Synnex (Thailand) Public Company Limited (SYNEX) - Net Assets
Based on the latest financial reports, Synnex (Thailand) Public Company Limited (SYNEX) has net assets worth ฿4.82 Billion THB (≈ $150.32 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿16.50 Billion ≈ $514.32 Million USD) and total liabilities (฿11.68 Billion ≈ $364.00 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 SYNEX intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.82 Billion |
| % of Total Assets | 29.23% |
| Annual Growth Rate | 9.63% |
| 5-Year Change | 22.37% |
| 10-Year Change | 94.19% |
| Growth Volatility | 6.75 |
Synnex (Thailand) Public Company Limited - Net Assets Trend (2007–2025)
This chart illustrates how Synnex (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Synnex (Thailand) Public Company Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Synnex (Thailand) Public Company Limited (2007–2025)
The table below shows the annual net assets of Synnex (Thailand) Public Company Limited from 2007 to 2025. For live valuation and market cap data, see Synnex (Thailand) Public Company Limited (SYNEX) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿4.82 Billion ≈ $150.32 Million |
+8.35% |
| 2024-12-31 | ฿4.45 Billion ≈ $138.73 Million |
+9.12% |
| 2023-12-31 | ฿4.08 Billion ≈ $127.14 Million |
-0.63% |
| 2022-12-31 | ฿4.10 Billion ≈ $127.94 Million |
+4.16% |
| 2021-12-31 | ฿3.94 Billion ≈ $122.84 Million |
+13.55% |
| 2020-12-31 | ฿3.47 Billion ≈ $108.18 Million |
+8.03% |
| 2019-12-31 | ฿3.21 Billion ≈ $100.14 Million |
+4.14% |
| 2018-12-31 | ฿3.08 Billion ≈ $96.15 Million |
+11.24% |
| 2017-12-31 | ฿2.77 Billion ≈ $86.44 Million |
+11.67% |
| 2016-12-31 | ฿2.48 Billion ≈ $77.41 Million |
+7.22% |
| 2015-12-31 | ฿2.32 Billion ≈ $72.19 Million |
+8.72% |
| 2014-12-31 | ฿2.13 Billion ≈ $66.40 Million |
+3.57% |
| 2013-12-31 | ฿2.06 Billion ≈ $64.11 Million |
+6.65% |
| 2012-12-31 | ฿1.93 Billion ≈ $60.11 Million |
+16.79% |
| 2011-12-31 | ฿1.65 Billion ≈ $51.47 Million |
+16.02% |
| 2010-12-31 | ฿1.42 Billion ≈ $44.37 Million |
+10.71% |
| 2009-12-31 | ฿1.29 Billion ≈ $40.07 Million |
+6.30% |
| 2008-12-31 | ฿1.21 Billion ≈ $37.70 Million |
+31.35% |
| 2007-12-31 | ฿920.84 Million ≈ $28.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Synnex (Thailand) 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 731.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.41 Billion | 70.77% |
| Other Components | ฿1.41 Billion | 29.23% |
| Total Equity | ฿4.82 Billion | 100.00% |
Synnex (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Synnex (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cable One Inc
NYSE:CABO
|
$244.33 Million |
|
Volati AB
ST:VOLO
|
$244.40 Million |
|
TEMC Co. Ltd.
KQ:425040
|
$244.41 Million |
|
Danal Co. Ltd
KQ:064260
|
$244.43 Million |
|
Sino AG
F:XTP
|
$244.27 Million |
|
Shattuck Labs Inc
NASDAQ:STTK
|
$244.26 Million |
|
Zona Franca de Iquique S.A
SN:ZOFRI
|
$244.21 Million |
|
Sportking India Limited
NSE:SPORTKING
|
$244.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Synnex (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,446,421,654 to 4,818,729,135, a change of 372,307,481 (8.4%).
- Net income of 769,786,339 contributed positively to equity growth.
- Dividend payments of 372,829,514 reduced retained earnings.
- Other comprehensive income decreased equity by 88,000,000.
- Other factors increased equity by 63,350,656.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿769.79 Million | +15.97% |
| Dividends Paid | ฿372.83 Million | -7.74% |
| Other Comprehensive Income | ฿-88.00 Million | -1.83% |
| Other Changes | ฿63.35 Million | +1.31% |
| Total Change | ฿- | 8.37% |
Book Value vs Market Value Analysis
This analysis compares Synnex (Thailand) 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: 1.63x
- 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 6.08x to 1.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | ฿1.52 | ฿9.25 | x |
| 2008-12-31 | ฿1.67 | ฿9.25 | x |
| 2009-12-31 | ฿1.59 | ฿9.25 | x |
| 2010-12-31 | ฿1.74 | ฿9.25 | x |
| 2011-12-31 | ฿1.99 | ฿9.25 | x |
| 2012-12-31 | ฿2.29 | ฿9.25 | x |
| 2013-12-31 | ฿0.00 | ฿9.25 | x |
| 2014-12-31 | ฿2.51 | ฿9.25 | x |
| 2015-12-31 | ฿2.73 | ฿9.25 | x |
| 2016-12-31 | ฿2.93 | ฿9.25 | x |
| 2017-12-31 | ฿3.27 | ฿9.25 | x |
| 2018-12-31 | ฿3.64 | ฿9.25 | x |
| 2019-12-31 | ฿3.92 | ฿9.25 | x |
| 2020-12-31 | ฿4.10 | ฿9.25 | x |
| 2021-12-31 | ฿4.63 | ฿9.25 | x |
| 2022-12-31 | ฿4.84 | ฿9.25 | x |
| 2023-12-31 | ฿4.84 | ฿9.25 | x |
| 2024-12-31 | ฿5.24 | ฿9.25 | x |
| 2025-12-31 | ฿5.69 | ฿9.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Synnex (Thailand) 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): 15.97%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.62%
- • Asset Turnover: 2.87x
- • Equity Multiplier: 3.42x
- Recent ROE (15.97%) is below the historical average (16.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 15.19% | 1.33% | 3.75x | 3.04x | ฿47.83 Million |
| 2008 | 10.17% | 1.06% | 3.66x | 2.62x | ฿2.03 Million |
| 2009 | 15.77% | 1.51% | 4.09x | 2.55x | ฿74.20 Million |
| 2010 | 19.02% | 1.74% | 4.12x | 2.66x | ฿128.34 Million |
| 2011 | 22.83% | 1.86% | 4.62x | 2.65x | ฿211.84 Million |
| 2012 | 18.92% | 1.77% | 4.22x | 2.53x | ฿172.01 Million |
| 2013 | 10.79% | 1.18% | 4.03x | 2.26x | ฿16.16 Million |
| 2014 | 8.56% | 0.95% | 3.38x | 2.66x | ฿-30.50 Million |
| 2015 | 15.48% | 1.67% | 3.92x | 2.37x | ฿126.96 Million |
| 2016 | 16.39% | 1.71% | 3.14x | 3.05x | ฿158.58 Million |
| 2017 | 22.49% | 1.92% | 3.60x | 3.25x | ฿346.51 Million |
| 2018 | 23.39% | 1.89% | 3.26x | 3.79x | ฿413.00 Million |
| 2019 | 16.31% | 1.51% | 3.07x | 3.53x | ฿202.67 Million |
| 2020 | 18.50% | 2.00% | 3.62x | 2.56x | ฿294.88 Million |
| 2021 | 21.92% | 2.32% | 3.29x | 2.88x | ฿467.73 Million |
| 2022 | 19.91% | 2.09% | 2.95x | 3.23x | ฿406.24 Million |
| 2023 | 12.60% | 1.41% | 2.64x | 3.39x | ฿105.96 Million |
| 2024 | 14.12% | 1.50% | 2.86x | 3.29x | ฿183.08 Million |
| 2025 | 15.97% | 1.62% | 2.87x | 3.42x | ฿287.91 Million |
Industry Comparison
This section compares Synnex (Thailand) Public Company Limited's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $1,157,315,567
- Average return on equity (ROE) among peers: 9.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Synnex (Thailand) Public Company Limited (SYNEX) | ฿4.82 Billion | 15.19% | 2.42x | $244.31 Million |
| AJ Advance Technology Public Company Limited (AJA) | $368.74 Million | 18.52% | 2.33x | $23.41 Million |
| Comanche International Public Company Limited (COMAN) | $346.37 Million | -7.08% | 0.13x | $2.66 Million |
| Communication & System Solution Public Company Limited (CSS) | $1.70 Billion | 10.04% | 1.03x | $34.45 Million |
| IT City Public Company Limited (IT) | $1.04 Billion | 1.47% | 0.74x | $65.67 Million |
| Metro Systems Corporation Public Company Limited (MSC) | $1.47 Billion | 12.00% | 1.13x | $69.57 Million |
| Simat Technologies Public Company Limited (SIMAT) | $255.90 Million | 13.55% | 1.76x | $27.49 Million |
| SiS Distribution (Thailand) Public Company Limited (SIS) | $2.81 Billion | 21.27% | 1.73x | $234.68 Million |
| S P V I Public Company Limited (SPVI) | $638.69 Million | 15.91% | 1.14x | $43.39 Million |
| SVOA Public Company Limited (SVOA) | $1.79 Billion | 3.48% | 1.11x | $45.89 Million |
About Synnex (Thailand) Public Company Limited
Synnex (Thailand) Public Company Limited distributes computers, computer peripherals, software, information technology systems, computer consumables, and communication devices in Thailand. The company also acts as a retail and service provider for an online platform; offers computer system repair and maintenance services, as well as training services; and sells computer accessories. It serves ret… Read more