United Renewable Energy Co Ltd (3576) - Net Assets
Based on the latest financial reports, United Renewable Energy Co Ltd (3576) has net assets worth NT$10.44 Billion TWD (≈ $328.85 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$24.61 Billion ≈ $775.20 Million USD) and total liabilities (NT$14.17 Billion ≈ $446.35 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 3576 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$10.44 Billion |
| % of Total Assets | 42.42% |
| Annual Growth Rate | 17.53% |
| 5-Year Change | -24.63% |
| 10-Year Change | -44.37% |
| Growth Volatility | 88.78 |
United Renewable Energy Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how United Renewable Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of United Renewable Energy Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for United Renewable Energy Co Ltd (2006–2024)
The table below shows the annual net assets of United Renewable Energy Co Ltd from 2006 to 2024. For live valuation and market cap data, see United Renewable Energy Co Ltd (3576) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.32 Billion ≈ $356.74 Million |
-13.60% |
| 2023-12-31 | NT$13.11 Billion ≈ $412.89 Million |
-23.34% |
| 2022-12-31 | NT$17.10 Billion ≈ $538.63 Million |
+7.98% |
| 2021-12-31 | NT$15.83 Billion ≈ $498.81 Million |
+5.38% |
| 2020-12-31 | NT$15.02 Billion ≈ $473.34 Million |
-30.07% |
| 2019-12-31 | NT$21.48 Billion ≈ $676.87 Million |
-16.74% |
| 2018-12-31 | NT$25.81 Billion ≈ $813.00 Million |
+127.60% |
| 2017-12-31 | NT$11.34 Billion ≈ $357.20 Million |
-32.03% |
| 2016-12-31 | NT$16.68 Billion ≈ $525.50 Million |
-18.06% |
| 2015-12-31 | NT$20.36 Billion ≈ $641.32 Million |
-6.30% |
| 2014-12-31 | NT$21.72 Billion ≈ $684.42 Million |
+13.08% |
| 2013-12-31 | NT$19.21 Billion ≈ $605.24 Million |
+73.36% |
| 2012-12-31 | NT$11.08 Billion ≈ $349.13 Million |
-23.91% |
| 2011-12-31 | NT$14.56 Billion ≈ $458.82 Million |
+3.40% |
| 2010-12-31 | NT$14.08 Billion ≈ $443.75 Million |
+147.21% |
| 2009-12-31 | NT$5.70 Billion ≈ $179.51 Million |
+3.46% |
| 2008-12-31 | NT$5.51 Billion ≈ $173.50 Million |
+109.21% |
| 2007-12-31 | NT$2.63 Billion ≈ $82.93 Million |
+325.71% |
| 2006-12-31 | NT$618.35 Million ≈ $19.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to United Renewable Energy 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 decreased by 126283.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$16.28 Billion | 144.18% |
| Other Components | NT$819.11 Million | 7.26% |
| Total Equity | NT$11.29 Billion | 100.00% |
United Renewable Energy Co Ltd Competitors by Market Cap
The table below lists competitors of United Renewable Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Campus Activewear Limited
NSE:CAMPUS
|
$820.14 Million |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
$820.24 Million |
|
Kalvista Pharmaceuticals Inc
NASDAQ:KALV
|
$820.37 Million |
|
Chengdu B-ray Media Co Ltd
SHG:600880
|
$820.74 Million |
|
Navient Corp
NASDAQ:NAVI
|
$819.67 Million |
|
Zhejiang Yasha Decoration Co Ltd
SHE:002375
|
$819.63 Million |
|
Oxford Lane Capital Corp
NASDAQ:OXLC
|
$819.60 Million |
|
KCTech Co Ltd
KO:281820
|
$819.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Renewable Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,751,007,000 to 11,290,116,000, a change of -1,460,891,000 (-11.5%).
- Net loss of 2,134,357,000 reduced equity.
- Other comprehensive income decreased equity by 199,226,000.
- Other factors increased equity by 872,692,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-2.13 Billion | -18.9% |
| Other Comprehensive Income | NT$-199.23 Million | -1.76% |
| Other Changes | NT$872.69 Million | +7.73% |
| Total Change | NT$- | -11.46% |
Book Value vs Market Value Analysis
This analysis compares United Renewable Energy 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: 2.31x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.33x to 2.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$12.07 | NT$16.00 | x |
| 2007-12-31 | NT$30.63 | NT$16.00 | x |
| 2008-12-31 | NT$54.34 | NT$16.00 | x |
| 2009-12-31 | NT$46.87 | NT$16.00 | x |
| 2010-12-31 | NT$81.92 | NT$16.00 | x |
| 2011-12-31 | NT$64.27 | NT$16.00 | x |
| 2012-12-31 | NT$43.01 | NT$16.00 | x |
| 2013-12-31 | NT$54.67 | NT$16.00 | x |
| 2014-12-31 | NT$45.80 | NT$16.00 | x |
| 2015-12-31 | NT$40.28 | NT$16.00 | x |
| 2016-12-31 | NT$28.95 | NT$16.00 | x |
| 2017-12-31 | NT$18.96 | NT$16.00 | x |
| 2018-12-31 | NT$31.53 | NT$16.00 | x |
| 2019-12-31 | NT$14.42 | NT$16.00 | x |
| 2020-12-31 | NT$9.37 | NT$16.00 | x |
| 2021-12-31 | NT$9.91 | NT$16.00 | x |
| 2022-12-31 | NT$9.29 | NT$16.00 | x |
| 2023-12-31 | NT$7.84 | NT$16.00 | x |
| 2024-12-31 | NT$6.94 | NT$16.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Renewable Energy Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -18.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -36.90%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.45x
- Recent ROE (-18.90%) is below the historical average (-11.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1.51% | 2.45% | 0.41x | 1.51x | NT$-52.53 Million |
| 2007 | 20.83% | 14.97% | 0.90x | 1.55x | NT$285.12 Million |
| 2008 | 15.10% | 8.17% | 0.93x | 1.99x | NT$280.63 Million |
| 2009 | -20.05% | -11.06% | 0.88x | 2.06x | NT$-1.71 Billion |
| 2010 | 19.49% | 13.60% | 0.97x | 1.47x | NT$1.33 Billion |
| 2011 | -19.91% | -14.07% | 0.93x | 1.52x | NT$-4.35 Billion |
| 2012 | -38.26% | -34.10% | 0.58x | 1.93x | NT$-5.26 Billion |
| 2013 | 2.66% | 2.50% | 0.59x | 1.82x | NT$-1.38 Billion |
| 2014 | 1.03% | 0.79% | 0.74x | 1.76x | NT$-1.91 Billion |
| 2015 | -7.37% | -6.55% | 0.57x | 1.98x | NT$-3.43 Billion |
| 2016 | -39.28% | -38.16% | 0.45x | 2.29x | NT$-7.92 Billion |
| 2017 | -37.49% | -40.54% | 0.30x | 3.09x | NT$-5.26 Billion |
| 2018 | -1.88% | -3.61% | 0.22x | 2.34x | NT$-2.96 Billion |
| 2019 | -27.84% | -31.81% | 0.38x | 2.28x | NT$-7.84 Billion |
| 2020 | -43.22% | -49.25% | 0.39x | 2.28x | NT$-7.59 Billion |
| 2021 | -8.87% | -9.38% | 0.46x | 2.06x | NT$-2.85 Billion |
| 2022 | 6.04% | 5.28% | 0.55x | 2.08x | NT$-652.02 Million |
| 2023 | -30.50% | -31.07% | 0.44x | 2.25x | NT$-5.16 Billion |
| 2024 | -18.90% | -36.90% | 0.21x | 2.45x | NT$-3.26 Billion |
Industry Comparison
This section compares United Renewable Energy Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $5,002,390,625
- Average return on equity (ROE) among peers: -0.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Renewable Energy Co Ltd (3576) | NT$10.44 Billion | 1.51% | 1.36x | $820.01 Million |
| Gigastorage Corp (2406) | $5.85 Billion | 13.57% | 0.25x | $337.74 Million |
| Danen Technology Corp (3686) | $5.01 Billion | -10.72% | 0.10x | $41.45 Million |
| Gigasolar Materials (3691) | $5.36 Billion | 3.53% | 1.30x | $341.59 Million |
| Hsinjing Holding Co Ltd (3713) | $668.40 Million | -3.17% | 3.10x | $41.21 Million |
| Tainergy Tech Co Ltd (4934) | $1.88 Billion | -4.81% | 1.40x | $112.71 Million |
| Motech Industries Co Ltd (6244) | $14.52 Billion | -4.39% | 1.31x | $334.11 Million |
| TSEC Corp (6443) | $3.23 Billion | -6.21% | 1.43x | $571.11 Million |
| ANJI Technology Co. Ltd (6477) | $3.50 Billion | 4.27% | 1.25x | $130.26 Million |
About United Renewable Energy Co Ltd
United Renewable Energy Co., Ltd. engages in the research, design, development, manufacture, and sale of solar cells and related systems, solar power generation modules, and wafers in Taiwan, Europe, the United States, Singapore, and internationally. It operates through the Solar Energy and Other segments. The company offers photovoltaic optimizer; inverter; and energy storage systems, including … Read more