Make To Win Holding PCL
Make To Win Holding Public Company Limited manufactures and distributes finished clothes in Thailand, Taiwan, Myanmar, Vietnam, Malaysia, and Nigeria. It offers t-shirts, polo shirts, V-neck shirts, tanks, long sleeve shirts, and sleeveless shirts. The company sells its products under the Noble Sport, Anoko, Over Bick'C, S-Sport, Super Kool, and Evolution brand names. It is also involved in the m… Read more
Make To Win Holding PCL (MTW) - Net Assets
Latest net assets as of September 2025: ฿825.84 Million THB
Based on the latest financial reports, Make To Win Holding PCL (MTW) has net assets worth ฿825.84 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.05 Billion) and total liabilities (฿224.94 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 | ฿825.84 Million |
| % of Total Assets | 78.59% |
| Annual Growth Rate | 15.38% |
| 5-Year Change | 105.43% |
| 10-Year Change | N/A |
| Growth Volatility | 25.98 |
Make To Win Holding PCL - Net Assets Trend (2018–2024)
This chart illustrates how Make To Win Holding PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Make To Win Holding PCL (2018–2024)
The table below shows the annual net assets of Make To Win Holding PCL from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿611.75 Million | -3.35% |
| 2023-12-31 | ฿632.94 Million | +11.49% |
| 2022-12-31 | ฿567.70 Million | +74.82% |
| 2021-12-31 | ฿324.73 Million | +9.05% |
| 2020-12-31 | ฿297.79 Million | +5.08% |
| 2019-12-31 | ฿283.39 Million | +9.34% |
| 2018-12-31 | ฿259.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Make To Win Holding PCL'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 132.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿51.80 Million | 9.45% |
| Other Components | ฿496.52 Million | 90.55% |
| Total Equity | ฿548.33 Million | 100.00% |
Make To Win Holding PCL Competitors by Market Cap
The table below lists competitors of Make To Win Holding PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RenoWorks Software Inc
PINK:ROWKF
|
$4.19 Million |
|
Pamapol S.A.
WAR:PMP
|
$4.19 Million |
|
Biophytis S.A.
NASDAQ:BPTSY
|
$4.19 Million |
|
Mahaka Radio Integra Tbk PT
JK:MARI
|
$4.19 Million |
|
Tadmax Resources Berhad
KLSE:4022
|
$4.19 Million |
|
Tel-Instrument Electronics Corp
OTCQB:TIKK
|
$4.19 Million |
|
BQUE NATLE BELG. O.N.
F:BKB
|
$4.19 Million |
|
Acco Group Holdings Limited Ordinary Shares
NASDAQ:ACCL
|
$4.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Make To Win Holding PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 568,493,227 to 548,326,485, a change of -20,166,742 (-3.5%).
- Net loss of 19,711,776 reduced equity.
- Other comprehensive income decreased equity by 3,531,370.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-19.71 Million | -3.59% |
| Other Comprehensive Income | ฿-3.53 Million | -0.64% |
| Other Changes | ฿3.08 Million | +0.56% |
| Total Change | ฿- | -3.55% |
Book Value vs Market Value Analysis
This analysis compares Make To Win Holding PCL'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: 0.98x
- 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 2.16x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ฿0.37 | ฿0.80 | x |
| 2019-12-31 | ฿0.39 | ฿0.80 | x |
| 2020-12-31 | ฿0.40 | ฿0.80 | x |
| 2021-12-31 | ฿0.43 | ฿0.80 | x |
| 2022-12-31 | ฿0.76 | ฿0.80 | x |
| 2023-12-31 | ฿0.84 | ฿0.80 | x |
| 2024-12-31 | ฿0.81 | ฿0.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Make To Win Holding PCL 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): -3.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.79%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.70x
- Recent ROE (-3.59%) is below the historical average (4.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 3.42% | 6.50% | 0.40x | 1.30x | ฿-16.39 Million |
| 2019 | 4.59% | 7.64% | 0.45x | 1.35x | ฿-14.12 Million |
| 2020 | 6.44% | 9.97% | 0.49x | 1.30x | ฿-9.60 Million |
| 2021 | 6.84% | 9.31% | 0.55x | 1.33x | ฿-9.16 Million |
| 2022 | 3.77% | 7.76% | 0.34x | 1.43x | ฿-32.06 Million |
| 2023 | 9.54% | 10.29% | 0.55x | 1.67x | ฿-2.61 Million |
| 2024 | -3.59% | -6.79% | 0.31x | 1.70x | ฿-74.54 Million |
Industry Comparison
This section compares Make To Win Holding PCL's net assets metrics with peer companies in the Auto Manufacturers industry.
No peer company data available for comparison.