Boutique Newcity Public Company Limited (BTNC) - Net Assets
Based on the latest financial reports, Boutique Newcity Public Company Limited (BTNC) has net assets worth ฿509.95 Million THB (≈ $15.89 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 (฿553.45 Million ≈ $17.25 Million USD) and total liabilities (฿43.50 Million ≈ $1.36 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 BTNC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿509.95 Million |
| % of Total Assets | 92.14% |
| Annual Growth Rate | 0.38% |
| 5-Year Change | 16.08% |
| 10-Year Change | 11.75% |
| Growth Volatility | 6.58 |
Boutique Newcity Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Boutique Newcity Public Company Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Boutique Newcity Public Company Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Boutique Newcity Public Company Limited (2000–2025)
The table below shows the annual net assets of Boutique Newcity Public Company Limited from 2000 to 2025. For live valuation and market cap data, see Boutique Newcity Public Company Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿509.95 Million ≈ $15.89 Million |
+4.65% |
| 2024-12-31 | ฿487.31 Million ≈ $15.19 Million |
-0.42% |
| 2023-12-31 | ฿489.36 Million ≈ $15.25 Million |
+6.00% |
| 2022-12-31 | ฿461.64 Million ≈ $14.39 Million |
+5.08% |
| 2021-12-31 | ฿439.30 Million ≈ $13.69 Million |
+9.82% |
| 2020-12-31 | ฿400.02 Million ≈ $12.47 Million |
-11.99% |
| 2019-12-31 | ฿454.54 Million ≈ $14.17 Million |
-1.02% |
| 2018-12-31 | ฿459.21 Million ≈ $14.31 Million |
+0.97% |
| 2017-12-31 | ฿454.81 Million ≈ $14.18 Million |
-0.34% |
| 2016-12-31 | ฿456.35 Million ≈ $14.22 Million |
+5.98% |
| 2015-12-31 | ฿430.60 Million ≈ $13.42 Million |
-13.67% |
| 2014-12-31 | ฿498.81 Million ≈ $15.55 Million |
+9.07% |
| 2013-12-31 | ฿457.34 Million ≈ $14.25 Million |
+11.44% |
| 2012-12-31 | ฿410.38 Million ≈ $12.79 Million |
+3.02% |
| 2011-12-31 | ฿398.35 Million ≈ $12.42 Million |
-3.27% |
| 2010-12-31 | ฿411.80 Million ≈ $12.84 Million |
+3.98% |
| 2009-12-31 | ฿396.05 Million ≈ $12.34 Million |
+1.56% |
| 2008-12-31 | ฿389.97 Million ≈ $12.15 Million |
-0.37% |
| 2007-12-31 | ฿391.43 Million ≈ $12.20 Million |
+1.83% |
| 2006-12-31 | ฿384.40 Million ≈ $11.98 Million |
-7.24% |
| 2005-12-31 | ฿414.40 Million ≈ $12.92 Million |
+0.23% |
| 2004-12-31 | ฿413.47 Million ≈ $12.89 Million |
+0.28% |
| 2003-12-31 | ฿412.33 Million ≈ $12.85 Million |
+4.48% |
| 2002-12-31 | ฿394.63 Million ≈ $12.30 Million |
-14.64% |
| 2001-12-31 | ฿462.32 Million ≈ $14.41 Million |
-0.23% |
| 2000-12-31 | ฿463.37 Million ≈ $14.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Boutique Newcity 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 27.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿33.79 Million | 6.63% |
| Other Components | ฿476.16 Million | 93.37% |
| Total Equity | ฿509.95 Million | 100.00% |
Boutique Newcity Public Company Limited Competitors by Market Cap
The table below lists competitors of Boutique Newcity Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Swift Tv Ltd
AU:STV
|
$5.57 Million |
|
Eng Kah Corporation Bhd
KLSE:7149
|
$5.58 Million |
|
JPMorgan Indian Inv Trust
LSE:JII
|
$5.58 Million |
|
Global Interactive Technologies, Inc
NASDAQ:GITS
|
$5.58 Million |
|
Oscar Mitra Sukses Sejahtera Tbk PT
JK:OLIV
|
$5.57 Million |
|
Heliospectra publ AB
ST:HELIO
|
$5.56 Million |
|
PURE ENERGY MINLS
F:AHG
|
$5.56 Million |
|
Processa Pharmaceuticals Inc
NASDAQ:PCSA
|
$5.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Boutique Newcity Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 487,313,707 to 509,950,665, a change of 22,636,958 (4.6%).
- Net income of 35,325,722 contributed positively to equity growth.
- Dividend payments of 2,198,467 reduced retained earnings.
- Other comprehensive income decreased equity by 8,060,010.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿35.33 Million | +6.93% |
| Dividends Paid | ฿2.20 Million | -0.43% |
| Other Comprehensive Income | ฿-8.06 Million | -1.58% |
| Other Changes | ฿-2.43 Million | -0.48% |
| Total Change | ฿- | 4.65% |
Book Value vs Market Value Analysis
This analysis compares Boutique Newcity 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: 0.35x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿34.36 | ฿14.90 | x |
| 2004-12-31 | ฿34.45 | ฿14.90 | x |
| 2005-12-31 | ฿34.53 | ฿14.90 | x |
| 2006-12-31 | ฿32.03 | ฿14.90 | x |
| 2007-12-31 | ฿32.62 | ฿14.90 | x |
| 2008-12-31 | ฿32.50 | ฿14.90 | x |
| 2009-12-31 | ฿33.00 | ฿14.90 | x |
| 2010-12-31 | ฿34.32 | ฿14.90 | x |
| 2011-12-31 | ฿33.19 | ฿14.90 | x |
| 2012-12-31 | ฿34.82 | ฿14.90 | x |
| 2013-12-31 | ฿34.70 | ฿14.90 | x |
| 2014-12-31 | ฿35.69 | ฿14.90 | x |
| 2015-12-31 | ฿35.88 | ฿14.90 | x |
| 2016-12-31 | ฿38.03 | ฿14.90 | x |
| 2017-12-31 | ฿37.90 | ฿14.90 | x |
| 2018-12-31 | ฿38.27 | ฿14.90 | x |
| 2019-12-31 | ฿37.88 | ฿14.90 | x |
| 2020-12-31 | ฿33.34 | ฿14.90 | x |
| 2021-12-31 | ฿36.61 | ฿14.90 | x |
| 2022-12-31 | ฿38.47 | ฿14.90 | x |
| 2023-12-31 | ฿40.78 | ฿14.90 | x |
| 2024-12-31 | ฿40.61 | ฿14.90 | x |
| 2025-12-31 | ฿42.50 | ฿14.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Boutique Newcity 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): 6.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.28%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.09x
- Recent ROE (6.93%) is above the historical average (1.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.18% | 2.07% | 0.69x | 1.52x | ฿-36.24 Million |
| 2002 | 1.44% | 1.62% | 0.60x | 1.48x | ฿-33.76 Million |
| 2003 | 2.46% | 2.36% | 0.76x | 1.38x | ฿-31.09 Million |
| 2004 | 3.37% | 3.15% | 0.83x | 1.29x | ฿-27.43 Million |
| 2005 | 3.41% | 3.18% | 0.77x | 1.39x | ฿-27.30 Million |
| 2006 | -5.25% | -4.42% | 0.83x | 1.44x | ฿-58.64 Million |
| 2007 | 2.02% | 1.71% | 0.82x | 1.44x | ฿-31.25 Million |
| 2008 | 0.81% | 0.62% | 0.97x | 1.34x | ฿-35.82 Million |
| 2009 | 1.74% | 1.32% | 0.96x | 1.38x | ฿-32.69 Million |
| 2010 | 4.39% | 2.97% | 1.00x | 1.47x | ฿-23.11 Million |
| 2011 | 3.43% | 2.01% | 0.98x | 1.75x | ฿-26.15 Million |
| 2012 | 0.58% | 0.28% | 1.16x | 1.81x | ฿-37.61 Million |
| 2013 | -0.01% | -0.01% | 1.08x | 2.17x | ฿-41.70 Million |
| 2014 | -1.20% | -0.50% | 1.11x | 2.17x | ฿-47.99 Million |
| 2015 | -1.82% | -0.83% | 1.14x | 1.94x | ฿-50.91 Million |
| 2016 | 4.97% | 2.55% | 1.11x | 1.77x | ฿-22.94 Million |
| 2017 | 1.90% | 1.11% | 0.97x | 1.78x | ฿-36.84 Million |
| 2018 | 2.40% | 1.35% | 1.12x | 1.59x | ฿-34.92 Million |
| 2019 | 0.66% | 0.41% | 1.09x | 1.48x | ฿-42.47 Million |
| 2020 | -11.84% | -12.70% | 0.59x | 1.58x | ฿-87.35 Million |
| 2021 | -5.71% | -6.00% | 0.62x | 1.54x | ฿-69.02 Million |
| 2022 | 4.54% | 7.84% | 0.50x | 1.15x | ฿-25.21 Million |
| 2023 | 5.63% | 10.40% | 0.49x | 1.11x | ฿-21.39 Million |
| 2024 | 1.70% | 2.81% | 0.55x | 1.11x | ฿-40.44 Million |
| 2025 | 6.93% | 15.28% | 0.42x | 1.09x | ฿-15.67 Million |
Industry Comparison
This section compares Boutique Newcity Public Company Limited's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $4,380,190,696
- Average return on equity (ROE) among peers: -3.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Boutique Newcity Public Company Limited (BTNC) | ฿509.95 Million | 2.18% | 0.09x | $5.57 Million |
| BGT Corporation Public Company Limited (BGT) | $385.78 Million | -3.00% | 1.14x | $3.97 Million |
| FN Factory Outlet Public Company Limited (FN) | $1.04 Billion | -23.15% | 0.19x | $15.27 Million |
| I.C.C. International Public Company Limited (ICC) | $15.74 Billion | 3.46% | 0.17x | $386.50 Million |
| Newcity (Bangkok) Public Company Limited (NC) | $352.09 Million | 10.44% | 0.83x | $8.32 Million |
About Boutique Newcity Public Company Limited
Boutique Newcity Public Company Limited engages in trading and servicing garments and others in Thailand. It operates through four segments: Domestic Retail, Online, Foreign Retail, and Corporate Sales. The company offers its products under the Uniform Specializer, A'MAZE, GSP, C&D, Jousse, LOF-FI-CIEL, and Guy Laroche brand names. Boutique Newcity Public Company Limited was founded in 1969 and i… Read more