Advance Materials Corporation
Advance Materials Corporation manufactures and sells electronic components in Taiwan and Asia. The company offers low CTE non-flow prepreg, dry film solder mask, chip resistor protective ink, glass substrate, flexible printed circuit material, touchscreen, particular photoresist, and two-fluid type photoimageable solder resist. It also provides copper clad laminate; optical materials, including e… Read more
Advance Materials Corporation (3585) - Net Assets
Latest net assets as of June 2025: NT$1.06 Billion TWD
Based on the latest financial reports, Advance Materials Corporation (3585) has net assets worth NT$1.06 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.19 Billion) and total liabilities (NT$132.74 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$1.06 Billion |
| % of Total Assets | 88.87% |
| Annual Growth Rate | -4.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.35 |
Advance Materials Corporation - Net Assets Trend (2020–2024)
This chart illustrates how Advance Materials Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Advance Materials Corporation (2020–2024)
The table below shows the annual net assets of Advance Materials Corporation from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.13 Billion | +5.05% |
| 2023-12-31 | NT$1.07 Billion | -15.07% |
| 2022-12-31 | NT$1.26 Billion | -8.74% |
| 2021-12-31 | NT$1.38 Billion | +3.22% |
| 2020-12-31 | NT$1.34 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Advance Materials Corporation'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 16629400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.12 Billion | 103.62% |
| Other Comprehensive Income | NT$51.28 Million | 4.76% |
| Other Components | NT$114.27 Million | 10.60% |
| Total Equity | NT$1.08 Billion | 100.00% |
Advance Materials Corporation Competitors by Market Cap
The table below lists competitors of Advance Materials Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CIB Marine Bancshares Inc
OTCQX:CIBH
|
$31.69 Million |
|
EDU Holdings Ltd
AU:EDU
|
$31.69 Million |
|
My Humble House Hospitality Management Consulting Co Ltd
TW:2739
|
$31.71 Million |
|
Ls Networks
KO:000680
|
$31.71 Million |
|
Edip Gayrimenkul Yatirim Sanayi ve Ticaret AS
IS:EDIP
|
$31.67 Million |
|
Implantica AG
F:8IM1
|
$31.67 Million |
|
Squirrel Media SA
MC:SQRL
|
$31.67 Million |
|
ZCCM Investments Holdings Plc
PA:MLZAM
|
$31.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advance Materials Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,033,660,000 to 1,077,777,000, a change of 44,117,000 (4.3%).
- Net income of 55,108,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 10,082,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$55.11 Million | +5.11% |
| Other Comprehensive Income | NT$-10.08 Million | -0.94% |
| Other Changes | NT$-909.00K | -0.08% |
| Total Change | NT$- | 4.27% |
Book Value vs Market Value Analysis
This analysis compares Advance Materials Corporation'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: 1.60x
- 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 1.39x to 1.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$11.12 | NT$15.45 | x |
| 2021-12-31 | NT$11.64 | NT$15.45 | x |
| 2022-12-31 | NT$10.65 | NT$15.45 | x |
| 2023-12-31 | NT$9.26 | NT$15.45 | x |
| 2024-12-31 | NT$9.65 | NT$15.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advance Materials Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.67%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.17x
- Recent ROE (5.11%) is above the historical average (-4.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -3.33% | -7.61% | 0.35x | 1.27x | NT$-165.99 Million |
| 2021 | 1.58% | 3.31% | 0.36x | 1.30x | NT$-109.47 Million |
| 2022 | -11.99% | -35.36% | 0.25x | 1.34x | NT$-261.59 Million |
| 2023 | -14.52% | -45.28% | 0.25x | 1.27x | NT$-253.44 Million |
| 2024 | 5.11% | 14.67% | 0.30x | 1.17x | NT$-52.67 Million |
Industry Comparison
This section compares Advance Materials Corporation's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advance Materials Corporation (3585) | NT$1.06 Billion | -3.33% | 0.13x | $31.68 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |