People's Garment Public Company Limited (PG) - Net Assets
Based on the latest financial reports, People's Garment Public Company Limited (PG) has net assets worth ฿1.38 Billion THB (≈ $42.88 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 (฿1.55 Billion ≈ $48.32 Million USD) and total liabilities (฿174.59 Million ≈ $5.44 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 People's Garment Public Company Limited (PG) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.38 Billion |
| % of Total Assets | 88.74% |
| Annual Growth Rate | 7.85% |
| 5-Year Change | 2.88% |
| 10-Year Change | -3.55% |
| Growth Volatility | 16.14 |
People's Garment Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how People's Garment Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore PG total asset value for the complete picture of this company's asset base.
Annual Net Assets for People's Garment Public Company Limited (2000–2024)
The table below shows the annual net assets of People's Garment Public Company Limited from 2000 to 2024. For live valuation and market cap data, see People's Garment Public Company Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.42 Billion ≈ $44.21 Million |
-5.12% |
| 2023-12-31 | ฿1.49 Billion ≈ $46.59 Million |
+2.29% |
| 2022-12-31 | ฿1.46 Billion ≈ $45.55 Million |
+3.93% |
| 2021-12-31 | ฿1.41 Billion ≈ $43.82 Million |
+1.99% |
| 2020-12-31 | ฿1.38 Billion ≈ $42.97 Million |
-6.13% |
| 2019-12-31 | ฿1.47 Billion ≈ $45.77 Million |
-1.13% |
| 2018-12-31 | ฿1.49 Billion ≈ $46.29 Million |
-3.41% |
| 2017-12-31 | ฿1.54 Billion ≈ $47.93 Million |
+3.08% |
| 2016-12-31 | ฿1.49 Billion ≈ $46.49 Million |
+1.44% |
| 2015-12-31 | ฿1.47 Billion ≈ $45.83 Million |
-5.43% |
| 2014-12-31 | ฿1.55 Billion ≈ $48.46 Million |
+3.67% |
| 2013-12-31 | ฿1.50 Billion ≈ $46.75 Million |
-7.54% |
| 2012-12-31 | ฿1.62 Billion ≈ $50.56 Million |
+12.33% |
| 2011-12-31 | ฿1.44 Billion ≈ $45.01 Million |
+7.32% |
| 2010-12-31 | ฿1.35 Billion ≈ $41.94 Million |
+7.42% |
| 2009-12-31 | ฿1.25 Billion ≈ $39.04 Million |
+10.81% |
| 2008-12-31 | ฿1.13 Billion ≈ $35.23 Million |
+7.41% |
| 2007-12-31 | ฿1.05 Billion ≈ $32.80 Million |
+3.23% |
| 2006-12-31 | ฿1.02 Billion ≈ $31.78 Million |
+67.41% |
| 2005-12-31 | ฿608.96 Million ≈ $18.98 Million |
+41.24% |
| 2004-12-31 | ฿431.16 Million ≈ $13.44 Million |
+10.13% |
| 2003-12-31 | ฿391.49 Million ≈ $12.20 Million |
+23.00% |
| 2002-12-31 | ฿318.29 Million ≈ $9.92 Million |
+18.55% |
| 2001-12-31 | ฿268.48 Million ≈ $8.37 Million |
+16.05% |
| 2000-12-31 | ฿231.36 Million ≈ $7.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to People's Garment 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 817.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿751.13 Million | 52.96% |
| Common Stock | ฿96.00 Million | 6.77% |
| Other Comprehensive Income | ฿12.10 Million | 0.85% |
| Other Components | ฿559.01 Million | 39.42% |
| Total Equity | ฿1.42 Billion | 100.00% |
People's Garment Public Company Limited Competitors by Market Cap
The table below lists competitors of People's Garment Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genomtec S.A.
WAR:GMT
|
$19.90 Million |
|
GUH Holdings Bhd
KLSE:3247
|
$19.91 Million |
|
Southern Fertilizer JSC
VN:SFG
|
$19.93 Million |
|
Media 6 SA
PA:EDI
|
$19.93 Million |
|
RENDER CUBE BSAC ZY -10
F:W63
|
$19.89 Million |
|
Ekiz Kimya Sanayi ve Ticaret AS
IS:EKIZ
|
$19.88 Million |
|
Raimon Land Public Company Limited
BK:RML
|
$19.87 Million |
|
Agricore CS Holdings Berhad
KLSE:0309
|
$19.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in People's Garment Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,494,752,883 to 1,418,231,719, a change of -76,521,164 (-5.1%).
- Net income of 1,957,160 contributed positively to equity growth.
- Dividend payments of 19,200,000 reduced retained earnings.
- Other comprehensive income decreased equity by 292,742,550.
- Other factors increased equity by 233,464,226.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.96 Million | +0.14% |
| Dividends Paid | ฿19.20 Million | -1.35% |
| Other Comprehensive Income | ฿-292.74 Million | -20.64% |
| Other Changes | ฿233.46 Million | +16.46% |
| Total Change | ฿- | -5.12% |
Book Value vs Market Value Analysis
This analysis compares People's Garment 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: 0.46x
- 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 1.23x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿5.42 | ฿6.65 | x |
| 2004-12-31 | ฿5.98 | ฿6.65 | x |
| 2005-12-31 | ฿8.46 | ฿6.65 | x |
| 2006-12-31 | ฿12.36 | ฿6.65 | x |
| 2007-12-31 | ฿10.96 | ฿6.65 | x |
| 2008-12-31 | ฿11.77 | ฿6.65 | x |
| 2009-12-31 | ฿13.05 | ฿6.65 | x |
| 2010-12-31 | ฿14.02 | ฿6.65 | x |
| 2011-12-31 | ฿15.06 | ฿6.65 | x |
| 2012-12-31 | ฿16.94 | ฿6.65 | x |
| 2013-12-31 | ฿15.71 | ฿6.65 | x |
| 2014-12-31 | ฿16.29 | ฿6.65 | x |
| 2015-12-31 | ฿15.21 | ฿6.65 | x |
| 2016-12-31 | ฿15.50 | ฿6.65 | x |
| 2017-12-31 | ฿15.86 | ฿6.65 | x |
| 2018-12-31 | ฿15.46 | ฿6.65 | x |
| 2019-12-31 | ฿15.30 | ฿6.65 | x |
| 2020-12-31 | ฿14.36 | ฿6.65 | x |
| 2021-12-31 | ฿14.65 | ฿6.65 | x |
| 2022-12-31 | ฿15.22 | ฿6.65 | x |
| 2023-12-31 | ฿15.53 | ฿6.65 | x |
| 2024-12-31 | ฿14.49 | ฿6.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently People's Garment 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): 0.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.25%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.11x
- Recent ROE (0.14%) is below the historical average (9.05%), 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 | 15.65% | 5.38% | 1.29x | 2.26x | ฿12.80 Million |
| 2001 | 23.73% | 9.28% | 1.30x | 1.97x | ฿36.85 Million |
| 2002 | 23.19% | 9.58% | 1.37x | 1.77x | ฿41.97 Million |
| 2003 | 20.28% | 9.26% | 1.45x | 1.51x | ฿40.23 Million |
| 2004 | 24.57% | 10.65% | 1.42x | 1.63x | ฿62.81 Million |
| 2005 | 28.00% | 14.21% | 1.48x | 1.33x | ฿109.62 Million |
| 2006 | 17.82% | 13.52% | 1.08x | 1.22x | ฿79.73 Million |
| 2007 | 15.35% | 12.33% | 1.08x | 1.15x | ฿56.26 Million |
| 2008 | 10.35% | 10.88% | 0.84x | 1.13x | ฿3.91 Million |
| 2009 | 10.25% | 13.05% | 0.69x | 1.14x | ฿3.09 Million |
| 2010 | 9.04% | 11.67% | 0.67x | 1.16x | ฿-12.93 Million |
| 2011 | 7.63% | 8.71% | 0.76x | 1.16x | ฿-34.15 Million |
| 2012 | 7.11% | 9.63% | 0.63x | 1.16x | ฿-46.85 Million |
| 2013 | 5.60% | 7.95% | 0.57x | 1.23x | ฿-65.95 Million |
| 2014 | 3.81% | 4.99% | 0.62x | 1.22x | ฿-96.32 Million |
| 2015 | 0.92% | 1.40% | 0.57x | 1.15x | ฿-133.51 Million |
| 2016 | -5.03% | -7.03% | 0.58x | 1.23x | ฿-224.22 Million |
| 2017 | -1.01% | -1.62% | 0.54x | 1.16x | ฿-169.29 Million |
| 2018 | 6.47% | 13.85% | 0.42x | 1.12x | ฿-52.47 Million |
| 2019 | 0.21% | 0.43% | 0.42x | 1.12x | ฿-143.83 Million |
| 2020 | -3.20% | -8.04% | 0.35x | 1.15x | ฿-181.93 Million |
| 2021 | 0.76% | 1.74% | 0.38x | 1.16x | ฿-129.96 Million |
| 2022 | 2.98% | 6.33% | 0.41x | 1.14x | ฿-102.63 Million |
| 2023 | 1.74% | 3.69% | 0.41x | 1.15x | ฿-123.49 Million |
| 2024 | 0.14% | 0.25% | 0.49x | 1.11x | ฿-139.87 Million |
Industry Comparison
This section compares People's Garment Public Company Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,251,543,875
- Average return on equity (ROE) among peers: 3.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| People's Garment Public Company Limited (PG) | ฿1.38 Billion | 15.65% | 0.13x | $19.90 Million |
| Castle Peak Holdings Public Company Limited (CPH) | $648.99 Million | -2.77% | 1.20x | $10.41 Million |
| MC Group Public Company Limited (MC) | $3.72 Billion | 20.45% | 0.48x | $274.01 Million |
| New Plus Knitting Public Company Limited (NPK) | $415.77 Million | -4.64% | 0.12x | $4.08 Million |
| Sabina Public Company Limited (SABINA) | $664.17 Million | 0.00% | 1.27x | $164.64 Million |
| Thai Wacoal Public Company Limited (WACOAL) | $5.81 Billion | 6.12% | 0.24x | $63.21 Million |
About People's Garment Public Company Limited
People's Garment Public Company Limited manufactures and distributes ready-made cloths in Thailand. It provides menswear, womenswear, children's wear, enterprise uniform, textile, uniform, sportswear, men's innerwear, and swimwear, as well as garment products for healthcare and others under the Arrow, Bobby Jones, Beverly Hills Polo Club, BSC, Calvin Klien, Elle, Lacoste, Le Cog Sportif, Mizuno, … Read more