Prolific Technology (6233) - Net Assets
Based on the latest financial reports, Prolific Technology (6233) has net assets worth NT$1.17 Billion TWD (≈ $36.76 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$1.32 Billion ≈ $41.62 Million USD) and total liabilities (NT$154.32 Million ≈ $4.86 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 Prolific Technology asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.17 Billion |
| % of Total Assets | 88.32% |
| Annual Growth Rate | 4.6% |
| 5-Year Change | 35.9% |
| 10-Year Change | N/A |
| Growth Volatility | 5.41 |
Prolific Technology - Net Assets Trend (2017–2024)
This chart illustrates how Prolific Technology's net assets have evolved over time, based on quarterly financial data. Also explore 6233 asset base for the complete picture of this company's asset base.
Annual Net Assets for Prolific Technology (2017–2024)
The table below shows the annual net assets of Prolific Technology from 2017 to 2024. For live valuation and market cap data, see 6233 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.22 Billion ≈ $38.45 Million |
+11.79% |
| 2023-12-31 | NT$1.09 Billion ≈ $34.40 Million |
+4.35% |
| 2022-12-31 | NT$1.05 Billion ≈ $32.96 Million |
+5.76% |
| 2021-12-31 | NT$989.24 Million ≈ $31.17 Million |
+10.16% |
| 2020-12-31 | NT$898.00 Million ≈ $28.29 Million |
-1.67% |
| 2019-12-31 | NT$913.23 Million ≈ $28.77 Million |
+6.93% |
| 2018-12-31 | NT$854.06 Million ≈ $26.91 Million |
-4.15% |
| 2017-12-31 | NT$891.02 Million ≈ $28.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Prolific 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 35372800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$32.36 Million | 2.65% |
| Other Components | NT$1.19 Billion | 97.35% |
| Total Equity | NT$1.22 Billion | 100.00% |
Prolific Technology Competitors by Market Cap
The table below lists competitors of Prolific Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genesem Inc
KQ:217190
|
$70.33 Million |
|
Campina Ice Cream Industry Tbk PT
JK:CAMP
|
$70.35 Million |
|
Grupo Mexicano de Desarrollo S.A.B
MX:GMD
|
$70.36 Million |
|
Meta Biomed Co. Ltd
KQ:059210
|
$70.37 Million |
|
Hunya Foods Co Ltd
TW:1236
|
$70.32 Million |
|
Jakarta Int Hotels & Dev
JK:JIHD
|
$70.28 Million |
|
Thai Mitsuwa Public Company Limited
BK:TMW
|
$70.27 Million |
|
MEGA International Development Co Ltd
TWO:5529
|
$70.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prolific Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,091,718,000 to 1,220,405,000, a change of 128,687,000 (11.8%).
- Net income of 28,663,000 contributed positively to equity growth.
- Dividend payments of 16,777,000 reduced retained earnings.
- New share issuances of 13,584,000 increased equity.
- Other factors increased equity by 103,217,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$28.66 Million | +2.35% |
| Dividends Paid | NT$16.78 Million | -1.37% |
| Share Issuances | NT$13.58 Million | +1.11% |
| Other Changes | NT$103.22 Million | +8.46% |
| Total Change | NT$- | 11.79% |
Book Value vs Market Value Analysis
This analysis compares Prolific 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: 1.86x
- 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 2.61x to 1.86x 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$10.82 | NT$28.25 | x |
| 2018-12-31 | NT$10.10 | NT$28.25 | x |
| 2019-12-31 | NT$11.09 | NT$28.25 | x |
| 2020-12-31 | NT$11.18 | NT$28.25 | x |
| 2021-12-31 | NT$12.40 | NT$28.25 | x |
| 2022-12-31 | NT$13.11 | NT$28.25 | x |
| 2023-12-31 | NT$13.57 | NT$28.25 | x |
| 2024-12-31 | NT$15.21 | NT$28.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prolific Technology utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.87%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.11x
- Recent ROE (2.35%) is above the historical average (0.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -6.64% | -14.03% | 0.42x | 1.13x | NT$-148.29 Million |
| 2018 | -3.33% | -7.99% | 0.38x | 1.10x | NT$-113.85 Million |
| 2019 | 0.36% | 0.91% | 0.35x | 1.13x | NT$-87.99 Million |
| 2020 | 0.98% | 2.36% | 0.37x | 1.14x | NT$-80.96 Million |
| 2021 | 6.07% | 13.40% | 0.40x | 1.13x | NT$-38.83 Million |
| 2022 | 3.83% | 9.14% | 0.37x | 1.13x | NT$-64.58 Million |
| 2023 | 0.26% | 0.80% | 0.30x | 1.10x | NT$-106.28 Million |
| 2024 | 2.35% | 6.87% | 0.31x | 1.11x | NT$-93.38 Million |
Industry Comparison
This section compares Prolific Technology'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 |
|---|---|---|---|---|
| Prolific Technology (6233) | NT$1.17 Billion | -6.64% | 0.13x | $70.33 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 Prolific Technology
Prolific Technology Inc. operates as an IC design company in Taiwan, Mainland China, Japan, South Korea, and the United States. The company provides intelligent USB I/O controller chips, electromechanical integration technologies, and smart green energy solutions. Its system-on-chip (SoC) integration portfolio includes USB interface bridge controllers, USB storage and smart metering solutions, BL… Read more