Rich Development Co Ltd (5512) - Net Assets
Based on the latest financial reports, Rich Development Co Ltd (5512) has net assets worth NT$18.29 Billion TWD (≈ $576.33 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$44.98 Billion ≈ $1.42 Billion USD) and total liabilities (NT$26.69 Billion ≈ $840.93 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 5512 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$18.29 Billion |
| % of Total Assets | 40.66% |
| Annual Growth Rate | 6.93% |
| 5-Year Change | 3.36% |
| 10-Year Change | 15.12% |
| Growth Volatility | 7.95 |
Rich Development Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Rich Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See 5512 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Rich Development Co Ltd (2006–2024)
The table below shows the annual net assets of Rich Development Co Ltd from 2006 to 2024. For live valuation and market cap data, see market value of Rich Development Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$18.44 Billion ≈ $581.05 Million |
+6.19% |
| 2023-12-31 | NT$17.37 Billion ≈ $547.19 Million |
+2.76% |
| 2022-12-31 | NT$16.90 Billion ≈ $532.50 Million |
-2.95% |
| 2021-12-31 | NT$17.42 Billion ≈ $548.67 Million |
-2.40% |
| 2020-12-31 | NT$17.84 Billion ≈ $562.18 Million |
+0.42% |
| 2019-12-31 | NT$17.77 Billion ≈ $559.84 Million |
+3.84% |
| 2018-12-31 | NT$17.11 Billion ≈ $539.11 Million |
-2.20% |
| 2017-12-31 | NT$17.50 Billion ≈ $551.22 Million |
+2.04% |
| 2016-12-31 | NT$17.15 Billion ≈ $540.19 Million |
+7.02% |
| 2015-12-31 | NT$16.02 Billion ≈ $504.75 Million |
+9.23% |
| 2014-12-31 | NT$14.67 Billion ≈ $462.09 Million |
+8.26% |
| 2013-12-31 | NT$13.55 Billion ≈ $426.85 Million |
+7.06% |
| 2012-12-31 | NT$12.65 Billion ≈ $398.70 Million |
+18.37% |
| 2011-12-31 | NT$10.69 Billion ≈ $336.84 Million |
+1.28% |
| 2010-12-31 | NT$10.56 Billion ≈ $332.59 Million |
+16.61% |
| 2009-12-31 | NT$9.05 Billion ≈ $285.22 Million |
+24.44% |
| 2008-12-31 | NT$7.27 Billion ≈ $229.20 Million |
+21.18% |
| 2007-12-31 | NT$6.00 Billion ≈ $189.14 Million |
+8.82% |
| 2006-12-31 | NT$5.52 Billion ≈ $173.81 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Rich 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 165.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.96 Billion | 28.92% |
| Other Components | NT$9.73 Billion | 71.08% |
| Total Equity | NT$13.69 Billion | 100.00% |
Rich Development Co Ltd Competitors by Market Cap
The table below lists competitors of Rich Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
QuantaSing Group Limited American Depositary Shares
NASDAQ:QSG
|
$190.34 Million |
|
CHINA KEPEI ED. DL-00001
F:9CK
|
$190.35 Million |
|
FineTek Co Ltd
TWO:4549
|
$190.36 Million |
|
Bell Equipment Limited
JSE:BEL
|
$190.52 Million |
|
WW International, Inc. Common Stock
NASDAQ:WW
|
$190.25 Million |
|
Sakar Healthcare Limited
NSE:SAKAR
|
$190.24 Million |
|
Circio Holding ASA
OL:CRNA
|
$190.23 Million |
|
Astec LifeSciences Limited
NSE:ASTEC
|
$190.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rich Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,639,417,000 to 13,685,723,000, a change of 46,306,000 (0.3%).
- Net income of 128,232,000 contributed positively to equity growth.
- Dividend payments of 193,016,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,559,670,000.
- Other factors increased equity by 1,670,760,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$128.23 Million | +0.94% |
| Dividends Paid | NT$193.02 Million | -1.41% |
| Other Comprehensive Income | NT$-1.56 Billion | -11.4% |
| Other Changes | NT$1.67 Billion | +12.21% |
| Total Change | NT$- | 0.34% |
Book Value vs Market Value Analysis
This analysis compares Rich 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: 0.44x
- 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 0.69x to 0.44x 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$11.50 | NT$7.95 | x |
| 2007-12-31 | NT$10.15 | NT$7.95 | x |
| 2008-12-31 | NT$10.32 | NT$7.95 | x |
| 2009-12-31 | NT$12.75 | NT$7.95 | x |
| 2010-12-31 | NT$13.43 | NT$7.95 | x |
| 2011-12-31 | NT$13.98 | NT$7.95 | x |
| 2012-12-31 | NT$15.45 | NT$7.95 | x |
| 2013-12-31 | NT$16.85 | NT$7.95 | x |
| 2014-12-31 | NT$18.04 | NT$7.95 | x |
| 2015-12-31 | NT$17.92 | NT$7.95 | x |
| 2016-12-31 | NT$17.97 | NT$7.95 | x |
| 2017-12-31 | NT$18.42 | NT$7.95 | x |
| 2018-12-31 | NT$17.87 | NT$7.95 | x |
| 2019-12-31 | NT$18.44 | NT$7.95 | x |
| 2020-12-31 | NT$18.19 | NT$7.95 | x |
| 2021-12-31 | NT$18.29 | NT$7.95 | x |
| 2022-12-31 | NT$17.90 | NT$7.95 | x |
| 2023-12-31 | NT$18.49 | NT$7.95 | x |
| 2024-12-31 | NT$18.01 | NT$7.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rich 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): 0.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.15%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.02x
- Recent ROE (0.94%) is below the historical average (5.08%), 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 | 11.70% | 24.33% | 0.15x | 3.26x | NT$88.08 Million |
| 2007 | 4.21% | 5.39% | 0.19x | 4.13x | NT$-322.58 Million |
| 2008 | 2.68% | 5.24% | 0.13x | 3.82x | NT$-494.66 Million |
| 2009 | 9.71% | 17.84% | 0.19x | 2.92x | NT$-24.70 Million |
| 2010 | 12.59% | 26.72% | 0.17x | 2.84x | NT$257.16 Million |
| 2011 | 7.32% | 23.05% | 0.12x | 2.59x | NT$-269.46 Million |
| 2012 | 16.04% | 24.69% | 0.28x | 2.34x | NT$714.44 Million |
| 2013 | 5.56% | 27.02% | 0.09x | 2.31x | NT$-568.50 Million |
| 2014 | 9.04% | 19.42% | 0.21x | 2.20x | NT$-130.05 Million |
| 2015 | 1.08% | 7.59% | 0.06x | 2.42x | NT$-1.20 Billion |
| 2016 | 0.99% | 4.85% | 0.08x | 2.60x | NT$-1.20 Billion |
| 2017 | 5.10% | 12.12% | 0.16x | 2.66x | NT$-666.02 Million |
| 2018 | 0.55% | 1.23% | 0.15x | 2.94x | NT$-1.25 Billion |
| 2019 | 6.08% | 10.58% | 0.19x | 2.97x | NT$-533.55 Million |
| 2020 | 0.77% | 1.61% | 0.15x | 3.25x | NT$-1.24 Billion |
| 2021 | 1.34% | 3.15% | 0.14x | 3.02x | NT$-1.17 Billion |
| 2022 | -0.97% | -2.03% | 0.16x | 3.04x | NT$-1.45 Billion |
| 2023 | 1.76% | 3.12% | 0.19x | 2.95x | NT$-1.12 Billion |
| 2024 | 0.94% | 2.15% | 0.14x | 3.02x | NT$-1.24 Billion |
Industry Comparison
This section compares Rich Development Co Ltd's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $1,297,081,000
- Average return on equity (ROE) among peers: 35.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rich Development Co Ltd (5512) | NT$18.29 Billion | 11.70% | 1.46x | $190.31 Million |
| SanDi Properties Co Ltd (1438) | $481.84 Million | 118.51% | 0.23x | $79.01 Million |
| Huang Hsiang Construction Corp (2545) | $1.73 Billion | 7.90% | 1.65x | $464.19 Million |
| Full Wang International Development Co Ltd (6219) | $725.40 Million | 2.73% | 1.78x | $51.77 Million |
| San Far Property Ltd (9946) | $2.25 Billion | 14.55% | 2.15x | $209.53 Million |
About Rich Development Co Ltd
Rich Development Co., Ltd. engages in the construction business. The company operates through the Construction Sector, Wastewater Treatment Sector, and Tourist Hotel Department segments. It is involved in the leasing and sale of residential buildings; construction of commercial buildings; construction of sewage treatment plants and operation of sewage treatment projects; and operation of tourist … Read more