AJ Advance Technology Public Company Limited (AJA) - Net Assets
Based on the latest financial reports, AJ Advance Technology Public Company Limited (AJA) has net assets worth ฿508.80 Million THB (≈ $15.86 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿607.47 Million ≈ $18.93 Million USD) and total liabilities (฿98.67 Million ≈ $3.08 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 AJ Advance Technology Public Company Lim strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿508.80 Million |
| % of Total Assets | 83.76% |
| Annual Growth Rate | 4.45% |
| 5-Year Change | -31.3% |
| 10-Year Change | -71.4% |
| Growth Volatility | 35.93 |
AJ Advance Technology Public Company Limited - Net Assets Trend (2011–2025)
This chart illustrates how AJ Advance Technology Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see AJ Advance Technology Public Company Lim stock valuation.
Annual Net Assets for AJ Advance Technology Public Company Limited (2011–2025)
The table below shows the annual net assets of AJ Advance Technology Public Company Limited from 2011 to 2025. Also explore AJ Advance Technology Public Company Lim annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿533.81 Million ≈ $16.64 Million |
-19.13% |
| 2024-12-31 | ฿660.08 Million ≈ $20.57 Million |
-12.77% |
| 2023-12-31 | ฿756.75 Million ≈ $23.59 Million |
-3.45% |
| 2022-12-31 | ฿783.77 Million ≈ $24.43 Million |
+0.87% |
| 2021-12-31 | ฿777.02 Million ≈ $24.22 Million |
+11.73% |
| 2020-12-31 | ฿695.45 Million ≈ $21.68 Million |
-18.11% |
| 2019-12-31 | ฿849.28 Million ≈ $26.47 Million |
-22.25% |
| 2018-12-31 | ฿1.09 Billion ≈ $34.05 Million |
-13.23% |
| 2017-12-31 | ฿1.26 Billion ≈ $39.24 Million |
-32.55% |
| 2016-12-31 | ฿1.87 Billion ≈ $58.17 Million |
+52.61% |
| 2015-12-31 | ฿1.22 Billion ≈ $38.12 Million |
+79.10% |
| 2014-12-31 | ฿682.82 Million ≈ $21.28 Million |
+85.18% |
| 2013-12-31 | ฿368.74 Million ≈ $11.49 Million |
+14.87% |
| 2012-12-31 | ฿321.00 Million ≈ $10.01 Million |
+10.59% |
| 2011-12-31 | ฿290.26 Million ≈ $9.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to AJ Advance Technology 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 3151.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿536.45 Million | 99.72% |
| Other Comprehensive Income | ฿183.39 Million | 34.09% |
| Other Components | ฿975.92 Million | 181.41% |
| Total Equity | ฿537.98 Million | 100.00% |
AJ Advance Technology Public Company Limited Competitors by Market Cap
The table below lists competitors of AJ Advance Technology Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
A.S. Création Tapeten AG
F:ACWN
|
$17.92 Million |
|
Truwin Co Ltd
KQ:105550
|
$17.95 Million |
|
Finbond Group Ltd
JSE:FGL
|
$17.95 Million |
|
Chemomab Therapeutics Ltd DRC
NASDAQ:CMMB
|
$17.95 Million |
|
OYAK Yatirim Ortakligi AS
IS:OYAYO
|
$17.90 Million |
|
Mesiniaga Bhd
KLSE:5011
|
$17.89 Million |
|
Carboclor
BA:CARC
|
$17.89 Million |
|
Acroud AB
ST:ACROUD
|
$17.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AJ Advance Technology Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 662,112,506 to 537,975,110, a change of -124,137,396 (-18.7%).
- Net loss of 164,191,553 reduced equity.
- Other comprehensive income increased equity by 162,492,511.
- Other factors decreased equity by 122,438,354.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-164.19 Million | -30.52% |
| Other Comprehensive Income | ฿162.49 Million | +30.2% |
| Other Changes | ฿-122.44 Million | -22.76% |
| Total Change | ฿- | -18.75% |
Book Value vs Market Value Analysis
This analysis compares AJ Advance Technology 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: 1.00x
- 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 increased from 0.70x to 1.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿0.14 | ฿0.10 | x |
| 2013-12-31 | ฿0.16 | ฿0.10 | x |
| 2014-12-31 | ฿0.22 | ฿0.10 | x |
| 2015-12-31 | ฿0.25 | ฿0.10 | x |
| 2016-12-31 | ฿0.38 | ฿0.10 | x |
| 2017-12-31 | ฿0.29 | ฿0.10 | x |
| 2018-12-31 | ฿0.24 | ฿0.10 | x |
| 2019-12-31 | ฿0.19 | ฿0.10 | x |
| 2020-12-31 | ฿0.16 | ฿0.10 | x |
| 2021-12-31 | ฿0.17 | ฿0.10 | x |
| 2022-12-31 | ฿0.15 | ฿0.10 | x |
| 2023-12-31 | ฿0.14 | ฿0.10 | x |
| 2024-12-31 | ฿0.12 | ฿0.10 | x |
| 2025-12-31 | ฿0.10 | ฿0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AJ Advance Technology 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): -30.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -102.42%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.18x
- Recent ROE (-30.52%) is below the historical average (-10.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 9.58% | 1.76% | 1.27x | 4.28x | ฿-1.36 Million |
| 2013 | 18.52% | 4.14% | 1.35x | 3.33x | ฿31.43 Million |
| 2014 | 18.14% | 6.56% | 0.63x | 4.40x | ฿54.83 Million |
| 2015 | 0.53% | 0.36% | 0.74x | 2.00x | ฿-112.90 Million |
| 2016 | 21.98% | 14.80% | 0.80x | 1.86x | ฿193.77 Million |
| 2017 | -33.80% | -61.89% | 0.45x | 1.20x | ฿-531.02 Million |
| 2018 | -18.18% | -29.94% | 0.52x | 1.16x | ฿-289.74 Million |
| 2019 | -46.83% | -97.37% | 0.35x | 1.37x | ฿-463.81 Million |
| 2020 | -22.56% | -44.04% | 0.38x | 1.36x | ฿-222.73 Million |
| 2021 | -19.54% | -51.33% | 0.28x | 1.35x | ฿-227.18 Million |
| 2022 | -18.89% | -45.75% | 0.33x | 1.26x | ฿-224.60 Million |
| 2023 | -5.03% | -13.14% | 0.33x | 1.17x | ฿-113.59 Million |
| 2024 | -14.42% | -38.08% | 0.32x | 1.18x | ฿-161.67 Million |
| 2025 | -30.52% | -102.42% | 0.25x | 1.18x | ฿-217.99 Million |
Industry Comparison
This section compares AJ Advance Technology Public Company Limited's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $1,622,513,791
- Average return on equity (ROE) among peers: 9.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AJ Advance Technology Public Company Limited (AJA) | ฿508.80 Million | 9.58% | 0.19x | $17.90 Million |
| Communication & System Solution Public Company Limited (CSS) | $1.64 Billion | 4.85% | 1.21x | $34.45 Million |
| IT City Public Company Limited (IT) | $1.03 Billion | -0.85% | 0.47x | $74.23 Million |
| Metro Systems Corporation Public Company Limited (MSC) | $455.46 Million | 0.00% | 3.33x | $66.20 Million |
| Simat Technologies Public Company Limited (SIMAT) | $159.48 Million | 9.09% | 0.39x | $23.25 Million |
| SiS Distribution (Thailand) Public Company Limited (SIS) | $3.77 Billion | 17.13% | 1.71x | $267.43 Million |
| S P V I Public Company Limited (SPVI) | $580.04 Million | 17.27% | 1.12x | $42.64 Million |
| SVOA Public Company Limited (SVOA) | $2.39 Billion | 6.69% | 1.44x | $48.17 Million |
| Synnex (Thailand) Public Company Limited (SYNEX) | $3.94 Billion | 21.83% | 1.86x | $250.91 Million |
| Vintcom Technology PCL (VCOM) | $628.18 Million | 13.96% | 1.26x | $36.94 Million |
About AJ Advance Technology Public Company Limited
AJ Advance Technology Public Company Limited, together with its subsidiaries, engages in the wholesale and retail of electric vehicles in Thailand. The company is involved in the sale of electric motorcycle; logistic and export business; distribution of sport shoes; beauty service business; investment platform business; management and online services for small and medium-sized businesses; and inv… Read more