AIRA Factoring Public Company Limited
AIRA Factoring Public Company Limited provides receivable factoring services in Thailand. It offers factoring, supplier financing, long-term, and promissory note loans; and e-factoring and online factoring services. The company was formerly known as Dhanamitr Factoring PLC and changed its name to AIRA Factoring Public Company Limited in September 2011. AIRA Factoring Public Company Limited was in… Read more
AIRA Factoring Public Company Limited (AF) - Net Assets
Latest net assets as of September 2025: ฿524.59 Million THB
Based on the latest financial reports, AIRA Factoring Public Company Limited (AF) has net assets worth ฿524.59 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.44 Billion) and total liabilities (฿1.92 Billion). 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 | ฿524.59 Million |
| % of Total Assets | 21.46% |
| Annual Growth Rate | 8.26% |
| 5-Year Change | -0.78% |
| 10-Year Change | -9.53% |
| Growth Volatility | 21.22 |
AIRA Factoring Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how AIRA Factoring Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AIRA Factoring Public Company Limited (2003–2024)
The table below shows the annual net assets of AIRA Factoring Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿517.18 Million | -2.87% |
| 2023-12-31 | ฿532.44 Million | +1.30% |
| 2022-12-31 | ฿525.62 Million | -0.97% |
| 2021-12-31 | ฿530.76 Million | +1.83% |
| 2020-12-31 | ฿521.24 Million | -1.35% |
| 2019-12-31 | ฿528.38 Million | +0.41% |
| 2018-12-31 | ฿526.22 Million | -3.50% |
| 2017-12-31 | ฿545.30 Million | +1.08% |
| 2016-12-31 | ฿539.46 Million | -5.63% |
| 2015-12-31 | ฿571.67 Million | +62.66% |
| 2014-12-31 | ฿351.45 Million | -0.83% |
| 2013-12-31 | ฿354.41 Million | +5.38% |
| 2012-12-31 | ฿336.30 Million | +1.21% |
| 2011-12-31 | ฿332.27 Million | +45.70% |
| 2010-12-31 | ฿228.05 Million | +10.05% |
| 2009-12-31 | ฿207.22 Million | +7.28% |
| 2008-12-31 | ฿193.16 Million | +10.83% |
| 2007-12-31 | ฿174.29 Million | +16.43% |
| 2006-12-31 | ฿149.69 Million | +17.43% |
| 2005-12-31 | ฿127.47 Million | -20.73% |
| 2004-12-31 | ฿160.81 Million | +64.65% |
| 2003-12-31 | ฿97.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AIRA Factoring Public Company Limited'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 82.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.73 Million | 0.53% |
| Common Stock | ฿400.00 Million | 77.34% |
| Other Comprehensive Income | ฿38.21 Million | 7.39% |
| Other Components | ฿76.25 Million | 14.74% |
| Total Equity | ฿517.18 Million | 100.00% |
AIRA Factoring Public Company Limited Competitors by Market Cap
The table below lists competitors of AIRA Factoring Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Moab Minerals Ltd
AU:MOM
|
$1.14 Million |
|
K9 Gold Corp
OTCQB:WDFCF
|
$1.14 Million |
|
Baroyeca Gold & Silver Inc
PINK:BRYGF
|
$1.14 Million |
|
CDN TIRE CORP -A-
MU:YAAA
|
$1.14 Million |
|
Diamcor Mining Inc
OTCQB:DMIFF
|
$1.13 Million |
|
Zenicor Medical Systems AB
ST:ZENI
|
$1.13 Million |
|
DCM Financial Services Limited
NSE:DCMFINSERV
|
$1.13 Million |
|
HCW Biologics Inc
NASDAQ:HCWB
|
$1.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AIRA Factoring Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 532,442,284 to 517,184,036, a change of -15,258,248 (-2.9%).
- Net income of 16,741,752 contributed positively to equity growth.
- Dividend payments of 32,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 838,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿16.74 Million | +3.24% |
| Dividends Paid | ฿32.00 Million | -6.19% |
| Other Comprehensive Income | ฿838.00K | +0.16% |
| Other Changes | ฿-838.00K | -0.16% |
| Total Change | ฿- | -2.87% |
Book Value vs Market Value Analysis
This analysis compares AIRA Factoring Public Company Limited'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: 1.14x
- 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 2.21x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿0.17 | ฿0.37 | x |
| 2004-12-31 | ฿0.17 | ฿0.37 | x |
| 2005-12-31 | ฿0.12 | ฿0.37 | x |
| 2006-12-31 | ฿0.14 | ฿0.37 | x |
| 2007-12-31 | ฿0.16 | ฿0.37 | x |
| 2008-12-31 | ฿0.17 | ฿0.37 | x |
| 2009-12-31 | ฿0.19 | ฿0.37 | x |
| 2010-12-31 | ฿0.21 | ฿0.37 | x |
| 2011-12-31 | ฿0.41 | ฿0.37 | x |
| 2012-12-31 | ฿0.27 | ฿0.37 | x |
| 2013-12-31 | ฿0.28 | ฿0.37 | x |
| 2014-12-31 | ฿0.28 | ฿0.37 | x |
| 2015-12-31 | ฿0.56 | ฿0.37 | x |
| 2016-12-31 | ฿0.34 | ฿0.37 | x |
| 2017-12-31 | ฿0.34 | ฿0.37 | x |
| 2018-12-31 | ฿0.33 | ฿0.37 | x |
| 2019-12-31 | ฿0.33 | ฿0.37 | x |
| 2020-12-31 | ฿0.33 | ฿0.37 | x |
| 2021-12-31 | ฿0.33 | ฿0.37 | x |
| 2022-12-31 | ฿0.33 | ฿0.37 | x |
| 2023-12-31 | ฿0.33 | ฿0.37 | x |
| 2024-12-31 | ฿0.32 | ฿0.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AIRA Factoring Public Company Limited 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): 3.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.57%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 4.65x
- Recent ROE (3.24%) is below the historical average (9.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 11.36% | 28.94% | 0.05x | 7.40x | ฿1.32 Million |
| 2004 | 12.00% | 30.25% | 0.06x | 7.10x | ฿3.21 Million |
| 2005 | -18.31% | -25.31% | 0.11x | 6.77x | ฿-36.09 Million |
| 2006 | 14.84% | 21.09% | 0.09x | 7.72x | ฿7.25 Million |
| 2007 | 19.85% | 25.90% | 0.10x | 7.45x | ฿17.17 Million |
| 2008 | 20.13% | 26.90% | 0.11x | 6.90x | ฿19.56 Million |
| 2009 | 18.37% | 31.97% | 0.08x | 7.08x | ฿17.34 Million |
| 2010 | 20.10% | 33.54% | 0.07x | 8.55x | ฿23.03 Million |
| 2011 | 15.44% | 33.13% | 0.10x | 4.78x | ฿18.09 Million |
| 2012 | 13.09% | 25.20% | 0.07x | 7.74x | ฿10.41 Million |
| 2013 | 18.26% | 31.60% | 0.07x | 8.13x | ฿29.29 Million |
| 2014 | 7.09% | 13.98% | 0.07x | 7.43x | ฿-10.24 Million |
| 2015 | 0.03% | 0.08% | 0.08x | 4.18x | ฿-57.02 Million |
| 2016 | 9.41% | 27.04% | 0.08x | 4.16x | ฿-3.18 Million |
| 2017 | 9.77% | 24.32% | 0.08x | 5.10x | ฿-1.26 Million |
| 2018 | 9.30% | 21.55% | 0.09x | 4.76x | ฿-3.70 Million |
| 2019 | 7.98% | 18.74% | 0.09x | 4.84x | ฿-10.68 Million |
| 2020 | 8.19% | 21.28% | 0.09x | 4.18x | ฿-9.41 Million |
| 2021 | 9.33% | 25.22% | 0.08x | 4.36x | ฿-3.56 Million |
| 2022 | 8.61% | 20.09% | 0.09x | 4.54x | ฿-7.30 Million |
| 2023 | 1.28% | 2.83% | 0.10x | 4.70x | ฿-46.43 Million |
| 2024 | 3.24% | 6.57% | 0.11x | 4.65x | ฿-34.98 Million |
Industry Comparison
This section compares AIRA Factoring Public Company Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,610,904,126
- Average return on equity (ROE) among peers: 12.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AIRA Factoring Public Company Limited (AF) | ฿524.59 Million | 11.36% | 3.66x | $1.14 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.00 Billion | 21.24% | 3.53x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $3.93 Billion | 27.71% | 6.13x | $163.14 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.37 Billion | 18.08% | 1.58x | $12.17 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.95 Billion | 14.85% | 6.89x | $93.23 Million |
| Chase Asia PCL (CHASE) | $-209.42 Million | 0.00% | 0.00x | $7.20 Million |
| Chayo Group Public Company Limited (CHAYO) | $201.79 Million | 2.02% | 0.17x | $19.33 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $678.63 Million | 6.76% | 1.76x | $11.11 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.52 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |