Master Ad Public Company Limited Net Assets

Latest as of December 2025: ฿4.89 Billion THB ≈ $152.35 Million USD

Master Ad Public Company Limited net assets. Based on the latest financial reports, Master Ad Public Company Limited (ROCTEC) has net assets worth ฿4.89 Billion THB (≈ $152.35 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿7.32 Billion ≈ $228.27 Million USD) and total liabilities (฿2.44 Billion ≈ $75.92 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. Also explore Master Ad Public Company Limited (ROCTEC) equity growth momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿4.89 Billion
% of Total Assets	66.74%
Annual Growth Rate	12.51%
5-Year Change	67.2%
10-Year Change	532.6%
Growth Volatility	22.19

Net Assets of Master Ad Public Company Limited (2003–2024)

Net assets of Master Ad Public Company Limited from 2003 to 2024. This chart illustrates how Master Ad Public Company Limited's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Master Ad Public Company Limited to measure how much of total assets are equity-financed.

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. For live market cap and overall valuation, see market value of Master Ad Public Company Limited.

Year	Net Assets	Change
2024-12-31	฿4.72 Billion ≈ $146.97 Million	+3.72%
2023-12-31	฿4.55 Billion ≈ $141.69 Million	+6.45%
2022-12-31	฿4.27 Billion ≈ $133.10 Million	+0.11%
2021-12-31	฿4.27 Billion ≈ $132.95 Million	+51.26%
2020-12-31	฿2.82 Billion ≈ $87.90 Million	-6.76%
2019-12-31	฿3.02 Billion ≈ $94.27 Million	+11.27%
2018-12-31	฿2.72 Billion ≈ $84.72 Million	+81.99%
2017-12-31	฿1.49 Billion ≈ $46.55 Million	+28.92%
2016-12-31	฿1.16 Billion ≈ $36.11 Million	+55.44%
2015-12-31	฿745.36 Million ≈ $23.23 Million	+10.43%
2014-12-31	฿674.96 Million ≈ $21.04 Million	-4.77%
2013-12-31	฿708.76 Million ≈ $22.09 Million	+19.15%
2012-12-31	฿594.86 Million ≈ $18.54 Million	+16.46%
2011-12-31	฿510.77 Million ≈ $15.92 Million	+5.67%
2010-12-31	฿483.37 Million ≈ $15.07 Million	-5.03%
2009-12-31	฿508.98 Million ≈ $15.86 Million	+4.24%
2008-12-31	฿488.26 Million ≈ $15.22 Million	-6.34%
2007-12-31	฿521.33 Million ≈ $16.25 Million	+2.91%
2006-12-31	฿506.59 Million ≈ $15.79 Million	+2.77%
2005-12-31	฿492.91 Million ≈ $15.36 Million	+11.83%
2004-12-31	฿440.79 Million ≈ $13.74 Million	+11.15%
2003-12-31	฿396.56 Million ≈ $12.36 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.

Master Ad Public Company Limited Net Assets Breakdown (December 2024)

Master Ad Public Company Limited net assets breakdown by equity component as of 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
Bank Rakyat Indonesia Agroniaga JK:AGRO	$149.32 Million
Oramed Pharmaceuticals Inc NASDAQ:ORMP	$149.38 Million
Vince Holding Corp. Common Stock NASDAQ:VNCE	$149.38 Million
CONPET SA RO:COTE	$149.49 Million
Stratus Properties Inc NASDAQ:STRS	$149.28 Million
Pinago Utama Tbk Pt JK:PNGO	$149.24 Million
Rexon Industrial Corp Ltd TW:1515	$149.22 Million
Namyong Terminal PCL BK:NYT	$149.19 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: 1.12x
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 7.11x to 1.12x 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	฿0.59	x
2018-12-31	฿0.12	฿0.59	x
2019-12-31	฿0.13	฿0.59	x
2020-12-31	฿0.43	฿0.59	x
2021-12-31	฿0.48	฿0.59	x
2022-12-31	฿0.48	฿0.59	x
2023-12-31	฿0.51	฿0.59	x
2024-12-31	฿0.53	฿0.59	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: $1,217,818,340
Average return on equity (ROE) among peers: 9.27%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Master Ad Public Company Limited (ROCTEC)	฿4.89 Billion	17.69%	0.50x	$149.29 Million
Advanced Information Technology Public Company Limited (AIT)	$812.52 Million	11.56%	0.57x	$225.08 Million
DITTO (THAILAND) (DITTO-R)	$1.03 Billion	19.43%	0.30x	$315.78 Million
Internet Thailand Public Company Limited (INET)	$491.62 Million	0.62%	0.72x	$67.33 Million
International Research Corporation Public Company Limited (IRCP)	$317.90 Million	5.84%	1.53x	$5.64 Million
MFEC PCL (MFEC)	$2.62 Billion	10.37%	1.64x	$84.62 Million
Premier Technology Public Company Limited (PT)	$242.26 Million	12.39%	2.30x	$99.99 Million
Samart Corporation Public Company Limited (SAMART)	$3.15 Billion	3.85%	2.19x	$170.98 Million
Sky ICT Public Company Limited (SKY)	$1.08 Billion	10.09%	1.96x	$355.48 Million

About Master Ad Public Company Limited

BK:ROCTEC Thailand Information Technology Services

Market Cap

$149.29 Million

฿4.79 Billion THB

Market Cap Rank

#17502 Global

#234 in Thailand

Share Price

฿0.59

Change (1 day)

-7.81%

52-Week Range

฿0.51 - ฿0.74

All Time High

฿1.62