Ant Precision Industry Co Ltd (3646) - Net Assets
Based on the latest financial reports, Ant Precision Industry Co Ltd (3646) has net assets worth NT$513.27 Million TWD (≈ $16.17 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$957.97 Million ≈ $30.18 Million USD) and total liabilities (NT$444.70 Million ≈ $14.01 Million USD). 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. Check 3646 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$513.27 Million |
| % of Total Assets | 53.58% |
| Annual Growth Rate | 1.05% |
| 5-Year Change | 0.24% |
| 10-Year Change | N/A |
| Growth Volatility | 5.09 |
Ant Precision Industry Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Ant Precision Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Ant Precision Industry Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Ant Precision Industry Co Ltd (2017–2025)
The table below shows the annual net assets of Ant Precision Industry Co Ltd from 2017 to 2025. For live valuation and market cap data, see Ant Precision Industry Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$513.27 Million ≈ $16.17 Million |
-6.66% |
| 2024-12-31 | NT$549.92 Million ≈ $17.33 Million |
+2.41% |
| 2023-12-31 | NT$536.99 Million ≈ $16.92 Million |
-3.74% |
| 2022-12-31 | NT$557.88 Million ≈ $17.58 Million |
+8.95% |
| 2021-12-31 | NT$512.03 Million ≈ $16.13 Million |
+8.06% |
| 2020-12-31 | NT$473.82 Million ≈ $14.93 Million |
+1.59% |
| 2019-12-31 | NT$466.40 Million ≈ $14.69 Million |
-2.30% |
| 2018-12-31 | NT$477.39 Million ≈ $15.04 Million |
+1.08% |
| 2017-12-31 | NT$472.29 Million ≈ $14.88 Million |
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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 decreased by 11.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$41.35 Million | 8.06% |
| Other Components | NT$471.93 Million | 91.94% |
| Total Equity | NT$513.27 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 |
|---|---|
|
Ktop Reit
KO:145270
|
$28.85 Million |
|
Uvre Ltd
AU:UVA
|
$28.85 Million |
|
Impero AS
CO:IMPERO
|
$28.86 Million |
|
Enero Group Ltd
AU:EGG
|
$28.89 Million |
|
SoftOx Solutions AS
OL:SOFTX
|
$28.83 Million |
|
Trend Gayrimenkul Yatirim Ortakligi AS
IS:TDGYO
|
$28.82 Million |
|
Perdana Gapura Prima Tbk
JK:GPRA
|
$28.82 Million |
|
Lee Enterprises Incorporated
NASDAQ:LEE
|
$28.81 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 2024 to 2025, total equity changed from 549,919,000 to 513,274,000, a change of -36,645,000 (-6.7%).
- Net income of 22,202,000 contributed positively to equity growth.
- Dividend payments of 64,841,000 reduced retained earnings.
- Other factors increased equity by 5,994,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$22.20 Million | +4.33% |
| Dividends Paid | NT$64.84 Million | -12.63% |
| Other Changes | NT$5.99 Million | +1.17% |
| Total Change | NT$- | -6.66% |
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: 1.78x
- 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 1.93x to 1.78x 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$23.30 | x |
| 2018-12-31 | NT$12.19 | NT$23.30 | x |
| 2019-12-31 | NT$11.87 | NT$23.30 | x |
| 2020-12-31 | NT$12.06 | NT$23.30 | x |
| 2021-12-31 | NT$13.03 | NT$23.30 | x |
| 2022-12-31 | NT$14.20 | NT$23.30 | x |
| 2023-12-31 | NT$13.66 | NT$23.30 | x |
| 2024-12-31 | NT$13.99 | NT$23.30 | x |
| 2025-12-31 | NT$13.06 | NT$23.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ant Precision Industry Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.32%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.87x
- Recent ROE (4.33%) is below the historical average (10.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.31% | 5.99% | 0.81x | 1.30x | NT$-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$-414.90K |
| 2025 | 4.33% | 3.32% | 0.70x | 1.87x | NT$-29.13 Million |
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: $192,873,822,500
- Average return on equity (ROE) among peers: 9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ant Precision Industry Co Ltd (3646) | NT$513.27 Million | 6.31% | 0.87x | $28.85 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 16.02% | 0.51x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $2.80 Billion | 0.00% | 2.80x | $1.78 Billion |
| Delta Electronics Inc (2308) | $55.06 Billion | 20.58% | 0.62x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $32.37 Billion | 15.88% | 1.22x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.66 Trillion | 8.54% | 1.50x | $96.56 Billion |
| Yageo Corp (2327) | $136.62 Billion | 12.79% | 1.43x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $11.99 Billion | 5.76% | 0.72x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $15.85 Billion | 3.13% | 0.42x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.97 Billion | 7.43% | 0.24x | $642.50 Million |
About 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