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2357 · TWSE · Taiwan · Technology
In shortASUSTEK (華碩) is profitable, generates cash and holds more cash than debt, with revenue growing (+25.9% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.4% | 35/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 6.0% | 44/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 16.6% | 83/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 11.7% | 78/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.48× | 56/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.11× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 40.08× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.83 | 70/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 3.8% | 35/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.63× | 41/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 17.4% | 47/100 |
| Operating margin volatility | 2.8% | 83/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 11.2% | 79/100 |
|---|---|---|
| EPS growth, 3-year average | 44.8% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
TWD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 535,239 | 537,192 | 482,314 | 587,087 | 738,905 |
| Cost of revenue | 424,923 | 463,051 | 409,920 | 483,617 | 627,289 |
| Gross profit | 110,305 | 74,145 | 72,405 | 103,474 | 111,614 |
| Research & development | 20,089 | 20,625 | 21,639 | 22,036 | 24,847 |
| Operating income | 49,326 | 12,982 | 11,164 | 29,595 | 39,656 |
| Interest expense | 171 | 763 | 693 | 739 | 989 |
| Pre-tax income | 59,089 | 21,616 | 22,094 | 42,190 | 55,008 |
| Income tax | 12,483 | 4,784 | 4,204 | 7,951 | 6,791 |
| Net income | 44,550 | 14,691 | 15,928 | 31,394 | 44,558 |
| Diluted EPS | TWD59.21 | TWD19.62 | TWD21.36 | TWD42.03 | TWD59.51 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
3.83 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: MOPS (mops.twse.com.tw). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated –