Sea Sonic Electronics Co Ltd (6203) - Net Assets
Based on the latest financial reports, Sea Sonic Electronics Co Ltd (6203) has net assets worth NT$2.92 Billion TWD (≈ $92.02 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$3.85 Billion ≈ $121.17 Million USD) and total liabilities (NT$925.19 Million ≈ $29.15 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 asset resilience ratio of Sea Sonic Electronics Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.92 Billion |
| % of Total Assets | 75.94% |
| Annual Growth Rate | 6.66% |
| 5-Year Change | 37.42% |
| 10-Year Change | 100.23% |
| Growth Volatility | 8.36 |
Sea Sonic Electronics Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Sea Sonic Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sea Sonic Electronics Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Sea Sonic Electronics Co Ltd (2009–2024)
The table below shows the annual net assets of Sea Sonic Electronics Co Ltd from 2009 to 2024. For live valuation and market cap data, see how much is Sea Sonic Electronics Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.95 Billion ≈ $92.79 Million |
-3.60% |
| 2023-12-31 | NT$3.06 Billion ≈ $96.25 Million |
+15.61% |
| 2022-12-31 | NT$2.64 Billion ≈ $83.26 Million |
+2.32% |
| 2021-12-31 | NT$2.58 Billion ≈ $81.38 Million |
+20.52% |
| 2020-12-31 | NT$2.14 Billion ≈ $67.52 Million |
+23.83% |
| 2019-12-31 | NT$1.73 Billion ≈ $54.53 Million |
+5.43% |
| 2018-12-31 | NT$1.64 Billion ≈ $51.72 Million |
+14.16% |
| 2017-12-31 | NT$1.44 Billion ≈ $45.30 Million |
-4.07% |
| 2016-12-31 | NT$1.50 Billion ≈ $47.23 Million |
+1.91% |
| 2015-12-31 | NT$1.47 Billion ≈ $46.34 Million |
-5.31% |
| 2014-12-31 | NT$1.55 Billion ≈ $48.94 Million |
+7.94% |
| 2013-12-31 | NT$1.44 Billion ≈ $45.34 Million |
+7.95% |
| 2012-12-31 | NT$1.33 Billion ≈ $42.00 Million |
+3.24% |
| 2011-12-31 | NT$1.29 Billion ≈ $40.68 Million |
+5.98% |
| 2010-12-31 | NT$1.22 Billion ≈ $38.38 Million |
+8.79% |
| 2009-12-31 | NT$1.12 Billion ≈ $35.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sea Sonic Electronics 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 169.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.09 Billion | 36.85% |
| Other Components | NT$1.86 Billion | 63.15% |
| Total Equity | NT$2.95 Billion | 100.00% |
Sea Sonic Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Sea Sonic Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CareRx Corp
TO:CRRX
|
$167.61 Million |
|
Omiris AG
F:HBD1
|
$167.69 Million |
|
LIWANLI Innovation Co Ltd
TW:3054
|
$167.70 Million |
|
Answer Technology Co Ltd
TW:3528
|
$167.72 Million |
|
Seronics Co. Ltd
KQ:042600
|
$167.44 Million |
|
Astec LifeSciences Limited
NSE:ASTEC
|
$167.40 Million |
|
Waton Financial Limited Ordinary Shares
NASDAQ:WTF
|
$167.38 Million |
|
Genexine Inc
KQ:095700
|
$167.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sea Sonic Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,055,102,000 to 2,945,089,000, a change of -110,013,000 (-3.6%).
- Net income of 288,670,000 contributed positively to equity growth.
- Dividend payments of 411,791,000 reduced retained earnings.
- Other comprehensive income decreased equity by 747,762,000.
- Other factors increased equity by 760,870,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$288.67 Million | +9.8% |
| Dividends Paid | NT$411.79 Million | -13.98% |
| Other Comprehensive Income | NT$-747.76 Million | -25.39% |
| Other Changes | NT$760.87 Million | +25.84% |
| Total Change | NT$- | -3.60% |
Book Value vs Market Value Analysis
This analysis compares Sea Sonic Electronics 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: 1.80x
- 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 4.61x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$14.01 | NT$64.50 | x |
| 2010-12-31 | NT$19.81 | NT$64.50 | x |
| 2011-12-31 | NT$16.15 | NT$64.50 | x |
| 2012-12-31 | NT$16.53 | NT$64.50 | x |
| 2013-12-31 | NT$17.83 | NT$64.50 | x |
| 2014-12-31 | NT$19.30 | NT$64.50 | x |
| 2015-12-31 | NT$18.26 | NT$64.50 | x |
| 2016-12-31 | NT$18.57 | NT$64.50 | x |
| 2017-12-31 | NT$17.85 | NT$64.50 | x |
| 2018-12-31 | NT$20.39 | NT$64.50 | x |
| 2019-12-31 | NT$21.48 | NT$64.50 | x |
| 2020-12-31 | NT$26.68 | NT$64.50 | x |
| 2021-12-31 | NT$29.75 | NT$64.50 | x |
| 2022-12-31 | NT$30.26 | NT$64.50 | x |
| 2023-12-31 | NT$35.47 | NT$64.50 | x |
| 2024-12-31 | NT$35.74 | NT$64.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sea Sonic Electronics 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): 9.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.28%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.20x
- Recent ROE (9.80%) is below the historical average (19.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 34.25% | 17.96% | 1.20x | 1.58x | NT$271.59 Million |
| 2010 | 24.49% | 12.28% | 1.40x | 1.42x | NT$176.50 Million |
| 2011 | 25.13% | 10.82% | 1.38x | 1.69x | NT$195.32 Million |
| 2012 | 19.16% | 10.28% | 1.17x | 1.59x | NT$122.14 Million |
| 2013 | 19.19% | 11.57% | 1.07x | 1.55x | NT$132.18 Million |
| 2014 | 22.57% | 13.60% | 1.19x | 1.39x | NT$195.20 Million |
| 2015 | 13.40% | 11.28% | 0.85x | 1.39x | NT$49.96 Million |
| 2016 | 13.42% | 11.94% | 0.80x | 1.41x | NT$51.27 Million |
| 2017 | 7.29% | 6.04% | 0.77x | 1.57x | NT$-39.01 Million |
| 2018 | 18.31% | 13.27% | 0.99x | 1.40x | NT$136.43 Million |
| 2019 | 17.07% | 13.18% | 0.86x | 1.51x | NT$122.43 Million |
| 2020 | 28.51% | 15.70% | 0.97x | 1.88x | NT$396.81 Million |
| 2021 | 29.15% | 15.00% | 1.16x | 1.67x | NT$494.54 Million |
| 2022 | 17.04% | 17.62% | 0.66x | 1.46x | NT$185.96 Million |
| 2023 | 20.12% | 18.44% | 0.78x | 1.39x | NT$309.20 Million |
| 2024 | 9.80% | 14.28% | 0.57x | 1.20x | NT$-5.84 Million |
Industry Comparison
This section compares Sea Sonic Electronics Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sea Sonic Electronics Co Ltd (6203) | NT$2.92 Billion | 34.25% | 0.32x | $167.45 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $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) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Sea Sonic Electronics Co Ltd
Sea Sonic Electronics Co., Ltd., together with its subsidiaries, researches, develops, produces, and sells power conversion products under the Seasonic brand in Taiwan, Asia, Europe, the United States, and internationally. The company offers power supplies, cooling fans for PCs, and cables; and Smart Sensor, which is used to measure the distribution of electric consumption and provide monitoring … Read more