Qualitech Public Company Limited
Qualitech Public Company Limited provides non-destructive testing, inspection, and certification services for welding and metal works, and equipment in Thailand and internationally. The company offers technical services testing, inspection, and certification for operation safety of industry equipment, pressure vessels, industrial boilers, piping, and steel structures; asset integrity and plant in… Read more
Qualitech Public Company Limited (QLT) - Net Assets
Latest net assets as of September 2025: ฿279.90 Million THB
Based on the latest financial reports, Qualitech Public Company Limited (QLT) has net assets worth ฿279.90 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 (฿365.44 Million) and total liabilities (฿85.54 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 | ฿279.90 Million |
| % of Total Assets | 76.59% |
| Annual Growth Rate | 4.99% |
| 5-Year Change | -36.7% |
| 10-Year Change | -36.86% |
| Growth Volatility | 18.43 |
Qualitech Public Company Limited - Net Assets Trend (2008–2024)
This chart illustrates how Qualitech Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Qualitech Public Company Limited (2008–2024)
The table below shows the annual net assets of Qualitech Public Company Limited from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿283.04 Million | -4.28% |
| 2023-12-31 | ฿295.70 Million | -33.28% |
| 2022-12-31 | ฿443.18 Million | +1.38% |
| 2021-12-31 | ฿437.15 Million | -2.24% |
| 2020-12-31 | ฿447.15 Million | -2.05% |
| 2019-12-31 | ฿456.50 Million | +4.10% |
| 2018-12-31 | ฿438.50 Million | -2.54% |
| 2017-12-31 | ฿449.92 Million | +1.34% |
| 2016-12-31 | ฿443.97 Million | -0.96% |
| 2015-12-31 | ฿448.28 Million | +7.25% |
| 2014-12-31 | ฿417.97 Million | +15.95% |
| 2013-12-31 | ฿360.47 Million | +6.24% |
| 2012-12-31 | ฿339.30 Million | +18.93% |
| 2011-12-31 | ฿285.29 Million | +19.91% |
| 2010-12-31 | ฿237.92 Million | +14.30% |
| 2009-12-31 | ฿208.15 Million | +60.39% |
| 2008-12-31 | ฿129.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qualitech 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 47.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿88.07 Million | 31.11% |
| Common Stock | ฿98.57 Million | 34.83% |
| Other Comprehensive Income | ฿10.35 Million | 3.66% |
| Other Components | ฿86.06 Million | 30.40% |
| Total Equity | ฿283.04 Million | 100.00% |
Qualitech Public Company Limited Competitors by Market Cap
The table below lists competitors of Qualitech Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hudaco
JSE:HDC
|
$2.93 Million |
|
Mitra Angkasa Sejahtera PT Tbk
JK:BAUT
|
$2.93 Million |
|
Tlou Energy Ltd
AU:TOU
|
$2.93 Million |
|
Morella Corporation Ltd
AU:1MC
|
$2.93 Million |
|
BeijingWest Industries International Limited
PINK:NFGRF
|
$2.93 Million |
|
Polar Power Inc
NASDAQ:POLA
|
$2.93 Million |
|
NORWEGIAN BLOCK EXC.NK08
F:9Q3
|
$2.93 Million |
|
Rumble Resources Limited
PINK:RTRFF
|
$2.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qualitech Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 295,881,979 to 283,038,753, a change of -12,843,226 (-4.3%).
- Net loss of 10,284,482 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-10.28 Million | -3.63% |
| Other Changes | ฿-2.56 Million | -0.9% |
| Total Change | ฿- | -4.34% |
Book Value vs Market Value Analysis
This analysis compares Qualitech 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: 0.54x
- 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 0.84x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | ฿1.85 | ฿1.55 | x |
| 2009-12-31 | ฿2.43 | ฿1.55 | x |
| 2010-12-31 | ฿2.52 | ฿1.55 | x |
| 2011-12-31 | ฿3.02 | ฿1.55 | x |
| 2012-12-31 | ฿3.54 | ฿1.55 | x |
| 2013-12-31 | ฿3.70 | ฿1.55 | x |
| 2014-12-31 | ฿4.27 | ฿1.55 | x |
| 2015-12-31 | ฿4.55 | ฿1.55 | x |
| 2016-12-31 | ฿4.50 | ฿1.55 | x |
| 2017-12-31 | ฿4.56 | ฿1.55 | x |
| 2018-12-31 | ฿4.45 | ฿1.55 | x |
| 2019-12-31 | ฿4.63 | ฿1.55 | x |
| 2020-12-31 | ฿4.54 | ฿1.55 | x |
| 2021-12-31 | ฿4.40 | ฿1.55 | x |
| 2022-12-31 | ฿4.44 | ฿1.55 | x |
| 2023-12-31 | ฿3.00 | ฿1.55 | x |
| 2024-12-31 | ฿2.87 | ฿1.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qualitech 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): -3.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.43%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 1.29x
- Recent ROE (-3.63%) is below the historical average (13.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 43.93% | 23.43% | 1.44x | 1.30x | ฿44.03 Million |
| 2009 | 33.63% | 25.17% | 1.17x | 1.14x | ฿49.19 Million |
| 2010 | 25.75% | 22.12% | 1.04x | 1.12x | ฿37.48 Million |
| 2011 | 32.68% | 26.37% | 1.03x | 1.20x | ฿64.63 Million |
| 2012 | 27.79% | 23.32% | 1.01x | 1.18x | ฿60.02 Million |
| 2013 | 23.27% | 21.03% | 0.92x | 1.20x | ฿47.62 Million |
| 2014 | 25.21% | 20.94% | 0.99x | 1.21x | ฿63.28 Million |
| 2015 | 23.17% | 20.34% | 0.95x | 1.20x | ฿58.97 Million |
| 2016 | 9.84% | 9.80% | 0.88x | 1.14x | ฿-720.17K |
| 2017 | 5.87% | 6.20% | 0.84x | 1.13x | ฿-18.56 Million |
| 2018 | 2.29% | 2.75% | 0.75x | 1.11x | ฿-33.80 Million |
| 2019 | 11.16% | 10.68% | 0.88x | 1.19x | ฿5.29 Million |
| 2020 | 7.12% | 7.55% | 0.82x | 1.16x | ฿-12.90 Million |
| 2021 | 1.52% | 1.70% | 0.77x | 1.17x | ฿-36.73 Million |
| 2022 | 4.08% | 3.92% | 0.87x | 1.20x | ฿-25.92 Million |
| 2023 | -47.77% | -33.05% | 1.09x | 1.32x | ฿-170.92 Million |
| 2024 | -3.63% | -2.43% | 1.16x | 1.29x | ฿-38.59 Million |
Industry Comparison
This section compares Qualitech Public Company Limited's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $430,090,408
- Average return on equity (ROE) among peers: 9.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qualitech Public Company Limited (QLT) | ฿279.90 Million | 43.93% | 0.31x | $2.93 Million |
| ARIP Public Company Limited (ARIP) | $213.40 Million | 2.44% | 0.21x | $2.18 Million |
| Eastern Power Group Public Company Limited (EP) | $673.40 Million | 17.93% | 0.15x | $8.74 Million |
| Global Service Center Public Company Limited (GSC) | $19.90 Million | 23.01% | 1.15x | $1.36 Million |
| Kingsmen C.M.T.I. Public Company Limited (K) | $401.04 Million | 13.35% | 0.62x | $4.03 Million |
| NICE CALL PUBLIC COMPANY LIMITED (NCP) | $88.13 Million | 22.94% | 0.33x | $1.57 Million |
| PEER FOR YOU PUBLIC COMPANY LIMITED (PEER) | $563.01 Million | -8.68% | 0.24x | $2.06 Million |
| Salee Printing Public Company Limited (SLP) | $850.51 Million | 7.14% | 0.15x | $3.61 Million |
| T.K.S. Technologies Public Company Limited (TKS) | $838.45 Million | 7.54% | 2.04x | $50.05 Million |
| VS_VISERVE ENTERPRISE (VS) | $222.96 Million | -3.62% | 0.15x | $824.65K |