Chai Watana Tannery Group Public Company Limited (CWT) - Net Assets

Latest as of December 2025: ฿1.85 Billion THB ≈ $57.70 Million USD

Based on the latest financial reports, Chai Watana Tannery Group Public Company Limited (CWT) has net assets worth ฿1.85 Billion THB (≈ $57.70 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 (฿3.50 Billion ≈ $109.05 Million USD) and total liabilities (฿1.65 Billion ≈ $51.36 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 tangible net worth ratio of Chai Watana Tannery Group Public Company to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.85 Billion
% of Total Assets	52.9%
Annual Growth Rate	4.77%
5-Year Change	-0.1%
10-Year Change	54.21%
Growth Volatility	23.05

Chai Watana Tannery Group Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Chai Watana Tannery Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Chai Watana Tannery Group Public Company to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Chai Watana Tannery Group Public Company Limited (2000–2025)

The table below shows the annual net assets of Chai Watana Tannery Group Public Company Limited from 2000 to 2025. For live valuation and market cap data, see CWT market cap.

Year	Net Assets	Change
2025-12-31	฿1.85 Billion ≈ $57.70 Million	+5.63%
2024-12-31	฿1.75 Billion ≈ $54.62 Million	+2.58%
2023-12-31	฿1.71 Billion ≈ $53.24 Million	-17.83%
2022-12-31	฿2.08 Billion ≈ $64.80 Million	+12.19%
2021-12-31	฿1.85 Billion ≈ $57.76 Million	+6.96%
2020-12-31	฿1.73 Billion ≈ $54.00 Million	+6.20%
2019-12-31	฿1.63 Billion ≈ $50.85 Million	+9.76%
2018-12-31	฿1.49 Billion ≈ $46.33 Million	+8.69%
2017-12-31	฿1.37 Billion ≈ $42.62 Million	+13.92%
2016-12-31	฿1.20 Billion ≈ $37.41 Million	+32.88%
2015-12-31	฿903.30 Million ≈ $28.16 Million	+19.60%
2014-12-31	฿755.29 Million ≈ $23.54 Million	+5.14%
2013-12-31	฿718.38 Million ≈ $22.39 Million	-9.49%
2012-12-31	฿793.67 Million ≈ $24.74 Million	+29.34%
2011-12-31	฿613.63 Million ≈ $19.13 Million	+8.69%
2010-12-31	฿564.58 Million ≈ $17.60 Million	+80.00%
2009-12-31	฿313.66 Million ≈ $9.78 Million	-25.50%
2008-12-31	฿421.02 Million ≈ $13.12 Million	-41.96%
2007-12-31	฿725.43 Million ≈ $22.61 Million	-19.50%
2006-12-31	฿901.19 Million ≈ $28.09 Million	+19.27%
2005-12-31	฿755.59 Million ≈ $23.55 Million	-5.28%
2004-12-31	฿797.71 Million ≈ $24.86 Million	+18.45%
2003-12-31	฿673.47 Million ≈ $20.99 Million	+32.75%
2002-12-31	฿507.31 Million ≈ $15.81 Million	-9.84%
2001-12-31	฿562.67 Million ≈ $17.54 Million	-2.48%
2000-12-31	฿576.96 Million ≈ $17.98 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Chai Watana Tannery Group 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 44669773500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿446.70 Million	25.36%
Other Components	฿1.31 Billion	74.64%
Total Equity	฿1.76 Billion	100.00%

Chai Watana Tannery Group Public Company Limited Competitors by Market Cap

The table below lists competitors of Chai Watana Tannery Group Public Company Limited ranked by their market capitalization.

Company	Market Cap
Chinyang Poly KO:010640	$16.69 Million
Prodigy Gold NL AU:PRX	$16.70 Million
Zhonglu Co Ltd B SHG:900915	$16.70 Million
Resource Development Group Ltd AU:RDG	$16.70 Million
United Maritime Corporation NASDAQ:USEA	$16.69 Million
MOUNTAIN VALLEY MD HLDGS F:20MP	$16.68 Million
DOTZ Nano Ltd AU:DTZ	$16.67 Million
Procorp S.A.B. de C.V MX:PROCORPB	$16.67 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Chai Watana Tannery Group Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,740,872,564 to 1,761,260,415, a change of 20,387,851 (1.2%).
Net income of 21,959,677 contributed positively to equity growth.
Dividend payments of 268 reduced retained earnings.
Other comprehensive income decreased equity by 55,626,742.
Other factors increased equity by 54,055,184.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿21.96 Million	+1.25%
Dividends Paid	฿268.00	-0.0%
Other Comprehensive Income	฿-55.63 Million	-3.16%
Other Changes	฿54.06 Million	+3.07%
Total Change	฿-	1.17%

Book Value vs Market Value Analysis

This analysis compares Chai Watana Tannery Group 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: 0.30x
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
2006-12-31	฿2.69	฿0.85	x
2007-12-31	฿2.08	฿0.85	x
2008-12-31	฿1.67	฿0.85	x
2009-12-31	฿1.24	฿0.85	x
2010-12-31	฿2.19	฿0.85	x
2011-12-31	฿2.07	฿0.85	x
2012-12-31	฿2.39	฿0.85	x
2013-12-31	฿2.02	฿0.85	x
2014-12-31	฿1.62	฿0.85	x
2015-12-31	฿1.64	฿0.85	x
2016-12-31	฿2.13	฿0.85	x
2017-12-31	฿2.09	฿0.85	x
2018-12-31	฿2.23	฿0.85	x
2019-12-31	฿2.36	฿0.85	x
2020-12-31	฿2.42	฿0.85	x
2021-12-31	฿2.63	฿0.85	x
2022-12-31	฿3.13	฿0.85	x
2023-12-31	฿2.87	฿0.85	x
2024-12-31	฿2.76	฿0.85	x
2025-12-31	฿2.80	฿0.85	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Chai Watana Tannery Group 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): 1.25%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.60%
• Asset Turnover: 0.39x
• Equity Multiplier: 1.99x
Recent ROE (1.25%) is above the historical average (0.34%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	1.32%	0.60%	0.66x	3.32x	฿-50.07 Million
2004	11.37%	6.49%	0.63x	2.78x	฿10.92 Million
2006	-22.08%	-14.88%	0.53x	2.82x	฿-218.11 Million
2007	-29.27%	-15.02%	0.60x	3.23x	฿-206.54 Million
2008	-26.44%	-11.03%	0.69x	3.48x	฿-153.43 Million
2009	-34.23%	-14.20%	0.61x	3.94x	฿-138.72 Million
2010	42.99%	27.14%	0.69x	2.30x	฿186.26 Million
2011	4.51%	3.61%	0.62x	2.01x	฿-33.68 Million
2012	10.83%	6.71%	0.79x	2.04x	฿6.59 Million
2013	-2.81%	-2.19%	0.63x	2.03x	฿-90.16 Million
2014	4.05%	3.28%	0.60x	2.05x	฿-44.19 Million
2015	4.86%	3.21%	0.71x	2.14x	฿-45.78 Million
2016	3.87%	2.73%	0.60x	2.36x	฿-69.03 Million
2017	4.09%	2.77%	0.54x	2.75x	฿-76.38 Million
2018	5.36%	3.81%	0.49x	2.86x	฿-64.08 Million
2019	7.07%	5.24%	0.52x	2.58x	฿-43.62 Million
2020	7.68%	7.47%	0.41x	2.50x	฿-35.37 Million
2021	10.34%	9.81%	0.49x	2.14x	฿5.66 Million
2022	9.12%	9.66%	0.53x	1.77x	฿-17.35 Million
2023	-6.42%	-6.50%	0.49x	2.00x	฿-297.29 Million
2024	0.05%	0.05%	0.47x	1.96x	฿-173.26 Million
2025	1.25%	1.60%	0.39x	1.99x	฿-154.17 Million

Industry Comparison

This section compares Chai Watana Tannery Group Public Company Limited's net assets metrics with peer companies in the Auto Parts industry.

Industry Context

Industry: Auto Parts
Average net assets among peers: $3,069,978,330
Average return on equity (ROE) among peers: 8.34%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Chai Watana Tannery Group Public Company Limited (CWT)	฿1.85 Billion	1.32%	0.89x	$16.69 Million
AAPICO Hitech Public Company Limited (AH)	$10.99 Billion	6.79%	1.10x	$148.75 Million
CPR Gomu Industrial PCL (CPR)	$204.99 Million	23.27%	0.76x	$16.25 Million
Fortune Parts Industry Public Company Limited (FPI)	$1.59 Billion	1.18%	0.80x	$70.74 Million
Goodyear (Thailand) Public Company Limited (GYT)	$4.01 Billion	3.44%	0.42x	$41.98 Million
Hwa Fong Rubber (Thailand) Public Company Limited (HFT)	$3.62 Billion	10.30%	0.22x	$83.32 Million
Interhides Public Company Limited (IHL)	$1.66 Billion	6.02%	1.23x	$24.94 Million
Ingress Industrial (Thailand) Public Company Limited (INGRS)	$1.79 Billion	-16.84%	2.79x	$16.24 Million
Inoue Rubber (Thailand) Public Company Limited (IRC)	$3.58 Billion	4.65%	0.35x	$71.29 Million
N.D. Rubber Public Company Limited (NDR)	$180.83 Million	36.29%	1.66x	$27.77 Million

About Chai Watana Tannery Group Public Company Limited

BK:CWT Thailand Auto Parts

Market Cap

$16.69 Million

฿535.60 Million THB

Market Cap Rank

#25689 Global

#515 in Thailand

Share Price

฿0.85

Change (1 day)

-4.49%

52-Week Range

฿0.60 - ฿1.29

All Time High

฿4.36