When analyzing Silergy net worth, it’s essential to look at the company’s revenue growth and the factors influencing its financial performance.
As one of the leading semiconductor companies, Silergy’s financial standing in 2024 is driven by its expanding markets and innovations.
Here, Ando Money provides an in-depth exploration of Silergy’s financial health and what drives its growth.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Silergy Corp. |
| Full Name | Silergy Corporation |
| Website | silergy.com |
| Industry | Semiconductor |
| Traded as | TWSE: 6415 |
| ISIN | KYG8190E1052 |
| Founded | February 7, 2008 |
| Founders | N/A |
| Country/Territory | Cayman Islands |
| Headquarters | Hsinchu, Taiwan |
| Chief Executive Officer | Wei Chen |
| Number of Employees | N/A |
| Market Cap | $6.15 Billion USD |
| Total Assets | NT$37,104,229 thousand (~$1.14 Billion USD) |
| Total Equity | NT$33,569,265 thousand (~$1.03 Billion USD) |
| Revenue | NT$8,456,870 thousand (~$260 million USD) |
| Net Income | NT$625,429 thousand (~$19 million USD) |
What is the Net Worth/Market Cap of Silergy in 2024?
As of October 2024, Silergy’s market cap is estimated at $6.15 billion USD. This places Silergy among the top 2,447 most valuable companies worldwide.
Its financial performance is bolstered by strong growth in the semiconductor industry, contributing to its market cap.
When comparing it to other competitors in this field, Silergy shows significant strength. For a comparison of the richest companies, Silergy stands alongside major competitors such as:
- Samsung
- Marvell Technology
- GlobalFoundries
- Renesas Electronics
For more information about the wealthiest corporations, visit our page on the richest companies.
Silergy Financial Performance Overview
Silergy’s financial performance in 2024 reveals a company with strong growth in revenue, assets, and equity.
The revenue for the first six months of 2024 was NT$8,456,870 thousand ($260 million USD), showcasing a year-over-year increase.
Their total assets reached NT$37,104,229 thousand ($1.14 billion USD), supported by the growing demand for semiconductor products.
Additionally, the company has maintained NT$33,569,265 thousand (~$1.03 billion USD) in equity, which indicates financial stability and growth potential for investors.
The net income of NT$625,429 thousand (~$19 million USD) reflects significant profitability, with strong margins attributed to the company’s effective cost management strategies.
This is particularly evident in their controlled operating expenses, discussed in further detail below.
Key Factors Driving Revenue Growth
Several factors have contributed to Silergy’s revenue growth. First, their innovations in semiconductor technology have played a critical role.
The company has successfully expanded into new markets and industries, including automotive and IoT sectors, driving up demand for their integrated circuits.
Silergy’s investments in research and development (R&D) have also paid off. The R&D costs amounted to NT$2,510,605 thousand (~$77 million USD) for the first half of 2024, a major contributing factor to their product innovation.
Moreover, their partnerships with key clients have fueled their success. By forming strategic alliances, they have ensured a consistent demand for their products, further driving revenue.
Operating Costs and Their Influence on Profit Margins
Operating costs are another significant factor in evaluating Silergy’s performance.
The cost of goods sold (COGS) was NT$3,984,146 thousand ($122 million USD), indicating that nearly half of their revenue went into production costs.
Despite these expenses, Silergy managed to maintain a gross profit of NT$4,472,724 thousand ($137 million USD), a sign of healthy margins.
Other operating expenses include selling and marketing expenses (NT$864,818 thousand), general and administrative expenses (NT$477,033 thousand), and research and development expenses, which collectively make up a significant portion of their costs.
Yet, Silergy’s ability to manage these costs while increasing revenue speaks to its operational efficiency.
Non-Operating Income and Its Impact on Financials
In addition to its operating income, Silergy also benefits from non-operating income sources such as interest income, foreign exchange gains, and investment returns.
For example, interest income contributed NT$291,246 thousand ($9 million USD) in 2024, while foreign exchange fluctuations added NT$109,624 thousand ($3.3 million USD) to their financials.
However, losses from financial instruments at fair value, amounting to NT$251,976 thousand (~$7.7 million USD), slightly offset these gains.
This highlights the volatility that can impact non-operating income in the semiconductor industry.
Financial Assets and Liabilities Breakdown
Silergy’s financial assets include cash and cash equivalents of NT$12,363,765 thousand ($380 million USD), which reflects strong liquidity.
Additionally, their financial assets at amortized cost stand at NT$7,291,338 thousand ($224 million USD), offering further stability.
On the liabilities side, Silergy has current liabilities of NT$2,614,893 thousand ($80 million USD) and non-current liabilities of NT$920,071 thousand ($28 million USD).
With a low debt burden, Silergy has managed to maintain a healthy balance sheet, positioning itself well for future growth.
Future Financial Projections and Growth Potential
Looking ahead, Silergy’s future financial outlook appears promising.
With expected revenue growth from expanding markets and anticipated cost reductions, the company is set to strengthen its position in the semiconductor industry.
Moreover, their consistent R&D investments will likely lead to further product innovations and higher revenues.
The company is also expected to benefit from increased demand for semiconductor technologies in sectors like electric vehicles (EV), artificial intelligence (AI), and 5G infrastructure.
These areas represent significant growth potential for Silergy, making it a company to watch in the coming years.
FAQs About Silergy
What are Silergy’s main sources of revenue?
Its revenue primarily comes from its semiconductor products, specifically in power management and integrated circuits.
How does Silergy manage its operating expenses?
The company manages its operating expenses through efficient production processes and strict cost control measures, particularly in R&D, marketing, and administrative functions.
What role does research and development play in Silergy’s growth?
Research and development (R&D) is crucial to Silergy’s growth. The company invests heavily in R&D, focusing on innovation in power management and integrated circuits to stay competitive.
What are Silergy’s major financial assets?
Its major financial assets include NT$12,363,765 thousand ($380 million USD) in cash and cash equivalents, and NT$7,291,338 thousand ($224 million USD) in financial assets at amortized cost.
How does Silergy’s non-operating income affect its overall financial performance?
Non-operating income, such as interest income and foreign exchange gains, positively contributes to Silergy’s overall financial performance, although occasional losses from financial instruments can offset these gains.
Conclusion
Silergy’s financial position shows strong growth potential driven by innovation and efficient cost management. Interested in learning more about other companies’ finances?
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