United Renewable Energy Co Ltd
United Renewable Energy Co., Ltd. engages in the research, design, development, manufacture, and sale of solar cells and related systems, solar power generation modules, and wafers in Taiwan, Europe, the United States, Singapore, and internationally. It operates through the Solar Energy and Other segments. The company offers photovoltaic optimizer; inverter; and energy storage systems, including … Read more
United Renewable Energy Co Ltd (3576) - Total Assets
Latest total assets as of September 2025: NT$24.61 Billion TWD
Based on the latest financial reports, United Renewable Energy Co Ltd (3576) holds total assets worth NT$24.61 Billion TWD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
United Renewable Energy Co Ltd - Total Assets Trend (2006–2024)
This chart illustrates how United Renewable Energy Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
United Renewable Energy Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
United Renewable Energy Co Ltd's total assets of NT$24.61 Billion consist of 38.7% current assets and 61.3% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 24.5% |
| Accounts Receivable | NT$863.08 Million | 3.1% |
| Inventory | NT$1.37 Billion | 5.0% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$3.36 Million | 0.0% |
| Goodwill | NT$42.20 Million | 0.2% |
Asset Composition Trend (2006–2024)
This chart illustrates how United Renewable Energy Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: United Renewable Energy Co Ltd's current assets represent 38.7% of total assets in 2024, a decrease from 55.4% in 2006.
- Cash Position: Cash and equivalents constituted 24.5% of total assets in 2024, up from 11.2% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2006.
- Asset Diversification: The largest asset category is inventory at 5.0% of total assets.
United Renewable Energy Co Ltd Competitors by Total Assets
Key competitors of United Renewable Energy Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Topraysolar Co Ltd
SHE:002218
|
China | CN¥6.66 Billion |
|
JA Solar Technology Co Ltd
SHE:002459
|
China | CN¥105.38 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
China | CN¥19.27 Billion |
|
Changzhou Almaden Co Ltd
SHE:002623
|
China | CN¥5.75 Billion |
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865
|
China | CN¥18.01 Billion |
|
Hanwha Solutions
KO:009830
|
Korea | ₩32.26 Trillion |
|
Hanwha Chemical Corp Pref
KO:009835
|
Korea | ₩32.26 Trillion |
|
Trive Property Group Bhd
KLSE:0118
|
Malaysia | RM126.77 Million |
United Renewable Energy Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - United Renewable Energy Co Ltd generates 0.21x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - United Renewable Energy Co Ltd is currently not profitable relative to its asset base.
United Renewable Energy Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.90 | 1.19 | 1.25 |
| Quick Ratio | 0.78 | 1.08 | 0.94 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$-947.66 Million | NT$ 1.98 Billion | NT$ 2.86 Billion |
United Renewable Energy Co Ltd - Advanced Valuation Insights
This section examines the relationship between United Renewable Energy Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.53 |
| Latest Market Cap to Assets Ratio | 0.04 |
| Asset Growth Rate (YoY) | -3.9% |
| Total Assets | NT$27.63 Billion |
| Market Capitalization | $980.87 Million USD |
Valuation Analysis
Below Book Valuation: The market values United Renewable Energy Co Ltd's assets below their book value (0.04 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: United Renewable Energy Co Ltd's assets decreased by 3.9% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for United Renewable Energy Co Ltd (2006–2024)
The table below shows the annual total assets of United Renewable Energy Co Ltd from 2006 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$27.63 Billion | -3.85% |
| 2023-12-31 | NT$28.74 Billion | -16.04% |
| 2022-12-31 | NT$34.23 Billion | +9.66% |
| 2021-12-31 | NT$31.22 Billion | -3.84% |
| 2020-12-31 | NT$32.46 Billion | -31.27% |
| 2019-12-31 | NT$47.23 Billion | -18.97% |
| 2018-12-31 | NT$58.29 Billion | +70.20% |
| 2017-12-31 | NT$34.25 Billion | -7.08% |
| 2016-12-31 | NT$36.85 Billion | -5.75% |
| 2015-12-31 | NT$39.10 Billion | +4.76% |
| 2014-12-31 | NT$37.32 Billion | +8.78% |
| 2013-12-31 | NT$34.31 Billion | +62.85% |
| 2012-12-31 | NT$21.07 Billion | -4.79% |
| 2011-12-31 | NT$22.13 Billion | +6.81% |
| 2010-12-31 | NT$20.72 Billion | +77.13% |
| 2009-12-31 | NT$11.70 Billion | +6.69% |
| 2008-12-31 | NT$10.96 Billion | +168.31% |
| 2007-12-31 | NT$4.09 Billion | +338.99% |
| 2006-12-31 | NT$930.88 Million | -- |