ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2024
ASE Technology Holding (NYSE: ASX) reported its Q4 2024 and full-year 2024 financial results. Q4 net revenues reached NT$162,264 million, up 1.0% YoY and 1.3% QoQ. Net income was NT$9,312 million, down from NT$9,392 million in Q4 2023 and NT$9,733 million in Q3 2024.
For full-year 2024, net revenues were NT$595,410 million, increasing 2.3% from 2023. Net income rose to NT$32,483 million from NT$31,725 million in 2023. The company's operations are divided between ATM (Assembly, Testing, and Materials) and EMS (Electronic Manufacturing Services), contributing 53% and 46% of revenues respectively.
Gross margin slightly decreased to 16.4% in Q4 from 16.5% in Q3 2024. Operating margin declined to 6.9% from 7.2% in Q3. The company maintained a current ratio of 1.19 and a net debt to equity ratio of 0.37 as of December 31, 2024.
ASE Technology Holding (NYSE: ASX) ha riportato i risultati finanziari per il quarto trimestre 2024 e per l'intero anno 2024. I ricavi netti del quarto trimestre hanno raggiunto NT$162.264 milioni, con un aumento dell'1,0% rispetto all'anno precedente e dell'1,3% rispetto al trimestre precedente. L'utile netto è stato di NT$9.312 milioni, in calo rispetto ai NT$9.392 milioni del quarto trimestre 2023 e ai NT$9.733 milioni del terzo trimestre 2024.
Per l'intero anno 2024, i ricavi netti sono stati di NT$595.410 milioni, con un incremento del 2,3% rispetto al 2023. L'utile netto è aumentato a NT$32.483 milioni, rispetto ai NT$31.725 milioni del 2023. Le operazioni dell'azienda sono suddivise tra ATM (Assemblaggio, Test e Materiali) ed EMS (Servizi di Manifattura Elettronica), contribuendo rispettivamente al 53% e al 46% dei ricavi.
Il margine lordo è leggermente diminuito al 16,4% nel quarto trimestre, rispetto al 16,5% del terzo trimestre 2024. Il margine operativo è sceso al 6,9% dal 7,2% del terzo trimestre. L'azienda ha mantenuto un rapporto corrente di 1,19 e un rapporto di indebitamento netto su patrimonio netto di 0,37 al 31 dicembre 2024.
ASE Technology Holding (NYSE: ASX) reportó sus resultados financieros del cuarto trimestre de 2024 y del año completo 2024. Los ingresos netos del cuarto trimestre alcanzaron NT$162,264 millones, un aumento del 1.0% interanual y del 1.3% trimestral. La utilidad neta fue de NT$9,312 millones, en comparación con NT$9,392 millones en el cuarto trimestre de 2023 y NT$9,733 millones en el tercer trimestre de 2024.
Para el año completo 2024, los ingresos netos fueron de NT$595,410 millones, aumentando un 2.3% respecto a 2023. La utilidad neta creció a NT$32,483 millones desde NT$31,725 millones en 2023. Las operaciones de la compañía se dividen entre ATM (Ensamblaje, Pruebas y Materiales) y EMS (Servicios de Fabricación Electrónica), contribuyendo con el 53% y el 46% de los ingresos, respectivamente.
El margen bruto disminuyó ligeramente al 16.4% en el cuarto trimestre desde el 16.5% en el tercer trimestre de 2024. El margen operativo cayó al 6.9% desde el 7.2% en el tercer trimestre. La compañía mantuvo un ratio corriente de 1.19 y un ratio de deuda neta a capital de 0.37 al 31 de diciembre de 2024.
ASE Technology Holding (NYSE: ASX)는 2024년 4분기 및 전체 연도 2024년 재무 결과를 발표했습니다. 4분기 순매출은 NT$162,264백만에 도달했으며, 전년 대비 1.0% 증가하고 전 분기 대비 1.3% 증가했습니다. 순이익은 NT$9,312백만으로, 2023년 4분기의 NT$9,392백만 및 2024년 3분기의 NT$9,733백만에서 감소했습니다.
2024년 전체 연도 순매출은 NT$595,410백만으로 2023년 대비 2.3% 증가했습니다. 순이익은 2023년 NT$31,725백만에서 NT$32,483백만으로 증가했습니다. 회사의 운영은 ATM(조립, 테스트 및 재료)과 EMS(전자 제조 서비스)로 나뉘며, 각각 53% 및 46%의 수익을 기여하고 있습니다.
2024년 4분기 총 마진은 3분기 16.5%에서 16.4%로 약간 감소했습니다. 운영 마진은 3분기 7.2%에서 6.9%로 줄어들었습니다. 회사는 2024년 12월 31일 기준으로 1.19의 유동비율과 0.37의 순부채 대비 자본 비율을 유지했습니다.
ASE Technology Holding (NYSE: ASX) a publié ses résultats financiers pour le quatrième trimestre 2024 et pour l'année complète 2024. Les revenus nets du quatrième trimestre ont atteint NT$162,264 millions, en hausse de 1,0 % par rapport à l'année précédente et de 1,3 % par rapport au trimestre précédent. Le revenu net s'est établi à NT$9,312 millions, en baisse par rapport à NT$9,392 millions au quatrième trimestre 2023 et NT$9,733 millions au troisième trimestre 2024.
Pour l'année complète 2024, les revenus nets se sont élevés à NT$595,410 millions, enregistrant une augmentation de 2,3 % par rapport à 2023. Le revenu net a augmenté à NT$32,483 millions, contre NT$31,725 millions en 2023. Les opérations de l'entreprise sont divisées entre ATM (Assemblage, Tests et Matériaux) et EMS (Services de Fabrication Électronique), contribuant respectivement à 53 % et 46 % des revenus.
La marge brute a légèrement diminué à 16,4 % au quatrième trimestre, contre 16,5 % au troisième trimestre 2024. La marge opérationnelle a chuté à 6,9 % contre 7,2 % au troisième trimestre. L'entreprise a maintenu un ratio courant de 1,19 et un ratio d'endettement net par rapport aux capitaux propres de 0,37 au 31 décembre 2024.
ASE Technology Holding (NYSE: ASX) hat die Finanzzahlen für das vierte Quartal 2024 und das gesamte Jahr 2024 veröffentlicht. Die Nettoumsätze im vierten Quartal erreichten NT$162.264 Millionen, was einem Anstieg von 1,0% im Jahresvergleich und 1,3% im Quartalsvergleich entspricht. Der Nettogewinn betrug NT$9.312 Millionen, ein Rückgang von NT$9.392 Millionen im vierten Quartal 2023 und NT$9.733 Millionen im dritten Quartal 2024.
Für das gesamte Jahr 2024 lagen die Nettoumsätze bei NT$595.410 Millionen, was einem Anstieg von 2,3% gegenüber 2023 entspricht. Der Nettogewinn stieg auf NT$32.483 Millionen, gegenüber NT$31.725 Millionen im Jahr 2023. Die Geschäftstätigkeiten des Unternehmens sind in ATM (Montage, Test und Materialien) und EMS (Elektronikfertigungsdienste) unterteilt, die jeweils 53% und 46% der Einnahmen ausmachen.
Die Bruttomarge fiel im vierten Quartal leicht auf 16,4% von 16,5% im dritten Quartal 2024. Die operative Marge sank auf 6,9% von 7,2% im dritten Quartal. Das Unternehmen hielt zum 31. Dezember 2024 ein aktuelles Verhältnis von 1,19 und ein Verhältnis von Nettoverbindlichkeiten zu Eigenkapital von 0,37.
- Net revenues increased 2.3% year-over-year to NT$595,410 million for full-year 2024
- Full-year net income improved to NT$32,483 million from NT$31,725 million in 2023
- ATM segment gross margin increased to 22.5% in 2024 from 21.8% in 2023
- EMS segment gross margin improved to 9.0% in 2024 from 8.7% in 2023
- Q4 net income declined to NT$9,312 million from NT$9,733 million in Q3 2024
- Operating margin decreased to 6.6% in 2024 from 6.9% in 2023
- EMS operating margin declined to 2.9% in 2024 from 3.3% in 2023
- Q4 gross margin decreased to 16.4% from 16.5% in Q3 2024
Insights
A detailed examination of ASE's Q4 2024 results reveals both strengths and challenges in its core business segments. The ATM division demonstrated robust performance with
The company's strategic focus on high-value packaging technologies is evident in its capital allocation, with
However, the EMS segment faced headwinds with revenues declining
The company's financial health remains solid with a current ratio of 1.19 and manageable net debt to equity of 0.37. The
For the full year of 2024, the Company reported unaudited net revenues of
As of December 31, 2024, we have completed the purchase price allocation of business combination, and have retrospectively adjusted the consolidated financial results for the prior period.
RESULTS OF OPERATIONS
4Q24 Results Highlights – Consolidated
- Net revenues from packaging operations, testing operations, EMS operations, and others represented approximately
43% ,10% ,46% , and1% of the total net revenues for the quarter, respectively. - Cost of revenues was
NT for the quarter, up from$135,633 million NT in 3Q24.$133,679 million - Raw material cost totaled
NT for the quarter, representing$84,434 million 52% of the total net revenues. - Labor cost totaled
NT for the quarter, representing$16,749 million 10% of the total net revenues. - Depreciation, amortization and rental expenses totaled
NT for the quarter.$13,961 million
- Raw material cost totaled
- Gross margin decreased by 0.1 percentage points to
16.4% in 4Q24 from16.5% in 3Q24. - Operating margin was
6.9% in 4Q24, compared to7.2% in 3Q24. - In terms of non-operating items:
- Net interest expense was NT
$1,308 million . - Net foreign exchange loss was
NT , primarily attributable to the appreciation of the$2,787 million U.S. dollar against the New Taiwan dollar. - Net gain on valuation of financial assets and liabilities was
NT .$4,017 million - Net loss on equity-method investments was
NT .$133 million - Other net non-operating income was
NT , primarily attributable to miscellaneous income.$441 million
Total non-operating income and expenses for the quarter was NT$230 million .
- Net interest expense was NT
- Income before tax was
NT in 4Q24, compared to$11,441 million NT in 3Q24. We recorded income tax expenses of$12,325 million NT for the quarter, compared to$1,862 million NT in 3Q24.$2,052 million - Net income attributable to shareholders of the parent was
NT in 4Q24, compared to$9,312 million NT in 4Q23 and$9,392 million NT in 3Q24.$9,733 million - Our total number of shares outstanding at the end of the quarter was 4,414,930,537, including treasury stock owned by our subsidiaries in 4Q24. Our 4Q24 basic earnings per share of
NT (or$2.15 US per ADS) were based on 4,324,469,567 weighted average numbers of shares outstanding in 4Q24. Our 4Q24 diluted earnings per share of$0.13 4NT (or$2.07 US per ADS) were based on 4,399,408,735 weighted average number of shares outstanding in 4Q24.$0.12 9
4Q24 Results Highlights – ATM
- Net revenues were
NT for the quarter, up by$88,363 million 7.8% year-over-year and up by3.0% sequentially. - Cost of revenues was
NT for the quarter, up by$67,754 million 7.9% year-over-year and up by2.7% sequentially.- Raw material cost totaled
NT for the quarter, representing$24,774 million 28% of the total net revenues. - Labor cost totaled
NT for the quarter, representing$13,661 million 15% of the total net revenues. - Depreciation, amortization and rental expenses totaled
NT for the quarter.$12,508 million
- Raw material cost totaled
- Gross margin increased by 0.2 percentage points to
23.3% in 4Q24 from23.1% in 3Q24. - Operating margin was
10.7% in both 4Q24 and 3Q24.
4Q24 Results Highlights – EMS
- Net revenues were
NT , down by$74,895 million 5.4% year-over-year and down by0.6% sequentially. - Cost of revenues for the quarter was
NT , down by$68,713 million 5.2% year-over-year and up by0.1% sequentially.- Raw material cost totaled
NT for the quarter, representing$60,178 million 80% of the total net revenues. - Labor cost totaled NT
$2,980 million for the quarter, representing4% of the total net revenues. - Depreciation, amortization and rental expenses totaled
NT for the quarter.$1,191 million
- Raw material cost totaled
- Gross margin decreased by 0.7 percentage points to
8.3% in 4Q24 from9.0% in 3Q24. - Operating margin was
2.7% in 4Q24, compared to3.3% in 3Q24.
2024 Full-Year Results Highlights – Consolidated
- Net revenues for the full year of 2024 amounted to
NT , up by$595,410 million 2.3% from the full year of 2023. Net revenues from packaging operations, testing operations, EMS operations and others represented approximately44% ,9% ,46% and1% of total net revenues for the year, respectively. - Cost of revenue for the year of 2024 was
NT , compared to$498,478 million NT in 2023.$490,157 million - Raw material cost totaled
NT for the year, representing$306,359 million 51% of total net revenues. - Labor cost totaled
NT for the year, representing$64,268 million 11% of total net revenues. - Depreciation, amortization and rental expenses totaled
NT for the year.$54,254 million
- Raw material cost totaled
- Gross margin increased by 0.5 percentage points to
16.3% in 2024 from15.8% in 2023. - Operating margin decreased to
6.6% in 2024 from6.9% in 2023. - Total non-operating income for the year was
NT , compared to$2,517 million NT in 2023.$2,272 million - Income before tax was
NT in 2024. We recognized an income tax expense of$41,684 million NT for the year.$7,758 million - Net income attributable to shareholders of the parent amounted to
NT in 2024, compared to$32,483 million NT in 2023.$31,725 million - Our 2024 basic earnings per share of
NT (or$7.52 US per ADS) were based on 4,318,991,036 weighted average numbers of shares outstanding in 2024. Our 2024 diluted earnings per share of$0.47 0NT (or$7.23 US per ADS) were based on 4,392,013,361 weighted average number of shares outstanding in 2024.$0.45 2
2024 Full-Year Results Highlights – ATM
- Cost of revenues for the full year of 2024 was
NT , compared to$252,712 million NT in 2023.$246,397 million - Raw material cost totaled
NT for the year, representing$90,307 million 28% of total net revenues. - Labor cost totaled
NT for the year, representing$51,652 million 16% of total net revenues. - Depreciation, amortization and rental expenses totaled
NT for the year.$48,392 million
- Raw material cost totaled
- Gross margin increased to
22.5% in 2024 from21.8% in 2023. - Operating margin decreased to
9.8% in 2024 from10.1% in 2023.
2024 Full-Year Results Highlights – EMS
- Cost of revenues was
NT in 2024, up by$248,135 million 1.3% from 2023.- Raw material cost totaled
NT for the year, representing$216,864 million 80% of total net revenues. - Labor cost totaled
NT for the year, representing$12,161 million 4% of total net revenues. - Depreciation, amortization and rental expenses totaled
NT for the year.$4,808 million
- Raw material cost totaled
- Gross margin increased to
9.0% in 2024 from8.7% in 2023. - Operating margin decreased to
2.9% in 2024 from3.3% in 2023.
LIQUIdiTY AND CAPITAL RESOURCES
- Capital expenditures in 4Q24 totaled
US , of which$640 million US was used in packaging operations,$321 million US in testing operations,$290 million US in EMS operations and$24 million US in interconnect materials operations and others.$5 million - Capital expenditures in 2024 totaled
US , of which$1,876 million US was used in packaging operations,$957 million US in testing operations,$815 million US in EMS operations and$89 million US in interconnect materials operations and others.$15 million - Total unused credit lines amounted to
NT as of December 31, 2024.$375,734 million - Current ratio was 1.19 and net debt to equity ratio was 0.37 as of December 31, 2024.
- Total number of employees was 95,492 as of December 31, 2024, compared to 94,456 as of September 30, 2024.
Business Review
Customers[2]
ATM Basis
- Our five largest customers together accounted for approximately
44% of our total net revenues in 4Q24, compared to42% in 3Q24. Two customers each accounted for more than10% of our total net revenues in 4Q24 individually. - Our top 10 customers contributed
60% of our total net revenues in 4Q24, compared to58% in 3Q24. - Our customers that are integrated device manufacturers or IDMs accounted for
32% of our total net revenues in 4Q24, compared to34% in 3Q24.
EMS Basis
- Our five largest customers together accounted for approximately
72% of our total net revenues in 4Q24, compared to71% in 3Q24. One customer accounted for more than10% of our total net revenues in 4Q24. - Our top 10 customers contributed
78% of our total net revenues in 4Q24, compared to77% in 3Q24.
About ASE Technology Holding Co., Ltd.
ASEH is the leading provider of semiconductor manufacturing services in assembly and test. The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs. With advanced technological capabilities and a global presence spanning
For more information, please visit our website at https://www.aseglobal.com.
Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are made under the "safe harbor" provisions of the
Supplemental Financial Information
(Unaudited)
Consolidated Operations
4Q24 | 3Q24 | 4Q23 | |
EBITDA[3] (NT$ million) | 28,797 | 28,692 | 28,606 |
ATM Operations
4Q24 | 3Q24 | 4Q23 | |
Net Revenues (NT$ million) | 88,363 | 85,790 | 82,004 |
Revenues by Application | |||
Communication | 53 % | 50 % | 53 % |
Computing | 17 % | 18 % | 17 % |
Automotive, Consumer & Others | 30 % | 32 % | 30 % |
Revenues by Type | |||
Bumping, Flip Chip, WLP & SiP | 47 % | 45 % | 44 % |
Wirebonding | 27 % | 29 % | 30 % |
Others | 7 % | 8 % | 8 % |
Testing | 18 % | 16 % | 16 % |
Material | 1 % | 2 % | 2 % |
Capacity & EBITDA | |||
CapEx[4] (US$ million) | 616 | 588 | 213 |
EBITDA[3] (NT$ million) | 24,845 | 24,257 | 23,787 |
Number of Wirebonders | 25,328 | 25,373 | 25,860 |
Number of Testers | 6,300 | 5,966 | 5,556 |
EMS Operations
4Q24 | 3Q24 | 4Q23 | |
Net Revenues (NT$ million) | 74,895 | 75,384 | 79,182 |
Revenues by Application | |||
Communication | 37 % | 34 % | 40 % |
Computing | 9 % | 9 % | 11 % |
Consumer | 33 % | 36 % | 28 % |
Industrial | 11 % | 11 % | 11 % |
Automotive | 8 % | 9 % | 8 % |
Others | 2 % | 1 % | 2 % |
Capacity | |||
CapEx[4] (US$ million) | 24 | 14 | 21 |
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million, except per share data)
(Unaudited)
For the three months ended | For the year ended | |||||||||
Dec. 31 2024 | Sep. 30 2024 | Dec. 31 2023 | Dec. 31 2024 | Dec. 31 2023 | ||||||
Net revenues | ||||||||||
Packaging | 70,285 | 69,154 | 66,221 | 261,732 | 256,805 | |||||
Testing | 15,713 | 14,124 | 13,363 | 54,562 | 49,881 | |||||
EMS | 74,243 | 74,871 | 79,155 | 271,293 | 268,218 | |||||
Others | 2,023 | 1,956 | 1,842 | 7,823 | 7,010 | |||||
Total net revenues | 162,264 | 160,105 | 160,581 | 595,410 | 581,914 | |||||
Cost of revenues | (135,633) | (133,679) | (134,820) | (498,478) | (490,157) | |||||
Gross profit | 26,631 | 26,426 | 25,761 | 96,932 | 91,757 | |||||
Operating expenses | ||||||||||
Research and development | (7,676) | (7,439) | (6,950) | (28,830) | (25,499) | |||||
Selling, general and administrative | (7,744) | (7,517) | (6,996) | (28,935) | (25,930) | |||||
Total operating expenses | (15,420) | (14,956) | (13,946) | (57,765) | (51,429) | |||||
Operating income | 11,211 | 11,470 | 11,815 | 39,167 | 40,328 | |||||
Net non-operating income and expenses | ||||||||||
Interest expense - net | (1,308) | (1,291) | (1,302) | (4,864) | (4,726) | |||||
Foreign exchange gain (loss) - net | (2,787) | 1,887 | 3,731 | (5,539) | 998 | |||||
Gain (Loss) on valuation of financial assets and liabilities - net | 4,017 | (946) | (2,977) | 9,833 | 1,860 | |||||
Gain (Loss) on equity-method investments - net | (133) | 485 | 155 | 868 | 1,125 | |||||
Others - net | 441 | 720 | 945 | 2,219 | 3,015 | |||||
Total non-operating income and expenses | 230 | 855 | 552 | 2,517 | 2,272 | |||||
Income before tax | 11,441 | 12,325 | 12,367 | 41,684 | 42,600 | |||||
Income tax expense | (1,862) | (2,052) | (2,461) | (7,758) | (9,043) | |||||
Income from operations and before non-controlling interests | 9,579 | 10,273 | 9,906 | 33,926 | 33,557 | |||||
Non-controlling interests | (267) | (540) | (514) | (1,443) | (1,832) | |||||
Net income attributable to shareholders of the parent | 9,312 | 9,733 | 9,392 | 32,483 | 31,725 | |||||
Per share data: | ||||||||||
Earnings per share | ||||||||||
– Basic | ||||||||||
– Diluted | ||||||||||
Earnings per equivalent ADS | ||||||||||
– Basic | ||||||||||
– Diluted | ||||||||||
Number of weighted average shares used in diluted EPS calculation ( in thousand shares) | 4,399,409 | 4,391,465 | 4,351,271 | 4,392,013 | 4,347,671 | |||||
FX (NTD/USD) | 32.16 | 32.31 | 31.92 | 32.00 | 31.09 |
ASE Technology Holding Co., Ltd.
Summary of ATM Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended | For the year ended | |||||||||
Dec. 31 2024 | Sep. 30 2024 | Dec. 31 2023 | Dec. 31 2024 | Dec. 31 2023 | ||||||
Net revenues: | ||||||||||
Packaging | 71,342 | 70,290 | 67,378 | 265,858 | 260,486 | |||||
Testing | 15,713 | 14,124 | 13,363 | 54,562 | 49,881 | |||||
Direct Material | 1,233 | 1,295 | 1,205 | 5,130 | 4,574 | |||||
Others | 75 | 81 | 58 | 325 | 174 | |||||
Total net revenues | 88,363 | 85,790 | 82,004 | 325,875 | 315,115 | |||||
Cost of revenues | (67,754) | (65,995) | (62,786) | (252,712) | (246,397) | |||||
Gross profit | 20,609 | 19,795 | 19,218 | 73,163 | 68,718 | |||||
Operating expenses: | ||||||||||
Research and development | (6,047) | (5,773) | (5,425) | (22,438) | (19,786) | |||||
Selling, general and administrative | (5,127) | (4,803) | (4,581) | (18,739) | (17,086) | |||||
Total operating expenses | (11,174) | (10,576) | (10,006) | (41,177) | (36,872) | |||||
Operating income | 9,435 | 9,219 | 9,212 | 31,986 | 31,846 |
ASE Technology Holding Co., Ltd.
Summary of EMS Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended | For the year ended | |||||||||
Dec. 31 2024 | Sep. 30 2024 | Dec. 31 2023 | Dec. 31 2024 | Dec. 31 2023 | ||||||
Net revenues | ||||||||||
Total net revenues | 74,895 | 75,384 | 79,182 | 272,550 | 268,309 | |||||
Cost of revenues | (68,713) | (68,627) | (72,496) | (248,135) | (244,947) | |||||
Gross profit | 6,182 | 6,757 | 6,686 | 24,415 | 23,362 | |||||
Operating expenses | ||||||||||
Research and development | (1,673) | (1,668) | (1,567) | (6,542) | (5,871) | |||||
Selling, general and administrative | (2,523) | (2,636) | (2,320) | (9,883) | (8,511) | |||||
Total operating expenses | (4,196) | (4,304) | (3,887) | (16,425) | (14,382) | |||||
Operating income | 1,986 | 2,453 | 2,799 | 7,990 | 8,980 |
ASE Technology Holding Co., Ltd.
Summary of Consolidated Balance Sheet Data
(In NT$ million)
(Unaudited)
As of Dec. 31, 2024 | As of Sep. 30, 2024 (Retrospectively Adjusted) | |||||
Current assets | ||||||
Cash and cash equivalents | 76,493 | 71,711 | ||||
Financial assets – current | 9,376 | 6,643 | ||||
Trade receivables | 113,420 | 114,061 | ||||
Inventories | 61,181 | 68,991 | ||||
Others | 14,815 | 17,399 | ||||
Total current assets | 275,285 | 278,805 | ||||
Financial assets – non-current & Investments – equity -method | 41,810 | 42,300 | ||||
Property, plant and equipment | 312,531 | 283,886 | ||||
Right-of-use assets | 11,851 | 11,502 | ||||
Intangible assets | 67,562 | 67,639 | ||||
Others | 31,659 | 30,516 | ||||
Total assets | 740,698 | 714,648 | ||||
Current liabilities | ||||||
Short-term borrowings[5] | 47,445 | 56,726 | ||||
Current portion of bonds payable & Current portion of long-term borrowings | 18,883 | 23,531 | ||||
Trade payables | 78,221 | 82,595 | ||||
Others | 86,391 | 72,698 | ||||
Total current liabilities | 230,940 | 235,550 | ||||
Bonds payable | 17,978 | 17,073 | ||||
Long-term borrowings | 121,750 | 108,003 | ||||
Other liabilities | 24,243 | 22,912 | ||||
Total liabilities | 394,911 | 383,538 | ||||
Equity attributable to shareholders of the parent | 323,523 | 309,456 | ||||
Non-controlling interests | 22,264 | 21,654 | ||||
Total liabilities & shareholders' equity | 740,698 | 714,648 | ||||
Current ratio | 1.19 | 1.18 | ||||
Net debt to equity ratio | 0.37 | 0.41 |
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Cash Flow Data
(In NT$ million)
(Unaudited)
For the three months ended | For the year ended | ||||||||||||||||||||
Dec. 31 2024 | Sep. 30 2024 | Dec. 31 2023 | Dec. 31 2024 | Dec. 31 2023 | |||||||||||||||||
Cash Flows from Operating Activities | |||||||||||||||||||||
Income before tax | 11,441 | 12,325 | 12,367 | 41,684 | 42,600 | ||||||||||||||||
Depreciation & amortization | 15,360 | 15,043 | 14,607 | 59,815 | 58,102 | ||||||||||||||||
Other operating activities items | 8,444 | (5,306) | 19,854 | (10,711) | 13,720 | ||||||||||||||||
Net cash generated from operating activities | 35,245 | 22,062 | 46,828 | 90,788 | 114,422 | ||||||||||||||||
Cash Flows from Investing Activities | |||||||||||||||||||||
Net payments for property, plant and equipment | (31,546) | (19,769) | (11,859) | (78,614) | (53,683) | ||||||||||||||||
Other investment activities items | (11) | (2,593) | 582 | (5,294) | (1,439) | ||||||||||||||||
Net cash used in investing activities | (31,557) | (22,362) | (11,277) | (83,908) | (55,122) | ||||||||||||||||
Cash Flows from Financing Activities | |||||||||||||||||||||
Total net proceeds from (repayment of) borrowings and bonds | (1,952) | 30,909 | (24,441) | 16,487 | (10,817) | ||||||||||||||||
Dividends paid | - | (22,460) | - | (22,460) | (37,841) | ||||||||||||||||
Other financing activities items | (121) | (51) | 534 | (1,298) | (443) | ||||||||||||||||
Net cash generated from (used in) financing activities | (2,073) | 8,398 | (23,907) | (7,271) | (49,101) | ||||||||||||||||
Foreign currency exchange effect | 3,167 | (2,560) | (7,433) | 9,600 | (955) | ||||||||||||||||
Net increase in cash and cash equivalents | 4,782 | 5,538 | 4,211 | 9,209 | 9,244 | ||||||||||||||||
Cash and cash equivalents at the beginning of period | 71,711 | 66,173 | 62,812 | 67,284 | 58,040 | ||||||||||||||||
Cash and cash equivalents at the end of period | 76,493 | 71,711 | 67,023 | 76,493 | 67,284 | ||||||||||||||||
Cash and cash equivalents in the consolidated balance sheet | 76,493 | 71,711 | 67,284 | 76,493 | 67,284 | ||||||||||||||||
Cash and cash equivalents included in disposal groups held for sale | - | - | (261) | - | - | ||||||||||||||||
[1] All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.). Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our year-end audited consolidated financial statements, and may vary materially from the year-end audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published year-end audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results of operations for any future period. [2] In the fourth quarter of 2024, we adjusted our calculation method of revenue sourcing to focus on direct customers rather than end customers. We believe this method better reflects our current business environment. Consequently, we have retrospectively adjusted our customer metrics for the third quarter of 2024. [3] EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or loss as well as other items. [4] Capital expenditure excludes building construction costs. [5] Short-term borrowings include short-term loans and bills payable. |
Investor Relations Contact
ir@aseglobal.com
Tel: +886.2.6636.5678
https://www.aseglobal.com
View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-its-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-the-full-year-of-2024-302375540.html
SOURCE ASE Technology Holding Co., Ltd.
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