Goodyear (Thailand) Public Company Limited (GYT) - Net Assets

Latest as of September 2025: ฿3.94 Billion THB ≈ $122.90 Million USD

Based on the latest financial reports, Goodyear (Thailand) Public Company Limited (GYT) has net assets worth ฿3.94 Billion THB (≈ $122.90 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 (฿9.10 Billion ≈ $283.63 Million USD) and total liabilities (฿5.16 Billion ≈ $160.73 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) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿3.94 Billion
% of Total Assets	43.33%
Annual Growth Rate	2.8%
5-Year Change	6.0%
10-Year Change	-3.72%
Growth Volatility	6.08

Goodyear (Thailand) Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Goodyear (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Goodyear (Thailand) Public Company Limit total assets for the complete picture of this company's asset base.

Annual Net Assets for Goodyear (Thailand) Public Company Limited (2000–2024)

The table below shows the annual net assets of Goodyear (Thailand) Public Company Limited from 2000 to 2024. For live valuation and market cap data, see Goodyear (Thailand) Public Company Limit market cap and net worth.

Year	Net Assets	Change
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	--

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 103.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿3.59 Billion	95.39%
Common Stock	฿74.00 Million	1.97%
Other Comprehensive Income	฿7.40 Million	0.20%
Other Components	฿92.00 Million	2.45%
Total Equity	฿3.76 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
Stalprofil S.A. WAR:STF	$42.09 Million
TPBI PCL BK:TPBI	$42.10 Million
Ta Jiang Co Ltd TW:1453	$42.10 Million
Osangjaiel Co. Ltd KQ:053980	$42.11 Million
Renishaw PLC LSE:RSW	$42.09 Million
Quorum Information Technologies Inc V:QIS	$42.09 Million
International Distributions Services PLC LSE:IDS	$42.08 Million
Skyline Builders Group Holding Limited Class A Ordinary Shares NASDAQ:SKBL	$42.08 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 2023 to 2024, total equity changed from 3,631,364,000 to 3,760,088,000, a change of 128,724,000 (3.5%).
Net income of 154,690,000 contributed positively to equity growth.
Dividend payments of 51,800,000 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿154.69 Million	+4.11%
Dividends Paid	฿51.80 Million	-1.38%
Other Changes	฿25.83 Million	+0.69%
Total Change	฿-	3.54%

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 0.49x 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	฿182.50	x
2007-12-31	฿388.91	฿182.50	x
2008-12-31	฿382.97	฿182.50	x
2009-12-31	฿389.49	฿182.50	x
2010-12-31	฿419.74	฿182.50	x
2011-12-31	฿383.55	฿182.50	x
2012-12-31	฿461.05	฿182.50	x
2013-12-31	฿485.03	฿182.50	x
2014-12-31	฿497.08	฿182.50	x
2015-12-31	฿527.73	฿182.50	x
2016-12-31	฿543.73	฿182.50	x
2017-12-31	฿541.63	฿182.50	x
2018-12-31	฿521.56	฿182.50	x
2019-12-31	฿505.18	฿182.50	x
2020-12-31	฿479.36	฿182.50	x
2021-12-31	฿503.97	฿182.50	x
2022-12-31	฿510.02	฿182.50	x
2023-12-31	฿490.72	฿182.50	x
2024-12-31	฿508.01	฿182.50	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): 4.11%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.30%
• Asset Turnover: 0.78x
• Equity Multiplier: 2.28x
Recent ROE (4.11%) is below the historical average (6.41%), suggesting potential challenges in 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

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: $1,874,276,242
Average return on equity (ROE) among peers: 7.98%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Goodyear (Thailand) Public Company Limited (GYT)	฿3.94 Billion	13.78%	1.31x	$42.09 Million
AAPICO Hitech Public Company Limited (AH)	$5.47 Billion	11.16%	1.30x	$139.32 Million
CPR Gomu Industrial PCL (CPR)	$758.04 Million	12.32%	0.13x	$16.75 Million
Chai Watana Tannery Group Public Company Limited (CWT)	$421.02 Million	-26.44%	2.48x	$15.32 Million
Fortune Parts Industry Public Company Limited (FPI)	$945.15 Million	20.35%	1.50x	$77.81 Million
Hwa Fong Rubber (Thailand) Public Company Limited (HFT)	$3.61 Billion	6.92%	0.14x	$85.38 Million
Interhides Public Company Limited (IHL)	$708.87 Million	20.94%	2.03x	$26.79 Million
Ingress Industrial (Thailand) Public Company Limited (INGRS)	$2.55 Billion	3.84%	0.76x	$16.24 Million
Inoue Rubber (Thailand) Public Company Limited (IRC)	$1.42 Billion	20.58%	0.84x	$68.30 Million
N.D. Rubber Public Company Limited (NDR)	$982.88 Million	2.15%	0.28x	$17.66 Million

About Goodyear (Thailand) Public Company Limited

BK:GYT Thailand Auto Parts

Market Cap

$42.09 Million

฿1.35 Billion THB

Market Cap Rank

#22520 Global

#391 in Thailand

Share Price

฿182.50

Change (1 day)

-0.27%

52-Week Range

฿167.00 - ฿228.00

All Time High

฿433.65