Right Tunnelling Public Company Limited
Right Tunnelling Public Company Limited, together with its subsidiaries, engages in the provision of construction services, open and underground rock excavation, dam excavation, and other construction works in Thailand, Myanmar, the Lao People's Democratic Republic, and Cambodia. It is involved in mineral exploration activities. The company was incorporated in 2000 and is based in Samut Prakan, T… Read more
Right Tunnelling Public Company Limited (RT) - Net Assets
Latest net assets as of September 2025: ฿1.28 Billion THB
Based on the latest financial reports, Right Tunnelling Public Company Limited (RT) has net assets worth ฿1.28 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 (฿5.79 Billion) and total liabilities (฿4.51 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 | ฿1.28 Billion |
| % of Total Assets | 22.08% |
| Annual Growth Rate | 13.6% |
| 5-Year Change | -4.89% |
| 10-Year Change | N/A |
| Growth Volatility | 46.8 |
Right Tunnelling Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Right Tunnelling 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 Right Tunnelling Public Company Limited (2016–2024)
The table below shows the annual net assets of Right Tunnelling Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.32 Billion | +23.38% |
| 2023-12-31 | ฿1.07 Billion | +3.91% |
| 2022-12-31 | ฿1.03 Billion | -22.92% |
| 2021-12-31 | ฿1.34 Billion | -3.75% |
| 2020-12-31 | ฿1.39 Billion | +136.43% |
| 2019-12-31 | ฿587.34 Million | +28.59% |
| 2018-12-31 | ฿456.76 Million | -13.82% |
| 2017-12-31 | ฿530.01 Million | +11.32% |
| 2016-12-31 | ฿476.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Right Tunnelling 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 227.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿84.31 Million | 6.38% |
| Other Components | ฿1.24 Billion | 93.62% |
| Total Equity | ฿1.32 Billion | 100.00% |
Right Tunnelling Public Company Limited Competitors by Market Cap
The table below lists competitors of Right Tunnelling Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chow Steel Industries Public Company Limited
BK:CHOW
|
$8.20 Million |
|
Laon People Inc.
KQ:300120
|
$8.20 Million |
|
Zeo Energy Corp
NASDAQ:ZEO
|
$8.20 Million |
|
Pion Group AB Series B
ST:PION-B
|
$8.20 Million |
|
Emami Realty Limited
NSE:EMAMIREAL
|
$8.20 Million |
|
Westbridge Energy Corporation
OTCQX:WEGYF
|
$8.20 Million |
|
Atomos Ltd
AU:AMS
|
$8.19 Million |
|
Plum Acquisition Corp. IV Warrants
NASDAQ:PLMKW
|
$8.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Right Tunnelling Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,070,608,144 to 1,320,950,009, a change of 250,341,865 (23.4%).
- Net income of 71,147,891 contributed positively to equity growth.
- New share issuances of 206,511,394 increased equity.
- Other comprehensive income decreased equity by 57,133,984.
- Other factors increased equity by 29,816,564.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿71.15 Million | +5.39% |
| Share Issuances | ฿206.51 Million | +15.63% |
| Other Comprehensive Income | ฿-57.13 Million | -4.33% |
| Other Changes | ฿29.82 Million | +2.26% |
| Total Change | ฿- | 23.38% |
Book Value vs Market Value Analysis
This analysis compares Right Tunnelling 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: 0.30x
- 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 0.65x to 0.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿0.42 | ฿0.27 | x |
| 2017-12-31 | ฿0.46 | ฿0.27 | x |
| 2018-12-31 | ฿0.42 | ฿0.27 | x |
| 2019-12-31 | ฿0.51 | ฿0.27 | x |
| 2020-12-31 | ฿1.58 | ฿0.27 | x |
| 2021-12-31 | ฿1.17 | ฿0.27 | x |
| 2022-12-31 | ฿0.90 | ฿0.27 | x |
| 2023-12-31 | ฿0.97 | ฿0.27 | x |
| 2024-12-31 | ฿0.89 | ฿0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Right Tunnelling 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): 5.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.97%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 4.67x
- Recent ROE (5.39%) is above the historical average (3.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 11.33% | 2.11% | 1.23x | 4.35x | ฿6.32 Million |
| 2017 | 9.94% | 2.15% | 0.97x | 4.75x | ฿-299.34K |
| 2018 | -14.27% | -3.49% | 0.62x | 6.57x | ฿-110.87 Million |
| 2019 | 22.26% | 5.58% | 0.63x | 6.35x | ฿71.98 Million |
| 2020 | 17.15% | 8.37% | 0.70x | 2.92x | ฿99.28 Million |
| 2021 | 3.11% | 1.68% | 0.63x | 2.93x | ฿-92.07 Million |
| 2022 | -30.30% | -15.28% | 0.45x | 4.38x | ฿-415.19 Million |
| 2023 | 3.78% | 1.29% | 0.55x | 5.36x | ฿-66.62 Million |
| 2024 | 5.39% | 1.97% | 0.58x | 4.67x | ฿-60.95 Million |
Industry Comparison
This section compares Right Tunnelling Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,635,753,561
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Right Tunnelling Public Company Limited (RT) | ฿1.28 Billion | 11.33% | 3.53x | $8.20 Million |
| AMR Asia Public Company Limited (AMR) | $885.39 Million | -12.37% | 0.82x | $2.67 Million |
| Asia Precision Public Company Limited (APCS) | $809.04 Million | -8.74% | 0.50x | $12.58 Million |
| CAZ (Thailand) Public Company Limited (CAZ) | $77.07 Million | 19.04% | 2.60x | $4.97 Million |
| Civil Engineering PCL (CIVIL) | $772.10 Million | 24.95% | 7.45x | $4.32 Million |
| CH. Karnchang PCL (CK) | $25.83 Billion | 9.66% | 2.23x | $492.20 Million |
| CH. Karnchang Public Company Limited (CK-R) | $4.32 Billion | 6.60% | 2.55x | $521.92 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.24 Billion | 0.31% | 1.70x | $8.20 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $356.04 Million | -4.00% | 2.34x | $1.70 Million |
| Demco Public Company Limited (DEMCO) | $1.05 Billion | 8.50% | 0.87x | $19.24 Million |
| EMC Public Company Limited (EMC) | $1.02 Billion | 9.69% | 0.99x | $3.14 Million |