Ant Precision Industry Co Ltd
ANT Precision Industry Co., Ltd engages in the manufacture and sell of connectors, wire harnesses, and modules in Taiwan and internationally. It offers mold and die precision parts, and stainless-steel parts; automotive and industrial connectors, and wire harnesses; and modules, such as connectors, cables, PCBAs, housings, and other components. The company also engages in the precision machining,… Read more
Ant Precision Industry Co Ltd (3646) - Net Assets
Latest net assets as of September 2025: NT$481.14 Million TWD
Based on the latest financial reports, Ant Precision Industry Co Ltd (3646) has net assets worth NT$481.14 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$915.38 Million) and total liabilities (NT$434.24 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$481.14 Million |
| % of Total Assets | 52.56% |
| Annual Growth Rate | 2.2% |
| 5-Year Change | 16.06% |
| 10-Year Change | N/A |
| Growth Volatility | 4.43 |
Ant Precision Industry Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Ant Precision Industry 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 Ant Precision Industry Co Ltd (2017–2024)
The table below shows the annual net assets of Ant Precision Industry Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$549.92 Million | +2.41% |
| 2023-12-31 | NT$536.99 Million | -3.74% |
| 2022-12-31 | NT$557.88 Million | +8.95% |
| 2021-12-31 | NT$512.03 Million | +8.06% |
| 2020-12-31 | NT$473.82 Million | +1.59% |
| 2019-12-31 | NT$466.40 Million | -2.30% |
| 2018-12-31 | NT$477.39 Million | +1.08% |
| 2017-12-31 | NT$472.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ant Precision Industry 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 grown by 55.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$73.02 Million | 13.28% |
| Other Components | NT$476.90 Million | 86.72% |
| Total Equity | NT$549.92 Million | 100.00% |
Ant Precision Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Ant Precision Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dimension Computer Technology Co Ltd
TWO:6140
|
$21.98 Million |
|
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS
IS:FLAP
|
$21.99 Million |
|
Everbrite Technology Co Ltd
TWO:4523
|
$21.99 Million |
|
Mastech Holdings Inc
NYSE MKT:MHH
|
$22.00 Million |
|
Luks Group (Vietnam Holdings) Company Limited
F:LU4
|
$21.96 Million |
|
Intellinetics Inc
NYSE MKT:INLX
|
$21.96 Million |
|
KEYEAST.Co.Ltd
KQ:054780
|
$21.96 Million |
|
Paragon Globe Bhd
KLSE:3611
|
$21.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ant Precision Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 536,991,000 to 549,919,000, a change of 12,928,000 (2.4%).
- Net income of 54,577,000 contributed positively to equity growth.
- Dividend payments of 62,335,000 reduced retained earnings.
- Other factors increased equity by 20,686,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$54.58 Million | +9.92% |
| Dividends Paid | NT$62.34 Million | -11.34% |
| Other Changes | NT$20.69 Million | +3.76% |
| Total Change | NT$- | 2.41% |
Book Value vs Market Value Analysis
This analysis compares Ant Precision Industry 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: 1.76x
- 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 2.03x to 1.76x 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$12.09 | NT$24.60 | x |
| 2018-12-31 | NT$12.19 | NT$24.60 | x |
| 2019-12-31 | NT$11.87 | NT$24.60 | x |
| 2020-12-31 | NT$12.06 | NT$24.60 | x |
| 2021-12-31 | NT$13.03 | NT$24.60 | x |
| 2022-12-31 | NT$14.20 | NT$24.60 | x |
| 2023-12-31 | NT$13.66 | NT$24.60 | x |
| 2024-12-31 | NT$13.99 | NT$24.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ant Precision Industry Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.76%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.53x
- Recent ROE (9.92%) is below the historical average (11.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.31% | 5.99% | 0.81x | 1.30x | NT$-17.44 Million |
| 2018 | 10.08% | 9.07% | 0.83x | 1.34x | NT$382.90K |
| 2019 | 9.48% | 8.14% | 0.81x | 1.43x | NT$-2.42 Million |
| 2020 | 9.62% | 7.81% | 0.80x | 1.54x | NT$-1.79 Million |
| 2021 | 16.67% | 9.95% | 1.01x | 1.66x | NT$34.14 Million |
| 2022 | 16.09% | 10.81% | 0.86x | 1.73x | NT$33.98 Million |
| 2023 | 9.89% | 6.66% | 0.90x | 1.66x | NT$-566.10K |
| 2024 | 9.92% | 6.76% | 0.96x | 1.53x | NT$-414.90K |
Industry Comparison
This section compares Ant Precision Industry Co Ltd'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 |
|---|---|---|---|---|
| Ant Precision Industry Co Ltd (3646) | NT$481.14 Million | 6.31% | 0.90x | $21.97 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 |