Gratitude Infinite Public Company Limited
Gift Infinite Public Company Limited, together with its subsidiaries, engages in the supply and distribution of chemical products in Thailand. The company operates through Chemical Distribution and Sim Card Electronic Media Distribution divisions. It also buys and sells products/services using electronic media or e-commerce. The company was formerly known as Gratitude Infinite Public Company Limi… Read more
Gratitude Infinite Public Company Limited (GIFT) - Net Assets
Latest net assets as of September 2024: ฿1.93 Billion THB
Based on the latest financial reports, Gratitude Infinite Public Company Limited (GIFT) has net assets worth ฿1.93 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 (฿2.78 Billion) and total liabilities (฿853.13 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 | ฿1.93 Billion |
| % of Total Assets | 69.34% |
| Annual Growth Rate | 20.8% |
| 5-Year Change | 91.46% |
| 10-Year Change | 294.57% |
| Growth Volatility | 55.44 |
Gratitude Infinite Public Company Limited - Net Assets Trend (2010–2023)
This chart illustrates how Gratitude Infinite 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 Gratitude Infinite Public Company Limited (2010–2023)
The table below shows the annual net assets of Gratitude Infinite Public Company Limited from 2010 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿1.52 Billion | +201.60% |
| 2022-12-31 | ฿503.93 Million | -1.53% |
| 2021-12-31 | ฿511.76 Million | -15.64% |
| 2020-12-31 | ฿606.64 Million | -23.58% |
| 2019-12-31 | ฿793.84 Million | +2.58% |
| 2018-12-31 | ฿773.88 Million | +13.87% |
| 2017-12-31 | ฿679.62 Million | +21.42% |
| 2016-12-31 | ฿559.70 Million | +18.87% |
| 2015-12-31 | ฿470.83 Million | +22.23% |
| 2014-12-31 | ฿385.19 Million | +21.25% |
| 2013-12-31 | ฿317.68 Million | +15.36% |
| 2012-12-31 | ฿275.38 Million | +15.47% |
| 2011-12-31 | ฿238.48 Million | +83.03% |
| 2010-12-31 | ฿130.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gratitude Infinite 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 17.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿61.05 Million | 5.69% |
| Common Stock | ฿660.81 Million | 61.62% |
| Other Comprehensive Income | ฿26.83 Million | 2.50% |
| Other Components | ฿323.79 Million | 30.19% |
| Total Equity | ฿1.07 Billion | 100.00% |
Gratitude Infinite Public Company Limited Competitors by Market Cap
The table below lists competitors of Gratitude Infinite Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RaemongRaein Co. Ltd.
KQ:200350
|
$19.98 Million |
|
Hexza Corporation Bhd
KLSE:3298
|
$19.98 Million |
|
Oriental Interest Bhd
KLSE:5827
|
$19.99 Million |
|
Incheon City G
KO:034590
|
$19.99 Million |
|
Rio Paranapanema Energia S.A
SA:GEPA3
|
$19.96 Million |
|
ITALIAN SEA GROUP
F:6QN
|
$19.96 Million |
|
PJ Metal Co. Ltd
KQ:128660
|
$19.96 Million |
|
AVALON ADV. MAT. INC.
F:OU5A
|
$19.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gratitude Infinite Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 503,932,717 to 1,072,479,126, a change of 568,546,409 (112.8%).
- Net income of 39,945,589 contributed positively to equity growth.
- New share issuances of 544,500,000 increased equity.
- Other comprehensive income decreased equity by 12,293,326.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿39.95 Million | +3.72% |
| Share Issuances | ฿544.50 Million | +50.77% |
| Other Comprehensive Income | ฿-12.29 Million | -1.15% |
| Other Changes | ฿-3.61 Million | -0.34% |
| Total Change | ฿- | 112.82% |
Book Value vs Market Value Analysis
This analysis compares Gratitude Infinite 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: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.92x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | ฿0.42 | ฿1.64 | x |
| 2011-12-31 | ฿0.55 | ฿1.64 | x |
| 2012-12-31 | ฿0.45 | ฿1.64 | x |
| 2013-12-31 | ฿0.52 | ฿1.64 | x |
| 2014-12-31 | ฿0.63 | ฿1.64 | x |
| 2015-12-31 | ฿0.62 | ฿1.64 | x |
| 2016-12-31 | ฿0.92 | ฿1.64 | x |
| 2017-12-31 | ฿0.86 | ฿1.64 | x |
| 2018-12-31 | ฿1.99 | ฿1.64 | x |
| 2019-12-31 | ฿0.99 | ฿1.64 | x |
| 2020-12-31 | ฿0.76 | ฿1.64 | x |
| 2021-12-31 | ฿0.73 | ฿1.64 | x |
| 2022-12-31 | ฿0.76 | ฿1.64 | x |
| 2023-12-31 | ฿0.98 | ฿1.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gratitude Infinite 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): 3.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.24%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 2.06x
- Recent ROE (3.72%) is below the historical average (11.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 13.10% | 5.85% | 0.91x | 2.47x | ฿4.04 Million |
| 2011 | 14.93% | 7.15% | 0.95x | 2.19x | ฿11.76 Million |
| 2012 | 18.59% | 7.93% | 1.27x | 1.84x | ฿23.66 Million |
| 2013 | 15.59% | 7.44% | 1.12x | 1.87x | ฿17.77 Million |
| 2014 | 19.85% | 9.25% | 1.17x | 1.83x | ฿37.49 Million |
| 2015 | 19.35% | 12.50% | 0.99x | 1.57x | ฿43.55 Million |
| 2016 | 18.89% | 14.05% | 0.89x | 1.51x | ฿49.77 Million |
| 2017 | 15.55% | 14.13% | 0.80x | 1.38x | ฿37.71 Million |
| 2018 | 13.21% | 13.05% | 0.74x | 1.37x | ฿24.84 Million |
| 2019 | 13.87% | 15.02% | 0.72x | 1.27x | ฿30.71 Million |
| 2020 | 1.93% | 2.82% | 0.64x | 1.07x | ฿-48.96 Million |
| 2021 | -6.08% | -18.53% | 0.31x | 1.07x | ฿-82.29 Million |
| 2022 | -2.26% | -10.09% | 0.22x | 1.03x | ฿-61.76 Million |
| 2023 | 3.72% | 5.24% | 0.34x | 2.06x | ฿-67.30 Million |
Industry Comparison
This section compares Gratitude Infinite Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,670,174,555
- Average return on equity (ROE) among peers: 8.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gratitude Infinite Public Company Limited (GIFT) | ฿1.93 Billion | 13.10% | 0.44x | $19.97 Million |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 0.42x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $9.29 Billion | 8.68% | 0.88x | $87.76 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |
| Global Connections Public Company Limited (GC) | $366.31 Million | 29.61% | 1.58x | $20.11 Million |