Thai Rung Union Car Public Company Limited
Thai Rung Union Car Public Company Limited engages in the car assembly and modification, and the manufacture and distribution of parts and molds in Thailand. It operates through three segments: Car Assembly and Other Related Car Services; Manufacture of Equipment for Production of Car Accessories; and Sales of Cars, and Car Service Centre Business. The company manufactures and sells dies, includi… Read more
Thai Rung Union Car Public Company Limited (TRU) - Net Assets
Latest net assets as of September 2025: ฿3.97 Billion THB
Based on the latest financial reports, Thai Rung Union Car Public Company Limited (TRU) has net assets worth ฿3.97 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 (฿4.41 Billion) and total liabilities (฿442.46 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 | ฿3.97 Billion |
| % of Total Assets | 89.96% |
| Annual Growth Rate | 3.08% |
| 5-Year Change | 21.0% |
| 10-Year Change | 21.6% |
| Growth Volatility | 6.54 |
Thai Rung Union Car Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Thai Rung Union Car 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 Rung Union Car Public Company Limited (2000–2024)
The table below shows the annual net assets of Thai Rung Union Car Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.97 Billion | +7.17% |
| 2023-12-31 | ฿3.70 Billion | -0.45% |
| 2022-12-31 | ฿3.72 Billion | +11.17% |
| 2021-12-31 | ฿3.35 Billion | +2.02% |
| 2020-12-31 | ฿3.28 Billion | -4.91% |
| 2019-12-31 | ฿3.45 Billion | +3.21% |
| 2018-12-31 | ฿3.34 Billion | +2.91% |
| 2017-12-31 | ฿3.25 Billion | +0.50% |
| 2016-12-31 | ฿3.23 Billion | -1.01% |
| 2015-12-31 | ฿3.26 Billion | +1.65% |
| 2014-12-31 | ฿3.21 Billion | +1.85% |
| 2013-12-31 | ฿3.15 Billion | +2.06% |
| 2012-12-31 | ฿3.09 Billion | +16.93% |
| 2011-12-31 | ฿2.64 Billion | +5.22% |
| 2010-12-31 | ฿2.51 Billion | +7.40% |
| 2009-12-31 | ฿2.34 Billion | -4.78% |
| 2008-12-31 | ฿2.46 Billion | -0.48% |
| 2007-12-31 | ฿2.47 Billion | -0.86% |
| 2006-12-31 | ฿2.49 Billion | -3.35% |
| 2005-12-31 | ฿2.57 Billion | -6.29% |
| 2004-12-31 | ฿2.75 Billion | +15.25% |
| 2003-12-31 | ฿2.38 Billion | +2.13% |
| 2002-12-31 | ฿2.33 Billion | +2.37% |
| 2001-12-31 | ฿2.28 Billion | +19.06% |
| 2000-12-31 | ฿1.92 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Rung Union Car 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 228.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.37 Billion | 60.54% |
| Other Components | ฿1.54 Billion | 39.46% |
| Total Equity | ฿3.91 Billion | 100.00% |
Thai Rung Union Car Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Rung Union Car Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GLOSTER LTD (BSE)
NSE:GLOSTERLTD
|
$17.96 Million |
|
Oxiquim S.A
SN:OXIQUIM
|
$17.96 Million |
|
Entropy Neurodynamics Limited
PINK:TYPTF
|
$17.96 Million |
|
Yayla Enerji Uretim Turizm ve
IS:YAYLA
|
$17.97 Million |
|
Kalina Power Ltd
AU:KPO
|
$17.95 Million |
|
Iljin Display
KO:020760
|
$17.95 Million |
|
Nu Ride Inc
OTCMKTS:NRDE
|
$17.94 Million |
|
Spacenet Enterprises India Limited
NSE:SPCENET
|
$17.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Rung Union Car Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,645,490,458 to 3,911,436,841, a change of 265,946,383 (7.3%).
- Net income of 380,169,541 contributed positively to equity growth.
- Dividend payments of 134,502,034 reduced retained earnings.
- Other comprehensive income decreased equity by 91,429,506.
- Other factors increased equity by 111,708,382.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿380.17 Million | +9.72% |
| Dividends Paid | ฿134.50 Million | -3.44% |
| Other Comprehensive Income | ฿-91.43 Million | -2.34% |
| Other Changes | ฿111.71 Million | +2.86% |
| Total Change | ฿- | 7.30% |
Book Value vs Market Value Analysis
This analysis compares Thai Rung Union Car 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: 0.69x
- 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 1.10x to 0.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿3.61 | ฿3.98 | x |
| 2004-12-31 | ฿4.09 | ฿3.98 | x |
| 2005-12-31 | ฿3.89 | ฿3.98 | x |
| 2006-12-31 | ฿3.62 | ฿3.98 | x |
| 2007-12-31 | ฿3.61 | ฿3.98 | x |
| 2008-12-31 | ฿2.97 | ฿3.98 | x |
| 2009-12-31 | ฿3.42 | ฿3.98 | x |
| 2010-12-31 | ฿3.69 | ฿3.98 | x |
| 2011-12-31 | ฿3.94 | ฿3.98 | x |
| 2012-12-31 | ฿4.61 | ฿3.98 | x |
| 2013-12-31 | ฿4.70 | ฿3.98 | x |
| 2014-12-31 | ฿4.78 | ฿3.98 | x |
| 2015-12-31 | ฿4.88 | ฿3.98 | x |
| 2016-12-31 | ฿4.84 | ฿3.98 | x |
| 2017-12-31 | ฿4.87 | ฿3.98 | x |
| 2018-12-31 | ฿5.03 | ฿3.98 | x |
| 2019-12-31 | ฿5.21 | ฿3.98 | x |
| 2020-12-31 | ฿4.96 | ฿3.98 | x |
| 2021-12-31 | ฿4.99 | ฿3.98 | x |
| 2022-12-31 | ฿5.50 | ฿3.98 | x |
| 2023-12-31 | ฿5.46 | ฿3.98 | x |
| 2024-12-31 | ฿5.80 | ฿3.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Rung Union Car 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): 9.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.73%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.16x
- Recent ROE (9.72%) is above the historical average (7.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 25.38% | 27.95% | 0.67x | 1.35x | ฿341.32 Million |
| 2002 | 17.65% | 17.95% | 0.78x | 1.26x | ฿174.66 Million |
| 2003 | 14.04% | 10.06% | 1.01x | 1.38x | ฿96.33 Million |
| 2004 | 19.18% | 13.28% | 1.15x | 1.26x | ฿252.25 Million |
| 2005 | 4.65% | 3.93% | 0.87x | 1.36x | ฿-137.70 Million |
| 2006 | -1.09% | -1.08% | 0.86x | 1.17x | ฿-266.12 Million |
| 2007 | -0.49% | -0.49% | 0.83x | 1.19x | ฿-250.40 Million |
| 2008 | -0.38% | -0.41% | 0.80x | 1.17x | ฿-246.72 Million |
| 2009 | -4.93% | -8.26% | 0.52x | 1.14x | ฿-338.12 Million |
| 2010 | 9.00% | 11.13% | 0.68x | 1.19x | ฿-24.25 Million |
| 2011 | 7.27% | 9.06% | 0.68x | 1.17x | ฿-69.97 Million |
| 2012 | 18.56% | 15.88% | 0.91x | 1.29x | ฿256.33 Million |
| 2013 | 11.59% | 11.27% | 0.86x | 1.19x | ฿48.40 Million |
| 2014 | 4.91% | 6.76% | 0.62x | 1.17x | ฿-158.27 Million |
| 2015 | 4.58% | 7.11% | 0.56x | 1.15x | ฿-171.78 Million |
| 2016 | 2.49% | 4.40% | 0.50x | 1.14x | ฿-236.30 Million |
| 2017 | 2.62% | 4.04% | 0.56x | 1.15x | ฿-233.73 Million |
| 2018 | 5.55% | 7.17% | 0.64x | 1.20x | ฿-145.36 Million |
| 2019 | 8.30% | 11.78% | 0.60x | 1.17x | ฿-57.59 Million |
| 2020 | -2.81% | -5.93% | 0.41x | 1.15x | ฿-413.18 Million |
| 2021 | 2.38% | 3.96% | 0.51x | 1.17x | ฿-250.56 Million |
| 2022 | 10.77% | 13.66% | 0.67x | 1.18x | ฿28.03 Million |
| 2023 | 5.03% | 7.60% | 0.55x | 1.20x | ฿-181.32 Million |
| 2024 | 9.72% | 16.73% | 0.50x | 1.16x | ฿-10.97 Million |
Industry Comparison
This section compares Thai Rung Union Car 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: $1,824,130,983
- Average return on equity (ROE) among peers: 5.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Rung Union Car Public Company Limited (TRU) | ฿3.97 Billion | 25.38% | 0.11x | $17.95 Million |
| AAPICO Hitech Public Company Limited (AH) | $4.52 Billion | 5.09% | 1.05x | $75.69 Million |
| CPR Gomu Industrial PCL (CPR) | $475.50 Million | 13.62% | 0.18x | $3.23 Million |
| Chai Watana Tannery Group Public Company Limited (CWT) | $755.29 Million | 3.98% | 1.02x | $8.48 Million |
| Fortune Parts Industry Public Company Limited (FPI) | $1.33 Billion | 15.39% | 1.11x | $18.06 Million |
| Goodyear (Thailand) Public Company Limited (GYT) | $2.88 Billion | 8.09% | 0.26x | $7.50 Million |
| Hwa Fong Rubber (Thailand) Public Company Limited (HFT) | $1.19 Billion | 0.00% | 0.28x | $38.24 Million |
| Interhides Public Company Limited (IHL) | $1.64 Billion | 3.49% | 1.44x | $7.13 Million |
| Ingress Industrial (Thailand) Public Company Limited (INGRS) | $2.46 Billion | -3.09% | 0.68x | $4.78 Million |
| Inoue Rubber (Thailand) Public Company Limited (IRC) | $2.05 Billion | 7.34% | 0.80x | $15.33 Million |
| N.D. Rubber Public Company Limited (NDR) | $946.85 Million | 0.86% | 0.29x | $8.30 Million |