J.R.W. Utility Public Company Limited
J.R.W. Utility Public Company Limited engages in the design, procurement, construction, and installation of electrical power, and telecommunication and information technology systems in Thailand. It operates in two segments, Sales of Electronics Equipment and Contract Services. The company is involved in high voltage transmission line system construction; substations and equipment in substations … Read more
J.R.W. Utility Public Company Limited (JR) - Net Assets
Latest net assets as of September 2025: ฿1.71 Billion THB
Based on the latest financial reports, J.R.W. Utility Public Company Limited (JR) has net assets worth ฿1.71 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 (฿4.00 Billion) and total liabilities (฿2.29 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 | ฿1.71 Billion |
| % of Total Assets | 42.81% |
| Annual Growth Rate | 34.2% |
| 5-Year Change | 16.29% |
| 10-Year Change | N/A |
| Growth Volatility | 119.5 |
J.R.W. Utility Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how J.R.W. Utility 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 J.R.W. Utility Public Company Limited (2016–2024)
The table below shows the annual net assets of J.R.W. Utility Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.70 Billion | +2.16% |
| 2023-12-31 | ฿1.66 Billion | -0.63% |
| 2022-12-31 | ฿1.67 Billion | +2.64% |
| 2021-12-31 | ฿1.63 Billion | +11.60% |
| 2020-12-31 | ฿1.46 Billion | +372.09% |
| 2019-12-31 | ฿309.12 Million | +7.78% |
| 2018-12-31 | ฿286.79 Million | +40.67% |
| 2017-12-31 | ฿203.87 Million | +26.41% |
| 2016-12-31 | ฿161.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to J.R.W. Utility 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 30680095600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿304.03 Million | 17.91% |
| Other Components | ฿1.39 Billion | 82.09% |
| Total Equity | ฿1.70 Billion | 100.00% |
J.R.W. Utility Public Company Limited Competitors by Market Cap
The table below lists competitors of J.R.W. Utility Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Power & Instrumental (Gujarat) Limited
NSE:PIGL
|
$8.52 Million |
|
Atlantic Sapphire ASA
OTCQB:AASZF
|
$8.52 Million |
|
Wulff-Yhtiot Oy
HE:WUF1V
|
$8.52 Million |
|
SCAND.INV.GR.NAM.B DK 05
F:2D2
|
$8.52 Million |
|
Dome Gold Mines Ltd
AU:DME
|
$8.51 Million |
|
Lyka Labs Limited
NSE:LYKALABS
|
$8.51 Million |
|
Imago Mulia Persada Tbk PT
JK:LFLO
|
$8.51 Million |
|
Silla Textile Co.Ltd
KQ:001000
|
$8.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in J.R.W. Utility Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,661,242,785 to 1,697,089,693, a change of 35,846,908 (2.2%).
- Net income of 66,246,440 contributed positively to equity growth.
- Dividend payments of 30,380,246 reduced retained earnings.
- Other comprehensive income decreased equity by 39,425,000.
- Other factors increased equity by 39,405,714.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿66.25 Million | +3.9% |
| Dividends Paid | ฿30.38 Million | -1.79% |
| Other Comprehensive Income | ฿-39.42 Million | -2.32% |
| Other Changes | ฿39.41 Million | +2.32% |
| Total Change | ฿- | 2.16% |
Book Value vs Market Value Analysis
This analysis compares J.R.W. Utility 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: 0.78x
- 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 4.10x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿0.42 | ฿1.74 | x |
| 2017-12-31 | ฿0.54 | ฿1.74 | x |
| 2018-12-31 | ฿1.59 | ฿1.74 | x |
| 2019-12-31 | ฿0.81 | ฿1.74 | x |
| 2020-12-31 | ฿1.92 | ฿1.74 | x |
| 2021-12-31 | ฿2.14 | ฿1.74 | x |
| 2022-12-31 | ฿2.20 | ฿1.74 | x |
| 2023-12-31 | ฿2.19 | ฿1.74 | x |
| 2024-12-31 | ฿2.23 | ฿1.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently J.R.W. Utility 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): 3.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.25%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.41x
- Recent ROE (3.90%) is below the historical average (12.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 9.10% | 2.34% | 1.03x | 3.77x | ฿-1.46 Million |
| 2017 | 20.23% | 4.36% | 2.06x | 2.26x | ฿20.86 Million |
| 2018 | 28.92% | 8.98% | 1.64x | 1.96x | ฿54.25 Million |
| 2019 | 19.65% | 7.18% | 1.01x | 2.70x | ฿29.83 Million |
| 2020 | 6.04% | 6.88% | 0.56x | 1.55x | ฿-57.76 Million |
| 2021 | 13.33% | 10.11% | 0.66x | 2.00x | ฿54.18 Million |
| 2022 | 8.94% | 7.93% | 0.50x | 2.24x | ฿-17.70 Million |
| 2023 | 3.72% | 3.18% | 0.49x | 2.40x | ฿-104.34 Million |
| 2024 | 3.90% | 4.25% | 0.38x | 2.41x | ฿-103.46 Million |
Industry Comparison
This section compares J.R.W. Utility Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,635,753,561
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| J.R.W. Utility Public Company Limited (JR) | ฿1.71 Billion | 9.10% | 1.34x | $8.51 Million |
| AMR Asia Public Company Limited (AMR) | $885.39 Million | -12.37% | 0.82x | $2.67 Million |
| Asia Precision Public Company Limited (APCS) | $809.04 Million | -8.74% | 0.50x | $12.58 Million |
| CAZ (Thailand) Public Company Limited (CAZ) | $77.07 Million | 19.04% | 2.60x | $4.97 Million |
| Civil Engineering PCL (CIVIL) | $772.10 Million | 24.95% | 7.45x | $4.32 Million |
| CH. Karnchang PCL (CK) | $25.83 Billion | 9.66% | 2.23x | $492.20 Million |
| CH. Karnchang Public Company Limited (CK-R) | $4.32 Billion | 6.60% | 2.55x | $521.92 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.24 Billion | 0.31% | 1.70x | $8.20 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $356.04 Million | -4.00% | 2.34x | $1.70 Million |
| Demco Public Company Limited (DEMCO) | $1.05 Billion | 8.50% | 0.87x | $19.24 Million |
| EMC Public Company Limited (EMC) | $1.02 Billion | 9.69% | 0.99x | $3.14 Million |