G J Steel Public Company Limited (GJS) - Net Assets
Based on the latest financial reports, G J Steel Public Company Limited (GJS) has net assets worth ฿10.33 Billion THB (≈ $321.99 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 (฿11.46 Billion ≈ $357.06 Million USD) and total liabilities (฿1.13 Billion ≈ $35.07 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 GJS asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿10.33 Billion |
| % of Total Assets | 90.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | -11.7% |
| 10-Year Change | -6.45% |
| Growth Volatility | 15.02 |
G J Steel Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how G J Steel Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is G J Steel Public Company Limited's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for G J Steel Public Company Limited (2000–2024)
The table below shows the annual net assets of G J Steel Public Company Limited from 2000 to 2024. For live valuation and market cap data, see GJS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿11.18 Billion ≈ $348.44 Million |
-8.35% |
| 2023-12-31 | ฿12.20 Billion ≈ $380.20 Million |
-3.98% |
| 2022-12-31 | ฿12.70 Billion ≈ $395.93 Million |
-19.80% |
| 2021-12-31 | ฿15.84 Billion ≈ $493.68 Million |
+25.10% |
| 2020-12-31 | ฿12.66 Billion ≈ $394.62 Million |
-4.77% |
| 2019-12-31 | ฿13.29 Billion ≈ $414.37 Million |
+0.58% |
| 2018-12-31 | ฿13.22 Billion ≈ $411.98 Million |
-5.95% |
| 2017-12-31 | ฿14.05 Billion ≈ $438.04 Million |
+17.68% |
| 2016-12-31 | ฿11.94 Billion ≈ $372.23 Million |
-0.06% |
| 2015-12-31 | ฿11.95 Billion ≈ $372.44 Million |
-11.25% |
| 2014-12-31 | ฿13.46 Billion ≈ $419.65 Million |
-3.01% |
| 2013-12-31 | ฿13.88 Billion ≈ $432.69 Million |
+36.12% |
| 2012-12-31 | ฿10.20 Billion ≈ $317.88 Million |
-16.65% |
| 2011-12-31 | ฿12.24 Billion ≈ $381.36 Million |
-9.21% |
| 2010-12-31 | ฿13.48 Billion ≈ $420.07 Million |
-28.36% |
| 2009-12-31 | ฿18.81 Billion ≈ $586.38 Million |
-19.64% |
| 2008-12-31 | ฿23.41 Billion ≈ $729.72 Million |
+10.60% |
| 2007-12-31 | ฿21.17 Billion ≈ $659.80 Million |
+9.80% |
| 2006-12-31 | ฿19.28 Billion ≈ $600.90 Million |
+8.19% |
| 2005-12-31 | ฿17.82 Billion ≈ $555.42 Million |
-1.45% |
| 2004-12-31 | ฿18.08 Billion ≈ $563.60 Million |
+3.20% |
| 2003-12-31 | ฿17.52 Billion ≈ $546.11 Million |
+162.09% |
| 2002-12-31 | ฿-28.22 Billion ≈ $-879.53 Million |
-3.70% |
| 2001-12-31 | ฿-27.21 Billion ≈ $-848.14 Million |
-77.18% |
| 2000-12-31 | ฿-15.36 Billion ≈ $-478.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to G J Steel 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 396784477500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿24.47 Billion | 218.87% |
| Other Comprehensive Income | ฿37.00 Million | 0.33% |
| Total Equity | ฿11.18 Billion | 100.00% |
G J Steel Public Company Limited Competitors by Market Cap
The table below lists competitors of G J Steel Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Engtex Group Bhd
KLSE:5056
|
$103.34 Million |
|
Lithium Chile Inc
V:LITH
|
$103.34 Million |
|
51 CREDIT CARD DL-00001
F:2JY
|
$103.36 Million |
|
SA Catana Group
PA:CATG
|
$103.36 Million |
|
Graha Andrasentra Propertindo Tbk PT
JK:JGLE
|
$103.21 Million |
|
SD Standard Drilling PLC
OL:SDSD
|
$103.21 Million |
|
Shin Foong Specialty and Applied Materials Co
TW:6582
|
$103.20 Million |
|
Putra Mandiri Jembar Tbk PT
JK:PMJS
|
$103.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G J Steel Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,197,803,944 to 11,178,998,303, a change of -1,018,805,641 (-8.4%).
- Net loss of 1,018,805,641 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-1.02 Billion | -9.11% |
| Total Change | ฿- | -8.35% |
Book Value vs Market Value Analysis
This analysis compares G J Steel 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: 0.30x
- 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 increased from 0.01x to 0.30x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿17.11 | ฿0.13 | x |
| 2006-12-31 | ฿13.22 | ฿0.13 | x |
| 2007-12-31 | ฿7.35 | ฿0.13 | x |
| 2008-12-31 | ฿5.60 | ฿0.13 | x |
| 2009-12-31 | ฿4.55 | ฿0.13 | x |
| 2010-12-31 | ฿2.36 | ฿0.13 | x |
| 2011-12-31 | ฿2.94 | ฿0.13 | x |
| 2012-12-31 | ฿2.45 | ฿0.13 | x |
| 2013-12-31 | ฿1.36 | ฿0.13 | x |
| 2014-12-31 | ฿1.22 | ฿0.13 | x |
| 2015-12-31 | ฿1.08 | ฿0.13 | x |
| 2016-12-31 | ฿1.08 | ฿0.13 | x |
| 2017-12-31 | ฿1.17 | ฿0.13 | x |
| 2018-12-31 | ฿0.91 | ฿0.13 | x |
| 2019-12-31 | ฿0.61 | ฿0.13 | x |
| 2020-12-31 | ฿0.50 | ฿0.13 | x |
| 2021-12-31 | ฿0.62 | ฿0.13 | x |
| 2022-12-31 | ฿0.50 | ฿0.13 | x |
| 2023-12-31 | ฿0.48 | ฿0.13 | x |
| 2024-12-31 | ฿0.44 | ฿0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G J Steel 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): -9.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.54%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.06x
- Recent ROE (-9.11%) is below the historical average (-8.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.53% | 910.99% | 0.00x | 1.69x | ฿-1.48 Billion |
| 2004 | 3.23% | 6.00% | 0.30x | 1.82x | ฿-1.22 Billion |
| 2005 | -4.05% | -5.15% | 0.43x | 1.83x | ฿-2.50 Billion |
| 2006 | -18.13% | -20.53% | 0.54x | 1.63x | ฿-5.42 Billion |
| 2007 | -0.83% | -0.74% | 0.77x | 1.47x | ฿-2.29 Billion |
| 2008 | -15.55% | -13.53% | 0.89x | 1.29x | ฿-5.98 Billion |
| 2009 | -24.42% | -32.24% | 0.54x | 1.42x | ฿-6.47 Billion |
| 2010 | -27.24% | -22.71% | 0.68x | 1.76x | ฿-5.02 Billion |
| 2011 | -10.56% | -6.94% | 0.79x | 1.92x | ฿-2.52 Billion |
| 2012 | -19.97% | -25.77% | 0.38x | 2.03x | ฿-3.06 Billion |
| 2013 | -11.52% | -16.35% | 0.47x | 1.49x | ฿-2.99 Billion |
| 2014 | -3.11% | -2.88% | 0.73x | 1.47x | ฿-1.76 Billion |
| 2015 | -12.67% | -12.35% | 0.68x | 1.51x | ฿-2.71 Billion |
| 2016 | -0.06% | -0.06% | 0.66x | 1.49x | ฿-1.20 Billion |
| 2017 | 7.05% | 6.52% | 0.78x | 1.39x | ฿-415.03 Million |
| 2018 | -6.32% | -2.79% | 1.59x | 1.42x | ฿-2.16 Billion |
| 2019 | -13.52% | -13.91% | 0.83x | 1.17x | ฿-3.13 Billion |
| 2020 | -7.40% | -8.23% | 0.77x | 1.17x | ฿-2.20 Billion |
| 2021 | 20.07% | 17.27% | 1.11x | 1.05x | ฿1.59 Billion |
| 2022 | -24.69% | -18.02% | 1.29x | 1.06x | ฿-4.41 Billion |
| 2023 | -4.03% | -3.94% | 0.97x | 1.05x | ฿-1.71 Billion |
| 2024 | -9.11% | -8.54% | 1.01x | 1.06x | ฿-2.14 Billion |
Industry Comparison
This section compares G J Steel Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,068,478,271
- Average return on equity (ROE) among peers: 2.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| G J Steel Public Company Limited (GJS) | ฿10.33 Billion | 1.53% | 0.11x | $103.27 Million |
| 2S Metal Public Company Limited (2S) | $575.58 Million | 12.41% | 0.78x | $46.29 Million |
| Asia Metal Public Company Limited (AMC) | $1.51 Billion | 5.63% | 1.31x | $35.61 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $2.07 Billion | 12.53% | 0.22x | $20.27 Million |
| Capital Engineering Network Public Company Limited (CEN) | $-1.32 Billion | 0.00% | 0.00x | $14.86 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $1.31 Billion | -8.41% | 5.17x | $33.91 Million |
| CSP Steel Center Public Company Limited (CSP) | $769.64 Million | -12.34% | 1.68x | $7.58 Million |
| POSCO-Thainox Public Company Limited (INOX) | $9.29 Billion | 3.78% | 0.29x | $104.48 Million |
| Lohakit Metal Public Company Limited (LHK) | $652.47 Million | -8.11% | 0.84x | $40.11 Million |
| M.C.S. Steel Public Company Limited (MCS) | $3.76 Billion | 18.05% | 0.61x | $120.43 Million |
About G J Steel Public Company Limited
G J Steel Public Company Limited manufactures and distributes hot rolled coil steel products in Thailand. The company was formerly known as Nakornthai Strip Mill Public Company Limited and changed its name to G J Steel Public Company Limited in June 2008. G J Steel Public Company Limited was founded in 1994 and is headquartered in Bangkok, Thailand.