Golden Lime PCL (SUTHA) - Net Assets

Latest as of September 2025: ฿1.03 Billion THB ≈ $32.06 Million USD

Based on the latest financial reports, Golden Lime PCL (SUTHA) has net assets worth ฿1.03 Billion THB (≈ $32.06 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 (฿2.29 Billion ≈ $71.26 Million USD) and total liabilities (฿1.26 Billion ≈ $39.20 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 Golden Lime PCL tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.03 Billion
% of Total Assets	44.99%
Annual Growth Rate	10.72%
5-Year Change	65.94%
10-Year Change	61.9%
Growth Volatility	33.32

Golden Lime PCL - Net Assets Trend (2011–2024)

This chart illustrates how Golden Lime PCL's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Golden Lime PCL to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Golden Lime PCL (2011–2024)

The table below shows the annual net assets of Golden Lime PCL from 2011 to 2024. For live valuation and market cap data, see Golden Lime PCL market cap and net worth.

Year	Net Assets	Change
2024-12-31	฿1.01 Billion ≈ $31.57 Million	+0.16%
2023-12-31	฿1.01 Billion ≈ $31.52 Million	+40.83%
2022-12-31	฿718.17 Million ≈ $22.38 Million	+14.76%
2021-12-31	฿625.79 Million ≈ $19.51 Million	+2.51%
2020-12-31	฿610.44 Million ≈ $19.03 Million	+25.27%
2019-12-31	฿487.29 Million ≈ $15.19 Million	-17.37%
2018-12-31	฿589.74 Million ≈ $18.38 Million	+1.59%
2017-12-31	฿580.51 Million ≈ $18.09 Million	+0.34%
2016-12-31	฿578.57 Million ≈ $18.03 Million	-7.53%
2015-12-31	฿625.67 Million ≈ $19.50 Million	+1.31%
2014-12-31	฿617.56 Million ≈ $19.25 Million	+115.08%
2013-12-31	฿287.13 Million ≈ $8.95 Million	-16.37%
2012-12-31	฿343.35 Million ≈ $10.70 Million	+27.34%
2011-12-31	฿269.63 Million ≈ $8.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Golden Lime PCL'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 424.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿234.17 Million	23.14%
Common Stock	฿362.39 Million	35.81%
Other Comprehensive Income	฿36.50 Million	3.61%
Other Components	฿378.87 Million	37.44%
Total Equity	฿1.01 Billion	100.00%

Golden Lime PCL Competitors by Market Cap

The table below lists competitors of Golden Lime PCL ranked by their market capitalization.

Company	Market Cap
Goldspot Discoveries Corp V:SPOT	$31.64 Million
Live Ventures Inc NASDAQ:LIVE	$31.64 Million
United-Guardian Inc NASDAQ:UG	$31.65 Million
Tong-Hwa Synthetic Fiber Co Ltd TW:1418	$31.66 Million
XPLUS SA ZY -01 F:75R	$31.62 Million
Precipio Inc NASDAQ:PRPO	$31.61 Million
Sharps Technology Inc NASDAQ:STSS	$31.61 Million
Shanghai Kai Kai Industry Co Ltd B SHG:900943	$31.60 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Golden Lime PCL's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,010,352,423 to 1,011,933,600, a change of 1,581,177 (0.2%).
Net income of 62,016,266 contributed positively to equity growth.
Dividend payments of 57,977,376 reduced retained earnings.
Other comprehensive income increased equity by 2,972,798.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿62.02 Million	+6.13%
Dividends Paid	฿57.98 Million	-5.73%
Other Comprehensive Income	฿2.97 Million	+0.29%
Other Changes	฿-5.43 Million	-0.54%
Total Change	฿-	0.16%

Book Value vs Market Value Analysis

This analysis compares Golden Lime PCL'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: 1.00x
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 1.85x to 1.00x 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	฿1.51	฿2.80	x
2013-12-31	฿1.27	฿2.80	x
2014-12-31	฿2.18	฿2.80	x
2015-12-31	฿2.07	฿2.80	x
2016-12-31	฿1.92	฿2.80	x
2017-12-31	฿1.93	฿2.80	x
2018-12-31	฿1.96	฿2.80	x
2019-12-31	฿1.61	฿2.80	x
2020-12-31	฿2.01	฿2.80	x
2021-12-31	฿2.06	฿2.80	x
2022-12-31	฿2.37	฿2.80	x
2023-12-31	฿2.85	฿2.80	x
2024-12-31	฿2.79	฿2.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Golden Lime PCL 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): 6.13%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.58%
• Asset Turnover: 0.62x
• Equity Multiplier: 2.15x
Recent ROE (6.13%) is below the historical average (16.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	32.61%	13.45%	1.11x	2.19x	฿77.63 Million
2013	35.13%	11.85%	1.07x	2.76x	฿72.17 Million
2014	20.69%	11.94%	1.17x	1.48x	฿66.04 Million
2015	15.46%	10.43%	0.92x	1.62x	฿34.16 Million
2016	11.75%	8.59%	0.84x	1.62x	฿10.14 Million
2017	12.20%	7.76%	0.93x	1.69x	฿12.74 Million
2018	14.34%	7.60%	0.77x	2.44x	฿25.59 Million
2019	1.47%	0.74%	0.73x	2.75x	฿-41.56 Million
2020	33.98%	18.61%	0.50x	3.64x	฿146.15 Million
2021	8.19%	4.32%	0.53x	3.57x	฿-11.31 Million
2022	12.44%	6.03%	0.67x	3.07x	฿17.49 Million
2023	4.56%	3.23%	0.65x	2.19x	฿-54.92 Million
2024	6.13%	4.58%	0.62x	2.15x	฿-39.18 Million

Industry Comparison

This section compares Golden Lime PCL's net assets metrics with peer companies in the Chemicals industry.

Industry Context

Industry: Chemicals
Average net assets among peers: $19,863,702,127
Average return on equity (ROE) among peers: 6.22%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Golden Lime PCL (SUTHA)	฿1.03 Billion	32.61%	1.22x	$31.63 Million
Global Green Chemicals Public Company Limited (GGC)	$7.79 Billion	13.71%	0.34x	$114.86 Million
Indorama Ventures PCL (IVL)	$82.95 Billion	7.97%	1.67x	$3.87 Billion
PTT Global Chemical Public Company Limited (PTTGC)	$24.17 Billion	0.00%	0.23x	$4.53 Billion
Thai Agro Energy Public Company Limited (TAE)	$1.62 Billion	-5.31%	1.23x	$44.88 Million
UAC Global Public Company Limited (UAC)	$1.44 Billion	11.35%	1.11x	$54.52 Million
Union Petrochemical Public Company Limited (UKEM)	$1.21 Billion	9.60%	0.91x	$31.42 Million

About Golden Lime PCL

BK:SUTHA Thailand Chemicals

Market Cap

$31.63 Million

฿1.01 Billion THB

Market Cap Rank

#23624 Global

#434 in Thailand

Share Price

฿2.80

Change (1 day)

+1.45%

52-Week Range

฿2.22 - ฿2.86

All Time High

฿5.71