POSCO-Thainox Public Company Limited
POSCO-Thainox Public Company Limited engages in the production and sale of cold-rolled stainless-steel products in Thailand, South Korea, the United States, Germany, Vietnam, Turkey, India, Hong Kong, and internationally. The company offers austenitic and ferritic stainless-steel products used in seat belts, spring coils, water tanks, construction work, transportation, pipes, pit containers, food… Read more
POSCO-Thainox Public Company Limited (INOX) - Net Assets
Latest net assets as of September 2025: ฿9.08 Billion THB
Based on the latest financial reports, POSCO-Thainox Public Company Limited (INOX) has net assets worth ฿9.08 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 (฿11.29 Billion) and total liabilities (฿2.21 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 | ฿9.08 Billion |
| % of Total Assets | 80.4% |
| Annual Growth Rate | 0.05% |
| 5-Year Change | 4.09% |
| 10-Year Change | 6.89% |
| Growth Volatility | 11.37 |
POSCO-Thainox Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how POSCO-Thainox 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 POSCO-Thainox Public Company Limited (2003–2024)
The table below shows the annual net assets of POSCO-Thainox Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿9.29 Billion | +3.86% |
| 2023-12-31 | ฿8.95 Billion | -2.84% |
| 2022-12-31 | ฿9.21 Billion | -6.28% |
| 2021-12-31 | ฿9.83 Billion | +10.07% |
| 2020-12-31 | ฿8.93 Billion | -0.31% |
| 2019-12-31 | ฿8.95 Billion | -5.25% |
| 2018-12-31 | ฿9.45 Billion | +3.90% |
| 2017-12-31 | ฿9.10 Billion | -0.87% |
| 2016-12-31 | ฿9.18 Billion | +5.56% |
| 2015-12-31 | ฿8.69 Billion | +1.40% |
| 2014-12-31 | ฿8.57 Billion | +2.68% |
| 2013-12-31 | ฿8.35 Billion | -19.89% |
| 2012-12-31 | ฿10.42 Billion | -3.10% |
| 2011-12-31 | ฿10.76 Billion | -8.87% |
| 2010-12-31 | ฿11.80 Billion | +4.33% |
| 2009-12-31 | ฿11.31 Billion | +5.74% |
| 2008-12-31 | ฿10.70 Billion | -12.36% |
| 2007-12-31 | ฿12.21 Billion | -1.19% |
| 2006-12-31 | ฿12.36 Billion | +3.47% |
| 2005-12-31 | ฿11.94 Billion | -8.08% |
| 2004-12-31 | ฿12.99 Billion | +41.35% |
| 2003-12-31 | ฿9.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to POSCO-Thainox 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 57543894500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿575.44 Million | 6.19% |
| Common Stock | ฿7.80 Billion | 83.89% |
| Other Comprehensive Income | ฿589.17 Million | 6.34% |
| Other Components | ฿332.13 Million | 3.57% |
| Total Equity | ฿9.29 Billion | 100.00% |
POSCO-Thainox Public Company Limited Competitors by Market Cap
The table below lists competitors of POSCO-Thainox Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
De.Mem Ltd
AU:DEM
|
$11.41 Million |
|
Adhi Kartiko Pratama Tbk.
JK:NICE
|
$11.41 Million |
|
Euro Trend Yatirim Ortakligi AS
IS:ETYAT
|
$11.41 Million |
|
Mangalam Organics Limited
NSE:MANORG
|
$11.41 Million |
|
First Graphene Ltd
OTCQB:FGPHF
|
$11.40 Million |
|
Cruzados SADP
SN:CRUZADOS
|
$11.40 Million |
|
ICAPE HOLDING EO -40
F:Z8J
|
$11.40 Million |
|
Antec Inc
TWO:6276
|
$11.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in POSCO-Thainox Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,946,675,796 to 9,292,447,329, a change of 345,771,533 (3.9%).
- Net income of 350,831,409 contributed positively to equity growth.
- Dividend payments of 10,640 reduced retained earnings.
- Other comprehensive income increased equity by 17,464,889.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿350.83 Million | +3.78% |
| Dividends Paid | ฿10.64K | -0.0% |
| Other Comprehensive Income | ฿17.46 Million | +0.19% |
| Other Changes | ฿-22.51 Million | -0.24% |
| Total Change | ฿- | 3.86% |
Book Value vs Market Value Analysis
This analysis compares POSCO-Thainox 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: 0.34x
- 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 |
|---|---|---|---|
| 2005-12-31 | ฿1.49 | ฿0.40 | x |
| 2006-12-31 | ฿1.59 | ฿0.40 | x |
| 2007-12-31 | ฿1.57 | ฿0.40 | x |
| 2008-12-31 | ฿1.37 | ฿0.40 | x |
| 2009-12-31 | ฿1.45 | ฿0.40 | x |
| 2010-12-31 | ฿1.51 | ฿0.40 | x |
| 2011-12-31 | ฿1.38 | ฿0.40 | x |
| 2012-12-31 | ฿1.34 | ฿0.40 | x |
| 2013-12-31 | ฿1.07 | ฿0.40 | x |
| 2014-12-31 | ฿1.10 | ฿0.40 | x |
| 2015-12-31 | ฿1.12 | ฿0.40 | x |
| 2016-12-31 | ฿1.18 | ฿0.40 | x |
| 2017-12-31 | ฿1.17 | ฿0.40 | x |
| 2018-12-31 | ฿1.21 | ฿0.40 | x |
| 2019-12-31 | ฿1.15 | ฿0.40 | x |
| 2020-12-31 | ฿1.15 | ฿0.40 | x |
| 2021-12-31 | ฿1.26 | ฿0.40 | x |
| 2022-12-31 | ฿1.18 | ฿0.40 | x |
| 2023-12-31 | ฿1.15 | ฿0.40 | x |
| 2024-12-31 | ฿1.19 | ฿0.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently POSCO-Thainox 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): 3.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.44%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 1.29x
- Recent ROE (3.78%) is below the historical average (3.92%), 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 | 29.15% | 21.87% | 0.84x | 1.59x | ฿1.76 Billion |
| 2004 | 13.74% | 12.18% | 0.75x | 1.49x | ฿485.69 Million |
| 2005 | 2.91% | 2.58% | 0.86x | 1.32x | ฿-847.00 Million |
| 2006 | 16.70% | 13.65% | 0.80x | 1.52x | ฿827.35 Million |
| 2007 | 1.10% | 0.73% | 1.07x | 1.41x | ฿-1.09 Billion |
| 2008 | -10.88% | -8.20% | 0.86x | 1.54x | ฿-2.23 Billion |
| 2009 | 3.59% | 5.09% | 0.52x | 1.35x | ฿-724.15 Million |
| 2010 | 5.46% | 6.14% | 0.63x | 1.42x | ฿-535.64 Million |
| 2011 | -5.72% | -5.57% | 0.72x | 1.42x | ฿-1.69 Billion |
| 2012 | -0.17% | -0.13% | 0.88x | 1.42x | ฿-1.06 Billion |
| 2013 | -3.81% | -2.99% | 0.89x | 1.44x | ฿-1.15 Billion |
| 2014 | 2.56% | 1.61% | 1.12x | 1.42x | ฿-637.67 Million |
| 2015 | 1.38% | 1.02% | 1.05x | 1.29x | ฿-749.45 Million |
| 2016 | 6.42% | 4.30% | 1.15x | 1.29x | ฿-328.65 Million |
| 2017 | 3.47% | 2.04% | 1.19x | 1.43x | ฿-593.53 Million |
| 2018 | 5.95% | 3.49% | 1.26x | 1.36x | ฿-382.65 Million |
| 2019 | -0.72% | -0.45% | 1.24x | 1.30x | ฿-960.02 Million |
| 2020 | -0.20% | -0.13% | 1.21x | 1.22x | ฿-910.12 Million |
| 2021 | 9.01% | 4.63% | 1.38x | 1.41x | ฿-96.97 Million |
| 2022 | 3.41% | 1.34% | 2.03x | 1.26x | ฿-606.56 Million |
| 2023 | -0.82% | -0.52% | 1.21x | 1.30x | ฿-967.75 Million |
| 2024 | 3.78% | 2.44% | 1.20x | 1.29x | ฿-578.41 Million |
Industry Comparison
This section compares POSCO-Thainox Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,871,343,081
- Average return on equity (ROE) among peers: 3.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| POSCO-Thainox Public Company Limited (INOX) | ฿9.08 Billion | 29.15% | 0.24x | $11.41 Million |
| 2S Metal Public Company Limited (2S) | $1.31 Billion | 8.03% | 0.41x | $15.33 Million |
| Asia Metal Public Company Limited (AMC) | $1.58 Billion | 7.16% | 1.61x | $6.99 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $1.82 Billion | -2.65% | 0.07x | $5.50 Million |
| Capital Engineering Network Public Company Limited (CEN) | $2.42 Billion | -0.89% | 0.19x | $5.45 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $520.72 Million | 0.00% | 4.33x | $8.20 Million |
| CSP Steel Center Public Company Limited (CSP) | $664.19 Million | 10.03% | 1.87x | $950.75K |
| G J Steel Public Company Limited (GJS) | $11.94 Billion | -0.06% | 0.49x | $33.84 Million |
| Lohakit Metal Public Company Limited (LHK) | $1.64 Billion | 5.32% | 0.30x | $15.23 Million |
| M.C.S. Steel Public Company Limited (MCS) | $3.94 Billion | 3.04% | 0.72x | $112.11 Million |