Goldsun Building Materials Co Ltd Net Assets
Goldsun Building Materials Co Ltd net assets. Based on the latest financial reports, Goldsun Building Materials Co Ltd (2504) has net assets worth NT$27.09 Billion TWD (≈ $853.38 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$50.23 Billion ≈ $1.58 Billion USD) and total liabilities (NT$23.15 Billion ≈ $729.22 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. Also explore how fast is Goldsun Building Materials Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$27.09 Billion |
| % of Total Assets | 53.92% |
| Annual Growth Rate | 3.73% |
| 5-Year Change | 25.9% |
| 10-Year Change | 49.98% |
| Growth Volatility | 9.69 |
Net Assets of Goldsun Building Materials Co Ltd (2002–2025)
Net assets of Goldsun Building Materials Co Ltd from 2002 to 2025. This chart illustrates how Goldsun Building Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. See 2504 equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Goldsun Building Materials Co Ltd (2002–2025)
The table below shows the annual net assets of Goldsun Building Materials Co Ltd from 2002 to 2025. For live market cap and overall valuation, see 2504 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$28.33 Billion ≈ $892.68 Million |
+1.73% |
| 2024-12-31 | NT$27.85 Billion ≈ $877.51 Million |
+8.72% |
| 2023-12-31 | NT$25.62 Billion ≈ $807.10 Million |
+5.00% |
| 2022-12-31 | NT$24.40 Billion ≈ $768.64 Million |
+8.40% |
| 2021-12-31 | NT$22.51 Billion ≈ $709.06 Million |
+5.51% |
| 2020-12-31 | NT$21.33 Billion ≈ $672.02 Million |
-0.68% |
| 2019-12-31 | NT$21.48 Billion ≈ $676.61 Million |
+4.35% |
| 2018-12-31 | NT$20.58 Billion ≈ $648.39 Million |
-2.56% |
| 2017-12-31 | NT$21.12 Billion ≈ $665.40 Million |
+11.79% |
| 2016-12-31 | NT$18.89 Billion ≈ $595.20 Million |
-32.98% |
| 2015-12-31 | NT$28.19 Billion ≈ $888.05 Million |
-6.73% |
| 2014-12-31 | NT$30.22 Billion ≈ $952.18 Million |
+6.60% |
| 2013-12-31 | NT$28.35 Billion ≈ $893.25 Million |
+4.27% |
| 2012-12-31 | NT$27.19 Billion ≈ $856.67 Million |
+0.54% |
| 2011-12-31 | NT$27.04 Billion ≈ $852.06 Million |
+8.71% |
| 2010-12-31 | NT$24.88 Billion ≈ $783.78 Million |
+8.14% |
| 2009-12-31 | NT$23.01 Billion ≈ $724.79 Million |
+8.44% |
| 2008-12-31 | NT$21.22 Billion ≈ $668.40 Million |
+16.33% |
| 2007-12-31 | NT$18.24 Billion ≈ $574.57 Million |
+5.76% |
| 2006-12-31 | NT$17.24 Billion ≈ $543.25 Million |
+6.43% |
| 2005-12-31 | NT$16.20 Billion ≈ $510.42 Million |
+10.27% |
| 2004-12-31 | NT$14.69 Billion ≈ $462.90 Million |
+18.83% |
| 2003-12-31 | NT$12.36 Billion ≈ $389.53 Million |
+1.41% |
| 2002-12-31 | NT$12.19 Billion ≈ $384.13 Million |
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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 1405127700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Goldsun Building Materials Co Ltd Net Assets Breakdown (December 2025)
Goldsun Building Materials Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$14.05 Billion | 51.88% |
| Common Stock | NT$11.80 Billion | 43.57% |
| Other Comprehensive Income | NT$9.05 Million | 0.03% |
| Other Components | NT$1.22 Billion | 4.52% |
| Total Equity | NT$27.08 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 |
|---|---|
|
JiLin Sino-Microelectronics Co Ltd
SHG:600360
|
$1.15 Billion |
|
Tianjin Ringpu Bio Tech
SHE:300119
|
$1.15 Billion |
|
Flow Traders BV
AS:FLOW
|
$1.15 Billion |
|
TTW Public Company Limited
BK:TTW-R
|
$1.15 Billion |
|
NationGate Holdings Berhad
KLSE:0270
|
$1.15 Billion |
|
Lotte Corp
KO:004990
|
$1.15 Billion |
|
Yuanta Futures Co Ltd
TWO:6023
|
$1.15 Billion |
|
ABOUT YOU Holding AG
F:YOU
|
$1.15 Billion |
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 2024 to 2025, total equity changed from 26,732,760,000 to 27,083,832,000, a change of 351,072,000 (1.3%).
- Net income of 3,884,005,000 contributed positively to equity growth.
- Dividend payments of 3,304,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,850,769,001.
- Other factors increased equity by 4,621,836,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.88 Billion | +14.34% |
| Dividends Paid | NT$3.30 Billion | -12.2% |
| Other Comprehensive Income | NT$-4.85 Billion | -17.91% |
| Other Changes | NT$4.62 Billion | +17.06% |
| Total Change | NT$- | 1.31% |
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: 1.40x
- 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 2.47x to 1.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$12.53 | NT$31.00 | x |
| 2005-12-31 | NT$13.44 | NT$31.00 | x |
| 2006-12-31 | NT$14.32 | NT$31.00 | x |
| 2007-12-31 | NT$15.22 | NT$31.00 | x |
| 2008-12-31 | NT$15.69 | NT$31.00 | x |
| 2009-12-31 | NT$17.74 | NT$31.00 | x |
| 2010-12-31 | NT$16.76 | NT$31.00 | x |
| 2011-12-31 | NT$17.38 | NT$31.00 | x |
| 2012-12-31 | NT$17.32 | NT$31.00 | x |
| 2013-12-31 | NT$18.24 | NT$31.00 | x |
| 2014-12-31 | NT$18.86 | NT$31.00 | x |
| 2015-12-31 | NT$17.94 | NT$31.00 | x |
| 2016-12-31 | NT$14.28 | NT$31.00 | x |
| 2017-12-31 | NT$16.37 | NT$31.00 | x |
| 2018-12-31 | NT$16.46 | NT$31.00 | x |
| 2019-12-31 | NT$14.73 | NT$31.00 | x |
| 2020-12-31 | NT$15.50 | NT$31.00 | x |
| 2021-12-31 | NT$18.11 | NT$31.00 | x |
| 2022-12-31 | NT$19.65 | NT$31.00 | x |
| 2023-12-31 | NT$20.71 | NT$31.00 | x |
| 2024-12-31 | NT$22.63 | NT$31.00 | x |
| 2025-12-31 | NT$22.20 | NT$31.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldsun Building Materials Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.24%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.72x
- Recent ROE (14.34%) is above the historical average (5.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.53% | 0.65% | 0.47x | 1.72x | NT$-1.17 Billion |
| 2004 | 4.17% | 5.33% | 0.52x | 1.51x | NT$-855.85 Million |
| 2005 | 6.35% | 6.20% | 0.61x | 1.69x | NT$-575.15 Million |
| 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$-959.83 Million |
| 2011 | 3.48% | 3.04% | 0.57x | 2.01x | NT$-1.47 Billion |
| 2012 | 0.89% | 0.76% | 0.52x | 2.24x | 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 |
| 2025 | 14.34% | 17.24% | 0.48x | 1.72x | NT$1.18 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: $27,875,309,111
- Average return on equity (ROE) among peers: 4.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldsun Building Materials Co Ltd (2504) | NT$27.09 Billion | 0.53% | 0.85x | $1.15 Billion |
| Taiwan Cement Corp (1101) | $102.89 Billion | 8.02% | 0.87x | $6.71 Billion |
| Asia Cement Corp (1102) | $33.27 Billion | 0.91% | 0.79x | $4.22 Billion |
| Chia Hsin Cement Corp (1103) | $18.08 Billion | 1.99% | 0.65x | $281.22 Million |
| Universal Cement Corp (1104) | $19.38 Billion | 5.61% | 0.29x | $575.47 Million |
| Lucky Cement Co (1108) | $4.62 Billion | 8.22% | 0.81x | $138.99 Million |
| Hsing Ta Cement Co Ltd (1109) | $10.28 Billion | 3.42% | 0.11x | $137.58 Million |
| Southeast Cement Co Ltd (1110) | $9.57 Billion | 3.64% | 0.33x | $269.59 Million |
| Taiwan Glass Ind Corp (1802) | $50.75 Billion | -1.77% | 0.99x | $6.20 Billion |
| Lihtai Construction Enterprise Co Ltd (5520) | $2.04 Billion | 13.84% | 0.36x | $154.75 Million |
About 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