Advanced Analog Technology (3438) - Net Assets
Based on the latest financial reports, Advanced Analog Technology (3438) has net assets worth NT$2.15 Billion TWD (≈ $67.70 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$2.52 Billion ≈ $79.47 Million USD) and total liabilities (NT$373.70 Million ≈ $11.77 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 3438 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.15 Billion |
| % of Total Assets | 85.19% |
| Annual Growth Rate | 5.1% |
| 5-Year Change | 63.81% |
| 10-Year Change | N/A |
| Growth Volatility | 14.54 |
Advanced Analog Technology - Net Assets Trend (2017–2024)
This chart illustrates how Advanced Analog Technology's net assets have evolved over time, based on quarterly financial data. Also explore Advanced Analog Technology asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Advanced Analog Technology (2017–2024)
The table below shows the annual net assets of Advanced Analog Technology from 2017 to 2024. For live valuation and market cap data, see Advanced Analog Technology stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.11 Billion ≈ $66.52 Million |
+11.75% |
| 2023-12-31 | NT$1.89 Billion ≈ $59.53 Million |
+31.91% |
| 2022-12-31 | NT$1.43 Billion ≈ $45.13 Million |
-7.86% |
| 2021-12-31 | NT$1.55 Billion ≈ $48.98 Million |
+20.61% |
| 2020-12-31 | NT$1.29 Billion ≈ $40.61 Million |
-6.90% |
| 2019-12-31 | NT$1.38 Billion ≈ $43.62 Million |
-0.53% |
| 2018-12-31 | NT$1.39 Billion ≈ $43.85 Million |
-6.65% |
| 2017-12-31 | NT$1.49 Billion ≈ $46.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Advanced Analog Technology'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 7.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$218.56 Million | 10.35% |
| Other Components | NT$1.89 Billion | 89.65% |
| Total Equity | NT$2.11 Billion | 100.00% |
Advanced Analog Technology Competitors by Market Cap
The table below lists competitors of Advanced Analog Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Research Solutions Inc
NASDAQ:RSSS
|
$81.61 Million |
|
Tamawood Ltd
AU:TWD
|
$81.66 Million |
|
Phenixfin Corporation
NASDAQ:PFX
|
$81.69 Million |
|
Collins Co Ltd
TW:2906
|
$81.70 Million |
|
Petrolimex Insurance Corp
VN:PGI
|
$81.53 Million |
|
Austin Engineering Ltd
AU:ANG
|
$81.48 Million |
|
The Naga Group AG
XETRA:N4G
|
$81.47 Million |
|
Done.ai Group AB
ST:DONE
|
$81.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advanced Analog Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,889,440,000 to 2,111,428,000, a change of 221,988,000 (11.7%).
- Net income of 71,274,000 contributed positively to equity growth.
- Dividend payments of 23,583,000 reduced retained earnings.
- Other factors increased equity by 174,297,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$71.27 Million | +3.38% |
| Dividends Paid | NT$23.58 Million | -1.12% |
| Other Changes | NT$174.30 Million | +8.25% |
| Total Change | NT$- | 11.75% |
Book Value vs Market Value Analysis
This analysis compares Advanced Analog Technology'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: 1.23x
- 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 1.74x to 1.23x 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$31.61 | NT$54.90 | x |
| 2018-12-31 | NT$29.51 | NT$54.90 | x |
| 2019-12-31 | NT$29.35 | NT$54.90 | x |
| 2020-12-31 | NT$22.03 | NT$54.90 | x |
| 2021-12-31 | NT$32.51 | NT$54.90 | x |
| 2022-12-31 | NT$30.02 | NT$54.90 | x |
| 2023-12-31 | NT$40.00 | NT$54.90 | x |
| 2024-12-31 | NT$44.77 | NT$54.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advanced Analog Technology utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.40%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.16x
- Recent ROE (3.38%) is above the historical average (3.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -3.06% | -3.52% | 0.69x | 1.27x | NT$-194.78 Million |
| 2018 | -6.64% | -8.79% | 0.62x | 1.22x | NT$-231.64 Million |
| 2019 | -0.37% | -0.47% | 0.67x | 1.15x | NT$-143.51 Million |
| 2020 | 8.48% | 8.54% | 0.77x | 1.28x | NT$-19.64 Million |
| 2021 | 15.60% | 15.38% | 0.79x | 1.28x | NT$87.02 Million |
| 2022 | 7.54% | 10.43% | 0.66x | 1.10x | NT$-35.17 Million |
| 2023 | 0.00% | 0.00% | 0.41x | 1.13x | NT$-188.90 Million |
| 2024 | 3.38% | 7.40% | 0.39x | 1.16x | NT$-139.87 Million |
Industry Comparison
This section compares Advanced Analog Technology'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 |
|---|---|---|---|---|
| Advanced Analog Technology (3438) | NT$2.15 Billion | -3.06% | 0.17x | $81.58 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 Advanced Analog Technology
Advanced Analog Technology, Inc. designs and develops integrated circuits in Taiwan and internationally. The company offers multifunctional PMICs, such as TFT LCDs, AMOLEDs, DSC/DVs, and portable devices; switching regulator, such as boost, buck, buck-boost, and inverting switching regulators; WLED drivers, including backlights and lighting products; and battery management products, such as batte… Read more