Royal Plus PCL
Royal Plus Public Company Limited manufactures and distributes beverages and fruit juices in Thailand. The company provides fruit juices with basil seeds, fruit juices with chia seeds, coconut water, plant-based coconut milk, coconut water with pulp, coconut milk, cocogurt, fruit juice with Nata de Coco, non-dairy milk with 3 in 1 and basil seeds, coconut jelly, and milk tea products. It offers i… Read more
Royal Plus PCL (PLUS) - Net Assets
Latest net assets as of September 2025: ฿1.24 Billion THB
Based on the latest financial reports, Royal Plus PCL (PLUS) has net assets worth ฿1.24 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 (฿1.85 Billion) and total liabilities (฿613.69 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 | ฿1.24 Billion |
| % of Total Assets | 66.86% |
| Annual Growth Rate | 36.1% |
| 5-Year Change | 377.86% |
| 10-Year Change | N/A |
| Growth Volatility | 87.79 |
Royal Plus PCL - Net Assets Trend (2018–2024)
This chart illustrates how Royal Plus 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 Royal Plus PCL (2018–2024)
The table below shows the annual net assets of Royal Plus PCL from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.32 Billion | -2.79% |
| 2023-12-31 | ฿1.35 Billion | +8.06% |
| 2022-12-31 | ฿1.25 Billion | +247.05% |
| 2021-12-31 | ฿361.20 Million | +31.07% |
| 2020-12-31 | ฿275.57 Million | +25.95% |
| 2019-12-31 | ฿218.80 Million | +5.65% |
| 2018-12-31 | ฿207.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Royal Plus 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 33757807300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿281.18 Million | 21.35% |
| Other Components | ฿1.04 Billion | 78.65% |
| Total Equity | ฿1.32 Billion | 100.00% |
Royal Plus PCL Competitors by Market Cap
The table below lists competitors of Royal Plus PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SSH Communications Security Oyj
HE:SSH1V
|
$9.74 Million |
|
Tigers Realm Coal Ltd
AU:TIG
|
$9.74 Million |
|
Charnic Capital Tbk PT
JK:NICK
|
$9.74 Million |
|
Youngtimers AG
SW:YTME
|
$9.74 Million |
|
Cubic Korea Inc
KQ:021650
|
$9.73 Million |
|
Mtag Group Berhad
KLSE:0213
|
$9.73 Million |
|
EMB Mission Bound AB (publ)
ST:NAVIGO-STAM
|
$9.73 Million |
|
Optimi Health Corp
OTCQX:OPTHF
|
$9.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royal Plus PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,354,614,247 to 1,316,850,514, a change of -37,763,733 (-2.8%).
- Net income of 42,964,646 contributed positively to equity growth.
- Dividend payments of 80,399,712 reduced retained earnings.
- Other comprehensive income decreased equity by 25,124,000.
- Other factors increased equity by 24,795,333.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿42.96 Million | +3.26% |
| Dividends Paid | ฿80.40 Million | -6.11% |
| Other Comprehensive Income | ฿-25.12 Million | -1.91% |
| Other Changes | ฿24.80 Million | +1.88% |
| Total Change | ฿- | -2.79% |
Book Value vs Market Value Analysis
This analysis compares Royal Plus 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: 0.74x
- 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 4.72x to 0.74x 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 | ฿0.31 | ฿1.46 | x |
| 2020-12-31 | ฿0.41 | ฿1.46 | x |
| 2021-12-31 | ฿0.54 | ฿1.46 | x |
| 2022-12-31 | ฿2.07 | ฿1.46 | x |
| 2023-12-31 | ฿2.02 | ฿1.46 | x |
| 2024-12-31 | ฿1.97 | ฿1.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royal Plus 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): 3.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.02%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.28x
- Recent ROE (3.26%) is below the historical average (12.02%), 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 | 0.63% | 0.17% | 1.05x | 3.62x | ฿-19.41 Million |
| 2019 | 5.35% | 1.31% | 1.12x | 3.64x | ฿-10.18 Million |
| 2020 | 20.76% | 5.19% | 1.60x | 2.50x | ฿29.66 Million |
| 2021 | 23.71% | 8.54% | 1.38x | 2.01x | ฿49.51 Million |
| 2022 | 16.56% | 14.54% | 0.98x | 1.16x | ฿82.27 Million |
| 2023 | 13.88% | 13.36% | 0.84x | 1.24x | ฿52.59 Million |
| 2024 | 3.26% | 3.02% | 0.84x | 1.28x | ฿-88.72 Million |
Industry Comparison
This section compares Royal Plus PCL's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $3,958,174,968
- Average return on equity (ROE) among peers: 31.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royal Plus PCL (PLUS) | ฿1.24 Billion | 0.63% | 0.50x | $9.73 Million |
| Carabao Group Public Company Limited (CBG-R) | $7.10 Billion | 20.98% | 0.38x | $487.33 Million |
| Ichitan Group Public Company Limited (ICHI-R) | $6.22 Billion | 6.55% | 0.24x | $240.16 Million |
| OSOTSPA PCL-NVDR (OSP-R) | $3.44 Billion | 82.39% | 3.42x | $870.97 Million |
| Sappe Public Company Limited (SAPPE) | $1.56 Billion | 23.17% | 0.34x | $67.50 Million |
| Sermsuk Public Company Limited (SSC) | $8.45 Billion | -3.61% | 0.40x | $131.25 Million |
| T.A.C. Consumer Public Company Limited (TACC) | $44.62 Million | 58.03% | 4.26x | $72.94 Million |
| Tipco Foods Public Company Limited (TIPCO) | $899.00 Million | 31.07% | 1.67x | $12.02 Million |