Gold Rain Enterprises (4503) - Net Assets
Based on the latest financial reports, Gold Rain Enterprises (4503) has net assets worth NT$1.49 Billion TWD (≈ $47.05 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.66 Billion ≈ $52.23 Million USD) and total liabilities (NT$164.53 Million ≈ $5.18 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 how resilient are Gold Rain Enterprises's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.49 Billion |
| % of Total Assets | 90.08% |
| Annual Growth Rate | 18.6% |
| 5-Year Change | 214.42% |
| 10-Year Change | N/A |
| Growth Volatility | 32.28 |
Gold Rain Enterprises - Net Assets Trend (2017–2024)
This chart illustrates how Gold Rain Enterprises's net assets have evolved over time, based on quarterly financial data. Also explore Gold Rain Enterprises balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Gold Rain Enterprises (2017–2024)
The table below shows the annual net assets of Gold Rain Enterprises from 2017 to 2024. For live valuation and market cap data, see 4503 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.51 Billion ≈ $47.64 Million |
+71.99% |
| 2023-12-31 | NT$879.13 Million ≈ $27.70 Million |
+48.52% |
| 2022-12-31 | NT$591.91 Million ≈ $18.65 Million |
+33.20% |
| 2021-12-31 | NT$444.39 Million ≈ $14.00 Million |
-7.59% |
| 2020-12-31 | NT$480.88 Million ≈ $15.15 Million |
-29.66% |
| 2019-12-31 | NT$683.69 Million ≈ $21.54 Million |
+37.73% |
| 2018-12-31 | NT$496.42 Million ≈ $15.64 Million |
+8.40% |
| 2017-12-31 | NT$457.95 Million ≈ $14.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gold Rain Enterprises'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 18053800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.70 Billion | 113.02% |
| Total Equity | NT$1.51 Billion | 100.00% |
Gold Rain Enterprises Competitors by Market Cap
The table below lists competitors of Gold Rain Enterprises ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
I-Berhad
KLSE:4251
|
$109.58 Million |
|
KOLIBRI GLOBAL ENERGY INC
F:B120
|
$109.61 Million |
|
Trans Power Marine Tbk
JK:TPMA
|
$109.61 Million |
|
AN2 Therapeutics Inc
NASDAQ:ANTX
|
$109.62 Million |
|
LINMON MEDIA LTD -000025
F:8MN
|
$109.52 Million |
|
Taiwan Fructose Co Ltd
TWO:4207
|
$109.46 Million |
|
Sambo Corrugated Board Co. Ltd
KQ:023600
|
$109.46 Million |
|
GRP Limited
NSE:GRPLTD
|
$109.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold Rain Enterprises's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 874,295,000 to 1,507,213,000, a change of 632,918,000 (72.4%).
- Net loss of 78,835,000 reduced equity.
- New share issuances of 682,620,000 increased equity.
- Other factors increased equity by 29,133,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-78.83 Million | -5.23% |
| Share Issuances | NT$682.62 Million | +45.29% |
| Other Changes | NT$29.13 Million | +1.93% |
| Total Change | NT$- | 72.39% |
Book Value vs Market Value Analysis
This analysis compares Gold Rain Enterprises'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 decreased from 3.81x to 2.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$11.66 | NT$44.40 | x |
| 2018-12-31 | NT$12.64 | NT$44.40 | x |
| 2019-12-31 | NT$12.70 | NT$44.40 | x |
| 2020-12-31 | NT$12.25 | NT$44.40 | x |
| 2021-12-31 | NT$11.32 | NT$44.40 | x |
| 2022-12-31 | NT$13.32 | NT$44.40 | x |
| 2023-12-31 | NT$14.54 | NT$44.40 | x |
| 2024-12-31 | NT$19.25 | NT$44.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold Rain Enterprises utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.77%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.13x
- Recent ROE (-5.23%) is below the historical average (-1.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.76% | 11.61% | 0.64x | 1.18x | NT$-5.69 Million |
| 2018 | 7.34% | 11.22% | 0.53x | 1.23x | NT$-13.22 Million |
| 2019 | 5.25% | 6.54% | 0.59x | 1.37x | NT$-23.70 Million |
| 2020 | -2.47% | -5.92% | 0.32x | 1.30x | NT$-59.97 Million |
| 2021 | -7.47% | -24.71% | 0.19x | 1.57x | NT$-77.63 Million |
| 2022 | -6.32% | -21.33% | 0.23x | 1.28x | NT$-96.59 Million |
| 2023 | -8.73% | -27.77% | 0.28x | 1.13x | NT$-163.74 Million |
| 2024 | -5.23% | -22.77% | 0.20x | 1.13x | NT$-229.56 Million |
Industry Comparison
This section compares Gold Rain Enterprises's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $2,012,098,222
- Average return on equity (ROE) among peers: 5.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gold Rain Enterprises (4503) | NT$1.49 Billion | 8.76% | 0.11x | $109.55 Million |
| Globe Industries Corp (1324) | $972.29 Million | 1.68% | 0.28x | $24.97 Million |
| Mercuries Data Systems Ltd (2427) | $2.19 Billion | 5.29% | 1.06x | $131.62 Million |
| Huxen Corp (2433) | $4.91 Billion | 10.75% | 0.72x | $206.45 Million |
| Uniform Industrial Corp (2482) | $729.52 Million | -4.22% | 0.56x | $41.35 Million |
| Castles Technology Co Ltd (5258) | $1.62 Billion | 18.62% | 0.85x | $164.50 Million |
| TECO Image Systems Co Ltd (5438) | $1.70 Billion | 0.05% | 0.40x | $67.36 Million |
| XAC Automation (5490) | $1.61 Billion | 8.27% | 0.40x | $80.27 Million |
| General Plastic Industrial Co Ltd (6128) | $3.43 Billion | 1.21% | 0.96x | $82.20 Million |
| Cipherlab Co Ltd (6160) | $936.72 Million | 4.39% | 0.28x | $33.88 Million |
About Gold Rain Enterprises
Gold Rain Enterprises Corp. research and develops, manufactures, and sells vending machines in Taiwan, China, Japan, the United States, and the Southeast Asian countries. The company offers beverage, food, and lifting vending machines and OEM/ODM products; OEM GoStation; and OEM IGT lottery machines. It also provides supply services, such as customer product design, system, integration, developme… Read more