Thai Ha Public Company Limited (KASET) - Net Assets
Based on the latest financial reports, Thai Ha Public Company Limited (KASET) has net assets worth ฿233.38 Million THB (≈ $7.27 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 (฿644.30 Million ≈ $20.08 Million USD) and total liabilities (฿410.92 Million ≈ $12.81 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. Check Thai Ha Public Company Limited (KASET) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿233.38 Million |
| % of Total Assets | 36.22% |
| Annual Growth Rate | 2.1% |
| 5-Year Change | -6.02% |
| 10-Year Change | -19.23% |
| Growth Volatility | 24.28 |
Thai Ha Public Company Limited - Net Assets Trend (2004–2024)
This chart illustrates how Thai Ha Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Thai Ha Public Company Limited balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Thai Ha Public Company Limited (2004–2024)
The table below shows the annual net assets of Thai Ha Public Company Limited from 2004 to 2024. For live valuation and market cap data, see how much is Thai Ha Public Company Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿282.25 Million ≈ $8.80 Million |
-9.08% |
| 2023-12-31 | ฿310.45 Million ≈ $9.68 Million |
-21.34% |
| 2022-12-31 | ฿394.66 Million ≈ $12.30 Million |
+66.92% |
| 2021-12-31 | ฿236.43 Million ≈ $7.37 Million |
-21.28% |
| 2020-12-31 | ฿300.33 Million ≈ $9.36 Million |
-7.60% |
| 2019-12-31 | ฿325.04 Million ≈ $10.13 Million |
-11.40% |
| 2018-12-31 | ฿366.88 Million ≈ $11.44 Million |
+4.56% |
| 2017-12-31 | ฿350.89 Million ≈ $10.94 Million |
+3.16% |
| 2016-12-31 | ฿340.13 Million ≈ $10.60 Million |
-2.67% |
| 2015-12-31 | ฿349.47 Million ≈ $10.89 Million |
+31.00% |
| 2014-12-31 | ฿266.78 Million ≈ $8.32 Million |
+7.28% |
| 2013-12-31 | ฿248.67 Million ≈ $7.75 Million |
-18.31% |
| 2012-12-31 | ฿304.41 Million ≈ $9.49 Million |
-29.70% |
| 2011-12-31 | ฿433.03 Million ≈ $13.50 Million |
+61.56% |
| 2010-12-31 | ฿268.03 Million ≈ $8.35 Million |
+1.62% |
| 2009-12-31 | ฿263.77 Million ≈ $8.22 Million |
+1.84% |
| 2008-12-31 | ฿259.01 Million ≈ $8.07 Million |
+17.51% |
| 2007-12-31 | ฿220.42 Million ≈ $6.87 Million |
+2.14% |
| 2006-12-31 | ฿215.80 Million ≈ $6.73 Million |
+2.37% |
| 2005-12-31 | ฿210.80 Million ≈ $6.57 Million |
+13.18% |
| 2004-12-31 | ฿186.26 Million ≈ $5.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Ha 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 decreased by 876.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿278.00 Million | 98.49% |
| Other Comprehensive Income | ฿181.67 Million | 64.37% |
| Other Components | ฿94.13 Million | 33.35% |
| Total Equity | ฿282.25 Million | 100.00% |
Thai Ha Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Ha Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agri-Tech (India) Limited
NSE:AGRITECH
|
$7.19 Million |
|
Silver Elephant Mining Corp
TO:ELEF
|
$7.20 Million |
|
Iqstel Inc
NASDAQ:IQST
|
$7.20 Million |
|
Nexalin Technology Inc.
NASDAQ:NXL
|
$7.20 Million |
|
Onelife Capital Advisors Limited
NSE:ONELIFECAP
|
$7.19 Million |
|
Advanced Biomed Inc. Common Stock
NASDAQ:ADVB
|
$7.19 Million |
|
Wah Fu Education Group Ltd
NASDAQ:WAFU
|
$7.19 Million |
|
Lianhua Supermarket Holdings Co. Ltd
F:LSJ
|
$7.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Ha Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 310,448,753 to 282,254,206, a change of -28,194,547 (-9.1%).
- Net loss of 57,405,597 reduced equity.
- Other comprehensive income increased equity by 30,117,405.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-57.41 Million | -20.34% |
| Other Comprehensive Income | ฿30.12 Million | +10.67% |
| Other Changes | ฿-906.36K | -0.32% |
| Total Change | ฿- | -9.08% |
Book Value vs Market Value Analysis
This analysis compares Thai Ha 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: 0.82x
- 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 increased from 0.57x to 0.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿1.46 | ฿0.83 | x |
| 2005-12-31 | ฿1.35 | ฿0.83 | x |
| 2006-12-31 | ฿1.07 | ฿0.83 | x |
| 2007-12-31 | ฿1.09 | ฿0.83 | x |
| 2008-12-31 | ฿1.28 | ฿0.83 | x |
| 2009-12-31 | ฿1.30 | ฿0.83 | x |
| 2010-12-31 | ฿1.32 | ฿0.83 | x |
| 2011-12-31 | ฿1.90 | ฿0.83 | x |
| 2012-12-31 | ฿1.32 | ฿0.83 | x |
| 2013-12-31 | ฿1.08 | ฿0.83 | x |
| 2014-12-31 | ฿1.18 | ฿0.83 | x |
| 2015-12-31 | ฿1.29 | ฿0.83 | x |
| 2016-12-31 | ฿1.22 | ฿0.83 | x |
| 2017-12-31 | ฿1.26 | ฿0.83 | x |
| 2018-12-31 | ฿1.32 | ฿0.83 | x |
| 2019-12-31 | ฿1.17 | ฿0.83 | x |
| 2020-12-31 | ฿1.08 | ฿0.83 | x |
| 2021-12-31 | ฿0.85 | ฿0.83 | x |
| 2022-12-31 | ฿1.42 | ฿0.83 | x |
| 2023-12-31 | ฿1.12 | ฿0.83 | x |
| 2024-12-31 | ฿1.02 | ฿0.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Ha 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): -20.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.24%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.46x
- Recent ROE (-20.34%) is below the historical average (-5.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 18.89% | 2.85% | 1.88x | 3.52x | ฿16.56 Million |
| 2005 | 4.21% | 0.76% | 1.93x | 2.88x | ฿-12.20 Million |
| 2006 | 2.32% | 0.40% | 1.72x | 3.33x | ฿-16.58 Million |
| 2007 | 3.89% | 0.54% | 1.87x | 3.87x | ฿-13.47 Million |
| 2008 | 30.95% | 3.75% | 2.20x | 3.76x | ฿54.26 Million |
| 2009 | 4.81% | 0.70% | 1.51x | 4.53x | ฿-13.68 Million |
| 2010 | 4.55% | 0.70% | 1.49x | 4.33x | ฿-14.62 Million |
| 2011 | -2.76% | -0.84% | 1.20x | 2.74x | ฿-55.25 Million |
| 2012 | -42.25% | -13.25% | 1.24x | 2.57x | ฿-159.04 Million |
| 2013 | -19.47% | -4.53% | 1.54x | 2.80x | ฿-73.28 Million |
| 2014 | -25.38% | -5.90% | 1.70x | 2.53x | ฿-94.38 Million |
| 2015 | 0.23% | 0.07% | 1.51x | 2.22x | ฿-34.13 Million |
| 2016 | -2.99% | -0.79% | 1.87x | 2.04x | ฿-44.18 Million |
| 2017 | 2.91% | 0.77% | 1.85x | 2.04x | ฿-24.87 Million |
| 2018 | 4.35% | 1.36% | 1.59x | 2.01x | ฿-20.75 Million |
| 2019 | -11.22% | -4.21% | 1.35x | 1.97x | ฿-68.97 Million |
| 2020 | -9.84% | -4.85% | 0.97x | 2.09x | ฿-59.58 Million |
| 2021 | -29.19% | -12.87% | 0.80x | 2.83x | ฿-92.65 Million |
| 2022 | -7.13% | -6.02% | 0.60x | 1.97x | ฿-67.60 Million |
| 2023 | -25.94% | -16.87% | 0.68x | 2.26x | ฿-111.58 Million |
| 2024 | -20.34% | -15.24% | 0.54x | 2.46x | ฿-85.63 Million |
Industry Comparison
This section compares Thai Ha Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $3,347,040,301
- Average return on equity (ROE) among peers: 1.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Ha Public Company Limited (KASET) | ฿233.38 Million | 18.89% | 1.76x | $7.19 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $1.17 Billion | -38.64% | 2.90x | $180.99 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $1.43 Billion | 7.92% | 0.26x | $23.98 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.21 Billion | 1.06% | 0.70x | $15.02 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.35 Billion | 8.86% | 0.10x | $19.01 Million |
| GFPT Public Company Limited (GFPT) | $3.78 Billion | 28.67% | 0.98x | $357.59 Million |
| J.S.P. Property Public Company Limited (JSP) | $5.18 Billion | 9.40% | 0.76x | $28.10 Million |
| Lee Feed Mill Public Company Limited (LEE) | $2.73 Billion | 6.85% | 0.15x | $69.45 Million |
| Malee Group Public Company Limited (MALEE) | $839.63 Million | -24.17% | 3.77x | $69.74 Million |
| President Bakery Public Company Limited (PB) | $12.44 Billion | 12.78% | 0.11x | $680.27 Million |
About Thai Ha Public Company Limited
Thai Ha Public Company Limited manufactures and distributes agricultural products, processed agricultural products, and instant products in Thailand and internationally. Its products include agriculture items, such as bean vermicelli, green mung bean, instant bean vermicelli, instant rice porridge, and Coco Rice Roll snacks; organic products, including Jasmine rice, brown rice, rice berry, and gr… Read more