TrueLight
TrueLight Corporation designs, develops, and supplies optical communication components in China, Taiwan, Asia, the United States, and Europe. The company offers optical fiber communication, 4G/5G mobile communication base station interconnection, cloud data center, and 3D sensing/near-field sensing/flood illumination products. It also provides vertical cavity surface emitting lasers, edge lasers,… Read more
TrueLight (3234) - Total Assets
Latest total assets as of September 2025: NT$1.07 Billion TWD
Based on the latest financial reports, TrueLight (3234) holds total assets worth NT$1.07 Billion TWD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
TrueLight - Total Assets Trend (2017–2024)
This chart illustrates how TrueLight’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
TrueLight - Asset Composition Analysis
Current Asset Composition (December 2024)
TrueLight's total assets of NT$1.07 Billion consist of 52.0% current assets and 48.0% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 25.6% |
| Accounts Receivable | NT$88.77 Million | 7.2% |
| Inventory | NT$229.22 Million | 18.5% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$0.00 | 0.0% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how TrueLight's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: TrueLight's current assets represent 52.0% of total assets in 2024, an increase from 44.5% in 2017.
- Cash Position: Cash and equivalents constituted 25.6% of total assets in 2024, up from 12.1% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is inventory at 18.5% of total assets.
TrueLight Competitors by Total Assets
Key competitors of TrueLight based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
SK Hynix Inc
KO:000660
|
Korea | ₩148.44 Trillion |
|
UniTTEC Co Ltd
SHE:000925
|
China | CN¥9.25 Billion |
|
DB HiTek Co Ltd
KO:000990
|
Korea | ₩2.86 Trillion |
|
Zhejiang Chengchang Technology Co. Ltd.
SHE:001270
|
China | CN¥1.53 Billion |
|
Shenzhen Techwinsemi Technology Co. Ltd.
SHE:001309
|
China | CN¥10.85 Billion |
|
Unigroup Guoxin Microelectronics Co Ltd
SHE:002049
|
China | CN¥18.25 Billion |
|
Sinosteel Anhui Tianyuan Technology Co Ltd
SHE:002057
|
China | CN¥5.32 Billion |
|
Suzhou Good-Ark Electronics Co Ltd
SHE:002079
|
China | CN¥3.86 Billion |
TrueLight - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - TrueLight generates 0.46x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - TrueLight is currently not profitable relative to its asset base.
TrueLight - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.94 | 3.57 | 0.89 |
| Quick Ratio | 2.59 | 2.39 | 0.42 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$386.55 Million | NT$ 538.41 Million | NT$ -110.92 Million |
TrueLight - Advanced Valuation Insights
This section examines the relationship between TrueLight's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 10.75 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | -5.1% |
| Total Assets | NT$1.24 Billion |
| Market Capitalization | $130.22 Million USD |
Valuation Analysis
Below Book Valuation: The market values TrueLight's assets below their book value (0.11 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: TrueLight's assets decreased by 5.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TrueLight (2017–2024)
The table below shows the annual total assets of TrueLight from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.24 Billion | -5.12% |
| 2023-12-31 | NT$1.30 Billion | -20.57% |
| 2022-12-31 | NT$1.64 Billion | -7.83% |
| 2021-12-31 | NT$1.78 Billion | -15.46% |
| 2020-12-31 | NT$2.11 Billion | -10.81% |
| 2019-12-31 | NT$2.36 Billion | -19.81% |
| 2018-12-31 | NT$2.95 Billion | -11.70% |
| 2017-12-31 | NT$3.34 Billion | -- |