Innovision FlexTech Corporation
Innovision FlexTech Corporation engages in the manufacture and sale of ambient light rejection screens worldwide. It offers ultra-short throw front projection, mid/long throw front projection, and rear projection screens. The company was founded in 2007 and is based in Kaohsiung, Taiwan.
Innovision FlexTech Corporation (6673) - Net Assets
Latest net assets as of June 2025: NT$83.24 Million TWD
Based on the latest financial reports, Innovision FlexTech Corporation (6673) has net assets worth NT$83.24 Million TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$198.10 Million) and total liabilities (NT$114.86 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$83.24 Million |
| % of Total Assets | 42.02% |
| Annual Growth Rate | -16.46% |
| 5-Year Change | -48.64% |
| 10-Year Change | N/A |
| Growth Volatility | 16.8 |
Innovision FlexTech Corporation - Net Assets Trend (2019–2024)
This chart illustrates how Innovision FlexTech Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Innovision FlexTech Corporation (2019–2024)
The table below shows the annual net assets of Innovision FlexTech Corporation from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$97.76 Million | -16.32% |
| 2023-12-31 | NT$116.83 Million | -41.96% |
| 2022-12-31 | NT$201.29 Million | +0.46% |
| 2021-12-31 | NT$200.37 Million | +5.27% |
| 2020-12-31 | NT$190.34 Million | -20.80% |
| 2019-12-31 | NT$240.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Innovision FlexTech Corporation'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 14658500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$263.52 Million | 278.03% |
| Other Components | NT$5.54 Million | 5.85% |
| Total Equity | NT$94.78 Million | 100.00% |
Innovision FlexTech Corporation Competitors by Market Cap
The table below lists competitors of Innovision FlexTech Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kirkland Lake Discoveries Corp.
PINK:KLKLF
|
$3.92 Million |
|
Copper Road Resources Inc.
V:CRD
|
$3.92 Million |
|
Minbos Resources Limited
F:OMB
|
$3.92 Million |
|
Calima Energy Limited
OTCQB:CLMEF
|
$3.92 Million |
|
Gigasun AB
ST:GIGA
|
$3.91 Million |
|
East Asia Holdings Investment Limited
KQ:900110
|
$3.91 Million |
|
EQTEC plc
LSE:EQT
|
$3.91 Million |
|
Adneo Ltd
AU:AD1
|
$3.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Innovision FlexTech Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 116,825,000 to 94,781,000, a change of -22,044,000 (-18.9%).
- Net loss of 22,367,000 reduced equity.
- Other comprehensive income increased equity by 30,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-22.37 Million | -23.6% |
| Other Comprehensive Income | NT$30.00K | +0.03% |
| Other Changes | NT$293.00K | +0.31% |
| Total Change | NT$- | -18.87% |
Book Value vs Market Value Analysis
This analysis compares Innovision FlexTech Corporation'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: 2.62x
- 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 1.03x to 2.62x 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$9.12 | NT$9.43 | x |
| 2020-12-31 | NT$7.22 | NT$9.43 | x |
| 2021-12-31 | NT$7.60 | NT$9.43 | x |
| 2022-12-31 | NT$7.64 | NT$9.43 | x |
| 2023-12-31 | NT$4.43 | NT$9.43 | x |
| 2024-12-31 | NT$3.60 | NT$9.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Innovision FlexTech Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -23.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.61%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.63x
- Recent ROE (-23.60%) is above the historical average (-25.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -38.34% | -61.12% | 0.29x | 2.13x | NT$-116.17 Million |
| 2020 | -26.33% | -27.95% | 0.43x | 2.21x | NT$-69.15 Million |
| 2021 | 5.02% | 3.96% | 0.66x | 1.91x | NT$-9.97 Million |
| 2022 | 0.43% | 0.38% | 0.60x | 1.89x | NT$-19.27 Million |
| 2023 | -72.79% | -42.92% | 0.77x | 2.19x | NT$-96.72 Million |
| 2024 | -23.60% | -14.61% | 0.61x | 2.63x | NT$-31.85 Million |
Industry Comparison
This section compares Innovision FlexTech Corporation'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 |
|---|---|---|---|---|
| Innovision FlexTech Corporation (6673) | NT$83.24 Million | -38.34% | 1.38x | $3.91 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 |