Alpha Microelectronics (8024) - Net Assets
Based on the latest financial reports, Alpha Microelectronics (8024) has net assets worth NT$470.31 Million TWD (≈ $14.82 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$505.45 Million ≈ $15.92 Million USD) and total liabilities (NT$35.14 Million ≈ $1.11 Million USD). 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. Check Alpha Microelectronics liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$470.31 Million |
| % of Total Assets | 93.05% |
| Annual Growth Rate | -3.14% |
| 5-Year Change | -10.35% |
| 10-Year Change | N/A |
| Growth Volatility | 8.99 |
Alpha Microelectronics - Net Assets Trend (2017–2024)
This chart illustrates how Alpha Microelectronics's net assets have evolved over time, based on quarterly financial data. Also explore how large is Alpha Microelectronics's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Alpha Microelectronics (2017–2024)
The table below shows the annual net assets of Alpha Microelectronics from 2017 to 2024. For live valuation and market cap data, see 8024 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$540.78 Million ≈ $17.04 Million |
-7.70% |
| 2023-12-31 | NT$585.88 Million ≈ $18.46 Million |
-18.18% |
| 2022-12-31 | NT$716.11 Million ≈ $22.56 Million |
+6.21% |
| 2021-12-31 | NT$674.23 Million ≈ $21.24 Million |
+11.78% |
| 2020-12-31 | NT$603.20 Million ≈ $19.00 Million |
-4.67% |
| 2019-12-31 | NT$632.74 Million ≈ $19.93 Million |
-5.16% |
| 2018-12-31 | NT$667.18 Million ≈ $21.02 Million |
-1.32% |
| 2017-12-31 | NT$676.11 Million ≈ $21.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Alpha Microelectronics'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 129.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$589.70 Million | 109.05% |
| Total Equity | NT$540.78 Million | 100.00% |
Alpha Microelectronics Competitors by Market Cap
The table below lists competitors of Alpha Microelectronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Defence Therapeutics Inc.
F:DTC
|
$18.07 Million |
|
Polylite Taiwan Co Ltd
TWO:1813
|
$18.07 Million |
|
Bukit Jalil Global Acquisition 1 Ltd. Ordinary Shares
NASDAQ:BUJA
|
$18.09 Million |
|
Conifer Holding Inc
NASDAQ:CNFR
|
$18.09 Million |
|
Rodrigo Tekstil Sanayi ve Ticaret AS
IS:RODRG
|
$18.06 Million |
|
JERICHO OIL
F:JLM
|
$18.02 Million |
|
Lion Forest Industries Bhd
KLSE:8486
|
$18.02 Million |
|
LL Lucky Games publ AB
ST:LADYLU
|
$18.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alpha Microelectronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 585,884,000 to 540,776,000, a change of -45,108,000 (-7.7%).
- Net loss of 51,995,000 reduced equity.
- Other factors increased equity by 6,887,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-51.99 Million | -9.61% |
| Other Changes | NT$6.89 Million | +1.27% |
| Total Change | NT$- | -7.70% |
Book Value vs Market Value Analysis
This analysis compares Alpha Microelectronics'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 0.85x 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 |
|---|---|---|---|
| 2017-12-31 | NT$14.97 | NT$12.70 | x |
| 2018-12-31 | NT$14.77 | NT$12.70 | x |
| 2019-12-31 | NT$14.01 | NT$12.70 | x |
| 2020-12-31 | NT$13.36 | NT$12.70 | x |
| 2021-12-31 | NT$14.77 | NT$12.70 | x |
| 2022-12-31 | NT$15.50 | NT$12.70 | x |
| 2023-12-31 | NT$12.97 | NT$12.70 | x |
| 2024-12-31 | NT$11.97 | NT$12.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alpha Microelectronics utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.21%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.08x
- Recent ROE (-9.61%) is below the historical average (0.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.71% | 0.82% | 0.73x | 1.17x | NT$-62.83 Million |
| 2018 | 0.94% | 1.08% | 0.76x | 1.15x | NT$-60.46 Million |
| 2019 | -2.98% | -3.48% | 0.76x | 1.13x | NT$-82.13 Million |
| 2020 | -6.32% | -8.72% | 0.65x | 1.11x | NT$-98.47 Million |
| 2021 | 11.23% | 14.12% | 0.69x | 1.15x | NT$8.32 Million |
| 2022 | 13.85% | 22.21% | 0.55x | 1.14x | NT$27.56 Million |
| 2023 | -6.64% | -16.26% | 0.37x | 1.09x | NT$-97.46 Million |
| 2024 | -9.61% | -23.21% | 0.38x | 1.08x | NT$-106.07 Million |
Industry Comparison
This section compares Alpha Microelectronics's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $202,930,058,900
- Average return on equity (ROE) among peers: 7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alpha Microelectronics (8024) | NT$470.31 Million | 0.71% | 0.07x | $18.07 Million |
| Polylite Taiwan Co Ltd (1813) | $883.80 Million | -0.02% | 0.44x | $18.07 Million |
| United Microelectronics Corporation (2303) | $281.20 Billion | 18.22% | 0.65x | $30.66 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.14 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $1.61 Trillion | 21.92% | 0.40x | $1.74 Trillion |
| Macronix International Co Ltd (2337) | $24.66 Billion | 22.38% | 0.79x | $8.99 Billion |
| Optotech Corp (2340) | $7.08 Billion | 9.72% | 0.77x | $524.91 Million |
| Mosel Vitelic Inc (2342) | $6.57 Billion | -10.87% | 0.51x | $166.75 Million |
| Winbond Electronics Corp (2344) | $60.28 Billion | 5.50% | 0.10x | $12.73 Billion |
| Silicon Integrated Systems Corp (2363) | $7.70 Billion | -2.92% | 0.01x | $843.70 Million |
| Realtek Semiconductor Corp (2379) | $22.11 Billion | 17.61% | 0.86x | $8.72 Billion |
About Alpha Microelectronics
Alpha Microelectronics Corporation engages in the research, design, development, application, and marketing of integrated circuits (ICs). The company's products portfolio comprises speech ICs, multi-channel voice ICs, general-purpose MCUs, LCD MCUs, 32-bit MCUs, and recording ICs, as well as hardware and software tools; and accessory ICs, including motor drivers, audio amplifiers, ADC and microph… Read more