Ruentex Development Co Ltd (9945) - Net Assets
Based on the latest financial reports, Ruentex Development Co Ltd (9945) has net assets worth NT$107.47 Billion TWD (≈ $3.39 Billion 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$193.88 Billion ≈ $6.11 Billion USD) and total liabilities (NT$86.41 Billion ≈ $2.72 Billion 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 9945 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$107.47 Billion |
| % of Total Assets | 55.43% |
| Annual Growth Rate | 12.32% |
| 5-Year Change | -6.02% |
| 10-Year Change | 240.97% |
| Growth Volatility | 39.13 |
Ruentex Development Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Ruentex Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 9945 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ruentex Development Co Ltd (2002–2024)
The table below shows the annual net assets of Ruentex Development Co Ltd from 2002 to 2024. For live valuation and market cap data, see Ruentex Development Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$111.80 Billion ≈ $3.52 Billion |
+9.81% |
| 2023-12-31 | NT$101.82 Billion ≈ $3.21 Billion |
+18.24% |
| 2022-12-31 | NT$86.11 Billion ≈ $2.71 Billion |
-30.05% |
| 2021-12-31 | NT$123.10 Billion ≈ $3.88 Billion |
+3.48% |
| 2020-12-31 | NT$118.97 Billion ≈ $3.75 Billion |
+39.32% |
| 2019-12-31 | NT$85.39 Billion ≈ $2.69 Billion |
+142.05% |
| 2018-12-31 | NT$35.28 Billion ≈ $1.11 Billion |
-32.99% |
| 2017-12-31 | NT$52.65 Billion ≈ $1.66 Billion |
+44.89% |
| 2016-12-31 | NT$36.34 Billion ≈ $1.14 Billion |
+10.82% |
| 2015-12-31 | NT$32.79 Billion ≈ $1.03 Billion |
-40.97% |
| 2014-12-31 | NT$55.54 Billion ≈ $1.75 Billion |
+12.29% |
| 2013-12-31 | NT$49.46 Billion ≈ $1.56 Billion |
+94.51% |
| 2012-12-31 | NT$25.43 Billion ≈ $801.18 Million |
+23.41% |
| 2011-12-31 | NT$20.61 Billion ≈ $649.19 Million |
+46.59% |
| 2010-12-31 | NT$14.06 Billion ≈ $442.86 Million |
+13.00% |
| 2009-12-31 | NT$12.44 Billion ≈ $391.92 Million |
+17.58% |
| 2008-12-31 | NT$10.58 Billion ≈ $333.33 Million |
-0.67% |
| 2007-12-31 | NT$10.65 Billion ≈ $335.58 Million |
-3.98% |
| 2006-12-31 | NT$11.09 Billion ≈ $349.48 Million |
+21.53% |
| 2005-12-31 | NT$9.13 Billion ≈ $287.57 Million |
+3.07% |
| 2004-12-31 | NT$8.86 Billion ≈ $278.99 Million |
+2.16% |
| 2003-12-31 | NT$8.67 Billion ≈ $273.09 Million |
-0.11% |
| 2002-12-31 | NT$8.68 Billion ≈ $273.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ruentex Development 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 44164.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$30.58 Billion | 30.18% |
| Other Components | NT$70.74 Billion | 69.82% |
| Total Equity | NT$101.32 Billion | 100.00% |
Ruentex Development Co Ltd Competitors by Market Cap
The table below lists competitors of Ruentex Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TietoEVRY Corp
HE:TIETO
|
$2.11 Billion |
|
Viet Nam International Commercial Joint Stock Bank
VN:VIB
|
$2.11 Billion |
|
Aurora Optoelectronics Co Ltd
SHG:600666
|
$2.11 Billion |
|
SHARP CORP. ADR/1 O.N.
F:SRPB
|
$2.11 Billion |
|
Compania Cervecerias Unidas SA
SN:CCU
|
$2.11 Billion |
|
Hunan Zhongke Electric
SHE:300035
|
$2.11 Billion |
|
Chow Tai Seng Jewellery Co Ltd
SHE:002867
|
$2.11 Billion |
|
Organon & Co
NYSE:OGN
|
$2.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ruentex Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 94,445,889,000 to 101,319,891,000, a change of 6,874,002,000 (7.3%).
- Net income of 16,562,974,000 contributed positively to equity growth.
- Dividend payments of 4,266,338,000 reduced retained earnings.
- Other comprehensive income increased equity by 26,048,552,000.
- Other factors decreased equity by 31,471,186,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$16.56 Billion | +16.35% |
| Dividends Paid | NT$4.27 Billion | -4.21% |
| Other Comprehensive Income | NT$26.05 Billion | +25.71% |
| Other Changes | NT$-31.47 Billion | -31.06% |
| Total Change | NT$- | 7.28% |
Book Value vs Market Value Analysis
This analysis compares Ruentex Development 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: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.18x to 0.66x 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$5.64 | NT$23.60 | x |
| 2007-12-31 | NT$5.33 | NT$23.60 | x |
| 2008-12-31 | NT$5.08 | NT$23.60 | x |
| 2009-12-31 | NT$5.75 | NT$23.60 | x |
| 2010-12-31 | NT$6.38 | NT$23.60 | x |
| 2011-12-31 | NT$10.41 | NT$23.60 | x |
| 2012-12-31 | NT$9.81 | NT$23.60 | x |
| 2013-12-31 | NT$18.65 | NT$23.60 | x |
| 2014-12-31 | NT$19.70 | NT$23.60 | x |
| 2015-12-31 | NT$10.23 | NT$23.60 | x |
| 2016-12-31 | NT$10.59 | NT$23.60 | x |
| 2017-12-31 | NT$9.51 | NT$23.60 | x |
| 2018-12-31 | NT$7.13 | NT$23.60 | x |
| 2019-12-31 | NT$26.47 | NT$23.60 | x |
| 2020-12-31 | NT$37.38 | NT$23.60 | x |
| 2021-12-31 | NT$38.24 | NT$23.60 | x |
| 2022-12-31 | NT$25.79 | NT$23.60 | x |
| 2023-12-31 | NT$32.35 | NT$23.60 | x |
| 2024-12-31 | NT$35.75 | NT$23.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ruentex Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.06%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.91x
- Recent ROE (16.35%) is above the historical average (14.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.97% | 1.10% | 0.33x | 2.65x | NT$-753.11 Million |
| 2003 | 0.08% | 0.08% | 0.34x | 2.85x | NT$-813.58 Million |
| 2004 | 3.14% | 2.52% | 0.39x | 3.17x | NT$-571.74 Million |
| 2005 | 3.55% | 2.09% | 0.58x | 2.93x | NT$-546.46 Million |
| 2006 | 15.50% | 7.58% | 0.86x | 2.38x | NT$559.48 Million |
| 2007 | 12.03% | 6.32% | 0.75x | 2.55x | NT$196.31 Million |
| 2008 | 6.95% | 2.82% | 0.89x | 2.79x | NT$-280.59 Million |
| 2009 | 4.92% | 3.42% | 0.55x | 2.64x | NT$-530.00 Million |
| 2010 | 9.26% | 6.87% | 0.51x | 2.66x | NT$-83.32 Million |
| 2011 | 13.02% | 33.03% | 0.23x | 1.68x | NT$623.07 Million |
| 2012 | 14.81% | 25.38% | 0.23x | 2.49x | NT$1.10 Billion |
| 2013 | 66.17% | 202.58% | 0.18x | 1.86x | NT$25.97 Billion |
| 2014 | 12.70% | 53.44% | 0.12x | 1.94x | NT$1.40 Billion |
| 2015 | 27.80% | 61.63% | 0.17x | 2.59x | NT$5.12 Billion |
| 2016 | 24.54% | 60.53% | 0.17x | 2.40x | NT$4.70 Billion |
| 2017 | 23.03% | 102.31% | 0.10x | 2.15x | NT$6.32 Billion |
| 2018 | 32.15% | 66.84% | 0.17x | 2.79x | NT$6.84 Billion |
| 2019 | 11.21% | 52.54% | 0.11x | 1.86x | NT$978.67 Million |
| 2020 | 7.49% | 44.84% | 0.10x | 1.63x | NT$-2.87 Billion |
| 2021 | 14.68% | 62.86% | 0.14x | 1.64x | NT$5.47 Billion |
| 2022 | 11.62% | 28.39% | 0.20x | 2.09x | NT$1.28 Billion |
| 2023 | 8.20% | 28.27% | 0.15x | 1.87x | NT$-1.70 Billion |
| 2024 | 16.35% | 52.06% | 0.16x | 1.91x | NT$6.43 Billion |
Industry Comparison
This section compares Ruentex Development Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $6,159,124,900
- Average return on equity (ROE) among peers: 10.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ruentex Development Co Ltd (9945) | NT$107.47 Billion | 0.97% | 0.80x | $2.11 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 |
| Ruentex Engineering & Construction Co Ltd (2597) | $3.92 Billion | 7.45% | 1.71x | $1.54 Billion |
About Ruentex Development Co Ltd
Ruentex Development Co.,Ltd. engages in construction business in Taiwan and internationally. It operates through Construction Business; Commercial Real Estate; Building Materials; Wholesale Business; and Other Operating Departments segments. The company involved in the construction of residential buildings through subcontracting; lease and sale of commercial buildings; trading of construction mat… Read more