DITTO (THAILAND)
Ditto (Thailand) Public Company Limited engages in the distribution and rendering service of data and document management solutions in Thailand. The company rents, distributes, and services photocopiers, printers, and technology products, as well as renders technology engineering services for projects. It offers construction, mechanical, and electrical engineering systems, and information technol… Read more
DITTO (THAILAND) (DITTO-R) - Net Assets
Latest net assets as of September 2024: ฿3.47 Billion THB
Based on the latest financial reports, DITTO (THAILAND) (DITTO-R) has net assets worth ฿3.47 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.58 Billion) and total liabilities (฿1.10 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 | ฿3.47 Billion |
| % of Total Assets | 75.91% |
| Annual Growth Rate | 24.54% |
| 5-Year Change | 842.18% |
| 10-Year Change | 1611.78% |
| Growth Volatility | 67.32 |
DITTO (THAILAND) - Net Assets Trend (2013–2023)
This chart illustrates how DITTO (THAILAND)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DITTO (THAILAND) (2013–2023)
The table below shows the annual net assets of DITTO (THAILAND) from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿2.46 Billion | +94.23% |
| 2022-12-31 | ฿1.27 Billion | +22.75% |
| 2021-12-31 | ฿1.03 Billion | +210.19% |
| 2020-12-31 | ฿332.98 Million | +27.40% |
| 2019-12-31 | ฿261.38 Million | +27.44% |
| 2018-12-31 | ฿205.10 Million | -13.53% |
| 2017-12-31 | ฿237.19 Million | +29.81% |
| 2016-12-31 | ฿182.72 Million | -6.68% |
| 2015-12-31 | ฿195.80 Million | +36.10% |
| 2014-12-31 | ฿143.86 Million | -47.59% |
| 2013-12-31 | ฿274.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DITTO (THAILAND)'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 82750781500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿699.43 Million | 28.40% |
| Common Stock | ฿330.36 Million | 13.41% |
| Other Comprehensive Income | ฿7.19 Million | 0.29% |
| Other Components | ฿1.43 Billion | 57.89% |
| Total Equity | ฿2.46 Billion | 100.00% |
DITTO (THAILAND) Competitors by Market Cap
The table below lists competitors of DITTO (THAILAND) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Dajiaweikang Pharmaceutical Industry Co.Ltd
SHE:301126
|
$174.48 Million |
|
Touchstone International Medical Science Co Ltd
SHG:688013
|
$174.48 Million |
|
Thai Credit Pcl
BK:CREDIT
|
$174.53 Million |
|
Total Gabon
F:RZW
|
$174.54 Million |
|
Wuhan Tianyu Info Industry
SHE:300205
|
$174.42 Million |
|
Northern United Publishing & Media Group Co Ltd
SHG:601999
|
$174.35 Million |
|
Electricite de Strasbourg S.A.
LSE:0J74
|
$174.35 Million |
|
Pepper Money Ltd
AU:PPM
|
$174.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DITTO (THAILAND)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,267,913,533 to 2,462,620,687, a change of 1,194,707,154 (94.2%).
- Net income of 335,097,147 contributed positively to equity growth.
- Dividend payments of 5,866,521 reduced retained earnings.
- Other comprehensive income decreased equity by 19,212,267.
- Other factors increased equity by 884,688,795.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿335.10 Million | +13.61% |
| Dividends Paid | ฿5.87 Million | -0.24% |
| Other Comprehensive Income | ฿-19.21 Million | -0.78% |
| Other Changes | ฿884.69 Million | +35.92% |
| Total Change | ฿- | 94.23% |
Book Value vs Market Value Analysis
This analysis compares DITTO (THAILAND)'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: 3.84x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 64.22x to 3.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿0.23 | ฿14.60 | x |
| 2014-12-31 | ฿0.20 | ฿14.60 | x |
| 2015-12-31 | ฿0.34 | ฿14.60 | x |
| 2016-12-31 | ฿0.32 | ฿14.60 | x |
| 2017-12-31 | ฿0.41 | ฿14.60 | x |
| 2018-12-31 | ฿0.36 | ฿14.60 | x |
| 2019-12-31 | ฿0.45 | ฿14.60 | x |
| 2020-12-31 | ฿0.58 | ฿14.60 | x |
| 2021-12-31 | ฿1.73 | ฿14.60 | x |
| 2022-12-31 | ฿2.05 | ฿14.60 | x |
| 2023-12-31 | ฿3.80 | ฿14.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DITTO (THAILAND) 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): 13.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.45%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.36x
- Recent ROE (13.61%) is below the historical average (16.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -46.43% | -23.00% | 0.75x | 2.70x | ฿-137.07 Million |
| 2014 | 17.03% | 6.15% | 0.88x | 3.15x | ฿10.11 Million |
| 2015 | 32.74% | 14.81% | 1.00x | 2.20x | ฿44.52 Million |
| 2016 | 30.21% | 10.54% | 1.12x | 2.55x | ฿36.92 Million |
| 2017 | 34.18% | 15.09% | 1.07x | 2.12x | ฿57.35 Million |
| 2018 | 6.52% | 3.17% | 0.91x | 2.27x | ฿-7.14 Million |
| 2019 | 21.53% | 7.28% | 1.15x | 2.58x | ฿30.14 Million |
| 2020 | 34.30% | 11.58% | 1.27x | 2.32x | ฿80.91 Million |
| 2021 | 19.43% | 18.40% | 0.81x | 1.30x | ฿97.40 Million |
| 2022 | 18.51% | 18.98% | 0.75x | 1.31x | ฿107.96 Million |
| 2023 | 13.61% | 18.45% | 0.54x | 1.36x | ฿88.84 Million |
Industry Comparison
This section compares DITTO (THAILAND)'s net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $779,709,476
- Average return on equity (ROE) among peers: 16.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DITTO (THAILAND) (DITTO-R) | ฿3.47 Billion | -46.43% | 0.32x | $174.47 Million |
| Advanced Information Technology Public Company Limited (AIT) | $2.93 Billion | 13.48% | 1.20x | $109.65 Million |
| Beryl 8 Plus Public Company Limited (BE8) | $78.06 Million | 30.29% | 2.57x | $10.83 Million |
| Ditto (Thailand) Public Company Limited (DITTO) | $261.38 Million | 21.53% | 1.58x | $133.67 Million |
| G-Able PCL (GABLE) | $2.01 Billion | 8.27% | 1.09x | $21.78 Million |
| I2 Enterprise Public Company Limited (I2) | $250.43 Million | 17.96% | 2.26x | $1.98 Million |
| I&I Group Public Company Limited (IIG) | $-21.04 Million | 0.00% | 0.00x | $3.22 Million |
| Infraset Public Company Limited (INSET) | $839.14 Million | 16.15% | 0.59x | $38.30 Million |
| International Research Corporation Public Company Limited (IRCP) | $489.44 Million | 27.29% | 1.68x | $3.46 Million |
| International Network System PCL (ITNS) | $188.33 Million | 17.30% | 0.40x | $3.47 Million |