Ocean Glass Public Company Limited

BK:OGC Thailand Furnishings, Fixtures & Appliances
Market Cap
$5.54 Million
฿191.98 Million THB
Market Cap Rank
#34432 Global
#822 in Thailand
Share Price
฿9.00
Change (1 day)
+0.00%
52-Week Range
฿9.00 - ฿12.30
All Time High
฿52.33
Categories
Companies in Thailand Furnishings, Fixtures & Appliances
About

Ocean Glass Public Company Limited, together with its subsidiaries, manufactures and sells table glassware in Thailand and internationally. The company is involved in import and merchandising household glassware; marketing activities; and researches, develops, and merchandises tableware products. It sells its products under the Ocean and Lucaris brands through offline and online channel. The comp… Read more

Ocean Glass Public Company Limited (OGC) - Net Assets

Latest net assets as of September 2025: ฿1.79 Billion THB

Based on the latest financial reports, Ocean Glass Public Company Limited (OGC) has net assets worth ฿1.79 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 (฿3.89 Billion) and total liabilities (฿2.10 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 ฿1.79 Billion
% of Total Assets 46.08%
Annual Growth Rate 5.61%
5-Year Change 0.8%
10-Year Change 10.94%
Growth Volatility 12.37

Ocean Glass Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Ocean Glass 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 Ocean Glass Public Company Limited (2000–2024)

The table below shows the annual net assets of Ocean Glass Public Company Limited from 2000 to 2024.

Year Net Assets Change
2024-12-31 ฿1.85 Billion -6.03%
2023-12-31 ฿1.97 Billion +5.01%
2022-12-31 ฿1.87 Billion +1.86%
2021-12-31 ฿1.84 Billion +0.28%
2020-12-31 ฿1.83 Billion -2.09%
2019-12-31 ฿1.87 Billion -0.02%
2018-12-31 ฿1.87 Billion -0.52%
2017-12-31 ฿1.88 Billion +11.10%
2016-12-31 ฿1.69 Billion +1.72%
2015-12-31 ฿1.67 Billion +7.51%
2014-12-31 ฿1.55 Billion +8.21%
2013-12-31 ฿1.43 Billion -5.77%
2012-12-31 ฿1.52 Billion -6.31%
2011-12-31 ฿1.62 Billion +1.54%
2010-12-31 ฿1.60 Billion +4.98%
2009-12-31 ฿1.52 Billion -2.01%
2008-12-31 ฿1.55 Billion +1.90%
2007-12-31 ฿1.52 Billion +4.38%
2006-12-31 ฿1.46 Billion +3.40%
2005-12-31 ฿1.41 Billion +32.74%
2004-12-31 ฿1.06 Billion +11.61%
2003-12-31 ฿953.21 Million +5.25%
2002-12-31 ฿905.68 Million +21.28%
2001-12-31 ฿746.74 Million +49.56%
2000-12-31 ฿499.29 Million --

Equity Component Analysis

This analysis shows how different components contribute to Ocean Glass 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 6779.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿459.33 Million 24.85%
Common Stock ฿213.31 Million 11.54%
Other Comprehensive Income ฿875.34 Million 47.36%
Other Components ฿300.45 Million 16.25%
Total Equity ฿1.85 Billion 100.00%

Ocean Glass Public Company Limited Competitors by Market Cap

The table below lists competitors of Ocean Glass Public Company Limited ranked by their market capitalization.

Company Market Cap
Aclarion Inc
NASDAQ:ACON
 		$1.89 Million
Hamlin Bank and Trust Company
PINK:HMLN
 		$1.89 Million
Turbon AG
F:TUR
 		$1.89 Million
Tigbur - Temporary Professional Personnel Ltd
TA:TIGBUR
 		$1.89 Million
ICDX
PINK:ICDX
 		$1.89 Million
M Evo Global Acquisition Corp II Warrants
NASDAQ:MEVOW
 		$1.88 Million
Comanche International Public Company Limited
BK:COMAN
 		$1.88 Million
Suryamas Dutamakmur Tbk
JK:SMDM
 		$1.88 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ocean Glass Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,966,989,000 to 1,848,429,000, a change of -118,560,000 (-6.0%).
  • Net loss of 96,396,000 reduced equity.
  • Dividend payments of 12,159,000 reduced retained earnings.
  • Other comprehensive income increased equity by 1,915,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿-96.40 Million -5.22%
Dividends Paid ฿12.16 Million -0.66%
Other Comprehensive Income ฿1.92 Million +0.1%
Other Changes ฿-11.92 Million -0.64%
Total Change ฿- -6.03%

Book Value vs Market Value Analysis

This analysis compares Ocean Glass 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: 0.10x
  • 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
2004-12-31 ฿50.25 ฿9.00 x
2005-12-31 ฿66.21 ฿9.00 x
2006-12-31 ฿68.46 ฿9.00 x
2007-12-31 ฿71.46 ฿9.00 x
2008-12-31 ฿72.81 ฿9.00 x
2009-12-31 ฿71.35 ฿9.00 x
2010-12-31 ฿74.90 ฿9.00 x
2011-12-31 ฿76.06 ฿9.00 x
2012-12-31 ฿71.26 ฿9.00 x
2013-12-31 ฿67.14 ฿9.00 x
2014-12-31 ฿72.65 ฿9.00 x
2015-12-31 ฿78.11 ฿9.00 x
2016-12-31 ฿79.45 ฿9.00 x
2017-12-31 ฿88.27 ฿9.00 x
2018-12-31 ฿87.81 ฿9.00 x
2019-12-31 ฿87.80 ฿9.00 x
2020-12-31 ฿85.97 ฿9.00 x
2021-12-31 ฿86.21 ฿9.00 x
2022-12-31 ฿87.81 ฿9.00 x
2023-12-31 ฿92.21 ฿9.00 x
2024-12-31 ฿86.66 ฿9.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ocean Glass 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): -5.22%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5.41%
  • • Asset Turnover: 0.45x
  • • Equity Multiplier: 2.12x
  • Recent ROE (-5.22%) is below the historical average (5.58%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 27.55% 11.90% 0.90x 2.58x ฿85.11 Million
2002 24.83% 17.80% 1.01x 1.38x ฿129.23 Million
2003 19.57% 13.64% 1.01x 1.42x ฿88.23 Million
2004 16.94% 14.13% 0.71x 1.68x ฿73.80 Million
2005 13.07% 12.60% 0.67x 1.55x ฿43.29 Million
2006 9.61% 8.70% 0.74x 1.49x ฿-5.63 Million
2007 8.82% 8.02% 0.68x 1.61x ฿-18.03 Million
2008 6.18% 5.23% 0.64x 1.85x ฿-59.33 Million
2009 -0.09% -0.08% 0.54x 2.03x ฿-153.49 Million
2010 5.89% 5.11% 0.59x 1.96x ฿-65.67 Million
2011 3.54% 2.79% 0.63x 2.02x ฿-104.87 Million
2012 -4.84% -3.59% 0.65x 2.07x ฿-225.51 Million
2013 -2.96% -2.11% 0.58x 2.42x ฿-185.66 Million
2014 3.03% 2.26% 0.66x 2.04x ฿-107.95 Million
2015 8.01% 6.71% 0.62x 1.92x ฿-33.18 Million
2016 5.58% 4.64% 0.67x 1.79x ฿-74.89 Million
2017 3.50% 3.07% 0.70x 1.62x ฿-122.31 Million
2018 1.31% 1.21% 0.62x 1.74x ฿-162.85 Million
2019 0.97% 0.97% 0.58x 1.72x ฿-169.15 Million
2020 -13.41% -22.12% 0.32x 1.88x ฿-429.27 Million
2021 0.16% 0.20% 0.46x 1.83x ฿-180.87 Million
2022 1.08% 1.04% 0.56x 1.87x ฿-167.00 Million
2023 0.71% 0.70% 0.52x 1.96x ฿-182.68 Million
2024 -5.22% -5.41% 0.45x 2.12x ฿-281.24 Million

Industry Comparison

This section compares Ocean Glass Public Company Limited's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.

Industry Context

  • Industry: Furnishings, Fixtures & Appliances
  • Average net assets among peers: $1,832,268,556
  • Average return on equity (ROE) among peers: 13.82%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ocean Glass Public Company Limited (OGC) ฿1.79 Billion 27.55% 1.17x $1.89 Million
Chic Republic PCL (CHIC) $606.70 Million 5.63% 2.08x $2.31 Million
East Coast Furnitech Public Company Limited (ECF) $1.45 Billion 2.33% 1.35x $679.02K
EURO CREATIONS PUBLIC COMPANY LIMITED (EURO) $220.97 Million 48.04% 4.63x $9.44 Million
Fancy Wood Industries Public Company Limited (FANCY) $1.52 Billion 16.74% 0.09x $2.87 Million
Home Pottery Public Company Limited (HPT) $318.50 Million 7.42% 0.18x $4.01 Million
Index Living Mall Public Company Limited (ILM) $4.65 Billion 10.63% 1.65x $37.42 Million
Itthirit Nice Corp. PCL (ITTHI) $346.24 Million 6.70% 0.45x $3.13 Million
Masterkool International Public Company Limited (KOOL) $389.26 Million 22.35% 0.46x $11.64 Million
Kang Yong Electric Public Company Limited (KYE) $6.38 Billion 11.28% 0.28x $44.05 Million
Modernform Group Public Company Limited (MODERN) $2.45 Billion 7.07% 0.50x $22.15 Million