Genesis Technology (6221) - Net Assets
Based on the latest financial reports, Genesis Technology (6221) has net assets worth NT$2.86 Billion TWD (≈ $90.13 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.66 Billion ≈ $178.36 Million USD) and total liabilities (NT$2.80 Billion ≈ $88.22 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 how resilient are Genesis Technology's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.86 Billion |
| % of Total Assets | 50.54% |
| Annual Growth Rate | 20.77% |
| 5-Year Change | 135.99% |
| 10-Year Change | N/A |
| Growth Volatility | 8.94 |
Genesis Technology - Net Assets Trend (2017–2024)
This chart illustrates how Genesis Technology's net assets have evolved over time, based on quarterly financial data. Also explore how large is Genesis Technology's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Genesis Technology (2017–2024)
The table below shows the annual net assets of Genesis Technology from 2017 to 2024. For live valuation and market cap data, see Genesis Technology stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.77 Billion ≈ $87.41 Million |
+32.53% |
| 2023-12-31 | NT$2.09 Billion ≈ $65.95 Million |
+15.59% |
| 2022-12-31 | NT$1.81 Billion ≈ $57.06 Million |
+18.49% |
| 2021-12-31 | NT$1.53 Billion ≈ $48.15 Million |
+30.01% |
| 2020-12-31 | NT$1.18 Billion ≈ $37.04 Million |
+28.27% |
| 2019-12-31 | NT$916.48 Million ≈ $28.87 Million |
+5.37% |
| 2018-12-31 | NT$869.80 Million ≈ $27.40 Million |
+17.50% |
| 2017-12-31 | NT$740.28 Million ≈ $23.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Genesis Technology'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 282.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$641.95 Million | 23.14% |
| Other Components | NT$2.13 Billion | 76.86% |
| Total Equity | NT$2.77 Billion | 100.00% |
Genesis Technology Competitors by Market Cap
The table below lists competitors of Genesis Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shree Pushkar Chemicals & Fertilisers Limited
NSE:SHREEPUSHK
|
$138.14 Million |
|
TTK Healthcare Limited
NSE:TTKHLTCARE
|
$138.16 Million |
|
Patriot National Bancorp Inc
NASDAQ:PNBK
|
$138.16 Million |
|
Resources Connection Inc
F:RCO
|
$138.19 Million |
|
Bapcor Ltd
AU:BAP
|
$138.09 Million |
|
Asian Hotels (North) Limited
NSE:ASIANHOTNR
|
$138.09 Million |
|
Connect Biopharma Holdings Ltd
NASDAQ:CNTB
|
$138.08 Million |
|
Acres Commercial Realty Corp
NYSE:ACR
|
$138.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Genesis Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,093,336,000 to 2,774,377,000, a change of 681,041,000 (32.5%).
- Net income of 437,445,000 contributed positively to equity growth.
- New share issuances of 10,351,000 increased equity.
- Other factors increased equity by 233,245,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$437.44 Million | +15.77% |
| Share Issuances | NT$10.35 Million | +0.37% |
| Other Changes | NT$233.25 Million | +8.41% |
| Total Change | NT$- | 32.53% |
Book Value vs Market Value Analysis
This analysis compares Genesis Technology'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: 1.17x
- 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 1.77x to 1.17x 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$14.67 | NT$26.00 | x |
| 2018-12-31 | NT$17.18 | NT$26.00 | x |
| 2019-12-31 | NT$18.09 | NT$26.00 | x |
| 2020-12-31 | NT$11.80 | NT$26.00 | x |
| 2021-12-31 | NT$15.22 | NT$26.00 | x |
| 2022-12-31 | NT$18.11 | NT$26.00 | x |
| 2023-12-31 | NT$20.93 | NT$26.00 | x |
| 2024-12-31 | NT$22.25 | NT$26.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Genesis Technology utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.39%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.97x
- Recent ROE (15.77%) is above the historical average (15.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.25% | 3.09% | 1.16x | 2.57x | NT$-5.54 Million |
| 2018 | 14.85% | 4.37% | 1.18x | 2.89x | NT$42.05 Million |
| 2019 | 19.23% | 5.20% | 1.30x | 2.84x | NT$84.42 Million |
| 2020 | 18.63% | 5.38% | 1.45x | 2.38x | NT$101.35 Million |
| 2021 | 13.81% | 5.36% | 1.10x | 2.34x | NT$58.23 Million |
| 2022 | 18.10% | 6.34% | 1.07x | 2.67x | NT$146.42 Million |
| 2023 | 13.84% | 5.29% | 1.00x | 2.62x | NT$80.45 Million |
| 2024 | 15.77% | 8.39% | 0.95x | 1.97x | NT$160.01 Million |
Industry Comparison
This section compares Genesis Technology's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $3,810,992,444
- Average return on equity (ROE) among peers: 9.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Genesis Technology (6221) | NT$2.86 Billion | 9.25% | 0.98x | $138.10 Million |
| Kwong Fong Industries Corp (1416) | $6.16 Billion | 0.00% | 0.85x | $66.57 Million |
| Syscom Computer Engineering Co (2453) | $2.18 Billion | 14.03% | 1.23x | $168.55 Million |
| Fortune Information Systems Corp (2468) | $1.08 Billion | 2.87% | 0.50x | $73.84 Million |
| Ares International Corp (2471) | $747.21 Million | 8.23% | 0.48x | $78.31 Million |
| Jetwell Computer Co Ltd (3147) | $1.27 Billion | 22.59% | 1.36x | $236.74 Million |
| Wistron Information Technology & Services (4953) | $3.82 Billion | 11.90% | 0.48x | $268.31 Million |
| Sysage Technology Co Ltd (6112) | $4.55 Billion | 12.08% | 0.79x | $271.20 Million |
| Systex Corp (6214) | $13.51 Billion | 5.51% | 0.37x | $948.31 Million |
| Tatung System Technologies (8099) | $975.61 Million | 11.92% | 1.02x | $202.41 Million |
About Genesis Technology
Genesis Technology, Inc., together with its subsidiaries, provides information system integration services and solutions in Taiwan. The company offers virtual machine security protection, data center extension, and IT services. It also offers common application scenario, speed computing network, software area network, intranet security protection, local backup cloud, cloud system restore, securit… Read more