Thanapiriya Public Company Limited
Thanapiriya Public Company Limited, together with its subsidiaries, operates retail and wholesale superstores under Thanapiriya brand in Thailand. It offers household, personal care, drinks and dried food, cosmetics and supplements, and mother and baby care products. The company operates through a network of supermarkets and a wholesale center. It also engages in the rental, purchase, and sale of… Read more
Thanapiriya Public Company Limited (TNP) - Net Assets
Latest net assets as of September 2025: ฿1.26 Billion THB
Based on the latest financial reports, Thanapiriya Public Company Limited (TNP) has net assets worth ฿1.26 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.62 Billion) and total liabilities (฿362.68 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 | ฿1.26 Billion |
| % of Total Assets | 77.66% |
| Annual Growth Rate | 35.64% |
| 5-Year Change | 51.08% |
| 10-Year Change | 116.92% |
| Growth Volatility | 84.78 |
Thanapiriya Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how Thanapiriya 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 Thanapiriya Public Company Limited (2012–2024)
The table below shows the annual net assets of Thanapiriya Public Company Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.19 Billion | +10.71% |
| 2023-12-31 | ฿1.08 Billion | +8.91% |
| 2022-12-31 | ฿990.56 Million | +8.91% |
| 2021-12-31 | ฿909.54 Million | +15.05% |
| 2020-12-31 | ฿790.58 Million | +12.19% |
| 2019-12-31 | ฿704.67 Million | +8.66% |
| 2018-12-31 | ฿648.49 Million | +6.77% |
| 2017-12-31 | ฿607.35 Million | +6.49% |
| 2016-12-31 | ฿570.33 Million | +3.58% |
| 2015-12-31 | ฿550.61 Million | +149.77% |
| 2014-12-31 | ฿220.45 Million | +81.12% |
| 2013-12-31 | ฿121.72 Million | +295.22% |
| 2012-12-31 | ฿30.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thanapiriya 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 2425.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿676.74 Million | 56.66% |
| Common Stock | ฿200.00 Million | 16.75% |
| Other Comprehensive Income | ฿20.00 Million | 1.67% |
| Other Components | ฿297.64 Million | 24.92% |
| Total Equity | ฿1.19 Billion | 100.00% |
Thanapiriya Public Company Limited Competitors by Market Cap
The table below lists competitors of Thanapiriya Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Munjal Showa Limited
NSE:MUNJALSHOW
|
$17.80 Million |
|
Yura Tech. Co. Ltd
KQ:048430
|
$17.80 Million |
|
GLOSTER LTD (BSE)
NSE:GLOSTERLTD
|
$17.80 Million |
|
Longduoduo Company Limited
PINK:LDDD
|
$17.81 Million |
|
Tah Kong Chemical Industrial
TWO:4706
|
$17.79 Million |
|
SEAL Incorporated Bhd
KLSE:4286
|
$17.79 Million |
|
ParaZero Technologies Ltd. Ordinary Shares
NASDAQ:PRZO
|
$17.78 Million |
|
Acanthe Développement
PA:ACAN
|
$17.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thanapiriya Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,078,847,259 to 1,194,385,268, a change of 115,538,009 (10.7%).
- Net income of 185,538,008 contributed positively to equity growth.
- Dividend payments of 70,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿185.54 Million | +15.53% |
| Dividends Paid | ฿70.00 Million | -5.86% |
| Other Changes | ฿1.00 | +0.0% |
| Total Change | ฿- | 10.71% |
Book Value vs Market Value Analysis
This analysis compares Thanapiriya 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: 1.86x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.44x to 1.86x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿1.92 | ฿2.78 | x |
| 2013-12-31 | ฿0.13 | ฿2.78 | x |
| 2014-12-31 | ฿0.37 | ฿2.78 | x |
| 2015-12-31 | ฿0.89 | ฿2.78 | x |
| 2016-12-31 | ฿0.71 | ฿2.78 | x |
| 2017-12-31 | ฿0.76 | ฿2.78 | x |
| 2018-12-31 | ฿0.81 | ฿2.78 | x |
| 2019-12-31 | ฿0.88 | ฿2.78 | x |
| 2020-12-31 | ฿0.99 | ฿2.78 | x |
| 2021-12-31 | ฿1.14 | ฿2.78 | x |
| 2022-12-31 | ฿1.24 | ฿2.78 | x |
| 2023-12-31 | ฿1.35 | ฿2.78 | x |
| 2024-12-31 | ฿1.49 | ฿2.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thanapiriya 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): 15.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.46%
- • Asset Turnover: 1.83x
- • Equity Multiplier: 1.31x
- Recent ROE (15.53%) is above the historical average (15.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 23.03% | 0.76% | 5.28x | 5.74x | ฿4.01 Million |
| 2013 | 20.74% | 1.60% | 3.16x | 4.09x | ฿8.60 Million |
| 2014 | 20.58% | 3.79% | 3.13x | 1.74x | ฿23.31 Million |
| 2015 | 7.11% | 2.97% | 1.94x | 1.23x | ฿-15.93 Million |
| 2016 | 9.76% | 3.84% | 2.03x | 1.25x | ฿-1.37 Million |
| 2017 | 10.09% | 3.84% | 1.95x | 1.35x | ฿559.99K |
| 2018 | 10.05% | 3.68% | 2.11x | 1.29x | ฿294.59K |
| 2019 | 12.57% | 4.54% | 2.25x | 1.23x | ฿18.13 Million |
| 2020 | 16.93% | 6.10% | 2.13x | 1.31x | ฿54.81 Million |
| 2021 | 21.12% | 7.32% | 2.21x | 1.31x | ฿101.14 Million |
| 2022 | 15.04% | 6.12% | 1.95x | 1.26x | ฿49.96 Million |
| 2023 | 14.42% | 5.95% | 1.86x | 1.30x | ฿47.64 Million |
| 2024 | 15.53% | 6.46% | 1.83x | 1.31x | ฿66.10 Million |
Industry Comparison
This section compares Thanapiriya Public Company Limited's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $85,134,279
- Average return on equity (ROE) among peers: 19.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thanapiriya Public Company Limited (TNP) | ฿1.26 Billion | 23.03% | 0.29x | $17.80 Million |
| K&K Superstore Southern Public Company Limited (KK) | $85.13 Million | 19.10% | 2.67x | $3.78 Million |