Goldsun Building Materials Co Ltd (2504) - Net Assets

Latest as of September 2025: NT$27.04 Billion TWD ≈ $851.97 Million USD

Based on the latest financial reports, Goldsun Building Materials Co Ltd (2504) has net assets worth NT$27.04 Billion TWD (≈ $851.97 Million USD) 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 ≈ $1.41 Billion USD) and total liabilities (NT$17.84 Billion ≈ $562.19 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 2504 financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore 2504 total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Goldsun Building Materials Co Ltd.

Year Net Assets Change
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		 +3.72%
2012-12-31 NT$27.33 Billion
≈ $861.18 Million		 -0.15%
2011-12-31 NT$27.38 Billion
≈ $862.47 Million		 +10.04%
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		 +9.37%
2005-12-31 NT$15.77 Billion
≈ $496.73 Million		 +7.31%
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 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
Maze Therapeutics, Inc. Common Stock
NASDAQ:MAZE
 $1.31 Billion
Jiangsu Evergreen New Material Technology Inc. Co. A
SHG:603125
 $1.31 Billion
Shenzhen Cotran New Material Co Ltd Class A
SHE:300731
 $1.31 Billion
Dole plc
F:4CB
 $1.31 Billion
Capital Southwest Corporation
NASDAQ:CSWC
 $1.31 Billion
SP Setia Bhd
KLSE:8664
 $1.31 Billion
China Yuchai International Limited
F:CYD
 $1.31 Billion
Alphamin Res
V:AFM
 $1.30 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 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: 1.55x
  • 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 2.46x to 1.55x 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$35.25 x
2007-12-31 NT$15.22 NT$35.25 x
2008-12-31 NT$15.69 NT$35.25 x
2009-12-31 NT$17.74 NT$35.25 x
2010-12-31 NT$16.76 NT$35.25 x
2011-12-31 NT$17.61 NT$35.25 x
2012-12-31 NT$17.40 NT$35.25 x
2013-12-31 NT$18.24 NT$35.25 x
2014-12-31 NT$18.86 NT$35.25 x
2015-12-31 NT$17.94 NT$35.25 x
2016-12-31 NT$14.28 NT$35.25 x
2017-12-31 NT$16.37 NT$35.25 x
2018-12-31 NT$16.46 NT$35.25 x
2019-12-31 NT$17.21 NT$35.25 x
2020-12-31 NT$17.11 NT$35.25 x
2021-12-31 NT$18.11 NT$35.25 x
2022-12-31 NT$19.65 NT$35.25 x
2023-12-31 NT$20.71 NT$35.25 x
2024-12-31 NT$22.71 NT$35.25 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: $51,601,790,556
  • Average return on equity (ROE) among peers: 5.32%

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 $1.31 Billion
Taiwan Cement Corp (1101) $197.38 Billion 10.73% 0.74x $5.78 Billion
Asia Cement Corp (1102) $159.05 Billion 6.99% 0.76x $3.92 Billion
Chia Hsin Cement Corp (1103) $19.28 Billion 0.08% 0.75x $279.15 Million
Universal Cement Corp (1104) $13.06 Billion 2.98% 0.20x $613.33 Million
Lucky Cement Co (1108) $4.21 Billion 0.00% 1.36x $185.53 Million
Hsing Ta Cement Co Ltd (1109) $8.63 Billion 11.17% 0.30x $166.06 Million
Southeast Cement Co Ltd (1110) $8.86 Billion 1.60% 0.08x $276.50 Million
Taiwan Glass Ind Corp (1802) $51.66 Billion -1.36% 0.80x $6.14 Billion
Lihtai Construction Enterprise Co Ltd (5520) $2.28 Billion 15.69% 0.43x $153.62 Million

About Goldsun Building Materials Co Ltd

TW:2504 Taiwan Building Materials
Market Cap
$1.31 Billion
NT$41.49 Billion TWD
Market Cap Rank
#7961 Global
#244 in Taiwan
Share Price
NT$35.25
Change (1 day)
-0.98%
52-Week Range
NT$33.70 - NT$46.60
All Time High
NT$56.80
Categories
Companies in Taiwan Building Materials
About

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