Cho Thavee Public Company Limited
Cho Thavee Public Company Limited, together with its subsidiaries, manufactures, assembles, and sells trailers, vehicles, and special equipment in Thailand, Korea, the United Arab Emirates, and internationally. The company offers full trailer dumps, dry van trucks, mobile lab trucks, fiber refrigerator trucks, car carrier semi-trailers, 4 axles full trailers, semi-trailer 7 axles, dump trucks, se… Read more
Cho Thavee Public Company Limited (CHO) - Net Assets
Latest net assets as of September 2025: ฿-924.67 Million THB
Based on the latest financial reports, Cho Thavee Public Company Limited (CHO) has net assets worth ฿-924.67 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.61 Billion) and total liabilities (฿2.53 Billion). 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 | ฿-924.67 Million |
| % of Total Assets | -57.58% |
| Annual Growth Rate | 7.01% |
| 5-Year Change | -77.65% |
| 10-Year Change | -69.94% |
| Growth Volatility | 110.45 |
Cho Thavee Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Cho Thavee Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cho Thavee Public Company Limited (2011–2024)
The table below shows the annual net assets of Cho Thavee Public Company Limited from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿209.52 Million | -60.36% |
| 2023-12-31 | ฿528.61 Million | -39.23% |
| 2022-12-31 | ฿869.86 Million | -1.28% |
| 2021-12-31 | ฿881.10 Million | -5.99% |
| 2020-12-31 | ฿937.28 Million | -2.18% |
| 2019-12-31 | ฿958.18 Million | +7.81% |
| 2018-12-31 | ฿888.74 Million | +34.19% |
| 2017-12-31 | ฿662.30 Million | -2.75% |
| 2016-12-31 | ฿681.00 Million | -2.30% |
| 2015-12-31 | ฿697.00 Million | +9.55% |
| 2014-12-31 | ฿636.25 Million | +28.98% |
| 2013-12-31 | ฿493.29 Million | +402.83% |
| 2012-12-31 | ฿98.10 Million | +12.94% |
| 2011-12-31 | ฿86.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cho Thavee 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 decreased by 264882200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿17.77 Billion | 8479.71% |
| Other Comprehensive Income | ฿9.65 Million | 4.61% |
| Total Equity | ฿209.52 Million | 100.00% |
Cho Thavee Public Company Limited Competitors by Market Cap
The table below lists competitors of Cho Thavee Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PURE BIOLOGICS ZY -10
F:PQB
|
$932.66K |
|
DOLLAR TREE (DT3.SG)
STU:DT3
|
$932.68K |
|
CLOROX CO. - Dusseldorf Stock Exchang
DU:CXX
|
$933.35K |
|
EPE Capital Partners Ltd
JSE:EPE
|
$934.65K |
|
Melati Ehsan Holdings Bhd
KLSE:5129
|
$930.05K |
|
Lucky Minerals Inc
OTCQB:LKMNF
|
$930.00K |
|
LINDSAY
BE:LMF
|
$929.76K |
|
TAISEI (TKK1.SG)
STU:TKK1
|
$929.51K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cho Thavee Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 528,613,000 to 209,517,000, a change of -319,096,000 (-60.4%).
- Net loss of 848,389,000 reduced equity.
- Other comprehensive income decreased equity by 137,342,999.
- Other factors increased equity by 666,635,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-848.39 Million | -404.93% |
| Other Comprehensive Income | ฿-137.34 Million | -65.55% |
| Other Changes | ฿666.64 Million | +318.18% |
| Total Change | ฿- | -60.36% |
Book Value vs Market Value Analysis
This analysis compares Cho Thavee 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: 0.70x
- 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 increased from 0.00x to 0.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿61.42 | ฿0.06 | x |
| 2012-12-31 | ฿1.96 | ฿0.06 | x |
| 2013-12-31 | ฿9.82 | ฿0.06 | x |
| 2014-12-31 | ฿11.74 | ฿0.06 | x |
| 2015-12-31 | ฿12.77 | ฿0.06 | x |
| 2016-12-31 | ฿13.06 | ฿0.06 | x |
| 2017-12-31 | ฿11.20 | ฿0.06 | x |
| 2018-12-31 | ฿14.81 | ฿0.06 | x |
| 2019-12-31 | ฿14.64 | ฿0.06 | x |
| 2020-12-31 | ฿14.18 | ฿0.06 | x |
| 2021-12-31 | ฿12.13 | ฿0.06 | x |
| 2022-12-31 | ฿7.65 | ฿0.06 | x |
| 2023-12-31 | ฿3.30 | ฿0.06 | x |
| 2024-12-31 | ฿0.09 | ฿0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cho Thavee 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): -404.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -341.22%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 12.65x
- Recent ROE (-404.93%) is below the historical average (-42.38%), 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 | 27.65% | 3.59% | 0.89x | 8.68x | ฿15.33 Million |
| 2012 | 20.72% | 3.03% | 0.81x | 8.39x | ฿10.52 Million |
| 2013 | 8.84% | 5.00% | 0.86x | 2.05x | ฿-5.71 Million |
| 2014 | 15.29% | 6.43% | 1.36x | 1.75x | ฿33.69 Million |
| 2015 | 5.13% | 3.13% | 0.71x | 2.32x | ฿-33.96 Million |
| 2016 | -13.40% | -8.63% | 0.62x | 2.51x | ฿-159.39 Million |
| 2017 | -2.94% | -1.23% | 0.68x | 3.52x | ฿-85.73 Million |
| 2018 | 5.12% | 2.01% | 0.62x | 4.10x | ฿-43.41 Million |
| 2019 | 6.87% | 4.32% | 0.47x | 3.39x | ฿-29.96 Million |
| 2020 | -25.47% | -38.05% | 0.20x | 3.35x | ฿-332.47 Million |
| 2021 | -53.95% | -118.28% | 0.12x | 3.66x | ฿-563.43 Million |
| 2022 | -73.89% | -128.02% | 0.16x | 3.51x | ฿-729.76 Million |
| 2023 | -108.30% | -147.29% | 0.12x | 6.20x | ฿-625.34 Million |
| 2024 | -404.93% | -341.22% | 0.09x | 12.65x | ฿-869.34 Million |
Industry Comparison
This section compares Cho Thavee Public Company Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $500,992,642
- Average return on equity (ROE) among peers: 7.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cho Thavee Public Company Limited (CHO) | ฿-924.67 Million | 27.65% | N/A | $931.69K |
| K. W. Metal Work Public Company Limited (KWM) | $516.25 Million | 4.50% | 0.22x | $5.18 Million |
| Nex Point Public Company Limited (NEX) | $565.47 Million | 28.75% | 0.16x | $132.97 Million |
| T.C.J. Asia Public Company Limited (TCJ) | $327.37 Million | 0.00% | 2.76x | $4.24 Million |
| T.M.C. Industrial Public Company Limited (TMC) | $594.88 Million | -4.92% | 0.15x | $6.14 Million |