ATrack Technology (6465) - Net Assets
Based on the latest financial reports, ATrack Technology (6465) has net assets worth NT$415.52 Million TWD (≈ $13.09 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$490.57 Million ≈ $15.46 Million USD) and total liabilities (NT$75.05 Million ≈ $2.36 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 financial resilience of ATrack Technology to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$415.52 Million |
| % of Total Assets | 84.7% |
| Annual Growth Rate | 2.78% |
| 5-Year Change | 78.46% |
| 10-Year Change | N/A |
| Growth Volatility | 52.45 |
ATrack Technology - Net Assets Trend (2017–2024)
This chart illustrates how ATrack Technology's net assets have evolved over time, based on quarterly financial data. Also explore ATrack Technology (6465) total assets for the complete picture of this company's asset base.
Annual Net Assets for ATrack Technology (2017–2024)
The table below shows the annual net assets of ATrack Technology from 2017 to 2024. For live valuation and market cap data, see market value of ATrack Technology.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$451.34 Million ≈ $14.22 Million |
+130.94% |
| 2023-12-31 | NT$195.44 Million ≈ $6.16 Million |
-21.58% |
| 2022-12-31 | NT$249.20 Million ≈ $7.85 Million |
-26.66% |
| 2021-12-31 | NT$339.79 Million ≈ $10.71 Million |
+34.35% |
| 2020-12-31 | NT$252.91 Million ≈ $7.97 Million |
-25.67% |
| 2019-12-31 | NT$340.24 Million ≈ $10.72 Million |
-8.52% |
| 2018-12-31 | NT$371.94 Million ≈ $11.72 Million |
-0.15% |
| 2017-12-31 | NT$372.51 Million ≈ $11.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ATrack 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 decreased by 510.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$699.20 Million | 154.91% |
| Total Equity | NT$451.34 Million | 100.00% |
ATrack Technology Competitors by Market Cap
The table below lists competitors of ATrack Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globaltec Formation Bhd
KLSE:5220
|
$60.81 Million |
|
Shan-Loong Transportation Co Ltd
TW:2616
|
$60.81 Million |
|
Daxor Corporation
NASDAQ:DXR
|
$60.84 Million |
|
JLS Co.Ltd
KQ:040420
|
$60.84 Million |
|
Evertex Fabrinology Ltd
TW:1470
|
$60.80 Million |
|
Wahana Ottomitra Multiartha
JK:WOMF
|
$60.79 Million |
|
PJ Metal Co. Ltd
KQ:128660
|
$60.76 Million |
|
Halmont Properties Corporation
V:HMT
|
$60.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ATrack Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 195,436,000 to 451,343,000, a change of 255,907,000 (130.9%).
- Net loss of 65,663,000 reduced equity.
- New share issuances of 322,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-65.66 Million | -14.55% |
| Share Issuances | NT$322.00 Million | +71.34% |
| Other Changes | NT$-430.00K | -0.1% |
| Total Change | NT$- | 130.94% |
Book Value vs Market Value Analysis
This analysis compares ATrack 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: 4.68x
- 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 3.80x to 4.68x 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$11.89 | NT$45.20 | x |
| 2018-12-31 | NT$11.70 | NT$45.20 | x |
| 2019-12-31 | NT$10.73 | NT$45.20 | x |
| 2020-12-31 | NT$10.43 | NT$45.20 | x |
| 2021-12-31 | NT$12.13 | NT$45.20 | x |
| 2022-12-31 | NT$7.81 | NT$45.20 | x |
| 2023-12-31 | NT$6.13 | NT$45.20 | x |
| 2024-12-31 | NT$9.66 | NT$45.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ATrack Technology utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.81%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.10x
- Recent ROE (-14.55%) is above the historical average (-14.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.78% | 14.89% | 0.41x | 1.59x | NT$-824.20K |
| 2018 | 0.25% | 0.47% | 0.28x | 1.89x | NT$-36.27 Million |
| 2019 | 0.36% | 0.46% | 0.40x | 1.94x | NT$-32.81 Million |
| 2020 | -37.22% | -39.07% | 0.44x | 2.14x | NT$-119.41 Million |
| 2021 | -14.11% | -22.95% | 0.32x | 1.94x | NT$-81.92 Million |
| 2022 | -36.46% | -47.63% | 0.35x | 2.19x | NT$-115.78 Million |
| 2023 | -27.06% | -21.89% | 0.48x | 2.59x | NT$-72.43 Million |
| 2024 | -14.55% | -40.81% | 0.33x | 1.10x | NT$-110.80 Million |
Industry Comparison
This section compares ATrack Technology's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $3,545,987,700
- Average return on equity (ROE) among peers: 5.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ATrack Technology (6465) | NT$415.52 Million | 9.78% | 0.18x | $60.80 Million |
| Microelectronics Technology Inc (2314) | $5.20 Billion | 8.15% | 0.60x | $47.14 Million |
| Tecom Co Ltd (2321) | $547.52 Million | 8.67% | 4.30x | $12.46 Million |
| D-Link Corp (2332) | $8.93 Billion | -4.95% | 0.76x | $260.42 Million |
| Accton Technology Corp (2345) | $7.06 Billion | 14.25% | 0.92x | $40.15 Billion |
| Hitron Technologies Inc (2419) | $3.48 Billion | 4.27% | 1.04x | $306.23 Million |
| Abocom Systems Inc (2444) | $1.36 Billion | 7.88% | 0.70x | $42.72 Million |
| Zinwell Corporation (2485) | $2.25 Billion | 6.82% | 0.17x | $587.53 Million |
| Loop Telecommunication International Inc (3025) | $787.95 Million | -5.56% | 0.24x | $107.43 Million |
| Edimax Technology Co Ltd (3047) | $2.49 Billion | 3.33% | 1.52x | $102.61 Million |
| CyberTAN Technology Inc (3062) | $3.36 Billion | 9.59% | 1.88x | $257.39 Million |
About ATrack Technology
ATrack Technology Inc. telematics products and services in Taiwan, the United States, Canada, Japan, France, Australia, Mexico, and internationally. It offers telematics gateway and tracking, and asset tracking products, as well as accessories. The company also provides AI Vision dash cameras and rugged Bluetooth sensors. In addition, it offers software products, such as ATrack Device Management,… Read more