Permsin Steel Works Public Company Limited (PERM) - Net Assets

Latest as of September 2025: ฿336.08 Million THB ≈ $10.48 Million USD

Based on the latest financial reports, Permsin Steel Works Public Company Limited (PERM) has net assets worth ฿336.08 Million THB (≈ $10.48 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 (฿3.94 Billion ≈ $122.73 Million USD) and total liabilities (฿3.60 Billion ≈ $112.26 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. Explore Permsin Steel Works Public Company Limit operating cash flow efficiency to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿336.08 Million
% of Total Assets	8.54%
Annual Growth Rate	17.21%
5-Year Change	-60.7%
10-Year Change	-22.64%
Growth Volatility	460.29

Permsin Steel Works Public Company Limited - Net Assets Trend (2003–2024)

This chart illustrates how Permsin Steel Works Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore PERM long-term asset investment ratio to see how much of total assets are deployed in long-term investments.

Annual Net Assets for Permsin Steel Works Public Company Limited (2003–2024)

The table below shows the annual net assets of Permsin Steel Works Public Company Limited from 2003 to 2024. For live valuation and market cap data, see PERM company net worth.

Year	Net Assets	Change
2024-12-31	฿446.75 Million ≈ $13.92 Million	-41.66%
2023-12-31	฿765.75 Million ≈ $23.87 Million	-33.82%
2022-12-31	฿1.16 Billion ≈ $36.07 Million	-30.29%
2021-12-31	฿1.66 Billion ≈ $51.74 Million	+46.00%
2020-12-31	฿1.14 Billion ≈ $35.44 Million	+2.36%
2019-12-31	฿1.11 Billion ≈ $34.62 Million	+13.99%
2018-12-31	฿974.37 Million ≈ $30.37 Million	-8.46%
2017-12-31	฿1.06 Billion ≈ $33.18 Million	+7.47%
2016-12-31	฿990.51 Million ≈ $30.87 Million	+71.51%
2015-12-31	฿577.53 Million ≈ $18.00 Million	-33.33%
2014-12-31	฿866.27 Million ≈ $27.00 Million	+2.09%
2013-12-31	฿848.57 Million ≈ $26.45 Million	-2.87%
2012-12-31	฿873.67 Million ≈ $27.23 Million	+3.50%
2011-12-31	฿844.12 Million ≈ $26.31 Million	+1.12%
2010-12-31	฿834.78 Million ≈ $26.02 Million	+6.12%
2009-12-31	฿786.64 Million ≈ $24.52 Million	-8.93%
2008-12-31	฿863.78 Million ≈ $26.92 Million	-1.26%
2007-12-31	฿874.82 Million ≈ $27.27 Million	+0.44%
2006-12-31	฿870.98 Million ≈ $27.15 Million	-1.19%
2005-12-31	฿881.44 Million ≈ $27.47 Million	+145.13%
2004-12-31	฿359.58 Million ≈ $11.21 Million	+2160.32%
2003-12-31	฿15.91 Million ≈ $495.85K	--

Equity Component Analysis

This analysis shows how different components contribute to Permsin Steel Works 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 6616.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	฿766.66 Million	175.12%
Other Comprehensive Income	฿60.00 Million	13.71%
Other Components	฿256.78 Million	58.65%
Total Equity	฿437.79 Million	100.00%

Permsin Steel Works Public Company Limited Competitors by Market Cap

The table below lists competitors of Permsin Steel Works Public Company Limited ranked by their market capitalization.

Company	Market Cap
Kontigo Care AB ST:KONT	$5.50 Million
TOP Ships Inc. NYSE MKT:TOPS	$5.50 Million
ConnectM Technology Solutions, Inc. NASDAQ:CNTM	$5.50 Million
JIADE LIMITED Common stock NASDAQ:JDZG	$5.50 Million
Cahaya Bintang Medan Tbk Pt JK:CBMF	$5.49 Million
TEN Holdings, Inc. Common Stock NASDAQ:XHLD	$5.49 Million
Kioson Komersial Indonesia Tbk PT JK:KIOS	$5.48 Million
Gafisa S.A SA:GFSA3	$5.48 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 744,408,113 to 437,786,680, a change of -306,621,433 (-41.2%).
Net loss of 310,725,544 reduced equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-310.73 Million	-70.98%
Other Changes	฿4.10 Million	+0.94%
Total Change	฿-	-41.19%

Book Value vs Market Value Analysis

This analysis compares Permsin Steel Works 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: 0.40x
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 0.00x to 0.40x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿226.41	฿0.23	x
2004-12-31	฿430.49	฿0.23	x
2005-12-31	฿1.65	฿0.23	x
2006-12-31	฿1.49	฿0.23	x
2007-12-31	฿1.49	฿0.23	x
2008-12-31	฿1.48	฿0.23	x
2009-12-31	฿1.34	฿0.23	x
2010-12-31	฿1.43	฿0.23	x
2011-12-31	฿1.43	฿0.23	x
2012-12-31	฿1.27	฿0.23	x
2013-12-31	฿1.23	฿0.23	x
2014-12-31	฿1.47	฿0.23	x
2015-12-31	฿0.85	฿0.23	x
2016-12-31	฿1.68	฿0.23	x
2017-12-31	฿1.84	฿0.23	x
2018-12-31	฿1.60	฿0.23	x
2019-12-31	฿1.69	฿0.23	x
2020-12-31	฿1.47	฿0.23	x
2021-12-31	฿2.00	฿0.23	x
2022-12-31	฿1.47	฿0.23	x
2023-12-31	฿0.97	฿0.23	x
2024-12-31	฿0.57	฿0.23	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Permsin Steel Works 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): -70.98%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -8.53%
• Asset Turnover: 0.90x
• Equity Multiplier: 9.27x
Recent ROE (-70.98%) is below the historical average (-2.87%), 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	36.76%	0.48%	2.83x	26.96x	฿4.26 Million
2004	13.81%	2.99%	1.47x	3.14x	฿13.71 Million
2005	8.90%	3.39%	1.49x	1.76x	฿-9.74 Million
2006	3.39%	1.35%	1.15x	2.20x	฿-57.56 Million
2007	2.15%	0.97%	1.10x	2.01x	฿-68.65 Million
2008	-1.28%	-0.50%	1.17x	2.17x	฿-97.42 Million
2009	-9.81%	-3.28%	1.24x	2.41x	฿-155.80 Million
2010	5.77%	1.44%	1.67x	2.41x	฿-35.34 Million
2011	4.38%	0.79%	1.92x	2.90x	฿-47.40 Million
2012	7.05%	1.50%	1.60x	2.93x	฿-25.79 Million
2013	0.50%	0.08%	2.20x	2.76x	฿-80.57 Million
2014	2.08%	0.30%	1.32x	5.21x	฿-68.57 Million
2015	-45.67%	-5.76%	1.39x	5.69x	฿-321.49 Million
2016	41.62%	7.90%	1.30x	4.04x	฿313.24 Million
2017	13.89%	2.76%	1.44x	3.48x	฿41.37 Million
2018	-5.33%	-1.09%	1.12x	4.37x	฿-149.10 Million
2019	-13.89%	-3.39%	1.17x	3.50x	฿-256.17 Million
2020	2.56%	0.69%	1.50x	2.50x	฿-81.81 Million
2021	32.50%	8.16%	1.36x	2.94x	฿365.88 Million
2022	-41.68%	-8.54%	1.25x	3.89x	฿-575.99 Million
2023	-49.83%	-10.27%	0.85x	5.71x	฿-445.35 Million
2024	-70.98%	-8.53%	0.90x	9.27x	฿-354.50 Million

Industry Comparison

This section compares Permsin Steel Works Public Company Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $4,161,632,908
Average return on equity (ROE) among peers: 2.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Permsin Steel Works Public Company Limited (PERM)	฿336.08 Million	36.76%	10.72x	$5.50 Million
2S Metal Public Company Limited (2S)	$626.36 Million	8.40%	1.00x	$53.14 Million
Asia Metal Public Company Limited (AMC)	$1.71 Billion	9.59%	1.08x	$33.82 Million
Bangsaphan Barmill Public Company Limited (BSBM)	$2.17 Billion	0.00%	0.30x	$20.97 Million
Capital Engineering Network Public Company Limited (CEN)	$2.89 Billion	-15.04%	0.17x	$14.40 Million
Chow Steel Industries Public Company Limited (CHOW)	$2.34 Billion	6.32%	0.53x	$34.91 Million
CSP Steel Center Public Company Limited (CSP)	$574.24 Million	-18.63%	2.17x	$7.58 Million
G J Steel Public Company Limited (GJS)	$17.82 Billion	-4.05%	0.83x	$103.27 Million
POSCO-Thainox Public Company Limited (INOX)	$9.45 Billion	5.95%	0.36x	$1.07 Billion
Lohakit Metal Public Company Limited (LHK)	$1.67 Billion	8.62%	0.41x	$41.30 Million
M.C.S. Steel Public Company Limited (MCS)	$2.37 Billion	26.12%	0.60x	$112.25 Million

About Permsin Steel Works Public Company Limited

BK:PERM Thailand Steel

Market Cap

$5.50 Million

฿176.33 Million THB

Market Cap Rank

#28345 Global

#604 in Thailand

Share Price

฿0.23

Change (1 day)

-4.17%

52-Week Range

฿0.16 - ฿0.38

All Time High

฿4.40