T S Flour Mill Public Company Limited (TMILL) - Net Assets
Based on the latest financial reports, T S Flour Mill Public Company Limited (TMILL) has net assets worth ฿1.06 Billion THB (≈ $33.19 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 (฿1.53 Billion ≈ $47.56 Million USD) and total liabilities (฿460.92 Million ≈ $14.37 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 TMILL asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.06 Billion |
| % of Total Assets | 69.79% |
| Annual Growth Rate | 10.06% |
| 5-Year Change | 2.45% |
| 10-Year Change | 32.57% |
| Growth Volatility | 28840.87 |
T S Flour Mill Public Company Limited - Net Assets Trend (2010–2024)
This chart illustrates how T S Flour Mill Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore T S Flour Mill Public Company Limited assets under control for the complete picture of this company's asset base.
Annual Net Assets for T S Flour Mill Public Company Limited (2010–2024)
The table below shows the annual net assets of T S Flour Mill Public Company Limited from 2010 to 2024. For live valuation and market cap data, see TMILL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.05 Billion ≈ $32.79 Million |
-0.84% |
| 2023-12-31 | ฿1.06 Billion ≈ $33.07 Million |
-2.27% |
| 2022-12-31 | ฿1.09 Billion ≈ $33.83 Million |
+2.42% |
| 2021-12-31 | ฿1.06 Billion ≈ $33.03 Million |
+3.21% |
| 2020-12-31 | ฿1.03 Billion ≈ $32.00 Million |
+2.98% |
| 2019-12-31 | ฿997.07 Million ≈ $31.08 Million |
+0.97% |
| 2018-12-31 | ฿987.48 Million ≈ $30.78 Million |
+18.46% |
| 2017-12-31 | ฿833.61 Million ≈ $25.98 Million |
+3.07% |
| 2016-12-31 | ฿808.76 Million ≈ $25.21 Million |
+1.92% |
| 2015-12-31 | ฿793.49 Million ≈ $24.73 Million |
+34.07% |
| 2014-12-31 | ฿591.84 Million ≈ $18.45 Million |
+3.94% |
| 2013-12-31 | ฿569.39 Million ≈ $17.75 Million |
+4.04% |
| 2012-12-31 | ฿547.26 Million ≈ $17.06 Million |
-99.82% |
| 2011-12-31 | ฿307.94 Billion ≈ $9.60 Billion |
+111984.07% |
| 2010-12-31 | ฿274.74 Million ≈ $8.56 Million |
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Equity Component Analysis
This analysis shows how different components contribute to T S Flour Mill 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 268.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿275.40 Million | 26.18% |
| Common Stock | ฿398.66 Million | 37.90% |
| Other Comprehensive Income | ฿39.90 Million | 3.79% |
| Other Components | ฿337.98 Million | 32.13% |
| Total Equity | ฿1.05 Billion | 100.00% |
T S Flour Mill Public Company Limited Competitors by Market Cap
The table below lists competitors of T S Flour Mill Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globalsat Worldcom
TWO:3499
|
$26.84 Million |
|
Stardust Power Inc.
NASDAQ:SDST
|
$26.85 Million |
|
Safari World PLC
BK:SAFARI
|
$26.85 Million |
|
Aeries Technology Inc.
NASDAQ:AERT
|
$26.86 Million |
|
Hydrogen Refueling Solutions
PA:ALHRS
|
$26.83 Million |
|
Univastu India Limited
NSE:UNIVASTU
|
$26.83 Million |
|
Inmofam 99 SOCIMI SA
MC:YINM
|
$26.82 Million |
|
Park Street A/S
CO:PARKST-A
|
$26.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in T S Flour Mill Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,060,826,068 to 1,051,949,649, a change of -8,876,419 (-0.8%).
- Net income of 19,193,930 contributed positively to equity growth.
- Dividend payments of 27,905,588 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿19.19 Million | +1.82% |
| Dividends Paid | ฿27.91 Million | -2.65% |
| Other Changes | ฿-164.76K | -0.02% |
| Total Change | ฿- | -0.84% |
Book Value vs Market Value Analysis
This analysis compares T S Flour Mill 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: 0.82x
- 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 1.80x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | ฿1.20 | ฿2.16 | x |
| 2011-12-31 | ฿1347.88 | ฿2.16 | x |
| 2012-12-31 | ฿2.29 | ฿2.16 | x |
| 2013-12-31 | ฿1.75 | ฿2.16 | x |
| 2014-12-31 | ฿2.08 | ฿2.16 | x |
| 2015-12-31 | ฿2.68 | ฿2.16 | x |
| 2016-12-31 | ฿2.25 | ฿2.16 | x |
| 2017-12-31 | ฿2.25 | ฿2.16 | x |
| 2018-12-31 | ฿2.79 | ฿2.16 | x |
| 2019-12-31 | ฿2.50 | ฿2.16 | x |
| 2020-12-31 | ฿2.58 | ฿2.16 | x |
| 2021-12-31 | ฿2.66 | ฿2.16 | x |
| 2022-12-31 | ฿2.72 | ฿2.16 | x |
| 2023-12-31 | ฿2.66 | ฿2.16 | x |
| 2024-12-31 | ฿2.64 | ฿2.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently T S Flour Mill 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): 1.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.12%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.62x
- Recent ROE (1.82%) is below the historical average (1688.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 25197.09% | 7.70% | 1272.61x | 2.57x | ฿69.20 Billion |
| 2011 | 11.21% | 3.84% | 1.12x | 2.59x | ฿3.71 Billion |
| 2012 | 16.45% | 8.70% | 1.00x | 1.88x | ฿35.28 Million |
| 2013 | 10.92% | 5.62% | 1.18x | 1.64x | ฿5.24 Million |
| 2014 | 8.61% | 4.66% | 0.93x | 1.99x | ฿-8.24 Million |
| 2015 | 7.17% | 4.47% | 0.71x | 2.27x | ฿-22.49 Million |
| 2016 | 8.59% | 5.19% | 0.85x | 1.94x | ฿-11.37 Million |
| 2017 | 12.65% | 8.09% | 0.74x | 2.13x | ฿22.13 Million |
| 2018 | 10.79% | 7.62% | 0.88x | 1.60x | ฿7.85 Million |
| 2019 | 10.16% | 6.86% | 1.10x | 1.34x | ฿1.57 Million |
| 2020 | 10.28% | 7.20% | 1.06x | 1.35x | ฿2.84 Million |
| 2021 | 10.63% | 7.60% | 0.81x | 1.72x | ฿6.71 Million |
| 2022 | 10.08% | 5.57% | 0.94x | 1.93x | ฿858.63K |
| 2023 | 5.57% | 3.16% | 1.08x | 1.63x | ฿-46.99 Million |
| 2024 | 1.82% | 1.12% | 1.01x | 1.62x | ฿-86.00 Million |
Industry Comparison
This section compares T S Flour Mill Public Company Limited's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $5,474,123,310
- Average return on equity (ROE) among peers: 8.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| T S Flour Mill Public Company Limited (TMILL) | ฿1.06 Billion | 25197.09% | 0.43x | $26.84 Million |
| Ai Energy Public Company Limited (AIE) | $2.02 Billion | 1.08% | 0.23x | $50.04 Million |
| Agripure Holdings Public Company Limited (APURE) | $1.65 Billion | 7.23% | 0.10x | $61.43 Million |
| Bangkok Ranch PCL (BR) | $1.62 Billion | -4.40% | 0.41x | $47.26 Million |
| Charoen Pokphand Foods Public Company Limited (CPF) | $26.75 Billion | 9.75% | 1.14x | $4.65 Billion |
| Chumporn Palm Oil Industry Public Company Limited (CPI) | $1.77 Billion | -0.92% | 1.70x | $67.06 Million |
| Lam Soon (Thailand) Public Company Limited (LST) | $3.96 Billion | 9.64% | 0.30x | $118.59 Million |
| Thaifoods Group Public Company Limited (TFG) | $3.90 Billion | 23.66% | 2.41x | $1.82 Billion |
| Thaifoods Group Public Company Limited (TFG-R) | $3.90 Billion | 23.66% | 2.41x | $907.52 Million |
| Thai Sugar Terminal Public Company Limited (TSTE) | $3.69 Billion | 4.48% | 0.38x | $120.67 Million |
About T S Flour Mill Public Company Limited
T S Flour Mill Public Company Limited produces and distributes wheat flour in Thailand. Its products are used in various bakery and food products, such as breads, noodles, instant noodles, pizza, pie, donut, biscuit, steamed bun, deep-fried stick dough, flat bread, biscuit sponge cake, and cake flour. The company was formerly known as Thai Sugar Inter Trade Company Limited and changed its name to… Read more