Provision Information Co.Ltd.
Provision Information Co.,Ltd. provides payment, financial application, security solutions, and outsourcing services in Taiwan. The company offers payment solutions such as FISC, mobile, TCH, and digital payment solutions; and financial application solutions, such as ProFEP, a shared platform for developing financial transaction; ProComm which provides solutions for internal system connection of … Read more
Provision Information Co.Ltd. (6590) - Net Assets
Latest net assets as of June 2024: NT$678.49 Million TWD
Based on the latest financial reports, Provision Information Co.Ltd. (6590) has net assets worth NT$678.49 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$1.00 Billion) and total liabilities (NT$325.22 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$678.49 Million |
| % of Total Assets | 67.6% |
| Annual Growth Rate | 8.82% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.59 |
Provision Information Co.Ltd. - Net Assets Trend (2019–2023)
This chart illustrates how Provision Information Co.Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Provision Information Co.Ltd. (2019–2023)
The table below shows the annual net assets of Provision Information Co.Ltd. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$745.33 Million | +7.88% |
| 2022-12-31 | NT$690.87 Million | +34.21% |
| 2021-12-31 | NT$514.77 Million | +6.77% |
| 2020-12-31 | NT$482.14 Million | -9.28% |
| 2019-12-31 | NT$531.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Provision Information 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 231.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$144.85 Million | 22.82% |
| Common Stock | NT$212.91 Million | 33.54% |
| Other Components | NT$277.04 Million | 43.64% |
| Total Equity | NT$634.81 Million | 100.00% |
Provision Information Co.Ltd. Competitors by Market Cap
The table below lists competitors of Provision Information Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OCI International Holdings Limited
PINK:DGTLF
|
$38.60 Million |
|
theglobe.com Inc
PINK:TGLO
|
$38.60 Million |
|
BitNine Co. Ltd.
KQ:357880
|
$38.60 Million |
|
Adhi Karya Persero Tbk
JK:ADHI
|
$38.64 Million |
|
Immutep Ltd
AU:IMM
|
$38.59 Million |
|
SinoMedia Holding Limited
F:SJY
|
$38.58 Million |
|
Knaus Tabbert AG
XETRA:KTA
|
$38.57 Million |
|
Precious Shipping Public Company Limited
PINK:PSGFF
|
$38.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Provision Information Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 586,473,000 to 634,806,000, a change of 48,333,000 (8.2%).
- Net income of 129,474,000 contributed positively to equity growth.
- Dividend payments of 80,907,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$129.47 Million | +20.4% |
| Dividends Paid | NT$80.91 Million | -12.75% |
| Other Changes | NT$-234.00K | -0.04% |
| Total Change | NT$- | 8.24% |
Book Value vs Market Value Analysis
This analysis compares Provision Information 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: 2.46x
- 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 3.82x to 2.46x 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$19.09 | NT$72.90 | x |
| 2020-12-31 | NT$20.86 | NT$72.90 | x |
| 2021-12-31 | NT$22.38 | NT$72.90 | x |
| 2022-12-31 | NT$29.99 | NT$72.90 | x |
| 2023-12-31 | NT$29.63 | NT$72.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Provision Information 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): 20.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.16%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.73x
- Recent ROE (20.40%) is above the historical average (17.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 12.26% | 10.79% | 0.75x | 1.51x | NT$7.96 Million |
| 2020 | 19.26% | 18.33% | 0.63x | 1.67x | NT$35.98 Million |
| 2021 | 20.56% | 18.27% | 0.65x | 1.73x | NT$43.56 Million |
| 2022 | 15.70% | 17.69% | 0.51x | 1.75x | NT$33.43 Million |
| 2023 | 20.40% | 19.16% | 0.61x | 1.73x | NT$65.99 Million |
Industry Comparison
This section compares Provision Information Co.Ltd.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $927,680,300
- Average return on equity (ROE) among peers: -5.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Provision Information Co.Ltd. (6590) | NT$678.49 Million | 12.26% | 0.48x | $38.59 Million |
| Otsuka Information Technology Corp. (3570) | $579.52 Million | 12.81% | 0.32x | $38.41 Million |
| Papago Inc. (3632) | $218.97 Million | -93.30% | 2.17x | $10.89 Million |
| K Way Information (5201) | $394.19 Million | 12.17% | 0.35x | $27.70 Million |
| Cyberlink Co (5203) | $2.71 Billion | -20.79% | 0.46x | $99.87 Million |
| Taiwan Green Environment Technology Inc. (5205) | $72.57 Million | 13.76% | 0.38x | $3.05 Million |
| APEX International Financial Engineering Res & Tech Co Ltd (5210) | $755.05 Million | 0.67% | 0.36x | $39.90 Million |
| Penpower Technology Ltd (5211) | $411.83 Million | -35.47% | 0.15x | $13.45 Million |
| Dimerco Data System (5403) | $2.43 Billion | 25.00% | 0.83x | $213.17 Million |
| Insyde Software (6231) | $669.28 Million | 9.91% | 0.40x | $219.19 Million |
| Interactive Digital Technologies (6486) | $1.04 Billion | 15.45% | 0.92x | $76.03 Million |