Goldsun Building Materials Co Ltd
Goldsun Building Materials Co., Ltd., together with its subsidiaries, engages in the production and sale of premixed concrete, cement, and calcium silicate board in Taiwan and Mainland China. It operates through Pre-Mixed Concrete Segment in Taiwan, Pre-Mixed Concrete Segment in Mainland China, and Others segments. The company also constructs civil and architectural construction projects; and pro… Read more
Goldsun Building Materials Co Ltd (2504) - Net Assets
Latest net assets as of September 2025: NT$27.04 Billion TWD
Based on the latest financial reports, Goldsun Building Materials Co Ltd (2504) has net assets worth NT$27.04 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$44.89 Billion) and total liabilities (NT$17.84 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 | NT$27.04 Billion |
| % of Total Assets | 60.25% |
| Annual Growth Rate | 3.83% |
| 5-Year Change | 30.58% |
| 10-Year Change | -1.19% |
| Growth Volatility | 9.93 |
Goldsun Building Materials Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Goldsun Building Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Goldsun Building Materials Co Ltd (2002–2024)
The table below shows the annual net assets of Goldsun Building Materials Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$27.85 Billion | +8.72% |
| 2023-12-31 | NT$25.62 Billion | +5.00% |
| 2022-12-31 | NT$24.40 Billion | +8.40% |
| 2021-12-31 | NT$22.51 Billion | +5.51% |
| 2020-12-31 | NT$21.33 Billion | -0.68% |
| 2019-12-31 | NT$21.48 Billion | +4.35% |
| 2018-12-31 | NT$20.58 Billion | -2.56% |
| 2017-12-31 | NT$21.12 Billion | +11.79% |
| 2016-12-31 | NT$18.89 Billion | -32.98% |
| 2015-12-31 | NT$28.19 Billion | -6.73% |
| 2014-12-31 | NT$30.22 Billion | +6.60% |
| 2013-12-31 | NT$28.35 Billion | +3.72% |
| 2012-12-31 | NT$27.33 Billion | -0.15% |
| 2011-12-31 | NT$27.38 Billion | +10.04% |
| 2010-12-31 | NT$24.88 Billion | +8.14% |
| 2009-12-31 | NT$23.01 Billion | +8.44% |
| 2008-12-31 | NT$21.22 Billion | +16.33% |
| 2007-12-31 | NT$18.24 Billion | +5.76% |
| 2006-12-31 | NT$17.24 Billion | +9.37% |
| 2005-12-31 | NT$15.77 Billion | +7.31% |
| 2004-12-31 | NT$14.69 Billion | +18.83% |
| 2003-12-31 | NT$12.36 Billion | +1.41% |
| 2002-12-31 | NT$12.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Goldsun Building Materials Co Ltd'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 898388700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.98 Billion | 33.61% |
| Other Components | NT$17.75 Billion | 66.39% |
| Total Equity | NT$26.73 Billion | 100.00% |
Goldsun Building Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Goldsun Building Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alsea S.A.B. de C.V
PINK:ALSSF
|
$902.51 Million |
|
China Petrochemical Development Corp
TW:1314
|
$902.62 Million |
|
Xinjiang Tecon Animal Husbandry Bio-Technology Co Ltd
SHE:002100
|
$903.18 Million |
|
Wuxi Huaguang Boiler Co Ltd
SHG:600475
|
$903.37 Million |
|
Plymouth Industrial REIT Inc
NYSE:PLYM
|
$902.07 Million |
|
Huaku Development Co Ltd
TW:2548
|
$902.07 Million |
|
Guangzhou Development Group Inc
SHG:600098
|
$902.01 Million |
|
Pharvaris BV
NASDAQ:PHVS
|
$901.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldsun Building Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,494,182,000 to 26,732,760,000, a change of 2,238,578,000 (9.1%).
- Net income of 4,591,187,000 contributed positively to equity growth.
- Dividend payments of 2,478,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,571,102,000.
- Other factors increased equity by 4,696,493,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.59 Billion | +17.17% |
| Dividends Paid | NT$2.48 Billion | -9.27% |
| Other Comprehensive Income | NT$-4.57 Billion | -17.1% |
| Other Changes | NT$4.70 Billion | +17.57% |
| Total Change | NT$- | 9.14% |
Book Value vs Market Value Analysis
This analysis compares Goldsun Building Materials Co Ltd'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: 1.66x
- 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 2.64x to 1.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$14.32 | NT$37.75 | x |
| 2007-12-31 | NT$15.22 | NT$37.75 | x |
| 2008-12-31 | NT$15.69 | NT$37.75 | x |
| 2009-12-31 | NT$17.74 | NT$37.75 | x |
| 2010-12-31 | NT$16.76 | NT$37.75 | x |
| 2011-12-31 | NT$17.61 | NT$37.75 | x |
| 2012-12-31 | NT$17.40 | NT$37.75 | x |
| 2013-12-31 | NT$18.24 | NT$37.75 | x |
| 2014-12-31 | NT$18.86 | NT$37.75 | x |
| 2015-12-31 | NT$17.94 | NT$37.75 | x |
| 2016-12-31 | NT$14.28 | NT$37.75 | x |
| 2017-12-31 | NT$16.37 | NT$37.75 | x |
| 2018-12-31 | NT$16.46 | NT$37.75 | x |
| 2019-12-31 | NT$17.21 | NT$37.75 | x |
| 2020-12-31 | NT$17.11 | NT$37.75 | x |
| 2021-12-31 | NT$18.11 | NT$37.75 | x |
| 2022-12-31 | NT$19.65 | NT$37.75 | x |
| 2023-12-31 | NT$20.71 | NT$37.75 | x |
| 2024-12-31 | NT$22.71 | NT$37.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldsun Building Materials Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.14%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.62x
- Recent ROE (17.17%) is above the historical average (5.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.53% | 0.65% | 0.47x | 1.72x | NT$-1.17 Billion |
| 2004 | 4.17% | 5.44% | 0.51x | 1.51x | NT$-855.85 Million |
| 2005 | 0.24% | 0.23% | 0.59x | 1.69x | NT$-1.54 Billion |
| 2006 | 6.21% | 6.36% | 0.55x | 1.77x | NT$-636.53 Million |
| 2007 | 6.60% | 6.10% | 0.67x | 1.62x | NT$-606.42 Million |
| 2008 | 3.61% | 3.08% | 0.53x | 2.23x | NT$-1.18 Billion |
| 2009 | 2.66% | 2.79% | 0.48x | 1.97x | NT$-1.49 Billion |
| 2010 | 5.57% | 5.13% | 0.59x | 1.83x | NT$-959.83 Million |
| 2011 | 3.44% | 3.04% | 0.57x | 1.99x | NT$-1.50 Billion |
| 2012 | 0.95% | 0.81% | 0.52x | 2.22x | NT$-2.04 Billion |
| 2013 | 3.94% | 2.94% | 0.54x | 2.46x | NT$-1.43 Billion |
| 2014 | 3.31% | 2.30% | 0.54x | 2.65x | NT$-1.63 Billion |
| 2015 | 0.08% | 0.06% | 0.46x | 2.72x | NT$-2.29 Billion |
| 2016 | -26.74% | -18.04% | 0.49x | 3.03x | NT$-6.44 Billion |
| 2017 | 14.28% | 17.13% | 0.47x | 1.76x | NT$842.65 Million |
| 2018 | 2.64% | 2.76% | 0.52x | 1.83x | NT$-1.43 Billion |
| 2019 | 5.40% | 5.80% | 0.51x | 1.82x | NT$-936.78 Million |
| 2020 | 12.24% | 13.10% | 0.54x | 1.72x | NT$452.99 Million |
| 2021 | 13.32% | 13.07% | 0.61x | 1.67x | NT$709.85 Million |
| 2022 | 17.76% | 19.42% | 0.55x | 1.67x | NT$1.81 Billion |
| 2023 | 14.42% | 16.78% | 0.52x | 1.66x | NT$1.08 Billion |
| 2024 | 17.17% | 21.14% | 0.50x | 1.62x | NT$1.92 Billion |
Industry Comparison
This section compares Goldsun Building Materials Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $11,949,019,222
- Average return on equity (ROE) among peers: 8.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldsun Building Materials Co Ltd (2504) | NT$27.04 Billion | 0.53% | 0.66x | $902.17 Million |
| Chia Hsin Cement Corp (1103) | $18.60 Billion | 14.70% | 0.85x | $115.31 Million |
| Universal Cement Corp (1104) | $13.38 Billion | 5.32% | 0.19x | $364.13 Million |
| Lucky Cement Co (1108) | $4.80 Billion | 6.57% | 0.61x | $88.91 Million |
| Hsing Ta Cement Co Ltd (1109) | $5.71 Billion | 4.90% | 0.17x | $89.19 Million |
| Southeast Cement Co Ltd (1110) | $8.51 Billion | 0.77% | 0.09x | $139.76 Million |
| Taiwan Glass Ind Corp (1802) | $51.66 Billion | -1.36% | 0.80x | $2.52 Billion |
| Lihtai Construction Enterprise Co Ltd (5520) | $1.80 Billion | 3.42% | 0.25x | $51.69 Million |
| Yonggu Group Inc (5546) | $1.95 Billion | 23.73% | 1.67x | $14.85 Million |
| Wellpool Co Ltd (8424) | $1.12 Billion | 14.88% | 0.19x | $32.89 Million |