Triple i Logistics Public Company Limited
Triple i Logistics Public Company Limited, together with its subsidiaries, provides domestic and international freight forwarding, and integrated logistics services in Thailand and internationally. The company operates through Air Freight; Sea and In-Land Freight; Logistics Management; Chemical and Hazardous Goods Logistics; and Other Management Services segments. It offers wholesale air freight … Read more
Triple i Logistics Public Company Limited (III) - Net Assets
Latest net assets as of September 2025: ฿3.89 Billion THB
Based on the latest financial reports, Triple i Logistics Public Company Limited (III) has net assets worth ฿3.89 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.89 Billion) and total liabilities (฿1.01 Billion). 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 | ฿3.89 Billion |
| % of Total Assets | 79.45% |
| Annual Growth Rate | 42.26% |
| 5-Year Change | 203.83% |
| 10-Year Change | 1471.56% |
| Growth Volatility | 66.49 |
Triple i Logistics Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how Triple i Logistics 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 Triple i Logistics Public Company Limited (2014–2024)
The table below shows the annual net assets of Triple i Logistics Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.92 Billion | +4.25% |
| 2023-12-31 | ฿3.76 Billion | +40.83% |
| 2022-12-31 | ฿2.67 Billion | +53.10% |
| 2021-12-31 | ฿1.75 Billion | +35.17% |
| 2020-12-31 | ฿1.29 Billion | +0.94% |
| 2019-12-31 | ฿1.28 Billion | +6.41% |
| 2018-12-31 | ฿1.20 Billion | +7.80% |
| 2017-12-31 | ฿1.11 Billion | +226.79% |
| 2016-12-31 | ฿341.20 Million | +36.70% |
| 2015-12-31 | ฿249.60 Million | +116.10% |
| 2014-12-31 | ฿115.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Triple i Logistics 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 133761728100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.33 Billion | 33.78% |
| Other Components | ฿2.60 Billion | 66.22% |
| Total Equity | ฿3.92 Billion | 100.00% |
Triple i Logistics Public Company Limited Competitors by Market Cap
The table below lists competitors of Triple i Logistics Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JW Shinyak Corporation
KQ:067290
|
$42.36 Million |
|
Conrad Industries Inc
PINK:CNRD
|
$42.36 Million |
|
HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND
BK:HPF
|
$42.36 Million |
|
Garuda Construction & Engineering
NSE:GARUDA
|
$42.37 Million |
|
Taeyang Metal
KO:004100
|
$42.34 Million |
|
BICO Group AB (publ)
PINK:BCCOY
|
$42.34 Million |
|
Cots Technology Co Ltd
KQ:448710
|
$42.32 Million |
|
MicroAlgo Inc.
NASDAQ:MLGO
|
$42.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Triple i Logistics Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,762,613,507 to 3,922,617,615, a change of 160,004,108 (4.3%).
- Net income of 441,406,731 contributed positively to equity growth.
- Dividend payments of 234,859,849 reduced retained earnings.
- Share repurchases of 23,728,780 reduced equity.
- Other comprehensive income decreased equity by 289,497,062.
- Other factors increased equity by 266,683,068.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿441.41 Million | +11.25% |
| Dividends Paid | ฿234.86 Million | -5.99% |
| Share Repurchases | ฿23.73 Million | -0.6% |
| Other Comprehensive Income | ฿-289.50 Million | -7.38% |
| Other Changes | ฿266.68 Million | +6.8% |
| Total Change | ฿- | 4.25% |
Book Value vs Market Value Analysis
This analysis compares Triple i Logistics 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: 0.80x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿-0.01 | ฿4.00 | x |
| 2015-12-31 | ฿0.41 | ฿4.00 | x |
| 2016-12-31 | ฿0.56 | ฿4.00 | x |
| 2017-12-31 | ฿2.24 | ฿4.00 | x |
| 2018-12-31 | ฿1.97 | ฿4.00 | x |
| 2019-12-31 | ฿2.09 | ฿4.00 | x |
| 2020-12-31 | ฿2.15 | ฿4.00 | x |
| 2021-12-31 | ฿2.59 | ฿4.00 | x |
| 2022-12-31 | ฿3.76 | ฿4.00 | x |
| 2023-12-31 | ฿4.58 | ฿4.00 | x |
| 2024-12-31 | ฿5.01 | ฿4.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Triple i Logistics 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): 11.25%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.41%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.25x
- Recent ROE (11.25%) is below the historical average (14.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.22% | 1.61x | 0.00x | ฿3.01 Million |
| 2015 | -0.79% | -0.13% | 1.82x | 3.37x | ฿-27.18 Million |
| 2016 | 26.20% | 4.31% | 1.95x | 3.12x | ฿55.28 Million |
| 2017 | 11.63% | 5.65% | 1.48x | 1.40x | ฿18.14 Million |
| 2018 | 12.54% | 5.44% | 1.46x | 1.58x | ฿30.49 Million |
| 2019 | 12.86% | 6.06% | 1.22x | 1.74x | ฿36.61 Million |
| 2020 | 12.59% | 10.11% | 0.67x | 1.86x | ฿33.39 Million |
| 2021 | 21.03% | 12.48% | 1.00x | 1.69x | ฿192.45 Million |
| 2022 | 29.78% | 28.53% | 0.76x | 1.38x | ฿528.49 Million |
| 2023 | 23.02% | 49.09% | 0.38x | 1.24x | ฿489.96 Million |
| 2024 | 11.25% | 18.41% | 0.49x | 1.25x | ฿49.14 Million |
Industry Comparison
This section compares Triple i Logistics Public Company Limited's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $701,164,058
- Average return on equity (ROE) among peers: 11.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Triple i Logistics Public Company Limited (III) | ฿3.89 Billion | 0.00% | 0.26x | $42.36 Million |
| Begistics Public Company Limited (B) | $2.17 Billion | 3.29% | 0.11x | $7.40 Million |
| Euroasia Total Logistics PCL (ETL) | $367.94 Million | 28.86% | 2.08x | $2.31 Million |
| Leo Global Logistics Public Company Limited (LEO) | $113.28 Million | 15.06% | 1.86x | $9.02 Million |
| M P J Logistics Public Company Limited (MPJ) | $6.55 Million | 4.12% | 3.22x | $10.15 Million |
| NCL International Logistics Public Company Limited (NCL) | $325.21 Million | 6.01% | 0.64x | $2.61 Million |
| Sino Logistics Corporation Public Company Limited (SINO) | $862.13 Million | 6.11% | 0.59x | $8.44 Million |
| SCGJWD LOGISTICS PCL NON-VOTING DR (SJWD) | $1.49 Billion | 25.19% | 1.78x | $87.91 Million |
| Sonic Interfreight Public Company Limited (SONIC) | $560.83 Million | 8.31% | 0.50x | $15.83 Million |
| Thai Parcels Public Company Limited (TPL) | $413.92 Million | 5.15% | 0.49x | $7.75 Million |