Advanced Drainage Systems Inc (WMS) - Net Assets
Based on the latest financial reports, Advanced Drainage Systems Inc (WMS) has net assets worth $1.93 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.08 Billion) and total liabilities ($2.15 Billion). 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 Advanced Drainage Systems Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.93 Billion |
| % of Total Assets | 47.29% |
| Annual Growth Rate | 14.24% |
| 5-Year Change | 53.82% |
| 10-Year Change | 487.88% |
| Growth Volatility | 29.93 |
Advanced Drainage Systems Inc - Net Assets Trend (2012–2025)
This chart illustrates how Advanced Drainage Systems Inc's net assets have evolved over time, based on quarterly financial data. Also explore WMS total assets for the complete picture of this company's asset base.
Annual Net Assets for Advanced Drainage Systems Inc (2012–2025)
The table below shows the annual net assets of Advanced Drainage Systems Inc from 2012 to 2025. For live valuation and market cap data, see Advanced Drainage Systems Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.64 Billion | +27.73% |
| 2024-03-31 | $1.28 Billion | +28.73% |
| 2023-03-31 | $994.86 Million | -9.97% |
| 2022-03-31 | $1.11 Billion | +3.91% |
| 2021-03-31 | $1.06 Billion | +35.54% |
| 2020-03-31 | $784.58 Million | +56.72% |
| 2019-03-31 | $500.63 Million | +17.70% |
| 2018-03-31 | $425.34 Million | +24.29% |
| 2017-03-31 | $342.21 Million | +22.99% |
| 2016-03-31 | $278.25 Million | -11.55% |
| 2015-03-31 | $314.60 Million | +78.47% |
| 2014-03-31 | $176.28 Million | -45.36% |
| 2013-03-31 | $322.62 Million | +11.36% |
| 2012-03-31 | $289.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Advanced Drainage Systems Inc'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 1246.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.49 Billion | 92.25% |
| Common Stock | $104.35 Million | 6.45% |
| Other Comprehensive Income | $-37.18 Million | -2.30% |
| Other Components | $58.29 Million | 3.60% |
| Total Equity | $1.62 Billion | 100.00% |
Advanced Drainage Systems Inc Competitors by Market Cap
The table below lists competitors of Advanced Drainage Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globe Life Inc
NYSE:GL
|
$11.46 Billion |
|
Hong Leong Bank Bhd
KLSE:5819
|
$11.46 Billion |
|
Zhengzhou Yutong Bus Co Ltd
SHG:600066
|
$11.47 Billion |
|
Vedanta Limited
NSE:VEDL
|
$11.48 Billion |
|
Tongwei Co Ltd
SHG:600438
|
$11.44 Billion |
|
360 Security Technology Inc
SHG:601360
|
$11.44 Billion |
|
Cipla Limited
NSE:CIPLA
|
$11.44 Billion |
|
Washington H Soul Pattinson & Company Ltd
AU:SOL
|
$11.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advanced Drainage Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,261,897,000 to 1,618,088,000, a change of 356,191,000 (28.2%).
- Net income of 450,172,000 contributed positively to equity growth.
- Dividend payments of 49,737,000 reduced retained earnings.
- Share repurchases of 69,922,000 reduced equity.
- Other comprehensive income decreased equity by 7,348,000.
- Other factors increased equity by 33,026,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $450.17 Million | +27.82% |
| Dividends Paid | $49.74 Million | -3.07% |
| Share Repurchases | $69.92 Million | -4.32% |
| Other Comprehensive Income | $-7.35 Million | -0.45% |
| Other Changes | $33.03 Million | +2.04% |
| Total Change | $- | 28.23% |
Book Value vs Market Value Analysis
This analysis compares Advanced Drainage Systems Inc'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: 7.12x
- 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 30.07x to 7.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | $4.90 | $147.31 | x |
| 2013-03-31 | $5.45 | $147.31 | x |
| 2014-03-31 | $4.00 | $147.31 | x |
| 2015-03-31 | $3.66 | $147.31 | x |
| 2016-03-31 | $5.61 | $147.31 | x |
| 2017-03-31 | $5.88 | $147.31 | x |
| 2018-03-31 | $7.25 | $147.31 | x |
| 2019-03-31 | $8.45 | $147.31 | x |
| 2020-03-31 | $12.11 | $147.31 | x |
| 2021-03-31 | $14.67 | $147.31 | x |
| 2022-03-31 | $14.93 | $147.31 | x |
| 2023-03-31 | $11.73 | $147.31 | x |
| 2024-03-31 | $15.97 | $147.31 | x |
| 2025-03-31 | $20.69 | $147.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advanced Drainage Systems Inc 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): 27.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.50%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 2.28x
- Recent ROE (27.82%) is above the historical average (16.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 16.08% | 4.27% | 1.12x | 3.36x | $16.35 Million |
| 2013 | 6.90% | 2.03% | 1.12x | 3.03x | $-9.28 Million |
| 2014 | 4.99% | 1.04% | 1.14x | 4.20x | $-11.18 Million |
| 2015 | 4.53% | 0.73% | 1.13x | 5.48x | $-10.40 Million |
| 2016 | 9.02% | 2.23% | 1.17x | 3.44x | $-2.87 Million |
| 2017 | 10.07% | 2.62% | 1.20x | 3.20x | $219.90K |
| 2018 | 15.17% | 4.66% | 1.28x | 2.55x | $21.14 Million |
| 2019 | 15.98% | 5.62% | 1.33x | 2.14x | $29.11 Million |
| 2020 | -25.00% | -11.54% | 0.71x | 3.07x | $-270.46 Million |
| 2021 | 21.36% | 11.31% | 0.82x | 2.30x | $119.26 Million |
| 2022 | 24.93% | 9.80% | 1.05x | 2.43x | $162.49 Million |
| 2023 | 51.88% | 16.51% | 1.06x | 2.97x | $409.35 Million |
| 2024 | 40.41% | 17.74% | 0.88x | 2.59x | $383.73 Million |
| 2025 | 27.82% | 15.50% | 0.79x | 2.28x | $288.36 Million |
Industry Comparison
This section compares Advanced Drainage Systems Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $706,353,029
- Average return on equity (ROE) among peers: -11.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advanced Drainage Systems Inc (WMS) | $1.93 Billion | 16.08% | 1.11x | $11.46 Billion |
| AAON Inc (AAON) | $237.23 Million | 22.97% | 0.25x | $7.43 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $49.56 Million | -179.09% | 2.59x | $621.73K |
| Montana Technologies Corporation (AIRJ) | $284.10 Million | -0.98% | 0.04x | $212.76 Million |
| Apogee Enterprises Inc (APOG) | $140.40 Million | 12.68% | 1.75x | $780.82 Million |
| Alpha Pro Tech Ltd (APT) | $33.23 Million | 9.03% | 0.15x | $44.96 Million |
| Arlo Technologies (ARLO) | $100.91 Million | -30.23% | 1.96x | $1.44 Billion |
| Aspen Aerogels Inc (ASPN) | $58.99 Million | -8.07% | 0.75x | $291.74 Million |
| Armstrong World Industries Inc (AWI) | $691.00 Million | 2.07% | 5.03x | $7.27 Billion |
| Azek Company Inc (AZEK) | $505.55 Million | 1.33% | 2.52x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $4.96 Billion | 55.40% | 1.14x | $8.37 Billion |
About Advanced Drainage Systems Inc
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally. It operates through Pipe, Infiltrator, International, and Allied Products & Other segments. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield c… Read more