Ablerex Electronics Co Ltd
Ablerex Electronics Co., Ltd. manufactures and sells uninterruptible power supplies (UPS) and power quality devices for use in industrial and informatics applications in Taiwan and internationally. It provides energy storage systems; photovoltaic devices; UPS products and accessories; modular and wall mount active power filters; automatic transfer switches; and battery monitoring systems. The com… Read more
Ablerex Electronics Co Ltd (3628) - Net Assets
Latest net assets as of September 2025: NT$1.73 Billion TWD
Based on the latest financial reports, Ablerex Electronics Co Ltd (3628) has net assets worth NT$1.73 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$3.68 Billion) and total liabilities (NT$1.95 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$1.73 Billion |
| % of Total Assets | 47.06% |
| Annual Growth Rate | 1.44% |
| 5-Year Change | 17.34% |
| 10-Year Change | N/A |
| Growth Volatility | 6.36 |
Ablerex Electronics Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Ablerex Electronics 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 Ablerex Electronics Co Ltd (2017–2024)
The table below shows the annual net assets of Ablerex Electronics Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.74 Billion | +2.13% |
| 2023-12-31 | NT$1.70 Billion | -2.78% |
| 2022-12-31 | NT$1.75 Billion | +16.45% |
| 2021-12-31 | NT$1.50 Billion | +1.49% |
| 2020-12-31 | NT$1.48 Billion | -0.13% |
| 2019-12-31 | NT$1.48 Billion | -3.10% |
| 2018-12-31 | NT$1.53 Billion | -2.67% |
| 2017-12-31 | NT$1.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ablerex Electronics 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 41.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$213.71 Million | 12.42% |
| Other Components | NT$1.51 Billion | 87.58% |
| Total Equity | NT$1.72 Billion | 100.00% |
Ablerex Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Ablerex Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Westhaven Ventures Inc
V:WHN
|
$36.61 Million |
|
Aureus Greenway Holdings Inc. Common Stock
NASDAQ:AGH
|
$36.62 Million |
|
Next Capital Public Company Limited
BK:NCAP
|
$36.63 Million |
|
Cenit AG
LSE:0MUF
|
$36.63 Million |
|
Platform Turizm Tasimacilik AS
IS:PLTUR
|
$36.60 Million |
|
Argo Yachts Development Co.,Ltd.
TWO:7566
|
$36.59 Million |
|
Dhampur Sugar Mills Limited
NSE:DHAMPURSUG
|
$36.59 Million |
|
MULTI-CHEM LTD
F:MQR1
|
$36.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ablerex Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,685,214,000 to 1,720,292,000, a change of 35,078,000 (2.1%).
- Net income of 96,642,000 contributed positively to equity growth.
- Dividend payments of 90,000,000 reduced retained earnings.
- Other factors increased equity by 28,436,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$96.64 Million | +5.62% |
| Dividends Paid | NT$90.00 Million | -5.23% |
| Other Changes | NT$28.44 Million | +1.65% |
| Total Change | NT$- | 2.08% |
Book Value vs Market Value Analysis
This analysis compares Ablerex Electronics 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: 1.73x
- 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 1.90x to 1.73x 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$34.69 | NT$66.00 | x |
| 2018-12-31 | NT$33.73 | NT$66.00 | x |
| 2019-12-31 | NT$32.64 | NT$66.00 | x |
| 2020-12-31 | NT$32.50 | NT$66.00 | x |
| 2021-12-31 | NT$32.95 | NT$66.00 | x |
| 2022-12-31 | NT$38.39 | NT$66.00 | x |
| 2023-12-31 | NT$37.28 | NT$66.00 | x |
| 2024-12-31 | NT$38.23 | NT$66.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ablerex Electronics Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.20%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.10x
- Recent ROE (5.62%) is above the historical average (4.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 5.10% | 3.32% | 0.87x | 1.76x | NT$-76.50 Million |
| 2018 | 4.82% | 2.89% | 0.93x | 1.79x | NT$-78.61 Million |
| 2019 | 2.69% | 1.60% | 0.86x | 1.94x | NT$-107.37 Million |
| 2020 | 2.86% | 1.77% | 0.80x | 2.02x | NT$-104.67 Million |
| 2021 | 4.85% | 2.42% | 0.88x | 2.27x | NT$-76.60 Million |
| 2022 | 6.61% | 3.75% | 0.82x | 2.14x | NT$-58.92 Million |
| 2023 | 5.20% | 3.00% | 0.87x | 1.98x | NT$-80.84 Million |
| 2024 | 5.62% | 3.20% | 0.84x | 2.10x | NT$-75.39 Million |
Industry Comparison
This section compares Ablerex Electronics Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ablerex Electronics Co Ltd (3628) | NT$1.73 Billion | 5.10% | 1.12x | $36.60 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |