ASE TECHNOLOGY HOLDING Reports Positive FY2022 Q4 Earnings Results for Fourth Quarter of 2022.
March 19, 2023
Earnings Overview
ASE TECHNOLOGY HOLDING ($TWSE:3711) reported their FY2022 Q4 financial results on December 31st 2022, showing total revenue of TWD 15.7 billion, a decrease of 49.1% year-over-year. Net income for the quarter was TWD 177.4 billion, a 2.6% increase from the same period in the prior year.
Price History
ASE TECHNOLOGY HOLDING recently reported its financial results for the fourth quarter of 2022, and the numbers have been very encouraging. This strong performance was attributed to higher demand for its products and services due to the pandemic-driven shift towards digitalization. This improvement was mainly driven by improved product mix and cost containment initiatives.
The strong earnings results indicate that ASE TECHNOLOGY HOLDING is continuing to thrive despite the current challenging economic environment. The company’s management is committed to expanding its market share and continuing to drive innovation to ensure long-term success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ase Technology Holding. More…
| Total Revenues | Net Income | Net Margin |
| 670.87k | 62.09k | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ase Technology Holding. More…
| Operations | Investing | Financing |
| 110.98k | -73.95k | -62.4k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ase Technology Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 707.07k | 387.14k | 70.22 |
Key Ratios Snapshot
Some of the financial key ratios for Ase Technology Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.5% | 48.3% | 12.7% |
| FCF Margin | ROE | ROA |
| 5.8% | 18.0% | 7.5% |
Analysis
GoodWhale recently performed an analysis of ASE TECHNOLOGY HOLDING’s financials and classified them as a ‘gorilla’, a company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors looking for companies with long-term growth potential, sustainability and reliability may find this company attractive for their portfolios. Additionally, ASE TECHNOLOGY HOLDING scores high in dividend, growth, and medium in asset and profitability. Furthermore, ASE TECHNOLOGY HOLDING has a high health score of 8/10 with regard to its cashflows and debt, indicating that the company is capable of sustaining future operations in times of crisis. This makes them a very attractive company for long-term investors. More…
Peers
Its major competitors include Forehope Electronic (Ningbo) Co Ltd, Micro Silicon Electronics Co Ltd, and Amkor Technology Inc. All four companies specialize in providing sophisticated semiconductor assembly and test services to the semiconductor industry, making them formidable competitors in the market.
– Forehope Electronic (Ningbo) Co Ltd ($SHSE:688362)
Forehope Electronic (Ningbo) Co Ltd is a Chinese electronics manufacturer that produces and sells products such as printed circuit boards, connectors, antennas, and more. The company has a market cap of 10.23B as of 2023, making it one of the larger players in its industry. Additionally, the company’s return on equity (ROE) of 17.74% indicates that it is able to generate a healthy return from its investments. This is an indication of the company’s financial health and its ability to generate value for its shareholders.
– Micro Silicon Electronics Co Ltd ($TPEX:8162)
Micro Silicon Electronics Co Ltd is a technology company that specializes in semiconductor and integrated circuit (IC) production. As of 2023, the company has a market capitalization of 2.3 billion and a Return on Equity of 18.35%, indicating that it has a strong financial performance. The company’s market capitalization is a measure of its overall value and can be used to compare it to other companies in the industry. The high ROE shows that the company is able to generate more profits from its shareholders’ invested capital. This suggests that the company has good management and a strong competitive advantage.
– Amkor Technology Inc ($NASDAQ:AMKR)
Amkor Technology Inc is a leading global provider of advanced semiconductor packaging and test services. The company has a market capitalization of 6.76 billion dollars as of 2023 and a Return on Equity of 17.69%. This indicates that the company has been doing well and has been able to increase its shareholders’ equity over time. Amkor is known for its advanced packaging solutions, which help its customers develop and produce high-performance, cost-effective semiconductor solutions. The company also offers various testing solutions and services to help ensure the quality and reliability of its customers’ products.
Summary
Investors analyzing ASE Technology Holding should take into account the company’s reported fourth quarter of FY2022 earnings results. Total revenue for the quarter was TWD 15.7 billion, a 49.1% decrease year-over-year. Net income, however, increased 2.6% to TWD 177.4 billion, indicating that ASE Technology Holding’s cost structure remains efficient and profitable despite top-line revenue declines.
Investors should also consider the company’s long-term financial health and outlook. With an effective cost structure and strong balance sheet, ASE Technology Holding appears to be well-positioned for continued success.
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