Goldsun Building Materials Co Ltd (2504) - Net Assets

Latest as of June 2026: NT$27.09 Billion TWD ≈ $853.38 Million USD

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. Check how strategically is Goldsun Building Materials Co Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.

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

Goldsun Building Materials Co Ltd - Net Assets Trend (2002–2025)

This chart illustrates how Goldsun Building Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 2504 market cap overview.

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. 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.

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	--

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.

Current Equity Component Breakdown (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
ST Pharm Co.Ltd KQ:237690	$1.17 Billion
Barloworld Ltd JSE:BAW	$1.17 Billion
CompuGroup Medical SE & Co. KGaA XETRA:COP	$1.17 Billion
Henan Thinker Automation SHG:603508	$1.17 Billion
TF Bank AB ST:TFBANK	$1.17 Billion
Xinjiang Xuefeng Sci-Tech SHG:603227	$1.17 Billion
MRC Global Inc NYSE:MRC	$1.17 Billion
Lindsay Corporation NYSE:LNN	$1.17 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: 1.42x
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 2.52x to 1.42x 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$31.60	x
2005-12-31	NT$13.44	NT$31.60	x
2006-12-31	NT$14.32	NT$31.60	x
2007-12-31	NT$15.22	NT$31.60	x
2008-12-31	NT$15.69	NT$31.60	x
2009-12-31	NT$17.74	NT$31.60	x
2010-12-31	NT$16.76	NT$31.60	x
2011-12-31	NT$17.38	NT$31.60	x
2012-12-31	NT$17.32	NT$31.60	x
2013-12-31	NT$18.24	NT$31.60	x
2014-12-31	NT$18.86	NT$31.60	x
2015-12-31	NT$17.94	NT$31.60	x
2016-12-31	NT$14.28	NT$31.60	x
2017-12-31	NT$16.37	NT$31.60	x
2018-12-31	NT$16.46	NT$31.60	x
2019-12-31	NT$14.73	NT$31.60	x
2020-12-31	NT$15.50	NT$31.60	x
2021-12-31	NT$18.11	NT$31.60	x
2022-12-31	NT$19.65	NT$31.60	x
2023-12-31	NT$20.71	NT$31.60	x
2024-12-31	NT$22.63	NT$31.60	x
2025-12-31	NT$22.20	NT$31.60	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: $42,137,506,222
Average return on equity (ROE) among peers: 5.24%

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	$1.17 Billion
Taiwan Cement Corp (1101)	$131.74 Billion	5.87%	0.98x	$5.90 Billion
Asia Cement Corp (1102)	$145.80 Billion	3.75%	0.69x	$3.93 Billion
Chia Hsin Cement Corp (1103)	$18.60 Billion	14.70%	0.85x	$277.07 Million
Universal Cement Corp (1104)	$13.06 Billion	2.98%	0.20x	$581.96 Million
Lucky Cement Co (1108)	$4.40 Billion	4.08%	0.95x	$142.18 Million
Hsing Ta Cement Co Ltd (1109)	$7.03 Billion	4.03%	0.32x	$144.03 Million
Southeast Cement Co Ltd (1110)	$8.71 Billion	1.68%	0.09x	$278.58 Million
Taiwan Glass Ind Corp (1802)	$47.84 Billion	-3.80%	0.84x	$5.39 Billion
Lihtai Construction Enterprise Co Ltd (5520)	$2.04 Billion	13.84%	0.36x	$154.94 Million

About Goldsun Building Materials Co Ltd

TW:2504 Taiwan Building Materials

Market Cap

$1.17 Billion

NT$37.19 Billion TWD

Market Cap Rank

#8263 Global

#266 in Taiwan

Share Price

NT$31.60

Change (1 day)

+2.43%

52-Week Range

NT$30.30 - NT$39.65

All Time High

NT$56.80