ASE Balance Sheet Analysis From 2010 to 2024

ASX Stock  USD 11.00  0.02  0.18%   
Most indicators from ASE Industrial's financial ratios are interrelated and interconnected. However, analyzing financial ratios indicators one by one will only give a small insight into ASE Industrial Holding current financial condition. On the other hand, looking into the entire matrix of financial ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out ASE Industrial Valuation and ASE Industrial Correlation analysis.
  
Selling General Administrative is likely to rise to about 27.6 B in 2024, whereas Tax Provision is likely to drop slightly above 9.7 B in 2024.
Most indicators from ASE Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASE Industrial Holding current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out ASE Industrial Valuation and ASE Industrial Correlation analysis.
Selling General Administrative is likely to rise to about 27.6 B in 2024, whereas Tax Provision is likely to drop slightly above 9.7 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit110.4B134.9B86.9B48.1B
Total Revenue570.0B670.9B581.9B611.0B

ASE Industrial fundamental ratios Correlations

0.830.980.990.970.870.780.740.980.750.990.370.770.98-0.30.560.420.810.780.720.920.870.970.990.82-0.33
0.830.740.760.70.940.980.290.840.820.830.50.840.75-0.410.420.460.980.810.780.830.980.740.810.58-0.42
0.980.740.980.970.830.70.830.950.680.960.370.690.98-0.340.560.320.730.770.720.890.810.960.970.79-0.37
0.990.760.980.980.840.710.80.970.730.970.280.740.99-0.240.60.390.730.770.670.870.820.980.990.89-0.27
0.970.70.970.980.80.640.850.950.710.960.290.720.98-0.170.620.390.670.740.620.840.770.960.970.85-0.2
0.870.940.830.840.80.90.490.880.850.870.430.860.82-0.310.620.430.910.90.760.820.980.810.870.66-0.33
0.780.980.70.710.640.90.210.790.680.80.50.710.7-0.50.340.450.980.740.770.840.940.70.740.51-0.5
0.740.290.830.80.850.490.210.70.440.70.080.420.81-0.010.610.060.260.560.40.540.430.770.770.72-0.06
0.980.840.950.970.950.880.790.70.770.970.450.780.97-0.310.510.390.830.810.770.90.890.930.980.77-0.33
0.750.820.680.730.710.850.680.440.770.720.380.990.7-0.090.560.370.760.80.620.610.860.650.790.65-0.1
0.990.830.960.970.960.870.80.70.970.720.360.730.97-0.340.560.420.820.730.680.940.860.970.960.79-0.37
0.370.50.370.280.290.430.50.080.450.380.360.40.32-0.59-0.190.310.580.430.760.530.540.180.38-0.06-0.55
0.770.840.690.740.720.860.710.420.780.990.730.40.71-0.080.540.50.770.80.620.640.870.660.80.67-0.09
0.980.750.980.990.980.820.70.810.970.70.970.320.71-0.30.60.350.730.730.670.890.810.980.980.83-0.33
-0.3-0.41-0.34-0.24-0.17-0.31-0.5-0.01-0.31-0.09-0.34-0.59-0.08-0.3-0.010.01-0.51-0.14-0.47-0.63-0.4-0.27-0.240.051.0
0.560.420.560.60.620.620.340.610.510.560.56-0.190.540.6-0.010.110.320.460.070.440.50.650.540.64-0.08
0.420.460.320.390.390.430.450.060.390.370.420.310.50.350.010.110.40.350.280.430.420.360.40.440.01
0.810.980.730.730.670.910.980.260.830.760.820.580.770.73-0.510.320.40.760.820.850.960.70.780.48-0.5
0.780.810.770.770.740.90.740.560.810.80.730.430.80.73-0.140.460.350.760.830.620.890.670.830.61-0.14
0.720.780.720.670.620.760.770.40.770.620.680.760.620.67-0.470.070.280.820.830.710.830.570.750.37-0.45
0.920.830.890.870.840.820.840.540.90.610.940.530.640.89-0.630.440.430.850.620.710.840.890.860.64-0.64
0.870.980.810.820.770.980.940.430.890.860.860.540.870.81-0.40.50.420.960.890.830.840.770.860.6-0.41
0.970.740.960.980.960.810.70.770.930.650.970.180.660.98-0.270.650.360.70.670.570.890.770.940.87-0.31
0.990.810.970.990.970.870.740.770.980.790.960.380.80.98-0.240.540.40.780.830.750.860.860.940.84-0.26
0.820.580.790.890.850.660.510.720.770.650.79-0.060.670.830.050.640.440.480.610.370.640.60.870.840.01
-0.33-0.42-0.37-0.27-0.2-0.33-0.5-0.06-0.33-0.1-0.37-0.55-0.09-0.331.0-0.080.01-0.5-0.14-0.45-0.64-0.41-0.31-0.260.01
Click cells to compare fundamentals

ASE Industrial Account Relationship Matchups

ASE Industrial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets556.7B583.9B672.9B707.1B666.6B699.9B
Other Current Liab53.5B53.5B71.0B86.5B75.5B79.2B
Net Debt154.8B151.7B143.7B136.5B111.9B72.6B
Retained Earnings21.0B30.1B69.7B91.6B95.8B100.6B
Accounts Payable56.1B73.3B84.5B79.0B70.3B73.8B
Cash60.1B51.5B76.1B58.0B67.3B36.4B
Net Receivables78.9B91.8B115.5B114.6B121.1B127.2B
Inventory45.3B62.0B73.2B92.8B63.3B32.5B
Other Current Assets12.7B14.3B24.5B27.3B5.6B6.3B
Total Liab342.3B349.6B398.3B387.1B348.5B180.1B
Total Current Assets202.0B224.6B292.4B300.4B261.3B274.4B
Short Term Debt42.7B45.8B55.5B56.8B70.2B73.7B
Common Stock43.3B43.5B44.1B43.7B43.8B57.9B
Other Liab12.6B20.3B23.1B20.5B23.5B24.7B
Other Assets18.5B19.3B30.8B9.9B11.4B6.4B
Long Term Debt172.2B157.4B164.3B137.8B158.5B166.4B
Good Will50.2B54.8B52.1B52.3B51.7B54.3B
Intangible Assets78.6B80.9B76.0B72.8B69.6B73.0B
Net Tangible Assets122.4B137.7B184.1B221.2B254.4B150.1B
Short Long Term Debt42.7B119.1B139.9B56.8B65.3B64.5B
Long Term Debt Total177.4B156.6B166.1B144.5B166.2B114.5B

Pair Trading with ASE Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ASE Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ASE Industrial will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to ASE Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASE Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASE Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASE Industrial Holding to buy it.
The correlation of ASE Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASE Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASE Industrial Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ASE Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ASE Industrial Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASE Industrial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ase Industrial Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ase Industrial Holding Stock:
Check out ASE Industrial Valuation and ASE Industrial Correlation analysis.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running ASE Industrial's price analysis, check to measure ASE Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.
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Is ASE Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASE Industrial. If investors know ASE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASE Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.41)
Earnings Share
0.45
Revenue Per Share
270.918
Quarterly Revenue Growth
(0.1)
Return On Assets
0.0367
The market value of ASE Industrial Holding is measured differently than its book value, which is the value of ASE that is recorded on the company's balance sheet. Investors also form their own opinion of ASE Industrial's value that differs from its market value or its book value, called intrinsic value, which is ASE Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASE Industrial's market value can be influenced by many factors that don't directly affect ASE Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASE Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASE Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASE Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.