Thai Rubber Latex Group Public Company Limited
Thai Rubber Latex Group Public Company Limited produces and distributes concentrated latex and other latex products in Thailand, the People's Republic of China, Hong Kong, Pakistan, Malaysia, the Republic of Korea, and internationally. The company operates through Concentrated and Prevulcanised Latex; Latex Products; and Plantations segments. It offers concentrated and pre vulcanized latex produc… Read more
Thai Rubber Latex Group Public Company Limited (TRUBB) - Net Assets
Latest net assets as of September 2025: ฿3.27 Billion THB
Based on the latest financial reports, Thai Rubber Latex Group Public Company Limited (TRUBB) has net assets worth ฿3.27 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 (฿8.00 Billion) and total liabilities (฿4.73 Billion). 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 | ฿3.27 Billion |
| % of Total Assets | 40.92% |
| Annual Growth Rate | 10.24% |
| 5-Year Change | 48.56% |
| 10-Year Change | 104.43% |
| Growth Volatility | 31.12 |
Thai Rubber Latex Group Public Company Limited - Net Assets Trend (2006–2024)
This chart illustrates how Thai Rubber Latex Group 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 Rubber Latex Group Public Company Limited (2006–2024)
The table below shows the annual net assets of Thai Rubber Latex Group Public Company Limited from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.42 Billion | -4.52% |
| 2023-12-31 | ฿3.59 Billion | -13.72% |
| 2022-12-31 | ฿4.16 Billion | +1.59% |
| 2021-12-31 | ฿4.09 Billion | +77.50% |
| 2020-12-31 | ฿2.30 Billion | +16.07% |
| 2019-12-31 | ฿1.99 Billion | -18.54% |
| 2018-12-31 | ฿2.44 Billion | -0.05% |
| 2017-12-31 | ฿2.44 Billion | +10.19% |
| 2016-12-31 | ฿2.21 Billion | +32.15% |
| 2015-12-31 | ฿1.67 Billion | -3.70% |
| 2014-12-31 | ฿1.74 Billion | +25.30% |
| 2013-12-31 | ฿1.39 Billion | -3.83% |
| 2012-12-31 | ฿1.44 Billion | -16.90% |
| 2011-12-31 | ฿1.74 Billion | +66.43% |
| 2010-12-31 | ฿1.04 Billion | +11.23% |
| 2009-12-31 | ฿938.32 Million | +5.77% |
| 2008-12-31 | ฿887.12 Million | -18.69% |
| 2007-12-31 | ฿1.09 Billion | +84.17% |
| 2006-12-31 | ฿592.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Rubber Latex Group 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 229.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿3.10 Billion | 108.53% |
| Total Equity | ฿2.86 Billion | 100.00% |
Thai Rubber Latex Group Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Rubber Latex Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mallcom (India) Limited
NSE:MALLCOM
|
$12.58 Million |
|
SIL Investments Limited
NSE:SILINV
|
$12.59 Million |
|
Laredo Oil Inc
PINK:LRDC
|
$12.59 Million |
|
Blue Sky Uranium Corp
OTCQB:BKUCF
|
$12.59 Million |
|
Alliance Aviation Services Ltd
AU:AQZ
|
$12.58 Million |
|
Asia Precision Public Company Limited
BK:APCS
|
$12.58 Million |
|
Allcargo Terminals Ltd
NSE:ATL
|
$12.58 Million |
|
Icape Holding
PA:ALICA
|
$12.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Rubber Latex Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,034,534,875 to 2,857,209,260, a change of -177,325,615 (-5.8%).
- Net loss of 219,952,532 reduced equity.
- New share issuances of 960 increased equity.
- Other comprehensive income decreased equity by 1,782,749,477.
- Other factors increased equity by 1,825,375,434.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-219.95 Million | -7.7% |
| Share Issuances | ฿960.00 | +0.0% |
| Other Comprehensive Income | ฿-1.78 Billion | -62.39% |
| Other Changes | ฿1.83 Billion | +63.89% |
| Total Change | ฿- | -5.84% |
Book Value vs Market Value Analysis
This analysis compares Thai Rubber Latex Group 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: 0.24x
- 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 0.95x to 0.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.87 | ฿0.83 | x |
| 2007-12-31 | ฿1.60 | ฿0.83 | x |
| 2008-12-31 | ฿1.28 | ฿0.83 | x |
| 2009-12-31 | ฿1.37 | ฿0.83 | x |
| 2010-12-31 | ฿1.80 | ฿0.83 | x |
| 2011-12-31 | ฿2.73 | ฿0.83 | x |
| 2012-12-31 | ฿2.13 | ฿0.83 | x |
| 2013-12-31 | ฿1.92 | ฿0.83 | x |
| 2014-12-31 | ฿2.24 | ฿0.83 | x |
| 2015-12-31 | ฿2.10 | ฿0.83 | x |
| 2016-12-31 | ฿2.86 | ฿0.83 | x |
| 2017-12-31 | ฿3.09 | ฿0.83 | x |
| 2018-12-31 | ฿3.09 | ฿0.83 | x |
| 2019-12-31 | ฿2.64 | ฿0.83 | x |
| 2020-12-31 | ฿3.26 | ฿0.83 | x |
| 2021-12-31 | ฿4.96 | ฿0.83 | x |
| 2022-12-31 | ฿4.35 | ฿0.83 | x |
| 2023-12-31 | ฿3.71 | ฿0.83 | x |
| 2024-12-31 | ฿3.49 | ฿0.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Rubber Latex Group 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): -7.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.88%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 3.11x
- Recent ROE (-7.70%) is below the historical average (-1.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 16.71% | 1.30% | 2.40x | 5.36x | ฿39.74 Million |
| 2007 | 0.49% | 0.06% | 1.70x | 4.44x | ฿-103.80 Million |
| 2008 | -12.89% | -1.24% | 2.39x | 4.33x | ฿-199.77 Million |
| 2009 | 12.87% | 1.50% | 1.73x | 4.95x | ฿26.71 Million |
| 2010 | 23.95% | 1.90% | 2.08x | 6.07x | ฿144.65 Million |
| 2011 | 7.23% | 0.77% | 2.33x | 4.04x | ฿-47.98 Million |
| 2012 | -19.12% | -1.67% | 2.22x | 5.16x | ฿-418.45 Million |
| 2013 | -11.22% | -1.15% | 1.95x | 5.00x | ฿-293.19 Million |
| 2014 | -7.68% | -1.08% | 1.61x | 4.40x | ฿-284.03 Million |
| 2015 | -5.05% | -0.86% | 1.34x | 4.36x | ฿-227.13 Million |
| 2016 | -8.30% | -2.17% | 1.02x | 3.74x | ฿-370.62 Million |
| 2017 | 6.51% | 1.53% | 1.18x | 3.61x | ฿-77.34 Million |
| 2018 | 0.82% | 0.24% | 0.93x | 3.65x | ฿-203.68 Million |
| 2019 | -25.07% | -6.94% | 0.90x | 4.03x | ฿-662.64 Million |
| 2020 | -5.17% | -1.76% | 0.83x | 3.55x | ฿-353.61 Million |
| 2021 | 16.97% | 6.50% | 0.98x | 2.65x | ฿249.32 Million |
| 2022 | 7.34% | 2.83% | 1.02x | 2.55x | ฿-94.61 Million |
| 2023 | -11.94% | -5.48% | 0.75x | 2.89x | ฿-665.69 Million |
| 2024 | -7.70% | -2.88% | 0.86x | 3.11x | ฿-505.67 Million |
Industry Comparison
This section compares Thai Rubber Latex Group Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,380,445,825
- Average return on equity (ROE) among peers: -2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Rubber Latex Group Public Company Limited (TRUBB) | ฿3.27 Billion | 16.71% | 1.44x | $12.58 Million |
| Applied DB Public Company Limited (ADB) | $234.94 Million | 11.17% | 2.72x | $2.37 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $8.16 Billion | 13.17% | 0.14x | $88.78 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.50 Billion | 10.89% | 1.23x | $7.37 Million |
| Chememan Public Company Limited (CMAN) | $1.07 Billion | 14.40% | 1.60x | $29.18 Million |
| Salee Colour Public Company Limited (COLOR) | $817.55 Million | 3.75% | 0.74x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $163.92 Million | -120.41% | 0.71x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $-9.15 Million | 0.00% | 0.00x | $152.00K |
| Eason & Co Public Company Limited (EASON) | $1.22 Billion | 4.89% | 0.14x | $7.43 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $10.12 Billion | 9.79% | 0.30x | $69.05 Million |
| Global Connections Public Company Limited (GC) | $521.76 Million | 26.07% | 1.79x | $20.11 Million |