Globalsat Worldcom
GlobalSat WorldCom Corporation, together with its subsidiaries, manufactures and sells GPS receivers and module makers in America, Asia, Europe, and internationally. The company offers GPS/Bluetooth wearable sports devices; satellite trackers; drone and autopilot products; tracking devices, including animal, asset, personal, and vehicle trackers; and support products. It also provides IoT/M2M pro… Read more
Globalsat Worldcom (3499) - Net Assets
Latest net assets as of September 2025: NT$468.44 Million TWD
Based on the latest financial reports, Globalsat Worldcom (3499) has net assets worth NT$468.44 Million 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$747.49 Million) and total liabilities (NT$279.06 Million). 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$468.44 Million |
| % of Total Assets | 62.67% |
| Annual Growth Rate | -1.89% |
| 5-Year Change | -6.61% |
| 10-Year Change | N/A |
| Growth Volatility | 3.72 |
Globalsat Worldcom - Net Assets Trend (2017–2024)
This chart illustrates how Globalsat Worldcom's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Globalsat Worldcom (2017–2024)
The table below shows the annual net assets of Globalsat Worldcom from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$543.31 Million | +1.77% |
| 2023-12-31 | NT$533.85 Million | -6.82% |
| 2022-12-31 | NT$572.93 Million | +0.72% |
| 2021-12-31 | NT$568.84 Million | -2.22% |
| 2020-12-31 | NT$581.77 Million | -7.92% |
| 2019-12-31 | NT$631.80 Million | +1.31% |
| 2018-12-31 | NT$623.60 Million | +0.44% |
| 2017-12-31 | NT$620.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Globalsat Worldcom'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 4281000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$586.44 Million | 107.94% |
| Total Equity | NT$543.31 Million | 100.00% |
Globalsat Worldcom Competitors by Market Cap
The table below lists competitors of Globalsat Worldcom ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mold-Tek Technologies Limited
NSE:MOLDTECH
|
$18.04 Million |
|
Cassiar Gold Corp
OTCQX:CGLCF
|
$18.04 Million |
|
DVL Inc
PINK:DVLN
|
$18.05 Million |
|
New Advanced Electronics Technologies Co Ltd
TWO:3465
|
$18.05 Million |
|
Beamtree Holdings Ltd
AU:BMT
|
$18.03 Million |
|
ClimateRock Class A Ordinary Shares
NASDAQ:CLRC
|
$18.03 Million |
|
Gensource Potash Corporation
PINK:AGCCF
|
$18.03 Million |
|
NANOVIRICIDES NEW DL-01
F:NV3P
|
$18.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globalsat Worldcom's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 533,853,000 to 543,313,000, a change of 9,460,000 (1.8%).
- Net income of 1,305,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 25,005,000.
- Other factors increased equity by 33,160,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.30 Million | +0.24% |
| Other Comprehensive Income | NT$-25.00 Million | -4.6% |
| Other Changes | NT$33.16 Million | +6.1% |
| Total Change | NT$- | 1.77% |
Book Value vs Market Value Analysis
This analysis compares Globalsat Worldcom'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: 1.75x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.53x to 1.75x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$11.29 | NT$17.30 | x |
| 2018-12-31 | NT$11.34 | NT$17.30 | x |
| 2019-12-31 | NT$11.47 | NT$17.30 | x |
| 2020-12-31 | NT$10.58 | NT$17.30 | x |
| 2021-12-31 | NT$10.35 | NT$17.30 | x |
| 2022-12-31 | NT$10.42 | NT$17.30 | x |
| 2023-12-31 | NT$9.71 | NT$17.30 | x |
| 2024-12-31 | NT$9.88 | NT$17.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globalsat Worldcom utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.30%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.65x
- Recent ROE (0.24%) is above the historical average (-0.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 1.30% | 1.36% | 0.58x | 1.65x | NT$-53.99 Million |
| 2018 | 3.99% | 3.98% | 0.55x | 1.82x | NT$-37.50 Million |
| 2019 | 4.97% | 4.30% | 0.61x | 1.89x | NT$-31.75 Million |
| 2020 | -4.67% | -6.53% | 0.36x | 1.99x | NT$-85.37 Million |
| 2021 | -1.78% | -2.31% | 0.38x | 2.04x | NT$-67.00 Million |
| 2022 | -0.71% | -1.25% | 0.30x | 1.92x | NT$-61.37 Million |
| 2023 | -6.30% | -9.34% | 0.39x | 1.72x | NT$-87.02 Million |
| 2024 | 0.24% | 0.30% | 0.49x | 1.65x | NT$-53.03 Million |
Industry Comparison
This section compares Globalsat Worldcom's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $3,006,665,444
- Average return on equity (ROE) among peers: 9.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globalsat Worldcom (3499) | NT$468.44 Million | 1.30% | 0.60x | $18.03 Million |
| Chroma ATE Inc (2360) | $4.96 Billion | 20.34% | 0.61x | $9.53 Billion |
| Good Will Instrument Co Ltd (2423) | $2.21 Billion | 12.83% | 0.37x | $90.45 Million |
| Test Research Inc (3030) | $5.01 Billion | 11.88% | 0.21x | $1.10 Billion |
| Altek Corp (3059) | $9.12 Billion | 3.85% | 0.74x | $322.79 Million |
| RoyalTek Co Ltd (3306) | $1.34 Billion | -3.40% | 0.20x | $39.20 Million |
| Materials Analysis Technology (3587) | $758.04 Million | 11.20% | 0.27x | $286.53 Million |
| FineTek Co Ltd (4549) | $1.42 Billion | 16.22% | 0.35x | $70.94 Million |
| Sysgration Ltd (5309) | $1.21 Billion | 7.91% | 1.41x | $303.56 Million |
| Kingwaytek Technology Co Ltd (6516) | $1.03 Billion | 5.93% | 0.23x | $62.64 Million |