Plastron Precision Co Ltd
Plastron Precision Co., Ltd. engages in the research and development, manufacture, and marketing of connectors in Taiwan and internationally. It offers board to board, header/socket, USB, memory card connectors, etc.; and serial ATA products, I/O connectors, and edge card connectors. The company was founded in 1988 and is headquartered in New Taipei City, Taiwan.
Plastron Precision Co Ltd (6185) - Net Assets
Latest net assets as of June 2025: NT$2.03 Billion TWD
Based on the latest financial reports, Plastron Precision Co Ltd (6185) has net assets worth NT$2.03 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.38 Billion) and total liabilities (NT$345.06 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$2.03 Billion |
| % of Total Assets | 85.5% |
| Annual Growth Rate | -0.29% |
| 5-Year Change | -0.58% |
| 10-Year Change | N/A |
| Growth Volatility | 4.59 |
Plastron Precision Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Plastron Precision 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 Plastron Precision Co Ltd (2017–2024)
The table below shows the annual net assets of Plastron Precision Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.22 Billion | +0.65% |
| 2023-12-31 | NT$2.20 Billion | +1.79% |
| 2022-12-31 | NT$2.17 Billion | +3.70% |
| 2021-12-31 | NT$2.09 Billion | -6.43% |
| 2020-12-31 | NT$2.23 Billion | -6.89% |
| 2019-12-31 | NT$2.40 Billion | +6.42% |
| 2018-12-31 | NT$2.25 Billion | -0.50% |
| 2017-12-31 | NT$2.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Plastron Precision 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 84.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$154.72 Million | 6.98% |
| Other Components | NT$2.06 Billion | 93.02% |
| Total Equity | NT$2.22 Billion | 100.00% |
Plastron Precision Co Ltd Competitors by Market Cap
The table below lists competitors of Plastron Precision Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Leo Lithium Limited
PINK:LLLAF
|
$48.19 Million |
|
Ratnaveer Precision Engineering Ltd
NSE:RATNAVEER
|
$48.20 Million |
|
Bio-FD&C Co. Ltd.
KQ:251120
|
$48.22 Million |
|
MAIA Biotechnology Inc.
NYSE MKT:MAIA
|
$48.22 Million |
|
Ramayana Lestari Sentosa Tbk
JK:RALS
|
$48.16 Million |
|
Founder Holdings Limited
PINK:FHGDF
|
$48.12 Million |
|
APRANGA AB EO 029
F:WHX
|
$48.11 Million |
|
Viva Leisure Ltd
AU:VVA
|
$48.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plastron Precision Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,203,931,000 to 2,218,201,000, a change of 14,270,000 (0.6%).
- Net income of 8,694,000 contributed positively to equity growth.
- Dividend payments of 77,931,000 reduced retained earnings.
- Other factors increased equity by 83,507,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$8.69 Million | +0.39% |
| Dividends Paid | NT$77.93 Million | -3.51% |
| Other Changes | NT$83.51 Million | +3.76% |
| Total Change | NT$- | 0.65% |
Book Value vs Market Value Analysis
This analysis compares Plastron Precision 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: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.83x to 0.96x 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$17.05 | NT$14.20 | x |
| 2018-12-31 | NT$16.96 | NT$14.20 | x |
| 2019-12-31 | NT$15.99 | NT$14.20 | x |
| 2020-12-31 | NT$14.89 | NT$14.20 | x |
| 2021-12-31 | NT$13.93 | NT$14.20 | x |
| 2022-12-31 | NT$14.45 | NT$14.20 | x |
| 2023-12-31 | NT$14.71 | NT$14.20 | x |
| 2024-12-31 | NT$14.80 | NT$14.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plastron Precision Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.16%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.14x
- Recent ROE (0.39%) is below the historical average (1.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.15% | 14.20% | 0.45x | 1.27x | NT$-41.76 Million |
| 2018 | 4.76% | 9.07% | 0.41x | 1.28x | NT$-117.99 Million |
| 2019 | 2.40% | 5.75% | 0.32x | 1.31x | NT$-182.06 Million |
| 2020 | -4.01% | -12.57% | 0.26x | 1.22x | NT$-312.57 Million |
| 2021 | -4.79% | -19.02% | 0.21x | 1.22x | NT$-308.70 Million |
| 2022 | 2.03% | 7.44% | 0.23x | 1.19x | NT$-172.64 Million |
| 2023 | 4.46% | 16.84% | 0.23x | 1.18x | NT$-122.04 Million |
| 2024 | 0.39% | 2.16% | 0.16x | 1.14x | NT$-213.13 Million |
Industry Comparison
This section compares Plastron Precision 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 |
|---|---|---|---|---|
| Plastron Precision Co Ltd (6185) | NT$2.03 Billion | 8.15% | 0.17x | $48.19 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 |