Joinsoon Electronics MFG Co Ltd (3322) - Net Assets
Based on the latest financial reports, Joinsoon Electronics MFG Co Ltd (3322) has net assets worth NT$1.50 Billion TWD (≈ $47.16 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$3.30 Billion ≈ $104.10 Million USD) and total liabilities (NT$1.81 Billion ≈ $56.94 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 3322 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.50 Billion |
| % of Total Assets | 45.3% |
| Annual Growth Rate | 9.07% |
| 5-Year Change | 39.04% |
| 10-Year Change | N/A |
| Growth Volatility | 13.47 |
Joinsoon Electronics MFG Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Joinsoon Electronics MFG Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Joinsoon Electronics MFG Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Joinsoon Electronics MFG Co Ltd (2017–2024)
The table below shows the annual net assets of Joinsoon Electronics MFG Co Ltd from 2017 to 2024. For live valuation and market cap data, see market cap of Joinsoon Electronics MFG Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.63 Billion ≈ $51.50 Million |
+13.12% |
| 2023-12-31 | NT$1.45 Billion ≈ $45.53 Million |
+2.17% |
| 2022-12-31 | NT$1.41 Billion ≈ $44.56 Million |
+15.50% |
| 2021-12-31 | NT$1.22 Billion ≈ $38.58 Million |
+4.17% |
| 2020-12-31 | NT$1.18 Billion ≈ $37.04 Million |
-4.62% |
| 2019-12-31 | NT$1.23 Billion ≈ $38.83 Million |
-0.08% |
| 2018-12-31 | NT$1.23 Billion ≈ $38.86 Million |
+38.63% |
| 2017-12-31 | NT$889.85 Million ≈ $28.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Joinsoon Electronics MFG 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 23748000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$58.70 Million | 3.59% |
| Other Components | NT$1.58 Billion | 96.41% |
| Total Equity | NT$1.63 Billion | 100.00% |
Joinsoon Electronics MFG Co Ltd Competitors by Market Cap
The table below lists competitors of Joinsoon Electronics MFG Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyweb Technology Co Ltd
TWO:5212
|
$51.72 Million |
|
Stars Microelectronics (Thailand) PCL
BK:SMT
|
$51.72 Million |
|
Bellavista Resources Ltd
AU:BVR
|
$51.78 Million |
|
Infrea AB
ST:INFREA
|
$51.79 Million |
|
Namyang Dairy Products Co Ltd Peffered Series 1
KO:003925
|
$51.71 Million |
|
FST Corp. Ordinary Shares
NASDAQ:KBSX
|
$51.70 Million |
|
LEMON Co. Ltd
KQ:294140
|
$51.70 Million |
|
Bewhere Holdings Inc
V:BEW
|
$51.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Joinsoon Electronics MFG Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,443,243,000 to 1,634,577,000, a change of 191,334,000 (13.3%).
- Net loss of 101,133,000 reduced equity.
- Dividend payments of 27,423,000 reduced retained earnings.
- New share issuances of 140,800,000 increased equity.
- Other factors increased equity by 179,090,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-101.13 Million | -6.19% |
| Dividends Paid | NT$27.42 Million | -1.68% |
| Share Issuances | NT$140.80 Million | +8.61% |
| Other Changes | NT$179.09 Million | +10.96% |
| Total Change | NT$- | 13.26% |
Book Value vs Market Value Analysis
This analysis compares Joinsoon Electronics MFG 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: 1.00x
- 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 1.70x to 1.00x 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$7.92 | NT$13.50 | x |
| 2018-12-31 | NT$11.56 | NT$13.50 | x |
| 2019-12-31 | NT$10.37 | NT$13.50 | x |
| 2020-12-31 | NT$9.77 | NT$13.50 | x |
| 2021-12-31 | NT$11.58 | NT$13.50 | x |
| 2022-12-31 | NT$11.20 | NT$13.50 | x |
| 2023-12-31 | NT$11.93 | NT$13.50 | x |
| 2024-12-31 | NT$13.44 | NT$13.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Joinsoon Electronics MFG Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.58%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.07x
- Recent ROE (-6.19%) is below the historical average (3.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -16.47% | -4.79% | 1.12x | 3.08x | NT$-181.18 Million |
| 2018 | 31.86% | 12.05% | 1.15x | 2.31x | NT$218.30 Million |
| 2019 | -8.31% | -3.18% | 1.06x | 2.46x | NT$-183.59 Million |
| 2020 | -4.17% | -1.34% | 1.06x | 2.94x | NT$-133.80 Million |
| 2021 | 14.64% | 4.44% | 1.56x | 2.11x | NT$56.71 Million |
| 2022 | 11.03% | 5.64% | 1.07x | 1.83x | NT$14.62 Million |
| 2023 | 4.30% | 2.27% | 0.85x | 2.21x | NT$-82.29 Million |
| 2024 | -6.19% | -3.58% | 0.84x | 2.07x | NT$-264.59 Million |
Industry Comparison
This section compares Joinsoon Electronics MFG Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joinsoon Electronics MFG Co Ltd (3322) | NT$1.50 Billion | -16.47% | 1.21x | $51.71 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Joinsoon Electronics MFG Co Ltd
Joinsoon Electronics Manufacturing CO., LTD. designs, manufactures, and sells electronic parts and computer peripheral equipment. The company offers connecting cables, precision connectors, external storage devices, wire harness, and antennas, as well as data transmission, cable assembly, signal connection, displayport, and consumer electronics products. In addition, it provides consultation and … Read more