Asia Sermkij Leasing Public Company Limited (ASK) - Net Assets

Latest as of December 2025: ฿11.85 Billion THB ≈ $369.48 Million USD

Based on the latest financial reports, Asia Sermkij Leasing Public Company Limited (ASK) has net assets worth ฿11.85 Billion THB (≈ $369.48 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿61.27 Billion ≈ $1.91 Billion USD) and total liabilities (฿49.42 Billion ≈ $1.54 Billion 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 tangible net worth ratio of Asia Sermkij Leasing Public Company Limi to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿11.85 Billion
% of Total Assets	19.35%
Annual Growth Rate	17.37%
5-Year Change	28.08%
10-Year Change	158.92%
Growth Volatility	25.99

Asia Sermkij Leasing Public Company Limited - Net Assets Trend (2003–2025)

This chart illustrates how Asia Sermkij Leasing Public Company Limited's net assets have evolved over time, based on quarterly financial data. See ASK cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Asia Sermkij Leasing Public Company Limited (2003–2025)

The table below shows the annual net assets of Asia Sermkij Leasing Public Company Limited from 2003 to 2025. For live valuation and market cap data, see Asia Sermkij Leasing Public Company Limi (ASK) market capitalisation.

Year	Net Assets	Change
2025-12-31	฿11.85 Billion ≈ $369.48 Million	+14.81%
2024-12-31	฿10.32 Billion ≈ $321.82 Million	-3.13%
2023-12-31	฿10.66 Billion ≈ $332.22 Million	+3.94%
2022-12-31	฿10.25 Billion ≈ $319.62 Million	+10.80%
2021-12-31	฿9.26 Billion ≈ $288.48 Million	+63.30%
2020-12-31	฿5.67 Billion ≈ $176.66 Million	+4.49%
2019-12-31	฿5.42 Billion ≈ $169.06 Million	+5.92%
2018-12-31	฿5.12 Billion ≈ $159.61 Million	+6.00%
2017-12-31	฿4.83 Billion ≈ $150.58 Million	+5.52%
2016-12-31	฿4.58 Billion ≈ $142.70 Million	+5.32%
2015-12-31	฿4.35 Billion ≈ $135.49 Million	+5.44%
2014-12-31	฿4.12 Billion ≈ $128.50 Million	+8.59%
2013-12-31	฿3.80 Billion ≈ $118.33 Million	+9.93%
2012-12-31	฿3.45 Billion ≈ $107.64 Million	+68.80%
2011-12-31	฿2.05 Billion ≈ $63.77 Million	+4.79%
2010-12-31	฿1.95 Billion ≈ $60.85 Million	+8.72%
2009-12-31	฿1.80 Billion ≈ $55.97 Million	+4.02%
2008-12-31	฿1.73 Billion ≈ $53.81 Million	+3.85%
2007-12-31	฿1.66 Billion ≈ $51.81 Million	+5.45%
2006-12-31	฿1.58 Billion ≈ $49.14 Million	+80.67%
2005-12-31	฿872.56 Million ≈ $27.20 Million	+43.82%
2004-12-31	฿606.70 Million ≈ $18.91 Million	+73.51%
2003-12-31	฿349.65 Million ≈ $10.90 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Asia Sermkij Leasing 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 495733391600.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿4.96 Billion	41.82%
Other Components	฿6.90 Billion	58.18%
Total Equity	฿11.85 Billion	100.00%

Asia Sermkij Leasing Public Company Limited Competitors by Market Cap

The table below lists competitors of Asia Sermkij Leasing Public Company Limited ranked by their market capitalization.

Company	Market Cap
SharonAI Holdings, Inc. Class A Common Stock NASDAQ:SHAZ	$223.83 Million
Peoples Bancorp of North Carolina NASDAQ:PEBK	$223.97 Million
Insecticides (India) Limited NSE:INSECTICID	$223.99 Million
Village Farms International Inc NASDAQ:VFF	$224.01 Million
Silicon Valley Acquisition Corp. Class A Ordinary Shares NASDAQ:SVAQ	$223.65 Million
Cellectis SA NASDAQ:CLLS	$223.64 Million
DKSH Holdings Malaysia Berhad KLSE:5908	$223.64 Million
CHINA RENAISSANCE HLDGS F:6RN	$223.61 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 10,324,831,578 to 11,854,069,257, a change of 1,529,237,679 (14.8%).
Net income of 531,545,403 contributed positively to equity growth.
Dividend payments of 168,877,459 reduced retained earnings.
New share issuances of 1,230,383,275 increased equity.
Other comprehensive income decreased equity by 263,921,730.
Other factors increased equity by 200,108,190.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿531.55 Million	+4.48%
Dividends Paid	฿168.88 Million	-1.42%
Share Issuances	฿1.23 Billion	+10.38%
Other Comprehensive Income	฿-263.92 Million	-2.23%
Other Changes	฿200.11 Million	+1.69%
Total Change	฿-	14.81%

Book Value vs Market Value Analysis

This analysis compares Asia Sermkij Leasing 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: 0.61x
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 1.66x to 0.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	฿6.14	฿10.20	x
2005-12-31	฿7.21	฿10.20	x
2006-12-31	฿9.04	฿10.20	x
2007-12-31	฿5.98	฿10.20	x
2008-12-31	฿6.25	฿10.20	x
2009-12-31	฿6.49	฿10.20	x
2010-12-31	฿7.05	฿10.20	x
2011-12-31	฿7.92	฿10.20	x
2012-12-31	฿10.26	฿10.20	x
2013-12-31	฿9.79	฿10.20	x
2014-12-31	฿10.64	฿10.20	x
2015-12-31	฿11.21	฿10.20	x
2016-12-31	฿11.82	฿10.20	x
2017-12-31	฿12.48	฿10.20	x
2018-12-31	฿13.24	฿10.20	x
2019-12-31	฿13.99	฿10.20	x
2020-12-31	฿14.62	฿10.20	x
2021-12-31	฿20.19	฿10.20	x
2022-12-31	฿19.43	฿10.20	x
2023-12-31	฿20.19	฿10.20	x
2024-12-31	฿19.60	฿10.20	x
2025-12-31	฿16.84	฿10.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Asia Sermkij Leasing 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): 4.48%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.28%
• Asset Turnover: 0.08x
• Equity Multiplier: 5.17x
Recent ROE (4.48%) is below the historical average (14.24%), 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	31.17%	26.43%	0.12x	10.15x	฿74.04 Million
2004	22.69%	24.67%	0.09x	9.94x	฿76.99 Million
2005	15.89%	18.70%	0.09x	9.03x	฿51.38 Million
2006	7.52%	13.22%	0.09x	5.99x	฿-39.08 Million
2007	10.01%	15.51%	0.10x	6.54x	฿144.75K
2008	10.36%	15.60%	0.10x	6.92x	฿6.29 Million
2009	10.78%	16.22%	0.09x	7.00x	฿14.06 Million
2010	14.85%	21.27%	0.09x	7.89x	฿94.79 Million
2011	16.20%	20.87%	0.09x	8.90x	฿126.94 Million
2012	14.14%	25.45%	0.08x	6.69x	฿143.00 Million
2013	16.88%	27.34%	0.08x	7.48x	฿261.28 Million
2014	16.28%	26.17%	0.09x	7.15x	฿258.73 Million
2015	15.66%	26.30%	0.09x	6.96x	฿245.91 Million
2016	15.44%	26.58%	0.08x	6.93x	฿248.85 Million
2017	15.42%	27.05%	0.08x	7.04x	฿261.95 Million
2018	15.84%	28.30%	0.08x	7.08x	฿299.20 Million
2019	16.03%	27.43%	0.08x	7.71x	฿327.14 Million
2020	15.58%	25.36%	0.08x	7.93x	฿316.30 Million
2021	13.00%	27.86%	0.08x	6.12x	฿277.28 Million
2022	14.75%	27.49%	0.08x	6.74x	฿486.69 Million
2023	11.43%	37.90%	0.04x	7.27x	฿152.91 Million
2024	3.21%	5.39%	0.08x	7.04x	฿-700.69 Million
2025	4.48%	10.28%	0.08x	5.17x	฿-653.86 Million

Industry Comparison

This section compares Asia Sermkij Leasing 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: $3,334,688,406
Average return on equity (ROE) among peers: 14.86%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Asia Sermkij Leasing Public Company Limited (ASK)	฿11.85 Billion	31.17%	4.17x	$223.75 Million
ASIA Capital Group Public Company Limited (ACAP)	$349.18 Million	15.40%	0.13x	$4.18 Million
AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)	$20.26 Billion	17.53%	3.46x	$750.07 Million
AIRA Factoring Public Company Limited (AF)	$539.46 Million	9.41%	3.16x	$17.45 Million
Amanah Leasing Public Company Limited (AMANAH)	$1.87 Billion	16.60%	1.28x	$25.47 Million
Eastern Commercial Leasing Public Company Limited (ECL)	$474.05 Million	4.55%	1.99x	$29.03 Million
G Capital Public Company Limited (GCAP)	$103.44 Million	16.09%	4.59x	$4.56 Million
IFS Capital (Thailand) Public Company Limited (IFS)	$1.04 Billion	13.29%	2.13x	$28.15 Million
JMT Network Services Public Company Limited (JMT)	$185.99 Million	35.99%	1.29x	$509.59 Million
Krungthai Card PCL (KTC)	$5.19 Billion	4.91%	8.47x	$2.57 Billion

About Asia Sermkij Leasing Public Company Limited

BK:ASK Thailand Credit Services

Market Cap

$223.75 Million

฿7.18 Billion THB

Market Cap Rank

#16223 Global

#196 in Thailand

Share Price

฿10.20

Change (1 day)

+2.00%

52-Week Range

฿6.20 - ฿10.20

All Time High

฿43.02