More Return Public Company Limited
More Return Public Company Limited, together with its subsidiaries, provides sales of goods and services primarily in Thailand. The company operates through three segments: Service, The Utilities, and Trading. The service segment engages in consulting and organizing concerts. Its utilities segment is responsible for producing and selling treated water. The Trading segment engages in selling mosqu… Read more
More Return Public Company Limited (MORE) - Net Assets
Latest net assets as of December 2025: ฿903.87 Million THB
Based on the latest financial reports, More Return Public Company Limited (MORE) has net assets worth ฿903.87 Million THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿972.59 Million) and total liabilities (฿68.72 Million). 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 | ฿903.87 Million |
| % of Total Assets | 92.93% |
| Annual Growth Rate | 15.86% |
| 5-Year Change | -37.88% |
| 10-Year Change | 134.14% |
| Growth Volatility | 130.83 |
More Return Public Company Limited - Net Assets Trend (2011–2025)
This chart illustrates how More Return 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 More Return Public Company Limited (2011–2025)
The table below shows the annual net assets of More Return Public Company Limited from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿903.87 Million | +0.07% |
| 2024-12-31 | ฿903.25 Million | -34.82% |
| 2023-12-31 | ฿1.39 Billion | -26.10% |
| 2022-12-31 | ฿1.88 Billion | +28.86% |
| 2021-12-31 | ฿1.46 Billion | +392.51% |
| 2020-12-31 | ฿295.45 Million | -14.17% |
| 2019-12-31 | ฿344.22 Million | -4.97% |
| 2018-12-31 | ฿362.22 Million | +136.40% |
| 2017-12-31 | ฿153.22 Million | -60.31% |
| 2016-12-31 | ฿386.04 Million | -46.05% |
| 2015-12-31 | ฿715.52 Million | +21.22% |
| 2014-12-31 | ฿590.26 Million | +1.84% |
| 2013-12-31 | ฿579.58 Million | +23.43% |
| 2012-12-31 | ฿469.55 Million | +308.04% |
| 2011-12-31 | ฿115.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to More Return 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 2722.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿1.95 Billion | 189.69% |
| Total Equity | ฿1.03 Billion | 100.00% |
More Return Public Company Limited Competitors by Market Cap
The table below lists competitors of More Return Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunrise Real Estate Group Inc
PINK:SRRE
|
$3.49 Million |
|
Toyo Ventures Holdings Bhd
KLSE:7173
|
$3.49 Million |
|
AI Unlimited Group, Inc.
OTCQB:AIUG
|
$3.49 Million |
|
Great Western Exploration Ltd
AU:GTE
|
$3.49 Million |
|
SAMSUNG EPISHOLDINGS CO LTD
KO:0126Z0
|
$3.48 Million |
|
STONE ONE PUBLIC COMPANY LIMITED
BK:STX
|
$3.48 Million |
|
Dune Acquisition Corporation II Warrants
NASDAQ:IPODW
|
$3.48 Million |
|
Urban Jakarta Propertindo Tbk PT
JK:URBN
|
$3.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in More Return Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,027,328,664 to 1,025,537,751, a change of -1,790,913 (-0.2%).
- Net loss of 911,779 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-911.78K | -0.09% |
| Other Changes | ฿-879.13K | -0.09% |
| Total Change | ฿- | -0.17% |
Book Value vs Market Value Analysis
This analysis compares More Return 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.
- The price-to-book ratio has increased from 0.09x to 0.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿0.32 | ฿0.03 | x |
| 2012-12-31 | ฿0.87 | ฿0.03 | x |
| 2013-12-31 | ฿0.81 | ฿0.03 | x |
| 2014-12-31 | ฿0.14 | ฿0.03 | x |
| 2015-12-31 | ฿0.11 | ฿0.03 | x |
| 2016-12-31 | ฿0.06 | ฿0.03 | x |
| 2017-12-31 | ฿0.02 | ฿0.03 | x |
| 2018-12-31 | ฿0.06 | ฿0.03 | x |
| 2019-12-31 | ฿0.05 | ฿0.03 | x |
| 2020-12-31 | ฿0.04 | ฿0.03 | x |
| 2021-12-31 | ฿0.22 | ฿0.03 | x |
| 2022-12-31 | ฿0.28 | ฿0.03 | x |
| 2023-12-31 | ฿0.12 | ฿0.03 | x |
| 2024-12-31 | ฿0.14 | ฿0.03 | x |
| 2025-12-31 | ฿0.14 | ฿0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently More Return 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): -0.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.25%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 0.95x
- Recent ROE (-0.09%) is above the historical average (-19.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 20.97% | 2.19% | 2.21x | 4.33x | ฿12.62 Million |
| 2012 | 11.29% | 3.69% | 1.49x | 2.06x | ฿6.08 Million |
| 2013 | 8.19% | 2.85% | 1.63x | 1.76x | ฿-10.63 Million |
| 2014 | -9.38% | -3.36% | 1.31x | 2.14x | ฿-103.74 Million |
| 2015 | -68.34% | -70.20% | 0.55x | 1.78x | ฿-524.77 Million |
| 2016 | -79.82% | -59.24% | 0.68x | 1.98x | ฿-304.81 Million |
| 2017 | -243.80% | -26.70% | 1.62x | 5.62x | ฿-258.98 Million |
| 2018 | 33.89% | 353.92% | 0.06x | 1.55x | ฿81.64 Million |
| 2019 | -5.59% | -844.00% | 0.00x | 1.56x | ฿-50.80 Million |
| 2020 | -17.51% | -176.60% | 0.05x | 1.90x | ฿-76.64 Million |
| 2021 | 80.53% | 907.15% | 0.08x | 1.13x | ฿1.01 Billion |
| 2022 | 0.75% | 13.73% | 0.05x | 1.08x | ฿-171.55 Million |
| 2023 | -9.46% | -220.64% | 0.04x | 1.02x | ฿-283.26 Million |
| 2024 | -17.61% | -218.78% | 0.08x | 0.95x | ฿-283.60 Million |
| 2025 | -0.09% | -1.25% | 0.08x | 0.95x | ฿-103.47 Million |
Industry Comparison
This section compares More Return Public Company Limited's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $12,861,901,778
- Average return on equity (ROE) among peers: 9.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| More Return Public Company Limited (MORE) | ฿903.87 Million | 20.97% | 0.08x | $3.49 Million |
| WHA Utilities and Power Public Company Limited (WHAUP) | $13.57 Billion | 12.02% | 1.20x | $124.28 Million |
| WHA UTILITIES AND PO (WHAUP-R) | $12.16 Billion | 6.69% | 1.15x | $111.29 Million |