T.C.J. Asia Public Company Limited (TCJ) - Net Assets
Based on the latest financial reports, T.C.J. Asia Public Company Limited (TCJ) has net assets worth ฿1.72 Billion THB (≈ $53.73 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 (฿2.55 Billion ≈ $79.58 Million USD) and total liabilities (฿829.43 Million ≈ $25.85 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 TCJ asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.72 Billion |
| % of Total Assets | 67.51% |
| Annual Growth Rate | 7.23% |
| 5-Year Change | -3.04% |
| 10-Year Change | 9.19% |
| Growth Volatility | 64.45 |
T.C.J. Asia Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how T.C.J. Asia Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore TCJ total assets for the complete picture of this company's asset base.
Annual Net Assets for T.C.J. Asia Public Company Limited (2000–2024)
The table below shows the annual net assets of T.C.J. Asia Public Company Limited from 2000 to 2024. For live valuation and market cap data, see T.C.J. Asia Public Company Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.75 Billion ≈ $54.48 Million |
+0.47% |
| 2023-12-31 | ฿1.74 Billion ≈ $54.22 Million |
-2.64% |
| 2022-12-31 | ฿1.79 Billion ≈ $55.69 Million |
+0.93% |
| 2021-12-31 | ฿1.77 Billion ≈ $55.18 Million |
-1.79% |
| 2020-12-31 | ฿1.80 Billion ≈ $56.18 Million |
+1.48% |
| 2019-12-31 | ฿1.78 Billion ≈ $55.36 Million |
-3.63% |
| 2018-12-31 | ฿1.84 Billion ≈ $57.45 Million |
+1.15% |
| 2017-12-31 | ฿1.82 Billion ≈ $56.79 Million |
+13.70% |
| 2016-12-31 | ฿1.60 Billion ≈ $49.95 Million |
+0.12% |
| 2015-12-31 | ฿1.60 Billion ≈ $49.89 Million |
+2.96% |
| 2014-12-31 | ฿1.55 Billion ≈ $48.46 Million |
+4.70% |
| 2013-12-31 | ฿1.48 Billion ≈ $46.28 Million |
+34.82% |
| 2012-12-31 | ฿1.10 Billion ≈ $34.33 Million |
+10.07% |
| 2011-12-31 | ฿1.00 Billion ≈ $31.19 Million |
+16.56% |
| 2010-12-31 | ฿858.49 Million ≈ $26.76 Million |
+2.84% |
| 2009-12-31 | ฿834.75 Million ≈ $26.02 Million |
-6.35% |
| 2008-12-31 | ฿891.36 Million ≈ $27.78 Million |
-13.60% |
| 2007-12-31 | ฿1.03 Billion ≈ $32.16 Million |
+4.00% |
| 2006-12-31 | ฿991.97 Million ≈ $30.92 Million |
+13.48% |
| 2005-12-31 | ฿874.16 Million ≈ $27.25 Million |
+7.37% |
| 2004-12-31 | ฿814.17 Million ≈ $25.38 Million |
+126.37% |
| 2003-12-31 | ฿359.66 Million ≈ $11.21 Million |
+248.53% |
| 2002-12-31 | ฿-242.15 Million ≈ $-7.55 Million |
-273.05% |
| 2001-12-31 | ฿139.93 Million ≈ $4.36 Million |
-57.26% |
| 2000-12-31 | ฿327.37 Million ≈ $10.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to T.C.J. Asia 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 16819730600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿168.20 Million | 12.41% |
| Common Stock | ฿1.06 Billion | 77.94% |
| Other Comprehensive Income | ฿34.31 Million | 2.53% |
| Other Components | ฿96.38 Million | 7.11% |
| Total Equity | ฿1.35 Billion | 100.00% |
T.C.J. Asia Public Company Limited Competitors by Market Cap
The table below lists competitors of T.C.J. Asia Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIRKS GROUP INC. A
F:2BG
|
$7.64 Million |
|
PPHE Hotel Group Ltd
LSE:PPH
|
$7.64 Million |
|
Equity Story Group Ltd
AU:EQS
|
$7.64 Million |
|
Finansa Public Company Limited
BK:FNS
|
$7.65 Million |
|
E Media Holdings Ltd
JSE:EMH
|
$7.63 Million |
|
Dnonce Tech Bhd
KLSE:7114
|
$7.63 Million |
|
Dynasty Gold Corp
V:DYG
|
$7.63 Million |
|
RPCG PCL -NVDR- BA 1
F:W8M1
|
$7.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in T.C.J. Asia Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,353,684,906 to 1,354,856,633, a change of 1,171,727 (0.1%).
- Net income of 1,683,167 contributed positively to equity growth.
- Other comprehensive income decreased equity by 10,454,756.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.68 Million | +0.12% |
| Other Comprehensive Income | ฿-10.45 Million | -0.77% |
| Other Changes | ฿9.94 Million | +0.73% |
| Total Change | ฿- | 0.09% |
Book Value vs Market Value Analysis
This analysis compares T.C.J. Asia 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: 0.18x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿16.66 | ฿2.32 | x |
| 2007-12-31 | ฿17.32 | ฿2.32 | x |
| 2008-12-31 | ฿11.05 | ฿2.32 | x |
| 2009-12-31 | ฿10.65 | ฿2.32 | x |
| 2010-12-31 | ฿11.19 | ฿2.32 | x |
| 2011-12-31 | ฿11.48 | ฿2.32 | x |
| 2012-12-31 | ฿12.27 | ฿2.32 | x |
| 2013-12-31 | ฿14.53 | ฿2.32 | x |
| 2014-12-31 | ฿14.02 | ฿2.32 | x |
| 2015-12-31 | ฿14.63 | ฿2.32 | x |
| 2016-12-31 | ฿14.69 | ฿2.32 | x |
| 2017-12-31 | ฿15.04 | ฿2.32 | x |
| 2018-12-31 | ฿14.34 | ฿2.32 | x |
| 2019-12-31 | ฿13.69 | ฿2.32 | x |
| 2020-12-31 | ฿13.80 | ฿2.32 | x |
| 2021-12-31 | ฿13.29 | ฿2.32 | x |
| 2022-12-31 | ฿13.23 | ฿2.32 | x |
| 2023-12-31 | ฿12.82 | ฿2.32 | x |
| 2024-12-31 | ฿12.83 | ฿2.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently T.C.J. Asia 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): 0.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.12%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.88x
- Recent ROE (0.12%) is below the historical average (9.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 183.88% | 152.09% | 0.59x | 2.04x | ฿625.37 Million |
| 2004 | 11.52% | 9.35% | 0.45x | 2.72x | ฿9.72 Million |
| 2005 | 8.11% | 6.74% | 0.48x | 2.50x | ฿-13.05 Million |
| 2006 | 7.38% | 10.07% | 0.43x | 1.71x | ฿-25.99 Million |
| 2007 | 1.99% | 2.13% | 0.54x | 1.72x | ฿-82.64 Million |
| 2008 | -21.33% | -13.90% | 0.62x | 2.49x | ฿-206.11 Million |
| 2009 | -3.69% | -3.13% | 0.50x | 2.37x | ฿-86.86 Million |
| 2010 | 3.86% | 2.26% | 0.70x | 2.45x | ฿-40.54 Million |
| 2011 | 4.49% | 2.29% | 0.73x | 2.69x | ฿-41.16 Million |
| 2012 | 9.88% | 5.23% | 0.78x | 2.41x | ฿-1.01 Million |
| 2013 | 6.64% | 5.74% | 0.55x | 2.10x | ฿-40.71 Million |
| 2014 | 5.35% | 4.41% | 0.55x | 2.22x | ฿-59.56 Million |
| 2015 | 3.76% | 3.34% | 0.50x | 2.25x | ฿-82.70 Million |
| 2016 | -0.17% | -0.18% | 0.37x | 2.53x | ฿-133.66 Million |
| 2017 | 2.19% | 2.28% | 0.46x | 2.08x | ฿-117.29 Million |
| 2018 | 0.96% | 1.24% | 0.39x | 2.00x | ฿-136.87 Million |
| 2019 | -4.54% | -6.13% | 0.39x | 1.92x | ฿-210.29 Million |
| 2020 | 1.85% | 2.30% | 0.42x | 1.92x | ฿-118.71 Million |
| 2021 | -3.03% | -3.10% | 0.47x | 2.08x | ฿-182.79 Million |
| 2022 | 1.78% | 1.49% | 0.61x | 1.98x | ฿-114.75 Million |
| 2023 | -3.36% | -3.26% | 0.51x | 2.01x | ฿-180.80 Million |
| 2024 | 0.12% | 0.12% | 0.54x | 1.88x | ฿-133.80 Million |
Industry Comparison
This section compares T.C.J. Asia Public Company Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $769,840,654
- Average return on equity (ROE) among peers: -16.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| T.C.J. Asia Public Company Limited (TCJ) | ฿1.72 Billion | 183.88% | 0.48x | $7.64 Million |
| Cho Thavee Public Company Limited (CHO) | $937.28 Million | -25.47% | 2.35x | $1.43 Million |
| T.M.C. Industrial Public Company Limited (TMC) | $602.40 Million | -8.27% | 1.02x | $10.01 Million |
About T.C.J. Asia Public Company Limited
T.C.J. Asia Public Company Limited, together with its subsidiaries, engages in the import and distribution of machinery and lifting equipment for construction work in Thailand and internationally. It offers loading and unloading services; sells tractors and equipment, road rollers, wheel loaders, excavators, and cranes; and operates as a construction contractor. In addition, the company provides … Read more