Thai Nam Plastic Public Company Limited (TNPC) - Net Assets

Latest as of September 2025: ฿421.69 Million THB ≈ $13.14 Million USD

Based on the latest financial reports, Thai Nam Plastic Public Company Limited (TNPC) has net assets worth ฿421.69 Million THB (≈ $13.14 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 (฿1.20 Billion ≈ $37.25 Million USD) and total liabilities (฿773.48 Million ≈ $24.11 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 Thai Nam Plastic Public Company Limited (TNPC) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿421.69 Million
% of Total Assets	35.28%
Annual Growth Rate	N/A
5-Year Change	27.21%
10-Year Change	-9.79%
Growth Volatility	32.89

Thai Nam Plastic Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Thai Nam Plastic Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Thai Nam Plastic Public Company Limited market capitalisation.

Annual Net Assets for Thai Nam Plastic Public Company Limited (2000–2024)

The table below shows the annual net assets of Thai Nam Plastic Public Company Limited from 2000 to 2024. Also explore Thai Nam Plastic Public Company Limited (TNPC) equity growth momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	฿563.23 Million ≈ $17.56 Million	+4.28%
2023-12-31	฿540.10 Million ≈ $16.83 Million	+7.16%
2022-12-31	฿504.02 Million ≈ $15.71 Million	-3.23%
2021-12-31	฿520.82 Million ≈ $16.23 Million	+17.63%
2020-12-31	฿442.76 Million ≈ $13.80 Million	-4.29%
2019-12-31	฿462.62 Million ≈ $14.42 Million	-19.47%
2018-12-31	฿574.44 Million ≈ $17.90 Million	+1.18%
2017-12-31	฿567.74 Million ≈ $17.70 Million	-6.02%
2016-12-31	฿604.09 Million ≈ $18.83 Million	-3.25%
2015-12-31	฿624.36 Million ≈ $19.46 Million	+5.26%
2014-12-31	฿593.17 Million ≈ $18.49 Million	-21.32%
2013-12-31	฿753.88 Million ≈ $23.50 Million	+28.86%
2012-12-31	฿585.05 Million ≈ $18.24 Million	+32.45%
2011-12-31	฿441.71 Million ≈ $13.77 Million	-31.86%
2010-12-31	฿648.21 Million ≈ $20.20 Million	-5.29%
2009-12-31	฿684.39 Million ≈ $21.33 Million	-45.06%
2008-12-31	฿1.25 Billion ≈ $38.83 Million	+1153.50%
2007-12-31	฿-118.25 Million ≈ $-3.69 Million	-637.69%
2006-12-31	฿-16.03 Million ≈ $-499.63K	-109.98%
2005-12-31	฿160.67 Million ≈ $5.01 Million	+40.24%
2004-12-31	฿114.56 Million ≈ $3.57 Million	-42.78%
2003-12-31	฿200.20 Million ≈ $6.24 Million	+269.02%
2002-12-31	฿-118.45 Million ≈ $-3.69 Million	0.00%
2001-12-31	฿-118.45 Million ≈ $-3.69 Million	+31.62%
2000-12-31	฿-173.22 Million ≈ $-5.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thai Nam Plastic 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 77553482250.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿165.11 Million	29.31%
Common Stock	฿340.81 Million	60.51%
Other Comprehensive Income	฿34.35 Million	6.10%
Other Components	฿22.96 Million	4.08%
Total Equity	฿563.23 Million	100.00%

Thai Nam Plastic Public Company Limited Competitors by Market Cap

The table below lists competitors of Thai Nam Plastic Public Company Limited ranked by their market capitalization.

Company	Market Cap
YLI Holdings Bhd KLSE:7014	$9.35 Million
ReShape Lifesciences Inc NASDAQ:RSLS	$9.35 Million
Morien Resources Corp V:MOX	$9.36 Million
Biovica International AB (publ) ST:BIOVIC-B	$9.36 Million
Bram Indus TA:BRAM	$9.34 Million
Hengli Industrial Development Group Co Ltd SHE:000622	$9.33 Million
O.R.T. TA:ORTC	$9.33 Million
Carver Bancorp Inc NASDAQ:CARV	$9.33 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thai Nam Plastic Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 540,099,384 to 563,230,497, a change of 23,131,113 (4.3%).
Net loss of 135,891,324 reduced equity.
Dividend payments of 6,053,733 reduced retained earnings.
Other comprehensive income decreased equity by 20,959,203.
Other factors increased equity by 186,035,372.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-135.89 Million	-24.13%
Dividends Paid	฿6.05 Million	-1.07%
Other Comprehensive Income	฿-20.96 Million	-3.72%
Other Changes	฿186.04 Million	+33.03%
Total Change	฿-	4.28%

Book Value vs Market Value Analysis

This analysis compares Thai Nam Plastic 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: 0.53x
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
2002-12-31	฿-0.58	฿0.88	x
2006-12-31	฿1.17	฿0.88	x
2007-12-31	฿1.21	฿0.88	x
2008-12-31	฿1.98	฿0.88	x
2009-12-31	฿1.91	฿0.88	x
2010-12-31	฿1.79	฿0.88	x
2011-12-31	฿1.19	฿0.88	x
2012-12-31	฿1.61	฿0.88	x
2013-12-31	฿2.11	฿0.88	x
2014-12-31	฿1.66	฿0.88	x
2015-12-31	฿1.76	฿0.88	x
2016-12-31	฿1.77	฿0.88	x
2017-12-31	฿1.67	฿0.88	x
2018-12-31	฿1.69	฿0.88	x
2019-12-31	฿1.36	฿0.88	x
2020-12-31	฿1.30	฿0.88	x
2021-12-31	฿1.53	฿0.88	x
2022-12-31	฿1.48	฿0.88	x
2023-12-31	฿1.58	฿0.88	x
2024-12-31	฿1.65	฿0.88	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thai Nam Plastic 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): -24.13%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -10.03%
• Asset Turnover: 1.03x
• Equity Multiplier: 2.33x
Recent ROE (-24.13%) is below the historical average (5.94%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	0.00%	4.61%	1.16x	0.00x	฿66.60 Million
2005	63.07%	6.18%	0.89x	11.44x	฿69.28 Million
2006	9.81%	2.64%	3.38x	1.10x	฿-576.33K
2007	2.25%	0.93%	2.25x	1.08x	฿-32.04 Million
2008	44.62%	26.48%	0.70x	2.42x	฿233.68 Million
2009	4.39%	3.26%	0.58x	2.34x	฿-36.41 Million
2010	3.27%	1.78%	0.73x	2.53x	฿-41.09 Million
2011	-32.88%	-10.72%	0.85x	3.60x	฿-173.70 Million
2012	20.80%	7.31%	1.03x	2.77x	฿59.20 Million
2013	21.24%	11.43%	0.93x	1.99x	฿80.87 Million
2014	-1.65%	-0.83%	0.96x	2.07x	฿-65.96 Million
2015	5.67%	3.34%	0.90x	1.89x	฿-26.05 Million
2016	4.02%	2.38%	0.97x	1.73x	฿-36.11 Million
2017	-2.18%	-1.12%	1.08x	1.81x	฿-69.14 Million
2018	3.41%	1.75%	1.03x	1.90x	฿-37.84 Million
2019	-18.48%	-9.26%	1.03x	1.94x	฿-131.73 Million
2020	0.52%	0.32%	0.78x	2.10x	฿-41.96 Million
2021	16.58%	8.21%	0.97x	2.09x	฿34.27 Million
2022	-1.24%	-0.44%	1.10x	2.55x	฿-56.63 Million
2023	5.55%	1.89%	1.23x	2.38x	฿-24.03 Million
2024	-24.13%	-10.03%	1.03x	2.33x	฿-192.21 Million

Industry Comparison

This section compares Thai Nam Plastic Public Company Limited's net assets metrics with peer companies in the Auto Parts industry.

Industry Context

Industry: Auto Parts
Average net assets among peers: $1,680,176,598
Average return on equity (ROE) among peers: 12.31%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thai Nam Plastic Public Company Limited (TNPC)	฿421.69 Million	0.00%	1.83x	$9.35 Million
AAPICO Hitech Public Company Limited (AH)	$4.12 Billion	17.26%	0.48x	$162.37 Million
CPR Gomu Industrial PCL (CPR)	$504.13 Million	8.77%	0.16x	$16.00 Million
Chai Watana Tannery Group Public Company Limited (CWT)	$1.37 Billion	3.86%	1.60x	$17.87 Million
Fortune Parts Industry Public Company Limited (FPI)	$266.36 Million	9.99%	3.28x	$78.76 Million
Goodyear (Thailand) Public Company Limited (GYT)	$3.63 Billion	1.83%	1.21x	$42.67 Million
Hwa Fong Rubber (Thailand) Public Company Limited (HFT)	$3.54 Billion	13.02%	0.22x	$84.14 Million
Interhides Public Company Limited (IHL)	$708.87 Million	20.94%	2.03x	$25.31 Million
Ingress Industrial (Thailand) Public Company Limited (INGRS)	$2.07 Billion	2.13%	2.29x	$16.24 Million
Inoue Rubber (Thailand) Public Company Limited (IRC)	$481.30 Million	14.55%	1.94x	$80.28 Million
N.D. Rubber Public Company Limited (NDR)	$113.46 Million	30.73%	2.24x	$26.20 Million

About Thai Nam Plastic Public Company Limited

BK:TNPC Thailand Auto Parts

Market Cap

$9.35 Million

฿299.92 Million THB

Market Cap Rank

#27353 Global

#572 in Thailand

Share Price

฿0.88

Change (1 day)

-3.30%

52-Week Range

฿0.75 - ฿0.99

All Time High

฿3.90