Azion Corporation (6148) - Net Assets
Based on the latest financial reports, Azion Corporation (6148) has net assets worth NT$575.55 Million TWD (≈ $18.13 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$1.26 Billion ≈ $39.62 Million USD) and total liabilities (NT$682.09 Million ≈ $21.49 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 Azion Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$575.55 Million |
| % of Total Assets | 45.76% |
| Annual Growth Rate | -1.48% |
| 5-Year Change | 15.93% |
| 10-Year Change | N/A |
| Growth Volatility | 10.45 |
Azion Corporation - Net Assets Trend (2017–2024)
This chart illustrates how Azion Corporation's net assets have evolved over time, based on quarterly financial data. Also explore 6148 asset base for the complete picture of this company's asset base.
Annual Net Assets for Azion Corporation (2017–2024)
The table below shows the annual net assets of Azion Corporation from 2017 to 2024. For live valuation and market cap data, see 6148 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$606.36 Million ≈ $19.10 Million |
+2.58% |
| 2023-12-31 | NT$591.08 Million ≈ $18.62 Million |
+10.25% |
| 2022-12-31 | NT$536.14 Million ≈ $16.89 Million |
-1.85% |
| 2021-12-31 | NT$546.26 Million ≈ $17.21 Million |
+4.44% |
| 2020-12-31 | NT$523.05 Million ≈ $16.48 Million |
+5.39% |
| 2019-12-31 | NT$496.29 Million ≈ $15.64 Million |
-2.38% |
| 2018-12-31 | NT$508.37 Million ≈ $16.02 Million |
-24.49% |
| 2017-12-31 | NT$673.23 Million ≈ $21.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Azion 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 grown by 34717600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$100.73 Million | 16.61% |
| Other Components | NT$505.63 Million | 83.39% |
| Total Equity | NT$606.36 Million | 100.00% |
Azion Corporation Competitors by Market Cap
The table below lists competitors of Azion Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aplex Technology
TWO:6570
|
$45.61 Million |
|
Bareket Capital Ltd
TA:BRKT
|
$45.63 Million |
|
Vertoz Advertising Limited
NSE:VERTOZ
|
$45.65 Million |
|
York Timber Holdings Ltd
JSE:YRK
|
$45.66 Million |
|
Bumi Benowo Sukses Sejahtera Pt
JK:BBSS
|
$45.56 Million |
|
Impact BioMedical, Inc.
NYSE MKT:IBO
|
$45.54 Million |
|
Lizhi Inc
NASDAQ:SOGP
|
$45.51 Million |
|
Apollo Minerals Ltd
AU:AON
|
$45.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Azion Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 591,079,000 to 606,356,000, a change of 15,277,000 (2.6%).
- Net income of 71,956,000 contributed positively to equity growth.
- Dividend payments of 55,924,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$71.96 Million | +11.87% |
| Dividends Paid | NT$55.92 Million | -9.22% |
| Other Changes | NT$-755.00K | -0.12% |
| Total Change | NT$- | 2.58% |
Book Value vs Market Value Analysis
This analysis compares Azion 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: 2.39x
- 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 2.17x to 2.39x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$14.32 | NT$31.05 | x |
| 2018-12-31 | NT$11.30 | NT$31.05 | x |
| 2019-12-31 | NT$10.88 | NT$31.05 | x |
| 2020-12-31 | NT$11.71 | NT$31.05 | x |
| 2021-12-31 | NT$11.97 | NT$31.05 | x |
| 2022-12-31 | NT$11.74 | NT$31.05 | x |
| 2023-12-31 | NT$12.95 | NT$31.05 | x |
| 2024-12-31 | NT$13.01 | NT$31.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Azion Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.54%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.93x
- Recent ROE (11.87%) is above the historical average (5.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -17.84% | -24.73% | 0.35x | 2.05x | NT$-187.42 Million |
| 2018 | 9.90% | 7.16% | 0.45x | 3.05x | NT$-504.20K |
| 2019 | 5.52% | 3.87% | 0.73x | 1.96x | NT$-22.24 Million |
| 2020 | 9.52% | 6.75% | 0.74x | 1.90x | NT$-2.49 Million |
| 2021 | 8.19% | 7.08% | 0.55x | 2.11x | NT$-9.89 Million |
| 2022 | 7.07% | 7.51% | 0.52x | 1.82x | NT$-15.73 Million |
| 2023 | 12.86% | 8.59% | 0.73x | 2.05x | NT$16.92 Million |
| 2024 | 11.87% | 9.54% | 0.64x | 1.93x | NT$11.32 Million |
Industry Comparison
This section compares Azion Corporation's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $3,545,987,700
- Average return on equity (ROE) among peers: 5.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Azion Corporation (6148) | NT$575.55 Million | -17.84% | 1.19x | $45.59 Million |
| Microelectronics Technology Inc (2314) | $5.20 Billion | 8.15% | 0.60x | $47.14 Million |
| Tecom Co Ltd (2321) | $547.52 Million | 8.67% | 4.30x | $12.46 Million |
| D-Link Corp (2332) | $8.93 Billion | -4.95% | 0.76x | $260.42 Million |
| Accton Technology Corp (2345) | $7.06 Billion | 14.25% | 0.92x | $40.15 Billion |
| Hitron Technologies Inc (2419) | $3.48 Billion | 4.27% | 1.04x | $306.23 Million |
| Abocom Systems Inc (2444) | $1.36 Billion | 7.88% | 0.70x | $42.72 Million |
| Zinwell Corporation (2485) | $2.25 Billion | 6.82% | 0.17x | $587.53 Million |
| Loop Telecommunication International Inc (3025) | $787.95 Million | -5.56% | 0.24x | $107.43 Million |
| Edimax Technology Co Ltd (3047) | $2.49 Billion | 3.33% | 1.52x | $102.61 Million |
| CyberTAN Technology Inc (3062) | $3.36 Billion | 9.59% | 1.88x | $257.39 Million |
About Azion Corporation
Azion Corporation provides information, communication, network, telecommunications, broadband, traffic control engineering, and cloud applications services in Taiwan. The company's products include DataPilot 10, a handheld digital evidence collection instrument; big data platforms; Cisco data center and virtualization, Cisco cloud collaboration, and Cisco enterprise network services; information … Read more