G Capital Public Company Limited
G Capital Public Company Limited operates as a financial services company in Thailand. The company provides hire purchase service to various agricultural machineries, such as rice harvesters, corn harvesters, tractors and their attachments, crepe rubber rolling machines, wheel loaders, and other agricultural machinery; and refinancing services for farmers and tourism boat operators, as well as li… Read more
G Capital Public Company Limited (GCAP) - Net Assets
Latest net assets as of September 2025: ฿496.35 Million THB
Based on the latest financial reports, G Capital Public Company Limited (GCAP) has net assets worth ฿496.35 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿973.66 Million) and total liabilities (฿477.31 Million). 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 | ฿496.35 Million |
| % of Total Assets | 50.98% |
| Annual Growth Rate | 12.46% |
| 5-Year Change | -2.22% |
| 10-Year Change | 52.82% |
| Growth Volatility | 31.34 |
G Capital Public Company Limited - Net Assets Trend (2010–2024)
This chart illustrates how G Capital 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 G Capital Public Company Limited (2010–2024)
The table below shows the annual net assets of G Capital Public Company Limited from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿503.92 Million | +4.52% |
| 2023-12-31 | ฿482.11 Million | +15.75% |
| 2022-12-31 | ฿416.50 Million | -9.17% |
| 2021-12-31 | ฿458.56 Million | -11.02% |
| 2020-12-31 | ฿515.34 Million | -6.20% |
| 2019-12-31 | ฿549.43 Million | +57.63% |
| 2018-12-31 | ฿348.56 Million | +5.09% |
| 2017-12-31 | ฿331.67 Million | -0.41% |
| 2016-12-31 | ฿333.02 Million | +1.00% |
| 2015-12-31 | ฿329.74 Million | +8.11% |
| 2014-12-31 | ฿305.01 Million | +11.99% |
| 2013-12-31 | ฿272.34 Million | +111.81% |
| 2012-12-31 | ฿128.58 Million | +24.30% |
| 2011-12-31 | ฿103.44 Million | +6.31% |
| 2010-12-31 | ฿97.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to G Capital 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 95.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿872.68K | 0.17% |
| Common Stock | ฿261.95 Million | 51.98% |
| Other Comprehensive Income | ฿820.09K | 0.16% |
| Other Components | ฿240.28 Million | 47.68% |
| Total Equity | ฿503.92 Million | 100.00% |
G Capital Public Company Limited Competitors by Market Cap
The table below lists competitors of G Capital Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Glostrext Berhad
KLSE:0284
|
$3.53 Million |
|
Kardan Real Estate Enterprise and Development Ltd
TA:KARE
|
$3.53 Million |
|
PT Jasa Berdikari Logistics Tb
JK:LAJU
|
$3.53 Million |
|
Dnonce Tech Bhd
KLSE:7114
|
$3.53 Million |
|
YTN Co.Ltd
KQ:040300
|
$3.52 Million |
|
VRHI
PINK:VRHI
|
$3.52 Million |
|
Renault Société Anonyme
PA:RNL
|
$3.52 Million |
|
Vertical Exploration Inc
PINK:CVVRF
|
$3.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G Capital Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 461,958,308 to 503,918,511, a change of 41,960,203 (9.1%).
- Net loss of 12,766,128 reduced equity.
- Other factors increased equity by 54,726,331.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-12.77 Million | -2.53% |
| Other Changes | ฿54.73 Million | +10.86% |
| Total Change | ฿- | 9.08% |
Book Value vs Market Value Analysis
This analysis compares G Capital 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: 0.24x
- 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 0.44x to 0.24x 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 | ฿0.59 | ฿0.26 | x |
| 2012-12-31 | ฿0.74 | ฿0.26 | x |
| 2013-12-31 | ฿1.52 | ฿0.26 | x |
| 2014-12-31 | ฿1.31 | ฿0.26 | x |
| 2015-12-31 | ฿1.42 | ฿0.26 | x |
| 2016-12-31 | ฿1.43 | ฿0.26 | x |
| 2017-12-31 | ฿1.43 | ฿0.26 | x |
| 2018-12-31 | ฿1.50 | ฿0.26 | x |
| 2019-12-31 | ฿1.92 | ฿0.26 | x |
| 2020-12-31 | ฿1.72 | ฿0.26 | x |
| 2021-12-31 | ฿1.53 | ฿0.26 | x |
| 2022-12-31 | ฿1.22 | ฿0.26 | x |
| 2023-12-31 | ฿1.19 | ฿0.26 | x |
| 2024-12-31 | ฿1.07 | ฿0.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G Capital 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): -2.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.19%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.17x
- Recent ROE (-2.53%) is below the historical average (7.42%), 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 | 16.09% | 16.98% | 0.17x | 5.59x | ฿6.30 Million |
| 2012 | 25.38% | 25.43% | 0.17x | 5.73x | ฿19.78 Million |
| 2013 | 15.72% | 27.67% | 0.17x | 3.44x | ฿15.58 Million |
| 2014 | 19.48% | 34.31% | 0.16x | 3.47x | ฿28.91 Million |
| 2015 | 16.74% | 34.49% | 0.16x | 2.97x | ฿22.23 Million |
| 2016 | 12.40% | 30.88% | 0.15x | 2.66x | ฿7.98 Million |
| 2017 | 8.15% | 15.31% | 0.11x | 4.71x | ฿-6.14 Million |
| 2018 | 15.75% | 18.72% | 0.14x | 5.99x | ฿20.03 Million |
| 2019 | 9.66% | 15.82% | 0.15x | 3.96x | ฿-1.86 Million |
| 2020 | 0.76% | 1.25% | 0.13x | 4.62x | ฿-47.63 Million |
| 2021 | -12.77% | -24.54% | 0.13x | 4.07x | ฿-104.42 Million |
| 2022 | -24.16% | -50.59% | 0.14x | 3.35x | ฿-142.29 Million |
| 2023 | 3.21% | 12.69% | 0.09x | 2.70x | ฿-31.38 Million |
| 2024 | -2.53% | -8.19% | 0.14x | 2.17x | ฿-63.16 Million |
Industry Comparison
This section compares G Capital 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: $1,588,429,776
- Average return on equity (ROE) among peers: 9.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| G Capital Public Company Limited (GCAP) | ฿496.35 Million | 16.09% | 0.96x | $3.52 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 |
| Eastern Commercial Leasing Public Company Limited (ECL) | $678.63 Million | 6.76% | 1.76x | $11.11 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |