IRPC Public Company Limited (IRPC) - Net Assets

Latest as of December 2025: ฿65.99 Billion THB ≈ $2.06 Billion USD

Based on the latest financial reports, IRPC Public Company Limited (IRPC) has net assets worth ฿65.99 Billion THB (≈ $2.06 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿187.38 Billion ≈ $5.84 Billion USD) and total liabilities (฿121.39 Billion ≈ $3.78 Billion 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 IRPC Public Company Limited (IRPC) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿65.99 Billion
% of Total Assets	35.22%
Annual Growth Rate	N/A
5-Year Change	-24.77%
10-Year Change	-18.54%
Growth Volatility	248.82

IRPC Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how IRPC Public Company Limited's net assets have evolved over time, based on quarterly financial data. See IRPC defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for IRPC Public Company Limited (2000–2025)

The table below shows the annual net assets of IRPC Public Company Limited from 2000 to 2025. For live valuation and market cap data, see market cap of IRPC Public Company Limited.

Year	Net Assets	Change
2025-12-31	฿65.99 Billion ≈ $2.06 Billion	-5.88%
2024-12-31	฿70.11 Billion ≈ $2.19 Billion	-7.90%
2023-12-31	฿76.12 Billion ≈ $2.37 Billion	-4.46%
2022-12-31	฿79.68 Billion ≈ $2.48 Billion	-9.16%
2021-12-31	฿87.71 Billion ≈ $2.73 Billion	+15.92%
2020-12-31	฿75.67 Billion ≈ $2.36 Billion	-9.28%
2019-12-31	฿83.40 Billion ≈ $2.60 Billion	-4.55%
2018-12-31	฿87.38 Billion ≈ $2.72 Billion	-0.31%
2017-12-31	฿87.65 Billion ≈ $2.73 Billion	+8.20%
2016-12-31	฿81.00 Billion ≈ $2.52 Billion	+6.76%
2015-12-31	฿75.88 Billion ≈ $2.37 Billion	+11.74%
2014-12-31	฿67.90 Billion ≈ $2.12 Billion	-10.09%
2013-12-31	฿75.53 Billion ≈ $2.35 Billion	+1.84%
2012-12-31	฿74.16 Billion ≈ $2.31 Billion	-2.33%
2011-12-31	฿75.93 Billion ≈ $2.37 Billion	+0.47%
2010-12-31	฿75.58 Billion ≈ $2.36 Billion	+9.42%
2009-12-31	฿69.07 Billion ≈ $2.15 Billion	-0.17%
2008-12-31	฿69.19 Billion ≈ $2.16 Billion	-23.47%
2007-12-31	฿90.42 Billion ≈ $2.82 Billion	+9.00%
2006-12-31	฿82.95 Billion ≈ $2.59 Billion	+8.70%
2005-12-31	฿76.31 Billion ≈ $2.38 Billion	+274.66%
2004-12-31	฿20.37 Billion ≈ $634.86 Million	+59.90%
2003-12-31	฿12.74 Billion ≈ $397.05 Million	+1220.05%
2002-12-31	฿965.00 Million ≈ $30.08 Million	-80.24%
2001-12-31	฿4.88 Billion ≈ $152.23 Million	+120.73%
2000-12-31	฿-23.56 Billion ≈ $-734.35 Million	--

Equity Component Analysis

This analysis shows how different components contribute to IRPC 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 1516389550000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿15.16 Billion	23.02%
Other Components	฿50.72 Billion	76.98%
Total Equity	฿65.88 Billion	100.00%

IRPC Public Company Limited Competitors by Market Cap

The table below lists competitors of IRPC Public Company Limited ranked by their market capitalization.

Company	Market Cap
Shinva Medical Instrument Co Ltd SHG:600587	$1.07 Billion
Tompkins Financial Corporation NYSE MKT:TMP	$1.07 Billion
Huarui Electrical Appliance Co Ltd SHE:300626	$1.07 Billion
Siam Global House Public Company Limited BK:GLOBAL	$1.07 Billion
Jiangsu Hengshun Vinegar-Industry Co Ltd SHG:600305	$1.07 Billion
China Sports Industry Group Co Ltd SHG:600158	$1.07 Billion
Hubei Tech Semiconductors Co SHE:300046	$1.07 Billion
Cinda Real Estate Co Ltd SHG:600657	$1.07 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 69,966,033,647 to 65,882,017,277, a change of -4,084,016,370 (-5.8%).
Net loss of 3,571,429,576 reduced equity.
Dividend payments of 204,098,823 reduced retained earnings.
Other comprehensive income decreased equity by 1,848,738,145.
Other factors increased equity by 1,540,250,174.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-3.57 Billion	-5.42%
Dividends Paid	฿204.10 Million	-0.31%
Other Comprehensive Income	฿-1.85 Billion	-2.81%
Other Changes	฿1.54 Billion	+2.34%
Total Change	฿-	-5.84%

Book Value vs Market Value Analysis

This analysis compares IRPC 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: 0.52x
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	฿3.83	฿1.68	x
2006-12-31	฿4.25	฿1.68	x
2007-12-31	฿4.57	฿1.68	x
2008-12-31	฿3.46	฿1.68	x
2009-12-31	฿3.49	฿1.68	x
2010-12-31	฿3.74	฿1.68	x
2011-12-31	฿3.73	฿1.68	x
2012-12-31	฿3.63	฿1.68	x
2013-12-31	฿3.70	฿1.68	x
2014-12-31	฿3.32	฿1.68	x
2015-12-31	฿3.71	฿1.68	x
2016-12-31	฿3.96	฿1.68	x
2017-12-31	฿4.29	฿1.68	x
2018-12-31	฿4.28	฿1.68	x
2019-12-31	฿4.08	฿1.68	x
2020-12-31	฿3.70	฿1.68	x
2021-12-31	฿4.29	฿1.68	x
2022-12-31	฿3.89	฿1.68	x
2023-12-31	฿3.72	฿1.68	x
2024-12-31	฿3.43	฿1.68	x
2025-12-31	฿3.23	฿1.68	x

Capital Efficiency Dashboard

This dashboard shows how efficiently IRPC 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): -5.42%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1.28%
• Asset Turnover: 1.49x
• Equity Multiplier: 2.84x
Recent ROE (-5.42%) is below the historical average (8.72%), 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	19.99%	2.82%	0.64x	11.07x	฿1.27 Billion
2004	60.31%	7.95%	1.05x	7.20x	฿10.25 Billion
2005	81.13%	30.01%	1.61x	1.68x	฿54.28 Billion
2006	8.23%	3.26%	1.64x	1.54x	฿-1.47 Billion
2007	14.37%	5.59%	1.78x	1.45x	฿3.95 Billion
2008	-26.39%	-7.46%	2.35x	1.51x	฿-25.16 Billion
2009	6.06%	2.43%	1.50x	1.66x	฿-2.72 Billion
2010	8.19%	2.79%	1.84x	1.59x	฿-1.37 Billion
2011	5.41%	1.66%	1.87x	1.74x	฿-3.48 Billion
2012	-1.29%	-0.33%	2.06x	1.92x	฿-8.37 Billion
2013	1.10%	0.28%	1.80x	2.15x	฿-6.72 Billion
2014	-7.72%	-1.86%	1.73x	2.40x	฿-12.02 Billion
2015	12.40%	4.39%	1.31x	2.15x	฿1.82 Billion
2016	12.01%	5.25%	1.07x	2.13x	฿1.63 Billion
2017	12.97%	5.30%	1.16x	2.11x	฿2.60 Billion
2018	8.86%	2.76%	1.54x	2.09x	฿-993.62 Million
2019	-1.38%	-0.48%	1.35x	2.14x	฿-9.47 Billion
2020	-8.12%	-3.51%	1.01x	2.30x	฿-13.68 Billion
2021	16.58%	5.69%	1.34x	2.18x	฿5.76 Billion
2022	-5.49%	-1.34%	1.64x	2.49x	฿-12.31 Billion
2023	-3.85%	-0.92%	1.66x	2.54x	฿-10.51 Billion
2024	-7.42%	-1.65%	1.71x	2.64x	฿-12.19 Billion
2025	-5.42%	-1.28%	1.49x	2.84x	฿-10.16 Billion

Industry Comparison

This section compares IRPC Public Company Limited's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.

Industry Context

Industry: Oil & Gas Refining & Marketing
Average net assets among peers: $47,777,937,925
Average return on equity (ROE) among peers: 5.63%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
IRPC Public Company Limited (IRPC)	฿65.99 Billion	19.99%	1.84x	$1.07 Billion
Bangchak Corporation Public Company Limited (BCP)	$58.82 Billion	4.23%	1.17x	$1.52 Billion
Esso (Thailand) Public Company Limited (BSRC)	$14.36 Billion	-55.09%	3.29x	$332.25 Million
IRPC Public Company Limited (IRPC-R)	$87.65 Billion	12.95%	1.11x	$814.31 Million
Sea Oil Public Company Limited (SEAOIL)	$2.57 Billion	13.89%	0.50x	$71.40 Million
Siamgas and Petrochemicals Public Company Limited (SGP)	$9.77 Billion	11.42%	1.98x	$472.60 Million
Siamgas and Petrochemicals Public Company Limited (SGP-R)	$17.12 Billion	7.70%	2.32x	$378.08 Million
Star Petroleum Refining Co Ltd (SPRC)	$42.10 Billion	21.13%	0.42x	$946.02 Million
Susco Public Company Limited (SUSCO)	$4.58 Billion	26.85%	1.15x	$61.59 Million
Thai Oil Public Company Limited (TOP)	$193.03 Billion	7.56%	1.21x	$3.10 Billion

About IRPC Public Company Limited

BK:IRPC Thailand Oil & Gas Refining & Marketing

Market Cap

$1.07 Billion

฿34.29 Billion THB

Market Cap Rank

#8775 Global

#70 in Thailand

Share Price

฿1.68

Change (1 day)

+0.60%

52-Week Range

฿0.71 - ฿2.26

All Time High

฿7.32