Chiangmai Rimdoi Public Company Limited (CRD) - Net Assets
Based on the latest financial reports, Chiangmai Rimdoi Public Company Limited (CRD) has net assets worth ฿490.62 Million THB (≈ $15.29 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 (฿977.72 Million ≈ $30.47 Million USD) and total liabilities (฿487.10 Million ≈ $15.18 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 CRD financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿490.62 Million |
| % of Total Assets | 50.18% |
| Annual Growth Rate | 12.61% |
| 5-Year Change | 33.25% |
| 10-Year Change | 116.08% |
| Growth Volatility | 37.01 |
Chiangmai Rimdoi Public Company Limited - Net Assets Trend (2014–2025)
This chart illustrates how Chiangmai Rimdoi Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Chiangmai Rimdoi Public Company Limited assets under control for the complete picture of this company's asset base.
Annual Net Assets for Chiangmai Rimdoi Public Company Limited (2014–2025)
The table below shows the annual net assets of Chiangmai Rimdoi Public Company Limited from 2014 to 2025. For live valuation and market cap data, see Chiangmai Rimdoi Public Company Limited (CRD) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿490.62 Million ≈ $15.29 Million |
+9.91% |
| 2024-12-31 | ฿446.36 Million ≈ $13.91 Million |
+58.32% |
| 2023-12-31 | ฿281.94 Million ≈ $8.79 Million |
-20.81% |
| 2022-12-31 | ฿356.04 Million ≈ $11.10 Million |
-3.30% |
| 2021-12-31 | ฿368.19 Million ≈ $11.48 Million |
+5.85% |
| 2020-12-31 | ฿347.83 Million ≈ $10.84 Million |
-22.36% |
| 2019-12-31 | ฿448.03 Million ≈ $13.96 Million |
-7.75% |
| 2018-12-31 | ฿485.68 Million ≈ $15.14 Million |
+2.03% |
| 2017-12-31 | ฿476.02 Million ≈ $14.84 Million |
+109.66% |
| 2016-12-31 | ฿227.05 Million ≈ $7.08 Million |
+31.55% |
| 2015-12-31 | ฿172.59 Million ≈ $5.38 Million |
+29.91% |
| 2014-12-31 | ฿132.85 Million ≈ $4.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chiangmai Rimdoi 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 200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿541.21 Million | 113.46% |
| Total Equity | ฿477.02 Million | 100.00% |
Chiangmai Rimdoi Public Company Limited Competitors by Market Cap
The table below lists competitors of Chiangmai Rimdoi Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Archies Limited
NSE:ARCHIES
|
$5.30 Million |
|
Nobel29 Resources Corp
V:NBLC
|
$5.30 Million |
|
Llama Group S.A.
PA:ALLAM
|
$5.30 Million |
|
SGF Capital Public Company Limited
BK:SGF
|
$5.31 Million |
|
D.T.C. Industries Public Company Limited
BK:DTCI
|
$5.30 Million |
|
Bioalpha Holdings Bhd
KLSE:0179
|
$5.30 Million |
|
Aptorum Group Ltd Class A
NASDAQ:APM
|
$5.30 Million |
|
Sungshin Cement Co Ltd
KO:004985
|
$5.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chiangmai Rimdoi Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 428,123,801 to 477,020,368, a change of 48,896,567 (11.4%).
- Net income of 50,048,279 contributed positively to equity growth.
- Dividend payments of 5,400,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿50.05 Million | +10.49% |
| Dividends Paid | ฿5.40 Million | -1.13% |
| Other Changes | ฿4.25 Million | +0.89% |
| Total Change | ฿- | 11.42% |
Book Value vs Market Value Analysis
This analysis compares Chiangmai Rimdoi 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: 0.36x
- 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 1.28x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.27 | ฿0.34 | x |
| 2015-12-31 | ฿0.35 | ฿0.34 | x |
| 2016-12-31 | ฿0.45 | ฿0.34 | x |
| 2017-12-31 | ฿1.23 | ฿0.34 | x |
| 2018-12-31 | ฿0.97 | ฿0.34 | x |
| 2019-12-31 | ฿0.90 | ฿0.34 | x |
| 2020-12-31 | ฿0.70 | ฿0.34 | x |
| 2021-12-31 | ฿0.71 | ฿0.34 | x |
| 2022-12-31 | ฿0.68 | ฿0.34 | x |
| 2023-12-31 | ฿0.53 | ฿0.34 | x |
| 2024-12-31 | ฿0.86 | ฿0.34 | x |
| 2025-12-31 | ฿0.95 | ฿0.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chiangmai Rimdoi 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): 10.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.45%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.05x
- Recent ROE (10.49%) is above the historical average (5.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 31.43% | 5.73% | 1.80x | 3.04x | ฿28.42 Million |
| 2015 | 46.74% | 6.62% | 2.13x | 3.31x | ฿63.40 Million |
| 2016 | 18.71% | 4.06% | 1.61x | 2.86x | ฿19.79 Million |
| 2017 | 9.23% | 3.21% | 1.34x | 2.14x | ฿-3.69 Million |
| 2018 | 6.18% | 2.40% | 1.38x | 1.87x | ฿-18.55 Million |
| 2019 | -4.96% | -1.65% | 1.41x | 2.14x | ฿-67.04 Million |
| 2020 | -26.15% | -11.49% | 0.95x | 2.40x | ฿-125.76 Million |
| 2021 | 2.28% | 0.91% | 0.84x | 2.96x | ฿-27.46 Million |
| 2022 | -4.16% | -1.14% | 1.05x | 3.47x | ฿-48.47 Million |
| 2023 | -28.59% | -9.52% | 0.94x | 3.20x | ฿-102.81 Million |
| 2024 | 3.80% | 1.60% | 1.03x | 2.32x | ฿-26.53 Million |
| 2025 | 10.49% | 5.45% | 0.94x | 2.05x | ฿2.35 Million |
Industry Comparison
This section compares Chiangmai Rimdoi Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,269,830,725
- Average return on equity (ROE) among peers: 13.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chiangmai Rimdoi Public Company Limited (CRD) | ฿490.62 Million | 31.43% | 0.99x | $5.30 Million |
| Asia Precision Public Company Limited (APCS) | $489.23 Million | 29.12% | 0.97x | $31.27 Million |
| CH. Karnchang PCL (CK) | $24.47 Billion | 4.51% | 2.48x | $937.52 Million |
| CH. Karnchang Public Company Limited (CK-R) | $4.93 Billion | 13.88% | 5.05x | $874.67 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.64 Billion | 21.45% | 1.08x | $42.29 Million |
| Demco Public Company Limited (DEMCO) | $740.50 Million | 6.76% | 1.23x | $54.31 Million |
| EMC Public Company Limited (EMC) | $1.94 Billion | 3.04% | 0.50x | $7.84 Million |
| Floyd Public Company Limited (FLOYD) | $274.04 Million | 42.29% | 0.47x | $14.27 Million |
| Hydrotek Public Company Limited (HYDRO) | $256.29 Million | 18.69% | 1.04x | $17.32 Million |
| Italian-Thai Development Public Company Limited (ITD) | $12.69 Billion | -21.09% | 3.51x | $60.89 Million |
About Chiangmai Rimdoi Public Company Limited
Chiangmai Rimdoi Public Company Limited provides construction and solid waste disposal services in Thailand. The company is also involved in general building construction, such as factories, infrastructure systems, inventory buildings, hotels, resorts, hospitals, condominiums, wastewater treatment systems, plumbing systems, electrical systems, hydroelectricity projects, and other types of civil w… Read more