Kingray Technology Co., Ltd.
Kingray Technology Co., Ltd. engages in the semiconductor wafer, diode, and LED epitaxil wafer business in Taiwan. It offers narrow band pass filters and infrared band; new blue glasses; optical and IR cut, UVIR, high reflective, anti-reflective, dichroic color, and IR pass filters; beam splitters; rectangle OEM and octagon dicing; circular OEM drills; TOF products; DMS, ADAS, and ALS products fo… Read more
Kingray Technology Co., Ltd. (6787) - Net Assets
Latest net assets as of June 2025: NT$719.36 Million TWD
Based on the latest financial reports, Kingray Technology Co., Ltd. (6787) has net assets worth NT$719.36 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$810.91 Million) and total liabilities (NT$91.54 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$719.36 Million |
| % of Total Assets | 88.71% |
| Annual Growth Rate | 45.32% |
| 5-Year Change | 185.72% |
| 10-Year Change | N/A |
| Growth Volatility | 61.95 |
Kingray Technology Co., Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Kingray Technology 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 Kingray Technology Co., Ltd. (2019–2024)
The table below shows the annual net assets of Kingray Technology Co., Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$737.60 Million | +47.38% |
| 2023-12-31 | NT$500.49 Million | +3.64% |
| 2022-12-31 | NT$482.90 Million | -19.19% |
| 2021-12-31 | NT$597.59 Million | +131.48% |
| 2020-12-31 | NT$258.16 Million | +127.02% |
| 2019-12-31 | NT$113.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kingray Technology 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 decreased by 21767700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$807.20 Million | 109.18% |
| Other Comprehensive Income | NT$585.00K | 0.08% |
| Other Components | NT$319.30 Million | 43.19% |
| Total Equity | NT$739.35 Million | 100.00% |
Kingray Technology Co., Ltd. Competitors by Market Cap
The table below lists competitors of Kingray Technology Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan Steel Union Co Ltd
TW:6581
|
$51.95 Million |
|
Paramount Communications Limited
NSE:PARACABLES
|
$51.98 Million |
|
QINGCI GAMES INC. -00001
F:Z56
|
$51.99 Million |
|
SMURFIT-STONE CONTAINER Corp
PINK:SSCC
|
$52.00 Million |
|
Entech SE SAS
PA:ALESE
|
$51.95 Million |
|
PT Aviana Sinar Abadi Tbk
JK:IRSX
|
$51.94 Million |
|
Jcontentree Corp
KO:036420
|
$51.93 Million |
|
CLIO Cosmetics Co.Ltd
KQ:237880
|
$51.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kingray Technology Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 501,305,000 to 739,345,000, a change of 238,040,000 (47.5%).
- Net loss of 184,657,000 reduced equity.
- New share issuances of 411,382,000 increased equity.
- Other comprehensive income increased equity by 964,999.
- Other factors increased equity by 10,350,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-184.66 Million | -24.98% |
| Share Issuances | NT$411.38 Million | +55.64% |
| Other Comprehensive Income | NT$965.00K | +0.13% |
| Other Changes | NT$10.35 Million | +1.4% |
| Total Change | NT$- | 47.48% |
Book Value vs Market Value Analysis
This analysis compares Kingray Technology 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: 2.32x
- 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 5.17x to 2.32x 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$4.56 | NT$23.60 | x |
| 2020-12-31 | NT$7.45 | NT$23.60 | x |
| 2021-12-31 | NT$12.16 | NT$23.60 | x |
| 2022-12-31 | NT$8.34 | NT$23.60 | x |
| 2023-12-31 | NT$7.34 | NT$23.60 | x |
| 2024-12-31 | NT$10.18 | NT$23.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kingray Technology Co., Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -24.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -167.42%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.10x
- Recent ROE (-24.98%) is above the historical average (-31.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -57.24% | -792.49% | 0.05x | 1.40x | NT$-76.46 Million |
| 2020 | -32.42% | -431.44% | 0.06x | 1.28x | NT$-109.51 Million |
| 2021 | -19.83% | -606.46% | 0.03x | 1.24x | NT$-178.40 Million |
| 2022 | -24.55% | -254.54% | 0.08x | 1.17x | NT$-166.85 Million |
| 2023 | -32.27% | -227.08% | 0.12x | 1.17x | NT$-211.90 Million |
| 2024 | -24.98% | -167.42% | 0.14x | 1.10x | NT$-258.59 Million |
Industry Comparison
This section compares Kingray Technology Co., Ltd.'s net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,963,876,800
- Average return on equity (ROE) among peers: 4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kingray Technology Co., Ltd. (6787) | NT$719.36 Million | -57.24% | 0.13x | $51.95 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $39.77 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.31 Billion | -10.40% | 0.55x | $285.76 Million |
| Greatek Electronics Inc (2441) | $9.68 Billion | 16.62% | 0.10x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $919.04 Million | 0.00% | 0.65x | $1.13 Billion |
| Pan Jit International Inc (2481) | $7.85 Billion | 5.85% | 1.65x | $824.61 Million |
| Ampoc Far-East Co Ltd (2493) | $2.16 Billion | 18.34% | 0.50x | $265.52 Million |
| Episil-Precision Inc (3016) | $1.06 Billion | 1.57% | 0.14x | $187.04 Million |
| Zenitron Corp (3028) | $4.03 Billion | 10.78% | 1.64x | $312.17 Million |
| ALi Corp (3041) | $3.27 Billion | 0.43% | 0.15x | $98.65 Million |