Rojana Industrial Park Public Company Limited
Rojana Industrial Park Public Company Limited, together with its subsidiaries, engages in the manufacture and sale of electricity from solar cell system in Thailand. The company operates through Real Estate Development and Related Service, Electricity Generating, and Production and Distribution Industrial Water segments. It also offers industrial water and waste water treatment service; develops … Read more
Rojana Industrial Park Public Company Limited (ROJNA) - Net Assets
Latest net assets as of September 2025: ฿21.84 Billion THB
Based on the latest financial reports, Rojana Industrial Park Public Company Limited (ROJNA) has net assets worth ฿21.84 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 (฿46.10 Billion) and total liabilities (฿24.26 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 | ฿21.84 Billion |
| % of Total Assets | 47.38% |
| Annual Growth Rate | 10.17% |
| 5-Year Change | 13.97% |
| 10-Year Change | -8.49% |
| Growth Volatility | 23.54 |
Rojana Industrial Park Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Rojana Industrial Park 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 Rojana Industrial Park Public Company Limited (2000–2024)
The table below shows the annual net assets of Rojana Industrial Park Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿23.20 Billion | +16.41% |
| 2023-12-31 | ฿19.93 Billion | +1.93% |
| 2022-12-31 | ฿19.56 Billion | +2.76% |
| 2021-12-31 | ฿19.03 Billion | -6.54% |
| 2020-12-31 | ฿20.36 Billion | +6.83% |
| 2019-12-31 | ฿19.06 Billion | +8.36% |
| 2018-12-31 | ฿17.59 Billion | -1.40% |
| 2017-12-31 | ฿17.84 Billion | -29.14% |
| 2016-12-31 | ฿25.18 Billion | -0.72% |
| 2015-12-31 | ฿25.36 Billion | +87.45% |
| 2014-12-31 | ฿13.53 Billion | +38.47% |
| 2013-12-31 | ฿9.77 Billion | +5.31% |
| 2012-12-31 | ฿9.28 Billion | +46.93% |
| 2011-12-31 | ฿6.31 Billion | -23.21% |
| 2010-12-31 | ฿8.22 Billion | +9.32% |
| 2009-12-31 | ฿7.52 Billion | +9.33% |
| 2008-12-31 | ฿6.88 Billion | +14.75% |
| 2007-12-31 | ฿5.99 Billion | +13.10% |
| 2006-12-31 | ฿5.30 Billion | +8.20% |
| 2005-12-31 | ฿4.90 Billion | +7.57% |
| 2004-12-31 | ฿4.55 Billion | +14.21% |
| 2003-12-31 | ฿3.99 Billion | +12.58% |
| 2002-12-31 | ฿3.54 Billion | +52.40% |
| 2001-12-31 | ฿2.32 Billion | +2.45% |
| 2000-12-31 | ฿2.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rojana Industrial Park 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 1096.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿12.55 Billion | 62.06% |
| Common Stock | ฿2.02 Billion | 9.99% |
| Other Comprehensive Income | ฿203.56 Million | 1.01% |
| Other Components | ฿5.45 Billion | 26.94% |
| Total Equity | ฿20.22 Billion | 100.00% |
Rojana Industrial Park Public Company Limited Competitors by Market Cap
The table below lists competitors of Rojana Industrial Park Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suryoday Small Finance Bank Limited
NSE:SURYODAY
|
$92.64 Million |
|
Samwha Electri
KO:009470
|
$92.65 Million |
|
Hung -Gu Oil Ltd
KQ:024060
|
$92.66 Million |
|
Korea Alcohol Industrial Co. Ltd
KQ:017890
|
$92.69 Million |
|
Onewater Marine
NASDAQ:ONEW
|
$92.63 Million |
|
Celxpert Energy
TWO:3323
|
$92.62 Million |
|
HaiNan Pearl River Holdings Co Ltd Class B
SHE:200505
|
$92.61 Million |
|
Cy4gate S.p.A.
F:68H
|
$92.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rojana Industrial Park Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,118,843,872 to 20,220,847,046, a change of 3,102,003,174 (18.1%).
- Net income of 3,853,524,765 contributed positively to equity growth.
- Dividend payments of 808,047,465 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿3.85 Billion | +19.06% |
| Dividends Paid | ฿808.05 Million | -4.0% |
| Other Changes | ฿56.53 Million | +0.28% |
| Total Change | ฿- | 18.12% |
Book Value vs Market Value Analysis
This analysis compares Rojana Industrial Park 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: 0.50x
- 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 1.57x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿3.19 | ฿5.00 | x |
| 2006-12-31 | ฿3.36 | ฿5.00 | x |
| 2007-12-31 | ฿4.04 | ฿5.00 | x |
| 2008-12-31 | ฿4.39 | ฿5.00 | x |
| 2009-12-31 | ฿3.97 | ฿5.00 | x |
| 2010-12-31 | ฿3.91 | ฿5.00 | x |
| 2011-12-31 | ฿3.00 | ฿5.00 | x |
| 2012-12-31 | ฿4.74 | ฿5.00 | x |
| 2013-12-31 | ฿4.30 | ฿5.00 | x |
| 2014-12-31 | ฿6.46 | ฿5.00 | x |
| 2015-12-31 | ฿5.99 | ฿5.00 | x |
| 2016-12-31 | ฿5.88 | ฿5.00 | x |
| 2017-12-31 | ฿6.46 | ฿5.00 | x |
| 2018-12-31 | ฿6.19 | ฿5.00 | x |
| 2019-12-31 | ฿6.84 | ฿5.00 | x |
| 2020-12-31 | ฿7.29 | ฿5.00 | x |
| 2021-12-31 | ฿7.97 | ฿5.00 | x |
| 2022-12-31 | ฿8.33 | ฿5.00 | x |
| 2023-12-31 | ฿8.47 | ฿5.00 | x |
| 2024-12-31 | ฿10.01 | ฿5.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rojana Industrial Park 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): 19.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.57%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.35x
- Recent ROE (19.06%) is above the historical average (10.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 3.30% | 18.57% | 0.13x | 1.33x | ฿-152.04 Million |
| 2001 | 4.45% | 16.23% | 0.21x | 1.32x | ฿-128.95 Million |
| 2002 | 10.25% | 9.41% | 0.35x | 3.15x | ฿6.33 Million |
| 2003 | 13.45% | 12.66% | 0.31x | 3.46x | ฿96.25 Million |
| 2004 | 16.01% | 12.92% | 0.38x | 3.22x | ฿194.04 Million |
| 2005 | 20.22% | 14.57% | 0.36x | 3.81x | ฿349.31 Million |
| 2006 | 23.24% | 14.01% | 0.42x | 3.95x | ฿508.94 Million |
| 2007 | 20.56% | 14.06% | 0.33x | 4.39x | ฿474.51 Million |
| 2008 | 14.20% | 11.30% | 0.31x | 4.02x | ฿218.33 Million |
| 2009 | 13.97% | 10.98% | 0.33x | 3.83x | ฿215.21 Million |
| 2010 | 15.83% | 10.66% | 0.40x | 3.75x | ฿342.35 Million |
| 2011 | -19.61% | -13.24% | 0.24x | 6.07x | ฿-1.27 Billion |
| 2012 | 17.97% | 19.34% | 0.18x | 5.09x | ฿529.40 Million |
| 2013 | 8.63% | 6.34% | 0.29x | 4.74x | ฿-91.90 Million |
| 2014 | 7.44% | 6.37% | 0.30x | 3.90x | ฿-254.21 Million |
| 2015 | 5.86% | 4.27% | 0.21x | 6.39x | ฿-492.99 Million |
| 2016 | 0.99% | 1.19% | 0.13x | 6.57x | ฿-1.06 Billion |
| 2017 | 10.07% | 12.09% | 0.24x | 3.51x | ฿8.99 Million |
| 2018 | 5.36% | 5.73% | 0.26x | 3.58x | ฿-580.04 Million |
| 2019 | 13.30% | 14.94% | 0.25x | 3.58x | ฿456.48 Million |
| 2020 | 12.83% | 15.55% | 0.24x | 3.37x | ฿416.79 Million |
| 2021 | 12.04% | 15.43% | 0.26x | 2.98x | ฿328.58 Million |
| 2022 | 6.77% | 6.64% | 0.35x | 2.88x | ฿-543.09 Million |
| 2023 | 5.73% | 5.08% | 0.40x | 2.79x | ฿-731.74 Million |
| 2024 | 19.06% | 19.57% | 0.41x | 2.35x | ฿1.83 Billion |
Industry Comparison
This section compares Rojana Industrial Park Public Company Limited's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $26,267,961,219
- Average return on equity (ROE) among peers: 9.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rojana Industrial Park Public Company Limited (ROJNA) | ฿21.84 Billion | 3.30% | 1.11x | $92.64 Million |
| B.Grimm Power Public Company Limited (BGRIM) | $39.30 Billion | 9.55% | 2.33x | $264.68 Million |
| B GRIMM POWER PCL-NVDR (BGRIM-R) | $40.82 Billion | 8.37% | 2.66x | $305.79 Million |
| BANPU POWER (BPP-R) | $41.18 Billion | 9.26% | 0.25x | $144.89 Million |
| CK Power Public Company Limited (CKP-R) | $35.04 Billion | 1.16% | 0.91x | $184.04 Million |
| Electricity Generating Public Company Limited (EGCO) | $32.11 Billion | 12.74% | 0.91x | $766.57 Million |
| Green Tech Ventures PCL (GTV) | $3.21 Billion | -0.38% | 0.47x | $13.99 Million |
| Gulf Energy Development Public Company Limited (GULF) | $39.35 Billion | 8.77% | 1.56x | $7.28 Billion |
| Gunkul Engineering Public Company Limited (GUNKUL) | $3.36 Billion | 16.23% | 1.16x | $227.26 Million |
| Nava Nakorn Public Company Limited (NNCL) | $2.04 Billion | 16.18% | 0.66x | $24.00 Million |