East Coast Furnitech Public Company Limited (ECF) - Net Assets
Based on the latest financial reports, East Coast Furnitech Public Company Limited (ECF) has net assets worth ฿565.80 Million THB (≈ $17.64 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 (฿3.33 Billion ≈ $103.88 Million USD) and total liabilities (฿2.77 Billion ≈ $86.25 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 East Coast Furnitech Public Company Limi (ECF) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿565.80 Million |
| % of Total Assets | 16.98% |
| Annual Growth Rate | 14.47% |
| 5-Year Change | -23.88% |
| 10-Year Change | 108.03% |
| Growth Volatility | 26.76 |
East Coast Furnitech Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how East Coast Furnitech Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore ECF total assets for the complete picture of this company's asset base.
Annual Net Assets for East Coast Furnitech Public Company Limited (2011–2024)
The table below shows the annual net assets of East Coast Furnitech Public Company Limited from 2011 to 2024. For live valuation and market cap data, see market cap of East Coast Furnitech Public Company Limi.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿943.76 Million ≈ $29.42 Million |
-20.00% |
| 2023-12-31 | ฿1.18 Billion ≈ $36.77 Million |
-13.67% |
| 2022-12-31 | ฿1.37 Billion ≈ $42.60 Million |
+3.02% |
| 2021-12-31 | ฿1.33 Billion ≈ $41.35 Million |
+7.00% |
| 2020-12-31 | ฿1.24 Billion ≈ $38.64 Million |
-14.76% |
| 2019-12-31 | ฿1.45 Billion ≈ $45.33 Million |
+0.49% |
| 2018-12-31 | ฿1.45 Billion ≈ $45.11 Million |
+40.65% |
| 2017-12-31 | ฿1.03 Billion ≈ $32.07 Million |
+56.13% |
| 2016-12-31 | ฿659.09 Million ≈ $20.54 Million |
+45.28% |
| 2015-12-31 | ฿453.66 Million ≈ $14.14 Million |
+13.67% |
| 2014-12-31 | ฿399.12 Million ≈ $12.44 Million |
+15.74% |
| 2013-12-31 | ฿344.84 Million ≈ $10.75 Million |
+66.15% |
| 2012-12-31 | ฿207.55 Million ≈ $6.47 Million |
+27.47% |
| 2011-12-31 | ฿162.82 Million ≈ $5.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to East Coast Furnitech 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 179.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿104.21 Million | 10.98% |
| Common Stock | ฿239.88 Million | 25.27% |
| Other Comprehensive Income | ฿28.95 Million | 3.05% |
| Other Components | ฿576.40 Million | 60.71% |
| Total Equity | ฿949.44 Million | 100.00% |
East Coast Furnitech Public Company Limited Competitors by Market Cap
The table below lists competitors of East Coast Furnitech Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Camerit AG
F:RTML
|
$2.00 Million |
|
Collective Audience Inc.
NASDAQ:CAUD
|
$2.00 Million |
|
ALLIANCE ONE INT
F:DM8
|
$2.00 Million |
|
Smiths News PLC
LSE:SNWS
|
$2.00 Million |
|
BELGRAVIA HARTFORD CAP.
F:ECA
|
$2.00 Million |
|
Jura Energy Corporation
V:JEC
|
$2.00 Million |
|
Renold
LSE:RNO
|
$2.00 Million |
|
Nexus Gold Corp
V:NXS
|
$2.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in East Coast Furnitech Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,183,770,151 to 949,440,564, a change of -234,329,587 (-19.8%).
- Net loss of 231,369,913 reduced equity.
- Dividend payments of 593,930 reduced retained earnings.
- Other comprehensive income decreased equity by 40,140,131.
- Other factors increased equity by 37,774,387.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-231.37 Million | -24.37% |
| Dividends Paid | ฿593.93K | -0.06% |
| Other Comprehensive Income | ฿-40.14 Million | -4.23% |
| Other Changes | ฿37.77 Million | +3.98% |
| Total Change | ฿- | -19.80% |
Book Value vs Market Value Analysis
This analysis compares East Coast Furnitech 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: 0.06x
- 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 0.20x to 0.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿0.30 | ฿0.06 | x |
| 2012-12-31 | ฿0.35 | ฿0.06 | x |
| 2013-12-31 | ฿0.70 | ฿0.06 | x |
| 2014-12-31 | ฿0.65 | ฿0.06 | x |
| 2015-12-31 | ฿0.83 | ฿0.06 | x |
| 2016-12-31 | ฿1.11 | ฿0.06 | x |
| 2017-12-31 | ฿1.32 | ฿0.06 | x |
| 2018-12-31 | ฿1.53 | ฿0.06 | x |
| 2019-12-31 | ฿1.49 | ฿0.06 | x |
| 2020-12-31 | ฿1.28 | ฿0.06 | x |
| 2021-12-31 | ฿1.36 | ฿0.06 | x |
| 2022-12-31 | ฿1.40 | ฿0.06 | x |
| 2023-12-31 | ฿1.23 | ฿0.06 | x |
| 2024-12-31 | ฿0.99 | ฿0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently East Coast Furnitech 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): -24.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.19%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 4.09x
- Recent ROE (-24.37%) is below the historical average (5.43%), 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 | 18.57% | 3.05% | 1.12x | 5.41x | ฿13.95 Million |
| 2012 | 17.17% | 3.29% | 1.10x | 4.75x | ฿14.88 Million |
| 2013 | 11.83% | 3.48% | 1.07x | 3.17x | ฿6.31 Million |
| 2014 | 17.51% | 5.78% | 0.98x | 3.10x | ฿29.97 Million |
| 2015 | 16.54% | 5.65% | 0.89x | 3.30x | ฿29.81 Million |
| 2016 | 9.51% | 4.56% | 0.58x | 3.59x | ฿-3.23 Million |
| 2017 | 7.07% | 5.06% | 0.52x | 2.69x | ฿-30.25 Million |
| 2018 | 2.37% | 2.32% | 0.43x | 2.38x | ฿-108.84 Million |
| 2019 | 2.81% | 3.21% | 0.35x | 2.50x | ฿-103.12 Million |
| 2020 | 2.57% | 2.29% | 0.39x | 2.88x | ฿-91.60 Million |
| 2021 | 3.90% | 3.28% | 0.41x | 2.88x | ฿-79.47 Million |
| 2022 | 2.79% | 2.64% | 0.36x | 2.97x | ฿-96.89 Million |
| 2023 | -12.20% | -10.51% | 0.34x | 3.41x | ฿-262.84 Million |
| 2024 | -24.37% | -17.19% | 0.35x | 4.09x | ฿-326.31 Million |
Industry Comparison
This section compares East Coast Furnitech Public Company Limited's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $1,440,713,935
- Average return on equity (ROE) among peers: 13.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| East Coast Furnitech Public Company Limited (ECF) | ฿565.80 Million | 18.57% | 4.89x | $2.00 Million |
| Bangkok Dec-Con Public Company Limited (BKD) | $1.15 Billion | 6.87% | 0.48x | $35.22 Million |
| Fancy Wood Industries Public Company Limited (FANCY) | $774.55 Million | 57.98% | 0.47x | $5.94 Million |
| Home Pottery Public Company Limited (HPT) | $318.50 Million | 7.42% | 0.18x | $6.81 Million |
| Masterkool International Public Company Limited (KOOL) | $1.48 Billion | 4.76% | 0.32x | $20.33 Million |
| Kang Yong Electric Public Company Limited (KYE) | $2.20 Billion | 9.63% | 0.68x | $183.29 Million |
| Modernform Group Public Company Limited (MODERN) | $2.16 Billion | 6.25% | 0.46x | $42.50 Million |
| Ocean Glass Public Company Limited (OGC) | $1.79 Billion | -5.42% | 1.17x | $5.88 Million |
| Rockworth Public Company Limited (ROCK) | $290.70 Million | 30.62% | 1.73x | $7.04 Million |
| Siam Steel International Public Company Limited (SIAM) | $2.81 Billion | 1.26% | 0.30x | $12.57 Million |
About East Coast Furnitech Public Company Limited
East Coast Furnitech Public Company Limited engages in the manufacture and sale of self-assembled furniture in Thailand and internationally. The company operates through Wood furniture and particle boards, and Other segments. The company manufactures and distributes furniture made from particle and MDF boards, rubber wood furniture, dried processed rubber wood, covering papers, and furniture-deco… Read more