Thai Nippon Rubber Industry Public Co. Ltd
Thai Nippon Rubber Industry Public Co., Ltd., together with its subsidiaries, manufactures and distributes condoms and lubricating gels under the ONETOUCH brand in Thailand and internationally. The company also offers medicinal plants and paper packaging products, and other printing, including herbal extraction products. In addition, it provides analytical, research, and test services to find sub… Read more
Thai Nippon Rubber Industry Public Co. Ltd (TNR) - Net Assets
Latest net assets as of September 2025: ฿1.31 Billion THB
Based on the latest financial reports, Thai Nippon Rubber Industry Public Co. Ltd (TNR) has net assets worth ฿1.31 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 (฿2.59 Billion) and total liabilities (฿1.27 Billion). 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 | ฿1.31 Billion |
| % of Total Assets | 50.73% |
| Annual Growth Rate | 11.38% |
| 5-Year Change | 5.66% |
| 10-Year Change | 114.49% |
| Growth Volatility | 21.5 |
Thai Nippon Rubber Industry Public Co. Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Thai Nippon Rubber Industry Public Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thai Nippon Rubber Industry Public Co. Ltd (2012–2024)
The table below shows the annual net assets of Thai Nippon Rubber Industry Public Co. Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.33 Billion | +38.31% |
| 2023-12-31 | ฿960.51 Million | +2.80% |
| 2022-12-31 | ฿934.35 Million | +29.72% |
| 2021-12-31 | ฿720.29 Million | -42.71% |
| 2020-12-31 | ฿1.26 Billion | +2.45% |
| 2019-12-31 | ฿1.23 Billion | +3.27% |
| 2018-12-31 | ฿1.19 Billion | +17.63% |
| 2017-12-31 | ฿1.01 Billion | +11.96% |
| 2016-12-31 | ฿902.43 Million | +45.70% |
| 2015-12-31 | ฿619.36 Million | +20.02% |
| 2014-12-31 | ฿516.04 Million | +21.21% |
| 2013-12-31 | ฿425.73 Million | +16.75% |
| 2012-12-31 | ฿364.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Nippon Rubber Industry Public Co. Ltd'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 259.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿620.59 Million | 46.71% |
| Common Stock | ฿300.00 Million | 22.58% |
| Other Comprehensive Income | ฿30.00 Million | 2.26% |
| Other Components | ฿377.89 Million | 28.45% |
| Total Equity | ฿1.33 Billion | 100.00% |
Thai Nippon Rubber Industry Public Co. Ltd Competitors by Market Cap
The table below lists competitors of Thai Nippon Rubber Industry Public Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Medinotec Inc.
PINK:MDNC
|
$9.06 Million |
|
Sunrise New Energy Co. Ltd
NASDAQ:EPOW
|
$9.06 Million |
|
Tri Viet Securities Joint Stock Corp
VN:TVB
|
$9.06 Million |
|
Falcon Metals Limited
PINK:FALFF
|
$9.06 Million |
|
Scope Industries Bhd
KLSE:0028
|
$9.06 Million |
|
MONOLITHIC POWER (NQG.SG)
STU:NQG
|
$9.06 Million |
|
Censof Holdings Bhd
KLSE:5195
|
$9.05 Million |
|
KEKROPS H.T.B. INH EO-30
F:KE1
|
$9.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Nippon Rubber Industry Public Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 960,509,000 to 1,328,482,000, a change of 367,973,000 (38.3%).
- Net income of 533,033,000 contributed positively to equity growth.
- Dividend payments of 165,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,496,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿533.03 Million | +40.12% |
| Dividends Paid | ฿165.00 Million | -12.42% |
| Other Comprehensive Income | ฿6.50 Million | +0.49% |
| Other Changes | ฿-6.56 Million | -0.49% |
| Total Change | ฿- | 38.31% |
Book Value vs Market Value Analysis
This analysis compares Thai Nippon Rubber Industry Public Co. Ltd'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: 1.10x
- 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 3.98x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿1.22 | ฿4.84 | x |
| 2013-12-31 | ฿1.42 | ฿4.84 | x |
| 2014-12-31 | ฿1.72 | ฿4.84 | x |
| 2015-12-31 | ฿2.06 | ฿4.84 | x |
| 2016-12-31 | ฿3.92 | ฿4.84 | x |
| 2017-12-31 | ฿3.37 | ฿4.84 | x |
| 2018-12-31 | ฿3.96 | ฿4.84 | x |
| 2019-12-31 | ฿4.09 | ฿4.84 | x |
| 2020-12-31 | ฿4.19 | ฿4.84 | x |
| 2021-12-31 | ฿2.40 | ฿4.84 | x |
| 2022-12-31 | ฿3.11 | ฿4.84 | x |
| 2023-12-31 | ฿3.20 | ฿4.84 | x |
| 2024-12-31 | ฿4.39 | ฿4.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Nippon Rubber Industry Public Co. Ltd 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): 40.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.37%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.65x
- Recent ROE (40.12%) is above the historical average (15.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 16.29% | 4.40% | 1.16x | 3.20x | ฿22.95 Million |
| 2013 | 22.68% | 9.17% | 0.86x | 2.89x | ฿53.97 Million |
| 2014 | 21.04% | 9.18% | 0.99x | 2.32x | ฿56.95 Million |
| 2015 | 37.78% | 17.97% | 1.13x | 1.85x | ฿172.04 Million |
| 2016 | 21.51% | 16.14% | 1.00x | 1.33x | ฿103.91 Million |
| 2017 | 12.00% | 9.37% | 1.03x | 1.25x | ฿20.16 Million |
| 2018 | 23.07% | 17.85% | 0.77x | 1.67x | ฿155.30 Million |
| 2019 | 8.16% | 5.74% | 0.87x | 1.64x | ฿-22.63 Million |
| 2020 | 8.86% | 6.35% | 0.86x | 1.62x | ฿-14.30 Million |
| 2021 | -64.53% | -28.11% | 1.03x | 2.22x | ฿-536.87 Million |
| 2022 | 28.07% | 13.22% | 1.12x | 1.90x | ฿168.87 Million |
| 2023 | 21.03% | 10.32% | 1.09x | 1.88x | ฿105.95 Million |
| 2024 | 40.12% | 25.37% | 0.96x | 1.65x | ฿400.18 Million |
Industry Comparison
This section compares Thai Nippon Rubber Industry Public Co. Ltd's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $657,741,238
- Average return on equity (ROE) among peers: 35.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Nippon Rubber Industry Public Co. Ltd (TNR) | ฿1.31 Billion | 16.29% | 0.97x | $9.06 Million |
| 88(Thailand) Public Company Limited (88TH) | $221.11 Million | 25.22% | 0.28x | $15.31 Million |
| Asian Phytoceuticals Public Company Limited (APCO) | $610.51 Million | 13.25% | 0.11x | $16.52 Million |
| Bangkok Lab & Cosmetic PCL (BLC) | $281.51 Million | 44.66% | 3.31x | $12.24 Million |
| Do Day Dream Public Company Limited (DDD) | $374.95 Million | 87.48% | 1.07x | $16.05 Million |
| Jack Chia Industries (Thailand) Public Company Limited (JCT) | $1.31 Billion | 6.77% | 0.23x | $6.30 Million |
| Karmarts Public Company Limited (KAMART) | $107.26 Million | 73.53% | 13.45x | $183.04 Million |
| Rojukiss International Public Company Limited (KISS) | $1.09 Billion | 12.03% | 0.29x | $24.62 Million |
| Moong Pattana International Public Company Limited (MOONG) | $736.89 Million | 17.52% | 0.30x | $6.29 Million |
| Neo Corporate Pcl (NEO) | $1.57 Billion | 52.93% | 3.65x | $52.82 Million |
| Nutrition Profess Public Company Limited (NUT) | $279.67 Million | 19.72% | 0.77x | $1.15K |