Star Petroleum Refining Co Ltd (SPRC) - Net Assets
Based on the latest financial reports, Star Petroleum Refining Co Ltd (SPRC) has net assets worth ฿46.71 Billion THB (≈ $1.46 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿78.89 Billion ≈ $2.46 Billion USD) and total liabilities (฿32.17 Billion ≈ $1.00 Billion 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. Also explore SPRC total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿46.71 Billion |
| % of Total Assets | 59.22% |
| Annual Growth Rate | -2.11% |
| 5-Year Change | 10.33% |
| 10-Year Change | -9.11% |
| Growth Volatility | 15.44 |
Star Petroleum Refining Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Star Petroleum Refining Co Ltd's net assets have evolved over time, based on quarterly financial data. Check SPRC intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Star Petroleum Refining Co Ltd (2012–2025)
The table below shows the annual net assets of Star Petroleum Refining Co Ltd from 2012 to 2025. For live valuation and market cap data, see Star Petroleum Refining Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿37.92 Billion ≈ $1.18 Billion |
-3.03% |
| 2024-12-31 | ฿39.11 Billion ≈ $1.22 Billion |
+19.00% |
| 2023-12-31 | ฿32.86 Billion ≈ $1.02 Billion |
-15.10% |
| 2022-12-31 | ฿38.71 Billion ≈ $1.21 Billion |
+12.62% |
| 2021-12-31 | ฿34.37 Billion ≈ $1.07 Billion |
+30.06% |
| 2020-12-31 | ฿26.43 Billion ≈ $823.71 Million |
-18.63% |
| 2019-12-31 | ฿32.48 Billion ≈ $1.01 Billion |
-15.71% |
| 2018-12-31 | ฿38.53 Billion ≈ $1.20 Billion |
-8.49% |
| 2017-12-31 | ฿42.10 Billion ≈ $1.31 Billion |
+0.92% |
| 2016-12-31 | ฿41.72 Billion ≈ $1.30 Billion |
+13.60% |
| 2015-12-31 | ฿36.72 Billion ≈ $1.14 Billion |
-18.10% |
| 2014-12-31 | ฿44.84 Billion ≈ $1.40 Billion |
-15.34% |
| 2013-12-31 | ฿52.97 Billion ≈ $1.65 Billion |
+5.92% |
| 2012-12-31 | ฿50.01 Billion ≈ $1.56 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Star Petroleum Refining Co Ltd'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 decreased by 34.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿9.61 Billion | 25.35% |
| Common Stock | ฿30.00 Billion | 79.14% |
| Other Comprehensive Income | ฿-2.68 Billion | -7.06% |
| Other Components | ฿977.71 Million | 2.58% |
| Total Equity | ฿37.92 Billion | 100.00% |
Star Petroleum Refining Co Ltd Competitors by Market Cap
The table below lists competitors of Star Petroleum Refining Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chongqing Iron & Steel Co Ltd Class A
SHG:601005
|
$1.46 Billion |
|
Yantai China Pet Foods Co Ltd
SHE:002891
|
$1.46 Billion |
|
Greenbrier Companies Inc
NYSE:GBX
|
$1.46 Billion |
|
Beijing Toread Outdoor Product
SHE:300005
|
$1.46 Billion |
|
Uniqure NV
NASDAQ:QURE
|
$1.46 Billion |
|
Guangdong Yizumi Precision Machinery Co Ltd
SHE:300415
|
$1.46 Billion |
|
Asana Inc
NYSE:ASAN
|
$1.46 Billion |
|
Stanley Fertilizer Co Ltd
SHE:002588
|
$1.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Star Petroleum Refining Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,101,105,000 to 37,915,027,000, a change of -1,186,078,000 (-3.0%).
- Net income of 2,569,355,000 contributed positively to equity growth.
- Dividend payments of 1,300,770,638 reduced retained earnings.
- Other comprehensive income decreased equity by 5,677,398,000.
- Other factors increased equity by 3,222,735,638.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.57 Billion | +6.78% |
| Dividends Paid | ฿1.30 Billion | -3.43% |
| Other Comprehensive Income | ฿-5.68 Billion | -14.97% |
| Other Changes | ฿3.22 Billion | +8.5% |
| Total Change | ฿- | -3.03% |
Book Value vs Market Value Analysis
This analysis compares Star Petroleum Refining Co Ltd'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: 1.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.89x to 1.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿12.19 | ฿10.80 | x |
| 2013-12-31 | ฿12.91 | ฿10.80 | x |
| 2014-12-31 | ฿10.93 | ฿10.80 | x |
| 2015-12-31 | ฿8.88 | ฿10.80 | x |
| 2016-12-31 | ฿9.62 | ฿10.80 | x |
| 2017-12-31 | ฿9.71 | ฿10.80 | x |
| 2018-12-31 | ฿8.89 | ฿10.80 | x |
| 2019-12-31 | ฿7.49 | ฿10.80 | x |
| 2020-12-31 | ฿6.09 | ฿10.80 | x |
| 2021-12-31 | ฿7.93 | ฿10.80 | x |
| 2022-12-31 | ฿8.93 | ฿10.80 | x |
| 2023-12-31 | ฿9.86 | ฿10.80 | x |
| 2024-12-31 | ฿9.02 | ฿10.80 | x |
| 2025-12-31 | ฿8.74 | ฿10.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Star Petroleum Refining Co Ltd 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): 6.78%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.06%
- • Asset Turnover: 3.90x
- • Equity Multiplier: 1.63x
- Recent ROE (6.78%) is above the historical average (6.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 8.97% | 1.72% | 3.09x | 1.69x | ฿-516.40 Million |
| 2013 | 7.51% | 1.54% | 2.85x | 1.71x | ฿-1.32 Billion |
| 2014 | -14.20% | -2.80% | 3.33x | 1.53x | ฿-10.85 Billion |
| 2015 | 22.40% | 4.60% | 2.92x | 1.66x | ฿4.55 Billion |
| 2016 | 20.83% | 5.61% | 2.57x | 1.44x | ฿4.52 Billion |
| 2017 | 21.13% | 5.24% | 2.84x | 1.42x | ฿4.69 Billion |
| 2018 | 5.87% | 1.09% | 3.78x | 1.43x | ฿-1.59 Billion |
| 2019 | -8.65% | -1.67% | 3.11x | 1.67x | ฿-6.06 Billion |
| 2020 | -22.72% | -4.63% | 2.78x | 1.76x | ฿-8.65 Billion |
| 2021 | 13.81% | 2.79% | 2.90x | 1.71x | ฿1.31 Billion |
| 2022 | 19.83% | 2.73% | 4.44x | 1.64x | ฿3.80 Billion |
| 2023 | -2.88% | -0.47% | 3.99x | 1.54x | ฿-5.51 Billion |
| 2024 | 5.72% | 0.84% | 3.89x | 1.75x | ฿-1.68 Billion |
| 2025 | 6.78% | 1.06% | 3.90x | 1.63x | ฿-1.22 Billion |
Industry Comparison
This section compares Star Petroleum Refining Co Ltd's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $39,450,034,984
- Average return on equity (ROE) among peers: 7.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Petroleum Refining Co Ltd (SPRC) | ฿46.71 Billion | 8.97% | 0.69x | $1.46 Billion |
| Bangchak Corporation Public Company Limited (BCP) | $19.76 Billion | -3.81% | 1.15x | $2.08 Billion |
| Esso (Thailand) Public Company Limited (BSRC) | $25.83 Billion | 8.61% | 1.40x | $332.25 Million |
| IRPC Public Company Limited (IRPC) | $75.93 Billion | 5.41% | 0.74x | $1.43 Billion |
| IRPC Public Company Limited (IRPC-R) | $76.12 Billion | -3.84% | 1.53x | $814.31 Million |
| Sea Oil Public Company Limited (SEAOIL) | $1.68 Billion | 13.77% | 0.85x | $75.55 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP) | $12.86 Billion | 16.03% | 2.22x | $464.01 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP-R) | $12.86 Billion | 16.03% | 2.22x | $378.08 Million |
| Susco Public Company Limited (SUSCO) | $3.53 Billion | 6.62% | 0.93x | $67.51 Million |
| Thai Oil Public Company Limited (TOP) | $126.47 Billion | 8.02% | 1.12x | $4.47 Billion |
About Star Petroleum Refining Co Ltd
Star Petroleum Refining Public Company Limited engages in refinery and petroleum product distribution in Thailand and internationally. It offers petroleum products, including liquefied petroleum gas, gasoline, jet fuel, diesel, fuel oil, asphalt, and other products. The company also distributes various fuels, including premium and regular diesel, gasohol, unleaded gasoline, commercial and industr… Read more