JAS Asset PCL Net Assets

Latest as of September 2025: ฿3.54 Billion THB ≈ $110.29 Million USD

JAS Asset PCL net assets. Based on the latest financial reports, JAS Asset PCL (J) has net assets worth ฿3.54 Billion THB (≈ $110.29 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿6.72 Billion ≈ $209.55 Million USD) and total liabilities (฿3.18 Billion ≈ $99.26 Million 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. Also explore J net assets growth trend to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿3.54 Billion
% of Total Assets	52.63%
Annual Growth Rate	35.54%
5-Year Change	182.86%
10-Year Change	407.41%
Growth Volatility	53.98

Net Assets of JAS Asset PCL (2013–2024)

Net assets of JAS Asset PCL from 2013 to 2024. This chart illustrates how JAS Asset PCL's net assets have evolved over time, based on quarterly financial data. See JAS Asset PCL balance sheet independence to measure how much of total assets are equity-financed.

Annual Net Assets for JAS Asset PCL (2013–2024)

The table below shows the annual net assets of JAS Asset PCL from 2013 to 2024. For live market cap and overall valuation, see JAS Asset PCL market cap and net worth.

Year	Net Assets	Change
2024-12-31	฿3.78 Billion ≈ $117.95 Million	+29.82%
2023-12-31	฿2.91 Billion ≈ $90.85 Million	+5.86%
2022-12-31	฿2.75 Billion ≈ $85.82 Million	+58.07%
2021-12-31	฿1.74 Billion ≈ $54.29 Million	+30.21%
2020-12-31	฿1.34 Billion ≈ $41.70 Million	+4.26%
2019-12-31	฿1.28 Billion ≈ $39.99 Million	+35.79%
2018-12-31	฿944.92 Million ≈ $29.45 Million	-2.49%
2017-12-31	฿969.02 Million ≈ $30.20 Million	+33.57%
2016-12-31	฿725.50 Million ≈ $22.61 Million	-2.72%
2015-12-31	฿745.77 Million ≈ $23.25 Million	+92.10%
2014-12-31	฿388.22 Million ≈ $12.10 Million	+190.96%
2013-12-31	฿133.42 Million ≈ $4.16 Million	--

Equity Component Analysis

This analysis shows how different components contribute to JAS Asset 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 grown by 821.0% over the analyzed period, indicating profitable operations and earnings retention.

JAS Asset PCL Net Assets Breakdown (December 2024)

JAS Asset PCL net assets breakdown by equity component as of December 2024.

Component	Amount	Percentage
Retained Earnings	฿768.31 Million	20.30%
Common Stock	฿1.46 Billion	38.60%
Other Comprehensive Income	฿77.46 Million	2.05%
Other Components	฿1.48 Billion	39.05%
Total Equity	฿3.78 Billion	100.00%

JAS Asset PCL Competitors by Market Cap

The table below lists competitors of JAS Asset PCL ranked by their market capitalization.

Company	Market Cap
SK Discovery Co Ltd KO:006125	$33.70 Million
Alchera Inc. KQ:347860	$33.73 Million
NextSource Materials Inc TO:NEXT	$33.74 Million
DKLS Industries Bhd KLSE:7528	$33.75 Million
SGC eTEC E&C Co. Ltd KQ:016250	$33.67 Million
Anteotech Ltd AU:ADO	$33.66 Million
Latrobe Magnesium Limited F:L2Q	$33.66 Million
Plata Latina Minerals Corp V:PLA	$33.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in JAS Asset PCL's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,914,810,529 to 3,784,108,245, a change of 869,297,716 (29.8%).
Net income of 165,610,867 contributed positively to equity growth.
New share issuances of 702,417,789 increased equity.
Other comprehensive income increased equity by 14,731,107.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿165.61 Million	+4.38%
Share Issuances	฿702.42 Million	+18.56%
Other Comprehensive Income	฿14.73 Million	+0.39%
Other Changes	฿-13.46 Million	-0.36%
Total Change	฿-	29.82%

Book Value vs Market Value Analysis

This analysis compares JAS Asset 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: 0.29x
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
2013-12-31	฿2.67	฿0.74	x
2014-12-31	฿2.52	฿0.74	x
2015-12-31	฿2.54	฿0.74	x
2016-12-31	฿1.80	฿0.74	x
2017-12-31	฿2.12	฿0.74	x
2018-12-31	฿1.83	฿0.74	x
2019-12-31	฿1.89	฿0.74	x
2020-12-31	฿1.63	฿0.74	x
2021-12-31	฿1.83	฿0.74	x
2022-12-31	฿2.57	฿0.74	x
2023-12-31	฿2.56	฿0.74	x
2024-12-31	฿2.59	฿0.74	x

Capital Efficiency Dashboard

This dashboard shows how efficiently JAS Asset 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): 4.38%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 26.24%
• Asset Turnover: 0.09x
• Equity Multiplier: 1.85x
Recent ROE (4.38%) is below the historical average (6.91%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	28.99%	11.30%	0.79x	3.24x	฿25.34 Million
2014	14.11%	12.53%	0.50x	2.24x	฿15.97 Million
2015	7.80%	11.49%	0.35x	1.94x	฿-16.42 Million
2016	0.78%	1.04%	0.24x	3.12x	฿-66.90 Million
2017	0.67%	0.88%	0.29x	2.62x	฿-88.92 Million
2018	-1.86%	-1.98%	0.37x	2.58x	฿-111.00 Million
2019	0.61%	0.88%	0.39x	1.80x	฿-120.45 Million
2020	4.22%	11.01%	0.16x	2.42x	฿-77.34 Million
2021	9.27%	42.09%	0.10x	2.18x	฿-12.75 Million
2022	7.35%	38.75%	0.11x	1.71x	฿-73.01 Million
2023	6.61%	34.87%	0.09x	2.03x	฿-98.88 Million
2024	4.38%	26.24%	0.09x	1.85x	฿-212.80 Million

Industry Comparison

This section compares JAS Asset PCL's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

Industry: Real Estate Services
Average net assets among peers: $20,313,847,860
Average return on equity (ROE) among peers: 6.86%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
JAS Asset PCL (J)	฿3.54 Billion	28.99%	0.90x	$33.69 Million
Amata VN PCL (AMATAV)	$2.62 Billion	6.61%	0.00x	$69.10 Million
Bangkok Land Public Company Limited (BLAND)	$56.57 Billion	1.69%	0.21x	$265.02 Million
Grand Canal Land Public Company Limited (GLAND)	$1.34 Billion	27.88%	0.17x	$149.92 Million
Krungdhep Sophon Public Company Limited (KWC)	$263.45 Million	4.02%	0.15x	$50.68 Million
Nirvana Daii Public Company Limited (NVD)	$4.78 Billion	2.08%	1.70x	$45.02 Million
Sammakorn Public Company Limited (SAMCO)	$2.55 Billion	-0.76%	1.12x	$13.20 Million
Saha Pathana Inter-Holding PCL (SPI)	$50.36 Billion	4.53%	0.43x	$1.40 Billion
WHA Corporation Public Company Limited (WHA)	$32.17 Billion	7.85%	1.57x	$2.27 Billion
WHA Corporation Public Company Limited (WHA-R)	$32.17 Billion	7.85%	1.57x	$2.27 Billion

About JAS Asset PCL

BK:J Thailand Real Estate Services

Market Cap

$33.69 Million

฿1.08 Billion THB

Market Cap Rank

#23128 Global

#424 in Thailand

Share Price

฿0.74

Change (1 day)

-1.33%

52-Week Range

฿0.58 - ฿1.02

All Time High

฿5.03