Sirisoft Public Company Limited
Sirisoft Public Company Limited provides digital transformation and DevOps consulting and services focusing in the areas of database, software development, software engineering, and infrastructure integration in Thailand. The company offers infrastructure optimization; IT management and support services; and cybersecurity solutions. It also provides microservicessolutions; full-stack observabilit… Read more
Sirisoft Public Company Limited (SRS) - Net Assets
Latest net assets as of March 2025: ฿682.07 Million THB
Based on the latest financial reports, Sirisoft Public Company Limited (SRS) has net assets worth ฿682.07 Million THB as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.24 Billion) and total liabilities (฿558.52 Million). 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 | ฿682.07 Million |
| % of Total Assets | 54.98% |
| Annual Growth Rate | 157.51% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 403.17 |
Sirisoft Public Company Limited - Net Assets Trend (2021–2024)
This chart illustrates how Sirisoft 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 Sirisoft Public Company Limited (2021–2024)
The table below shows the annual net assets of Sirisoft Public Company Limited from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | ฿695.88 Million | +888.66% |
| 2023-06-30 | ฿70.39 Million | +66.26% |
| 2022-06-30 | ฿42.33 Million | +3.95% |
| 2021-06-30 | ฿40.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sirisoft 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 decreased by 83.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿4.94 Million | 0.71% |
| Common Stock | ฿80.00 Million | 11.50% |
| Other Comprehensive Income | ฿8.00 Million | 1.15% |
| Other Components | ฿602.94 Million | 86.64% |
| Total Equity | ฿695.88 Million | 100.00% |
Sirisoft Public Company Limited Competitors by Market Cap
The table below lists competitors of Sirisoft Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GSS Infotech Limited
NSE:GSS
|
$1.68 Million |
|
Dart Mining NL
AU:DTM
|
$1.68 Million |
|
Nicoccino Holding AB
ST:NICO
|
$1.68 Million |
|
Brilliant Future AB
ST:BRILL
|
$1.68 Million |
|
EAGLE MATERIALS
BE:E5M
|
$1.68 Million |
|
Malu Paper Mills Limited
NSE:MALUPAPER
|
$1.68 Million |
|
Volato Group Inc.
NYSE:SOAR
|
$1.67 Million |
|
Resource Base Ltd
AU:RBX
|
$1.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sirisoft Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,386,667 to 695,884,770, a change of 625,498,103 (888.7%).
- Net income of 75,969,318 contributed positively to equity growth.
- Dividend payments of 113,537,698 reduced retained earnings.
- Share repurchases of 24,010,600 reduced equity.
- New share issuances of 670,000,000 increased equity.
- Other comprehensive income increased equity by 5,000,000.
- Other factors increased equity by 12,077,083.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿75.97 Million | +10.92% |
| Dividends Paid | ฿113.54 Million | -16.32% |
| Share Repurchases | ฿24.01 Million | -3.45% |
| Share Issuances | ฿670.00 Million | +96.28% |
| Other Comprehensive Income | ฿5.00 Million | +0.72% |
| Other Changes | ฿12.08 Million | +1.74% |
| Total Change | ฿- | 888.66% |
Book Value vs Market Value Analysis
This analysis compares Sirisoft 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: 0.25x
- 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 7.16x to 0.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | ฿0.21 | ฿1.50 | x |
| 2022-06-30 | ฿0.20 | ฿1.50 | x |
| 2023-06-30 | ฿0.44 | ฿1.50 | x |
| 2024-06-30 | ฿5.93 | ฿1.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sirisoft 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): 10.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.99%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.63x
- Recent ROE (10.92%) is below the historical average (54.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 42.90% | 19.74% | 0.60x | 3.60x | ฿11.04 Million |
| 2022 | 70.28% | 12.25% | 0.99x | 5.81x | ฿19.65 Million |
| 2023 | 93.56% | 16.03% | 1.32x | 4.42x | ฿58.81 Million |
| 2024 | 10.92% | 12.99% | 0.52x | 1.63x | ฿6.38 Million |
Industry Comparison
This section compares Sirisoft 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: $948,000,967
- Average return on equity (ROE) among peers: 16.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sirisoft Public Company Limited (SRS) | ฿682.07 Million | 42.90% | 0.82x | $1.68 Million |
| Advanced Information Technology Public Company Limited (AIT) | $2.93 Billion | 13.48% | 1.20x | $109.65 Million |
| Beryl 8 Plus Public Company Limited (BE8) | $78.06 Million | 30.29% | 2.57x | $10.83 Million |
| Ditto (Thailand) Public Company Limited (DITTO) | $261.38 Million | 21.53% | 1.58x | $133.67 Million |
| DITTO (THAILAND) (DITTO-R) | $2.46 Billion | 13.61% | 0.36x | $174.47 Million |
| G-Able PCL (GABLE) | $2.01 Billion | 8.27% | 1.09x | $21.78 Million |
| I2 Enterprise Public Company Limited (I2) | $250.43 Million | 17.96% | 2.26x | $1.98 Million |
| I&I Group Public Company Limited (IIG) | $-21.04 Million | 0.00% | 0.00x | $3.22 Million |
| Infraset Public Company Limited (INSET) | $839.14 Million | 16.15% | 0.59x | $38.30 Million |
| International Research Corporation Public Company Limited (IRCP) | $489.44 Million | 27.29% | 1.68x | $3.46 Million |
| International Network System PCL (ITNS) | $188.33 Million | 17.30% | 0.40x | $3.47 Million |