Reece Limited
Reece Limited engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States. The company also offers irrigation and pools, and fire products. Its products include tapware and accessories; vanities and mirrors; showers; toilets; basins; baths and spas; … Read more
Reece Limited (REECF) - Net Assets
Latest net assets as of June 2025: $4.05 Billion USD
Based on the latest financial reports, Reece Limited (REECF) has net assets worth $4.05 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 ($7.42 Billion) and total liabilities ($3.37 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.05 Billion |
| % of Total Assets | 54.54% |
| Annual Growth Rate | 16.28% |
| 5-Year Change | 40.07% |
| 10-Year Change | N/A |
| Growth Volatility | 18.64 |
Reece Limited - Net Assets Trend (2016–2025)
This chart illustrates how Reece Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Reece Limited (2016–2025)
The table below shows the annual net assets of Reece Limited from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $4.05 Billion | +4.15% |
| 2024-06-30 | $3.88 Billion | +7.14% |
| 2023-06-30 | $3.63 Billion | +9.17% |
| 2022-06-30 | $3.32 Billion | +14.98% |
| 2021-06-30 | $2.89 Billion | +5.03% |
| 2020-06-30 | $2.75 Billion | +38.08% |
| 2019-06-30 | $1.99 Billion | +5.89% |
| 2018-06-30 | $1.88 Billion | +62.38% |
| 2017-06-30 | $1.16 Billion | +11.27% |
| 2016-06-30 | $1.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Reece 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 153.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.60 Billion | 64.38% |
| Other Components | $1.44 Billion | 35.62% |
| Total Equity | $4.05 Billion | 100.00% |
Reece Limited Competitors by Market Cap
The table below lists competitors of Reece Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Youngor Group Co Ltd
SHG:600177
|
$2.55 Billion |
|
China Southern Airlines Company Limited
PINK:CHKIF
|
$2.55 Billion |
|
Interpump Group S.p.A.
LSE:0EWD
|
$2.55 Billion |
|
Sichuan Road & Bridge Group Co Ltd
SHG:600039
|
$2.55 Billion |
|
Empresas Copec S.A.
SN:COPEC
|
$2.55 Billion |
|
NIPPON YUSEN K.K.SP.DR1/5
F:NYK
|
$2.55 Billion |
|
Hangzhou Tigermed Consulting Co. Ltd
PINK:HNGZY
|
$2.55 Billion |
|
ENN Ecological Holdings Co Ltd
SHG:600803
|
$2.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reece Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,884,143,000 to 4,045,317,000, a change of 161,174,000 (4.1%).
- Net income of 316,937,000 contributed positively to equity growth.
- Dividend payments of 156,651,000 reduced retained earnings.
- Share repurchases of 22,555,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $316.94 Million | +7.83% |
| Dividends Paid | $156.65 Million | -3.87% |
| Share Repurchases | $22.55 Million | -0.56% |
| Other Changes | $23.44 Million | +0.58% |
| Total Change | $- | 4.15% |
Book Value vs Market Value Analysis
This analysis compares Reece 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: 2.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.29x to 2.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $4.26 | $14.00 | x |
| 2021-06-30 | $4.47 | $14.00 | x |
| 2022-06-30 | $5.14 | $14.00 | x |
| 2023-06-30 | $5.61 | $14.00 | x |
| 2024-06-30 | $6.01 | $14.00 | x |
| 2025-06-30 | $6.26 | $14.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reece 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): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.53%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.83x
- Recent ROE (7.83%) is below the historical average (11.82%), 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 | 18.46% | 8.44% | 1.43x | 1.53x | $88.12 Million |
| 2017 | 18.28% | 8.72% | 1.44x | 1.46x | $95.96 Million |
| 2018 | 11.94% | 8.35% | 1.16x | 1.24x | $36.54 Million |
| 2019 | 10.15% | 3.70% | 1.22x | 2.25x | $2.94 Million |
| 2020 | 8.33% | 3.81% | 0.95x | 2.31x | $-45.99 Million |
| 2021 | 9.89% | 4.55% | 1.02x | 2.12x | $-3.22 Million |
| 2022 | 11.82% | 5.13% | 1.16x | 1.99x | $60.40 Million |
| 2023 | 10.69% | 4.38% | 1.28x | 1.91x | $25.06 Million |
| 2024 | 10.79% | 4.60% | 1.28x | 1.83x | $30.76 Million |
| 2025 | 7.83% | 3.53% | 1.21x | 1.83x | $-87.59 Million |
Industry Comparison
This section compares Reece Limited's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $916,275,000
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reece Limited (REECF) | $4.05 Billion | 18.46% | 0.83x | $2.55 Billion |
| Addtech AB (publ.) (ADDHY) | $3.08 Billion | 28.02% | 1.77x | $4.34 Billion |
| Andritz AG (ADRZF) | $1.33 Billion | 19.84% | 3.73x | $4.12 Billion |
| Applied Industrial Technologies (AIT) | $932.55 Million | 15.52% | 1.44x | $9.65 Billion |
| Beacon Roofing Supply Inc (BECN) | $26.57 Million | -1.42% | 8.92x | $7.71 Billion |
| BlueLinx Holdings Inc (BXC) | $141.49 Million | 18.31% | 7.04x | $335.15 Million |
| CD International Enterprises Inc (CDIIQ) | $64.33 Million | 0.00% | 0.25x | $7.73K |
| Core & Main Inc (CNM) | $801.00 Million | 4.62% | 3.90x | $9.10 Billion |
| Doman Building Materials Group Ltd (CWXZF) | $497.71 Million | 21.40% | 2.09x | $403.14 Million |
| Now Inc (DNOW) | $1.40 Billion | -35.78% | 0.31x | $1.15 Billion |
| Diploma PLC (DPMAY) | $894.70 Million | 14.45% | 0.98x | $10.23 Billion |