China Tianrui Group Cement Company Limited (T18) - Net Assets
Based on the latest financial reports, China Tianrui Group Cement Company Limited (T18) has net assets worth €16.08 Billion EUR (≈ $18.80 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€36.35 Billion ≈ $42.50 Billion USD) and total liabilities (€20.27 Billion ≈ $23.70 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 how resilient are China Tianrui Group Cement Company Limit's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €16.08 Billion |
| % of Total Assets | 44.24% |
| Annual Growth Rate | 9.66% |
| 5-Year Change | 7.78% |
| 10-Year Change | N/A |
| Growth Volatility | 10.12 |
China Tianrui Group Cement Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how China Tianrui Group Cement Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of China Tianrui Group Cement Company Limit for the complete picture of this company's asset base.
Annual Net Assets for China Tianrui Group Cement Company Limited (2016–2024)
The table below shows the annual net assets of China Tianrui Group Cement Company Limited from 2016 to 2024. For live valuation and market cap data, see T18 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €15.98 Billion ≈ $18.68 Billion |
+1.20% |
| 2023-12-31 | €15.79 Billion ≈ $18.46 Billion |
-4.85% |
| 2022-12-31 | €16.59 Billion ≈ $19.40 Billion |
+3.25% |
| 2021-12-31 | €16.07 Billion ≈ $18.79 Billion |
+8.40% |
| 2020-12-31 | €14.82 Billion ≈ $17.33 Billion |
+14.24% |
| 2019-12-31 | €12.98 Billion ≈ $15.17 Billion |
+17.12% |
| 2018-12-31 | €11.08 Billion ≈ $12.95 Billion |
+11.51% |
| 2017-12-31 | €9.94 Billion ≈ $11.62 Billion |
+30.05% |
| 2016-12-31 | €7.64 Billion ≈ $8.93 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to China Tianrui Group Cement Company Limited'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 89.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €11.15 Billion | 70.87% |
| Other Components | €4.58 Billion | 29.13% |
| Total Equity | €15.74 Billion | 100.00% |
China Tianrui Group Cement Company Limited Competitors by Market Cap
The table below lists competitors of China Tianrui Group Cement Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Upexi Inc.
NASDAQ:UPXI
|
$72.12 Million |
|
Unitech Electronics Co. Ltd.
TW:3652
|
$72.16 Million |
|
Copartner Technology Corp
TW:3550
|
$72.17 Million |
|
Tecnotree Oyj
HE:TEM1V
|
$72.17 Million |
|
Lee Chi Enterprises Co Ltd
TW:1517
|
$72.08 Million |
|
Kjell Group AB
ST:KJELL
|
$72.08 Million |
|
Cosmax Nbt Inc
KQ:222040
|
$72.02 Million |
|
Tainet Communication System
TWO:4905
|
$72.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Tianrui Group Cement Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,466,436,000 to 15,736,988,000, a change of 270,552,000 (1.7%).
- Net income of 279,412,000 contributed positively to equity growth.
- New share issuances of 42,325,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €279.41 Million | +1.78% |
| Share Issuances | €42.33 Million | +0.27% |
| Other Changes | €-51.19 Million | -0.33% |
| Total Change | €- | 1.75% |
Book Value vs Market Value Analysis
This analysis compares China Tianrui Group Cement Company Limited'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: 0.00x
- 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 | €3.34 | €0.02 | x |
| 2018-12-31 | €3.75 | €0.02 | x |
| 2019-12-31 | €4.37 | €0.02 | x |
| 2020-12-31 | €5.00 | €0.02 | x |
| 2021-12-31 | €5.41 | €0.02 | x |
| 2022-12-31 | €5.55 | €0.02 | x |
| 2023-12-31 | €5.26 | €0.02 | x |
| 2024-12-31 | €5.36 | €0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Tianrui Group Cement Company Limited 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): 1.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.57%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 2.36x
- Recent ROE (1.78%) is below the historical average (6.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.81% | 4.92% | 0.25x | 3.11x | €-480.03 Million |
| 2017 | 10.20% | 11.90% | 0.33x | 2.64x | €19.68 Million |
| 2018 | 11.01% | 12.05% | 0.35x | 2.59x | €110.78 Million |
| 2019 | 14.17% | 15.05% | 0.37x | 2.52x | €535.47 Million |
| 2020 | 12.66% | 15.29% | 0.38x | 2.21x | €391.18 Million |
| 2021 | 7.56% | 9.44% | 0.39x | 2.06x | €-387.77 Million |
| 2022 | 2.75% | 4.06% | 0.34x | 1.98x | €-1.18 Billion |
| 2023 | -4.10% | -8.04% | 0.19x | 2.62x | €-2.18 Billion |
| 2024 | 1.78% | 4.57% | 0.16x | 2.36x | €-1.29 Billion |
Industry Comparison
This section compares China Tianrui Group Cement Company Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $60,467,040,492
- Average return on equity (ROE) among peers: 14.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Tianrui Group Cement Company Limited (T18) | €16.08 Billion | 3.81% | 1.26x | $72.09 Million |
| Asia Cement (China) Holdings Corporation (4OJ) | $9.48 Billion | 8.68% | 0.83x | $404.25 Million |
| TECNOGLASS INC. DL-0001 (7FH) | $350.32 Million | 44.46% | 1.10x | $1.70 Billion |
| ROCCA SA ZY -05 (82J) | $3.02 Million | 62.05% | 0.41x | $5.96 Million |
| Loma Negra Compañía Industrial Argentina Sociedad Anónima (8LN) | $115.95 Billion | 1.67% | 0.75x | $1.23 Billion |
| BBMG Corporation (9BM) | $92.12 Billion | -0.60% | 1.87x | $199.60 Million |
| Anhui Conch Cement Company Limited (AQE) | $191.83 Billion | 17.34% | 0.20x | $3.14 Billion |
| Cemex SAB de CV ADR (CEXA) | $0.00 | 0.00% | 0.00x | $14.44 Billion |
| China National Building Material Company Limited (D1Y) | $193.51 Billion | 2.28% | 1.53x | $2.38 Billion |
| Cementos Pacasmayo S.A.A (EPCC) | $1.20 Billion | 12.81% | 1.68x | $766.31 Million |
| Pilkington Deutschland AG (FDD) | $238.95 Million | 0.04% | 1.04x | $693.86 Million |
About China Tianrui Group Cement Company Limited
China Tianrui Group Cement Company Limited, an investment holding company, engages in the manufacture and sale of cement, clinker, and limestone aggregates in the People's Republic of China. It also offers sand and gravel aggregates; and concrete, packing bags, construction materials, cement packaging, and slag powder, as well as engages in the mining and the sale of limestone. It sells its produ… Read more