Chiang Mai Ram Medical Business Public Company Limited (CMR) - Net Assets
Based on the latest financial reports, Chiang Mai Ram Medical Business Public Company Limited (CMR) has net assets worth ฿4.57 Billion THB (≈ $142.52 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 (฿10.25 Billion ≈ $319.41 Million USD) and total liabilities (฿5.68 Billion ≈ $176.89 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 CMR financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.57 Billion |
| % of Total Assets | 44.62% |
| Annual Growth Rate | 17.58% |
| 5-Year Change | 7.04% |
| 10-Year Change | 49.67% |
| Growth Volatility | 51.72 |
Chiang Mai Ram Medical Business Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how Chiang Mai Ram Medical Business Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore CMR total assets for the complete picture of this company's asset base.
Annual Net Assets for Chiang Mai Ram Medical Business Public Company Limited (2003–2024)
The table below shows the annual net assets of Chiang Mai Ram Medical Business Public Company Limited from 2003 to 2024. For live valuation and market cap data, see CMR market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿5.88 Billion ≈ $183.23 Million |
-13.99% |
| 2023-12-31 | ฿6.83 Billion ≈ $213.03 Million |
-13.05% |
| 2022-12-31 | ฿7.86 Billion ≈ $245.01 Million |
+21.74% |
| 2021-12-31 | ฿6.46 Billion ≈ $201.26 Million |
+17.57% |
| 2020-12-31 | ฿5.49 Billion ≈ $171.18 Million |
-1.98% |
| 2019-12-31 | ฿5.60 Billion ≈ $174.63 Million |
+7.46% |
| 2018-12-31 | ฿5.21 Billion ≈ $162.51 Million |
-0.99% |
| 2017-12-31 | ฿5.27 Billion ≈ $164.13 Million |
-0.61% |
| 2016-12-31 | ฿5.30 Billion ≈ $165.14 Million |
+34.89% |
| 2015-12-31 | ฿3.93 Billion ≈ $122.42 Million |
+14.76% |
| 2014-12-31 | ฿3.42 Billion ≈ $106.67 Million |
+14.72% |
| 2013-12-31 | ฿2.98 Billion ≈ $92.98 Million |
+13.03% |
| 2012-12-31 | ฿2.64 Billion ≈ $82.27 Million |
+45.80% |
| 2011-12-31 | ฿1.81 Billion ≈ $56.42 Million |
+8.67% |
| 2010-12-31 | ฿1.67 Billion ≈ $51.92 Million |
+13.25% |
| 2009-12-31 | ฿1.47 Billion ≈ $45.85 Million |
+18.00% |
| 2008-12-31 | ฿1.25 Billion ≈ $38.85 Million |
+242.56% |
| 2007-12-31 | ฿363.88 Million ≈ $11.34 Million |
+56.99% |
| 2006-12-31 | ฿231.79 Million ≈ $7.22 Million |
+8.51% |
| 2005-12-31 | ฿213.61 Million ≈ $6.66 Million |
+5.43% |
| 2004-12-31 | ฿202.61 Million ≈ $6.32 Million |
+3.36% |
| 2003-12-31 | ฿196.03 Million ≈ $6.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chiang Mai Ram Medical Business 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 4353.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.79 Billion | 47.43% |
| Common Stock | ฿407.11 Million | 10.80% |
| Other Comprehensive Income | ฿81.69 Million | 2.17% |
| Other Components | ฿1.49 Billion | 39.61% |
| Total Equity | ฿3.77 Billion | 100.00% |
Chiang Mai Ram Medical Business Public Company Limited Competitors by Market Cap
The table below lists competitors of Chiang Mai Ram Medical Business Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Marti Technologies Inc.
NYSE MKT:MRT
|
$163.71 Million |
|
Marti Technologies Inc.
NYSE:MRT
|
$163.71 Million |
|
Shane Global Holding Inc
TW:8482
|
$163.71 Million |
|
Aimei Health Technology Co., Ltd Ordinary Share
NASDAQ:AFJK
|
$163.82 Million |
|
CTT Systems AB
ST:CTT
|
$163.42 Million |
|
MEDICLIN Aktiengesellschaft
XETRA:MED
|
$163.40 Million |
|
Navkar Corporation Limited
NSE:NAVKARCORP
|
$163.35 Million |
|
Exsitec Holding AB
ST:EXS
|
$163.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chiang Mai Ram Medical Business Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,375,224,830 to 3,769,333,438, a change of -605,891,392 (-13.8%).
- Net income of 130,507,399 contributed positively to equity growth.
- Dividend payments of 310,707,653 reduced retained earnings.
- Other comprehensive income decreased equity by 1,304,672,954.
- Other factors increased equity by 878,981,816.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿130.51 Million | +3.46% |
| Dividends Paid | ฿310.71 Million | -8.24% |
| Other Comprehensive Income | ฿-1.30 Billion | -34.61% |
| Other Changes | ฿878.98 Million | +23.32% |
| Total Change | ฿- | -13.85% |
Book Value vs Market Value Analysis
This analysis compares Chiang Mai Ram Medical Business 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: 1.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.90x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿0.16 | ฿1.29 | x |
| 2004-12-31 | ฿0.17 | ฿1.29 | x |
| 2005-12-31 | ฿0.18 | ฿1.29 | x |
| 2006-12-31 | ฿0.19 | ฿1.29 | x |
| 2007-12-31 | ฿0.16 | ฿1.29 | x |
| 2008-12-31 | ฿0.25 | ฿1.29 | x |
| 2009-12-31 | ฿0.27 | ฿1.29 | x |
| 2010-12-31 | ฿0.31 | ฿1.29 | x |
| 2011-12-31 | ฿0.32 | ฿1.29 | x |
| 2012-12-31 | ฿0.45 | ฿1.29 | x |
| 2013-12-31 | ฿0.51 | ฿1.29 | x |
| 2014-12-31 | ฿0.58 | ฿1.29 | x |
| 2015-12-31 | ฿0.68 | ฿1.29 | x |
| 2016-12-31 | ฿0.88 | ฿1.29 | x |
| 2017-12-31 | ฿0.89 | ฿1.29 | x |
| 2018-12-31 | ฿0.90 | ฿1.29 | x |
| 2019-12-31 | ฿0.92 | ฿1.29 | x |
| 2020-12-31 | ฿0.90 | ฿1.29 | x |
| 2021-12-31 | ฿1.03 | ฿1.29 | x |
| 2022-12-31 | ฿1.24 | ฿1.29 | x |
| 2023-12-31 | ฿1.08 | ฿1.29 | x |
| 2024-12-31 | ฿0.93 | ฿1.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chiang Mai Ram Medical Business 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): 3.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.47%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.92x
- Recent ROE (3.46%) is below the historical average (11.36%), 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 | 15.97% | 13.45% | 0.96x | 1.24x | ฿11.70 Million |
| 2004 | 10.65% | 8.77% | 1.02x | 1.19x | ฿1.33 Million |
| 2005 | 10.76% | 8.55% | 1.08x | 1.17x | ฿1.63 Million |
| 2006 | 13.02% | 10.03% | 1.11x | 1.17x | ฿7.00 Million |
| 2007 | 9.92% | 10.38% | 0.82x | 1.17x | ฿-297.68K |
| 2008 | 1.47% | 1.01% | 0.60x | 2.44x | ฿-86.91 Million |
| 2009 | 23.67% | 15.51% | 0.60x | 2.54x | ฿149.30 Million |
| 2010 | 16.42% | 11.28% | 0.62x | 2.35x | ฿79.99 Million |
| 2011 | 10.41% | 6.94% | 0.64x | 2.36x | ฿5.29 Million |
| 2012 | 11.62% | 9.25% | 0.54x | 2.33x | ฿29.01 Million |
| 2013 | 17.92% | 13.78% | 0.53x | 2.46x | ฿162.17 Million |
| 2014 | 16.59% | 13.35% | 0.52x | 2.39x | ฿153.68 Million |
| 2015 | 18.35% | 15.23% | 0.54x | 2.22x | ฿227.87 Million |
| 2016 | 10.99% | 11.13% | 0.42x | 2.37x | ฿35.03 Million |
| 2017 | 12.31% | 11.75% | 0.43x | 2.46x | ฿82.69 Million |
| 2018 | 10.38% | 9.54% | 0.45x | 2.40x | ฿13.67 Million |
| 2019 | 8.32% | 7.85% | 0.39x | 2.74x | ฿-62.44 Million |
| 2020 | 5.49% | 5.40% | 0.34x | 3.00x | ฿-162.57 Million |
| 2021 | 7.02% | 6.97% | 0.33x | 3.08x | ฿-124.28 Million |
| 2022 | 10.11% | 9.68% | 0.37x | 2.83x | ฿5.39 Million |
| 2023 | 4.98% | 4.30% | 0.41x | 2.83x | ฿-219.77 Million |
| 2024 | 3.46% | 2.47% | 0.48x | 2.92x | ฿-246.43 Million |
Industry Comparison
This section compares Chiang Mai Ram Medical Business Public Company Limited's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $5,690,884,625
- Average return on equity (ROE) among peers: 16.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chiang Mai Ram Medical Business Public Company Limited (CMR) | ฿4.57 Billion | 15.97% | 1.24x | $163.69 Million |
| Aikchol Hospital Public Company Limited (AHC) | $2.07 Billion | 13.11% | 0.19x | $64.48 Million |
| Bangkok Chain Hospital Public Company Limited (BCH) | $13.70 Billion | 10.26% | 0.29x | $722.94 Million |
| Bangkok Chain Hospital Public Company Limited (BCH-R) | $4.67 Billion | 11.18% | 1.14x | $1.03 Billion |
| Bangkok Dusit Medical Services Public Company Limited (BDMS) | $1.96 Billion | 9.18% | 1.26x | $9.06 Billion |
| Bumrungrad Hospital PCL (BH) | $4.87 Billion | 24.48% | 0.67x | $4.47 Billion |
| Bumrungrad Hospital Public Company Limited (BH-R) | $16.70 Billion | 23.61% | 0.41x | $4.61 Billion |
| Chularat Hospital Public Company Limited (CHG) | $4.19 Billion | 20.91% | 0.48x | $490.29 Million |
| Chularat Hospital Public Company Limited (CHG-R) | $2.97 Billion | 18.13% | 0.20x | $589.72 Million |
| Dental Corporation Public Company Limited (D) | $82.57 Million | 14.90% | 1.80x | $30.08 Million |
About Chiang Mai Ram Medical Business Public Company Limited
Chiang Mai Ram Medical Business Public Company Limited provides medical services in Thailand. It operates hospitals under the Lanna Hospital name, as well as engages in the sales of medicine and medical supplies. The company was founded in 1974 and is headquartered in Chiang Mai, Thailand. Chiang Mai Ram Medical Business Public Company Limited is a subsidiary of Vibhavadi Medical Center Public Co… Read more