Inoue Rubber (Thailand) Public Company Limited

BK:IRC Thailand Auto Parts
Market Cap
$63.19 Million
฿2.19 Billion THB
Market Cap Rank
#26598 Global
#423 in Thailand
Share Price
฿11.40
Change (1 day)
+0.88%
52-Week Range
฿10.30 - ฿12.60
All Time High
฿20.29
Categories
Companies in Thailand Auto Parts
About

Inoue Rubber (Thailand) Public Company Limited engages in the research, development, manufacture, and distribution of motorcycle tires and tubes in Thailand and internationally. The company offers industrial elastomer rubber parts for automobile, motorcycle, machinery for agriculture and fishery, infrastructure project, construction, and other industries. It also offers automotive elastomer produ… Read more

Inoue Rubber (Thailand) Public Company Limited (IRC) - Net Assets

Latest net assets as of September 2025: ฿4.14 Billion THB

Based on the latest financial reports, Inoue Rubber (Thailand) Public Company Limited (IRC) has net assets worth ฿4.14 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 (฿5.31 Billion) and total liabilities (฿1.18 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 ฿4.14 Billion
% of Total Assets 77.86%
Annual Growth Rate 8.98%
5-Year Change 6.19%
10-Year Change 29.2%
Growth Volatility 7.59

Inoue Rubber (Thailand) Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Inoue Rubber (Thailand) 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 Inoue Rubber (Thailand) Public Company Limited (2000–2025)

The table below shows the annual net assets of Inoue Rubber (Thailand) Public Company Limited from 2000 to 2025.

Year Net Assets Change
2025-09-30 ฿4.14 Billion -0.90%
2024-09-30 ฿4.17 Billion +6.20%
2023-09-30 ฿3.93 Billion +2.54%
2022-09-30 ฿3.83 Billion -1.60%
2021-09-30 ฿3.89 Billion +9.73%
2020-09-30 ฿3.55 Billion -0.90%
2019-09-30 ฿3.58 Billion -0.42%
2018-09-30 ฿3.60 Billion +5.25%
2017-09-30 ฿3.42 Billion +6.75%
2016-09-30 ฿3.20 Billion +11.77%
2015-09-30 ฿2.86 Billion +12.31%
2014-09-30 ฿2.55 Billion +6.41%
2013-09-30 ฿2.40 Billion +18.15%
2012-09-30 ฿2.03 Billion -1.01%
2011-09-30 ฿2.05 Billion +2.52%
2010-09-30 ฿2.00 Billion +12.66%
2009-09-30 ฿1.77 Billion +10.64%
2008-09-30 ฿1.60 Billion +12.74%
2007-09-30 ฿1.42 Billion +19.77%
2006-09-30 ฿1.19 Billion +9.62%
2005-09-30 ฿1.08 Billion +13.94%
2004-09-30 ฿950.63 Million +17.95%
2003-09-30 ฿805.95 Million +25.64%
2002-09-30 ฿641.45 Million +23.03%
2001-09-30 ฿521.40 Million +8.33%
2000-09-30 ฿481.30 Million --

Equity Component Analysis

This analysis shows how different components contribute to Inoue Rubber (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 362762158800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component Amount Percentage
Retained Earnings ฿3.63 Billion 87.72%
Other Components ฿507.88 Million 12.28%
Total Equity ฿4.14 Billion 100.00%

Inoue Rubber (Thailand) Public Company Limited Competitors by Market Cap

The table below lists competitors of Inoue Rubber (Thailand) Public Company Limited ranked by their market capitalization.

Company Market Cap
OUTBRAIN INC. DL-001
F:852
 		$15.61 Million
Jervois Global Ltd
AU:JRV
 		$15.62 Million
UUE Holdings Berhad
KLSE:0310
 		$15.63 Million
Compania Espanola de Viviendas en Alquiler SA
MC:CEV
 		$15.63 Million
Alrov Properties & Lodgings Ltd
TA:ALRPR
 		$15.61 Million
Genolution Inc.
KQ:225220
 		$15.61 Million
BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877-
F:BLH
 		$15.61 Million
UMeWorld Limited
PINK:UMEWF
 		$15.60 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Inoue Rubber (Thailand) Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 4,172,919,457 to 4,135,504,391, a change of -37,415,066 (-0.9%).
  • Net income of 184,256,995 contributed positively to equity growth.
  • Dividend payments of 166,836,314 reduced retained earnings.
  • Other comprehensive income decreased equity by 20,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ฿184.26 Million +4.46%
Dividends Paid ฿166.84 Million -4.03%
Other Comprehensive Income ฿-20.00 Million -0.48%
Other Changes ฿-34.84 Million -0.84%
Total Change ฿- -0.90%

Book Value vs Market Value Analysis

This analysis compares Inoue Rubber (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: 0.53x
  • 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 2.11x to 0.53x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-09-30 ฿5.40 ฿11.40 x
2006-09-30 ฿5.93 ฿11.40 x
2007-09-30 ฿7.09 ฿11.40 x
2008-09-30 ฿8.04 ฿11.40 x
2009-09-30 ฿8.87 ฿11.40 x
2010-09-30 ฿9.99 ฿11.40 x
2011-09-30 ฿10.24 ฿11.40 x
2012-09-30 ฿10.14 ฿11.40 x
2013-09-30 ฿11.98 ฿11.40 x
2014-09-30 ฿12.75 ฿11.40 x
2015-09-30 ฿14.32 ฿11.40 x
2016-09-30 ฿16.00 ฿11.40 x
2017-09-30 ฿17.08 ฿11.40 x
2018-09-30 ฿17.98 ฿11.40 x
2019-09-30 ฿17.91 ฿11.40 x
2020-09-30 ฿18.14 ฿11.40 x
2021-09-30 ฿20.26 ฿11.40 x
2022-09-30 ฿19.94 ฿11.40 x
2023-09-30 ฿20.44 ฿11.40 x
2024-09-30 ฿21.71 ฿11.40 x
2025-09-30 ฿21.52 ฿11.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Inoue Rubber (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): 4.46%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.99%
  • • Asset Turnover: 0.87x
  • • Equity Multiplier: 1.28x
  • Recent ROE (4.46%) is below the historical average (11.98%), 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 14.55% 4.42% 1.12x 2.94x ฿21.89 Million
2001 7.69% 2.30% 1.18x 2.83x ฿-12.04 Million
2002 20.28% 6.32% 1.25x 2.56x ฿65.91 Million
2004 21.95% 6.94% 1.50x 2.11x ฿113.62 Million
2005 18.51% 5.19% 1.59x 2.24x ฿92.16 Million
2006 14.51% 3.77% 1.67x 2.30x ฿53.50 Million
2007 20.58% 5.93% 1.89x 1.84x ฿150.50 Million
2008 17.29% 4.87% 1.77x 2.01x ฿116.90 Million
2009 14.69% 5.74% 1.59x 1.61x ฿83.24 Million
2010 15.44% 5.72% 1.72x 1.57x ฿108.67 Million
2011 7.34% 2.48% 1.64x 1.80x ฿-54.48 Million
2012 5.06% 1.56% 1.53x 2.11x ฿-100.28 Million
2013 17.07% 6.03% 1.74x 1.62x ฿169.48 Million
2014 12.29% 5.75% 1.41x 1.52x ฿58.49 Million
2015 15.42% 8.61% 1.29x 1.39x ฿155.14 Million
2016 16.05% 10.37% 1.16x 1.33x ฿193.55 Million
2017 12.40% 8.10% 1.13x 1.36x ฿82.10 Million
2018 9.97% 6.45% 1.10x 1.41x ฿-1.01 Million
2019 4.65% 3.07% 1.12x 1.35x ฿-191.57 Million
2020 6.17% 5.02% 0.95x 1.29x ฿-135.84 Million
2021 8.73% 6.42% 1.00x 1.36x ฿-49.42 Million
2022 2.87% 1.87% 1.12x 1.38x ฿-273.26 Million
2023 4.07% 2.95% 1.08x 1.28x ฿-233.17 Million
2024 7.46% 6.80% 0.87x 1.27x ฿-105.79 Million
2025 4.46% 3.99% 0.87x 1.28x ฿-229.29 Million

Industry Comparison

This section compares Inoue Rubber (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: $1,799,166,519
  • Average return on equity (ROE) among peers: 5.27%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Inoue Rubber (Thailand) Public Company Limited (IRC) ฿4.14 Billion 14.55% 0.28x $15.61 Million
AAPICO Hitech Public Company Limited (AH) $4.52 Billion 5.09% 1.05x $75.69 Million
CPR Gomu Industrial PCL (CPR) $475.50 Million 13.62% 0.18x $3.23 Million
Chai Watana Tannery Group Public Company Limited (CWT) $755.29 Million 3.98% 1.02x $8.58 Million
Fortune Parts Industry Public Company Limited (FPI) $1.33 Billion 15.39% 1.11x $17.95 Million
Goodyear (Thailand) Public Company Limited (GYT) $2.88 Billion 8.09% 0.26x $7.46 Million
Hwa Fong Rubber (Thailand) Public Company Limited (HFT) $1.19 Billion 0.00% 0.28x $37.35 Million
Interhides Public Company Limited (IHL) $1.64 Billion 3.49% 1.44x $6.94 Million
Ingress Industrial (Thailand) Public Company Limited (INGRS) $2.46 Billion -3.09% 0.68x $4.95 Million
N.D. Rubber Public Company Limited (NDR) $946.85 Million 0.86% 0.29x $8.48 Million