Mida Assets Public Company Limited (MIDA) - Net Assets
Based on the latest financial reports, Mida Assets Public Company Limited (MIDA) has net assets worth ฿4.33 Billion THB (≈ $134.91 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 (฿11.71 Billion ≈ $364.88 Million USD) and total liabilities (฿7.38 Billion ≈ $229.97 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 MIDA financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.33 Billion |
| % of Total Assets | 36.97% |
| Annual Growth Rate | 4.81% |
| 5-Year Change | -5.72% |
| 10-Year Change | -0.36% |
| Growth Volatility | 15.19 |
Mida Assets Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how Mida Assets Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Mida Assets Public Company Limited asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Mida Assets Public Company Limited (2003–2024)
The table below shows the annual net assets of Mida Assets Public Company Limited from 2003 to 2024. For live valuation and market cap data, see MIDA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿4.74 Billion ≈ $147.77 Million |
-3.61% |
| 2023-12-31 | ฿4.92 Billion ≈ $153.30 Million |
+5.91% |
| 2022-12-31 | ฿4.64 Billion ≈ $144.74 Million |
-3.48% |
| 2021-12-31 | ฿4.81 Billion ≈ $149.96 Million |
-4.32% |
| 2020-12-31 | ฿5.03 Billion ≈ $156.74 Million |
-1.32% |
| 2019-12-31 | ฿5.10 Billion ≈ $158.83 Million |
+0.80% |
| 2018-12-31 | ฿5.06 Billion ≈ $157.57 Million |
+1.90% |
| 2017-12-31 | ฿4.96 Billion ≈ $154.64 Million |
+1.82% |
| 2016-12-31 | ฿4.87 Billion ≈ $151.88 Million |
+2.41% |
| 2015-12-31 | ฿4.76 Billion ≈ $148.31 Million |
+8.53% |
| 2014-12-31 | ฿4.38 Billion ≈ $136.65 Million |
+4.93% |
| 2013-12-31 | ฿4.18 Billion ≈ $130.23 Million |
-7.78% |
| 2012-12-31 | ฿4.53 Billion ≈ $141.22 Million |
+12.41% |
| 2011-12-31 | ฿4.03 Billion ≈ $125.63 Million |
+2.49% |
| 2010-12-31 | ฿3.93 Billion ≈ $122.58 Million |
+4.32% |
| 2009-12-31 | ฿3.77 Billion ≈ $117.51 Million |
-22.23% |
| 2008-12-31 | ฿4.85 Billion ≈ $151.09 Million |
+23.93% |
| 2007-12-31 | ฿3.91 Billion ≈ $121.92 Million |
+4.00% |
| 2006-12-31 | ฿3.76 Billion ≈ $117.23 Million |
+19.28% |
| 2005-12-31 | ฿3.15 Billion ≈ $98.29 Million |
+59.35% |
| 2004-12-31 | ฿1.98 Billion ≈ $61.68 Million |
+11.89% |
| 2003-12-31 | ฿1.77 Billion ≈ $55.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Mida Assets 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 56.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿587.02 Million | 17.19% |
| Common Stock | ฿1.25 Billion | 36.66% |
| Other Comprehensive Income | ฿158.61 Million | 4.64% |
| Other Components | ฿1.42 Billion | 41.51% |
| Total Equity | ฿3.42 Billion | 100.00% |
Mida Assets Public Company Limited Competitors by Market Cap
The table below lists competitors of Mida Assets Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sejoong Co. Ltd
KQ:039310
|
$21.86 Million |
|
Aroot Co. Ltd
KQ:096690
|
$21.86 Million |
|
Senti Biosciences Inc
NASDAQ:SNTI
|
$21.87 Million |
|
exax Inc
KQ:060230
|
$21.88 Million |
|
Leyand International Tbk
JK:LAPD
|
$21.85 Million |
|
Kidoz Inc
V:KIDZ
|
$21.85 Million |
|
Calgro M3 Holdings Ltd
JSE:CGR
|
$21.84 Million |
|
TMK Energy Ltd
AU:TMK
|
$21.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mida Assets Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,642,401,938 to 3,415,696,089, a change of -226,705,849 (-6.2%).
- Net loss of 212,289,510 reduced equity.
- Other comprehensive income increased equity by 99,524,852.
- Other factors decreased equity by 113,941,191.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-212.29 Million | -6.22% |
| Other Comprehensive Income | ฿99.52 Million | +2.91% |
| Other Changes | ฿-113.94 Million | -3.34% |
| Total Change | ฿- | -6.22% |
Book Value vs Market Value Analysis
This analysis compares Mida Assets 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: 0.21x
- 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 |
|---|---|---|---|
| 2006-12-31 | ฿1.28 | ฿0.28 | x |
| 2007-12-31 | ฿1.29 | ฿0.28 | x |
| 2008-12-31 | ฿1.31 | ฿0.28 | x |
| 2009-12-31 | ฿1.32 | ฿0.28 | x |
| 2010-12-31 | ฿1.36 | ฿0.28 | x |
| 2011-12-31 | ฿1.39 | ฿0.28 | x |
| 2012-12-31 | ฿1.35 | ฿0.28 | x |
| 2013-12-31 | ฿1.40 | ฿0.28 | x |
| 2014-12-31 | ฿1.43 | ฿0.28 | x |
| 2015-12-31 | ฿1.48 | ฿0.28 | x |
| 2016-12-31 | ฿1.52 | ฿0.28 | x |
| 2017-12-31 | ฿1.53 | ฿0.28 | x |
| 2018-12-31 | ฿1.56 | ฿0.28 | x |
| 2019-12-31 | ฿1.57 | ฿0.28 | x |
| 2020-12-31 | ฿1.53 | ฿0.28 | x |
| 2021-12-31 | ฿1.43 | ฿0.28 | x |
| 2022-12-31 | ฿1.34 | ฿0.28 | x |
| 2023-12-31 | ฿1.45 | ฿0.28 | x |
| 2024-12-31 | ฿1.36 | ฿0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mida Assets 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): -6.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.27%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 3.36x
- Recent ROE (-6.22%) is below the historical average (3.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 22.25% | 22.13% | 0.70x | 1.43x | ฿216.72 Million |
| 2004 | 19.90% | 16.96% | 0.41x | 2.86x | ฿174.22 Million |
| 2005 | 13.73% | 20.44% | 0.33x | 2.01x | ฿108.22 Million |
| 2006 | 9.53% | 11.29% | 0.36x | 2.32x | ฿-15.11 Million |
| 2007 | 0.45% | 0.73% | 0.27x | 2.30x | ฿-308.83 Million |
| 2008 | 1.42% | 2.67% | 0.25x | 2.12x | ฿-281.74 Million |
| 2009 | 0.79% | 1.94% | 0.22x | 1.86x | ฿-304.83 Million |
| 2010 | 2.09% | 4.49% | 0.24x | 1.92x | ฿-269.91 Million |
| 2011 | 2.98% | 6.43% | 0.23x | 2.02x | ฿-244.20 Million |
| 2012 | -11.87% | -29.05% | 0.21x | 1.98x | ฿-741.99 Million |
| 2013 | 6.64% | 10.30% | 0.32x | 1.99x | ฿-117.69 Million |
| 2014 | 2.34% | 3.76% | 0.29x | 2.19x | ฿-275.02 Million |
| 2015 | 2.03% | 3.19% | 0.26x | 2.44x | ฿-296.09 Million |
| 2016 | 2.08% | 3.18% | 0.24x | 2.69x | ฿-300.52 Million |
| 2017 | 1.26% | 1.87% | 0.25x | 2.70x | ฿-335.74 Million |
| 2018 | 1.56% | 2.26% | 0.25x | 2.79x | ฿-329.99 Million |
| 2019 | 2.19% | 3.26% | 0.25x | 2.72x | ฿-306.45 Million |
| 2020 | -1.49% | -2.56% | 0.20x | 2.93x | ฿-440.41 Million |
| 2021 | -4.92% | -9.74% | 0.17x | 3.05x | ฿-534.32 Million |
| 2022 | -4.13% | -7.16% | 0.18x | 3.29x | ฿-474.16 Million |
| 2023 | 8.02% | 10.06% | 0.28x | 2.89x | ฿-72.30 Million |
| 2024 | -6.22% | -10.27% | 0.18x | 3.36x | ฿-553.86 Million |
Industry Comparison
This section compares Mida Assets 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: $2,277,901,522
- Average return on equity (ROE) among peers: 13.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mida Assets Public Company Limited (MIDA) | ฿4.33 Billion | 22.25% | 1.70x | $21.85 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.25 Billion | 20.47% | 2.85x | $4.18 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $4.66 Billion | 25.18% | 5.75x | $731.60 Million |
| AIRA Factoring Public Company Limited (AF) | $332.27 Million | 15.44% | 3.78x | $17.95 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.30 Billion | 0.14% | 0.02x | $23.62 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.58 Billion | 7.52% | 4.99x | $198.53 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $228.53 Million | 5.18% | 2.63x | $29.03 Million |
| G Capital Public Company Limited (GCAP) | $348.56 Million | 15.75% | 4.99x | $4.05 Million |
| IFS Capital (Thailand) Public Company Limited (IFS) | $827.31 Million | 8.20% | 1.73x | $28.30 Million |
| JMT Network Services Public Company Limited (JMT) | $1.94 Billion | 15.00% | 1.15x | $445.89 Million |
| Krungthai Card PCL (KTC) | $10.32 Billion | 24.17% | 5.62x | $2.35 Billion |
About Mida Assets Public Company Limited
Mida Assets Public Company Limited, together with its subsidiaries, engages in the hire-purchase financing of electrical home appliances and motorcycles in Thailand. It provides products on hire purchase, such as televisions, DVD players, air conditioners, home theatre sets, refrigerators, washing machines, electric fans, etc., as well as sells merchandises. The company also develops real estate … Read more