GAME HOURS Inc.
GAME HOURS Inc. develops and publishes mobile gaming products. The company was formerly known as WeGames Corporation and changed its name to GAME HOURS Inc. in December 2020. GAME HOURS Inc. was incorporated in 2013 and is based in Taipei, Taiwan.
GAME HOURS Inc. (6626) - Net Assets
Latest net assets as of December 2023: NT$75.46 Million TWD
Based on the latest financial reports, GAME HOURS Inc. (6626) has net assets worth NT$75.46 Million TWD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$244.58 Million) and total liabilities (NT$169.12 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$75.46 Million |
| % of Total Assets | 30.85% |
| Annual Growth Rate | -45.93% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 18.1 |
GAME HOURS Inc. - Net Assets Trend (2019–2023)
This chart illustrates how GAME HOURS 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 GAME HOURS Inc. (2019–2023)
The table below shows the annual net assets of GAME HOURS Inc. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$75.46 Million | -52.71% |
| 2022-12-31 | NT$159.57 Million | -48.40% |
| 2021-12-31 | NT$309.26 Million | -12.90% |
| 2020-12-31 | NT$355.05 Million | -59.79% |
| 2019-12-31 | NT$883.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GAME HOURS 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 17126700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$271.77 Million | 372.00% |
| Other Comprehensive Income | NT$-16.31 Million | -22.32% |
| Total Equity | NT$73.06 Million | 100.00% |
GAME HOURS Inc. Competitors by Market Cap
The table below lists competitors of GAME HOURS Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stonehenge Globale Valueaktier KL
CO:SHIGVAKL
|
$204.67K |
|
SPARTA (SPT6.SG)
STU:SPT6
|
$204.80K |
|
Entergy New Orleans LLC Pref
NYSE:ENO
|
$204.86K |
|
ULTRA CLEAN HLDGS
BE:UCE
|
$204.98K |
|
CFG BANK
BC:CFG-BANK
|
$204.47K |
|
ABENGOA YIELD
MU:AY3
|
$204.30K |
|
NOCTILUCA S.A. ZY -15
F:G0Z
|
$204.09K |
|
TUT Fitness Group Inc
V:GYM
|
$203.90K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GAME HOURS Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 157,363,000 to 73,056,000, a change of -84,307,000 (-53.6%).
- Net loss of 83,031,000 reduced equity.
- Other comprehensive income decreased equity by 1,276,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-83.03 Million | -113.65% |
| Other Comprehensive Income | NT$-1.28 Million | -1.75% |
| Total Change | NT$- | -53.57% |
Book Value vs Market Value Analysis
This analysis compares GAME HOURS 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: 1.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.17x to 1.06x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$16.76 | NT$2.84 | x |
| 2020-12-31 | NT$12.91 | NT$2.84 | x |
| 2021-12-31 | NT$11.30 | NT$2.84 | x |
| 2022-12-31 | NT$5.79 | NT$2.84 | x |
| 2023-12-31 | NT$2.69 | NT$2.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GAME HOURS Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -113.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.98%
- • Asset Turnover: 1.48x
- • Equity Multiplier: 3.35x
- Recent ROE (-113.65%) is below the historical average (-54.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -22.45% | -9.82% | 1.19x | 1.92x | NT$-149.36 Million |
| 2020 | -24.44% | -14.00% | 0.91x | 1.92x | NT$-121.25 Million |
| 2021 | -12.27% | -6.59% | 1.02x | 1.83x | NT$-68.43 Million |
| 2022 | -101.73% | -46.44% | 0.79x | 2.76x | NT$-175.83 Million |
| 2023 | -113.65% | -22.98% | 1.48x | 3.35x | NT$-90.34 Million |
Industry Comparison
This section compares GAME HOURS Inc.'s net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $2,719,658,700
- Average return on equity (ROE) among peers: 9.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GAME HOURS Inc. (6626) | NT$75.46 Million | -22.45% | 2.24x | $204.64K |
| Chinese Gamer International (3083) | $1.13 Billion | -2.01% | 0.12x | $33.78 Million |
| Wayi International Digital Entertainment Co (3086) | $134.18 Million | -44.96% | 1.53x | $44.55 Million |
| International Games System Co Ltd (3293) | $8.97 Billion | 52.77% | 0.36x | $5.35 Billion |
| Userjoy Technology Co Ltd (3546) | $1.01 Billion | 13.32% | 0.22x | $94.02 Million |
| MacroWell OMG Digital Entertainment Co Ltd (3687) | $3.96 Billion | 1.32% | 1.22x | $41.14 Million |
| Cayenne Entertainment Technology Co. Ltd. (4946) | $118.92 Million | 20.59% | 1.02x | $20.54 Million |
| X-Legend Entertainment Co Ltd (4994) | $1.79 Billion | 24.25% | 0.44x | $99.66 Million |
| Soft-World International (5478) | $6.48 Billion | 6.50% | 0.74x | $163.32 Million |
| Softstar Entertainment (6111) | $3.27 Billion | 18.91% | 0.63x | $78.55 Million |
| InterServ International Inc. (6169) | $336.85 Million | 1.69% | 0.33x | $8.66 Million |