Forbes Asia has announced the list of “Best Under A Billion” for 2024, with a total of 20 companies from Taiwan selected. If ranked by profit, among the top 50 most profitable companies, there are a total of 5 companies from Taiwan. Airtac is the top ranked Taiwanese company with the highest net profit.

These 200 companies were selected from a universe of more than 20,000 publicly traded companies in the Asia-Pacific region with annual sales above $10 million and below $1 billion. The companies on this unranked list were selected based on a composite score using measures such as debt, sales and earnings-per-share growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average return on equity. Aside from quantitative criteria, qualitative screens were applied as well, such as excluding companies with serious governance issues, questionable accounting practices, environmental concerns, management problems or legal troubles in recent years. State-controlled entities and subsidiaries of larger companies were also excluded. The criteria sought to ensure a geographical diversity of companies from across the region. The list uses annual results based on the latest publicly available figures as of July 7, 2024.

Source of information：200 Best Under A Billion 2024 (forbes.com)