Premier Tank Corp. PCL
Premier Tank Corporation Public Company Limited provides oil and fuel tank farm services for receiving, storage, blending, and distributing petroleum products and other hazardous substances in Thailand. The company operates Khonkaen and Sisaket oil terminals in the Northeastern region. It also produces, procures, and sells tap water filtration systems for household consumption. The company was fo… Read more
Premier Tank Corp. PCL (PTC) - Net Assets
Latest net assets as of September 2025: ฿889.46 Million THB
Based on the latest financial reports, Premier Tank Corp. PCL (PTC) has net assets worth ฿889.46 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿903.43 Million) and total liabilities (฿13.97 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 | ฿889.46 Million |
| % of Total Assets | 98.45% |
| Annual Growth Rate | 19.91% |
| 5-Year Change | 169.61% |
| 10-Year Change | N/A |
| Growth Volatility | 39.8 |
Premier Tank Corp. PCL - Net Assets Trend (2016–2024)
This chart illustrates how Premier Tank Corp. 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 Premier Tank Corp. PCL (2016–2024)
The table below shows the annual net assets of Premier Tank Corp. PCL from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿902.73 Million | +2.04% |
| 2023-12-31 | ฿884.71 Million | +4.85% |
| 2022-12-31 | ฿843.83 Million | +95.00% |
| 2021-12-31 | ฿432.74 Million | +29.24% |
| 2020-12-31 | ฿334.83 Million | +49.63% |
| 2019-12-31 | ฿223.77 Million | +53.36% |
| 2018-12-31 | ฿145.91 Million | -48.35% |
| 2017-12-31 | ฿282.49 Million | +33.73% |
| 2016-12-31 | ฿211.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Premier Tank Corp. 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 225.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿361.88 Million | 40.18% |
| Other Components | ฿538.86 Million | 59.82% |
| Total Equity | ฿900.74 Million | 100.00% |
Premier Tank Corp. PCL Competitors by Market Cap
The table below lists competitors of Premier Tank Corp. PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Haoxi Health Technology Limited Class A Ordinary Shares
NASDAQ:HAO
|
$3.24 Million |
|
Eurocastle Investment Limited
OTCGREY:EUIVF
|
$3.24 Million |
|
Maison Solutions Inc
NASDAQ:MSS
|
$3.24 Million |
|
Pangea Natural Foods Inc.
OTCQB:PNGAF
|
$3.24 Million |
|
Hiap Huat Holdings Bhd
KLSE:0160
|
$3.23 Million |
|
CPR Gomu Industrial PCL
BK:CPR
|
$3.23 Million |
|
Seafarms Group Ltd
AU:SFG
|
$3.23 Million |
|
Dharma Samudera Fishing Tbk
JK:DSFI
|
$3.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Premier Tank Corp. PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 884,714,822 to 900,742,789, a change of 16,027,967 (1.8%).
- Net income of 46,982,463 contributed positively to equity growth.
- Dividend payments of 30,730,559 reduced retained earnings.
- Other comprehensive income decreased equity by 20,500,000.
- Other factors increased equity by 20,276,063.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿46.98 Million | +5.22% |
| Dividends Paid | ฿30.73 Million | -3.41% |
| Other Comprehensive Income | ฿-20.50 Million | -2.28% |
| Other Changes | ฿20.28 Million | +2.25% |
| Total Change | ฿- | 1.81% |
Book Value vs Market Value Analysis
This analysis compares Premier Tank Corp. 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: 0.28x
- 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 1.20x to 0.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿0.52 | ฿0.62 | x |
| 2017-12-31 | ฿0.69 | ฿0.62 | x |
| 2018-12-31 | ฿0.36 | ฿0.62 | x |
| 2019-12-31 | ฿0.55 | ฿0.62 | x |
| 2020-12-31 | ฿0.82 | ฿0.62 | x |
| 2021-12-31 | ฿1.44 | ฿0.62 | x |
| 2022-12-31 | ฿2.12 | ฿0.62 | x |
| 2023-12-31 | ฿2.16 | ฿0.62 | x |
| 2024-12-31 | ฿2.20 | ฿0.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Premier Tank Corp. 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): 5.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.61%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.02x
- Recent ROE (5.22%) is below the historical average (23.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 29.70% | 38.82% | 0.28x | 2.69x | ฿41.61 Million |
| 2017 | 25.27% | 44.19% | 0.22x | 2.59x | ฿43.12 Million |
| 2018 | 51.69% | 46.57% | 0.25x | 4.38x | ฿60.83 Million |
| 2019 | 24.77% | 31.34% | 0.28x | 2.87x | ฿33.05 Million |
| 2020 | 33.17% | 43.83% | 0.40x | 1.87x | ฿77.58 Million |
| 2021 | 22.62% | 44.27% | 0.37x | 1.39x | ฿54.63 Million |
| 2022 | 9.92% | 42.48% | 0.23x | 1.02x | ฿-662.82K |
| 2023 | 8.49% | 42.18% | 0.20x | 1.02x | ฿-13.37 Million |
| 2024 | 5.22% | 33.61% | 0.15x | 1.02x | ฿-43.09 Million |
Industry Comparison
This section compares Premier Tank Corp. PCL's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $38,890,012,675
- Average return on equity (ROE) among peers: 16.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Premier Tank Corp. PCL (PTC) | ฿889.46 Million | 29.70% | 0.02x | $3.24 Million |
| ATLAS (ATLAS) | $1.44 Billion | 19.77% | 4.80x | $22.20 Million |
| Bangchak Corporation Public Company Limited (BCP-R) | $58.82 Billion | 2.94% | 1.17x | $1.02 Billion |
| Esso (Thailand) Public Company Limited (BSRC) | $20.75 Billion | 32.04% | 1.85x | $53.08 Million |
| IRPC Public Company Limited (IRPC) | $83.40 Billion | -1.37% | 1.13x | $411.27 Million |
| PTT Oil and Retail Business Public Company Limited (OR) | $99.87 Billion | 11.49% | 1.08x | $937.47 Million |
| PTT OIL & RETAIL BUSINE-NVDR (OR-R) | $38.71 Billion | 28.15% | 2.93x | $1.16 Billion |
| Sea Oil Public Company Limited (SEAOIL) | $164.21 Million | 27.79% | 1.39x | $31.65 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP) | $10.13 Billion | 8.60% | 2.53x | $103.31 Million |
| Star Petroleum Refining Co Ltd (SPRC) | $36.72 Billion | 22.40% | 0.66x | $367.39 Million |