REC Silicon ASA (RECSI) - Net Assets
Based on the latest financial reports, REC Silicon ASA (RECSI) has net assets worth Nkr-440.50 Million NOK (≈ $-46.35 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr141.80 Million ≈ $14.92 Million USD) and total liabilities (Nkr582.30 Million ≈ $61.27 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 asset resilience ratio of REC Silicon ASA to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr-440.50 Million |
| % of Total Assets | -310.65% |
| Annual Growth Rate | N/A |
| 5-Year Change | -1422.82% |
| 10-Year Change | -156.33% |
| Growth Volatility | 1528.94 |
REC Silicon ASA - Net Assets Trend (2002–2025)
This chart illustrates how REC Silicon ASA's net assets have evolved over time, based on quarterly financial data. Also explore RECSI asset base for the complete picture of this company's asset base.
Annual Net Assets for REC Silicon ASA (2002–2025)
The table below shows the annual net assets of REC Silicon ASA from 2002 to 2025. For live valuation and market cap data, see RECSI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr-440.50 Million ≈ $-46.35 Million |
-16.50% |
| 2024-12-31 | Nkr-378.10 Million ≈ $-39.79 Million |
-594.90% |
| 2023-12-31 | Nkr76.40 Million ≈ $8.04 Million |
+26.49% |
| 2022-12-31 | Nkr60.40 Million ≈ $6.36 Million |
+81.38% |
| 2021-12-31 | Nkr33.30 Million ≈ $3.50 Million |
-43.56% |
| 2020-12-31 | Nkr59.00 Million ≈ $6.21 Million |
+7275.00% |
| 2019-12-31 | Nkr800.00K ≈ $84.18K |
-99.25% |
| 2018-12-31 | Nkr106.70 Million ≈ $11.23 Million |
-76.23% |
| 2017-12-31 | Nkr448.90 Million ≈ $47.24 Million |
-42.60% |
| 2016-12-31 | Nkr782.00 Million ≈ $82.29 Million |
-15.09% |
| 2015-12-31 | Nkr921.00 Million ≈ $96.92 Million |
-12.65% |
| 2014-12-31 | Nkr1.05 Billion ≈ $110.95 Million |
+10.26% |
| 2013-12-31 | Nkr956.32 Million ≈ $100.63 Million |
-25.17% |
| 2012-12-31 | Nkr1.28 Billion ≈ $134.48 Million |
-37.44% |
| 2011-12-31 | Nkr2.04 Billion ≈ $214.94 Million |
-45.79% |
| 2010-12-31 | Nkr3.77 Billion ≈ $396.49 Million |
+29.13% |
| 2009-12-31 | Nkr2.92 Billion ≈ $307.05 Million |
+23.22% |
| 2008-12-31 | Nkr2.37 Billion ≈ $249.18 Million |
+9.61% |
| 2007-12-31 | Nkr2.16 Billion ≈ $227.34 Million |
+26.44% |
| 2006-12-31 | Nkr1.71 Billion ≈ $179.80 Million |
+836.18% |
| 2005-12-31 | Nkr182.52 Million ≈ $19.21 Million |
+13.94% |
| 2004-12-31 | Nkr160.19 Million ≈ $16.86 Million |
+105.53% |
| 2003-12-31 | Nkr77.94 Million ≈ $8.20 Million |
+139.20% |
| 2002-12-31 | Nkr32.58 Million ≈ $3.43 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to REC Silicon ASA'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 1193946860.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr3.03 Billion | % |
| Total Equity | Nkr-440.60 Million | 100.00% |
REC Silicon ASA Competitors by Market Cap
The table below lists competitors of REC Silicon ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OFAL
NASDAQ:OFAL
|
$10.59 Million |
|
SiamEast Solutions Public Company Limited
BK:SE
|
$10.59 Million |
|
Fantagio Corp
KQ:032800
|
$10.59 Million |
|
Green Technology Metals Ltd
AU:GT1
|
$10.59 Million |
|
Loyal Textile Mills Limited
NSE:LOYALTEX
|
$10.57 Million |
|
Aksara Global Development Tbk PT
JK:GAMA
|
$10.56 Million |
|
SciDev Limited
F:INFA
|
$10.56 Million |
|
Intelicare Holdings Ltd
AU:ICR
|
$10.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in REC Silicon ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -378,100,000 to -440,600,000, a change of -62,500,000.
- Net loss of 63,000,000 reduced equity.
- Other comprehensive income decreased equity by 573,199,999.
- Other factors increased equity by 573,699,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-63.00 Million | -14.3% |
| Other Comprehensive Income | Nkr-573.20 Million | -130.1% |
| Other Changes | Nkr573.70 Million | +130.21% |
| Total Change | Nkr- | % |
Book Value vs Market Value Analysis
This analysis compares REC Silicon ASA'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Nkr0.90 | Nkr0.24 | x |
| 2003-12-31 | Nkr1.74 | Nkr0.24 | x |
| 2004-12-31 | Nkr3.61 | Nkr0.24 | x |
| 2005-12-31 | Nkr3.87 | Nkr0.24 | x |
| 2006-12-31 | Nkr24.66 | Nkr0.24 | x |
| 2007-12-31 | Nkr27.94 | Nkr0.24 | x |
| 2008-12-31 | Nkr30.60 | Nkr0.24 | x |
| 2009-12-31 | Nkr34.73 | Nkr0.24 | x |
| 2010-12-31 | Nkr35.55 | Nkr0.24 | x |
| 2011-12-31 | Nkr14.46 | Nkr0.24 | x |
| 2012-12-31 | Nkr7.75 | Nkr0.24 | x |
| 2013-12-31 | Nkr4.13 | Nkr0.24 | x |
| 2014-12-31 | Nkr4.56 | Nkr0.24 | x |
| 2015-12-31 | Nkr3.81 | Nkr0.24 | x |
| 2016-12-31 | Nkr3.07 | Nkr0.24 | x |
| 2017-12-31 | Nkr1.76 | Nkr0.24 | x |
| 2018-12-31 | Nkr0.42 | Nkr0.24 | x |
| 2019-12-31 | Nkr0.00 | Nkr0.24 | x |
| 2020-12-31 | Nkr0.20 | Nkr0.24 | x |
| 2021-12-31 | Nkr0.09 | Nkr0.24 | x |
| 2022-12-31 | Nkr0.14 | Nkr0.24 | x |
| 2023-12-31 | Nkr0.18 | Nkr0.24 | x |
| 2024-12-31 | Nkr-0.90 | Nkr0.24 | x |
| 2025-12-31 | Nkr-1.05 | Nkr0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently REC Silicon ASA 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -80.56%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-701.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -62.00% | -1742.88% | 0.02x | 1.93x | Nkr-21.37 Million |
| 2003 | -35.83% | -46.11% | 0.20x | 3.87x | Nkr-26.31 Million |
| 2004 | -5.50% | -3.39% | 0.70x | 2.32x | Nkr-22.31 Million |
| 2005 | 0.32% | 0.16% | 0.40x | 4.93x | Nkr-17.67 Million |
| 2006 | 4.31% | 10.58% | 0.29x | 1.39x | Nkr-97.24 Million |
| 2007 | 11.34% | 20.07% | 0.37x | 1.53x | Nkr28.97 Million |
| 2008 | 18.56% | 37.41% | 0.27x | 1.83x | Nkr202.63 Million |
| 2009 | -13.88% | -25.63% | 0.27x | 2.02x | Nkr-696.80 Million |
| 2010 | 4.46% | 7.18% | 0.37x | 1.66x | Nkr-208.56 Million |
| 2011 | -82.27% | -75.04% | 0.55x | 2.01x | Nkr-1.88 Billion |
| 2012 | -84.47% | -84.35% | 0.52x | 1.93x | Nkr-1.21 Billion |
| 2013 | -35.64% | -84.51% | 0.26x | 1.59x | Nkr-436.50 Million |
| 2014 | 20.18% | 43.16% | 0.33x | 1.40x | Nkr107.36 Million |
| 2015 | -6.80% | -18.98% | 0.27x | 1.34x | Nkr-154.70 Million |
| 2016 | -18.85% | -54.35% | 0.25x | 1.37x | Nkr-225.60 Million |
| 2017 | -81.76% | -134.73% | 0.34x | 1.78x | Nkr-411.89 Million |
| 2018 | -320.15% | -154.43% | 0.62x | 3.35x | Nkr-352.27 Million |
| 2019 | -15875.00% | -79.28% | 0.55x | 363.25x | Nkr-127.08 Million |
| 2020 | -79.15% | -38.25% | 0.36x | 5.79x | Nkr-52.60 Million |
| 2021 | -90.39% | -21.02% | 0.49x | 8.86x | Nkr-33.43 Million |
| 2022 | -143.71% | -58.73% | 0.46x | 5.30x | Nkr-92.84 Million |
| 2023 | 39.92% | 21.62% | 0.26x | 7.24x | Nkr22.86 Million |
| 2024 | 0.00% | -324.86% | 0.82x | 0.00x | Nkr-419.59 Million |
| 2025 | 0.00% | -80.56% | 0.55x | 0.00x | Nkr-18.94 Million |
Industry Comparison
This section compares REC Silicon ASA's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
No peer company data available for comparison.
About REC Silicon ASA
REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries in Norway and internationally. The company offers various Signature Silane gas, a pure form of silicon that produces product for fuel industries comprising specialty gases, including Dichlorosilane, Monochlorosilane, and Disilane for use in the manufacturing processes of … Read more