RPCG Public Company Limited (RPC) - Net Assets
Based on the latest financial reports, RPCG Public Company Limited (RPC) has net assets worth ฿3.77 Billion THB (≈ $117.37 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 (฿8.82 Billion ≈ $275.03 Million USD) and total liabilities (฿5.06 Billion ≈ $157.66 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 tangible equity quality of RPCG Public Company Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.77 Billion |
| % of Total Assets | 42.68% |
| Annual Growth Rate | 6.8% |
| 5-Year Change | 52.5% |
| 10-Year Change | 188.12% |
| Growth Volatility | 24.96 |
RPCG Public Company Limited - Net Assets Trend (2003–2025)
This chart illustrates how RPCG Public Company Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of RPCG Public Company Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for RPCG Public Company Limited (2003–2025)
The table below shows the annual net assets of RPCG Public Company Limited from 2003 to 2025. For live valuation and market cap data, see market cap of RPCG Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿3.77 Billion ≈ $117.37 Million |
-2.74% |
| 2024-12-31 | ฿3.87 Billion ≈ $120.67 Million |
-3.13% |
| 2023-12-31 | ฿4.00 Billion ≈ $124.57 Million |
+62.88% |
| 2022-12-31 | ฿2.45 Billion ≈ $76.48 Million |
-0.63% |
| 2021-12-31 | ฿2.47 Billion ≈ $76.96 Million |
+41.22% |
| 2020-12-31 | ฿1.75 Billion ≈ $54.50 Million |
+0.94% |
| 2019-12-31 | ฿1.73 Billion ≈ $53.99 Million |
+28.60% |
| 2018-12-31 | ฿1.35 Billion ≈ $41.99 Million |
+2.78% |
| 2017-12-31 | ฿1.31 Billion ≈ $40.85 Million |
+0.28% |
| 2016-12-31 | ฿1.31 Billion ≈ $40.74 Million |
-5.09% |
| 2015-12-31 | ฿1.38 Billion ≈ $42.92 Million |
+8.12% |
| 2014-12-31 | ฿1.27 Billion ≈ $39.70 Million |
+12.67% |
| 2013-12-31 | ฿1.13 Billion ≈ $35.23 Million |
+26.55% |
| 2012-12-31 | ฿893.22 Million ≈ $27.84 Million |
-42.30% |
| 2011-12-31 | ฿1.55 Billion ≈ $48.25 Million |
+5.26% |
| 2010-12-31 | ฿1.47 Billion ≈ $45.84 Million |
+29.05% |
| 2009-12-31 | ฿1.14 Billion ≈ $35.52 Million |
+45.06% |
| 2008-12-31 | ฿785.68 Million ≈ $24.49 Million |
-47.53% |
| 2007-12-31 | ฿1.50 Billion ≈ $46.67 Million |
+21.72% |
| 2006-12-31 | ฿1.23 Billion ≈ $38.34 Million |
+0.28% |
| 2005-12-31 | ฿1.23 Billion ≈ $38.24 Million |
+4.84% |
| 2004-12-31 | ฿1.17 Billion ≈ $36.47 Million |
+32.08% |
| 2003-12-31 | ฿885.89 Million ≈ $27.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to RPCG 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 681.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿732.42 Million | 32.08% |
| Other Components | ฿1.55 Billion | 67.92% |
| Total Equity | ฿2.28 Billion | 100.00% |
RPCG Public Company Limited Competitors by Market Cap
The table below lists competitors of RPCG Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Honkarakenne Oyj B
HE:HONBS
|
$14.64 Million |
|
Leyand International Tbk
JK:LAPD
|
$14.64 Million |
|
Ever Shine Textile Industry
JK:ESTI
|
$14.64 Million |
|
Cheetah Holdings Bhd
KLSE:7209
|
$14.65 Million |
|
Majuperak Holdings Bhd
KLSE:8141
|
$14.64 Million |
|
StarFlex Co. Ltd
KQ:115570
|
$14.62 Million |
|
VisDynamics Holdings Bhd
KLSE:0120
|
$14.62 Million |
|
Fat Prophets Global Property Fund
AU:FPP
|
$14.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RPCG Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,352,168,578 to 2,282,813,441, a change of -69,355,137 (-2.9%).
- Net loss of 52,750,165 reduced equity.
- Dividend payments of 13,046,378 reduced retained earnings.
- Other comprehensive income decreased equity by 248,423,666.
- Other factors increased equity by 244,865,072.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-52.75 Million | -2.31% |
| Dividends Paid | ฿13.05 Million | -0.57% |
| Other Comprehensive Income | ฿-248.42 Million | -10.88% |
| Other Changes | ฿244.87 Million | +10.73% |
| Total Change | ฿- | -2.95% |
Book Value vs Market Value Analysis
This analysis compares RPCG 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: 0.21x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿1.82 | ฿0.36 | x |
| 2005-12-31 | ฿1.91 | ฿0.36 | x |
| 2006-12-31 | ฿1.91 | ฿0.36 | x |
| 2007-12-31 | ฿2.36 | ฿0.36 | x |
| 2008-12-31 | ฿1.33 | ฿0.36 | x |
| 2009-12-31 | ฿1.93 | ฿0.36 | x |
| 2010-12-31 | ฿2.35 | ฿0.36 | x |
| 2011-12-31 | ฿2.44 | ฿0.36 | x |
| 2012-12-31 | ฿1.41 | ฿0.36 | x |
| 2013-12-31 | ฿1.65 | ฿0.36 | x |
| 2014-12-31 | ฿1.02 | ฿0.36 | x |
| 2015-12-31 | ฿1.04 | ฿0.36 | x |
| 2016-12-31 | ฿0.99 | ฿0.36 | x |
| 2017-12-31 | ฿0.99 | ฿0.36 | x |
| 2018-12-31 | ฿1.02 | ฿0.36 | x |
| 2019-12-31 | ฿1.32 | ฿0.36 | x |
| 2020-12-31 | ฿1.34 | ฿0.36 | x |
| 2021-12-31 | ฿1.89 | ฿0.36 | x |
| 2022-12-31 | ฿1.88 | ฿0.36 | x |
| 2023-12-31 | ฿1.90 | ฿0.36 | x |
| 2024-12-31 | ฿1.80 | ฿0.36 | x |
| 2025-12-31 | ฿1.75 | ฿0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RPCG 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): -2.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.63%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 3.87x
- Recent ROE (-2.31%) is below the historical average (5.91%), 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 | 26.61% | 2.88% | 4.07x | 2.27x | ฿147.14 Million |
| 2004 | 37.89% | 4.32% | 3.53x | 2.49x | ฿312.31 Million |
| 2005 | 31.08% | 2.50% | 4.96x | 2.51x | ฿248.99 Million |
| 2006 | 15.45% | 0.94% | 5.88x | 2.80x | ฿64.67 Million |
| 2007 | 27.19% | 1.93% | 5.39x | 2.62x | ฿253.31 Million |
| 2008 | -61.17% | -2.11% | 7.35x | 3.94x | ฿-559.19 Million |
| 2009 | 30.12% | 2.15% | 4.17x | 3.36x | ฿222.58 Million |
| 2010 | 14.48% | 1.01% | 4.52x | 3.17x | ฿61.71 Million |
| 2011 | 11.08% | 0.71% | 5.95x | 2.64x | ฿16.60 Million |
| 2012 | -15.10% | -1.96% | 2.53x | 3.04x | ฿-222.07 Million |
| 2013 | -12.52% | -4.10% | 1.16x | 2.64x | ฿-251.04 Million |
| 2014 | -20.00% | -7.60% | 1.10x | 2.39x | ฿-377.27 Million |
| 2015 | 7.36% | 4.14% | 0.73x | 2.45x | ฿-35.98 Million |
| 2016 | -5.36% | -3.07% | 0.71x | 2.45x | ฿-198.51 Million |
| 2017 | -2.83% | -1.50% | 0.78x | 2.41x | ฿-166.36 Million |
| 2018 | -0.67% | -0.27% | 0.92x | 2.65x | ฿-142.26 Million |
| 2019 | 22.15% | 8.89% | 1.05x | 2.36x | ฿208.91 Million |
| 2020 | 2.54% | 1.06% | 0.90x | 2.66x | ฿-130.52 Million |
| 2021 | 29.33% | 13.22% | 1.38x | 1.61x | ฿477.37 Million |
| 2022 | 2.61% | 0.82% | 1.89x | 1.68x | ฿-181.37 Million |
| 2023 | 1.12% | 0.27% | 1.14x | 3.64x | ฿-220.11 Million |
| 2024 | -3.06% | -0.81% | 0.93x | 4.05x | ฿-307.14 Million |
| 2025 | -2.31% | -0.63% | 0.95x | 3.87x | ฿-281.03 Million |
Industry Comparison
This section compares RPCG Public Company Limited's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $4,189,740,087
- Average return on equity (ROE) among peers: 4542.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RPCG Public Company Limited (RPC) | ฿3.77 Billion | 26.61% | 1.34x | $14.64 Million |
| Beauty Community Public Company Limited (BEAUTY) | $14.89 Million | 0.00% | 11.09x | $35.46 Million |
| Big Camera Corporation Public Company Limited (BIG) | $2.65 Million | 40773.68% | 6.99x | $34.10 Million |
| Com7 PCL (COM7) | $2.78 Billion | 32.09% | 1.73x | $2.00 Billion |
| Com7 Public Company Limited (COM7-R) | $1.76 Billion | 15.22% | 1.49x | $1.85 Billion |
| Jay Mart Public Company Limited (JMART) | $2.10 Billion | 16.67% | 1.95x | $403.83 Million |
| PTG Energy PCL (PTG) | $8.93 Billion | 10.58% | 4.26x | $387.79 Million |
| SE-Education Public Company Limited (SE-ED) | $785.01 Million | 30.96% | 1.91x | $20.77 Million |
| Singer Thailand Public Company Limited (SINGER-R) | $18.31 Billion | 5.14% | 0.41x | $176.57 Million |
| TWZ Corporation Public Company Limited (TWZ) | $3.03 Billion | -0.29% | 0.90x | $9.90 Million |
About RPCG Public Company Limited
RPCG Public Company Limited, together with its subsidiaries, engages in the energy and real estate businesses in Thailand. It operates through Energy, Real Estate Development, Rental, Service, and Restaurant and Bakery segments. The company is involved in the manufacture and distribution of biodiesel and crude glycerin; Pico plus business; retail of fuel and gas through a network of gas stations;… Read more