The Practical Solution Public Company Limited
The Practical Solution Public Company Limited engages in the distribution and installation of computer network systems in Thailand. The company operates through Sales Including Instalment; Maintenance services; Construction; and Others segments. It distributes and installs fully integrated communication, wireless communication, network security, and management systems, as well as offers computer … Read more
The Practical Solution Public Company Limited (TPS) - Net Assets
Latest net assets as of September 2025: ฿691.25 Million THB
Based on the latest financial reports, The Practical Solution Public Company Limited (TPS) has net assets worth ฿691.25 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.22 Billion) and total liabilities (฿533.28 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 | ฿691.25 Million |
| % of Total Assets | 56.45% |
| Annual Growth Rate | 23.56% |
| 5-Year Change | 87.05% |
| 10-Year Change | N/A |
| Growth Volatility | 30.74 |
The Practical Solution Public Company Limited - Net Assets Trend (2015–2024)
This chart illustrates how The Practical Solution 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 The Practical Solution Public Company Limited (2015–2024)
The table below shows the annual net assets of The Practical Solution Public Company Limited from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿710.21 Million | +25.38% |
| 2023-12-31 | ฿566.42 Million | +24.71% |
| 2022-12-31 | ฿454.18 Million | +11.54% |
| 2021-12-31 | ฿407.18 Million | +7.24% |
| 2020-12-31 | ฿379.70 Million | -0.04% |
| 2019-12-31 | ฿379.84 Million | +105.82% |
| 2018-12-31 | ฿184.55 Million | +10.20% |
| 2017-12-31 | ฿167.46 Million | +9.15% |
| 2016-12-31 | ฿153.42 Million | +45.07% |
| 2015-12-31 | ฿105.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Practical Solution 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 284.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿242.60 Million | 34.95% |
| Other Components | ฿451.57 Million | 65.05% |
| Total Equity | ฿694.17 Million | 100.00% |
The Practical Solution Public Company Limited Competitors by Market Cap
The table below lists competitors of The Practical Solution Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pacific Orient Bhd
KLSE:6009
|
$10.96 Million |
|
Shalimar Paints Limited
NSE:SHALPAINTS
|
$10.96 Million |
|
Revium Recovery Inc
PINK:RVRC
|
$10.96 Million |
|
BEYOND MED TEC. INC. NEW
F:7FM
|
$10.96 Million |
|
Nosa Med AB
ST:NOSA
|
$10.96 Million |
|
Advtech
JSE:ADH
|
$10.95 Million |
|
Renova Energia S.A
SA:RNEW11
|
$10.95 Million |
|
Amata VN PCL
BK:AMATAV
|
$10.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Practical Solution Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 559,223,653 to 694,173,931, a change of 134,950,278 (24.1%).
- Net income of 135,472,237 contributed positively to equity growth.
- Dividend payments of 74,931,709 reduced retained earnings.
- Share repurchases of 3,575,336 reduced equity.
- Other comprehensive income decreased equity by 22,679,602.
- Other factors increased equity by 100,664,688.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿135.47 Million | +19.52% |
| Dividends Paid | ฿74.93 Million | -10.79% |
| Share Repurchases | ฿3.58 Million | -0.52% |
| Other Comprehensive Income | ฿-22.68 Million | -3.27% |
| Other Changes | ฿100.66 Million | +14.5% |
| Total Change | ฿- | 24.13% |
Book Value vs Market Value Analysis
This analysis compares The Practical Solution 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: 2.01x
- 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 10.55x to 2.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | ฿0.31 | ฿3.32 | x |
| 2016-12-31 | ฿0.46 | ฿3.32 | x |
| 2017-12-31 | ฿0.50 | ฿3.32 | x |
| 2018-12-31 | ฿0.55 | ฿3.32 | x |
| 2019-12-31 | ฿1.49 | ฿3.32 | x |
| 2020-12-31 | ฿1.12 | ฿3.32 | x |
| 2021-12-31 | ฿1.27 | ฿3.32 | x |
| 2022-12-31 | ฿1.33 | ฿3.32 | x |
| 2023-12-31 | ฿1.49 | ฿3.32 | x |
| 2024-12-31 | ฿1.65 | ฿3.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Practical Solution 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): 19.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.50%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.84x
- Recent ROE (19.52%) is below the historical average (21.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 25.37% | 5.38% | 1.56x | 3.03x | ฿16.26 Million |
| 2016 | 41.06% | 10.47% | 1.85x | 2.12x | ฿47.66 Million |
| 2017 | 32.27% | 6.38% | 2.58x | 1.96x | ฿37.29 Million |
| 2018 | 22.76% | 7.83% | 1.41x | 2.06x | ฿23.55 Million |
| 2019 | 12.88% | 7.65% | 1.01x | 1.66x | ฿10.94 Million |
| 2020 | 14.30% | 7.35% | 1.19x | 1.63x | ฿16.21 Million |
| 2021 | 9.56% | 6.64% | 0.75x | 1.91x | ฿-1.77 Million |
| 2022 | 16.69% | 7.77% | 1.10x | 1.96x | ฿30.41 Million |
| 2023 | 20.81% | 8.61% | 1.22x | 1.97x | ฿60.45 Million |
| 2024 | 19.52% | 8.50% | 1.25x | 1.84x | ฿66.05 Million |
Industry Comparison
This section compares The Practical Solution Public Company Limited's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $835,050,030
- Average return on equity (ROE) among peers: 4.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Practical Solution Public Company Limited (TPS) | ฿691.25 Million | 25.37% | 0.77x | $10.96 Million |
| ALT Telecom Public Company Limited (ALT) | $1.61 Billion | 1.36% | 1.25x | $12.78 Million |
| Interlink Communication Public Company Limited (ILINK) | $460.60 Million | 17.68% | 0.35x | $34.91 Million |
| Planet Communications Asia Public Company Limited (PLANET) | $432.02 Million | -5.72% | 0.94x | $3.82 Million |