RDC Semiconductor Co Ltd (3228) - Net Assets
Based on the latest financial reports, RDC Semiconductor Co Ltd (3228) has net assets worth NT$574.65 Million TWD (≈ $18.10 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$771.87 Million ≈ $24.32 Million USD) and total liabilities (NT$197.21 Million ≈ $6.21 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 how resilient are RDC Semiconductor Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$574.65 Million |
| % of Total Assets | 74.45% |
| Annual Growth Rate | 7.0% |
| 5-Year Change | 34.2% |
| 10-Year Change | N/A |
| Growth Volatility | 17.51 |
RDC Semiconductor Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how RDC Semiconductor Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore RDC Semiconductor Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for RDC Semiconductor Co Ltd (2017–2024)
The table below shows the annual net assets of RDC Semiconductor Co Ltd from 2017 to 2024. For live valuation and market cap data, see market cap of RDC Semiconductor Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$651.94 Million ≈ $20.54 Million |
+10.66% |
| 2023-12-31 | NT$589.12 Million ≈ $18.56 Million |
-18.27% |
| 2022-12-31 | NT$720.84 Million ≈ $22.71 Million |
+5.35% |
| 2021-12-31 | NT$684.25 Million ≈ $21.56 Million |
+40.86% |
| 2020-12-31 | NT$485.78 Million ≈ $15.30 Million |
-8.56% |
| 2019-12-31 | NT$531.28 Million ≈ $16.74 Million |
+16.24% |
| 2018-12-31 | NT$457.04 Million ≈ $14.40 Million |
+12.60% |
| 2017-12-31 | NT$405.89 Million ≈ $12.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to RDC Semiconductor 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 15717000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$796.61 Million | 122.19% |
| Total Equity | NT$651.94 Million | 100.00% |
RDC Semiconductor Co Ltd Competitors by Market Cap
The table below lists competitors of RDC Semiconductor Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangxi Fenglin Wood Industry Group Co Ltd
SHG:601996
|
$446.15 Million |
|
Changshu Tongrun Auto
SHG:603201
|
$446.19 Million |
|
Hey-Song Corp
TW:1234
|
$446.31 Million |
|
Nawi Brothers Group Ltd
TA:NAWI
|
$446.49 Million |
|
Myriad Genetics Inc
NASDAQ:MYGN
|
$446.03 Million |
|
JMT Network Services Public Company Limited
BK:JMT
|
$445.89 Million |
|
Hangzhou Zongheng Commun
SHG:603602
|
$445.63 Million |
|
Charming Medical Limited Class A Ordinary Shares
NASDAQ:MCTA
|
$445.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RDC Semiconductor Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 589,121,000 to 651,938,000, a change of 62,817,000 (10.7%).
- Net loss of 24,114,000 reduced equity.
- New share issuances of 90,042,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-24.11 Million | -3.7% |
| Share Issuances | NT$90.04 Million | +13.81% |
| Other Changes | NT$-3.11 Million | -0.48% |
| Total Change | NT$- | 10.66% |
Book Value vs Market Value Analysis
This analysis compares RDC Semiconductor 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: 21.35x
- 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 33.07x to 21.35x 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$5.99 | NT$198.00 | x |
| 2018-12-31 | NT$6.74 | NT$198.00 | x |
| 2019-12-31 | NT$6.15 | NT$198.00 | x |
| 2020-12-31 | NT$6.96 | NT$198.00 | x |
| 2021-12-31 | NT$9.80 | NT$198.00 | x |
| 2022-12-31 | NT$10.32 | NT$198.00 | x |
| 2023-12-31 | NT$8.44 | NT$198.00 | x |
| 2024-12-31 | NT$9.27 | NT$198.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RDC Semiconductor Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.68%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.19x
- Recent ROE (-3.70%) is below the historical average (1.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -11.45% | -18.42% | 0.47x | 1.31x | NT$-87.08 Million |
| 2018 | 11.07% | 13.69% | 0.66x | 1.22x | NT$4.89 Million |
| 2019 | -11.03% | -20.13% | 0.43x | 1.28x | NT$-87.66 Million |
| 2020 | 14.27% | 18.32% | 0.55x | 1.42x | NT$20.74 Million |
| 2021 | 28.92% | 32.01% | 0.77x | 1.17x | NT$129.49 Million |
| 2022 | 4.97% | 8.62% | 0.50x | 1.16x | NT$-36.23 Million |
| 2023 | -20.55% | -40.11% | 0.43x | 1.19x | NT$-179.95 Million |
| 2024 | -3.70% | -5.68% | 0.55x | 1.19x | NT$-89.31 Million |
Industry Comparison
This section compares RDC Semiconductor Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $202,930,058,900
- Average return on equity (ROE) among peers: 7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RDC Semiconductor Co Ltd (3228) | NT$574.65 Million | -11.45% | 0.34x | $446.09 Million |
| Polylite Taiwan Co Ltd (1813) | $883.80 Million | -0.02% | 0.44x | $18.07 Million |
| United Microelectronics Corporation (2303) | $281.20 Billion | 18.22% | 0.65x | $30.66 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.14 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $1.61 Trillion | 21.92% | 0.40x | $1.74 Trillion |
| Macronix International Co Ltd (2337) | $24.66 Billion | 22.38% | 0.79x | $8.99 Billion |
| Optotech Corp (2340) | $7.08 Billion | 9.72% | 0.77x | $524.91 Million |
| Mosel Vitelic Inc (2342) | $6.57 Billion | -10.87% | 0.51x | $166.75 Million |
| Winbond Electronics Corp (2344) | $60.28 Billion | 5.50% | 0.10x | $12.73 Billion |
| Silicon Integrated Systems Corp (2363) | $7.70 Billion | -2.92% | 0.01x | $843.70 Million |
| Realtek Semiconductor Corp (2379) | $22.11 Billion | 17.61% | 0.86x | $8.72 Billion |
About RDC Semiconductor Co Ltd
RDC Semiconductor Co., Ltd. designs and develops 16/32-bit microprocessors in Taiwan and internationally. The company offers EmKore platform for embedded applications, such as point of sale systems, public information kiosk, human machine interfaces, thin client computer, embedded industrial computer applications, industrial automation control equipment, cloud healthcare system, smart vending mac… Read more