Sky ICT Public Company Limited (SKY) - Net Assets

Latest as of September 2025: ฿6.24 Billion THB ≈ $194.45 Million USD

Based on the latest financial reports, Sky ICT Public Company Limited (SKY) has net assets worth ฿6.24 Billion THB (≈ $194.45 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 (฿13.97 Billion ≈ $435.44 Million USD) and total liabilities (฿7.73 Billion ≈ $240.99 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 SKY asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿6.24 Billion
% of Total Assets	44.66%
Annual Growth Rate	37.69%
5-Year Change	128.56%
10-Year Change	2575.27%
Growth Volatility	61.51

Sky ICT Public Company Limited - Net Assets Trend (2012–2024)

This chart illustrates how Sky ICT Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore SKY total assets for the complete picture of this company's asset base.

Annual Net Assets for Sky ICT Public Company Limited (2012–2024)

The table below shows the annual net assets of Sky ICT Public Company Limited from 2012 to 2024. For live valuation and market cap data, see Sky ICT Public Company Limited (SKY) market capitalisation.

Year	Net Assets	Change
2024-12-31	฿5.20 Billion ≈ $162.06 Million	+10.16%
2023-12-31	฿4.72 Billion ≈ $147.12 Million	+76.76%
2022-12-31	฿2.67 Billion ≈ $83.23 Million	+5.02%
2021-12-31	฿2.54 Billion ≈ $79.25 Million	+11.78%
2020-12-31	฿2.27 Billion ≈ $70.90 Million	+53.39%
2019-12-31	฿1.48 Billion ≈ $46.22 Million	+37.89%
2018-12-31	฿1.08 Billion ≈ $33.52 Million	+68.05%
2017-12-31	฿639.97 Million ≈ $19.95 Million	+229.69%
2016-12-31	฿194.12 Million ≈ $6.05 Million	-0.12%
2015-12-31	฿194.35 Million ≈ $6.06 Million	+1.33%
2014-12-31	฿191.79 Million ≈ $5.98 Million	+61.81%
2013-12-31	฿118.53 Million ≈ $3.69 Million	+5.89%
2012-12-31	฿111.94 Million ≈ $3.49 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sky ICT 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 6995.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿1.76 Billion	34.24%
Common Stock	฿357.74 Million	6.97%
Other Comprehensive Income	฿35.77 Million	0.70%
Other Components	฿2.98 Billion	58.10%
Total Equity	฿5.13 Billion	100.00%

Sky ICT Public Company Limited Competitors by Market Cap

The table below lists competitors of Sky ICT Public Company Limited ranked by their market capitalization.

Company	Market Cap
Kenmare Resources PLC IR:KMR	$266.05 Million
Oyster Enterprises II Acquisition Corp Class A Ordinary Shares NASDAQ:OYSE	$266.11 Million
Thirumalai Chemicals Limited NSE:TIRUMALCHM	$266.13 Million
2Seventy Bio Inc NASDAQ:TSVT	$266.14 Million
Tigo Energy Inc. NASDAQ:TYGO	$265.93 Million
NI Holdings Inc NASDAQ:NODK	$265.81 Million
Abrdn Emerging Markets Equity Income Fund Inc NYSE MKT:AEF	$265.69 Million
Fujian Sanmu Group Co Ltd SHE:000632	$265.67 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sky ICT Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,683,661,318 to 5,133,566,728, a change of 449,905,410 (9.6%).
Net income of 484,298,099 contributed positively to equity growth.
Other comprehensive income decreased equity by 25,399,644.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿484.30 Million	+9.43%
Other Comprehensive Income	฿-25.40 Million	-0.49%
Other Changes	฿-8.99 Million	-0.18%
Total Change	฿-	9.61%

Book Value vs Market Value Analysis

This analysis compares Sky ICT 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: 1.66x
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 19.04x to 1.66x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	฿0.62	฿11.90	x
2013-12-31	฿0.61	฿11.90	x
2014-12-31	฿0.88	฿11.90	x
2015-12-31	฿0.73	฿11.90	x
2016-12-31	฿0.73	฿11.90	x
2017-12-31	฿1.74	฿11.90	x
2018-12-31	฿2.14	฿11.90	x
2019-12-31	฿2.73	฿11.90	x
2020-12-31	฿3.95	฿11.90	x
2021-12-31	฿3.98	฿11.90	x
2022-12-31	฿4.20	฿11.90	x
2023-12-31	฿6.96	฿11.90	x
2024-12-31	฿7.17	฿11.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sky ICT 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): 9.43%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.21%
• Asset Turnover: 0.55x
• Equity Multiplier: 2.37x
Recent ROE (9.43%) is above the historical average (8.56%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	12.87%	6.26%	1.59x	1.30x	฿3.15 Million
2013	13.13%	9.72%	1.10x	1.23x	฿3.71 Million
2014	10.67%	11.21%	0.81x	1.17x	฿1.28 Million
2015	6.13%	5.92%	0.87x	1.19x	฿-7.52 Million
2016	4.78%	2.93%	0.85x	1.91x	฿-10.13 Million
2017	0.77%	0.91%	0.63x	1.35x	฿-58.79 Million
2018	10.19%	11.23%	0.30x	2.99x	฿2.05 Million
2019	14.89%	5.52%	0.83x	3.25x	฿71.80 Million
2020	6.65%	4.23%	0.38x	4.16x	฿-75.33 Million
2021	2.20%	1.84%	0.39x	3.05x	฿-195.27 Million
2022	8.00%	7.64%	0.31x	3.41x	฿-53.41 Million
2023	11.57%	13.15%	0.36x	2.45x	฿73.45 Million
2024	9.43%	7.21%	0.55x	2.37x	฿-29.06 Million

Industry Comparison

This section compares Sky ICT 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: $1,552,720,528
Average return on equity (ROE) among peers: 12.34%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sky ICT Public Company Limited (SKY)	฿6.24 Billion	12.87%	1.24x	$266.05 Million
Advanced Information Technology Public Company Limited (AIT)	$2.44 Billion	23.30%	0.90x	$226.03 Million
DITTO (THAILAND) (DITTO-R)	$1.03 Billion	19.43%	0.30x	$315.78 Million
Internet Thailand Public Company Limited (INET)	$1.90 Billion	19.77%	1.22x	$66.96 Million
International Research Corporation Public Company Limited (IRCP)	$608.71 Million	3.30%	0.83x	$5.05 Million
MFEC PCL (MFEC)	$833.83 Million	8.14%	1.54x	$83.93 Million
Premier Technology Public Company Limited (PT)	$-487.80 Million	0.00%	0.00x	$99.10 Million
Master Ad Public Company Limited (ROCTEC)	$492.91 Million	13.59%	0.38x	$141.70 Million
Samart Corporation Public Company Limited (SAMART)	$5.61 Billion	11.20%	1.41x	$163.13 Million

About Sky ICT Public Company Limited

BK:SKY Thailand Information Technology Services

Market Cap

$266.05 Million

฿8.54 Billion THB

Market Cap Rank

#15451 Global

#177 in Thailand

Share Price

฿11.90

Change (1 day)

-1.65%

52-Week Range

฿10.00 - ฿15.90

All Time High

฿38.75