| Annual Growth Rate | 3.49% |
| 5-Year Change | 20.75% |
| 10-Year Change | N/A |
| Growth Volatility | 12.71 |
Tai-Saw Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Tai-Saw Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 3221 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Tai-Saw Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Tai-Saw Technology Co Ltd from 2017 to 2024. For live valuation and market cap data, see 3221 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.18 Billion ≈ $68.60 Million |
-0.19% |
| 2023-12-31 | NT$2.18 Billion ≈ $68.73 Million |
-10.10% |
| 2022-12-31 | NT$2.43 Billion ≈ $76.45 Million |
+1.52% |
| 2021-12-31 | NT$2.39 Billion ≈ $75.30 Million |
+32.55% |
| 2020-12-31 | NT$1.80 Billion ≈ $56.81 Million |
+3.84% |
| 2019-12-31 | NT$1.74 Billion ≈ $54.71 Million |
-5.18% |
| 2018-12-31 | NT$1.83 Billion ≈ $57.70 Million |
+6.97% |
| 2017-12-31 | NT$1.71 Billion ≈ $53.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tai-Saw 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 34.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$289.28 Million | 13.48% |
| Other Components | NT$1.86 Billion | 86.52% |
| Total Equity | NT$2.15 Billion | 100.00% |
Tai-Saw Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Tai-Saw Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bastogi S.p.A
F:BAOA
|
$140.24 Million |
|
SEEING MACHINES LTD
F:M2Z
|
$140.28 Million |
|
CB Industrial Product Holding
KLSE:7076
|
$140.33 Million |
|
Abonmax Co Ltd
TW:2429
|
$140.34 Million |
|
Prelude Therapeutics Inc
NASDAQ:PRLD
|
$140.19 Million |
|
Uno&Company.Ltd
KQ:114630
|
$140.17 Million |
|
PT Indonesia Kendaraan Terminal Tbk
JK:IPCC
|
$140.11 Million |
|
Innoviz Technologies
NASDAQ:INVZ
|
$140.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tai-Saw Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,142,800,000 to 2,146,138,000, a change of 3,338,000 (0.2%).
- Net income of 101,171,000 contributed positively to equity growth.
- Dividend payments of 72,784,000 reduced retained earnings.
- Other factors decreased equity by 25,049,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$101.17 Million | +4.71% |
| Dividends Paid | NT$72.78 Million | -3.39% |
| Other Changes | NT$-25.05 Million | -1.17% |
| Total Change | NT$- | 0.16% |
Book Value vs Market Value Analysis
This analysis compares Tai-Saw 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: 2.08x
- 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 2.41x to 2.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$17.77 | NT$42.85 | x |
| 2018-12-31 | NT$18.20 | NT$42.85 | x |
| 2019-12-31 | NT$17.16 | NT$42.85 | x |
| 2020-12-31 | NT$17.57 | NT$42.85 | x |
| 2021-12-31 | NT$22.64 | NT$42.85 | x |
| 2022-12-31 | NT$22.37 | NT$42.85 | x |
| 2023-12-31 | NT$20.70 | NT$42.85 | x |
| 2024-12-31 | NT$20.65 | NT$42.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tai-Saw Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.64%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.39x
- Recent ROE (4.71%) is below the historical average (4.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.01% | 1.87% | 0.77x | 1.41x | NT$-136.74 Million |
| 2018 | 1.80% | 1.79% | 0.68x | 1.48x | NT$-150.09 Million |
| 2019 | -1.99% | -1.70% | 0.76x | 1.53x | NT$-208.19 Million |
| 2020 | -3.90% | -3.25% | 0.79x | 1.51x | NT$-247.55 Million |
| 2021 | 23.02% | 18.35% | 0.79x | 1.58x | NT$304.15 Million |
| 2022 | 13.85% | 9.68% | 0.92x | 1.55x | NT$90.36 Million |
| 2023 | -0.63% | -0.64% | 0.69x | 1.44x | NT$-227.88 Million |
| 2024 | 4.71% | 4.64% | 0.73x | 1.39x | NT$-113.44 Million |
Industry Comparison
This section compares Tai-Saw Technology Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,352,778,700
- Average return on equity (ROE) among peers: 4.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tai-Saw Technology Co Ltd (3221) | NT$2.02 Billion | 2.01% | 0.44x | $140.21 Million |
| Microelectronics Technology Inc (2314) | $4.24 Billion | 20.07% | 0.89x | $47.14 Million |
| Tecom Co Ltd (2321) | $549.96 Million | -11.14% | 3.07x | $12.46 Million |
| D-Link Corp (2332) | $13.20 Billion | 0.47% | 0.93x | $260.42 Million |
| Accton Technology Corp (2345) | $7.56 Billion | 8.51% | 0.87x | $40.15 Billion |
| Hitron Technologies Inc (2419) | $1.79 Billion | 3.83% | 1.28x | $306.23 Million |
| Abocom Systems Inc (2444) | $980.48 Million | -1.62% | 1.10x | $42.72 Million |
| Zinwell Corporation (2485) | $7.48 Billion | 11.28% | 0.37x | $587.53 Million |
| Loop Telecommunication International Inc (3025) | $788.88 Million | 1.56% | 0.29x | $107.43 Million |
| Edimax Technology Co Ltd (3047) | $2.36 Billion | 8.03% | 0.91x | $102.61 Million |
| CyberTAN Technology Inc (3062) | $4.58 Billion | 8.00% | 0.51x | $257.39 Million |
About Tai-Saw Technology Co Ltd
Tai-Saw Technology Co.,Ltd. manufactures and sells electronic components in Taiwan, the rest of Asia, the United States, Europe, and internationally. The company engages in the research and development, design, manufacturing, sales, integrated circuit manufacturing, and packaging of wireless and radio communication components and their system equipment, computer hardware, and peripheral equipment… Read more