Arrow Syndicate Public Company Limited (ARROW) - Net Assets

Latest as of September 2025: ฿1.27 Billion THB ≈ $39.60 Million USD

Based on the latest financial reports, Arrow Syndicate Public Company Limited (ARROW) has net assets worth ฿1.27 Billion THB (≈ $39.60 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.66 Billion ≈ $51.76 Million USD) and total liabilities (฿390.27 Million ≈ $12.16 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 ARROW asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.27 Billion
% of Total Assets	76.5%
Annual Growth Rate	12.61%
5-Year Change	3.73%
10-Year Change	37.6%
Growth Volatility	29.64

Arrow Syndicate Public Company Limited - Net Assets Trend (2011–2024)

This chart illustrates how Arrow Syndicate Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore ARROW total assets for the complete picture of this company's asset base.

Annual Net Assets for Arrow Syndicate Public Company Limited (2011–2024)

The table below shows the annual net assets of Arrow Syndicate Public Company Limited from 2011 to 2024. For live valuation and market cap data, see ARROW company net worth.

Year	Net Assets	Change
2024-12-31	฿1.25 Billion ≈ $39.06 Million	+1.81%
2023-12-31	฿1.23 Billion ≈ $38.37 Million	+1.23%
2022-12-31	฿1.22 Billion ≈ $37.90 Million	-1.85%
2021-12-31	฿1.24 Billion ≈ $38.62 Million	+2.55%
2020-12-31	฿1.21 Billion ≈ $37.66 Million	+1.72%
2019-12-31	฿1.19 Billion ≈ $37.02 Million	+7.04%
2018-12-31	฿1.11 Billion ≈ $34.58 Million	+2.53%
2017-12-31	฿1.08 Billion ≈ $33.73 Million	+5.51%
2016-12-31	฿1.03 Billion ≈ $31.97 Million	+12.61%
2015-12-31	฿910.76 Million ≈ $28.39 Million	+31.13%
2014-12-31	฿694.54 Million ≈ $21.65 Million	+11.32%
2013-12-31	฿623.93 Million ≈ $19.45 Million	+8.95%
2012-12-31	฿572.69 Million ≈ $17.85 Million	+114.07%
2011-12-31	฿267.53 Million ≈ $8.34 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Arrow Syndicate 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 grown by 449.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿703.93 Million	55.01%
Common Stock	฿256.90 Million	20.08%
Other Comprehensive Income	฿26.70 Million	2.09%
Other Components	฿292.05 Million	22.82%
Total Equity	฿1.28 Billion	100.00%

Arrow Syndicate Public Company Limited Competitors by Market Cap

The table below lists competitors of Arrow Syndicate Public Company Limited ranked by their market capitalization.

Company	Market Cap
KL-Net Corp KQ:039420	$42.44 Million
Elsoft Research Bhd KLSE:0090	$42.44 Million
AbL Diagnostics SA PA:ABLD	$42.45 Million
Gokul Refoils and Solvent Limited NSE:GOKUL	$42.45 Million
Wonik Cube Corp KQ:014190	$42.43 Million
B&B Triplewall Containers Limited NSE:BBTCL	$42.43 Million
Opnet Technologies Co Ltd TWO:8034	$42.34 Million
Entropy Neurodynamics Limited AU:ENP	$42.34 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Arrow Syndicate Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,257,347,350 to 1,279,583,277, a change of 22,235,927 (1.8%).
Net income of 112,149,844 contributed positively to equity growth.
Dividend payments of 89,913,968 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿112.15 Million	+8.76%
Dividends Paid	฿89.91 Million	-7.03%
Other Changes	฿51.40	+0.0%
Total Change	฿-	1.77%

Book Value vs Market Value Analysis

This analysis compares Arrow Syndicate 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: 1.06x
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 4.96x to 1.06x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	฿1.07	฿5.30	x
2012-12-31	฿3.59	฿5.30	x
2013-12-31	฿2.77	฿5.30	x
2014-12-31	฿3.07	฿5.30	x
2015-12-31	฿3.76	฿5.30	x
2016-12-31	฿4.03	฿5.30	x
2017-12-31	฿4.24	฿5.30	x
2018-12-31	฿4.37	฿5.30	x
2019-12-31	฿4.73	฿5.30	x
2020-12-31	฿4.85	฿5.30	x
2021-12-31	฿4.95	฿5.30	x
2022-12-31	฿4.84	฿5.30	x
2023-12-31	฿4.89	฿5.30	x
2024-12-31	฿4.98	฿5.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Arrow Syndicate 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): 8.76%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.70%
• Asset Turnover: 0.87x
• Equity Multiplier: 1.16x
Recent ROE (8.76%) is below the historical average (16.29%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	19.89%	7.88%	1.16x	2.18x	฿26.45 Million
2012	16.33%	12.06%	1.11x	1.22x	฿36.25 Million
2013	20.78%	14.72%	1.20x	1.17x	฿67.24 Million
2014	21.37%	14.78%	1.29x	1.12x	฿78.96 Million
2015	27.07%	20.31%	1.19x	1.12x	฿154.90 Million
2016	25.78%	19.38%	1.13x	1.17x	฿160.81 Million
2017	17.84%	13.32%	1.12x	1.19x	฿84.07 Million
2018	13.86%	10.46%	1.00x	1.33x	฿42.83 Million
2019	17.05%	14.16%	0.93x	1.30x	฿84.97 Million
2020	13.67%	13.06%	0.79x	1.33x	฿45.39 Million
2021	10.17%	12.09%	0.67x	1.26x	฿2.20 Million
2022	7.46%	6.88%	0.78x	1.38x	฿-31.62 Million
2023	8.08%	7.60%	0.87x	1.22x	฿-24.10 Million
2024	8.76%	8.70%	0.87x	1.16x	฿-15.81 Million

Industry Comparison

This section compares Arrow Syndicate Public Company Limited's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

Industry: Building Products & Equipment
Average net assets among peers: $1,482,531,252
Average return on equity (ROE) among peers: 6.80%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Arrow Syndicate Public Company Limited (ARROW)	฿1.27 Billion	19.89%	0.31x	$42.44 Million
BuilderSmart Public Company Limited (BSM)	$428.35 Million	-12.37%	1.91x	$2.26 Million
Dynasty Ceramic Public Company Limited (DCC)	$2.73 Billion	43.11%	0.36x	$350.77 Million
Diamond Building Products Public Company Limited (DRT)	$1.90 Billion	20.68%	0.71x	$118.45 Million
Quality Construction Products Public Company Limited (Q-CON)	$2.01 Billion	6.37%	0.16x	$79.17 Million
The Union Mosaic Industry Public Company Limited (UMI)	$1.34 Billion	-9.20%	1.32x	$18.77 Million
WIIK Public Company Limited (WIIK)	$494.97 Million	-7.77%	1.13x	$22.45 Million

About Arrow Syndicate Public Company Limited

BK:ARROW Thailand Building Products & Equipment

Market Cap

$42.44 Million

฿1.36 Billion THB

Market Cap Rank

#22490 Global

#388 in Thailand

Share Price

฿5.30

Change (1 day)

+0.00%

52-Week Range

฿4.82 - ฿5.50

All Time High

฿13.48