Rojana Industrial Park Public Company Limited (ROJNA) - Net Assets

Latest as of September 2025: ฿21.84 Billion THB ≈ $680.83 Million USD

Based on the latest financial reports, Rojana Industrial Park Public Company Limited (ROJNA) has net assets worth ฿21.84 Billion THB (≈ $680.83 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 (฿46.10 Billion ≈ $1.44 Billion USD) and total liabilities (฿24.26 Billion ≈ $756.03 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 Rojana Industrial Park Public Company Li asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Rojana Industrial Park Public Company Li (ROJNA) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Rojana Industrial Park Public Company Li market capitalisation.

Year	Net Assets	Change
2024-12-31	฿23.20 Billion ≈ $723.28 Million	+16.41%
2023-12-31	฿19.93 Billion ≈ $621.32 Million	+1.93%
2022-12-31	฿19.56 Billion ≈ $609.53 Million	+2.76%
2021-12-31	฿19.03 Billion ≈ $593.14 Million	-6.54%
2020-12-31	฿20.36 Billion ≈ $634.64 Million	+6.83%
2019-12-31	฿19.06 Billion ≈ $594.08 Million	+8.36%
2018-12-31	฿17.59 Billion ≈ $548.23 Million	-1.40%
2017-12-31	฿17.84 Billion ≈ $556.03 Million	-29.14%
2016-12-31	฿25.18 Billion ≈ $784.69 Million	-0.72%
2015-12-31	฿25.36 Billion ≈ $790.39 Million	+87.45%
2014-12-31	฿13.53 Billion ≈ $421.66 Million	+38.47%
2013-12-31	฿9.77 Billion ≈ $304.51 Million	+5.31%
2012-12-31	฿9.28 Billion ≈ $289.15 Million	+46.93%
2011-12-31	฿6.31 Billion ≈ $196.79 Million	-23.21%
2010-12-31	฿8.22 Billion ≈ $256.27 Million	+9.32%
2009-12-31	฿7.52 Billion ≈ $234.42 Million	+9.33%
2008-12-31	฿6.88 Billion ≈ $214.42 Million	+14.75%
2007-12-31	฿5.99 Billion ≈ $186.86 Million	+13.10%
2006-12-31	฿5.30 Billion ≈ $165.21 Million	+8.20%
2005-12-31	฿4.90 Billion ≈ $152.69 Million	+7.57%
2004-12-31	฿4.55 Billion ≈ $141.95 Million	+14.21%
2003-12-31	฿3.99 Billion ≈ $124.29 Million	+12.58%
2002-12-31	฿3.54 Billion ≈ $110.40 Million	+52.40%
2001-12-31	฿2.32 Billion ≈ $72.44 Million	+2.45%
2000-12-31	฿2.27 Billion ≈ $70.71 Million	--

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
Palladyne AI Corp NASDAQ:PDYN	$294.78 Million
KC Co. Ltd KO:029460	$294.96 Million
Relais Group Oyj HE:RELAIS	$294.97 Million
NervGen Pharma Corp V:NGEN	$295.10 Million
MTM Critical Metals Ltd AU:MTM	$294.57 Million
Jiangxi Haiyuan Composites Technology Co Ltd SHE:002529	$294.48 Million
Ngx Energy International Corp V:GASX	$294.42 Million
Pihlajalinna Oy HE:PIHLIS	$294.35 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: 0.47x
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 1.47x to 0.47x 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	฿4.68	x
2006-12-31	฿3.36	฿4.68	x
2007-12-31	฿4.04	฿4.68	x
2008-12-31	฿4.39	฿4.68	x
2009-12-31	฿3.97	฿4.68	x
2010-12-31	฿3.91	฿4.68	x
2011-12-31	฿3.00	฿4.68	x
2012-12-31	฿4.74	฿4.68	x
2013-12-31	฿4.30	฿4.68	x
2014-12-31	฿6.46	฿4.68	x
2015-12-31	฿5.99	฿4.68	x
2016-12-31	฿5.88	฿4.68	x
2017-12-31	฿6.46	฿4.68	x
2018-12-31	฿6.19	฿4.68	x
2019-12-31	฿6.84	฿4.68	x
2020-12-31	฿7.29	฿4.68	x
2021-12-31	฿7.97	฿4.68	x
2022-12-31	฿8.33	฿4.68	x
2023-12-31	฿8.47	฿4.68	x
2024-12-31	฿10.01	฿4.68	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: $30,097,670,952
Average return on equity (ROE) among peers: 9.56%

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	$294.73 Million
B.Grimm Power Public Company Limited (BGRIM)	$42.17 Billion	-2.13%	3.05x	$1.05 Billion
Banpu Power Public Company Limited (BPP)	$49.58 Billion	6.31%	0.51x	$1.13 Billion
BANPU POWER (BPP-R)	$13.13 Billion	13.61%	0.46x	$821.71 Million
CK Power Public Company Limited (CKP)	$26.10 Billion	1.81%	0.89x	$587.86 Million
CK Power Public Company Limited (CKP-R)	$37.94 Billion	6.42%	0.84x	$689.15 Million
Electricity Generating Public Company Limited (EGCO)	$42.00 Billion	20.01%	0.28x	$1.85 Billion
Gulf Energy Development Public Company Limited (GULF)	$44.79 Billion	6.76%	1.76x	$26.78 Billion
Gunkul Engineering Public Company Limited (GUNKUL)	$12.48 Billion	27.35%	2.69x	$782.87 Million
Nava Nakorn Public Company Limited (NNCL)	$2.70 Billion	5.92%	0.45x	$100.23 Million

About Rojana Industrial Park Public Company Limited

BK:ROJNA Thailand Utilities - Independent Power Producers

Market Cap

$294.73 Million

฿9.46 Billion THB

Market Cap Rank

#15028 Global

#163 in Thailand

Share Price

฿4.68

Change (1 day)

-10.86%

52-Week Range

฿4.14 - ฿5.65

All Time High

฿7.83