PixArt Imaging
PixArt Imaging Inc., together with its subsidiaries, researches, designs, produces, and sells CMOS image sensors and related ICs in Taiwan, Hong Kong, China, Japan, and internationally. The company offers optical mouse, tracking, and finger navigation sensors, as well as optical encoders; and multiple object tracking, optical motion tracking, distance sensor, gesture recognition, and ambient ligh… Read more
PixArt Imaging (3227) - Net Assets
Latest net assets as of September 2025: NT$11.67 Billion TWD
Based on the latest financial reports, PixArt Imaging (3227) has net assets worth NT$11.67 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$14.42 Billion) and total liabilities (NT$2.75 Billion). 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$11.67 Billion |
| % of Total Assets | 80.91% |
| Annual Growth Rate | 8.88% |
| 5-Year Change | 29.33% |
| 10-Year Change | N/A |
| Growth Volatility | 10.43 |
PixArt Imaging - Net Assets Trend (2015–2024)
This chart illustrates how PixArt Imaging's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PixArt Imaging (2015–2024)
The table below shows the annual net assets of PixArt Imaging from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.56 Billion | +16.72% |
| 2023-12-31 | NT$9.90 Billion | +8.43% |
| 2022-12-31 | NT$9.13 Billion | -10.43% |
| 2021-12-31 | NT$10.20 Billion | +14.08% |
| 2020-12-31 | NT$8.94 Billion | +27.49% |
| 2019-12-31 | NT$7.01 Billion | +11.61% |
| 2018-12-31 | NT$6.28 Billion | +6.89% |
| 2017-12-31 | NT$5.88 Billion | +12.94% |
| 2016-12-31 | NT$5.20 Billion | -3.15% |
| 2015-12-31 | NT$5.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PixArt Imaging'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 54.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.31 Billion | 37.50% |
| Other Components | NT$7.18 Billion | 62.50% |
| Total Equity | NT$11.49 Billion | 100.00% |
PixArt Imaging Competitors by Market Cap
The table below lists competitors of PixArt Imaging ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Shemar Electric Co Ltd
SHG:603530
|
$767.85 Million |
|
Butterfly Network Inc
NYSE:BFLY
|
$767.91 Million |
|
China Resources Boya Bio pharmaceutical Group Co Ltd
SHE:300294
|
$768.06 Million |
|
Shenzhen Desay Battery Technology Co Ltd
SHE:000049
|
$768.09 Million |
|
Pantoro Gold Ltd
AU:PNR
|
$767.69 Million |
|
Nextdecade Corp
NASDAQ:NEXT
|
$767.35 Million |
|
Airoha Technology Corp
TW:6526
|
$767.02 Million |
|
Jiangxi GETO New Materials Corporation Limited
SHE:300986
|
$766.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PixArt Imaging's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,902,892,000 to 11,492,283,000, a change of 1,589,391,000 (16.0%).
- Net income of 1,815,418,000 contributed positively to equity growth.
- Dividend payments of 673,789,000 reduced retained earnings.
- Other factors increased equity by 447,762,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.82 Billion | +15.8% |
| Dividends Paid | NT$673.79 Million | -5.86% |
| Other Changes | NT$447.76 Million | +3.9% |
| Total Change | NT$- | 16.05% |
Book Value vs Market Value Analysis
This analysis compares PixArt Imaging'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: 2.57x
- 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 4.41x to 2.57x 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$44.92 | NT$198.00 | x |
| 2018-12-31 | NT$46.32 | NT$198.00 | x |
| 2019-12-31 | NT$50.71 | NT$198.00 | x |
| 2020-12-31 | NT$62.72 | NT$198.00 | x |
| 2021-12-31 | NT$70.42 | NT$198.00 | x |
| 2022-12-31 | NT$62.85 | NT$198.00 | x |
| 2023-12-31 | NT$67.55 | NT$198.00 | x |
| 2024-12-31 | NT$76.99 | NT$198.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PixArt Imaging utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.71%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.24x
- Recent ROE (15.80%) is above the historical average (11.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 5.77% | 7.14% | 0.67x | 1.21x | NT$-226.36 Million |
| 2016 | 2.94% | 3.50% | 0.67x | 1.25x | NT$-364.85 Million |
| 2017 | 12.01% | 13.74% | 0.71x | 1.23x | NT$117.80 Million |
| 2018 | 13.69% | 15.57% | 0.71x | 1.25x | NT$231.50 Million |
| 2019 | 11.99% | 13.75% | 0.66x | 1.31x | NT$138.90 Million |
| 2020 | 16.34% | 17.88% | 0.69x | 1.33x | NT$564.97 Million |
| 2021 | 15.49% | 17.91% | 0.65x | 1.33x | NT$558.55 Million |
| 2022 | 11.51% | 20.11% | 0.46x | 1.24x | NT$137.49 Million |
| 2023 | 8.07% | 13.68% | 0.48x | 1.23x | NT$-190.89 Million |
| 2024 | 15.80% | 21.71% | 0.59x | 1.24x | NT$666.19 Million |
Industry Comparison
This section compares PixArt Imaging'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 |
|---|---|---|---|---|
| PixArt Imaging (3227) | NT$11.67 Billion | 5.77% | 0.24x | $767.78 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 |