Micro Leasing Public Company Limited
Micro Leasing Public Company Limited, together with its subsidiaries, provides hire-purchase loans for trucks and motorcycles in Thailand. The company offers loans for second-hand trucks, such as six-wheel trucks, ten-wheel trucks, twelve-wheel trucks, trailers, and tractor trucks. It also provides liquidity enhancing loans or collateral loans; refinancing loans; secured personal loans; motorcycl… Read more
Micro Leasing Public Company Limited (MICRO) - Net Assets
Latest net assets as of September 2025: ฿2.03 Billion THB
Based on the latest financial reports, Micro Leasing Public Company Limited (MICRO) has net assets worth ฿2.03 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 (฿3.69 Billion) and total liabilities (฿1.65 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 | ฿2.03 Billion |
| % of Total Assets | 55.2% |
| Annual Growth Rate | 14.96% |
| 5-Year Change | 9.6% |
| 10-Year Change | N/A |
| Growth Volatility | 74.44 |
Micro Leasing Public Company Limited - Net Assets Trend (2015–2024)
This chart illustrates how Micro Leasing 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 Micro Leasing Public Company Limited (2015–2024)
The table below shows the annual net assets of Micro Leasing Public Company Limited from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.00 Billion | -6.26% |
| 2023-12-31 | ฿2.13 Billion | -0.74% |
| 2022-12-31 | ฿2.15 Billion | +9.66% |
| 2021-12-31 | ฿1.96 Billion | +7.42% |
| 2020-12-31 | ฿1.82 Billion | +68.84% |
| 2019-12-31 | ฿1.08 Billion | +11.44% |
| 2018-12-31 | ฿968.93 Million | +294.46% |
| 2017-12-31 | ฿-498.27 Million | -0.22% |
| 2016-12-31 | ฿-497.20 Million | -187.29% |
| 2015-12-31 | ฿569.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Micro Leasing 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 478.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿402.76 Million | 23.19% |
| Other Components | ฿1.33 Billion | 76.81% |
| Total Equity | ฿1.74 Billion | 100.00% |
Micro Leasing Public Company Limited Competitors by Market Cap
The table below lists competitors of Micro Leasing Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Latitude 66 Ltd
AU:LAT
|
$8.67 Million |
|
Madison Metals Inc.
OTCQB:MMTLF
|
$8.67 Million |
|
Morien Resources Corp
PINK:APMCF
|
$8.67 Million |
|
CARTIER SILVER CORP
F:2CI0
|
$8.68 Million |
|
Rifa Ind
KO:000760
|
$8.66 Million |
|
InterServ International Inc.
TWO:6169
|
$8.66 Million |
|
Olidata S.p.A.
F:OL40
|
$8.66 Million |
|
Pulsenmore Ltd. Ordinary Shares
NASDAQ:PLSM
|
$8.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Micro Leasing Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,879,176,400 to 1,736,768,590, a change of -142,407,810 (-7.6%).
- Net loss of 153,152,259 reduced equity.
- Other comprehensive income decreased equity by 26,200,000.
- Other factors increased equity by 36,944,449.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-153.15 Million | -8.82% |
| Other Comprehensive Income | ฿-26.20 Million | -1.51% |
| Other Changes | ฿36.94 Million | +2.13% |
| Total Change | ฿- | -7.58% |
Book Value vs Market Value Analysis
This analysis compares Micro Leasing 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: 0.50x
- 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 0.30x to 0.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | ฿3.11 | ฿0.93 | x |
| 2016-12-31 | ฿0.00 | ฿0.93 | x |
| 2017-12-31 | ฿0.00 | ฿0.93 | x |
| 2018-12-31 | ฿1.04 | ฿0.93 | x |
| 2019-12-31 | ฿1.15 | ฿0.93 | x |
| 2020-12-31 | ฿2.39 | ฿0.93 | x |
| 2021-12-31 | ฿2.09 | ฿0.93 | x |
| 2022-12-31 | ฿2.10 | ฿0.93 | x |
| 2023-12-31 | ฿2.01 | ฿0.93 | x |
| 2024-12-31 | ฿1.86 | ฿0.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Micro Leasing 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): -8.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.45%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.49x
- Recent ROE (-8.82%) is below the historical average (4.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 4.91% | 37.83% | 0.11x | 1.19x | ฿-28.98 Million |
| 2016 | 5.39% | 37.16% | 61.29x | 0.00x | ฿-54.50 Million |
| 2017 | 5.99% | 34.55% | 131.56x | 0.00x | ฿-52.45 Million |
| 2018 | 9.28% | 35.32% | 0.17x | 1.59x | ฿-6.95 Million |
| 2019 | 10.26% | 34.33% | 0.15x | 1.96x | ฿2.81 Million |
| 2020 | 7.41% | 31.16% | 0.16x | 1.51x | ฿-47.21 Million |
| 2021 | 9.57% | 30.05% | 0.15x | 2.06x | ฿-8.37 Million |
| 2022 | 4.03% | 9.35% | 0.15x | 2.80x | ฿-117.41 Million |
| 2023 | -2.80% | -10.37% | 0.09x | 2.86x | ฿-240.46 Million |
| 2024 | -8.82% | -20.45% | 0.17x | 2.49x | ฿-326.83 Million |
Industry Comparison
This section compares Micro Leasing Public Company Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,462,560,682
- Average return on equity (ROE) among peers: 9.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Micro Leasing Public Company Limited (MICRO) | ฿2.03 Billion | 4.91% | 0.81x | $8.67 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.00 Billion | 21.24% | 3.53x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $3.93 Billion | 27.71% | 6.13x | $163.14 Million |
| AIRA Factoring Public Company Limited (AF) | $127.47 Million | -18.31% | 5.77x | $1.14 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.37 Billion | 18.08% | 1.58x | $12.17 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.95 Billion | 14.85% | 6.89x | $93.23 Million |
| Chase Asia PCL (CHASE) | $-209.42 Million | 0.00% | 0.00x | $7.20 Million |
| Chayo Group Public Company Limited (CHAYO) | $201.79 Million | 2.02% | 0.17x | $19.33 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $678.63 Million | 6.76% | 1.76x | $11.11 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.52 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |