Ruby Tech (8048) - Net Assets
Based on the latest financial reports, Ruby Tech (8048) has net assets worth NT$1.13 Billion TWD (≈ $35.63 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.43 Billion ≈ $45.04 Million USD) and total liabilities (NT$298.62 Million ≈ $9.41 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 8048 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.13 Billion |
| % of Total Assets | 79.11% |
| Annual Growth Rate | 4.65% |
| 5-Year Change | 15.68% |
| 10-Year Change | N/A |
| Growth Volatility | 7.31 |
Ruby Tech - Net Assets Trend (2017–2024)
This chart illustrates how Ruby Tech's net assets have evolved over time, based on quarterly financial data. Also explore how large is Ruby Tech's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Ruby Tech (2017–2024)
The table below shows the annual net assets of Ruby Tech from 2017 to 2024. For live valuation and market cap data, see 8048 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.15 Billion ≈ $36.22 Million |
-4.73% |
| 2023-12-31 | NT$1.21 Billion ≈ $38.02 Million |
+12.93% |
| 2022-12-31 | NT$1.07 Billion ≈ $33.67 Million |
-4.53% |
| 2021-12-31 | NT$1.12 Billion ≈ $35.27 Million |
+12.63% |
| 2020-12-31 | NT$993.94 Million ≈ $31.31 Million |
+8.47% |
| 2019-12-31 | NT$916.29 Million ≈ $28.87 Million |
+10.04% |
| 2018-12-31 | NT$832.70 Million ≈ $26.23 Million |
-0.47% |
| 2017-12-31 | NT$836.64 Million ≈ $26.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ruby Tech'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 12.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$338.55 Million | 29.44% |
| Other Components | NT$811.22 Million | 70.56% |
| Total Equity | NT$1.15 Billion | 100.00% |
Ruby Tech Competitors by Market Cap
The table below lists competitors of Ruby Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crest Ventures Limited
NSE:CREST
|
$111.87 Million |
|
Chung Lien Transportation Co Ltd
TWO:5604
|
$111.90 Million |
|
SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft
HM:NEP
|
$111.94 Million |
|
Land General Bhd
KLSE:3174
|
$111.97 Million |
|
Powerlong Real Estate Holdings Limited
F:PW5
|
$111.79 Million |
|
Gateway Mining Ltd
AU:GML
|
$111.76 Million |
|
Bombay Super Hybrid Seeds Limited
NSE:BSHSL
|
$111.73 Million |
|
Adocia
PA:ADOC
|
$111.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ruby Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,206,838,000 to 1,149,766,000, a change of -57,072,000 (-4.7%).
- Net income of 136,402,000 contributed positively to equity growth.
- Dividend payments of 168,075,000 reduced retained earnings.
- Other factors decreased equity by 25,399,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$136.40 Million | +11.86% |
| Dividends Paid | NT$168.07 Million | -14.62% |
| Other Changes | NT$-25.40 Million | -2.21% |
| Total Change | NT$- | -4.73% |
Book Value vs Market Value Analysis
This analysis compares Ruby Tech'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: 3.09x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3.94x to 3.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$15.60 | NT$61.50 | x |
| 2018-12-31 | NT$15.52 | NT$61.50 | x |
| 2019-12-31 | NT$17.08 | NT$61.50 | x |
| 2020-12-31 | NT$17.50 | NT$61.50 | x |
| 2021-12-31 | NT$19.73 | NT$61.50 | x |
| 2022-12-31 | NT$18.85 | NT$61.50 | x |
| 2023-12-31 | NT$21.31 | NT$61.50 | x |
| 2024-12-31 | NT$19.92 | NT$61.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ruby Tech 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): 11.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.39%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.21x
- Recent ROE (11.86%) is below the historical average (15.02%), 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 | 14.90% | 11.69% | 0.98x | 1.30x | NT$41.02 Million |
| 2018 | 13.88% | 13.06% | 0.79x | 1.35x | NT$32.34 Million |
| 2019 | 18.25% | 14.93% | 0.92x | 1.33x | NT$75.62 Million |
| 2020 | 14.28% | 18.16% | 0.62x | 1.26x | NT$42.49 Million |
| 2021 | 14.29% | 18.09% | 0.61x | 1.30x | NT$48.07 Million |
| 2022 | 12.37% | 12.19% | 0.78x | 1.31x | NT$25.36 Million |
| 2023 | 20.32% | 13.69% | 1.07x | 1.38x | NT$124.54 Million |
| 2024 | 11.86% | 13.39% | 0.73x | 1.21x | NT$21.43 Million |
Industry Comparison
This section compares Ruby Tech's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,352,778,700
- Average return on equity (ROE) among peers: 4.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ruby Tech (8048) | NT$1.13 Billion | 14.90% | 0.26x | $111.81 Million |
| Microelectronics Technology Inc (2314) | $4.24 Billion | 20.07% | 0.89x | $47.14 Million |
| Tecom Co Ltd (2321) | $549.96 Million | -11.14% | 3.07x | $12.46 Million |
| D-Link Corp (2332) | $13.20 Billion | 0.47% | 0.93x | $260.42 Million |
| Accton Technology Corp (2345) | $7.56 Billion | 8.51% | 0.87x | $40.15 Billion |
| Hitron Technologies Inc (2419) | $1.79 Billion | 3.83% | 1.28x | $306.23 Million |
| Abocom Systems Inc (2444) | $980.48 Million | -1.62% | 1.10x | $42.72 Million |
| Zinwell Corporation (2485) | $7.48 Billion | 11.28% | 0.37x | $587.53 Million |
| Loop Telecommunication International Inc (3025) | $788.88 Million | 1.56% | 0.29x | $107.43 Million |
| Edimax Technology Co Ltd (3047) | $2.36 Billion | 8.03% | 0.91x | $102.61 Million |
| CyberTAN Technology Inc (3062) | $4.58 Billion | 8.00% | 0.51x | $257.39 Million |
About Ruby Tech
Ruby Tech Corporation engages in the research and development, manufacture, and sale of networking products in Taiwan. It offers power over ethernet (PoE), speed, grade, and industrial switches; managed, web-smart, unmanaged, PoE, mode, and industrial converters; and managed NVR PoE solution products. The company also provides ODM network interface card (NIC) products, including Ethernet interfac… Read more