TRC Construction Public Company Limited Net Assets

Latest as of September 2025: ฿20.21 Million THB ≈ $629.80K USD

TRC Construction Public Company Limited net assets. Based on the latest financial reports, TRC Construction Public Company Limited (TRC) has net assets worth ฿20.21 Million THB (≈ $629.80K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.59 Billion ≈ $111.85 Million USD) and total liabilities (฿3.57 Billion ≈ $111.22 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. Also explore net asset growth rate of TRC Construction Public Company Limited to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿20.21 Million
% of Total Assets	0.56%
Annual Growth Rate	N/A
5-Year Change	-161.5%
10-Year Change	-110.08%
Growth Volatility	96.72

Net Assets of TRC Construction Public Company Limited (2004–2024)

Net assets of TRC Construction Public Company Limited from 2004 to 2024. This chart illustrates how TRC Construction Public Company Limited's net assets have evolved over time, based on quarterly financial data. See TRC equity to assets ratio to measure how much of total assets are equity-financed.

Annual Net Assets for TRC Construction Public Company Limited (2004–2024)

The table below shows the annual net assets of TRC Construction Public Company Limited from 2004 to 2024. For live market cap and overall valuation, see TRC Construction Public Company Limited stock valuation.

Year	Net Assets	Change
2024-12-31	฿-243.98 Million ≈ $-7.60 Million	-2.21%
2023-12-31	฿-238.71 Million ≈ $-7.44 Million	-178.83%
2022-12-31	฿302.83 Million ≈ $9.44 Million	-17.67%
2021-12-31	฿367.80 Million ≈ $11.46 Million	-7.29%
2020-12-31	฿396.70 Million ≈ $12.36 Million	-52.75%
2019-12-31	฿839.59 Million ≈ $26.17 Million	+19.43%
2018-12-31	฿703.02 Million ≈ $21.91 Million	-74.49%
2017-12-31	฿2.76 Billion ≈ $85.90 Million	+2.68%
2016-12-31	฿2.68 Billion ≈ $83.65 Million	+10.87%
2015-12-31	฿2.42 Billion ≈ $75.45 Million	+75.70%
2014-12-31	฿1.38 Billion ≈ $42.94 Million	+19.40%
2013-12-31	฿1.15 Billion ≈ $35.96 Million	+17.36%
2012-12-31	฿983.20 Million ≈ $30.65 Million	+23.30%
2011-12-31	฿797.43 Million ≈ $24.86 Million	+17.62%
2010-12-31	฿677.96 Million ≈ $21.13 Million	+34.31%
2009-12-31	฿504.79 Million ≈ $15.73 Million	-30.49%
2008-12-31	฿726.21 Million ≈ $22.64 Million	+21.38%
2007-12-31	฿598.27 Million ≈ $18.65 Million	+142.24%
2006-12-31	฿246.97 Million ≈ $7.70 Million	+16.96%
2005-12-31	฿211.15 Million ≈ $6.58 Million	+337.21%
2004-12-31	฿48.30 Million ≈ $1.51 Million	--

Equity Component Analysis

This analysis shows how different components contribute to TRC Construction 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 decreased by 25861.9% over the analyzed period, potentially due to dividend distributions or operating losses.

TRC Construction Public Company Limited Net Assets Breakdown (December 2024)

TRC Construction Public Company Limited net assets breakdown by equity component as of December 2024.

Component	Amount	Percentage
Other Components	฿1.89 Billion	%
Total Equity	฿-245.93 Million	100.00%

TRC Construction Public Company Limited Competitors by Market Cap

The table below lists competitors of TRC Construction Public Company Limited ranked by their market capitalization.

Company	Market Cap
Legend Power Systems Inc V:LPS	$13.51 Million
SBC Corp Bhd KLSE:5207	$13.51 Million
Steel City Securities Limited NSE:STEELCITY	$13.51 Million
Finlay Minerals Ltd V:FYL	$13.52 Million
Pantera Silver Corp V:PNTR	$13.51 Million
Torrent Capital Ltd V:TORR	$13.50 Million
Xinyuan Real Estate Co Ltd NYSE:XIN	$13.49 Million
FACILITIES BY ADF LS-01 F:ZC8	$13.49 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from -240,658,787 to -245,930,000, a change of -5,271,213.
Net loss of 683,043,000 reduced equity.
New share issuances of 479,357,000 increased equity.
Other comprehensive income decreased equity by 15,108,533.
Other factors increased equity by 213,523,320.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-683.04 Million	-277.74%
Share Issuances	฿479.36 Million	+194.92%
Other Comprehensive Income	฿-15.11 Million	-6.14%
Other Changes	฿213.52 Million	+86.82%
Total Change	฿-	%

Book Value vs Market Value Analysis

This analysis compares TRC Construction 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

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	฿0.12	฿0.31	x
2005-12-31	฿0.10	฿0.31	x
2006-12-31	฿0.10	฿0.31	x
2007-12-31	฿0.17	฿0.31	x
2008-12-31	฿0.14	฿0.31	x
2009-12-31	฿0.09	฿0.31	x
2010-12-31	฿0.13	฿0.31	x
2011-12-31	฿0.14	฿0.31	x
2012-12-31	฿0.15	฿0.31	x
2013-12-31	฿0.18	฿0.31	x
2014-12-31	฿0.21	฿0.31	x
2015-12-31	฿0.35	฿0.31	x
2016-12-31	฿0.37	฿0.31	x
2017-12-31	฿0.38	฿0.31	x
2018-12-31	฿0.10	฿0.31	x
2019-12-31	฿0.10	฿0.31	x
2020-12-31	฿0.04	฿0.31	x
2021-12-31	฿0.04	฿0.31	x
2022-12-31	฿0.03	฿0.31	x
2023-12-31	฿-0.03	฿0.31	x
2024-12-31	฿-0.25	฿0.31	x

Capital Efficiency Dashboard

This dashboard shows how efficiently TRC Construction 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): 0.00%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -51.56%
• Asset Turnover: 0.36x
• Equity Multiplier: 0.00x
Recent ROE (0.00%) is above the historical average (-13.89%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	17.15%	6.47%	1.77x	1.49x	฿3.45 Million
2005	14.54%	6.03%	1.14x	2.12x	฿9.59 Million
2006	20.58%	6.90%	1.80x	1.66x	฿26.12 Million
2007	16.03%	5.97%	1.56x	1.72x	฿36.08 Million
2008	17.62%	6.96%	1.40x	1.80x	฿54.60 Million
2009	-32.51%	-9.34%	1.87x	1.86x	฿-210.52 Million
2010	27.51%	12.58%	1.34x	1.63x	฿116.37 Million
2011	19.46%	6.69%	0.94x	3.10x	฿72.43 Million
2012	24.83%	5.58%	1.73x	2.58x	฿143.68 Million
2013	10.91%	5.00%	1.28x	1.71x	฿10.58 Million
2014	15.53%	6.94%	1.18x	1.90x	฿76.54 Million
2015	12.52%	7.89%	0.85x	1.87x	฿61.58 Million
2016	10.72%	7.86%	0.74x	1.84x	฿19.50 Million
2017	3.33%	3.92%	0.52x	1.65x	฿-185.56 Million
2018	-278.65%	-90.20%	0.74x	4.17x	฿-2.11 Billion
2019	-33.99%	-8.73%	0.91x	4.28x	฿-381.90 Million
2020	-105.03%	-14.21%	0.86x	8.64x	฿-489.68 Million
2021	-14.85%	-1.54%	0.94x	10.25x	฿-99.24 Million
2022	-37.47%	-3.37%	0.77x	14.49x	฿-142.59 Million
2023	0.00%	-25.23%	0.55x	0.00x	฿-516.25 Million
2024	0.00%	-51.56%	0.36x	0.00x	฿-658.45 Million

Industry Comparison

This section compares TRC Construction Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $6,836,565,516
Average return on equity (ROE) among peers: -26.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
TRC Construction Public Company Limited (TRC)	฿20.21 Million	17.15%	176.60x	$13.51 Million
Asia Precision Public Company Limited (APCS)	$1.79 Billion	0.49%	0.77x	$25.92 Million
CH. Karnchang PCL (CK)	$25.83 Billion	9.66%	2.23x	$927.04 Million
CH. Karnchang Public Company Limited (CK-R)	$21.85 Billion	9.16%	3.34x	$874.67 Million
Christiani & Nielsen (Thai) Public Company Limited (CNT)	$-1.04 Billion	0.00%	0.00x	$99.32 Million
Chiangmai Rimdoi Public Company Limited (CRD)	$446.36 Million	3.65%	1.23x	$6.86 Million
Demco Public Company Limited (DEMCO)	$2.98 Billion	-5.39%	1.50x	$84.11 Million
EMC Public Company Limited (EMC)	$782.91 Million	18.70%	1.39x	$7.84 Million
Floyd Public Company Limited (FLOYD)	$274.04 Million	42.29%	0.47x	$14.82 Million
Hydrotek Public Company Limited (HYDRO)	$20.44 Million	-350.79%	17.10x	$3.26 Million
Italian-Thai Development Public Company Limited (ITD)	$15.43 Billion	3.39%	3.78x	$54.31 Million

About TRC Construction Public Company Limited

BK:TRC Thailand Engineering & Construction

Market Cap

$13.51 Million

฿433.29 Million THB

Market Cap Rank

#26118 Global

#531 in Thailand

Share Price

฿0.31

Change (1 day)

-3.13%

52-Week Range

฿0.30 - ฿0.68

All Time High

฿15.12