Goodyear (Thailand) Public Company Limited (GYT) - Net Assets
Based on the latest financial reports, Goodyear (Thailand) Public Company Limited (GYT) has net assets worth ฿3.89 Billion THB (≈ $121.23 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.08 Billion ≈ $283.16 Million USD) and total liabilities (฿5.19 Billion ≈ $161.92 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 Goodyear (Thailand) Public Company Limit (GYT) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.89 Billion |
| % of Total Assets | 42.81% |
| Annual Growth Rate | 2.83% |
| 5-Year Change | 10.25% |
| 10-Year Change | -3.33% |
| Growth Volatility | 5.96 |
Goodyear (Thailand) Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Goodyear (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Goodyear (Thailand) Public Company Limit (GYT) market capitalisation.
Annual Net Assets for Goodyear (Thailand) Public Company Limited (2000–2025)
The table below shows the annual net assets of Goodyear (Thailand) Public Company Limited from 2000 to 2025. Also explore net asset momentum of Goodyear (Thailand) Public Company Limit to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿3.89 Billion ≈ $121.23 Million |
+3.44% |
| 2024-12-31 | ฿3.76 Billion ≈ $117.20 Million |
+3.54% |
| 2023-12-31 | ฿3.63 Billion ≈ $113.19 Million |
+1.71% |
| 2022-12-31 | ฿3.57 Billion ≈ $111.28 Million |
+1.20% |
| 2021-12-31 | ฿3.53 Billion ≈ $109.96 Million |
-0.55% |
| 2020-12-31 | ฿3.55 Billion ≈ $110.57 Million |
-5.11% |
| 2019-12-31 | ฿3.74 Billion ≈ $116.52 Million |
-3.14% |
| 2018-12-31 | ฿3.86 Billion ≈ $120.30 Million |
-3.71% |
| 2017-12-31 | ฿4.01 Billion ≈ $124.93 Million |
-0.39% |
| 2016-12-31 | ฿4.02 Billion ≈ $125.41 Million |
+3.03% |
| 2015-12-31 | ฿3.91 Billion ≈ $121.72 Million |
+6.17% |
| 2014-12-31 | ฿3.68 Billion ≈ $114.65 Million |
+2.48% |
| 2013-12-31 | ฿3.59 Billion ≈ $111.87 Million |
+5.20% |
| 2012-12-31 | ฿3.41 Billion ≈ $106.34 Million |
+20.21% |
| 2011-12-31 | ฿2.84 Billion ≈ $88.47 Million |
-8.62% |
| 2010-12-31 | ฿3.11 Billion ≈ $96.81 Million |
+7.77% |
| 2009-12-31 | ฿2.88 Billion ≈ $89.84 Million |
+1.70% |
| 2008-12-31 | ฿2.83 Billion ≈ $88.33 Million |
-1.53% |
| 2007-12-31 | ฿2.88 Billion ≈ $89.70 Million |
+4.83% |
| 2006-12-31 | ฿2.75 Billion ≈ $85.57 Million |
+0.90% |
| 2005-12-31 | ฿2.72 Billion ≈ $84.81 Million |
+5.63% |
| 2004-12-31 | ฿2.58 Billion ≈ $80.29 Million |
+8.96% |
| 2003-12-31 | ฿2.36 Billion ≈ $73.69 Million |
-1.77% |
| 2002-12-31 | ฿2.41 Billion ≈ $75.02 Million |
+10.13% |
| 2001-12-31 | ฿2.19 Billion ≈ $68.12 Million |
+12.80% |
| 2000-12-31 | ฿1.94 Billion ≈ $60.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goodyear (Thailand) 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 110.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.72 Billion | 95.54% |
| Other Components | ฿173.40 Million | 4.46% |
| Total Equity | ฿3.89 Billion | 100.00% |
Goodyear (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Goodyear (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hastings Technology Metals Ltd
AU:HAS
|
$43.17 Million |
|
Globetronics Tech Bhd
KLSE:7022
|
$43.18 Million |
|
Cypress Technology Co Ltd
TWO:3541
|
$43.19 Million |
|
Metal Sky Star Acquisition Corporation Ordinary shares
NASDAQ:MSSA
|
$43.21 Million |
|
Pembangunan Jaya Ancol Tbk
JK:PJAA
|
$43.13 Million |
|
ENDURANCE MOTIVE EO -02
F:7VB
|
$43.09 Million |
|
Endurance Motive S.A.
MC:END
|
$43.09 Million |
|
Bareket Capital Ltd
TA:BRKT
|
$43.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goodyear (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,760,088,000 to 3,889,512,000, a change of 129,424,000 (3.4%).
- Net income of 249,686,000 contributed positively to equity growth.
- Dividend payments of 54,760,000 reduced retained earnings.
- Other comprehensive income decreased equity by 7,400,000.
- Other factors decreased equity by 58,102,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿249.69 Million | +6.42% |
| Dividends Paid | ฿54.76 Million | -1.41% |
| Other Comprehensive Income | ฿-7.40 Million | -0.19% |
| Other Changes | ฿-58.10 Million | -1.49% |
| Total Change | ฿- | 3.44% |
Book Value vs Market Value Analysis
This analysis compares Goodyear (Thailand) 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: 0.36x
- 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 0.50x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿371.00 | ฿187.00 | x |
| 2007-12-31 | ฿388.91 | ฿187.00 | x |
| 2008-12-31 | ฿382.97 | ฿187.00 | x |
| 2009-12-31 | ฿389.49 | ฿187.00 | x |
| 2010-12-31 | ฿419.74 | ฿187.00 | x |
| 2011-12-31 | ฿383.55 | ฿187.00 | x |
| 2012-12-31 | ฿461.05 | ฿187.00 | x |
| 2013-12-31 | ฿485.03 | ฿187.00 | x |
| 2014-12-31 | ฿497.08 | ฿187.00 | x |
| 2015-12-31 | ฿527.73 | ฿187.00 | x |
| 2016-12-31 | ฿543.73 | ฿187.00 | x |
| 2017-12-31 | ฿541.63 | ฿187.00 | x |
| 2018-12-31 | ฿521.56 | ฿187.00 | x |
| 2019-12-31 | ฿505.18 | ฿187.00 | x |
| 2020-12-31 | ฿479.36 | ฿187.00 | x |
| 2021-12-31 | ฿503.97 | ฿187.00 | x |
| 2022-12-31 | ฿510.02 | ฿187.00 | x |
| 2023-12-31 | ฿490.72 | ฿187.00 | x |
| 2024-12-31 | ฿508.01 | ฿187.00 | x |
| 2025-12-31 | ฿525.61 | ฿187.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goodyear (Thailand) 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): 6.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.77%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.34x
- Recent ROE (6.42%) is above the historical average (6.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 13.78% | 7.91% | 1.24x | 1.41x | ฿73.25 Million |
| 2001 | 12.03% | 7.48% | 1.22x | 1.32x | ฿44.31 Million |
| 2002 | 10.12% | 6.91% | 1.10x | 1.33x | ฿2.83 Million |
| 2003 | 10.72% | 6.73% | 1.21x | 1.31x | ฿17.03 Million |
| 2004 | 12.53% | 8.01% | 1.19x | 1.31x | ฿65.14 Million |
| 2005 | 10.77% | 6.76% | 1.19x | 1.34x | ฿20.82 Million |
| 2006 | 7.90% | 5.26% | 1.09x | 1.38x | ฿-57.65 Million |
| 2007 | 4.61% | 4.67% | 0.67x | 1.46x | ฿-155.20 Million |
| 2008 | 1.06% | 0.81% | 0.97x | 1.36x | ฿-253.35 Million |
| 2009 | 8.09% | 6.90% | 0.93x | 1.26x | ฿-55.01 Million |
| 2010 | 10.78% | 8.01% | 1.02x | 1.32x | ฿24.24 Million |
| 2011 | -4.22% | -2.93% | 0.98x | 1.46x | ฿-403.64 Million |
| 2012 | 26.14% | 25.62% | 0.78x | 1.30x | ฿550.50 Million |
| 2013 | 9.17% | 9.12% | 0.81x | 1.25x | ฿-29.83 Million |
| 2014 | 6.45% | 6.25% | 0.81x | 1.28x | ฿-130.67 Million |
| 2015 | 9.87% | 9.71% | 0.77x | 1.32x | ฿-5.04 Million |
| 2016 | 6.95% | 7.17% | 0.74x | 1.31x | ฿-122.85 Million |
| 2017 | 3.44% | 3.45% | 0.70x | 1.42x | ฿-262.76 Million |
| 2018 | 0.88% | 0.88% | 0.63x | 1.59x | ฿-352.15 Million |
| 2019 | -1.62% | -1.56% | 0.62x | 1.69x | ฿-434.43 Million |
| 2020 | -4.96% | -5.10% | 0.52x | 1.87x | ฿-530.60 Million |
| 2021 | -0.92% | -0.79% | 0.54x | 2.14x | ฿-385.28 Million |
| 2022 | 0.75% | 0.48% | 0.67x | 2.34x | ฿-330.26 Million |
| 2023 | 1.83% | 1.06% | 0.78x | 2.21x | ฿-296.72 Million |
| 2024 | 4.11% | 2.30% | 0.78x | 2.28x | ฿-221.32 Million |
| 2025 | 6.42% | 3.77% | 0.73x | 2.34x | ฿-139.27 Million |
Industry Comparison
This section compares Goodyear (Thailand) Public Company Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,463,377,998
- Average return on equity (ROE) among peers: 13.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goodyear (Thailand) Public Company Limited (GYT) | ฿3.89 Billion | 13.78% | 1.34x | $43.13 Million |
| AAPICO Hitech Public Company Limited (AH) | $4.12 Billion | 17.26% | 0.48x | $162.37 Million |
| CPR Gomu Industrial PCL (CPR) | $504.13 Million | 8.77% | 0.16x | $15.63 Million |
| Chai Watana Tannery Group Public Company Limited (CWT) | $1.37 Billion | 3.86% | 1.60x | $18.27 Million |
| Fortune Parts Industry Public Company Limited (FPI) | $266.36 Million | 9.99% | 3.28x | $78.29 Million |
| Hwa Fong Rubber (Thailand) Public Company Limited (HFT) | $3.54 Billion | 13.02% | 0.22x | $83.32 Million |
| Interhides Public Company Limited (IHL) | $708.87 Million | 20.94% | 2.03x | $25.31 Million |
| Ingress Industrial (Thailand) Public Company Limited (INGRS) | $2.07 Billion | 2.13% | 2.29x | $16.24 Million |
| Inoue Rubber (Thailand) Public Company Limited (IRC) | $481.30 Million | 14.55% | 1.94x | $80.28 Million |
| N.D. Rubber Public Company Limited (NDR) | $113.46 Million | 30.73% | 2.24x | $26.35 Million |
About Goodyear (Thailand) Public Company Limited
Goodyear (Thailand) Public Company Limited manufactures, distributes, and sells motor vehicle and aero tires in Thailand and internationally. It operates through Ground Tires and Aero Tires segments. The company offers automotive tire products, which includes passenger car, pickup truck, SUV, sport, run on flat, and commercial tires; and aviation tire products, which includes general aviation and… Read more