Cash flow ASRock Rack Incorporation

Stocks

7711

TW0007711004

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 21/08/2026			5-day change	1st Jan Change
461.50 ^TWD	+1.65%		-2.22%	+78.19%

05/08	ASRock Rack Provides Clarification Over Revenue Growth Report; Shares Surge 9%	MT
04/08	ASRock Rack Incorporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: ASROCK RACK INCORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	316.47Cr	320.53Cr	270.47Cr	879.88Cr	2.49TCr
Total Revenues	316.47Cr	320.53Cr	270.47Cr	879.88Cr	2.49TCr
Cost of Goods Sold, Total	249.45Cr	238.69Cr	198.11Cr	729.52Cr	2.28TCr
Gross Profit	67Cr	82Cr	72Cr	150.36Cr	212.38Cr
Selling General & Admin Expenses, Total	16Cr	14Cr	15Cr	21Cr	33Cr
Provision for Bad Debts	-6L	7L	-32T	20.29L	15.02L
R&D Expenses	43Cr	54Cr	58Cr	74Cr	83Cr
Other Operating Expenses, Total	59Cr	68Cr	73Cr	95Cr	116.44Cr
Operating Income	7.87Cr	14Cr	-77.8L	56Cr	96Cr
Interest Expense, Total	-2L	-3L	-7L	-16.16L	-1.28Cr
Interest And Investment Income	15.15L	52.37L	2.28Cr	4.93Cr	4.11Cr
Net Interest Expenses	12.85L	49.86L	2.21Cr	4.77Cr	2.83Cr
Currency Exchange Gains (Loss)	-21.95L	65.23L	-1.22Cr	1.72Cr	-3L
Other Non Operating Income (Expenses)	55.95L	58.58L	78.12L	1.12Cr	77.32L
EBT, Excl. Unusual Items	8.34Cr	16Cr	98.84L	63Cr	100Cr
EBT, Incl. Unusual Items	8.34Cr	16Cr	98.84L	63Cr	100Cr
Income Tax Expense	1.67Cr	1.96Cr	19.77L	13Cr	19Cr
Earnings From Continuing Operations	6.67Cr	14Cr	79.07L	51Cr	80Cr
Net Income to Company	6.67Cr	14Cr	79.07L	51Cr	80Cr
Net Income - (IS)	6.67Cr	14Cr	79.07L	51Cr	80Cr
Net Income to Common Incl Extra Items	6.67Cr	14Cr	79.07L	51Cr	80Cr
Net Income to Common Excl. Extra Items	6.67Cr	14Cr	79.07L	51Cr	80Cr
Per Share Items
Net EPS - Basic	1.32	2.66	0.13	8.36	13.04
Basic EPS - Continuing Operations	1.32	2.66	0.13	8.36	13.04
Basic Weighted Average Shares Outstanding	5.05Cr	5.17Cr	5.9Cr	6.04Cr	6.16Cr
Net EPS - Diluted	1.31	2.62	0.13	8.25	12.61
Diluted EPS - Continuing Operations	1.31	2.62	0.13	8.25	12.61
Diluted Weighted Average Shares Outstanding	5.1Cr	5.25Cr	5.93Cr	6.12Cr	6.37Cr
Normalized Basic EPS	1.03	1.9	0.1	6.53	10.09
Normalized Diluted EPS	1.02	1.87	0.1	6.44	9.76
Dividend Per Share	-	1.14	-	4	9
Payout Ratio	37.23	-	746.34	1.41	31.07
Supplemental Items
EBITDA	9.73Cr	16Cr	1.19Cr	57Cr	97Cr
EBITA	7.87Cr	14Cr	-77.8L	56Cr	96Cr
EBIT	7.87Cr	14Cr	-77.8L	56Cr	96Cr
EBITDAR	9.91Cr	17Cr	1.38Cr	57Cr	98Cr
Effective Tax Rate - (Ratio)	20	12.46	20	20	19.26
Total Current Taxes	1.34Cr	3.54Cr	63.37L	14Cr	23Cr
Total Deferred Taxes	32.85L	-1.59Cr	-43.6L	-1.1Cr	-3.65Cr
Normalized Net Income	5.21Cr	9.82Cr	61.78L	39Cr	62Cr
Interest on Long-Term Debt	2L	3L	7L	7L	7L
Supplemental Operating Expense Items
Advertising Expense	-	51.34L	-	-	-
Marketing Expenses	-	49.52L	-	-	-
Selling and Marketing Expenses	9.78Cr	7.2Cr	8.03Cr	12Cr	19Cr
General and Administrative Expenses	6.28Cr	6.34Cr	6.66Cr	9.55Cr	14Cr
Research And Development Expense From Footnotes	43Cr	54Cr	58Cr	74Cr	83Cr
Net Rental Expense, Total	17.59L	16.52L	19.16L	28.19L	34.67L
Imputed Operating Lease Interest Expense	-	1L	3L	2L	16.28L
Imputed Operating Lease Depreciation	-	15.36L	15.9L	26.57L	18.39L
Maintenance & Repair Expenses, Total	-	58.74L	-	-	-
Stock-Based Comp., Other (Total)	22.12L	25.16L	41.74L	67.96L	2.22Cr
Total Stock-Based Compensation	22.12L	25.16L	41.74L	67.96L	2.22Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	40Cr	68Cr	85Cr	74Cr	411.94Cr
Total Cash And Short Term Investments	40Cr	68Cr	85Cr	74Cr	411.94Cr
Accounts Receivable, Total	43Cr	40Cr	39Cr	68Cr	90Cr
Other Receivables	48.46L	92.39L	1.45Cr	1.72Cr	22Cr
Total Receivables	44Cr	41Cr	41Cr	70Cr	111.39Cr
Inventory	50Cr	70Cr	46Cr	259.26Cr	574.89Cr
Prepaid Expenses	8.06Cr	9.76Cr	-	-	-
Other Current Assets, Total	15T	8L	8.9Cr	25Cr	46Cr
Total Current Assets	141.66Cr	188.37Cr	180.29Cr	427.35Cr	1.14TCr
Gross Property Plant And Equipment	15Cr	12Cr	11Cr	11Cr	9.28Cr
Accumulated Depreciation	-6.5Cr	-5.07Cr	-3.44Cr	-4.27Cr	-2.37Cr
Net Property Plant And Equipment	8.52Cr	7.08Cr	7.09Cr	6.48Cr	6.91Cr
Other Intangibles, Total	40.28L	46.29L	1.13Cr	1.8Cr	3.28Cr
Deferred Tax Assets Long-Term	3.1Cr	4.74Cr	5.35Cr	6.17Cr	9.83Cr
Other Long-Term Assets, Total	54.49L	58.21L	61.96L	78.4L	2.07Cr
Total Assets	154.22Cr	201.23Cr	194.47Cr	442.59Cr	1.17TCr
Liabilities
Accounts Payable, Total	48Cr	72Cr	65Cr	191.14Cr	517.83Cr
Accrued Expenses, Total	15Cr	17Cr	19Cr	28Cr	36Cr
Short-term Borrowings	-	-	-	36Cr	-
Current Portion of Leases	1.32Cr	67.72L	1.57Cr	2.19Cr	2.4Cr
Current Income Taxes Payable	2.52Cr	5.09Cr	2.26Cr	15Cr	28Cr
Unearned Revenue Current, Total	9.68Cr	13Cr	14Cr	21Cr	87Cr
Other Current Liabilities	5.31Cr	8.34Cr	6.01Cr	12Cr	9.08Cr
Total Current Liabilities	82Cr	115.41Cr	107.67Cr	306.13Cr	680.15Cr
Long-Term Leases	2.2Cr	1.52Cr	2.7Cr	2.28Cr	76.51L
Deferred Tax Liability Non Current	5L	10.6L	27.73L	-	-
Other Non Current Liabilities	-	11.16L	11.53L	-	-
Total Liabilities	84Cr	117.15Cr	110.76Cr	308.41Cr	680.91Cr
Common Stock, Total	46Cr	52Cr	60Cr	62Cr	72Cr
Additional Paid In Capital	16Cr	16Cr	19Cr	20Cr	305.03Cr
Retained Earnings	8.41Cr	16Cr	4.56Cr	54Cr	109.75Cr
Treasury Stock	-2L	-4L	-	-	-
Comprehensive Income and Other	-19.61L	-2L	-	-2.81Cr	-1.27Cr
Total Common Equity	70Cr	84Cr	84Cr	134.19Cr	485.25Cr
Total Equity	70Cr	84Cr	84Cr	134.19Cr	485.25Cr
Total Liabilities And Equity	154.22Cr	201.23Cr	194.47Cr	442.59Cr	1.17TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.05Cr	5.18Cr	6.03Cr	6.24Cr	7.17Cr
ECS Total Common Shares Outstanding	5.05Cr	5.18Cr	6.03Cr	6.24Cr	7.17Cr
Book Value / Share	13.87	16.25	13.88	21.5	67.67
Tangible Book Value	70Cr	84Cr	83Cr	132.38Cr	481.97Cr
Tangible Book Value Per Share	13.79	16.16	13.7	21.21	67.21
Total Debt	3.52Cr	2.2Cr	4.26Cr	41Cr	3.17Cr
Net Debt	-36Cr	-66Cr	-81Cr	-33Cr	-408.77Cr
Debt Equivalent Oper. Leases	1.41Cr	1.32Cr	1.53Cr	2.26Cr	2.77Cr
Account Code - Inventory Valuation	-	6	-	6	6
Inventories - Raw Materials, Total	32Cr	33Cr	27Cr	229.4Cr	374.72Cr
Inventories - Work In Process, Total	6.39Cr	6.14Cr	4.82Cr	9.42Cr	150.24Cr
Inventories - Finished Goods, Total	12Cr	31Cr	13Cr	20Cr	50Cr
Machinery, Total	6.54Cr	7.34Cr	5.93Cr	5.68Cr	5.12Cr
Full Time Employees	-	-	-	317	-
Accumulated Allowance for Doubtful Accounts (Supple)	22.06L	28.86L	28.54L	48.83L	63.85L

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	6.67Cr	14Cr	79.07L	51Cr	80Cr
Depreciation & Amortization - CF	3.09Cr	3.68Cr	3.5Cr	3.12Cr	3.88Cr
Depreciation & Amortization, Total	3.09Cr	3.68Cr	3.5Cr	3.12Cr	3.88Cr
Amortization of Deferred Charges, Total - (CF)	41.93L	46.01L	74.34L	71.98L	1.1Cr
(Gain) Loss From Sale Of Asset	-	-	7L	-	-
Stock-Based Compensation (CF)	22.12L	25.16L	41.74L	67.96L	2.22Cr
Provision and Write-off of Bad Debts	-6L	7L	-32T	20.29L	15.02L
Other Operating Activities, Total	-1.07Cr	49.15L	-5.47Cr	7.09Cr	6.39Cr
Change In Accounts Receivable	-15Cr	3.36Cr	50.75L	-29Cr	-22Cr
Change In Inventories	-15Cr	-20Cr	25Cr	-213.7Cr	-315.63Cr
Change In Accounts Payable	-11Cr	24Cr	-6.11Cr	125.68Cr	326.69Cr
Change in Unearned Revenues	1.78Cr	3.3Cr	68.81L	7.48Cr	66Cr
Change in Other Net Operating Assets	-2.16Cr	2.37Cr	28.9L	-89.61L	-36Cr
Cash from Operations	-33Cr	32Cr	20Cr	-48Cr	112.82Cr
Capital Expenditure	-1.81Cr	-2.87Cr	-11.49L	-60.2L	-3.04Cr
Sale of Property, Plant, and Equipment	-	62.7L	2L	-	-
Sale (Purchase) of Intangible assets	-23.24L	-52.02L	-1.41Cr	-1.39Cr	-2.57Cr
Investment in Marketable and Equity Securities, Total	-	-	-	0	-
Other Investing Activities, Total	10L	38.27L	1.99Cr	5.07Cr	2.44Cr
Cash from Investing	-1.95Cr	-2.38Cr	48.16L	3.07Cr	-3.17Cr
Short Term Debt Issued, Total	-	-	-	36Cr	-
Total Debt Issued	-	-	-	36Cr	-
Short Term Debt Repaid, Total	-	-	-	-	-36Cr
Long-Term Debt Repaid, Total	-1.25Cr	-1.34Cr	-1.57Cr	-1.78Cr	-2.64Cr
Total Debt Repaid	-1.25Cr	-1.34Cr	-1.57Cr	-1.78Cr	-39Cr
Issuance of Common Stock	3.19Cr	-	4.32Cr	-	293.46Cr
Common Dividends Paid	-2.48Cr	-	-5.9Cr	-70.98L	-25Cr
Common & Preferred Stock Dividends Paid	-2.48Cr	-	-5.9Cr	-70.98L	-25Cr
Other Financing Activities, Total	-	-	-	-	-1.3Cr
Cash from Financing	-54.38L	-1.34Cr	-3.16Cr	34Cr	228.42Cr
Foreign Exchange Rate Adjustments	-	-	-	1T	-4T
Net Change in Cash	-35Cr	28Cr	17Cr	-11Cr	338.07Cr
Supplemental Items
Cash Interest Paid	-	-	-	-	1.3Cr
Cash Income Tax Paid (Refund)	2.61Cr	96.79L	3.47Cr	77.08L	9.94Cr
Levered Free Cash Flow	-	25Cr	19Cr	-60Cr	92Cr
Unlevered Free Cash Flow	-	25Cr	19Cr	-59Cr	93Cr
Change In Net Working Capital	-	-16Cr	-17Cr	97Cr	-31Cr
Net Debt Issued / Repaid	-1.25Cr	-1.34Cr	-1.57Cr	34Cr	-39Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	4.91	-0.25	10.9	7.45
Return on Total Capital	-	10.93	-0.56	26.42	18.08
Return On Equity %	-	17.84	0.94	46.36	25.94
Return on Common Equity	-	17.84	0.94	46.36	25.94
Margin Analysis
Gross Profit Margin %	21.18	25.53	26.75	17.09	8.54
SG&A Margin	5.08	4.22	5.43	2.4	1.33
EBITDA Margin %	3.08	5.1	0.44	6.46	3.91
EBITA Margin %	2.49	4.36	-0.29	6.31	3.86
EBIT Margin %	2.49	4.36	-0.29	6.31	3.86
Income From Continuing Operations Margin %	2.11	4.29	0.29	5.74	3.23
Net Income Margin %	2.11	4.29	0.29	5.74	3.23
Net Avail. For Common Margin %	2.11	4.29	0.29	5.74	3.23
Normalized Net Income Margin	1.65	3.06	0.23	4.48	2.5
Levered Free Cash Flow Margin	-	7.93	7.16	-6.77	3.7
Unlevered Free Cash Flow Margin	-	7.93	7.17	-6.76	3.73
Asset Turnover
Asset Turnover	-	1.8	1.37	2.76	3.09
Fixed Assets Turnover	-	41.11	38.2	129.71	371.53
Receivables Turnover (Average Receivables)	-	7.74	6.86	16.43	31.55
Inventory Turnover (Average Inventory)	-	3.97	3.43	4.79	5.46
Short Term Liquidity
Current Ratio	1.73	1.63	1.67	1.4	1.68
Quick Ratio	1.02	0.94	1.17	0.47	0.77
Operating Cash Flow to Current Liabilities	-0.4	0.28	0.19	-0.16	0.17
Days Sales Outstanding (Average Receivables)	-	47.16	53.24	22.28	11.57
Days Outstanding Inventory (Average Inventory)	-	92.02	106.47	76.46	66.91
Average Days Payable Outstanding	-	84.22	144.02	49.78	49.94
Cash Conversion Cycle (Average Days)	-	54.97	15.68	48.95	28.54
Long Term Solvency
Total Debt/Equity	5.02	2.61	5.09	30.26	0.65
Total Debt / Total Capital	4.78	2.55	4.85	23.23	0.65
LT Debt/Equity	3.14	1.81	3.22	1.7	0.16
Long-Term Debt / Total Capital	2.99	1.76	3.07	1.3	0.16
Total Liabilities / Total Assets	54.56	58.22	56.95	69.68	58.39
EBIT / Interest Expense	342.09	556.72	-11.31	343.63	74.7
EBITDA / Interest Expense	476.31	703.41	39.54	362.93	77.72
(EBITDA - Capex) / Interest Expense	397.5	589.17	37.87	359.21	75.35
Total Debt / EBITDA	0.32	0.12	1.57	0.69	0.03
Net Debt / EBITDA	-3.3	-3.72	-29.75	-0.57	-4.1
Total Debt / (EBITDA - Capex)	0.38	0.15	1.64	0.7	0.03
Net Debt / (EBITDA - Capex)	-3.95	-4.44	-31.06	-0.57	-4.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	1.28	-15.62	225.32	182.72
Gross Profit, 1 Yr. Growth %	-	22.12	-11.58	107.79	41.25
EBITDA, 1 Yr. Growth %	-	67.92	-92.71	4.67T	71.13
EBITA, 1 Yr. Growth %	-	77.6	-105.57	-7.24T	72.77
EBIT, 1 Yr. Growth %	-	77.6	-105.57	-7.24T	72.77
Earnings From Cont. Operations, 1 Yr. Growth %	-	106.21	-94.25	6.29T	59.08
Net Income, 1 Yr. Growth %	-	106.21	-94.25	6.29T	59.08
Normalized Net Income, 1 Yr. Growth %	-	88.45	-93.71	6.29T	57.62
Diluted EPS Before Extra, 1 Yr. Growth %	-	100	-95.04	6.25T	52.85
Accounts Receivable, 1 Yr. Growth %	-	-7.95	-1.27	73.25	32.22
Inventory, 1 Yr. Growth %	-	39.1	-34.94	469.13	121.74
Net Property, Plant and Equip., 1 Yr. Growth %	-	-16.92	0.12	-8.51	6.59
Total Assets, 1 Yr. Growth %	-	30.48	-3.36	127.6	163.48
Tangible Book Value, 1 Yr. Growth %	-	20.01	-1.24	60.31	264.07
Common Equity, 1 Yr. Growth %	-	19.98	-0.45	60.3	261.62
Cash From Operations, 1 Yr. Growth %	-	-198.27	-37.51	-340.47	-334.88
Capital Expenditures, 1 Yr. Growth %	-	58.2	-95.99	423.93	405.15
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-23.82	-407.62	-254.54
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-23.69	-406.41	-256.15
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	125
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-7.55	65.68	203.27
Gross Profit, 2 Yr. CAGR %	-	-	3.91	35.55	71.32
EBITDA, 2 Yr. CAGR %	-	-	-65.02	86.46	803.62
EBITA, 2 Yr. CAGR %	-	-	-68.55	99.35	1.01T
EBIT, 2 Yr. CAGR %	-	-	-68.55	99.35	1.01T
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-65.57	91.64	908.05
Net Income, 2 Yr. CAGR %	-	-	-65.57	91.64	908.05
Normalized Net Income, 2 Yr. CAGR %	-	-	-65.57	100.46	903.39
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-68.5	77.45	884.89
Accounts Receivable, 2 Yr. CAGR %	-	-	-4.67	30.79	51.35
Inventory, 2 Yr. CAGR %	-	-	-4.87	92.42	255.25
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-8.8	-4.29	-1.25
Total Assets, 2 Yr. CAGR %	-	-	12.29	48.3	144.88
Tangible Book Value, 2 Yr. CAGR %	-	-	8.87	25.82	141.59
Common Equity, 2 Yr. CAGR %	-	-	9.29	26.33	140.77
Cash From Operations, 2 Yr. CAGR %	-	-	-21.64	22.59	137.66
Capital Expenditures, 2 Yr. CAGR %	-	-	-74.82	-54.18	414.46
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	53.09	118.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	52.91	118.74
Dividend Per Share, 2 Yr. CAGR %	-	-	-	87.22	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	40.62	97.99
Gross Profit, 3 Yr. CAGR %	-	-	-	30.91	37.42
EBITDA, 3 Yr. CAGR %	-	-	-	80.06	81.2
EBITA, 3 Yr. CAGR %	-	-	-	91.82	90.06
EBIT, 3 Yr. CAGR %	-	-	-	91.82	90.06
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	96.38	80.11
Net Income, 3 Yr. CAGR %	-	-	-	96.38	80.11
Normalized Net Income, 3 Yr. CAGR %	-	-	-	96.38	85.02
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	84.67	68.84
Accounts Receivable, 3 Yr. CAGR %	-	-	-	16.33	31.26
Inventory, 3 Yr. CAGR %	-	-	-	72.7	101.74
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-8.7	-0.79
Total Assets, 3 Yr. CAGR %	-	-	-	42.11	79.62
Tangible Book Value, 3 Yr. CAGR %	-	-	-	23.85	79.3
Common Equity, 3 Yr. CAGR %	-	-	-	24.18	79.37
Cash From Operations, 3 Yr. CAGR %	-	-	-	13.88	52.26
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-30.75	1.98
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	53.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	53.98
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	99.05