Rajthanee Hospital Public Company Limited (RJH) - Net Assets
Based on the latest financial reports, Rajthanee Hospital Public Company Limited (RJH) has net assets worth ฿2.37 Billion THB (≈ $73.88 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 (฿4.25 Billion ≈ $132.43 Million USD) and total liabilities (฿1.88 Billion ≈ $58.55 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 RJH capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿2.37 Billion |
| % of Total Assets | 55.79% |
| Annual Growth Rate | 18.93% |
| 5-Year Change | 55.23% |
| 10-Year Change | 747.02% |
| Growth Volatility | 126.65 |
Rajthanee Hospital Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how Rajthanee Hospital Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Rajthanee Hospital Public Company Limite (RJH) total market value.
Annual Net Assets for Rajthanee Hospital Public Company Limited (2012–2024)
The table below shows the annual net assets of Rajthanee Hospital Public Company Limited from 2012 to 2024. Also explore Rajthanee Hospital Public Company Limite (RJH) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.33 Billion ≈ $72.63 Million |
-0.23% |
| 2023-12-31 | ฿2.34 Billion ≈ $72.80 Million |
+0.47% |
| 2022-12-31 | ฿2.32 Billion ≈ $72.46 Million |
+18.31% |
| 2021-12-31 | ฿1.96 Billion ≈ $61.25 Million |
+30.89% |
| 2020-12-31 | ฿1.50 Billion ≈ $46.79 Million |
+7.25% |
| 2019-12-31 | ฿1.40 Billion ≈ $43.63 Million |
+6.93% |
| 2018-12-31 | ฿1.31 Billion ≈ $40.80 Million |
-21.44% |
| 2017-12-31 | ฿1.67 Billion ≈ $51.94 Million |
+8.13% |
| 2016-12-31 | ฿1.54 Billion ≈ $48.03 Million |
+460.13% |
| 2015-12-31 | ฿275.12 Million ≈ $8.58 Million |
-1.98% |
| 2014-12-31 | ฿280.69 Million ≈ $8.75 Million |
-9.48% |
| 2013-12-31 | ฿310.09 Million ≈ $9.67 Million |
+6.51% |
| 2012-12-31 | ฿291.15 Million ≈ $9.07 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Rajthanee 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 424.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.02 Billion | 50.20% |
| Common Stock | ฿300.00 Million | 14.74% |
| Other Comprehensive Income | ฿200.92 Million | 9.87% |
| Other Components | ฿512.52 Million | 25.19% |
| Total Equity | ฿2.03 Billion | 100.00% |
Rajthanee Hospital Public Company Limited Competitors by Market Cap
The table below lists competitors of Rajthanee Hospital Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tectonic Metals Inc
V:TECT
|
$138.20 Million |
|
Sammok S-Form Co.Ltd
KQ:018310
|
$138.25 Million |
|
Karel Elektronik Sanayi ve Ticaret AS
IS:KAREL
|
$138.26 Million |
|
PT Mandiri Herindo Adiperkasa Tbk
JK:MAHA
|
$138.34 Million |
|
Kyungbangco.Ltd
KO:000050
|
$138.12 Million |
|
Sam Young Chem
KO:003720
|
$138.11 Million |
|
RF Acquisition Corp III Ordinary Shares
NASDAQ:RFAM
|
$138.08 Million |
|
Punjab Chemicals & Crop Protection Limited
NSE:PUNJABCHEM
|
$138.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rajthanee Hospital Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,045,270,452 to 2,034,878,497, a change of -10,391,955 (-0.5%).
- Net income of 493,038,558 contributed positively to equity growth.
- Dividend payments of 221,449,371 reduced retained earnings.
- Share repurchases of 149,241,510 reduced equity.
- Other comprehensive income increased equity by 149,241,510.
- Other factors decreased equity by 281,981,142.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿493.04 Million | +24.23% |
| Dividends Paid | ฿221.45 Million | -10.88% |
| Share Repurchases | ฿149.24 Million | -7.33% |
| Other Comprehensive Income | ฿149.24 Million | +7.33% |
| Other Changes | ฿-281.98 Million | -13.86% |
| Total Change | ฿- | -0.51% |
Book Value vs Market Value Analysis
This analysis compares Rajthanee 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: 2.22x
- 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 11.67x to 2.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿1.29 | ฿15.10 | x |
| 2013-12-31 | ฿1.38 | ฿15.10 | x |
| 2014-12-31 | ฿1.16 | ฿15.10 | x |
| 2015-12-31 | ฿1.20 | ฿15.10 | x |
| 2016-12-31 | ฿5.95 | ฿15.10 | x |
| 2017-12-31 | ฿5.30 | ฿15.10 | x |
| 2018-12-31 | ฿4.36 | ฿15.10 | x |
| 2019-12-31 | ฿4.65 | ฿15.10 | x |
| 2020-12-31 | ฿4.99 | ฿15.10 | x |
| 2021-12-31 | ฿6.52 | ฿15.10 | x |
| 2022-12-31 | ฿7.49 | ฿15.10 | x |
| 2023-12-31 | ฿6.82 | ฿15.10 | x |
| 2024-12-31 | ฿6.81 | ฿15.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rajthanee 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): 24.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.00%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.16x
- Recent ROE (24.23%) is below the historical average (30.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 40.87% | 17.20% | 1.23x | 1.94x | ฿89.87 Million |
| 2013 | 49.67% | 19.36% | 1.31x | 1.96x | ฿123.01 Million |
| 2014 | 38.29% | 10.45% | 0.84x | 4.35x | ฿73.95 Million |
| 2015 | 29.28% | 7.73% | 0.96x | 3.94x | ฿52.14 Million |
| 2016 | 10.38% | 12.79% | 0.66x | 1.22x | ฿5.62 Million |
| 2017 | 14.53% | 16.48% | 0.74x | 1.20x | ฿72.14 Million |
| 2018 | 19.49% | 16.03% | 0.84x | 1.44x | ฿123.97 Million |
| 2019 | 28.36% | 22.36% | 1.05x | 1.21x | ฿256.31 Million |
| 2020 | 27.57% | 22.23% | 0.98x | 1.27x | ฿262.88 Million |
| 2021 | 51.75% | 32.46% | 0.93x | 1.71x | ฿816.41 Million |
| 2022 | 45.89% | 30.58% | 0.89x | 1.69x | ฿804.94 Million |
| 2023 | 20.52% | 17.87% | 0.58x | 1.97x | ฿215.15 Million |
| 2024 | 24.23% | 18.00% | 0.62x | 2.16x | ฿289.55 Million |
Industry Comparison
This section compares Rajthanee 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: $9,787,596,910
- Average return on equity (ROE) among peers: 15.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rajthanee Hospital Public Company Limited (RJH) | ฿2.37 Billion | 40.87% | 0.79x | $138.13 Million |
| Aikchol Hospital Public Company Limited (AHC) | $709.44 Million | 6.36% | 0.37x | $56.54 Million |
| Bangkok Chain Hospital Public Company Limited (BCH) | $5.34 Billion | 14.11% | 0.98x | $855.01 Million |
| Bangkok Chain Hospital Public Company Limited (BCH-R) | $13.51 Billion | 22.49% | 0.47x | $1.03 Billion |
| Bangkok Dusit Medical Services Public Company Limited (BDMS) | $42.64 Billion | 14.68% | 0.79x | $10.01 Billion |
| Bumrungrad Hospital PCL (BH) | $18.84 Billion | 6.39% | 0.29x | $4.94 Billion |
| Bumrungrad Hospital Public Company Limited (BH-R) | $8.39 Billion | 31.79% | 0.89x | $4.61 Billion |
| Chularat Hospital Public Company Limited (CHG) | $3.22 Billion | 17.51% | 0.40x | $538.29 Million |
| Chularat Hospital Public Company Limited (CHG-R) | $4.19 Billion | 20.91% | 0.48x | $589.72 Million |
| Chiang Mai Ram Medical Business Public Company Limited (CMR) | $202.61 Million | 10.65% | 0.19x | $164.96 Million |
| Dental Corporation Public Company Limited (D) | $833.15 Million | 10.29% | 0.62x | $32.21 Million |
About Rajthanee Hospital Public Company Limited
Rajthanee Hospital Public Company Limited, together with its subsidiaries, provides healthcare services in Thailand. The company operates medical centers, including trauma emergency and neurosurgery, non-trauma emergency, cardiology, minimally invasive surgery, surgery, orthopedic, wellness and occupational health, radiology, MRI, ophthalmology, hemodialysis, sleep lab, dental, physical therapy, … Read more