Advanced International Multitech Co Ltd (8938) - Net Assets
Based on the latest financial reports, Advanced International Multitech Co Ltd (8938) has net assets worth NT$7.48 Billion TWD (≈ $235.52 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$13.86 Billion ≈ $436.77 Million USD) and total liabilities (NT$6.39 Billion ≈ $201.24 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 8938 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.48 Billion |
| % of Total Assets | 53.92% |
| Annual Growth Rate | 4.89% |
| 5-Year Change | 55.44% |
| 10-Year Change | 113.83% |
| Growth Volatility | 11.65 |
Advanced International Multitech Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Advanced International Multitech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 8938 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Advanced International Multitech Co Ltd (2009–2024)
The table below shows the annual net assets of Advanced International Multitech Co Ltd from 2009 to 2024. For live valuation and market cap data, see market cap of Advanced International Multitech Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.57 Billion ≈ $238.43 Million |
+16.04% |
| 2023-12-31 | NT$6.52 Billion ≈ $205.47 Million |
-15.71% |
| 2022-12-31 | NT$7.74 Billion ≈ $243.76 Million |
+36.88% |
| 2021-12-31 | NT$5.65 Billion ≈ $178.08 Million |
+16.09% |
| 2020-12-31 | NT$4.87 Billion ≈ $153.40 Million |
+8.03% |
| 2019-12-31 | NT$4.51 Billion ≈ $141.99 Million |
+6.98% |
| 2018-12-31 | NT$4.21 Billion ≈ $132.74 Million |
+5.66% |
| 2017-12-31 | NT$3.99 Billion ≈ $125.62 Million |
+7.06% |
| 2016-12-31 | NT$3.72 Billion ≈ $117.34 Million |
+5.23% |
| 2015-12-31 | NT$3.54 Billion ≈ $111.51 Million |
-0.70% |
| 2014-12-31 | NT$3.56 Billion ≈ $112.30 Million |
-0.29% |
| 2013-12-31 | NT$3.57 Billion ≈ $112.63 Million |
-8.23% |
| 2012-12-31 | NT$3.90 Billion ≈ $122.73 Million |
+6.11% |
| 2011-12-31 | NT$3.67 Billion ≈ $115.66 Million |
-4.70% |
| 2010-12-31 | NT$3.85 Billion ≈ $121.36 Million |
+4.22% |
| 2009-12-31 | NT$3.70 Billion ≈ $116.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Advanced International Multitech 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 grown by 125.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.74 Billion | 36.20% |
| Other Components | NT$4.83 Billion | 63.80% |
| Total Equity | NT$7.57 Billion | 100.00% |
Advanced International Multitech Co Ltd Competitors by Market Cap
The table below lists competitors of Advanced International Multitech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Meeka Metals Ltd
AU:MEK
|
$281.39 Million |
|
Asia Polymer Corp
TW:1308
|
$281.53 Million |
|
Qudian Inc
NYSE:QD
|
$281.53 Million |
|
Legato Merger Corp. III
NYSE MKT:LEGT
|
$281.73 Million |
|
Thoresen Thai Agencies Public Company Limited
BK:TTA
|
$281.32 Million |
|
AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust
BK:AIMIRT
|
$281.24 Million |
|
Oncoclinicas do Brasil
SA:ONCO3
|
$281.00 Million |
|
Apeejay Surrendra Park Hotels Limited
NSE:PARKHOTELS
|
$280.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advanced International Multitech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,187,404,000 to 7,567,989,000, a change of 1,380,585,000 (22.3%).
- Net income of 1,042,666,000 contributed positively to equity growth.
- Dividend payments of 220,114,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,329,553,000.
- Other factors increased equity by 1,887,586,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.04 Billion | +13.78% |
| Dividends Paid | NT$220.11 Million | -2.91% |
| Other Comprehensive Income | NT$-1.33 Billion | -17.57% |
| Other Changes | NT$1.89 Billion | +24.94% |
| Total Change | NT$- | 22.31% |
Book Value vs Market Value Analysis
This analysis compares Advanced International Multitech 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: 1.16x
- 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 2.23x to 1.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$26.36 | NT$58.90 | x |
| 2010-12-31 | NT$26.76 | NT$58.90 | x |
| 2011-12-31 | NT$25.73 | NT$58.90 | x |
| 2012-12-31 | NT$27.49 | NT$58.90 | x |
| 2013-12-31 | NT$25.07 | NT$58.90 | x |
| 2014-12-31 | NT$24.37 | NT$58.90 | x |
| 2015-12-31 | NT$23.83 | NT$58.90 | x |
| 2016-12-31 | NT$25.00 | NT$58.90 | x |
| 2017-12-31 | NT$26.97 | NT$58.90 | x |
| 2018-12-31 | NT$28.14 | NT$58.90 | x |
| 2019-12-31 | NT$30.05 | NT$58.90 | x |
| 2020-12-31 | NT$32.61 | NT$58.90 | x |
| 2021-12-31 | NT$37.96 | NT$58.90 | x |
| 2022-12-31 | NT$50.46 | NT$58.90 | x |
| 2023-12-31 | NT$44.99 | NT$58.90 | x |
| 2024-12-31 | NT$50.66 | NT$58.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advanced International Multitech 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): 13.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.35%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.98x
- Recent ROE (13.78%) is above the historical average (11.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 18.19% | 7.59% | 1.23x | 1.95x | NT$292.83 Million |
| 2010 | 13.05% | 3.97% | 1.68x | 1.96x | NT$110.80 Million |
| 2011 | 4.44% | 1.47% | 1.39x | 2.18x | NT$-194.55 Million |
| 2012 | 11.61% | 3.52% | 1.51x | 2.19x | NT$59.81 Million |
| 2013 | -3.80% | -1.12% | 1.50x | 2.27x | NT$-464.84 Million |
| 2014 | -2.37% | -0.81% | 1.47x | 1.97x | NT$-405.02 Million |
| 2015 | 0.20% | 0.07% | 1.48x | 1.85x | NT$-313.47 Million |
| 2016 | 10.28% | 3.86% | 1.43x | 1.86x | NT$9.42 Million |
| 2017 | 12.13% | 4.34% | 1.54x | 1.82x | NT$77.79 Million |
| 2018 | 14.78% | 5.12% | 1.46x | 1.98x | NT$184.07 Million |
| 2019 | 15.01% | 5.24% | 1.42x | 2.02x | NT$205.41 Million |
| 2020 | 15.26% | 5.64% | 1.12x | 2.42x | NT$234.67 Million |
| 2021 | 26.13% | 7.97% | 1.30x | 2.53x | NT$831.71 Million |
| 2022 | 32.03% | 10.46% | 1.27x | 2.40x | NT$1.54 Billion |
| 2023 | 1.11% | 0.48% | 1.06x | 2.17x | NT$-549.77 Million |
| 2024 | 13.78% | 7.35% | 0.95x | 1.98x | NT$285.87 Million |
Industry Comparison
This section compares Advanced International Multitech Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,716,491,800
- Average return on equity (ROE) among peers: 5.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advanced International Multitech Co Ltd (8938) | NT$7.48 Billion | 18.19% | 0.85x | $281.38 Million |
| Trk Corp (1432) | $799.85 Million | 0.00% | 4.58x | $57.33 Million |
| Rexon Industrial Corp Ltd (1515) | $2.96 Billion | 0.00% | 1.40x | $125.21 Million |
| Sun Race Sturmey-Archer Inc (1526) | $602.98 Million | 12.05% | 1.17x | $30.91 Million |
| Chi Hua Fitness Co Ltd (1593) | $794.85 Million | 12.58% | 0.28x | $39.23 Million |
| Dyaco International Inc (1598) | $4.95 Billion | 1.45% | 1.25x | $108.99 Million |
| Johnson Health Tech Co Ltd (1736) | $2.41 Billion | 31.37% | 1.31x | $1.17 Billion |
| Topkey Corp (4536) | $5.99 Billion | 13.88% | 0.88x | $427.77 Million |
| Brogent Technologies (5263) | $2.81 Billion | 9.47% | 0.24x | $207.84 Million |
| Janfusun Fancyworld (5701) | $764.15 Million | -25.17% | 3.07x | $15.36 Million |
| Fusheng Precision Co Ltd (6670) | $5.08 Billion | 0.00% | 1.45x | $1.10 Billion |
About Advanced International Multitech Co Ltd
Advanced International Multitech Co., Ltd. engages in the manufacture and sale of golf equipment, golf ball, composites, and bicycle parts in the Americas, Asia, and internationally. It offers golf products, including metal woods, irons/wedges, putters, graphite shafts, and club assemblies; carbon fiber bicycle components, such as frames, forks, and parts; thermoset and thermoplastic composites; … Read more