Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) - Net Assets
Based on the latest financial reports, Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) has net assets worth $35.27 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($59.45 Million) and total liabilities ($24.18 Million). 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 tangible net worth ratio of Erayak Power Solution Group Inc. Class A to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $35.27 Million |
| % of Total Assets | 59.32% |
| Annual Growth Rate | 82.0% |
| 5-Year Change | 411.52% |
| 10-Year Change | N/A |
| Growth Volatility | 88.36 |
Erayak Power Solution Group Inc. Class A Ordinary Shares - Net Assets Trend (2019–2025)
This chart illustrates how Erayak Power Solution Group Inc. Class A Ordinary Shares's net assets have evolved over time, based on quarterly financial data. See RAYA days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Erayak Power Solution Group Inc. Class A Ordinary Shares (2019–2025)
The table below shows the annual net assets of Erayak Power Solution Group Inc. Class A Ordinary Shares from 2019 to 2025. For live valuation and market cap data, see RAYA company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $35.27 Million | +32.65% |
| 2024-12-31 | $26.59 Million | +31.60% |
| 2023-12-31 | $20.20 Million | +4.44% |
| 2022-12-31 | $19.34 Million | +180.58% |
| 2021-12-31 | $6.89 Million | +104.19% |
| 2020-12-31 | $3.38 Million | +248.27% |
| 2019-12-31 | $969.47K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Erayak Power Solution Group Inc. Class A Ordinary Shares'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 655892500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.55 Million | 18.57% |
| Common Stock | $19.69K | 0.06% |
| Other Comprehensive Income | $858.98K | 2.44% |
| Other Components | $27.84 Million | 78.94% |
| Total Equity | $35.27 Million | 100.00% |
Erayak Power Solution Group Inc. Class A Ordinary Shares Competitors by Market Cap
The table below lists competitors of Erayak Power Solution Group Inc. Class A Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Commander Resources Ltd
V:CMD
|
$3.04 Million |
|
Railway Metrics & Dynamics Sweden AB
ST:RMDX
|
$3.04 Million |
|
Zonetail Inc
V:ZONE
|
$3.04 Million |
|
ValiRx plc
LSE:VAL
|
$3.05 Million |
|
VCI Global Limited Ordinary Share
NASDAQ:VCIG
|
$3.04 Million |
|
Clean & Carbon Energy S.A.
WAR:CCE
|
$3.04 Million |
|
Westar Resources Ltd
AU:WSR
|
$3.04 Million |
|
Sultan Resources Ltd
AU:SLZ
|
$3.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Erayak Power Solution Group Inc. Class A Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,585,735 to 35,265,868, a change of 8,680,133 (32.6%).
- Net loss of 1,389,937 reduced equity.
- New share issuances of 9,272,500 increased equity.
- Other comprehensive income increased equity by 980,773.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.39 Million | -3.94% |
| Share Issuances | $9.27 Million | +26.29% |
| Other Comprehensive Income | $980.77K | +2.78% |
| Other Changes | $-183.20K | -0.52% |
| Total Change | $- | 32.65% |
Book Value vs Market Value Analysis
This analysis compares Erayak Power Solution Group Inc. Class A Ordinary Shares'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.
- The price-to-book ratio has decreased from 38.50x to 0.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.08 | $3.11 | x |
| 2020-12-31 | $0.28 | $3.11 | x |
| 2021-12-31 | $0.57 | $3.11 | x |
| 2022-12-31 | $1.61 | $3.11 | x |
| 2023-12-31 | $1.68 | $3.11 | x |
| 2024-12-31 | $1.78 | $3.11 | x |
| 2025-12-31 | $6921.66 | $3.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Erayak Power Solution Group Inc. Class A Ordinary Shares 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): -3.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.08%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.69x
- Recent ROE (-3.94%) is below the historical average (32.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 98.11% | 10.63% | 0.67x | 13.85x | $854.24K |
| 2020 | 65.55% | 15.67% | 0.64x | 6.55x | $1.88 Million |
| 2021 | 49.24% | 18.22% | 0.79x | 3.40x | $2.71 Million |
| 2022 | 17.97% | 12.92% | 0.72x | 1.94x | $1.54 Million |
| 2023 | 6.03% | 6.00% | 0.58x | 1.75x | $-801.49K |
| 2024 | -4.20% | -3.68% | 0.66x | 1.73x | $-3.77 Million |
| 2025 | -3.94% | -6.08% | 0.38x | 1.69x | $-4.92 Million |
Industry Comparison
This section compares Erayak Power Solution Group Inc. Class A Ordinary Shares's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $236,071,401
- Average return on equity (ROE) among peers: -129.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) | $35.27 Million | 98.11% | 0.69x | $3.04 Million |
| Advent Technologies Holdings Inc (ADN) | $13.45 Million | -530.91% | 1.58x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $1.69 Million | -712.54% | 36.25x | $843.77 Million |
| Advanced Energy Industries Inc (AEIS) | $89.13 Million | -10.68% | 0.13x | $13.33 Billion |
| Amprius Technologies Inc. (AMPX) | $59.80 Million | -61.50% | 0.80x | $2.19 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $82.70 Million | -7.26% | 0.67x | $56.90 Million |
| Atkore International Group Inc (ATKR) | $156.28 Million | -3.17% | 6.13x | $2.52 Billion |
| Acuity Brands Inc (AYI) | $1.16 Billion | 15.11% | 0.86x | $8.75 Billion |
| Bloom Energy Corp (BE) | $792.96 Million | -11.15% | 4.54x | $74.98 Billion |
| CBAK Energy Technology Inc (CBAT) | $-3.94K | 0.00% | 0.00x | $59.84 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $1.21 Million | 24.38% | 0.74x | $2.20 Million |
About Erayak Power Solution Group Inc. Class A Ordinary Shares
Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, wholesale, and retail of power solution products in China, the United Kingdom, Mexico, Poland, Portugal, and internationally. The company offers sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products, as well as por… Read more