Reece Ltd (REH) - Net Assets

Latest as of December 2025: AU$3.66 Billion AUD ≈ $2.59 Billion USD

Based on the latest financial reports, Reece Ltd (REH) has net assets worth AU$3.66 Billion AUD (≈ $2.59 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$7.25 Billion ≈ $5.13 Billion USD) and total liabilities (AU$3.58 Billion ≈ $2.54 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Reece Ltd (REH) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$3.66 Billion
% of Total Assets 50.55%
Annual Growth Rate 12.54%
5-Year Change 40.07%
10-Year Change 288.59%
Growth Volatility 10.2

Reece Ltd - Net Assets Trend (1989–2025)

This chart illustrates how Reece Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Reece Ltd (REH) total assets for the complete picture of this company's asset base.

Annual Net Assets for Reece Ltd (1989–2025)

The table below shows the annual net assets of Reece Ltd from 1989 to 2025. For live valuation and market cap data, see how much is Reece Ltd worth.

Year Net Assets Change
2025-06-30 AU$4.05 Billion
≈ $2.86 Billion		 +4.15%
2024-06-30 AU$3.88 Billion
≈ $2.75 Billion		 +7.14%
2023-06-30 AU$3.63 Billion
≈ $2.57 Billion		 +9.17%
2022-06-30 AU$3.32 Billion
≈ $2.35 Billion		 +14.98%
2021-06-30 AU$2.89 Billion
≈ $2.04 Billion		 +5.03%
2020-06-30 AU$2.75 Billion
≈ $1.95 Billion		 +38.08%
2019-06-30 AU$1.99 Billion
≈ $1.41 Billion		 +5.89%
2018-06-30 AU$1.88 Billion
≈ $1.33 Billion		 +62.38%
2017-06-30 AU$1.16 Billion
≈ $819.57 Million		 +11.27%
2016-06-30 AU$1.04 Billion
≈ $736.59 Million		 +12.40%
2015-06-30 AU$926.21 Million
≈ $655.35 Million		 +12.00%
2014-06-30 AU$826.97 Million
≈ $585.13 Million		 +7.98%
2013-06-30 AU$765.83 Million
≈ $541.87 Million		 +8.33%
2012-06-30 AU$706.95 Million
≈ $500.21 Million		 +8.04%
2011-06-30 AU$654.32 Million
≈ $462.97 Million		 +9.99%
2010-06-30 AU$594.87 Million
≈ $420.91 Million		 +11.55%
2009-06-30 AU$533.25 Million
≈ $377.31 Million		 +8.61%
2008-06-30 AU$491.00 Million
≈ $347.41 Million		 +13.43%
2007-06-30 AU$432.87 Million
≈ $306.28 Million		 +15.12%
2006-06-30 AU$376.00 Million
≈ $266.05 Million		 +15.53%
2005-06-30 AU$325.47 Million
≈ $230.29 Million		 +15.81%
2004-06-30 AU$281.03 Million
≈ $198.84 Million		 +16.17%
2003-06-30 AU$241.91 Million
≈ $171.17 Million		 +19.38%
2002-06-30 AU$202.64 Million
≈ $143.38 Million		 +14.41%
2001-06-30 AU$177.11 Million
≈ $125.32 Million		 +10.53%
2000-06-30 AU$160.25 Million
≈ $113.38 Million		 +9.49%
1999-06-30 AU$146.36 Million
≈ $103.56 Million		 +12.69%
1998-06-30 AU$129.88 Million
≈ $91.90 Million		 +8.62%
1997-06-30 AU$119.58 Million
≈ $84.61 Million		 +7.12%
1996-06-30 AU$111.63 Million
≈ $78.99 Million		 +7.46%
1995-06-30 AU$103.88 Million
≈ $73.50 Million		 +9.58%
1994-06-30 AU$94.80 Million
≈ $67.08 Million		 +9.57%
1993-06-30 AU$86.52 Million
≈ $61.22 Million		 +7.35%
1992-06-30 AU$80.59 Million
≈ $57.03 Million		 +7.12%
1991-06-30 AU$75.24 Million
≈ $53.23 Million		 +9.13%
1990-06-30 AU$68.94 Million
≈ $48.78 Million		 +19.70%
1989-06-30 AU$57.60 Million
≈ $40.75 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Reece Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 5467.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$2.60 Billion 64.38%
Common Stock AU$1.25 Billion 30.82%
Other Comprehensive Income AU$194.23 Million 4.80%
Total Equity AU$4.05 Billion 100.00%

Reece Ltd Competitors by Market Cap

The table below lists competitors of Reece Ltd ranked by their market capitalization.

Company Market Cap
JBTMarel Corp
NYSE:JBTM
 $6.01 Billion
Leader Harmonious Drive Systems Co Ltd
SHG:688017
 $6.01 Billion
Enact Holdings Inc
NASDAQ:ACT
 $6.01 Billion
Shan Dong Sun Paper Industry Joint Stock Co Ltd
SHE:002078
 $6.02 Billion
Nexans S.A.
PA:NEX
 $6.01 Billion
Shanghai Friendess Electronics Tech
SHG:688188
 $5.99 Billion
Bluestar Adisseo Co
SHG:600299
 $5.99 Billion
Gates Industrial Corporation plc
NYSE:GTES
 $5.98 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Reece Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 3,884,143,000 to 4,045,317,000, a change of 161,174,000 (4.1%).
  • Net income of 316,937,000 contributed positively to equity growth.
  • Dividend payments of 156,651,000 reduced retained earnings.
  • Share repurchases of 22,555,000 reduced equity.
  • Other comprehensive income increased equity by 888,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$316.94 Million +7.83%
Dividends Paid AU$156.65 Million -3.87%
Share Repurchases AU$22.55 Million -0.56%
Other Comprehensive Income AU$888.00K +0.02%
Other Changes AU$22.55 Million +0.56%
Total Change AU$- 4.15%

Book Value vs Market Value Analysis

This analysis compares Reece Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.20x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 135.25x to 2.20x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1989-06-30 AU$0.10 AU$13.80 x
1990-06-30 AU$0.12 AU$13.80 x
1991-06-30 AU$0.13 AU$13.80 x
1992-06-30 AU$0.16 AU$13.80 x
1993-06-30 AU$0.17 AU$13.80 x
1994-06-30 AU$0.19 AU$13.80 x
1995-06-30 AU$0.20 AU$13.80 x
1996-06-30 AU$0.22 AU$13.80 x
1997-06-30 AU$0.24 AU$13.80 x
1998-06-30 AU$0.26 AU$13.80 x
1999-06-30 AU$0.29 AU$13.80 x
2000-06-30 AU$0.32 AU$13.80 x
2001-06-30 AU$0.35 AU$13.80 x
2002-06-30 AU$0.40 AU$13.80 x
2003-06-30 AU$0.48 AU$13.80 x
2004-06-30 AU$0.55 AU$13.80 x
2005-06-30 AU$0.64 AU$13.80 x
2006-06-30 AU$0.74 AU$13.80 x
2007-06-30 AU$0.85 AU$13.80 x
2008-06-30 AU$0.97 AU$13.80 x
2009-06-30 AU$1.05 AU$13.80 x
2010-06-30 AU$1.17 AU$13.80 x
2011-06-30 AU$1.29 AU$13.80 x
2012-06-30 AU$1.39 AU$13.80 x
2013-06-30 AU$1.54 AU$13.80 x
2014-06-30 AU$1.63 AU$13.80 x
2015-06-30 AU$1.86 AU$13.80 x
2016-06-30 AU$2.05 AU$13.80 x
2017-06-30 AU$2.33 AU$13.80 x
2018-06-30 AU$3.74 AU$13.80 x
2019-06-30 AU$3.53 AU$13.80 x
2020-06-30 AU$4.79 AU$13.80 x
2021-06-30 AU$4.47 AU$13.80 x
2022-06-30 AU$5.14 AU$13.80 x
2023-06-30 AU$5.61 AU$13.80 x
2024-06-30 AU$6.02 AU$13.80 x
2025-06-30 AU$6.28 AU$13.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Reece Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 7.83%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.53%
  • • Asset Turnover: 1.21x
  • • Equity Multiplier: 1.83x
  • Recent ROE (7.83%) is below the historical average (15.72%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1989 23.42% 7.03% 1.73x 1.93x AU$7.73 Million
1990 20.79% 6.74% 1.82x 1.70x AU$7.44 Million
1991 11.02% 4.48% 1.72x 1.43x AU$764.30K
1992 9.12% 4.09% 1.54x 1.44x AU$-710.40K
1993 9.15% 4.22% 1.51x 1.43x AU$-735.00K
1994 11.68% 5.03% 1.55x 1.50x AU$1.59 Million
1995 11.16% 4.26% 1.72x 1.52x AU$1.21 Million
1996 9.62% 4.00% 1.67x 1.44x AU$-425.47K
1997 9.97% 3.71% 1.65x 1.63x AU$-30.80K
1998 13.30% 0.00% 0.00x 1.65x AU$4.29 Million
1999 18.74% 0.00% 0.00x 1.68x AU$12.80 Million
2000 24.21% 6.53% 1.99x 1.86x AU$22.76 Million
2001 15.93% 5.33% 1.79x 1.67x AU$10.51 Million
2002 20.95% 6.67% 1.81x 1.74x AU$22.20 Million
2003 19.32% 6.31% 1.90x 1.61x AU$22.55 Million
2004 21.89% 7.06% 1.91x 1.62x AU$33.43 Million
2005 23.14% 7.46% 1.96x 1.58x AU$42.77 Million
2006 23.10% 7.80% 1.84x 1.61x AU$49.26 Million
2007 23.91% 7.91% 1.96x 1.54x AU$60.21 Million
2008 23.13% 7.90% 1.84x 1.59x AU$64.47 Million
2009 18.14% 6.42% 1.80x 1.57x AU$43.41 Million
2010 19.21% 7.60% 1.69x 1.49x AU$54.77 Million
2011 18.13% 7.59% 1.63x 1.46x AU$53.18 Million
2012 16.02% 7.46% 1.51x 1.43x AU$42.59 Million
2013 15.56% 7.76% 1.43x 1.41x AU$42.55 Million
2014 14.88% 6.93% 1.29x 1.66x AU$40.33 Million
2015 17.87% 7.94% 1.43x 1.58x AU$72.93 Million
2016 18.46% 8.44% 1.43x 1.53x AU$88.12 Million
2017 18.28% 8.72% 1.44x 1.46x AU$95.96 Million
2018 11.94% 8.35% 1.16x 1.24x AU$36.54 Million
2019 10.15% 3.70% 1.22x 2.25x AU$2.94 Million
2020 8.33% 3.81% 0.95x 2.31x AU$-45.99 Million
2021 9.89% 4.55% 1.02x 2.12x AU$-3.22 Million
2022 11.82% 5.13% 1.16x 1.99x AU$60.40 Million
2023 10.69% 4.38% 1.28x 1.91x AU$25.06 Million
2024 10.79% 4.60% 1.28x 1.83x AU$30.76 Million
2025 7.83% 3.53% 1.21x 1.83x AU$-87.59 Million

Industry Comparison

This section compares Reece Ltd's net assets metrics with peer companies in the Industrial Distribution industry.

Industry Context

  • Industry: Industrial Distribution
  • Average net assets among peers: $59,736,792
  • Average return on equity (ROE) among peers: 4.31%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Reece Ltd (REH) AU$3.66 Billion 23.42% 0.98x $6.01 Billion
Coventry Group Ltd (CYG) $172.89 Million 3.77% 0.64x $37.39 Million
Stealth Group Holdings Ltd (SGI) $717.41K 25.77% 5.99x $84.13 Million
Saferoads Holdings Ltd (SRH) $5.60 Million -16.62% 1.25x $3.56 Million

About Reece Ltd

AU:REH Australia Industrial Distribution
Market Cap
$6.01 Billion
AU$8.49 Billion AUD
Market Cap Rank
#3173 Global
#71 in Australia
Share Price
AU$13.80
Change (1 day)
+0.66%
52-Week Range
AU$10.18 - AU$17.36
All Time High
AU$29.01
Categories
Companies in Australia Industrial Distribution
About

Reece Limited engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States. The company also offers irrigation and pools, and fire products. Its products include tapware and accessories; vanities and mirrors; showers; toilets; basins; baths and spas; … Read more