Thai Parcels Public Company Limited
Thai Parcels Public Company Limited provides transportation, unloading, and warehousing services in Thailand. It provides parcel pickup, packaging and bundling, fulfillment, optional delivery to destination, product tracking, car rental, proof of delivery return, cash-on-delivery, and customer service center for home appliances, furniture and bedding, exercise equipment, car tires, clothes, and a… Read more
Thai Parcels Public Company Limited (TPL) - Net Assets
Latest net assets as of June 2024: ฿811.95 Million THB
Based on the latest financial reports, Thai Parcels Public Company Limited (TPL) has net assets worth ฿811.95 Million THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.02 Billion) and total liabilities (฿208.40 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 | ฿811.95 Million |
| % of Total Assets | 79.58% |
| Annual Growth Rate | 40.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 40.7 |
Thai Parcels Public Company Limited - Net Assets Trend (2021–2023)
This chart illustrates how Thai Parcels 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 Thai Parcels Public Company Limited (2021–2023)
The table below shows the annual net assets of Thai Parcels Public Company Limited from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿813.76 Million | +86.70% |
| 2022-12-31 | ฿435.85 Million | +5.30% |
| 2021-12-31 | ฿413.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Parcels 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 80.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿41.54 Million | 5.10% |
| Other Components | ฿772.22 Million | 94.90% |
| Total Equity | ฿813.76 Million | 100.00% |
Thai Parcels Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Parcels Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EITA Resources Bhd
KLSE:5208
|
$7.75 Million |
|
Mytrex Health Technologies, Inc.
TWO:4431
|
$7.76 Million |
|
TAS Offshore Bhd
KLSE:5149
|
$7.76 Million |
|
Rambler Metals and Mining PLC
PINK:RBMTF
|
$7.76 Million |
|
RUGBY RESOURCES LTD
F:64O
|
$7.75 Million |
|
Nuenergy Gas Ltd
AU:NGY
|
$7.75 Million |
|
Plurilock Security Inc
OTCQB:PLCKF
|
$7.75 Million |
|
Amarin Printing and Publishing Public Company Limited
BK:AMARIN
|
$7.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Parcels Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 435,852,216 to 813,756,288, a change of 377,904,072 (86.7%).
- Net loss of 3,154,386 reduced equity.
- New share issuances of 380,202,133 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-3.15 Million | -0.39% |
| Share Issuances | ฿380.20 Million | +46.72% |
| Other Changes | ฿856.33K | +0.11% |
| Total Change | ฿- | 86.70% |
Book Value vs Market Value Analysis
This analysis compares Thai Parcels 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: 0.30x
- 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 0.58x to 0.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ฿0.79 | ฿0.46 | x |
| 2022-12-31 | ฿0.83 | ฿0.46 | x |
| 2023-12-31 | ฿1.55 | ฿0.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Parcels 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): -0.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.63%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.28x
- Recent ROE (-0.39%) is below the historical average (3.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 5.15% | 4.06% | 0.85x | 1.49x | ฿-20.07 Million |
| 2022 | 4.84% | 4.39% | 0.75x | 1.47x | ฿-22.47 Million |
| 2023 | -0.39% | -0.63% | 0.48x | 1.28x | ฿-84.53 Million |
Industry Comparison
This section compares Thai Parcels Public Company Limited's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $952,027,553
- Average return on equity (ROE) among peers: 14.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Parcels Public Company Limited (TPL) | ฿811.95 Million | 5.15% | 0.26x | $7.75 Million |
| Begistics Public Company Limited (B) | $2.17 Billion | 3.29% | 0.11x | $7.40 Million |
| Euroasia Total Logistics PCL (ETL) | $367.94 Million | 28.86% | 2.08x | $2.31 Million |
| Triple i Logistics Public Company Limited (III) | $2.67 Billion | 29.78% | 0.38x | $42.36 Million |
| Leo Global Logistics Public Company Limited (LEO) | $113.28 Million | 15.06% | 1.86x | $9.02 Million |
| M P J Logistics Public Company Limited (MPJ) | $6.55 Million | 4.12% | 3.22x | $10.15 Million |
| NCL International Logistics Public Company Limited (NCL) | $325.21 Million | 6.01% | 0.64x | $2.61 Million |
| Sino Logistics Corporation Public Company Limited (SINO) | $862.13 Million | 6.11% | 0.59x | $8.44 Million |
| SCGJWD LOGISTICS PCL NON-VOTING DR (SJWD) | $1.49 Billion | 25.19% | 1.78x | $87.91 Million |
| Sonic Interfreight Public Company Limited (SONIC) | $560.83 Million | 8.31% | 0.50x | $15.83 Million |