Itthirit Nice Corp. PCL
Itthirit Nice Corporation Public Company Limited engages in the trading and installation of household electrical and electronic appliances in Thailand. The company operates in three segments: Property Development; Government; and Retail and Wholesale. It offers lighting fixtures and electrical equipment under the Lighttrio brand name; smart home devices under the Lighttrio Smart brand name; and r… Read more
Itthirit Nice Corp. PCL (ITTHI) - Net Assets
Latest net assets as of September 2025: ฿372.92 Million THB
Based on the latest financial reports, Itthirit Nice Corp. PCL (ITTHI) has net assets worth ฿372.92 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿484.80 Million) and total liabilities (฿111.88 Million). 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 | ฿372.92 Million |
| % of Total Assets | 76.92% |
| Annual Growth Rate | 41.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 86.04 |
Itthirit Nice Corp. PCL - Net Assets Trend (2021–2024)
This chart illustrates how Itthirit Nice Corp. PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Itthirit Nice Corp. PCL (2021–2024)
The table below shows the annual net assets of Itthirit Nice Corp. PCL from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿374.25 Million | +8.09% |
| 2023-12-31 | ฿346.24 Million | +182.07% |
| 2022-12-31 | ฿122.75 Million | -7.95% |
| 2021-12-31 | ฿133.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Itthirit Nice Corp. PCL'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 decreased by 28.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿64.60 Million | 17.26% |
| Other Components | ฿309.65 Million | 82.74% |
| Total Equity | ฿374.25 Million | 100.00% |
Itthirit Nice Corp. PCL Competitors by Market Cap
The table below lists competitors of Itthirit Nice Corp. PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RevoluGROUP Canada Inc
V:REVO
|
$3.13 Million |
|
Nucletron Electronic Aktiengesellschaft
F:NUC
|
$3.13 Million |
|
Energoinstal S.A.
WAR:ENI
|
$3.13 Million |
|
QX Resources Ltd
AU:QXR
|
$3.13 Million |
|
National Storm Recovery Inc
PINK:SGTM
|
$3.13 Million |
|
One Experience Société anonyme
PA:ALEXP
|
$3.13 Million |
|
MQ Technology Bhd
KLSE:0070
|
$3.13 Million |
|
Yggdrazil Group Public Company Limited
BK:YGG
|
$3.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Itthirit Nice Corp. PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 346,236,570 to 374,252,250, a change of 28,015,680 (8.1%).
- Net income of 28,015,680 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿28.02 Million | +7.49% |
| Total Change | ฿- | 8.09% |
Book Value vs Market Value Analysis
This analysis compares Itthirit Nice Corp. PCL'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: 0.85x
- 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 2.39x to 0.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ฿0.49 | ฿1.18 | x |
| 2022-12-31 | ฿0.45 | ฿1.18 | x |
| 2023-12-31 | ฿1.28 | ฿1.18 | x |
| 2024-12-31 | ฿1.39 | ฿1.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Itthirit Nice Corp. PCL 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): 7.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.30%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 1.31x
- Recent ROE (7.49%) is below the historical average (10.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 11.28% | 6.96% | 1.29x | 1.25x | ฿1.71 Million |
| 2022 | 17.23% | 9.32% | 1.13x | 1.64x | ฿8.87 Million |
| 2023 | 6.70% | 5.28% | 0.88x | 1.45x | ฿-11.42 Million |
| 2024 | 7.49% | 4.30% | 1.33x | 1.31x | ฿-9.41 Million |
Industry Comparison
This section compares Itthirit Nice Corp. PCL's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $1,997,383,221
- Average return on equity (ROE) among peers: 14.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Itthirit Nice Corp. PCL (ITTHI) | ฿372.92 Million | 11.28% | 0.30x | $3.13 Million |
| Chic Republic PCL (CHIC) | $606.70 Million | 5.63% | 2.08x | $2.31 Million |
| East Coast Furnitech Public Company Limited (ECF) | $1.45 Billion | 2.33% | 1.35x | $679.02K |
| EURO CREATIONS PUBLIC COMPANY LIMITED (EURO) | $220.97 Million | 48.04% | 4.63x | $9.44 Million |
| Fancy Wood Industries Public Company Limited (FANCY) | $1.52 Billion | 16.74% | 0.09x | $2.87 Million |
| Home Pottery Public Company Limited (HPT) | $318.50 Million | 7.42% | 0.18x | $4.01 Million |
| Index Living Mall Public Company Limited (ILM) | $4.65 Billion | 10.63% | 1.65x | $37.42 Million |
| Masterkool International Public Company Limited (KOOL) | $389.26 Million | 22.35% | 0.46x | $11.64 Million |
| Kang Yong Electric Public Company Limited (KYE) | $6.38 Billion | 11.28% | 0.28x | $44.05 Million |
| Modernform Group Public Company Limited (MODERN) | $2.45 Billion | 7.07% | 0.50x | $22.15 Million |