Rangdong Light source and Vacuum flask JSC
Rang Dong Light Source & Vacuum Flask Joint Stock Company manufactures and sells general lighting products in Vietnam. It operates through Light Bulbs, Thermos Flasks, and Other Products segments. The company offers lamps and tubes; indoor luminaires, including LED panels, battens, ceiling products, cross and linear lights, parking and high bay lights, downlights, and track lights, as well as LED… Read more
Rangdong Light source and Vacuum flask JSC (RAL) - Net Assets
Latest net assets as of December 2025: ₫3.40 Trillion VND
Based on the latest financial reports, Rangdong Light source and Vacuum flask JSC (RAL) has net assets worth ₫3.40 Trillion VND as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫8.08 Trillion) and total liabilities (₫4.68 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫3.40 Trillion |
| % of Total Assets | 42.06% |
| Annual Growth Rate | 25.79% |
| 5-Year Change | 148.24% |
| 10-Year Change | N/A |
| Growth Volatility | 32.11 |
Rangdong Light source and Vacuum flask JSC - Net Assets Trend (2020–2025)
This chart illustrates how Rangdong Light source and Vacuum flask JSC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rangdong Light source and Vacuum flask JSC (2020–2025)
The table below shows the annual net assets of Rangdong Light source and Vacuum flask JSC from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫3.40 Trillion | +2.88% |
| 2024-12-31 | ₫3.30 Trillion | +11.07% |
| 2023-12-31 | ₫2.97 Trillion | +13.45% |
| 2022-12-31 | ₫2.62 Trillion | +91.49% |
| 2021-12-31 | ₫1.37 Trillion | +26.85% |
| 2020-12-31 | ₫1.08 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rangdong Light source and Vacuum flask JSC'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 61.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫302.26 Billion | 8.89% |
| Other Components | ₫3.10 Trillion | 91.11% |
| Total Equity | ₫3.40 Trillion | 100.00% |
Rangdong Light source and Vacuum flask JSC Competitors by Market Cap
The table below lists competitors of Rangdong Light source and Vacuum flask JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nextbike Polska SA
WAR:NXB
|
$32.21K |
|
Finecircuit Co. Ltd.
KO:127980
|
$32.25K |
|
JDC Corporation
F:JDD
|
$32.25K |
|
Essentra PLC
LSE:ESNT
|
$32.30K |
|
Linkgenesis Co. Ltd.
KO:219420
|
$32.20K |
|
ClimateRock Warrant
NASDAQ:CLRCW
|
$32.19K |
|
WEICHAI POWER -H-
MU:WI4
|
$32.19K |
|
JUBILEE HOLDINGS LTD
DSE:JHL
|
$32.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rangdong Light source and Vacuum flask JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,303,554,061,670 to 3,398,678,540,473, a change of 95,124,478,803 (2.9%).
- Net income of 361,133,223,561 contributed positively to equity growth.
- Dividend payments of 117,737,095,000 reduced retained earnings.
- Other factors decreased equity by 148,271,649,758.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫361.13 Billion | +10.63% |
| Dividends Paid | ₫117.74 Billion | -3.46% |
| Other Changes | ₫-148.27 Billion | -4.36% |
| Total Change | ₫- | 2.88% |
Book Value vs Market Value Analysis
This analysis compares Rangdong Light source and Vacuum flask JSC'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: 0.61x
- 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 1.22x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₫71974.37 | ₫87500.00 | x |
| 2021-12-31 | ₫86951.23 | ₫87500.00 | x |
| 2023-12-31 | ₫126309.91 | ₫87500.00 | x |
| 2024-12-31 | ₫140293.68 | ₫87500.00 | x |
| 2025-12-31 | ₫144333.38 | ₫87500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rangdong Light source and Vacuum flask JSC 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): 10.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.68%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 2.38x
- Recent ROE (10.63%) is below the historical average (21.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 31.14% | 6.83% | 1.22x | 3.73x | ₫228.15 Billion |
| 2021 | 29.09% | 6.98% | 1.06x | 3.94x | ₫261.33 Billion |
| 2022 | 18.53% | 7.03% | 1.03x | 2.56x | ₫223.66 Billion |
| 2023 | 19.64% | 7.03% | 1.07x | 2.61x | ₫286.84 Billion |
| 2024 | 17.95% | 7.10% | 1.01x | 2.52x | ₫262.73 Billion |
| 2025 | 10.63% | 5.68% | 0.79x | 2.38x | ₫21.27 Billion |
Industry Comparison
This section compares Rangdong Light source and Vacuum flask JSC's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $11,098,112,113,674
- Average return on equity (ROE) among peers: 2.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rangdong Light source and Vacuum flask JSC (RAL) | ₫3.40 Trillion | 31.14% | 1.38x | $32.20K |
| Dien Quang JSC (DQC) | $972.47 Billion | 2.93% | 0.54x | $5.06 Million |
| Gelex Group JSC (GEX) | $21.22 Trillion | 1.56% | 1.60x | $895.44 Million |