RAC Electric Vehicles Inc.
RAC Electric Vehicles Inc., together with its subsidiaries, develops, manufactures, and sells electric commercial vehicles in Taiwan and internationally. The company offers electric buses. It also engages in the manufacture and wholesale of batteries; manufacture and retail of automobile and motorcycle parts; and manufacture and sale of public transportation domestic bus dynamic information manag… Read more
RAC Electric Vehicles Inc. (2237) - Total Assets
Latest total assets as of June 2025: NT$2.81 Billion TWD
Based on the latest financial reports, RAC Electric Vehicles Inc. (2237) holds total assets worth NT$2.81 Billion TWD as of June 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.
RAC Electric Vehicles Inc. - Total Assets Trend (2020–2024)
This chart illustrates how RAC Electric Vehicles Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
RAC Electric Vehicles Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
RAC Electric Vehicles Inc.'s total assets of NT$2.81 Billion consist of 70.8% current assets and 29.2% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 6.4% |
| Accounts Receivable | NT$1.23 Billion | 47.9% |
| Inventory | NT$351.91 Million | 13.7% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$32.39 Million | 1.3% |
| Goodwill | NT$6.18 Million | 0.2% |
Asset Composition Trend (2020–2024)
This chart illustrates how RAC Electric Vehicles Inc.'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: RAC Electric Vehicles Inc.'s current assets represent 70.8% of total assets in 2024, a decrease from 82.0% in 2020.
- Cash Position: Cash and equivalents constituted 6.4% of total assets in 2024, down from 17.2% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 47.9% of total assets.
RAC Electric Vehicles Inc. Competitors by Total Assets
Key competitors of RAC Electric Vehicles Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ellwee AB
ST:ELLWEE
|
Sweden | Skr5.80 Million |
|
Kia Corp
KO:000270
|
Korea | ₩97.98 Trillion |
|
Weichai Power Co Ltd Class A
SHE:000338
|
China | CN¥364.32 Billion |
|
Haima Automobile Group Co Ltd
SHE:000572
|
China | CN¥4.80 Billion |
|
Chongqing Changan Automobile Co Ltd
SHE:000625
|
China | CN¥185.63 Billion |
|
Faw Car Co Ltd
SHE:000800
|
China | CN¥76.20 Billion |
|
Anhui Ankai Automobile Co Ltd
SHE:000868
|
China | CN¥4.25 Billion |
|
Kunming Yunnei Power Co Ltd
SHE:000903
|
China | CN¥10.27 Billion |
RAC Electric Vehicles Inc. - 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
Moderate asset utilization - RAC Electric Vehicles Inc. generates 0.50x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - RAC Electric Vehicles Inc. is currently not profitable relative to its asset base.
RAC Electric Vehicles Inc. - 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 | 1.59 | 1.92 | 3.42 |
| Quick Ratio | 1.32 | 1.30 | 2.53 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$812.42 Million | NT$ 779.24 Million | NT$ 276.36 Million |
RAC Electric Vehicles Inc. - Advanced Valuation Insights
This section examines the relationship between RAC Electric Vehicles Inc.'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 | 3.44 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 1.8% |
| Total Assets | NT$2.57 Billion |
| Market Capitalization | $28.81 Million USD |
Valuation Analysis
Below Book Valuation: The market values RAC Electric Vehicles Inc.'s assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: RAC Electric Vehicles Inc.'s assets grew by 1.8% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for RAC Electric Vehicles Inc. (2020–2024)
The table below shows the annual total assets of RAC Electric Vehicles Inc. from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.57 Billion | +1.79% |
| 2023-12-31 | NT$2.53 Billion | +20.72% |
| 2022-12-31 | NT$2.09 Billion | +28.77% |
| 2021-12-31 | NT$1.63 Billion | +103.23% |
| 2020-12-31 | NT$800.11 Million | -- |