Phillips 66 (PSX) - Net Assets
Based on the latest financial reports, Phillips 66 (PSX) has net assets worth €787.80 Million EUR (≈ $921.02 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€919.65 Million ≈ $1.08 Billion USD) and total liabilities (€131.85 Million ≈ $154.14 Million 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 how resilient are Phillips 66's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €787.80 Million |
| % of Total Assets | 85.66% |
| Annual Growth Rate | -16.09% |
| 5-Year Change | 19.56% |
| 10-Year Change | -83.6% |
| Growth Volatility | 20.09 |
Phillips 66 - Net Assets Trend (2013–2024)
This chart illustrates how Phillips 66's net assets have evolved over time, based on quarterly financial data. Also explore PSX total assets for the complete picture of this company's asset base.
Annual Net Assets for Phillips 66 (2013–2024)
The table below shows the annual net assets of Phillips 66 from 2013 to 2024. For live valuation and market cap data, see Phillips 66 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €762.24 Million ≈ $891.14 Million |
+13.38% |
| 2023-12-31 | €672.30 Million ≈ $786.00 Million |
-2.67% |
| 2022-12-31 | €690.78 Million ≈ $807.59 Million |
-1.56% |
| 2021-12-31 | €701.73 Million ≈ $820.40 Million |
+10.07% |
| 2020-12-31 | €637.53 Million ≈ $745.34 Million |
-19.94% |
| 2019-12-31 | €796.35 Million ≈ $931.02 Million |
-58.34% |
| 2018-12-31 | €1.91 Billion ≈ $2.23 Billion |
-37.03% |
| 2017-12-31 | €3.04 Billion ≈ $3.55 Billion |
-14.05% |
| 2016-12-31 | €3.53 Billion ≈ $4.13 Billion |
-24.03% |
| 2015-12-31 | €4.65 Billion ≈ $5.44 Billion |
-11.49% |
| 2014-12-31 | €5.25 Billion ≈ $6.14 Billion |
+0.05% |
| 2013-12-31 | €5.25 Billion ≈ $6.14 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Phillips 66'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 decreased by 91.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €331.75 Million | 43.74% |
| Other Components | €426.80 Million | 56.26% |
| Total Equity | €758.55 Million | 100.00% |
Phillips 66 Competitors by Market Cap
The table below lists competitors of Phillips 66 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Koryo Credit Information Co. Ltd
KQ:049720
|
$95.02 Million |
|
Alcidion Group Ltd
AU:ALC
|
$95.02 Million |
|
Sao Ta Foods JSC
VN:FMC
|
$95.03 Million |
|
Largo Resources Ltd
TO:LGO
|
$95.03 Million |
|
Netas Telekomunikasyon AS
IS:NETAS
|
$94.94 Million |
|
Tan Chong Motor Holdings Bhd
KLSE:4405
|
$94.89 Million |
|
Dana Brata Luhur PT
JK:TEBE
|
$94.87 Million |
|
Triple i Logistics Public Company Limited
BK:III
|
$94.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phillips 66's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 668,084,000 to 758,549,000, a change of 90,465,000 (13.5%).
- Net income of 106,597,000 contributed positively to equity growth.
- Dividend payments of 17,930,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €106.60 Million | +14.05% |
| Dividends Paid | €17.93 Million | -2.36% |
| Other Changes | €1.80 Million | +0.24% |
| Total Change | €- | 13.54% |
Book Value vs Market Value Analysis
This analysis compares Phillips 66'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: 0.12x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.74 | €0.04 | x |
| 2018-12-31 | €1.08 | €0.04 | x |
| 2019-12-31 | €0.42 | €0.04 | x |
| 2020-12-31 | €0.29 | €0.04 | x |
| 2021-12-31 | €0.33 | €0.04 | x |
| 2022-12-31 | €0.32 | €0.04 | x |
| 2023-12-31 | €0.34 | €0.04 | x |
| 2024-12-31 | €0.38 | €0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phillips 66 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): 14.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.07%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.23x
- Recent ROE (14.05%) is above the historical average (-22.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 6.53% | 3.15% | 1.34x | 1.55x | €-175.23 Million |
| 2014 | 3.48% | 1.70% | 1.35x | 1.51x | €-329.76 Million |
| 2015 | -8.49% | -4.52% | 1.24x | 1.52x | €-825.15 Million |
| 2016 | -24.30% | -12.60% | 1.29x | 1.50x | €-1.16 Billion |
| 2017 | -25.54% | -14.09% | 1.25x | 1.44x | €-1.02 Billion |
| 2018 | -55.87% | -24.09% | 1.39x | 1.67x | €-1.17 Billion |
| 2019 | -154.48% | -50.33% | 1.73x | 1.78x | €-1.14 Billion |
| 2020 | -45.81% | -66.49% | 0.42x | 1.63x | €-294.81 Million |
| 2021 | 8.94% | 49.87% | 0.13x | 1.42x | €-6.28 Million |
| 2022 | 7.36% | 21.58% | 0.23x | 1.49x | €-15.50 Million |
| 2023 | 9.35% | 23.77% | 0.32x | 1.22x | €-4.37 Million |
| 2024 | 14.05% | 33.07% | 0.35x | 1.23x | €30.74 Million |
Industry Comparison
This section compares Phillips 66's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $33,526,832,400
- Average return on equity (ROE) among peers: 14.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phillips 66 (PSX) | €787.80 Million | 6.53% | 0.17x | $94.97 Million |
| 361 Degrees International Limited (36L) | $7.57 Billion | 5.49% | 0.54x | $1.38 Billion |
| adidas AG (ADS) | $7.06 Billion | 28.00% | 1.93x | $28.67 Billion |
| adidas AG (ADS1) | $6.36 Billion | 26.74% | 1.45x | $28.57 Billion |
| ASICS CORP.(UNSP.ADR)/1 (ASI) | $146.53 Billion | 6.42% | 1.36x | $17.00 Billion |
| PUMA SE (PUM) | $112.17 Million | 7.49% | 1.38x | $2.72 Billion |
About Phillips 66
Daphne International Holdings Limited, an investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China. The company offers footwear products, such as ladies' dress shoes and casual shoes under the Daphne brand name through offline and online channels. It is also involved in the property and trademark holding businesses. The co… Read more