Ado Optronics
ADO Optronics Corporation engages in the manufacturing, processing, and trading of various connectors, plugs, electronic components, and lighting products. It operates through Lighting Source and Connecting Cable Operation; Energy Generation Operation; and Plastic Injection (PR) Operation segments. The company assembles and sells lighting sources and connecting cables. It also produces and manufa… Read more
Ado Optronics (3516) - Net Assets
Latest net assets as of September 2025: NT$1.60 Billion TWD
Based on the latest financial reports, Ado Optronics (3516) has net assets worth NT$1.60 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$2.75 Billion) and total liabilities (NT$1.15 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$1.60 Billion |
| % of Total Assets | 58.09% |
| Annual Growth Rate | 2.98% |
| 5-Year Change | 27.44% |
| 10-Year Change | N/A |
| Growth Volatility | 13.13 |
Ado Optronics - Net Assets Trend (2017–2024)
This chart illustrates how Ado Optronics's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ado Optronics (2017–2024)
The table below shows the annual net assets of Ado Optronics from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.64 Billion | +15.19% |
| 2023-12-31 | NT$1.43 Billion | -0.31% |
| 2022-12-31 | NT$1.43 Billion | +10.38% |
| 2021-12-31 | NT$1.30 Billion | +0.54% |
| 2020-12-31 | NT$1.29 Billion | -18.59% |
| 2019-12-31 | NT$1.58 Billion | +24.49% |
| 2018-12-31 | NT$1.27 Billion | -4.91% |
| 2017-12-31 | NT$1.34 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ado Optronics'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 65.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$20.36 Million | 1.32% |
| Other Components | NT$1.52 Billion | 98.68% |
| Total Equity | NT$1.54 Billion | 100.00% |
Ado Optronics Competitors by Market Cap
The table below lists competitors of Ado Optronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sonic Interfreight Public Company Limited
BK:SONIC
|
$15.83 Million |
|
Spirit Technology Solutions Ltd
AU:ST1
|
$15.83 Million |
|
Yigit Aku Malzemeleri Nakliyat Turizm Insaat Sanayi ve Ticaret A.S.
IS:YIGIT
|
$15.83 Million |
|
HOVE A/S DK -10
F:LL0
|
$15.83 Million |
|
OPCOM Holdings Bhd
KLSE:0035
|
$15.81 Million |
|
Mineral Commodities Ltd
AU:MRC
|
$15.81 Million |
|
Medivir AB (publ)
F:MVR0
|
$15.81 Million |
|
TPC Power Holding Public Company Limited
BK:TPCH
|
$15.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ado Optronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,330,216,000 to 1,541,304,000, a change of 211,088,000 (15.9%).
- Net income of 19,471,000 contributed positively to equity growth.
- Dividend payments of 1,052,000 reduced retained earnings.
- New share issuances of 126,000,000 increased equity.
- Other factors increased equity by 66,669,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$19.47 Million | +1.26% |
| Dividends Paid | NT$1.05 Million | -0.07% |
| Share Issuances | NT$126.00 Million | +8.17% |
| Other Changes | NT$66.67 Million | +4.33% |
| Total Change | NT$- | 15.87% |
Book Value vs Market Value Analysis
This analysis compares Ado Optronics'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: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$25.77 | NT$19.65 | x |
| 2018-12-31 | NT$24.39 | NT$19.65 | x |
| 2019-12-31 | NT$23.95 | NT$19.65 | x |
| 2020-12-31 | NT$24.31 | NT$19.65 | x |
| 2021-12-31 | NT$24.36 | NT$19.65 | x |
| 2022-12-31 | NT$25.31 | NT$19.65 | x |
| 2023-12-31 | NT$25.24 | NT$19.65 | x |
| 2024-12-31 | NT$25.88 | NT$19.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ado Optronics utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.60%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.76x
- Recent ROE (1.26%) is above the historical average (1.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.93% | 1.68% | 0.43x | 1.27x | NT$-121.35 Million |
| 2018 | -4.32% | -8.18% | 0.40x | 1.31x | NT$-181.27 Million |
| 2019 | 0.19% | 0.35% | 0.41x | 1.31x | NT$-118.94 Million |
| 2020 | 1.39% | 2.54% | 0.40x | 1.37x | NT$-110.48 Million |
| 2021 | 3.39% | 4.06% | 0.56x | 1.49x | NT$-85.29 Million |
| 2022 | 4.15% | 5.78% | 0.40x | 1.79x | NT$-78.35 Million |
| 2023 | 1.11% | 1.42% | 0.44x | 1.79x | NT$-118.27 Million |
| 2024 | 1.26% | 1.60% | 0.45x | 1.76x | NT$-134.66 Million |
Industry Comparison
This section compares Ado Optronics's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $7,026,096,778
- Average return on equity (ROE) among peers: 10.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ado Optronics (3516) | NT$1.60 Billion | 0.93% | 0.72x | $15.82 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $8.23 Billion | 5.97% | 0.53x | $159.60 Million |
| Sampo Corp (1604) | $7.48 Billion | 1.91% | 0.73x | $194.91 Million |
| China Electric Manufacturing Corp (1611) | $4.56 Billion | 1.75% | 0.29x | $96.73 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.17 Billion | 4.11% | 0.26x | $126.91 Million |
| Airmate Cayman International Co Ltd (1626) | $2.22 Billion | 22.35% | 2.06x | $26.74 Million |
| Hocheng Corp (1810) | $6.31 Billion | 3.21% | 0.80x | $119.59 Million |
| King Slide Works Co Ltd (2059) | $28.04 Billion | 35.08% | 0.25x | $5.64 Billion |
| Fortune Oriental Co Ltd (2491) | $724.35 Million | 5.40% | 1.92x | $24.92 Million |
| Bedding World Co., Ltd. (2938) | $492.43 Million | 17.07% | 2.01x | $3.06 Million |