Ruffer Investment Company Limited (RICA) - Net Assets
Based on the latest financial reports, Ruffer Investment Company Limited (RICA) has net assets worth GBX888.20 Million GBX (≈ $108.07K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX893.93 Million ≈ $108.77K USD) and total liabilities (GBX5.74 Million ≈ $697.90 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 financial resilience of Ruffer Investment Company Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX888.20 Million |
| % of Total Assets | 99.36% |
| Annual Growth Rate | 10.81% |
| 5-Year Change | 54.24% |
| 10-Year Change | 167.94% |
| Growth Volatility | 27.74 |
Ruffer Investment Company Limited - Net Assets Trend (2006–2025)
This chart illustrates how Ruffer Investment Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore RICA current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ruffer Investment Company Limited (2006–2025)
The table below shows the annual net assets of Ruffer Investment Company Limited from 2006 to 2025. For live valuation and market cap data, see Ruffer Investment Company Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX888.20 Million ≈ $108.07K |
-12.90% |
| 2024-06-30 | GBX1.02 Billion ≈ $124.07K |
-6.62% |
| 2023-06-30 | GBX1.09 Billion ≈ $132.87K |
+14.62% |
| 2022-06-30 | GBX952.78 Million ≈ $115.93K |
+65.46% |
| 2021-06-30 | GBX575.85 Million ≈ $70.06K |
+29.66% |
| 2020-06-30 | GBX444.11 Million ≈ $54.04K |
+9.31% |
| 2019-06-30 | GBX406.27 Million ≈ $49.43K |
-0.01% |
| 2018-06-30 | GBX406.31 Million ≈ $49.44K |
+8.18% |
| 2017-06-30 | GBX375.60 Million ≈ $45.70K |
+13.31% |
| 2016-06-30 | GBX331.48 Million ≈ $40.33K |
-1.70% |
| 2015-06-30 | GBX337.22 Million ≈ $41.03K |
+6.03% |
| 2014-06-30 | GBX318.04 Million ≈ $38.70K |
-0.34% |
| 2013-06-30 | GBX319.11 Million ≈ $38.83K |
+17.80% |
| 2012-06-30 | GBX270.88 Million ≈ $32.96K |
+9.12% |
| 2011-06-30 | GBX248.25 Million ≈ $30.20K |
+96.44% |
| 2006-06-30 | GBX126.38 Million ≈ $15.38K |
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Equity Component Analysis
This analysis shows how different components contribute to Ruffer Investment 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | GBX888.20 Million | 100.00% |
| Total Equity | GBX888.20 Million | 100.00% |
Ruffer Investment Company Limited Competitors by Market Cap
The table below lists competitors of Ruffer Investment Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KOAS Co. Ltd
KO:071950
|
$11.09 Million |
|
Walker River Resources Corp.
V:WRR
|
$11.11 Million |
|
Patria Private Equity Trust
LSE:PPET
|
$11.12 Million |
|
Concord Medical Services Holdings
NYSE:CCM
|
$11.12 Million |
|
Energy Focu
NASDAQ:EFOI
|
$11.08 Million |
|
Baltic Classifieds Group PLC
LSE:BCG
|
$11.07 Million |
|
Ynvisible Interactive Inc
V:YNV
|
$11.07 Million |
|
B.A.G Films and Media Limited
NSE:BAGFILMS
|
$11.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ruffer Investment Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,019,738,821 to 888,196,005, a change of -131,542,816 (-12.9%).
- Net income of 41,709,886 contributed positively to equity growth.
- Dividend payments of 19,765,419 reduced retained earnings.
- Share repurchases of 155,551,337 reduced equity.
- Other comprehensive income decreased equity by 277,641,336.
- Other factors increased equity by 279,705,390.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX41.71 Million | +4.7% |
| Dividends Paid | GBX19.77 Million | -2.23% |
| Share Repurchases | GBX155.55 Million | -17.51% |
| Other Comprehensive Income | GBX-277.64 Million | -31.26% |
| Other Changes | GBX279.71 Million | +31.49% |
| Total Change | GBX- | -12.90% |
Book Value vs Market Value Analysis
This analysis compares Ruffer Investment 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: 115.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 226.90x to 115.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | GBX1.36 | GBX309.00 | x |
| 2011-06-30 | GBX2.09 | GBX309.00 | x |
| 2012-06-30 | GBX2.03 | GBX309.00 | x |
| 2013-06-30 | GBX2.21 | GBX309.00 | x |
| 2014-06-30 | GBX2.08 | GBX309.00 | x |
| 2015-06-30 | GBX2.19 | GBX309.00 | x |
| 2016-06-30 | GBX2.13 | GBX309.00 | x |
| 2017-06-30 | GBX2.37 | GBX309.00 | x |
| 2018-06-30 | GBX2.38 | GBX309.00 | x |
| 2019-06-30 | GBX2.25 | GBX309.00 | x |
| 2020-06-30 | GBX2.44 | GBX309.00 | x |
| 2021-06-30 | GBX3.08 | GBX309.00 | x |
| 2022-06-30 | GBX3.81 | GBX309.00 | x |
| 2023-06-30 | GBX3.02 | GBX309.00 | x |
| 2024-06-30 | GBX2.70 | GBX309.00 | x |
| 2025-06-30 | GBX2.69 | GBX309.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ruffer Investment 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): 4.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 62.53%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.01x
- Recent ROE (4.70%) is above the historical average (3.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1.57% | 64.82% | 0.02x | 1.01x | GBX-10.65 Million |
| 2011 | 7.70% | 92.36% | 0.08x | 1.01x | GBX-5.70 Million |
| 2012 | -0.57% | -1965.40% | 0.00x | 1.01x | GBX-28.64 Million |
| 2013 | 11.44% | 95.74% | 0.12x | 1.01x | GBX4.58 Million |
| 2014 | -2.03% | 0.00% | -0.02x | 1.01x | GBX-38.26 Million |
| 2015 | 6.98% | 94.33% | 0.07x | 1.00x | GBX-10.19 Million |
| 2016 | -1.05% | 0.00% | -0.01x | 1.04x | GBX-36.64 Million |
| 2017 | 7.66% | 95.03% | 0.08x | 1.01x | GBX-8.79 Million |
| 2018 | 0.92% | 69.67% | 0.01x | 1.01x | GBX-36.90 Million |
| 2019 | -1.22% | 0.00% | -0.01x | 1.01x | GBX-45.59 Million |
| 2020 | 9.27% | 108.92% | 0.08x | 1.02x | GBX-3.23 Million |
| 2021 | 11.77% | 112.51% | 0.10x | 1.01x | GBX10.20 Million |
| 2022 | 3.11% | 88.18% | 0.03x | 1.02x | GBX-65.67 Million |
| 2023 | -3.15% | -51.20% | 0.06x | 1.00x | GBX-143.62 Million |
| 2024 | 1.00% | 51.94% | 0.02x | 1.01x | GBX-91.81 Million |
| 2025 | 4.70% | 62.53% | 0.07x | 1.01x | GBX-47.11 Million |
Industry Comparison
This section compares Ruffer Investment Company Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $420,069,800
- Average return on equity (ROE) among peers: -11.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ruffer Investment Company Limited (RICA) | GBX888.20 Million | 1.57% | 0.01x | $11.09 Million |
| 3I Infrastructure PLC (3IN) | $2.27 Billion | 9.87% | 0.01x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $26.93 Million | 2.38% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $123.37 Million | 11.99% | 0.13x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $383.74 Million | 15.87% | 0.12x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $92.02 Million | 11.05% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $250.00 Million | -182.40% | 407.06x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $382.54 Million | 14.91% | 0.21x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $417.44 Million | 6.38% | 0.01x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $158.28 Million | -8.46% | 0.01x | $401.50 |
About Ruffer Investment Company Limited
Ruffer Investment Company Limited is a closed-ended balanced mutual fund of funds launched and managed by Ruffer AIFM Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests either directly or through other funds in quoted equities or equity related securiti… Read more