Thai Rung Union Car Public Company Limited (TRU) - Net Assets

Latest as of September 2025: ฿3.97 Billion THB ≈ $123.63 Million USD

Based on the latest financial reports, Thai Rung Union Car Public Company Limited (TRU) has net assets worth ฿3.97 Billion THB (≈ $123.63 Million USD) 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 ≈ $137.43 Million USD) and total liabilities (฿442.46 Million ≈ $13.79 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. Check how resilient are Thai Rung Union Car Public Company Limit's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore TRU total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see TRU market cap.

Year	Net Assets	Change
2024-12-31	฿3.97 Billion ≈ $123.73 Million	+7.17%
2023-12-31	฿3.70 Billion ≈ $115.46 Million	-0.45%
2022-12-31	฿3.72 Billion ≈ $115.98 Million	+11.17%
2021-12-31	฿3.35 Billion ≈ $104.32 Million	+2.02%
2020-12-31	฿3.28 Billion ≈ $102.25 Million	-4.91%
2019-12-31	฿3.45 Billion ≈ $107.53 Million	+3.21%
2018-12-31	฿3.34 Billion ≈ $104.18 Million	+2.91%
2017-12-31	฿3.25 Billion ≈ $101.24 Million	+0.50%
2016-12-31	฿3.23 Billion ≈ $100.73 Million	-1.01%
2015-12-31	฿3.26 Billion ≈ $101.75 Million	+1.65%
2014-12-31	฿3.21 Billion ≈ $100.10 Million	+1.85%
2013-12-31	฿3.15 Billion ≈ $98.28 Million	+2.06%
2012-12-31	฿3.09 Billion ≈ $96.30 Million	+16.93%
2011-12-31	฿2.64 Billion ≈ $82.35 Million	+5.22%
2010-12-31	฿2.51 Billion ≈ $78.27 Million	+7.40%
2009-12-31	฿2.34 Billion ≈ $72.88 Million	-4.78%
2008-12-31	฿2.46 Billion ≈ $76.53 Million	-0.48%
2007-12-31	฿2.47 Billion ≈ $76.90 Million	-0.86%
2006-12-31	฿2.49 Billion ≈ $77.57 Million	-3.35%
2005-12-31	฿2.57 Billion ≈ $80.26 Million	-6.29%
2004-12-31	฿2.75 Billion ≈ $85.64 Million	+15.25%
2003-12-31	฿2.38 Billion ≈ $74.31 Million	+2.13%
2002-12-31	฿2.33 Billion ≈ $72.76 Million	+2.37%
2001-12-31	฿2.28 Billion ≈ $71.08 Million	+19.06%
2000-12-31	฿1.92 Billion ≈ $59.70 Million	--

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
Pearson PLC LSE:PSON	$83.06 Million
Polar Capital Technology Trust LSE:PCT	$83.06 Million
Suprema ID Inc KQ:317770	$83.10 Million
Hyundai C&F Inc KO:227840	$83.10 Million
Morn Sun Feed Mill Corp TWO:1240	$83.06 Million
Enterprise Group Inc TO:E	$83.04 Million
U-Best Polymer Industry Co Ltd TWO:4714	$83.04 Million
Kapsch Traffic VI:KTCG	$82.94 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: $2,077,369,706
Average return on equity (ROE) among peers: 8.17%

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	$83.06 Million
AAPICO Hitech Public Company Limited (AH)	$5.47 Billion	11.16%	1.30x	$139.32 Million
CPR Gomu Industrial PCL (CPR)	$758.04 Million	12.32%	0.13x	$16.75 Million
Chai Watana Tannery Group Public Company Limited (CWT)	$421.02 Million	-26.44%	2.48x	$15.32 Million
Fortune Parts Industry Public Company Limited (FPI)	$945.15 Million	20.35%	1.50x	$77.81 Million
Goodyear (Thailand) Public Company Limited (GYT)	$3.91 Billion	9.87%	0.32x	$42.09 Million
Hwa Fong Rubber (Thailand) Public Company Limited (HFT)	$3.61 Billion	6.92%	0.14x	$85.38 Million
Interhides Public Company Limited (IHL)	$708.87 Million	20.94%	2.03x	$26.79 Million
Ingress Industrial (Thailand) Public Company Limited (INGRS)	$2.55 Billion	3.84%	0.76x	$16.24 Million
Inoue Rubber (Thailand) Public Company Limited (IRC)	$1.42 Billion	20.58%	0.84x	$68.30 Million
N.D. Rubber Public Company Limited (NDR)	$982.88 Million	2.15%	0.28x	$17.66 Million

About Thai Rung Union Car Public Company Limited

BK:TRU Thailand Auto Parts

Market Cap

$83.06 Million

฿2.66 Billion THB

Market Cap Rank

#19894 Global

#294 in Thailand

Share Price

฿3.98

Change (1 day)

-0.50%

52-Week Range

฿3.00 - ฿4.10

All Time High

฿6.16