Rechi Precision Co Ltd (4532) - Net Assets
Based on the latest financial reports, Rechi Precision Co Ltd (4532) has net assets worth NT$10.78 Billion TWD (≈ $339.65 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$26.92 Billion ≈ $848.18 Million USD) and total liabilities (NT$16.14 Billion ≈ $508.54 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 4532 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$10.78 Billion |
| % of Total Assets | 40.04% |
| Annual Growth Rate | 7.61% |
| 5-Year Change | 13.05% |
| 10-Year Change | 16.84% |
| Growth Volatility | 13.78 |
Rechi Precision Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Rechi Precision Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Rechi Precision Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Rechi Precision Co Ltd (2002–2024)
The table below shows the annual net assets of Rechi Precision Co Ltd from 2002 to 2024. For live valuation and market cap data, see 4532 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.62 Billion ≈ $366.14 Million |
+7.59% |
| 2023-12-31 | NT$10.80 Billion ≈ $340.29 Million |
-0.64% |
| 2022-12-31 | NT$10.87 Billion ≈ $342.50 Million |
+4.40% |
| 2021-12-31 | NT$10.41 Billion ≈ $328.06 Million |
+1.30% |
| 2020-12-31 | NT$10.28 Billion ≈ $323.87 Million |
+8.79% |
| 2019-12-31 | NT$9.45 Billion ≈ $297.71 Million |
-2.85% |
| 2018-12-31 | NT$9.73 Billion ≈ $306.46 Million |
+3.44% |
| 2017-12-31 | NT$9.40 Billion ≈ $296.26 Million |
-0.87% |
| 2016-12-31 | NT$9.49 Billion ≈ $298.86 Million |
-4.63% |
| 2015-12-31 | NT$9.95 Billion ≈ $313.37 Million |
-3.52% |
| 2014-12-31 | NT$10.31 Billion ≈ $324.79 Million |
+14.75% |
| 2013-12-31 | NT$8.98 Billion ≈ $283.04 Million |
+13.91% |
| 2012-12-31 | NT$7.89 Billion ≈ $248.48 Million |
+4.02% |
| 2011-12-31 | NT$7.58 Billion ≈ $238.87 Million |
+31.82% |
| 2010-12-31 | NT$5.75 Billion ≈ $181.22 Million |
+11.65% |
| 2009-12-31 | NT$5.15 Billion ≈ $162.31 Million |
-4.40% |
| 2008-12-31 | NT$5.39 Billion ≈ $169.78 Million |
-2.81% |
| 2007-12-31 | NT$5.54 Billion ≈ $174.68 Million |
+7.87% |
| 2006-12-31 | NT$5.14 Billion ≈ $161.93 Million |
+3.08% |
| 2005-12-31 | NT$4.99 Billion ≈ $157.10 Million |
+26.78% |
| 2004-12-31 | NT$3.93 Billion ≈ $123.91 Million |
+54.99% |
| 2003-12-31 | NT$2.54 Billion ≈ $79.94 Million |
+9.66% |
| 2002-12-31 | NT$2.31 Billion ≈ $72.90 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Rechi Precision 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 1015.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.58 Billion | 24.14% |
| Common Stock | NT$5.05 Billion | 47.31% |
| Other Components | NT$3.05 Billion | 28.55% |
| Total Equity | NT$10.67 Billion | 100.00% |
Rechi Precision Co Ltd Competitors by Market Cap
The table below lists competitors of Rechi Precision Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SVI Public Company Limited
BK:SVI
|
$369.13 Million |
|
Jinling Hotel Corp Ltd
SHG:601007
|
$369.24 Million |
|
Dongsung FineTec Co. Ltd
KQ:033500
|
$369.39 Million |
|
Moso Power Supply Technology Co Ltd
SHE:002660
|
$369.47 Million |
|
Hanwha Galleria Corp.
KO:452260
|
$369.01 Million |
|
Autocanada Inc
TO:ACQ
|
$368.97 Million |
|
Bhagiradha Chemicals & Industries Limited
NSE:BHAGCHEM
|
$368.92 Million |
|
Hefei Jingsong Intelligent Technology Co. Ltd. A
SHG:688251
|
$368.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rechi Precision Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,638,894,000 to 10,672,679,000, a change of 1,033,785,000 (10.7%).
- Net income of 1,007,539,000 contributed positively to equity growth.
- Dividend payments of 499,995,000 reduced retained earnings.
- Other factors increased equity by 526,241,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.01 Billion | +9.44% |
| Dividends Paid | NT$500.00 Million | -4.68% |
| Other Changes | NT$526.24 Million | +4.93% |
| Total Change | NT$- | 10.73% |
Book Value vs Market Value Analysis
This analysis compares Rechi Precision 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: 1.14x
- 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 2.19x to 1.14x 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$11.04 | NT$24.15 | x |
| 2007-12-31 | NT$11.76 | NT$24.15 | x |
| 2008-12-31 | NT$11.54 | NT$24.15 | x |
| 2009-12-31 | NT$11.28 | NT$24.15 | x |
| 2010-12-31 | NT$12.20 | NT$24.15 | x |
| 2011-12-31 | NT$14.22 | NT$24.15 | x |
| 2012-12-31 | NT$14.30 | NT$24.15 | x |
| 2013-12-31 | NT$15.50 | NT$24.15 | x |
| 2014-12-31 | NT$17.10 | NT$24.15 | x |
| 2015-12-31 | NT$15.87 | NT$24.15 | x |
| 2016-12-31 | NT$15.57 | NT$24.15 | x |
| 2017-12-31 | NT$14.99 | NT$24.15 | x |
| 2018-12-31 | NT$16.11 | NT$24.15 | x |
| 2019-12-31 | NT$15.61 | NT$24.15 | x |
| 2020-12-31 | NT$17.40 | NT$24.15 | x |
| 2021-12-31 | NT$17.77 | NT$24.15 | x |
| 2022-12-31 | NT$18.87 | NT$24.15 | x |
| 2023-12-31 | NT$19.18 | NT$24.15 | x |
| 2024-12-31 | NT$21.21 | NT$24.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rechi Precision Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.68%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.80x
- Recent ROE (9.44%) is above the historical average (9.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.70% | 2.90% | 0.56x | 2.30x | NT$-145.70 Million |
| 2003 | 9.05% | 4.76% | 0.70x | 2.70x | NT$-24.08 Million |
| 2004 | 16.94% | 8.71% | 0.74x | 2.62x | NT$272.86 Million |
| 2005 | 14.02% | 8.37% | 0.67x | 2.48x | NT$182.46 Million |
| 2006 | 4.64% | 3.06% | 0.61x | 2.51x | NT$-251.65 Million |
| 2007 | 7.65% | 4.72% | 0.64x | 2.52x | NT$-118.09 Million |
| 2008 | -3.79% | -1.93% | 0.84x | 2.34x | NT$-665.69 Million |
| 2009 | -5.01% | -3.38% | 0.67x | 2.22x | NT$-699.88 Million |
| 2010 | 8.74% | 3.61% | 0.98x | 2.46x | NT$-65.54 Million |
| 2011 | 12.96% | 5.07% | 1.03x | 2.48x | NT$194.35 Million |
| 2012 | 14.48% | 6.39% | 0.91x | 2.50x | NT$301.99 Million |
| 2013 | 12.57% | 5.56% | 0.83x | 2.72x | NT$187.12 Million |
| 2014 | 13.39% | 5.95% | 0.85x | 2.65x | NT$273.39 Million |
| 2015 | 11.21% | 5.56% | 0.73x | 2.76x | NT$93.87 Million |
| 2016 | 16.73% | 7.49% | 0.82x | 2.73x | NT$532.82 Million |
| 2017 | 12.97% | 5.15% | 0.82x | 3.06x | NT$233.88 Million |
| 2018 | 13.44% | 4.90% | 0.85x | 3.24x | NT$281.68 Million |
| 2019 | 8.28% | 3.26% | 0.75x | 3.37x | NT$-136.53 Million |
| 2020 | 8.03% | 3.67% | 0.66x | 3.33x | NT$-174.33 Million |
| 2021 | 6.03% | 2.40% | 0.85x | 2.95x | NT$-357.32 Million |
| 2022 | 7.25% | 3.75% | 0.77x | 2.52x | NT$-260.88 Million |
| 2023 | 7.79% | 4.45% | 0.69x | 2.55x | NT$-212.92 Million |
| 2024 | 9.44% | 4.68% | 0.72x | 2.80x | NT$-59.73 Million |
Industry Comparison
This section compares Rechi Precision Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $8,475,870,800
- Average return on equity (ROE) among peers: 8.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rechi Precision Co Ltd (4532) | NT$10.78 Billion | 3.70% | 1.50x | $369.01 Million |
| TECO Electric & Machinery Co Ltd (1504) | $38.74 Billion | 7.18% | 0.82x | $5.07 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $13.37 Billion | 18.21% | 2.12x | $2.68 Billion |
| Anderson Industrial Corp (1528) | $1.60 Billion | 1.06% | 1.03x | $152.81 Million |
| Awea Mechantronic Co Ltd (1530) | $3.13 Billion | 10.64% | 1.48x | $91.05 Million |
| Kaulin Mfg (1531) | $3.64 Billion | 0.82% | 0.20x | $74.30 Million |
| Chiu Ting Machinery Co Ltd (1539) | $793.16 Million | 0.00% | 1.10x | $32.44 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.29 Billion | -0.28% | 0.18x | $59.38 Million |
| Sinmag Equipment (1580) | $3.37 Billion | 18.47% | 0.35x | $192.75 Million |
| Goodway Machine Corp (1583) | $8.41 Billion | 14.92% | 0.77x | $174.40 Million |
| Airtac International Group (1590) | $10.41 Billion | 13.14% | 1.06x | $8.32 Billion |
About Rechi Precision Co Ltd
Rechi Precision Co., Ltd., together with its subsidiary, engages in the assembly, processing, manufacture, repair, and trading of refrigerant compressors and design services worldwide. The company offers compressor business unit, rotary compressors, BLDC, induction, universal, shaded-pole motors, and heat-pump water heaters. It also provides electromechanical components, fine blanking dies, preci… Read more