V-Tac Technology Co Ltd (6229) - Net Assets
Based on the latest financial reports, V-Tac Technology Co Ltd (6229) has net assets worth NT$675.59 Million TWD (≈ $21.28 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$1.63 Billion ≈ $51.45 Million USD) and total liabilities (NT$957.34 Million ≈ $30.16 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 V-Tac Technology Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$675.59 Million |
| % of Total Assets | 41.37% |
| Annual Growth Rate | 7.16% |
| 5-Year Change | 54.05% |
| 10-Year Change | N/A |
| Growth Volatility | 30.52 |
V-Tac Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how V-Tac Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore V-Tac Technology Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for V-Tac Technology Co Ltd (2017–2024)
The table below shows the annual net assets of V-Tac Technology Co Ltd from 2017 to 2024. For live valuation and market cap data, see market cap of V-Tac Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$748.94 Million ≈ $23.60 Million |
+17.16% |
| 2023-12-31 | NT$639.25 Million ≈ $20.14 Million |
-2.64% |
| 2022-12-31 | NT$656.61 Million ≈ $20.69 Million |
-6.53% |
| 2021-12-31 | NT$702.47 Million ≈ $22.13 Million |
+44.49% |
| 2020-12-31 | NT$486.17 Million ≈ $15.32 Million |
-39.13% |
| 2019-12-31 | NT$798.74 Million ≈ $25.16 Million |
+59.49% |
| 2018-12-31 | NT$500.79 Million ≈ $15.78 Million |
+8.48% |
| 2017-12-31 | NT$461.66 Million ≈ $14.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to V-Tac Technology 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 129.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$222.46 Million | 29.70% |
| Other Components | NT$526.48 Million | 70.30% |
| Total Equity | NT$748.94 Million | 100.00% |
V-Tac Technology Co Ltd Competitors by Market Cap
The table below lists competitors of V-Tac Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PIMS Inc.
KQ:347770
|
$32.68 Million |
|
Berentzen Gruppe AG
XETRA:BEZ
|
$32.69 Million |
|
S Connect Co. LTD
KQ:096630
|
$32.70 Million |
|
Havila Shipping ASA
OL:HAVI
|
$32.72 Million |
|
Christiani & Nielsen (Thai) Public Company Limited
BK:CNT
|
$32.68 Million |
|
Acula Technology
TWO:3434
|
$32.67 Million |
|
Samwha Elec
KO:011230
|
$32.66 Million |
|
WOOJUNG BIO Inc
KQ:215380
|
$32.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in V-Tac Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 639,251,000 to 748,944,000, a change of 109,693,000 (17.2%).
- Net income of 21,701,000 contributed positively to equity growth.
- Dividend payments of 17,820,000 reduced retained earnings.
- New share issuances of 110,023,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$21.70 Million | +2.9% |
| Dividends Paid | NT$17.82 Million | -2.38% |
| Share Issuances | NT$110.02 Million | +14.69% |
| Other Changes | NT$-4.21 Million | -0.56% |
| Total Change | NT$- | 17.16% |
Book Value vs Market Value Analysis
This analysis compares V-Tac Technology 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: 1.38x
- 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 2.01x to 1.38x 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$12.79 | NT$25.70 | x |
| 2018-12-31 | NT$13.88 | NT$25.70 | x |
| 2019-12-31 | NT$13.00 | NT$25.70 | x |
| 2020-12-31 | NT$13.53 | NT$25.70 | x |
| 2021-12-31 | NT$19.56 | NT$25.70 | x |
| 2022-12-31 | NT$18.19 | NT$25.70 | x |
| 2023-12-31 | NT$17.93 | NT$25.70 | x |
| 2024-12-31 | NT$18.56 | NT$25.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently V-Tac Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.21%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 2.01x
- Recent ROE (2.90%) is below the historical average (7.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 5.72% | 1.52% | 2.15x | 1.75x | NT$-19.74 Million |
| 2018 | 5.52% | 1.73% | 1.87x | 1.70x | NT$-22.44 Million |
| 2019 | 4.51% | 1.36% | 1.91x | 1.75x | NT$-25.73 Million |
| 2020 | 9.70% | 2.70% | 1.87x | 1.92x | NT$-1.46 Million |
| 2021 | 22.78% | 7.57% | 1.37x | 2.19x | NT$89.75 Million |
| 2022 | 12.05% | 4.93% | 1.22x | 2.00x | NT$13.48 Million |
| 2023 | 0.30% | 0.18% | 0.89x | 1.93x | NT$-62.00 Million |
| 2024 | 2.90% | 1.21% | 1.19x | 2.01x | NT$-53.19 Million |
Industry Comparison
This section compares V-Tac Technology Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $202,930,058,900
- Average return on equity (ROE) among peers: 7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| V-Tac Technology Co Ltd (6229) | NT$675.59 Million | 5.72% | 1.42x | $32.68 Million |
| Polylite Taiwan Co Ltd (1813) | $883.80 Million | -0.02% | 0.44x | $18.07 Million |
| United Microelectronics Corporation (2303) | $281.20 Billion | 18.22% | 0.65x | $30.66 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.14 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $1.61 Trillion | 21.92% | 0.40x | $1.74 Trillion |
| Macronix International Co Ltd (2337) | $24.66 Billion | 22.38% | 0.79x | $8.99 Billion |
| Optotech Corp (2340) | $7.08 Billion | 9.72% | 0.77x | $524.91 Million |
| Mosel Vitelic Inc (2342) | $6.57 Billion | -10.87% | 0.51x | $166.75 Million |
| Winbond Electronics Corp (2344) | $60.28 Billion | 5.50% | 0.10x | $12.73 Billion |
| Silicon Integrated Systems Corp (2363) | $7.70 Billion | -2.92% | 0.01x | $843.70 Million |
| Realtek Semiconductor Corp (2379) | $22.11 Billion | 17.61% | 0.86x | $8.72 Billion |
About V-Tac Technology Co Ltd
V-TAC Technology Co.,Ltd. provides professional services for semiconductor industry in Taiwan. It offers various types of MCUs (4-32 bits), voice and sound effects, sensor IC and imaging products, HMI products, PCBA modules, TFT modules, optical modules, and computer peripherals. The company also provides MCU, TFT, CMOS, G-sensor, Wifi or BLE module, LED, SD card, IR module, DC motor, memory, and… Read more