Asian Sea Corporation Public Company Limited (ASIAN) - Net Assets
Based on the latest financial reports, Asian Sea Corporation Public Company Limited (ASIAN) has net assets worth ฿7.61 Billion THB (≈ $237.20 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 (฿8.85 Billion ≈ $275.70 Million USD) and total liabilities (฿1.24 Billion ≈ $38.50 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 Asian Sea Corporation Public Company Lim liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿7.61 Billion |
| % of Total Assets | 86.04% |
| Annual Growth Rate | 10.65% |
| 5-Year Change | 129.51% |
| 10-Year Change | 297.85% |
| Growth Volatility | 20.52 |
Asian Sea Corporation Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Asian Sea Corporation Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore ASIAN total assets for the complete picture of this company's asset base.
Annual Net Assets for Asian Sea Corporation Public Company Limited (2000–2024)
The table below shows the annual net assets of Asian Sea Corporation Public Company Limited from 2000 to 2024. For live valuation and market cap data, see market value of Asian Sea Corporation Public Company Lim.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿8.03 Billion ≈ $250.23 Million |
+4.12% |
| 2023-12-31 | ฿7.71 Billion ≈ $240.33 Million |
-1.49% |
| 2022-12-31 | ฿7.83 Billion ≈ $243.96 Million |
+93.55% |
| 2021-12-31 | ฿4.04 Billion ≈ $126.05 Million |
+15.61% |
| 2020-12-31 | ฿3.50 Billion ≈ $109.03 Million |
+24.47% |
| 2019-12-31 | ฿2.81 Billion ≈ $87.59 Million |
+1.63% |
| 2018-12-31 | ฿2.77 Billion ≈ $86.19 Million |
+8.92% |
| 2017-12-31 | ฿2.54 Billion ≈ $79.13 Million |
+14.48% |
| 2016-12-31 | ฿2.22 Billion ≈ $69.12 Million |
+9.89% |
| 2015-12-31 | ฿2.02 Billion ≈ $62.90 Million |
+9.46% |
| 2014-12-31 | ฿1.84 Billion ≈ $57.46 Million |
-4.18% |
| 2013-12-31 | ฿1.92 Billion ≈ $59.97 Million |
-11.42% |
| 2012-12-31 | ฿2.17 Billion ≈ $67.70 Million |
+11.32% |
| 2011-12-31 | ฿1.95 Billion ≈ $60.81 Million |
+22.93% |
| 2010-12-31 | ฿1.59 Billion ≈ $49.47 Million |
0.00% |
| 2009-12-31 | ฿1.59 Billion ≈ $49.47 Million |
+7.69% |
| 2008-12-31 | ฿1.47 Billion ≈ $45.94 Million |
+26.22% |
| 2007-12-31 | ฿1.17 Billion ≈ $36.39 Million |
-21.53% |
| 2006-12-31 | ฿1.49 Billion ≈ $46.38 Million |
+22.01% |
| 2005-12-31 | ฿1.22 Billion ≈ $38.01 Million |
+5.49% |
| 2004-12-31 | ฿1.16 Billion ≈ $36.03 Million |
+19.35% |
| 2003-12-31 | ฿968.66 Million ≈ $30.19 Million |
+14.84% |
| 2002-12-31 | ฿843.49 Million ≈ $26.29 Million |
-1.83% |
| 2001-12-31 | ฿859.25 Million ≈ $26.78 Million |
+21.53% |
| 2000-12-31 | ฿707.03 Million ≈ $22.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Asian Sea Corporation 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 974.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.51 Billion | 38.62% |
| Common Stock | ฿814.09 Million | 12.54% |
| Other Comprehensive Income | ฿792.59 Million | 12.21% |
| Other Components | ฿2.38 Billion | 36.63% |
| Total Equity | ฿6.49 Billion | 100.00% |
Asian Sea Corporation Public Company Limited Competitors by Market Cap
The table below lists competitors of Asian Sea Corporation Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gofore Oyj
HE:GOFORE
|
$181.01 Million |
|
Uniplus Electronics Co Ltd
TWO:5381
|
$181.04 Million |
|
Jaeren Sparebank
OL:JAREN
|
$181.14 Million |
|
S-ENJOY SERVICE GR.DL-01
F:78E
|
$181.24 Million |
|
NP3 Fastigheter AB (publ)
ST:NP3-PREF
|
$180.99 Million |
|
Steel Pipe Industry Of Indonesia
JK:ISSP
|
$180.98 Million |
|
Centratama Telekomunikasi Ind
JK:CENT
|
$180.90 Million |
|
Cerrado Gold Corp
V:CERT
|
$180.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asian Sea Corporation Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,247,672,218 to 6,493,681,107, a change of 246,008,889 (3.9%).
- Net income of 848,397,124 contributed positively to equity growth.
- Dividend payments of 814,124,267 reduced retained earnings.
- Other comprehensive income increased equity by 47,919,002.
- Other factors increased equity by 163,817,030.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿848.40 Million | +13.06% |
| Dividends Paid | ฿814.12 Million | -12.54% |
| Other Comprehensive Income | ฿47.92 Million | +0.74% |
| Other Changes | ฿163.82 Million | +2.52% |
| Total Change | ฿- | 3.94% |
Book Value vs Market Value Analysis
This analysis compares Asian Sea Corporation 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: 0.90x
- 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 decreased from 4.55x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | ฿1.57 | ฿7.15 | x |
| 2001-12-31 | ฿1.91 | ฿7.15 | x |
| 2002-12-31 | ฿1.80 | ฿7.15 | x |
| 2003-12-31 | ฿1.80 | ฿7.15 | x |
| 2004-12-31 | ฿1.67 | ฿7.15 | x |
| 2005-12-31 | ฿1.71 | ฿7.15 | x |
| 2006-12-31 | ฿1.77 | ฿7.15 | x |
| 2007-12-31 | ฿1.43 | ฿7.15 | x |
| 2008-12-31 | ฿1.81 | ฿7.15 | x |
| 2009-12-31 | ฿1.95 | ฿7.15 | x |
| 2010-12-31 | ฿1.95 | ฿7.15 | x |
| 2011-12-31 | ฿2.41 | ฿7.15 | x |
| 2012-12-31 | ฿2.67 | ฿7.15 | x |
| 2013-12-31 | ฿2.36 | ฿7.15 | x |
| 2014-12-31 | ฿2.26 | ฿7.15 | x |
| 2015-12-31 | ฿2.46 | ฿7.15 | x |
| 2016-12-31 | ฿2.72 | ฿7.15 | x |
| 2017-12-31 | ฿3.12 | ฿7.15 | x |
| 2018-12-31 | ฿3.40 | ฿7.15 | x |
| 2019-12-31 | ฿3.45 | ฿7.15 | x |
| 2020-12-31 | ฿4.30 | ฿7.15 | x |
| 2021-12-31 | ฿4.97 | ฿7.15 | x |
| 2022-12-31 | ฿7.76 | ฿7.15 | x |
| 2023-12-31 | ฿7.67 | ฿7.15 | x |
| 2024-12-31 | ฿7.96 | ฿7.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asian Sea Corporation 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): 13.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.87%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 1.42x
- Recent ROE (13.06%) is above the historical average (9.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 15.10% | 2.65% | 2.39x | 2.38x | ฿36.08 Million |
| 2001 | 17.72% | 3.41% | 2.71x | 1.92x | ฿66.29 Million |
| 2002 | 10.71% | 2.26% | 2.50x | 1.90x | ฿5.96 Million |
| 2003 | 20.38% | 3.88% | 2.94x | 1.79x | ฿100.57 Million |
| 2004 | 17.18% | 4.08% | 2.22x | 1.90x | ฿83.05 Million |
| 2005 | 13.59% | 3.11% | 2.08x | 2.10x | ฿43.80 Million |
| 2006 | 1.50% | 0.28% | 1.74x | 3.05x | ฿-126.49 Million |
| 2007 | -38.64% | -5.83% | 1.70x | 3.90x | ฿-567.92 Million |
| 2008 | 20.78% | 3.71% | 1.71x | 3.27x | ฿158.84 Million |
| 2009 | 7.14% | 1.14% | 2.14x | 2.94x | ฿-45.40 Million |
| 2010 | 11.69% | 1.82% | 2.19x | 2.94x | ฿26.89 Million |
| 2011 | 11.78% | 2.19% | 1.80x | 2.99x | ฿34.77 Million |
| 2012 | 1.29% | 0.27% | 1.47x | 3.22x | ฿-189.26 Million |
| 2013 | -10.33% | -2.13% | 1.42x | 3.41x | ฿-391.10 Million |
| 2014 | -7.02% | -1.66% | 1.30x | 3.26x | ฿-313.70 Million |
| 2015 | 9.05% | 2.30% | 1.29x | 3.06x | ฿-19.16 Million |
| 2016 | 6.97% | 1.68% | 1.46x | 2.85x | ฿-67.11 Million |
| 2017 | 16.47% | 4.29% | 1.43x | 2.68x | ฿164.16 Million |
| 2018 | 13.10% | 3.75% | 1.48x | 2.37x | ฿85.72 Million |
| 2019 | 4.72% | 1.62% | 1.41x | 2.07x | ฿-148.33 Million |
| 2020 | 23.39% | 9.46% | 1.39x | 1.78x | ฿468.26 Million |
| 2021 | 25.82% | 11.01% | 1.29x | 1.82x | ฿639.92 Million |
| 2022 | 15.49% | 8.77% | 1.12x | 1.57x | ฿346.91 Million |
| 2023 | 4.84% | 3.16% | 1.06x | 1.44x | ฿-322.25 Million |
| 2024 | 13.06% | 7.87% | 1.17x | 1.42x | ฿199.03 Million |
Industry Comparison
This section compares Asian Sea Corporation Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $3,253,423,226
- Average return on equity (ROE) among peers: 4.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asian Sea Corporation Public Company Limited (ASIAN) | ฿7.61 Billion | 15.10% | 0.16x | $180.99 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $1.43 Billion | 7.92% | 0.26x | $23.98 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.21 Billion | 1.06% | 0.70x | $15.02 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.35 Billion | 8.86% | 0.10x | $19.01 Million |
| GFPT Public Company Limited (GFPT) | $3.78 Billion | 28.67% | 0.98x | $357.59 Million |
| J.S.P. Property Public Company Limited (JSP) | $5.18 Billion | 9.40% | 0.76x | $28.10 Million |
| Thai Ha Public Company Limited (KASET) | $325.04 Million | -11.22% | 0.97x | $7.19 Million |
| Lee Feed Mill Public Company Limited (LEE) | $2.73 Billion | 6.85% | 0.15x | $69.45 Million |
| Malee Group Public Company Limited (MALEE) | $839.63 Million | -24.17% | 3.77x | $69.74 Million |
| President Bakery Public Company Limited (PB) | $12.44 Billion | 12.78% | 0.11x | $680.27 Million |
About Asian Sea Corporation Public Company Limited
Asian Sea Corporation Public Company Limited, together with its subsidiaries, engages in the production and distribution of processed frozen seafood. The company operates through three segments: Frozen and Packaged Food Products, Feedstuff, and Other Business. It offers wet pet food products, such as soups, salads, fish and meat dishes, mousse, and pate; frozen food, including shrimp, squid, Sill… Read more