Ruentex Engineering & Construction Co Ltd (2597) - Net Assets
Based on the latest financial reports, Ruentex Engineering & Construction Co Ltd (2597) has net assets worth NT$9.74 Billion TWD (≈ $306.85 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$24.67 Billion ≈ $777.15 Million USD) and total liabilities (NT$14.93 Billion ≈ $470.30 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 2597 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$9.74 Billion |
| % of Total Assets | 39.48% |
| Annual Growth Rate | 17.68% |
| 5-Year Change | 88.81% |
| 10-Year Change | 87.71% |
| Growth Volatility | 49.13 |
Ruentex Engineering & Construction Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Ruentex Engineering & Construction Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Ruentex Engineering & Construction Co Lt (2597) total assets for the complete picture of this company's asset base.
Annual Net Assets for Ruentex Engineering & Construction Co Ltd (2005–2024)
The table below shows the annual net assets of Ruentex Engineering & Construction Co Ltd from 2005 to 2024. For live valuation and market cap data, see how much is Ruentex Engineering & Construction Co Lt worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.77 Billion ≈ $339.37 Million |
+33.34% |
| 2023-12-31 | NT$8.08 Billion ≈ $254.52 Million |
+0.03% |
| 2022-12-31 | NT$8.08 Billion ≈ $254.45 Million |
-1.65% |
| 2021-12-31 | NT$8.21 Billion ≈ $258.73 Million |
+43.95% |
| 2020-12-31 | NT$5.71 Billion ≈ $179.74 Million |
+8.04% |
| 2019-12-31 | NT$5.28 Billion ≈ $166.36 Million |
-3.36% |
| 2018-12-31 | NT$5.46 Billion ≈ $172.14 Million |
+6.37% |
| 2017-12-31 | NT$5.14 Billion ≈ $161.83 Million |
-6.10% |
| 2016-12-31 | NT$5.47 Billion ≈ $172.34 Million |
-4.68% |
| 2015-12-31 | NT$5.74 Billion ≈ $180.80 Million |
+0.86% |
| 2014-12-31 | NT$5.69 Billion ≈ $179.27 Million |
+17.94% |
| 2013-12-31 | NT$4.82 Billion ≈ $152.00 Million |
+23.02% |
| 2012-12-31 | NT$3.92 Billion ≈ $123.55 Million |
+24.76% |
| 2011-12-31 | NT$3.14 Billion ≈ $99.03 Million |
-22.46% |
| 2010-12-31 | NT$4.05 Billion ≈ $127.71 Million |
+30.69% |
| 2009-12-31 | NT$3.10 Billion ≈ $97.72 Million |
+74.65% |
| 2008-12-31 | NT$1.78 Billion ≈ $55.95 Million |
+7.84% |
| 2007-12-31 | NT$1.65 Billion ≈ $51.88 Million |
+8.19% |
| 2006-12-31 | NT$1.52 Billion ≈ $47.96 Million |
+211.75% |
| 2005-12-31 | NT$488.27 Million ≈ $15.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ruentex Engineering & Construction 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 3087.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.80 Billion | 31.75% |
| Common Stock | NT$2.59 Billion | 29.41% |
| Other Comprehensive Income | NT$2.57 Billion | 29.23% |
| Other Components | NT$846.14 Million | 9.61% |
| Total Equity | NT$8.81 Billion | 100.00% |
Ruentex Engineering & Construction Co Ltd Competitors by Market Cap
The table below lists competitors of Ruentex Engineering & Construction Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Savaria Corporation
TO:SIS
|
$1.54 Billion |
|
Orizon Valorização de Resíduos S.A
SA:ORVR3
|
$1.54 Billion |
|
Trisura Group Ltd
TO:TSU
|
$1.54 Billion |
|
Matrix
TA:MTRX
|
$1.54 Billion |
|
Darbond Technology Co. Ltd. A
SHG:688035
|
$1.54 Billion |
|
The Jammu & Kashmir Bank Limited
NSE:J&KBANK
|
$1.54 Billion |
|
Icade SA
PA:ICAD
|
$1.54 Billion |
|
Jindal Saw Limited
NSE:JINDALSAW
|
$1.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ruentex Engineering & Construction Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,469,254,000 to 8,805,074,000, a change of 2,335,820,000 (36.1%).
- Net income of 2,774,232,000 contributed positively to equity growth.
- Dividend payments of 998,730,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,407,436,000.
- Other factors decreased equity by 847,118,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.77 Billion | +31.51% |
| Dividends Paid | NT$998.73 Million | -11.34% |
| Other Comprehensive Income | NT$1.41 Billion | +15.98% |
| Other Changes | NT$-847.12 Million | -9.62% |
| Total Change | NT$- | 36.11% |
Book Value vs Market Value Analysis
This analysis compares Ruentex Engineering & Construction 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: 4.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.56x to 4.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | NT$10.78 | NT$157.00 | x |
| 2009-12-31 | NT$17.97 | NT$157.00 | x |
| 2010-12-31 | NT$21.62 | NT$157.00 | x |
| 2011-12-31 | NT$16.36 | NT$157.00 | x |
| 2012-12-31 | NT$20.19 | NT$157.00 | x |
| 2013-12-31 | NT$18.39 | NT$157.00 | x |
| 2014-12-31 | NT$17.87 | NT$157.00 | x |
| 2015-12-31 | NT$16.57 | NT$157.00 | x |
| 2016-12-31 | NT$15.45 | NT$157.00 | x |
| 2017-12-31 | NT$14.26 | NT$157.00 | x |
| 2018-12-31 | NT$15.53 | NT$157.00 | x |
| 2019-12-31 | NT$14.88 | NT$157.00 | x |
| 2020-12-31 | NT$16.39 | NT$157.00 | x |
| 2021-12-31 | NT$25.75 | NT$157.00 | x |
| 2022-12-31 | NT$25.20 | NT$157.00 | x |
| 2023-12-31 | NT$24.96 | NT$157.00 | x |
| 2024-12-31 | NT$33.97 | NT$157.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ruentex Engineering & Construction 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): 31.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.57%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.79x
- Recent ROE (31.51%) is above the historical average (18.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 29.31% | 4.73% | 1.89x | 3.28x | NT$94.30 Million |
| 2006 | 7.06% | 1.97% | 1.56x | 2.29x | NT$-44.69 Million |
| 2007 | 11.11% | 3.13% | 1.63x | 2.18x | NT$18.29 Million |
| 2008 | 21.23% | 2.93% | 2.65x | 2.73x | NT$199.35 Million |
| 2009 | 16.59% | 7.62% | 0.82x | 2.66x | NT$195.03 Million |
| 2010 | 7.29% | 4.68% | 0.71x | 2.20x | NT$-106.30 Million |
| 2011 | 6.94% | 3.47% | 0.73x | 2.74x | NT$-92.57 Million |
| 2012 | 7.82% | 3.90% | 0.71x | 2.84x | NT$-81.52 Million |
| 2013 | 23.38% | 7.42% | 1.15x | 2.74x | NT$637.75 Million |
| 2014 | 24.41% | 7.96% | 1.13x | 2.70x | NT$667.51 Million |
| 2015 | 16.15% | 7.11% | 0.85x | 2.69x | NT$264.31 Million |
| 2016 | 15.15% | 6.85% | 0.85x | 2.60x | NT$206.20 Million |
| 2017 | 9.31% | 4.55% | 0.81x | 2.53x | NT$-25.68 Million |
| 2018 | 16.41% | 7.64% | 0.87x | 2.47x | NT$258.24 Million |
| 2019 | 17.62% | 5.84% | 1.05x | 2.89x | NT$293.98 Million |
| 2020 | 23.77% | 6.98% | 1.20x | 2.84x | NT$585.12 Million |
| 2021 | 27.59% | 8.63% | 1.23x | 2.61x | NT$1.17 Billion |
| 2022 | 31.54% | 8.38% | 1.10x | 3.42x | NT$1.41 Billion |
| 2023 | 29.40% | 8.45% | 1.02x | 3.39x | NT$1.26 Billion |
| 2024 | 31.51% | 10.57% | 1.07x | 2.79x | NT$1.89 Billion |
Industry Comparison
This section compares Ruentex Engineering & Construction Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $6,407,744,556
- Average return on equity (ROE) among peers: 10.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ruentex Engineering & Construction Co Ltd (2597) | NT$9.74 Billion | 29.31% | 1.53x | $1.54 Billion |
| Tri Ocean Textile Co Ltd (1472) | $2.03 Billion | 7.62% | 1.24x | $147.67 Million |
| United Integrated Services Co Ltd (2404) | $10.61 Billion | 37.69% | 2.15x | $5.64 Billion |
| Long Bon International Co Ltd (2514) | $5.96 Billion | 13.28% | 0.49x | $150.06 Million |
| BES Engineering Co (2515) | $22.93 Billion | 11.67% | 1.10x | $661.08 Million |
| New Asia Construction & Development Corp (2516) | $2.62 Billion | 1.09% | 2.03x | $97.31 Million |
| Delpha Construction Co Ltd (2530) | $3.80 Billion | 11.08% | 0.64x | $551.78 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $590.36 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.70 Billion | 4.43% | 1.70x | $783.30 Million |
| Kedge Construction Co Ltd (2546) | $667.18 Million | 0.00% | 1.75x | $347.48 Million |
About Ruentex Engineering & Construction Co Ltd
Ruentex Engineering & Construction Co., Ltd. engages in the construction and civil engineering contracting business in Taiwan. It operates through the Construction Business, Building Materials, and Interior Decoration Design segments. The company engages in electromechanical installation engineering; water installation, refrigeration, and air conditioning engineering; planning, design and consult… Read more