Wanshih Electronic Co Ltd (6134) - Net Assets
Based on the latest financial reports, Wanshih Electronic Co Ltd (6134) has net assets worth NT$1.04 Billion TWD (≈ $32.69 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.04 Billion ≈ $64.12 Million USD) and total liabilities (NT$997.63 Million ≈ $31.43 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 6134 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.04 Billion |
| % of Total Assets | 50.98% |
| Annual Growth Rate | 3.31% |
| 5-Year Change | 27.3% |
| 10-Year Change | N/A |
| Growth Volatility | 33.52 |
Wanshih Electronic Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Wanshih Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Wanshih Electronic Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Wanshih Electronic Co Ltd (2017–2024)
The table below shows the annual net assets of Wanshih Electronic Co Ltd from 2017 to 2024. For live valuation and market cap data, see Wanshih Electronic Co Ltd (6134) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.11 Billion ≈ $34.93 Million |
+24.93% |
| 2023-12-31 | NT$887.46 Million ≈ $27.96 Million |
+3.05% |
| 2022-12-31 | NT$861.16 Million ≈ $27.13 Million |
-13.63% |
| 2021-12-31 | NT$997.04 Million ≈ $31.41 Million |
+14.49% |
| 2020-12-31 | NT$870.87 Million ≈ $27.44 Million |
-42.29% |
| 2019-12-31 | NT$1.51 Billion ≈ $47.54 Million |
+74.46% |
| 2018-12-31 | NT$864.91 Million ≈ $27.25 Million |
-1.99% |
| 2017-12-31 | NT$882.47 Million ≈ $27.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wanshih Electronic 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 22492600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$960.11 Million | 101.30% |
| Total Equity | NT$947.78 Million | 100.00% |
Wanshih Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Wanshih Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Data Centre Group
AU:GDC
|
$77.91 Million |
|
Rangdong Light source and Vacuum flask JSC
VN:RAL
|
$77.92 Million |
|
All Cosmos Bio-Tech Holding Corp
TW:4148
|
$77.95 Million |
|
PGF Capital Bhd
KLSE:8117
|
$77.95 Million |
|
Strong H Machinery Technology (Cayman) Incorporation
TW:4560
|
$77.88 Million |
|
Fast Food Indonesia Tbk
JK:FAST
|
$77.87 Million |
|
Ci&T Inc
NYSE:CINT
|
$77.86 Million |
|
Johnson Chemical Pharmaceutical Works Co Ltd
TWO:4747
|
$77.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wanshih Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 727,720,000 to 947,782,000, a change of 220,062,000 (30.2%).
- Net income of 17,555,000 contributed positively to equity growth.
- Other factors increased equity by 202,507,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$17.55 Million | +1.85% |
| Other Changes | NT$202.51 Million | +21.37% |
| Total Change | NT$- | 30.24% |
Book Value vs Market Value Analysis
This analysis compares Wanshih Electronic 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: 2.58x
- 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 2.93x to 2.58x 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$10.30 | NT$30.20 | x |
| 2018-12-31 | NT$10.17 | NT$30.20 | x |
| 2019-12-31 | NT$9.80 | NT$30.20 | x |
| 2020-12-31 | NT$10.95 | NT$30.20 | x |
| 2021-12-31 | NT$12.30 | NT$30.20 | x |
| 2022-12-31 | NT$10.23 | NT$30.20 | x |
| 2023-12-31 | NT$10.03 | NT$30.20 | x |
| 2024-12-31 | NT$11.69 | NT$30.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wanshih Electronic Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.12%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.90x
- Recent ROE (1.85%) is above the historical average (-0.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.28% | 3.91% | 0.94x | 2.52x | NT$-4.99 Million |
| 2018 | -3.32% | -1.39% | 0.99x | 2.41x | NT$-91.56 Million |
| 2019 | 1.12% | 0.52% | 0.95x | 2.28x | NT$-58.77 Million |
| 2020 | 3.98% | 1.89% | 0.87x | 2.42x | NT$-44.76 Million |
| 2021 | -4.37% | -2.33% | 0.96x | 1.95x | NT$-128.32 Million |
| 2022 | -8.90% | -4.57% | 0.84x | 2.32x | NT$-140.35 Million |
| 2023 | -6.70% | -4.34% | 0.76x | 2.03x | NT$-121.54 Million |
| 2024 | 1.85% | 1.12% | 0.87x | 1.90x | NT$-77.22 Million |
Industry Comparison
This section compares Wanshih Electronic Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,352,778,700
- Average return on equity (ROE) among peers: 4.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wanshih Electronic Co Ltd (6134) | NT$1.04 Billion | 9.28% | 0.96x | $77.91 Million |
| Microelectronics Technology Inc (2314) | $4.24 Billion | 20.07% | 0.89x | $47.14 Million |
| Tecom Co Ltd (2321) | $549.96 Million | -11.14% | 3.07x | $12.46 Million |
| D-Link Corp (2332) | $13.20 Billion | 0.47% | 0.93x | $260.42 Million |
| Accton Technology Corp (2345) | $7.56 Billion | 8.51% | 0.87x | $40.15 Billion |
| Hitron Technologies Inc (2419) | $1.79 Billion | 3.83% | 1.28x | $306.23 Million |
| Abocom Systems Inc (2444) | $980.48 Million | -1.62% | 1.10x | $42.72 Million |
| Zinwell Corporation (2485) | $7.48 Billion | 11.28% | 0.37x | $587.53 Million |
| Loop Telecommunication International Inc (3025) | $788.88 Million | 1.56% | 0.29x | $107.43 Million |
| Edimax Technology Co Ltd (3047) | $2.36 Billion | 8.03% | 0.91x | $102.61 Million |
| CyberTAN Technology Inc (3062) | $4.58 Billion | 8.00% | 0.51x | $257.39 Million |
About Wanshih Electronic Co Ltd
Wanshih Electronic Co., Ltd. engages in production and sale of electronic parts and components, and computer and peripheral products worldwide. Its products include external cables comprising USB, lightning, HDMI, audio video, LAN, SATA, automobile, and medical cables; wire harness assemblies, such as LVDS/eDP, consumer device, industrial, and robotic cables; antennas, including external Wi-Fi an… Read more