Quality Houses Public Company Limited (QH) - Net Assets

Latest as of September 2025: ฿29.96 Billion THB ≈ $933.75 Million USD

Based on the latest financial reports, Quality Houses Public Company Limited (QH) has net assets worth ฿29.96 Billion THB (≈ $933.75 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 (฿44.10 Billion ≈ $1.37 Billion USD) and total liabilities (฿14.14 Billion ≈ $440.85 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 Quality Houses Public Company Limited liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿29.96 Billion
% of Total Assets	67.93%
Annual Growth Rate	14.72%
5-Year Change	10.3%
10-Year Change	36.01%
Growth Volatility	24.25

Quality Houses Public Company Limited - Net Assets Trend (2000–2024)

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

Annual Net Assets for Quality Houses Public Company Limited (2000–2024)

The table below shows the annual net assets of Quality Houses Public Company Limited from 2000 to 2024. For live valuation and market cap data, see QH market cap.

Year	Net Assets	Change
2024-12-31	฿29.30 Billion ≈ $913.40 Million	+3.28%
2023-12-31	฿28.37 Billion ≈ $884.35 Million	+1.94%
2022-12-31	฿27.83 Billion ≈ $867.52 Million	+3.14%
2021-12-31	฿26.99 Billion ≈ $841.10 Million	+1.57%
2020-12-31	฿26.57 Billion ≈ $828.12 Million	-1.10%
2019-12-31	฿26.86 Billion ≈ $837.31 Million	+2.26%
2018-12-31	฿26.27 Billion ≈ $818.80 Million	+5.92%
2017-12-31	฿24.80 Billion ≈ $773.06 Million	+8.12%
2016-12-31	฿22.94 Billion ≈ $715.01 Million	+6.47%
2015-12-31	฿21.55 Billion ≈ $671.55 Million	+12.52%
2014-12-31	฿19.15 Billion ≈ $596.85 Million	+10.83%
2013-12-31	฿17.28 Billion ≈ $538.52 Million	+11.55%
2012-12-31	฿15.49 Billion ≈ $482.78 Million	+17.63%
2011-12-31	฿13.17 Billion ≈ $410.42 Million	-1.53%
2010-12-31	฿13.37 Billion ≈ $416.81 Million	+6.95%
2009-12-31	฿12.50 Billion ≈ $389.72 Million	+8.76%
2008-12-31	฿11.50 Billion ≈ $358.35 Million	+27.12%
2007-12-31	฿9.04 Billion ≈ $281.90 Million	+5.45%
2006-12-31	฿8.58 Billion ≈ $267.34 Million	+22.96%
2005-12-31	฿6.98 Billion ≈ $217.42 Million	+8.46%
2004-12-31	฿6.43 Billion ≈ $200.46 Million	+10.85%
2003-12-31	฿5.80 Billion ≈ $180.85 Million	+78.71%
2002-12-31	฿3.25 Billion ≈ $101.20 Million	+52.03%
2001-12-31	฿2.14 Billion ≈ $66.57 Million	+96.94%
2000-12-31	฿1.08 Billion ≈ $33.80 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Quality Houses 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 1786943446700.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿17.87 Billion	60.98%
Common Stock	฿10.71 Billion	36.56%
Other Comprehensive Income	฿1.07 Billion	3.66%
Total Equity	฿29.30 Billion	100.00%

Quality Houses Public Company Limited Competitors by Market Cap

The table below lists competitors of Quality Houses Public Company Limited ranked by their market capitalization.

Company	Market Cap
Goodluck India Limited NSE:GOODLUCK	$451.00 Million
Real Brokerage Inc NASDAQ:REAX	$451.13 Million
Jiangmen Kanhoo Industry Co Ltd SHE:300340	$451.14 Million
Zhejiang Realsun Chemical Co. Ltd. SHE:301212	$451.20 Million
Gevo Inc NASDAQ:GEVO	$450.69 Million
Turaco Gold Ltd AU:TCG	$450.67 Million
Jiangxi Selon Industrial Co Ltd SHE:002748	$450.58 Million
Qingdao Foods Co Ltd SHE:001219	$450.52 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 28,372,529,859 to 29,304,517,195, a change of 931,987,336 (3.3%).
Net income of 2,150,105,041 contributed positively to equity growth.
Dividend payments of 1,392,821,021 reduced retained earnings.
Other comprehensive income increased equity by 1,127,981,723.
Other factors decreased equity by 953,278,407.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿2.15 Billion	+7.34%
Dividends Paid	฿1.39 Billion	-4.75%
Other Comprehensive Income	฿1.13 Billion	+3.85%
Other Changes	฿-953.28 Million	-3.25%
Total Change	฿-	3.28%

Book Value vs Market Value Analysis

This analysis compares Quality Houses 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: 0.53x
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 1.60x to 0.53x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	฿0.84	฿1.35	x
2005-12-31	฿0.92	฿1.35	x
2006-12-31	฿1.10	฿1.35	x
2007-12-31	฿1.02	฿1.35	x
2008-12-31	฿1.22	฿1.35	x
2009-12-31	฿1.26	฿1.35	x
2010-12-31	฿1.35	฿1.35	x
2011-12-31	฿1.23	฿1.35	x
2012-12-31	฿1.45	฿1.35	x
2013-12-31	฿1.61	฿1.35	x
2014-12-31	฿1.79	฿1.35	x
2015-12-31	฿2.01	฿1.35	x
2016-12-31	฿2.14	฿1.35	x
2017-12-31	฿2.31	฿1.35	x
2018-12-31	฿2.45	฿1.35	x
2019-12-31	฿2.51	฿1.35	x
2020-12-31	฿2.48	฿1.35	x
2021-12-31	฿2.52	฿1.35	x
2022-12-31	฿2.60	฿1.35	x
2023-12-31	฿2.65	฿1.35	x
2024-12-31	฿2.56	฿1.35	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Quality Houses 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): 7.34%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 25.48%
• Asset Turnover: 0.19x
• Equity Multiplier: 1.53x
Recent ROE (7.34%) is below the historical average (12.71%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	9.74%	7.37%	0.27x	4.85x	฿-5.60 Million
2002	18.56%	15.76%	0.32x	3.68x	฿277.97 Million
2003	19.94%	19.14%	0.41x	2.54x	฿576.52 Million
2004	15.00%	13.41%	0.45x	2.50x	฿321.55 Million
2005	11.80%	10.24%	0.42x	2.77x	฿125.78 Million
2006	11.75%	9.07%	0.54x	2.39x	฿150.12 Million
2007	11.79%	10.08%	0.44x	2.64x	฿161.94 Million
2008	13.55%	14.53%	0.37x	2.51x	฿407.92 Million
2009	13.72%	14.86%	0.41x	2.26x	฿465.51 Million
2010	14.98%	14.69%	0.45x	2.28x	฿665.38 Million
2011	6.48%	8.66%	0.26x	2.88x	฿-463.84 Million
2012	15.40%	18.24%	0.31x	2.68x	฿836.78 Million
2013	19.14%	16.79%	0.47x	2.41x	฿1.58 Billion
2014	17.39%	15.69%	0.44x	2.54x	฿1.41 Billion
2015	14.42%	15.26%	0.38x	2.46x	฿951.94 Million
2016	13.45%	16.13%	0.36x	2.31x	฿791.02 Million
2017	13.96%	20.24%	0.32x	2.14x	฿982.01 Million
2018	14.47%	23.64%	0.30x	2.06x	฿1.17 Billion
2019	10.62%	26.72%	0.21x	1.89x	฿167.52 Million
2020	7.99%	23.24%	0.19x	1.79x	฿-533.42 Million
2021	6.19%	20.56%	0.18x	1.71x	฿-1.03 Billion
2022	8.61%	25.96%	0.21x	1.57x	฿-387.75 Million
2023	8.82%	27.91%	0.21x	1.53x	฿-334.63 Million
2024	7.34%	25.48%	0.19x	1.53x	฿-780.35 Million

Industry Comparison

This section compares Quality Houses Public Company Limited's net assets metrics with peer companies in the Real Estate - Development industry.

Industry Context

Industry: Real Estate - Development
Average net assets among peers: $12,160,492,474
Average return on equity (ROE) among peers: -0.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Quality Houses Public Company Limited (QH)	฿29.96 Billion	9.74%	0.47x	$450.84 Million
Areeya Property Public Company Limited (A)	$3.33 Billion	0.92%	3.29x	$147.84 Million
Amata Corporation Public Company Limited (AMATA)	$18.75 Billion	5.88%	1.14x	$738.40 Million
Amata Corporation Public Company Limited (AMATA-R)	$24.41 Billion	9.59%	0.95x	$605.77 Million
Ananda Development Public Company Limited (ANAN)	$18.47 Billion	3.81%	1.64x	$45.45 Million
AP (Thailand) Public Company Limited (AP)	$43.64 Billion	11.50%	0.95x	$843.27 Million
Baan Rock Garden Public Company Limited (BROCK)	$1.24 Billion	0.67%	0.02x	$40.57 Million
Country Group Development Public Company Limited (CGD)	$4.45 Billion	-5.66%	2.70x	$30.92 Million
Chewathai Public Company Limited (CHEWA)	$1.14 Billion	-36.18%	2.64x	$6.76 Million
Charn Issara Development Public Company Limited (CI)	$1.25 Billion	-1.42%	1.89x	$10.31 Million
Eastern Star Real Estate Public Company Limited (ESTAR)	$4.92 Billion	3.84%	0.47x	$37.57 Million

About Quality Houses Public Company Limited

BK:QH Thailand Real Estate - Development

Market Cap

$450.84 Million

฿14.46 Billion THB

Market Cap Rank

#13088 Global

#134 in Thailand

Share Price

฿1.35

Change (1 day)

+0.75%

52-Week Range

฿1.16 - ฿1.53

All Time High

฿2.50