Chase Asia PCL
Chase Asia Public Company Limited, together with its subsidiaries, provides debt tracking and collection services in Thailand. Its services include delinquent account collection, legal, letter, and training programs. The company is also involved in management of non-performing assets and provision of lending services. The company was incorporated in 1998 and is headquartered in Nonthaburi, Thaila… Read more
Chase Asia PCL (CHASE) - Net Assets
Latest net assets as of June 2024: ฿3.45 Billion THB
Based on the latest financial reports, Chase Asia PCL (CHASE) has net assets worth ฿3.45 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.13 Billion) and total liabilities (฿685.33 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.45 Billion |
| % of Total Assets | 83.42% |
| Annual Growth Rate | 73.34% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 114.95 |
Chase Asia PCL - Net Assets Trend (2019–2023)
This chart illustrates how Chase Asia PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chase Asia PCL (2019–2023)
The table below shows the annual net assets of Chase Asia PCL from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿3.38 Billion | +1713.83% |
| 2022-12-31 | ฿-209.42 Million | -110.92% |
| 2021-12-31 | ฿1.92 Billion | +156.09% |
| 2020-12-31 | ฿748.80 Million | +100.01% |
| 2019-12-31 | ฿374.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chase Asia PCL'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 133.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.07 Billion | 31.72% |
| Common Stock | ฿992.72 Million | 29.37% |
| Other Comprehensive Income | ฿-328.96 Million | -9.73% |
| Other Components | ฿1.64 Billion | 48.64% |
| Total Equity | ฿3.38 Billion | 100.00% |
Chase Asia PCL Competitors by Market Cap
The table below lists competitors of Chase Asia PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Castec Korea Co Ltd
KQ:071850
|
$7.20 Million |
|
Intermedical Care and Lab Hospital Public Company Limited
BK:IMH
|
$7.20 Million |
|
QNB Finans Finansal Kiralama AS
IS:QNBFL
|
$7.20 Million |
|
Electroprecizia SA
RO:ELZY
|
$7.20 Million |
|
SCIUKER FRAMES SPA
F:3K4
|
$7.19 Million |
|
Erin Ventures Inc
PINK:ERVFF
|
$7.19 Million |
|
PT Koka Indonesia Tbk
JK:KOKA
|
$7.19 Million |
|
Cashlez Worldwide Indonesia Tbk
JK:CASH
|
$7.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chase Asia PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,933,858,789 to 3,379,661,534, a change of 445,802,745 (15.2%).
- Net income of 133,019,825 contributed positively to equity growth.
- Share repurchases of 26,992,900 reduced equity.
- Other comprehensive income decreased equity by 2,388,695,027.
- Other factors increased equity by 2,728,470,847.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿133.02 Million | +3.94% |
| Share Repurchases | ฿26.99 Million | -0.8% |
| Other Comprehensive Income | ฿-2.39 Billion | -70.68% |
| Other Changes | ฿2.73 Billion | +80.73% |
| Total Change | ฿- | 15.20% |
Book Value vs Market Value Analysis
This analysis compares Chase Asia PCL'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: 0.27x
- 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 |
|---|---|---|---|
| 2019-12-31 | ฿0.00 | ฿0.48 | x |
| 2020-12-31 | ฿0.38 | ฿0.48 | x |
| 2021-12-31 | ฿0.97 | ฿0.48 | x |
| 2022-12-31 | ฿0.00 | ฿0.48 | x |
| 2023-12-31 | ฿1.75 | ฿0.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chase Asia PCL 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): 3.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.59%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.15x
- Recent ROE (3.94%) is below the historical average (9.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 11.88% | 32.08% | 1.67x | 0.22x | ฿32.18 Million |
| 2020 | 9.52% | 9.76% | 0.57x | 1.71x | ฿-3.61 Million |
| 2021 | 14.12% | 34.68% | 0.31x | 1.31x | ฿79.10 Million |
| 2022 | 6.09% | 26.42% | 1.18x | 0.20x | ฿-114.65 Million |
| 2023 | 3.94% | 19.59% | 0.18x | 1.15x | ฿-204.95 Million |
Industry Comparison
This section compares Chase Asia PCL's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,648,336,451
- Average return on equity (ROE) among peers: 10.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chase Asia PCL (CHASE) | ฿3.45 Billion | 11.88% | 0.20x | $7.20 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.00 Billion | 21.24% | 3.53x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $3.93 Billion | 27.71% | 6.13x | $163.14 Million |
| AIRA Factoring Public Company Limited (AF) | $127.47 Million | -18.31% | 5.77x | $1.14 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.37 Billion | 18.08% | 1.58x | $12.17 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.95 Billion | 14.85% | 6.89x | $93.23 Million |
| Chayo Group Public Company Limited (CHAYO) | $201.79 Million | 2.02% | 0.17x | $19.33 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $678.63 Million | 6.76% | 1.76x | $11.11 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.52 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |