Thermaltake Technology Co Ltd
Thermaltake Technology Co., Ltd. engages in the wholesale of electronic materials, office machinery, and equipment in America, Asia, Europe, Taiwan, and internationally. The company offers chassis, power supply units, cooling systems, memory modules, gaming PCs, gaming peripherals, and gaming furniture under the Thermaltake brand; keyboards, headsets, mice, and accessories under the Tt eSPORTS br… Read more
Thermaltake Technology Co Ltd (3540) - Net Assets
Latest net assets as of September 2025: NT$1.67 Billion TWD
Based on the latest financial reports, Thermaltake Technology Co Ltd (3540) has net assets worth NT$1.67 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$5.79 Billion) and total liabilities (NT$4.12 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$1.67 Billion |
| % of Total Assets | 28.83% |
| Annual Growth Rate | 4.17% |
| 5-Year Change | 1.32% |
| 10-Year Change | N/A |
| Growth Volatility | 9.47 |
Thermaltake Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Thermaltake Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thermaltake Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Thermaltake Technology Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.76 Billion | -3.28% |
| 2023-12-31 | NT$1.82 Billion | +5.23% |
| 2022-12-31 | NT$1.73 Billion | +2.88% |
| 2021-12-31 | NT$1.69 Billion | -3.24% |
| 2020-12-31 | NT$1.74 Billion | +24.62% |
| 2019-12-31 | NT$1.40 Billion | -3.97% |
| 2018-12-31 | NT$1.46 Billion | +9.77% |
| 2017-12-31 | NT$1.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thermaltake Technology 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 decreased by 3.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$230.50 Million | 12.76% |
| Other Components | NT$1.58 Billion | 87.24% |
| Total Equity | NT$1.81 Billion | 100.00% |
Thermaltake Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Thermaltake Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HMT Limited
NSE:HMT
|
$54.09 Million |
|
Maxigen Biotech Inc
TW:1783
|
$54.12 Million |
|
Two Rivers Financial Group Inc
PINK:TRVR
|
$54.12 Million |
|
KIRAC GALVANIZ
IS:TCKRC
|
$54.14 Million |
|
Leader Electronics Inc
TW:3058
|
$54.08 Million |
|
Xtra-Gold Resources Corp
OTCQB:XTGRF
|
$54.08 Million |
|
Hispanotels Inversiones SOCIMI SA
MC:YHSP
|
$54.06 Million |
|
Huisen Shares Group Limited
PINK:HHIGF
|
$54.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thermaltake Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,835,532,000 to 1,807,097,000, a change of -28,435,000 (-1.5%).
- Net loss of 97,653,000 reduced equity.
- Dividend payments of 64,808,000 reduced retained earnings.
- New share issuances of 9,218,000 increased equity.
- Other factors increased equity by 124,808,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-97.65 Million | -5.4% |
| Dividends Paid | NT$64.81 Million | -3.59% |
| Share Issuances | NT$9.22 Million | +0.51% |
| Other Changes | NT$124.81 Million | +6.91% |
| Total Change | NT$- | -1.55% |
Book Value vs Market Value Analysis
This analysis compares Thermaltake Technology 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: 1.19x
- 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 1.61x to 1.19x 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$18.51 | NT$29.75 | x |
| 2018-12-31 | NT$19.70 | NT$29.75 | x |
| 2019-12-31 | NT$19.01 | NT$29.75 | x |
| 2020-12-31 | NT$24.10 | NT$29.75 | x |
| 2021-12-31 | NT$23.49 | NT$29.75 | x |
| 2022-12-31 | NT$24.33 | NT$29.75 | x |
| 2023-12-31 | NT$25.49 | NT$29.75 | x |
| 2024-12-31 | NT$24.94 | NT$29.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thermaltake Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.45%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.88x
- Recent ROE (-5.40%) is below the historical average (8.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.82% | 3.33% | 1.23x | 2.15x | NT$-15.54 Million |
| 2018 | 9.25% | 3.43% | 1.21x | 2.22x | NT$-10.76 Million |
| 2019 | 6.11% | 2.10% | 1.15x | 2.53x | NT$-53.95 Million |
| 2020 | 26.71% | 8.70% | 1.16x | 2.65x | NT$285.90 Million |
| 2021 | 12.99% | 5.12% | 1.02x | 2.48x | NT$50.05 Million |
| 2022 | 1.77% | 0.96% | 0.74x | 2.48x | NT$-142.91 Million |
| 2023 | 5.47% | 2.29% | 0.95x | 2.52x | NT$-83.21 Million |
| 2024 | -5.40% | -2.45% | 0.76x | 2.88x | NT$-278.36 Million |
Industry Comparison
This section compares Thermaltake Technology Co Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $3,312,448,400
- Average return on equity (ROE) among peers: 5.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thermaltake Technology Co Ltd (3540) | NT$1.67 Billion | 8.82% | 2.47x | $54.09 Million |
| China Wire & Cable Co Ltd (1603) | $2.97 Billion | 5.87% | 1.87x | $76.79 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $4.81 Billion | 5.96% | 0.12x | $111.21 Million |
| Senao International Co Ltd (2450) | $5.75 Billion | 13.96% | 0.78x | $64.69 Million |
| Wah Lee Industrial Corp (3010) | $9.66 Billion | 12.01% | 1.40x | $657.70 Million |
| Weikeng Industrial Co Ltd (3033) | $5.27 Billion | 7.42% | 2.79x | $437.75 Million |
| Edom Technology Co Ltd (3048) | $1.99 Billion | 12.36% | 1.70x | $185.16 Million |
| MetaTech AP (3224) | $599.51 Million | 0.87% | 0.30x | $61.04 Million |
| Sentronic International (3232) | $707.13 Million | 2.11% | 1.04x | $22.41 Million |
| Kworld Computer Co Ltd (3287) | $564.27 Million | 0.19% | 0.26x | $17.87 Million |
| Casing Macron Technology Co Ltd (3325) | $814.66 Million | -2.98% | 0.98x | $31.07 Million |