Taiwan Alpha Electronic Co Ltd
Taiwan Alpha Electronic Co., Ltd. provides electronic components and sensor solutions in Taiwan. The company offers membrane sensors, such as stretch, force, insole pressure, bending detection, position, and force + position sensors, as well as pressure sensor arrays, sensor kits, force-sensing resistor foils. It also provides rotary and slide potentiometers; switches; and encoders. The company's… Read more
Taiwan Alpha Electronic Co Ltd (6204) - Net Assets
Latest net assets as of June 2025: NT$334.88 Million TWD
Based on the latest financial reports, Taiwan Alpha Electronic Co Ltd (6204) has net assets worth NT$334.88 Million 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$492.18 Million) and total liabilities (NT$157.31 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$334.88 Million |
| % of Total Assets | 68.04% |
| Annual Growth Rate | -12.8% |
| 5-Year Change | -54.61% |
| 10-Year Change | N/A |
| Growth Volatility | 16.09 |
Taiwan Alpha Electronic Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Taiwan Alpha Electronic 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 Taiwan Alpha Electronic Co Ltd (2017–2024)
The table below shows the annual net assets of Taiwan Alpha Electronic Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$342.15 Million | +6.66% |
| 2023-12-31 | NT$320.79 Million | -0.54% |
| 2022-12-31 | NT$322.52 Million | -30.06% |
| 2021-12-31 | NT$461.16 Million | -38.83% |
| 2020-12-31 | NT$753.86 Million | -1.43% |
| 2019-12-31 | NT$764.79 Million | -15.14% |
| 2018-12-31 | NT$901.28 Million | +1.01% |
| 2017-12-31 | NT$892.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Alpha 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 decreased by 91.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$44.90 Million | 13.12% |
| Other Components | NT$297.26 Million | 86.88% |
| Total Equity | NT$342.15 Million | 100.00% |
Taiwan Alpha Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Alpha Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TechPrecision Corporation Common stock
NASDAQ:TPCS
|
$31.33 Million |
|
Conrad Asia Energy Ltd
AU:CRD
|
$31.33 Million |
|
TTK Healthcare Limited
NSE:TTKHLTCARE
|
$31.34 Million |
|
Susquehanna Community Financial Inc
PINK:SQCF
|
$31.34 Million |
|
American Eagle Gold Corp
PINK:AMEGF
|
$31.32 Million |
|
Kukbo Design Co. Ltd
KQ:066620
|
$31.30 Million |
|
GenMont Biotech Inc
TW:3164
|
$31.27 Million |
|
Ersan Alisveris Hizmetleri & Gida Sanayi Ticaret AS
IS:KIMMR
|
$31.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Alpha Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 320,789,000 to 342,151,000, a change of 21,362,000 (6.7%).
- Net income of 34,175,000 contributed positively to equity growth.
- Dividend payments of 19,868,000 reduced retained earnings.
- Other factors increased equity by 7,055,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$34.17 Million | +9.99% |
| Dividends Paid | NT$19.87 Million | -5.81% |
| Other Changes | NT$7.05 Million | +2.06% |
| Total Change | NT$- | 6.66% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Alpha 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: 4.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.65x to 4.31x 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$38.62 | NT$63.90 | x |
| 2018-12-31 | NT$39.01 | NT$63.90 | x |
| 2019-12-31 | NT$24.80 | NT$63.90 | x |
| 2020-12-31 | NT$32.50 | NT$63.90 | x |
| 2021-12-31 | NT$19.88 | NT$63.90 | x |
| 2022-12-31 | NT$13.94 | NT$63.90 | x |
| 2023-12-31 | NT$13.89 | NT$63.90 | x |
| 2024-12-31 | NT$14.81 | NT$63.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Alpha Electronic Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.85%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.46x
- Recent ROE (9.99%) is below the historical average (28.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.17% | 8.92% | 0.56x | 1.23x | NT$-34.13 Million |
| 2018 | 5.05% | 7.56% | 0.55x | 1.22x | NT$-44.60 Million |
| 2019 | 4.21% | 6.32% | 0.53x | 1.24x | NT$-44.30 Million |
| 2020 | 4.31% | 7.00% | 0.48x | 1.27x | NT$-42.91 Million |
| 2021 | 62.15% | 46.00% | 0.92x | 1.46x | NT$240.51 Million |
| 2022 | 6.57% | 5.40% | 0.89x | 1.37x | NT$-11.07 Million |
| 2023 | 128.95% | 109.32% | 0.78x | 1.51x | NT$381.56 Million |
| 2024 | 9.99% | 8.85% | 0.77x | 1.46x | NT$-40.10K |
Industry Comparison
This section compares Taiwan Alpha Electronic Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $187,867,240,100
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Alpha Electronic Co Ltd (6204) | NT$334.88 Million | 6.17% | 0.47x | $31.32 Million |
| Syncmold Enterprise Corp (1582) | $4.29 Billion | 16.99% | 0.69x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.39 Billion | 0.00% | 0.90x | $1.40 Billion |
| Delta Electronics Inc (2308) | $325.39 Billion | 20.88% | 0.97x | $80.57 Billion |
| Compeq Manufacturing Co Ltd (2313) | $14.23 Billion | 2.16% | 1.01x | $6.72 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $1.48 Trillion | 6.88% | 1.48x | $76.45 Billion |
| Pan-International Industrial Corp (2328) | $18.48 Billion | 5.79% | 0.37x | $561.22 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $460.73 Million |
| Solomon Technology Corp (2359) | $5.33 Billion | 8.60% | 0.59x | $417.90 Million |
| Unitech Printed Circuit Board Corp (2367) | $8.30 Billion | -8.42% | 1.39x | $1.40 Billion |
| Gold Circuit Electronics Ltd (2368) | $7.17 Billion | 1.81% | 1.92x | $8.82 Billion |