Eastern Commercial Leasing Public Company Limited
Eastern Commercial Leasing Public Company Limited engages in the provision of credit services to personal and juristic person in the form of hire purchase, loans, and sale with right of redemption agreement in Thailand. It also provides vehicle registration and insurance brokerage services. Eastern Commercial Leasing Public Company Limited was founded in 1982 and is headquartered in Bangkok, Thai… Read more
Eastern Commercial Leasing Public Company Limited (ECL) - Net Assets
Latest net assets as of December 2024: ฿1.93 Billion THB
Based on the latest financial reports, Eastern Commercial Leasing Public Company Limited (ECL) has net assets worth ฿1.93 Billion THB as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿5.07 Billion) and total liabilities (฿3.14 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 | ฿1.93 Billion |
| % of Total Assets | 38.11% |
| Annual Growth Rate | 10.19% |
| 5-Year Change | 10.44% |
| 10-Year Change | 162.28% |
| Growth Volatility | 17.27 |
Eastern Commercial Leasing Public Company Limited - Net Assets Trend (2002–2024)
This chart illustrates how Eastern Commercial Leasing Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Eastern Commercial Leasing Public Company Limited (2002–2024)
The table below shows the annual net assets of Eastern Commercial Leasing Public Company Limited from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.93 Billion | +2.11% |
| 2023-12-31 | ฿1.89 Billion | +1.06% |
| 2022-12-31 | ฿1.87 Billion | +2.21% |
| 2021-12-31 | ฿1.83 Billion | +4.72% |
| 2020-12-31 | ฿1.75 Billion | -7.20% |
| 2019-12-31 | ฿1.89 Billion | +7.27% |
| 2018-12-31 | ฿1.76 Billion | +27.29% |
| 2017-12-31 | ฿1.38 Billion | +25.02% |
| 2016-12-31 | ฿1.10 Billion | +49.91% |
| 2015-12-31 | ฿736.72 Million | +7.42% |
| 2014-12-31 | ฿685.83 Million | +1.06% |
| 2013-12-31 | ฿678.63 Million | +43.00% |
| 2012-12-31 | ฿474.55 Million | +0.10% |
| 2011-12-31 | ฿474.05 Million | +0.40% |
| 2010-12-31 | ฿472.15 Million | +0.56% |
| 2009-12-31 | ฿469.52 Million | +0.82% |
| 2008-12-31 | ฿465.69 Million | +4.86% |
| 2007-12-31 | ฿444.12 Million | -1.95% |
| 2006-12-31 | ฿452.94 Million | +0.07% |
| 2005-12-31 | ฿452.61 Million | -1.13% |
| 2004-12-31 | ฿457.78 Million | +37.90% |
| 2003-12-31 | ฿331.96 Million | +45.26% |
| 2002-12-31 | ฿228.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eastern Commercial Leasing 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 2213.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿428.71 Million | 22.19% |
| Common Stock | ฿1.11 Billion | 57.39% |
| Other Comprehensive Income | ฿71.97 Million | 3.72% |
| Other Components | ฿322.71 Million | 16.70% |
| Total Equity | ฿1.93 Billion | 100.00% |
Eastern Commercial Leasing Public Company Limited Competitors by Market Cap
The table below lists competitors of Eastern Commercial Leasing Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nigbas Nigde Beton Sanayi ve Ticaret AS
IS:NIBAS
|
$11.12 Million |
|
Gopeng Bhd
KLSE:2135
|
$11.12 Million |
|
Long An Food Processing Export JSC
VN:LAF
|
$11.12 Million |
|
09R
F:09R
|
$11.12 Million |
|
Glen Burnie Bancorp
NASDAQ:GLBZ
|
$11.11 Million |
|
Amani Gold Ltd
AU:ANL
|
$11.11 Million |
|
N2N Connect Bhd
KLSE:0108
|
$11.11 Million |
|
Intumit, Inc.
TWO:7547
|
$11.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eastern Commercial Leasing Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,892,402,133 to 1,932,253,604, a change of 39,851,471 (2.1%).
- Net income of 62,025,511 contributed positively to equity growth.
- Dividend payments of 22,177,158 reduced retained earnings.
- New share issuances of 3,118 increased equity.
- Other comprehensive income increased equity by 3,118,621.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿62.03 Million | +3.21% |
| Dividends Paid | ฿22.18 Million | -1.15% |
| Share Issuances | ฿3.12K | +0.0% |
| Other Comprehensive Income | ฿3.12 Million | +0.16% |
| Other Changes | ฿-3.12 Million | -0.16% |
| Total Change | ฿- | 2.11% |
Book Value vs Market Value Analysis
This analysis compares Eastern Commercial Leasing 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: 0.48x
- 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 1.12x to 0.48x 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 | ฿0.75 | ฿0.84 | x |
| 2004-12-31 | ฿0.78 | ฿0.84 | x |
| 2005-12-31 | ฿0.74 | ฿0.84 | x |
| 2006-12-31 | ฿0.74 | ฿0.84 | x |
| 2007-12-31 | ฿0.72 | ฿0.84 | x |
| 2008-12-31 | ฿0.76 | ฿0.84 | x |
| 2009-12-31 | ฿1.15 | ฿0.84 | x |
| 2010-12-31 | ฿1.15 | ฿0.84 | x |
| 2011-12-31 | ฿1.16 | ฿0.84 | x |
| 2012-12-31 | ฿1.16 | ฿0.84 | x |
| 2013-12-31 | ฿1.61 | ฿0.84 | x |
| 2014-12-31 | ฿1.15 | ฿0.84 | x |
| 2015-12-31 | ฿1.24 | ฿0.84 | x |
| 2016-12-31 | ฿1.46 | ฿0.84 | x |
| 2017-12-31 | ฿1.47 | ฿0.84 | x |
| 2018-12-31 | ฿1.62 | ฿0.84 | x |
| 2019-12-31 | ฿1.70 | ฿0.84 | x |
| 2020-12-31 | ฿1.58 | ฿0.84 | x |
| 2021-12-31 | ฿1.65 | ฿0.84 | x |
| 2022-12-31 | ฿1.58 | ฿0.84 | x |
| 2023-12-31 | ฿1.71 | ฿0.84 | x |
| 2024-12-31 | ฿1.74 | ฿0.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eastern Commercial Leasing 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): 3.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.65%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.62x
- Recent ROE (3.21%) is below the historical average (5.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.18% | 13.80% | 0.10x | 3.63x | ฿-11.01 Million |
| 2003 | 5.28% | 23.86% | 0.08x | 2.88x | ฿-15.66 Million |
| 2004 | 2.73% | 14.35% | 0.08x | 2.53x | ฿-33.27 Million |
| 2005 | 4.29% | 19.91% | 0.08x | 2.73x | ฿-25.83 Million |
| 2006 | 3.69% | 17.93% | 0.08x | 2.48x | ฿-28.56 Million |
| 2007 | -1.99% | -9.98% | 0.08x | 2.42x | ฿-53.24 Million |
| 2008 | 6.39% | 26.12% | 0.11x | 2.20x | ฿-16.80 Million |
| 2009 | 6.05% | 27.73% | 0.11x | 1.92x | ฿-18.52 Million |
| 2010 | 5.77% | 28.26% | 0.10x | 2.07x | ฿-19.98 Million |
| 2011 | 4.55% | 19.57% | 0.08x | 2.99x | ฿-25.83 Million |
| 2012 | 7.88% | 20.89% | 0.10x | 3.75x | ฿-10.06 Million |
| 2013 | 6.76% | 23.18% | 0.11x | 2.76x | ฿-22.01 Million |
| 2014 | 7.99% | 24.80% | 0.12x | 2.79x | ฿-13.79 Million |
| 2015 | 6.91% | 20.99% | 0.12x | 2.65x | ฿-22.79 Million |
| 2016 | 2.27% | 10.98% | 0.09x | 2.30x | ฿-85.41 Million |
| 2017 | 9.32% | 37.42% | 0.08x | 2.95x | ฿-9.36 Million |
| 2018 | 8.09% | 22.07% | 0.10x | 3.64x | ฿-33.50 Million |
| 2019 | 6.90% | 15.20% | 0.12x | 3.94x | ฿-58.44 Million |
| 2020 | 3.53% | 7.45% | 0.14x | 3.41x | ฿-113.28 Million |
| 2021 | 10.59% | 31.58% | 0.13x | 2.65x | ฿10.80 Million |
| 2022 | 9.86% | 34.04% | 0.12x | 2.37x | ฿-2.69 Million |
| 2023 | 5.72% | 24.69% | 0.09x | 2.63x | ฿-81.04 Million |
| 2024 | 3.21% | 9.65% | 0.13x | 2.62x | ฿-131.20 Million |
Industry Comparison
This section compares Eastern Commercial Leasing Public Company Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,549,664,600
- Average return on equity (ROE) among peers: 10.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eastern Commercial Leasing Public Company Limited (ECL) | ฿1.93 Billion | 5.18% | 1.62x | $11.11 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.00 Billion | 21.24% | 3.53x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $3.93 Billion | 27.71% | 6.13x | $163.14 Million |
| AIRA Factoring Public Company Limited (AF) | $127.47 Million | -18.31% | 5.77x | $1.14 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.37 Billion | 18.08% | 1.58x | $12.17 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.95 Billion | 14.85% | 6.89x | $93.23 Million |
| Chase Asia PCL (CHASE) | $-209.42 Million | 0.00% | 0.00x | $7.20 Million |
| Chayo Group Public Company Limited (CHAYO) | $201.79 Million | 2.02% | 0.17x | $19.33 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.52 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |