Taiwan Thick-Film Ind (6246) - Net Assets
Based on the latest financial reports, Taiwan Thick-Film Ind (6246) has net assets worth NT$428.30 Million TWD (≈ $13.49 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.32 Billion ≈ $41.47 Million USD) and total liabilities (NT$887.83 Million ≈ $27.97 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 6246 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$428.30 Million |
| % of Total Assets | 32.54% |
| Annual Growth Rate | 3.68% |
| 5-Year Change | 4.73% |
| 10-Year Change | N/A |
| Growth Volatility | 13.66 |
Taiwan Thick-Film Ind - Net Assets Trend (2016–2025)
This chart illustrates how Taiwan Thick-Film Ind's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Taiwan Thick-Film Ind for the complete picture of this company's asset base.
Annual Net Assets for Taiwan Thick-Film Ind (2016–2025)
The table below shows the annual net assets of Taiwan Thick-Film Ind from 2016 to 2025. For live valuation and market cap data, see Taiwan Thick-Film Ind (6246) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$428.30 Million ≈ $13.49 Million |
+10.27% |
| 2024-12-31 | NT$388.42 Million ≈ $12.24 Million |
-6.80% |
| 2023-12-31 | NT$416.78 Million ≈ $13.13 Million |
-5.76% |
| 2022-12-31 | NT$442.23 Million ≈ $13.93 Million |
+8.14% |
| 2021-12-31 | NT$408.94 Million ≈ $12.88 Million |
+28.39% |
| 2020-12-31 | NT$318.52 Million ≈ $10.04 Million |
+3.81% |
| 2019-12-31 | NT$306.84 Million ≈ $9.67 Million |
-20.02% |
| 2018-12-31 | NT$383.66 Million ≈ $12.09 Million |
+3.79% |
| 2017-12-31 | NT$369.64 Million ≈ $11.65 Million |
+19.53% |
| 2016-12-31 | NT$309.26 Million ≈ $9.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taiwan Thick-Film Ind'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 80.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$18.71 Million | 4.37% |
| Other Components | NT$409.59 Million | 95.63% |
| Total Equity | NT$428.30 Million | 100.00% |
Taiwan Thick-Film Ind Competitors by Market Cap
The table below lists competitors of Taiwan Thick-Film Ind ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Karsu Tekstil Sanayi ve Ticaret AS
IS:KRTEK
|
$19.56 Million |
|
Shenzhen Wongtee International Enterprise Co Ltd
SHE:200056
|
$19.56 Million |
|
Artego Tg. Jiu
RO:ARTE
|
$19.56 Million |
|
Equippp Social Impact Technologies Limited
NSE:EQUIPPP
|
$19.58 Million |
|
ZOONO Group Ltd
AU:ZNO
|
$19.54 Million |
|
Mhethanol Co. Ltd.
KO:023150
|
$19.54 Million |
|
Starbreeze AB (publ)
ST:STAR-B
|
$19.52 Million |
|
Big Tree Cloud Holdings Limited Ordinary Shares
NASDAQ:DSY
|
$19.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Thick-Film Ind's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 388,424,000 to 428,299,000, a change of 39,875,000 (10.3%).
- Net income of 43,277,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$43.28 Million | +10.1% |
| Other Changes | NT$-3.40 Million | -0.79% |
| Total Change | NT$- | 10.27% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Thick-Film Ind'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: 1.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$10.91 | NT$16.40 | x |
| 2017-12-31 | NT$12.32 | NT$16.40 | x |
| 2018-12-31 | NT$12.23 | NT$16.40 | x |
| 2019-12-31 | NT$9.78 | NT$16.40 | x |
| 2020-12-31 | NT$9.72 | NT$16.40 | x |
| 2021-12-31 | NT$11.36 | NT$16.40 | x |
| 2022-12-31 | NT$11.68 | NT$16.40 | x |
| 2023-12-31 | NT$11.01 | NT$16.40 | x |
| 2024-12-31 | NT$10.26 | NT$16.40 | x |
| 2025-12-31 | NT$11.32 | NT$16.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Thick-Film Ind 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): 10.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.70%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 3.07x
- Recent ROE (10.10%) is above the historical average (5.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 55.72% | 19.33% | 1.03x | 2.80x | NT$141.38 Million |
| 2017 | 6.94% | 2.49% | 1.08x | 2.57x | NT$-11.30 Million |
| 2018 | 5.07% | 1.86% | 1.17x | 2.33x | NT$-18.91 Million |
| 2019 | -21.21% | -7.89% | 1.01x | 2.66x | NT$-95.77 Million |
| 2020 | 4.12% | 0.89% | 1.20x | 3.83x | NT$-18.72 Million |
| 2021 | 7.86% | 1.68% | 1.50x | 3.13x | NT$-8.75 Million |
| 2022 | 4.85% | 1.11% | 1.40x | 3.14x | NT$-22.77 Million |
| 2023 | -3.47% | -0.88% | 1.31x | 3.00x | NT$-56.14 Million |
| 2024 | -12.88% | -3.33% | 1.16x | 3.34x | NT$-88.86 Million |
| 2025 | 10.10% | 2.70% | 1.22x | 3.07x | NT$447.10K |
Industry Comparison
This section compares Taiwan Thick-Film Ind's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $192,873,822,500
- Average return on equity (ROE) among peers: 9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Thick-Film Ind (6246) | NT$428.30 Million | 55.72% | 2.07x | $19.56 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 16.02% | 0.51x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $2.80 Billion | 0.00% | 2.80x | $1.78 Billion |
| Delta Electronics Inc (2308) | $55.06 Billion | 20.58% | 0.62x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $32.37 Billion | 15.88% | 1.22x | $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) | $1.66 Trillion | 8.54% | 1.50x | $96.56 Billion |
| Yageo Corp (2327) | $136.62 Billion | 12.79% | 1.43x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $11.99 Billion | 5.76% | 0.72x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $15.85 Billion | 3.13% | 0.42x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.97 Billion | 7.43% | 0.24x | $642.50 Million |
About Taiwan Thick-Film Ind
Taiwan Thick-Film Ind. Corp manufactures and sells transformers, backlight modules, light emitting diode (LED) light bars, and light guide plates in Taiwan. The company offers back light modules, such automotive and industrial control, tablet series, NB series, and monitors; LCM assemblies; LED light bars for consumer electronics, industrial control, medical, military, automotive, and other produ… Read more