Rectron Ltd

Rectron maintains a strong liquidity position, with a current ratio of 1.61 and free cash flow of 23.3 million TWD, indicating sufficient short-term financial flexibility to meet obligations. The company's debt-to-equity ratio is 0.01, reflecting a conservative capital structure with minimal leverage. Cash and equivalents amount to 25.6 million TWD, further supporting its liquidity profile.

Profitability metrics show a return on equity of 1.04% and a return on assets of 0.77%, both below the industry median for semiconductor firms, suggesting room for improvement in asset utilization and capital efficiency. Operating income of 10.3 million TWD and net income of 18.3 million TWD indicate modest profitability, with a gross margin of 37.4% (55.1 million TWD gross profit on 147.3 million TWD revenue).

Rectron's revenue is concentrated in a single business segment, with no disclosed geographic breakdown. This lack of diversification may expose the company to sector-specific risks, particularly in the volatile semiconductor industry. The absence of segment or geographic data limits the ability to assess exposure to regional or product-specific downturns.

The company's growth trajectory is constrained, with no disclosed revenue growth or expansion plans in the outlook. Analyst estimates for the most recent period show a revenue of 1.6 billion TWD, aligning with the reported 147.3 million TWD, but no forward-looking guidance is available to assess future performance.

Risk factors are minimal, with low liquidity and dilution risk scores. No immediate filing-based liquidity or dilution flags were detected, and the company has not issued additional shares in the recent period. The absence of dilution pressure and manageable debt levels support a stable capital structure.

Recent events include the latest financial filing, which reported a net loss of 2.53 TWD per share, contrasting with the positive net income of 18.3 million TWD. This discrepancy may reflect non-cash items or adjustments in the earnings per share calculation. No recent transcripts or press releases were available to provide further context on operational or strategic developments.

Operating income surged 66.5% year-over-year to TWD 113.7 million in fiscal 2009, demonstrating strong operational leverage.

The company maintains a negligible debt-to-equity ratio of 0.01, well above the 75th percentile of the semiconductor cohort.

Revenue grew 11.7% year-over-year to TWD 845.8 million in fiscal 2009, indicating continued top-line expansion.

Cash conversion ratio of 0.82 is below the semiconductor cohort median of 0.91, indicating weaker cash generation efficiency.

Net income CAGR was negative 0.9% over the four-year period ending fiscal 2009, showing long-term stagnation.

Revenue TWD 193.5M, +31,4% YoY; Operating income +181,4% YoY.

• ▍Revenue TWD 193.5M, +31,4% YoY
• ▍Operating income +181,4% YoY
• ▍Net income −141,4% YoY
• ▍Free cash flow −874,6% YoY
• ▍Net margin -3.9%

Revenue TWD 216.5M, +6,4% YoY; Operating income +32,9% YoY.

• ▍Revenue TWD 216.5M, +6,4% YoY
• ▍Operating income +32,9% YoY
• ▍Net income −64,2% YoY
• ▍Free cash flow −56,6% YoY
• ▍Net margin 5.3%

Revenue TWD 845.8M, +11,7% YoY; Operating income +66,5% YoY.

• ▍Revenue TWD 845.8M, +11,7% YoY
• ▍Operating income +66,5% YoY
• ▍Net income −34,8% YoY
• ▍Free cash flow −366,1% YoY
• ▍Net margin 9.7%

Revenue TWD 757.5M, +5,7% YoY; Operating income −4,2% YoY.

• ▍Revenue TWD 757.5M, +5,7% YoY
• ▍Operating income −4,2% YoY
• ▍Net income +44,5% YoY
• ▍Free cash flow +706,9% YoY
• ▍Net margin 16.6%

Revenue TWD 716.5M, −18,4% YoY; Operating income −58,2% YoY.

• ▍Revenue TWD 716.5M, −18,4% YoY
• ▍Operating income −58,2% YoY
• ▍Net income −50,7% YoY
• ▍Free cash flow −113,1% YoY
• ▍Net margin 12.1%

Revenue TWD 877.6M, +17,7% YoY; Operating income +108,5% YoY.

• ▍Revenue TWD 877.6M, +17,7% YoY
• ▍Operating income +108,5% YoY
• ▍Net income +107,2% YoY
• ▍Free cash flow +415,4% YoY
• ▍Net margin 20.1%

Revenue TWD 745.9M; Operating income TWD 81.9M.

• ▍Revenue TWD 745.9M
• ▍Operating income TWD 81.9M
• ▍Net margin 11.4%