Phatra Leasing Public Company Limited (PL) - Net Assets

Latest as of September 2025: ฿3.05 Billion THB ≈ $95.22 Million USD

Based on the latest financial reports, Phatra Leasing Public Company Limited (PL) has net assets worth ฿3.05 Billion THB (≈ $95.22 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 (฿11.97 Billion ≈ $373.03 Million USD) and total liabilities (฿8.91 Billion ≈ $277.81 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. Read total liabilities of Phatra Leasing Public Company Limited for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿3.05 Billion
% of Total Assets	25.53%
Annual Growth Rate	8.4%
5-Year Change	-0.24%
10-Year Change	13.65%
Growth Volatility	53.65

Phatra Leasing Public Company Limited - Net Assets Trend (2006–2024)

This chart illustrates how Phatra Leasing Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Phatra Leasing Public Company Limited assets under control for the complete picture of this company's asset base.

Annual Net Assets for Phatra Leasing Public Company Limited (2006–2024)

The table below shows the annual net assets of Phatra Leasing Public Company Limited from 2006 to 2024. For live valuation and market cap data, see PL company net worth.

Year	Net Assets	Change
2024-12-31	฿3.00 Billion ≈ $93.50 Million	-5.48%
2023-12-31	฿3.17 Billion ≈ $98.93 Million	+1.16%
2022-12-31	฿3.14 Billion ≈ $97.80 Million	+1.77%
2021-12-31	฿3.08 Billion ≈ $96.10 Million	+2.53%
2020-12-31	฿3.01 Billion ≈ $93.73 Million	-0.98%
2019-12-31	฿3.04 Billion ≈ $94.66 Million	+1.88%
2018-12-31	฿2.98 Billion ≈ $92.91 Million	+4.15%
2017-12-31	฿2.86 Billion ≈ $89.21 Million	+3.99%
2016-12-31	฿2.75 Billion ≈ $85.78 Million	+4.27%
2015-12-31	฿2.64 Billion ≈ $82.27 Million	+25.59%
2014-12-31	฿2.10 Billion ≈ $65.51 Million	+0.71%
2013-12-31	฿2.09 Billion ≈ $65.04 Million	+1.27%
2012-12-31	฿2.06 Billion ≈ $64.23 Million	+4.25%
2011-12-31	฿1.98 Billion ≈ $61.61 Million	+0.45%
2010-12-31	฿1.97 Billion ≈ $61.34 Million	+9.11%
2009-12-31	฿1.80 Billion ≈ $56.22 Million	+4.89%
2008-12-31	฿1.72 Billion ≈ $53.59 Million	+232.75%
2007-12-31	฿516.74 Million ≈ $16.11 Million	-26.37%
2006-12-31	฿701.85 Million ≈ $21.88 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Phatra Leasing 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 143.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿1.69 Billion	56.45%
Common Stock	฿596.51 Million	19.88%
Other Comprehensive Income	฿64.68 Million	2.16%
Other Components	฿645.17 Million	21.51%
Total Equity	฿3.00 Billion	100.00%

Phatra Leasing Public Company Limited Competitors by Market Cap

The table below lists competitors of Phatra Leasing Public Company Limited ranked by their market capitalization.

Company	Market Cap
EcoBio Holdings Co. Ltd KQ:038870	$24.55 Million
WIZ CORP Inc KQ:038620	$24.55 Million
Spinnova Oy HE:SPINN	$24.55 Million
System and Application Technologies Co. Ltd KQ:060540	$24.56 Million
Dragonfly Energy Holdings Corp. NASDAQ:DFLI	$24.54 Million
Silver Bear Resources Inc TO:SBR	$24.53 Million
Niche Capital Emas Holdings KLSE:7139	$24.52 Million
Mont Royal Resources Ltd AU:MRZ	$24.52 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,173,845,926 to 2,999,846,594, a change of -173,999,332 (-5.5%).
Net loss of 105,530,299 reduced equity.
Dividend payments of 65,616,081 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-105.53 Million	-3.52%
Dividends Paid	฿65.62 Million	-2.19%
Other Changes	฿-2.85 Million	-0.1%
Total Change	฿-	-5.48%

Book Value vs Market Value Analysis

This analysis compares Phatra Leasing 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: 0.26x
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 0.43x to 0.26x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	฿3.10	฿1.32	x
2007-12-31	฿3.46	฿1.32	x
2008-12-31	฿3.59	฿1.32	x
2009-12-31	฿3.76	฿1.32	x
2010-12-31	฿4.10	฿1.32	x
2011-12-31	฿4.12	฿1.32	x
2012-12-31	฿4.30	฿1.32	x
2013-12-31	฿4.35	฿1.32	x
2014-12-31	฿4.38	฿1.32	x
2015-12-31	฿4.96	฿1.32	x
2016-12-31	฿4.61	฿1.32	x
2017-12-31	฿4.76	฿1.32	x
2018-12-31	฿5.00	฿1.32	x
2019-12-31	฿5.09	฿1.32	x
2020-12-31	฿5.04	฿1.32	x
2021-12-31	฿5.17	฿1.32	x
2022-12-31	฿5.26	฿1.32	x
2023-12-31	฿5.32	฿1.32	x
2024-12-31	฿5.03	฿1.32	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Phatra Leasing 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): -3.52%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.00%
• Asset Turnover: 0.21x
• Equity Multiplier: 4.20x
Recent ROE (-3.52%) is below the historical average (7.93%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	11.59%	10.20%	1.14x	1.00x	฿23.71 Million
2007	16.11%	15.94%	1.01x	1.00x	฿101.33 Million
2008	12.71%	13.84%	0.28x	3.23x	฿46.67 Million
2009	12.12%	13.78%	0.27x	3.30x	฿38.20 Million
2010	14.27%	56.24%	0.06x	4.12x	฿84.02 Million
2011	10.18%	39.00%	0.06x	4.62x	฿3.55 Million
2012	11.67%	7.41%	0.31x	5.07x	฿34.46 Million
2013	9.83%	6.26%	0.27x	5.76x	฿-3.60 Million
2014	6.67%	3.79%	0.29x	5.99x	฿-70.05 Million
2015	6.48%	4.67%	0.28x	4.89x	฿-92.96 Million
2016	8.00%	5.34%	0.31x	4.81x	฿-55.05 Million
2017	7.75%	5.82%	0.29x	4.62x	฿-64.32 Million
2018	7.52%	5.92%	0.27x	4.72x	฿-74.02 Million
2019	5.61%	4.44%	0.29x	4.41x	฿-133.38 Million
2020	2.53%	2.12%	0.30x	4.00x	฿-224.65 Million
2021	3.90%	3.74%	0.30x	3.51x	฿-188.18 Million
2022	3.84%	4.11%	0.29x	3.28x	฿-193.14 Million
2023	3.38%	3.98%	0.22x	3.88x	฿-209.98 Million
2024	-3.52%	-4.00%	0.21x	4.20x	฿-405.51 Million

Industry Comparison

This section compares Phatra Leasing Public Company Limited's net assets metrics with peer companies in the Rental & Leasing Services industry.

Industry Context

Industry: Rental & Leasing Services
Average net assets among peers: $655,672,714
Average return on equity (ROE) among peers: 20.01%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Phatra Leasing Public Company Limited (PL)	฿3.05 Billion	11.59%	2.92x	$24.54 Million
Synergetic Auto Performance Public Company Limited (ASAP)	$664.01 Million	10.52%	8.60x	$28.06 Million
Chukai Public Company Limited (CRANE)	$949.13 Million	10.40%	1.12x	$9.93 Million
Krungthai Car Rent and Lease Public Company Limited (KCAR)	$353.87 Million	39.13%	3.06x	$36.62 Million

About Phatra Leasing Public Company Limited

BK:PL Thailand Rental & Leasing Services

Market Cap

$24.54 Million

฿787.39 Million THB

Market Cap Rank

#24381 Global

#460 in Thailand

Share Price

฿1.32

Change (1 day)

+0.76%

52-Week Range

฿1.11 - ฿1.45

All Time High

฿3.54