Ramkhamhaeng Hospital Public Company Limited (RAM) - Net Assets
Based on the latest financial reports, Ramkhamhaeng Hospital Public Company Limited (RAM) has net assets worth ฿35.78 Billion THB (≈ $1.12 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿58.43 Billion ≈ $1.82 Billion USD) and total liabilities (฿22.65 Billion ≈ $706.03 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 how strategically is Ramkhamhaeng Hospital Public Company Lim's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿35.78 Billion |
| % of Total Assets | 61.23% |
| Annual Growth Rate | 16.45% |
| 5-Year Change | 65.75% |
| 10-Year Change | 250.48% |
| Growth Volatility | 17.19 |
Ramkhamhaeng Hospital Public Company Limited - Net Assets Trend (2002–2024)
This chart illustrates how Ramkhamhaeng Hospital Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Ramkhamhaeng Hospital Public Company Lim (RAM) total market value.
Annual Net Assets for Ramkhamhaeng Hospital Public Company Limited (2002–2024)
The table below shows the annual net assets of Ramkhamhaeng Hospital Public Company Limited from 2002 to 2024. Also explore Ramkhamhaeng Hospital Public Company Lim annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿26.94 Billion ≈ $839.70 Million |
-1.03% |
| 2023-12-31 | ฿27.22 Billion ≈ $848.48 Million |
-2.71% |
| 2022-12-31 | ฿27.98 Billion ≈ $872.10 Million |
+20.05% |
| 2021-12-31 | ฿23.31 Billion ≈ $726.48 Million |
+43.40% |
| 2020-12-31 | ฿16.25 Billion ≈ $506.60 Million |
+23.63% |
| 2019-12-31 | ฿13.15 Billion ≈ $409.76 Million |
+0.56% |
| 2018-12-31 | ฿13.07 Billion ≈ $407.49 Million |
+11.93% |
| 2017-12-31 | ฿11.68 Billion ≈ $364.04 Million |
+15.60% |
| 2016-12-31 | ฿10.10 Billion ≈ $314.92 Million |
+31.44% |
| 2015-12-31 | ฿7.69 Billion ≈ $239.59 Million |
+10.71% |
| 2014-12-31 | ฿6.94 Billion ≈ $216.42 Million |
+33.28% |
| 2013-12-31 | ฿5.21 Billion ≈ $162.38 Million |
+12.68% |
| 2012-12-31 | ฿4.62 Billion ≈ $144.11 Million |
+39.90% |
| 2011-12-31 | ฿3.30 Billion ≈ $103.01 Million |
+9.39% |
| 2010-12-31 | ฿3.02 Billion ≈ $94.17 Million |
+28.74% |
| 2009-12-31 | ฿2.35 Billion ≈ $73.14 Million |
+19.56% |
| 2008-12-31 | ฿1.96 Billion ≈ $61.18 Million |
-0.98% |
| 2007-12-31 | ฿1.98 Billion ≈ $61.78 Million |
+21.05% |
| 2006-12-31 | ฿1.64 Billion ≈ $51.03 Million |
+27.49% |
| 2005-12-31 | ฿1.28 Billion ≈ $40.03 Million |
-22.06% |
| 2004-12-31 | ฿1.65 Billion ≈ $51.36 Million |
+12.17% |
| 2003-12-31 | ฿1.47 Billion ≈ $45.79 Million |
+55.61% |
| 2002-12-31 | ฿944.06 Million ≈ $29.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ramkhamhaeng Hospital 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 26631.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿17.00 Billion | 92.34% |
| Common Stock | ฿120.00 Million | 0.65% |
| Other Comprehensive Income | ฿15.00 Million | 0.08% |
| Other Components | ฿1.27 Billion | 6.93% |
| Total Equity | ฿18.41 Billion | 100.00% |
Ramkhamhaeng Hospital Public Company Limited Competitors by Market Cap
The table below lists competitors of Ramkhamhaeng Hospital Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chongqing Landai Powertrain Corp Ltd
SHE:002765
|
$654.63 Million |
|
SLR Investment Corp
NASDAQ:SLRC
|
$654.66 Million |
|
Pubmatic Inc
NASDAQ:PUBM
|
$654.68 Million |
|
Gujarat State Fertilizers & Chemicals Limited
NSE:GSFC
|
$654.68 Million |
|
SIS LIMITED
NSE:SIS
|
$654.45 Million |
|
Hangzhou AGS MedTech Co. Ltd. A
SHG:688581
|
$654.43 Million |
|
Natural Grocers by Vitamin Cottage Inc
NYSE:NGVC
|
$654.27 Million |
|
JBG SMITH Properties
NYSE:JBGS
|
$654.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ramkhamhaeng Hospital Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,542,522,671 to 18,406,199,918, a change of -136,322,753 (-0.7%).
- Net income of 727,831,991 contributed positively to equity growth.
- Dividend payments of 1,003,704,058 reduced retained earnings.
- Other comprehensive income decreased equity by 1,390,396,774.
- Other factors increased equity by 1,529,946,088.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿727.83 Million | +3.95% |
| Dividends Paid | ฿1.00 Billion | -5.45% |
| Other Comprehensive Income | ฿-1.39 Billion | -7.55% |
| Other Changes | ฿1.53 Billion | +8.31% |
| Total Change | ฿- | -0.74% |
Book Value vs Market Value Analysis
This analysis compares Ramkhamhaeng Hospital 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: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 18.29x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿0.96 | ฿17.50 | x |
| 2004-12-31 | ฿1.10 | ฿17.50 | x |
| 2005-12-31 | ฿0.80 | ฿17.50 | x |
| 2006-12-31 | ฿1.01 | ฿17.50 | x |
| 2007-12-31 | ฿1.28 | ฿17.50 | x |
| 2008-12-31 | ฿1.59 | ฿17.50 | x |
| 2009-12-31 | ฿1.89 | ฿17.50 | x |
| 2010-12-31 | ฿2.46 | ฿17.50 | x |
| 2011-12-31 | ฿2.68 | ฿17.50 | x |
| 2012-12-31 | ฿3.78 | ฿17.50 | x |
| 2013-12-31 | ฿4.23 | ฿17.50 | x |
| 2014-12-31 | ฿5.58 | ฿17.50 | x |
| 2015-12-31 | ฿6.19 | ฿17.50 | x |
| 2016-12-31 | ฿8.01 | ฿17.50 | x |
| 2017-12-31 | ฿9.27 | ฿17.50 | x |
| 2018-12-31 | ฿10.07 | ฿17.50 | x |
| 2019-12-31 | ฿10.52 | ฿17.50 | x |
| 2020-12-31 | ฿2.01 | ฿17.50 | x |
| 2021-12-31 | ฿14.32 | ฿17.50 | x |
| 2022-12-31 | ฿16.16 | ฿17.50 | x |
| 2023-12-31 | ฿15.45 | ฿17.50 | x |
| 2024-12-31 | ฿15.34 | ฿17.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ramkhamhaeng Hospital 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): 3.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.38%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.24x
- Recent ROE (3.95%) is below the historical average (17.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 16.72% | 16.83% | 0.50x | 1.99x | ฿63.47 Million |
| 2003 | 15.63% | 13.81% | 0.46x | 2.46x | ฿64.60 Million |
| 2004 | 21.68% | 16.71% | 0.60x | 2.15x | ฿154.17 Million |
| 2005 | 24.16% | 11.67% | 0.73x | 2.83x | ฿134.86 Million |
| 2006 | 32.10% | 16.10% | 0.67x | 2.98x | ฿265.18 Million |
| 2007 | 23.33% | 13.54% | 0.61x | 2.81x | ฿202.67 Million |
| 2008 | 22.56% | 15.77% | 0.69x | 2.09x | ฿238.25 Million |
| 2009 | 19.90% | 18.39% | 0.58x | 1.85x | ฿225.18 Million |
| 2010 | 24.27% | 28.90% | 0.49x | 1.73x | ฿420.87 Million |
| 2011 | 28.49% | 34.97% | 0.48x | 1.69x | ฿593.70 Million |
| 2012 | 25.08% | 39.36% | 0.43x | 1.49x | ฿684.72 Million |
| 2013 | 17.40% | 30.77% | 0.37x | 1.53x | ฿375.92 Million |
| 2014 | 15.09% | 30.70% | 0.30x | 1.62x | ฿340.82 Million |
| 2015 | 13.72% | 30.00% | 0.30x | 1.52x | ฿276.00 Million |
| 2016 | 11.83% | 29.90% | 0.26x | 1.51x | ฿176.25 Million |
| 2017 | 11.93% | 34.84% | 0.23x | 1.48x | ฿215.16 Million |
| 2018 | 15.69% | 46.12% | 0.27x | 1.26x | ฿687.46 Million |
| 2019 | 11.41% | 31.57% | 0.25x | 1.46x | ฿178.43 Million |
| 2020 | 3.88% | 6.00% | 0.29x | 2.26x | ฿-739.10 Million |
| 2021 | 24.28% | 32.94% | 0.36x | 2.06x | ฿2.45 Billion |
| 2022 | 11.21% | 20.34% | 0.26x | 2.15x | ฿234.98 Million |
| 2023 | 8.37% | 16.10% | 0.23x | 2.23x | ฿-303.01 Million |
| 2024 | 3.95% | 7.38% | 0.24x | 2.24x | ฿-1.11 Billion |
Industry Comparison
This section compares Ramkhamhaeng Hospital Public Company Limited's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $7,929,501,702
- Average return on equity (ROE) among peers: 18.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ramkhamhaeng Hospital Public Company Limited (RAM) | ฿35.78 Billion | 16.72% | 0.63x | $654.55 Million |
| Aikchol Hospital Public Company Limited (AHC) | $1.55 Billion | 9.07% | 0.19x | $56.07 Million |
| Bangkok Chain Hospital Public Company Limited (BCH) | $14.21 Billion | 9.27% | 0.23x | $886.10 Million |
| Bangkok Chain Hospital Public Company Limited (BCH-R) | $4.67 Billion | 11.18% | 1.14x | $1.03 Billion |
| Bangkok Dusit Medical Services Public Company Limited (BDMS) | $12.99 Billion | 12.80% | 1.15x | $9.86 Billion |
| Bumrungrad Hospital PCL (BH) | $13.10 Billion | 26.23% | 0.63x | $4.91 Billion |
| Bumrungrad Hospital Public Company Limited (BH-R) | $14.79 Billion | 24.52% | 0.44x | $4.61 Billion |
| Chularat Hospital Public Company Limited (CHG) | $7.84 Billion | 53.62% | 0.35x | $538.29 Million |
| Chularat Hospital Public Company Limited (CHG-R) | $7.86 Billion | 35.33% | 0.31x | $589.72 Million |
| Chiang Mai Ram Medical Business Public Company Limited (CMR) | $1.81 Billion | 7.48% | 0.69x | $164.96 Million |
| Dental Corporation Public Company Limited (D) | $478.31 Million | -1.63% | 1.35x | $32.21 Million |
About Ramkhamhaeng Hospital Public Company Limited
Ramkhamhaeng Hospital Public Company Limited, together with its subsidiaries, operates as a private hospital in Thailand. The company operates in Hospital and Other segments. It also engages in the sale of medical equipment and instruments, as well as offers property development and training services. The company was founded in 1976 and is based in Bangkok, Thailand.