Master Ad Public Company Limited
Roctec Global Public Company Limited, together with its subsidiaries, provides system integration services and advertising services in Thailand, Hong Kong, and Vietnam. The company offers data network infrastructure solutions, such as telecommunications systems and network security infrastructure; cyber security solutions, including in-train CCTV system, and integrated speed and position supervis… Read more
Master Ad Public Company Limited (ROCTEC) - Net Assets
Latest net assets as of September 2025: ฿4.77 Billion THB
Based on the latest financial reports, Master Ad Public Company Limited (ROCTEC) has net assets worth ฿4.77 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿7.17 Billion) and total liabilities (฿2.40 Billion). 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 | ฿4.77 Billion |
| % of Total Assets | 66.51% |
| Annual Growth Rate | 12.51% |
| 5-Year Change | 67.2% |
| 10-Year Change | 532.6% |
| Growth Volatility | 22.19 |
Master Ad Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how Master Ad 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 Master Ad Public Company Limited (2003–2024)
The table below shows the annual net assets of Master Ad Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿4.72 Billion | +3.72% |
| 2023-12-31 | ฿4.55 Billion | +6.45% |
| 2022-12-31 | ฿4.27 Billion | +0.11% |
| 2021-12-31 | ฿4.27 Billion | +51.26% |
| 2020-12-31 | ฿2.82 Billion | -6.76% |
| 2019-12-31 | ฿3.02 Billion | +11.27% |
| 2018-12-31 | ฿2.72 Billion | +81.99% |
| 2017-12-31 | ฿1.49 Billion | +28.92% |
| 2016-12-31 | ฿1.16 Billion | +55.44% |
| 2015-12-31 | ฿745.36 Million | +10.43% |
| 2014-12-31 | ฿674.96 Million | -4.77% |
| 2013-12-31 | ฿708.76 Million | +19.15% |
| 2012-12-31 | ฿594.86 Million | +16.46% |
| 2011-12-31 | ฿510.77 Million | +5.67% |
| 2010-12-31 | ฿483.37 Million | -5.03% |
| 2009-12-31 | ฿508.98 Million | +4.24% |
| 2008-12-31 | ฿488.26 Million | -6.34% |
| 2007-12-31 | ฿521.33 Million | +2.91% |
| 2006-12-31 | ฿506.59 Million | +2.77% |
| 2005-12-31 | ฿492.91 Million | +11.83% |
| 2004-12-31 | ฿440.79 Million | +11.15% |
| 2003-12-31 | ฿396.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Master Ad 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 632.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿539.06 Million | 12.57% |
| Other Components | ฿3.75 Billion | 87.43% |
| Total Equity | ฿4.29 Billion | 100.00% |
Master Ad Public Company Limited Competitors by Market Cap
The table below lists competitors of Master Ad Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CORA GOLD LTD O.N.
F:C0J
|
$30.87 Million |
|
ad pepper media International N.V
XETRA:APM
|
$30.90 Million |
|
GenMont Biotech Inc
TW:3164
|
$30.93 Million |
|
Catering International & Services S.A.
PA:ALCIS
|
$30.94 Million |
|
Srithai Superware Public Company Limited
BK:SITHAI
|
$30.82 Million |
|
Samick Music I
KO:002450
|
$30.81 Million |
|
Klotho Neurosciences, Inc.
NASDAQ:KLTO
|
$30.81 Million |
|
TIME FINANCE LS -0006818
F:B5D1
|
$30.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Master Ad Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,120,279,759 to 4,288,042,442, a change of 167,762,683 (4.1%).
- Net income of 340,136,883 contributed positively to equity growth.
- Dividend payments of 105,530,934 reduced retained earnings.
- Other factors decreased equity by 66,843,266.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿340.14 Million | +7.93% |
| Dividends Paid | ฿105.53 Million | -2.46% |
| Other Changes | ฿-66.84 Million | -1.56% |
| Total Change | ฿- | 4.07% |
Book Value vs Market Value Analysis
This analysis compares Master Ad 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 7.23x 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 |
|---|---|---|---|
| 2017-12-31 | ฿0.08 | ฿0.60 | x |
| 2018-12-31 | ฿0.12 | ฿0.60 | x |
| 2019-12-31 | ฿0.13 | ฿0.60 | x |
| 2020-12-31 | ฿0.43 | ฿0.60 | x |
| 2021-12-31 | ฿0.48 | ฿0.60 | x |
| 2022-12-31 | ฿0.48 | ฿0.60 | x |
| 2023-12-31 | ฿0.51 | ฿0.60 | x |
| 2024-12-31 | ฿0.53 | ฿0.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Master Ad 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): 7.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.28%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.67x
- Recent ROE (7.93%) is below the historical average (10.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 17.69% | 17.36% | 0.69x | 1.48x | ฿28.29 Million |
| 2004 | 21.01% | 15.95% | 0.87x | 1.51x | ฿44.30 Million |
| 2005 | 15.24% | 12.33% | 0.80x | 1.55x | ฿23.04 Million |
| 2006 | 6.82% | 5.61% | 0.80x | 1.53x | ฿-14.10 Million |
| 2007 | 6.34% | 5.95% | 0.71x | 1.51x | ฿-16.24 Million |
| 2008 | 8.14% | 7.69% | 0.79x | 1.33x | ฿-8.37 Million |
| 2009 | 8.42% | 8.46% | 0.76x | 1.31x | ฿-7.32 Million |
| 2010 | 13.44% | 12.97% | 0.80x | 1.29x | ฿16.57 Million |
| 2011 | 19.24% | 15.42% | 0.90x | 1.39x | ฿47.06 Million |
| 2012 | 23.49% | 19.05% | 0.98x | 1.26x | ฿80.13 Million |
| 2013 | 25.17% | 23.98% | 0.85x | 1.24x | ฿104.73 Million |
| 2014 | 20.27% | 21.46% | 0.74x | 1.28x | ฿67.63 Million |
| 2015 | 23.40% | 23.73% | 0.80x | 1.23x | ฿97.72 Million |
| 2016 | 9.15% | 13.88% | 0.45x | 1.46x | ฿-9.46 Million |
| 2017 | 15.48% | 23.70% | 0.46x | 1.41x | ฿78.22 Million |
| 2018 | 10.78% | 15.72% | 0.42x | 1.62x | ฿19.75 Million |
| 2019 | 5.90% | 5.44% | 0.61x | 1.79x | ฿-111.38 Million |
| 2020 | -32.68% | -58.41% | 0.24x | 2.35x | ฿-1.30 Billion |
| 2021 | 0.86% | 1.57% | 0.33x | 1.64x | ฿-358.74 Million |
| 2022 | 3.46% | 5.20% | 0.40x | 1.66x | ฿-252.84 Million |
| 2023 | 5.65% | 10.03% | 0.33x | 1.70x | ฿-179.38 Million |
| 2024 | 7.93% | 12.28% | 0.39x | 1.67x | ฿-88.67 Million |
Industry Comparison
This section compares Master Ad Public Company Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $948,000,967
- Average return on equity (ROE) among peers: 16.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Master Ad Public Company Limited (ROCTEC) | ฿4.77 Billion | 17.69% | 0.50x | $30.85 Million |
| Advanced Information Technology Public Company Limited (AIT) | $2.93 Billion | 13.48% | 1.20x | $109.65 Million |
| Beryl 8 Plus Public Company Limited (BE8) | $78.06 Million | 30.29% | 2.57x | $10.83 Million |
| Ditto (Thailand) Public Company Limited (DITTO) | $261.38 Million | 21.53% | 1.58x | $133.67 Million |
| DITTO (THAILAND) (DITTO-R) | $2.46 Billion | 13.61% | 0.36x | $174.47 Million |
| G-Able PCL (GABLE) | $2.01 Billion | 8.27% | 1.09x | $21.78 Million |
| I2 Enterprise Public Company Limited (I2) | $250.43 Million | 17.96% | 2.26x | $1.98 Million |
| I&I Group Public Company Limited (IIG) | $-21.04 Million | 0.00% | 0.00x | $3.22 Million |
| Infraset Public Company Limited (INSET) | $839.14 Million | 16.15% | 0.59x | $38.30 Million |
| International Research Corporation Public Company Limited (IRCP) | $489.44 Million | 27.29% | 1.68x | $3.46 Million |
| International Network System PCL (ITNS) | $188.33 Million | 17.30% | 0.40x | $3.47 Million |