Appro Photoelectron Inc.
Appro Photoelectron Inc. operates as a design house for image products to enable customers to develop products in Taiwan. It offers camera module solutions, body worn cameras, and car DVR solutions; and image related products for surveillance, law enforcement, industrial, robot, factory, and medical applications, as well as consumer products. The company also provides system integrated and design… Read more
Appro Photoelectron Inc. (6560) - Net Assets
Latest net assets as of June 2024: NT$442.19 Million TWD
Based on the latest financial reports, Appro Photoelectron Inc. (6560) has net assets worth NT$442.19 Million TWD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$479.82 Million) and total liabilities (NT$37.63 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$442.19 Million |
| % of Total Assets | 92.16% |
| Annual Growth Rate | 8.32% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 21.98 |
Appro Photoelectron Inc. - Net Assets Trend (2019–2023)
This chart illustrates how Appro Photoelectron Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Appro Photoelectron Inc. (2019–2023)
The table below shows the annual net assets of Appro Photoelectron Inc. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$450.97 Million | -9.13% |
| 2022-12-31 | NT$496.26 Million | -11.92% |
| 2021-12-31 | NT$563.45 Million | +40.58% |
| 2020-12-31 | NT$400.81 Million | +22.36% |
| 2019-12-31 | NT$327.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Appro Photoelectron Inc.'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 26.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$23.92 Million | 5.30% |
| Common Stock | NT$258.75 Million | 57.38% |
| Other Components | NT$168.30 Million | 37.32% |
| Total Equity | NT$450.97 Million | 100.00% |
Appro Photoelectron Inc. Competitors by Market Cap
The table below lists competitors of Appro Photoelectron Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daesung Finetec Co.Ltd
KQ:104040
|
$24.26 Million |
|
Pyxus International Inc
PINK:PYYX
|
$24.26 Million |
|
INFOvine co. Ltd
KQ:115310
|
$24.26 Million |
|
EarthLabs Inc.
F:8EK0
|
$24.28 Million |
|
T.S. Investment Corp.
KQ:246690
|
$24.25 Million |
|
Hwashin Precision Engineering Co. Ltd
KQ:126640
|
$24.25 Million |
|
Mas Murni Indonesia Tbk
JK:MAMI
|
$24.24 Million |
|
ZYUS Life Sciences Corporation
OTCGREY:ZLSCF
|
$24.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Appro Photoelectron Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 496,258,000 to 450,967,000, a change of -45,291,000 (-9.1%).
- Net loss of 19,717,000 reduced equity.
- Dividend payments of 25,875,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-19.72 Million | -4.37% |
| Dividends Paid | NT$25.88 Million | -5.74% |
| Other Changes | NT$301.00K | +0.07% |
| Total Change | NT$- | -9.13% |
Book Value vs Market Value Analysis
This analysis compares Appro Photoelectron Inc.'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: 2.30x
- 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 3.07x to 2.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$13.08 | NT$40.10 | x |
| 2020-12-31 | NT$15.59 | NT$40.10 | x |
| 2021-12-31 | NT$21.62 | NT$40.10 | x |
| 2022-12-31 | NT$19.00 | NT$40.10 | x |
| 2023-12-31 | NT$17.43 | NT$40.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Appro Photoelectron Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.86%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.11x
- Recent ROE (-4.37%) is below the historical average (14.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 9.13% | 8.71% | 0.83x | 1.26x | NT$-2.85 Million |
| 2020 | 27.16% | 14.77% | 1.19x | 1.55x | NT$68.78 Million |
| 2021 | 34.13% | 15.65% | 1.55x | 1.40x | NT$135.97 Million |
| 2022 | 6.71% | 9.14% | 0.62x | 1.18x | NT$-16.31 Million |
| 2023 | -4.37% | -16.86% | 0.23x | 1.11x | NT$-64.81 Million |
Industry Comparison
This section compares Appro Photoelectron Inc.'s net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Appro Photoelectron Inc. (6560) | NT$442.19 Million | 9.13% | 0.09x | $24.25 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |