Thiensurat Public Company Limited (TSR) - Net Assets
Based on the latest financial reports, Thiensurat Public Company Limited (TSR) has net assets worth ฿-147.89 Million THB (≈ $-4.61 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 (฿1.80 Billion ≈ $56.17 Million USD) and total liabilities (฿1.95 Billion ≈ $60.78 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 Thiensurat Public Company Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿-147.89 Million |
| % of Total Assets | -8.21% |
| Annual Growth Rate | -6.1% |
| 5-Year Change | -90.45% |
| 10-Year Change | -86.71% |
| Growth Volatility | 34.74 |
Thiensurat Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Thiensurat Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore TSR asset base for the complete picture of this company's asset base.
Annual Net Assets for Thiensurat Public Company Limited (2011–2024)
The table below shows the annual net assets of Thiensurat Public Company Limited from 2011 to 2024. For live valuation and market cap data, see TSR stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿121.73 Million ≈ $3.79 Million |
-89.52% |
| 2023-12-31 | ฿1.16 Billion ≈ $36.19 Million |
-17.90% |
| 2022-12-31 | ฿1.41 Billion ≈ $44.08 Million |
+13.02% |
| 2021-12-31 | ฿1.25 Billion ≈ $39.00 Million |
-1.87% |
| 2020-12-31 | ฿1.28 Billion ≈ $39.74 Million |
+3.12% |
| 2019-12-31 | ฿1.24 Billion ≈ $38.54 Million |
+2.78% |
| 2018-12-31 | ฿1.20 Billion ≈ $37.50 Million |
+7.28% |
| 2017-12-31 | ฿1.12 Billion ≈ $34.95 Million |
+14.15% |
| 2016-12-31 | ฿982.32 Million ≈ $30.62 Million |
+7.25% |
| 2015-12-31 | ฿915.91 Million ≈ $28.55 Million |
+13.34% |
| 2014-12-31 | ฿808.10 Million ≈ $25.19 Million |
+73.93% |
| 2013-12-31 | ฿464.60 Million ≈ $14.48 Million |
+28.24% |
| 2012-12-31 | ฿362.30 Million ≈ $11.29 Million |
+31.23% |
| 2011-12-31 | ฿276.09 Million ≈ $8.61 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Thiensurat 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 2228.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿1.07 Billion | 876.43% |
| Total Equity | ฿121.73 Million | 100.00% |
Thiensurat Public Company Limited Competitors by Market Cap
The table below lists competitors of Thiensurat Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Boxlight Corp Class A
NASDAQ:BOXL
|
$1.03 Million |
|
Biophytis S.A.
PA:ALBPS
|
$1.03 Million |
|
Value & Income Trust
LSE:VIP
|
$1.03 Million |
|
Trifast plc
LSE:TRI
|
$1.03 Million |
|
Shield Therapeutics plc
LSE:STX
|
$1.03 Million |
|
Protagenic Therapeutics
NASDAQ:PTIX
|
$1.03 Million |
|
BEACN Wizardry & Magic Inc
V:BECN
|
$1.02 Million |
|
Total Helium Ltd
V:TOH
|
$1.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thiensurat Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,161,039,000 to 121,733,000, a change of -1,039,306,000 (-89.5%).
- Net loss of 715,169,000 reduced equity.
- Other factors decreased equity by 324,137,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-715.17 Million | -587.49% |
| Other Changes | ฿-324.14 Million | -266.27% |
| Total Change | ฿- | -89.52% |
Book Value vs Market Value Analysis
This analysis compares Thiensurat 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: 0.30x
- 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 increased from 0.03x to 0.30x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿2.16 | ฿0.06 | x |
| 2018-12-31 | ฿2.18 | ฿0.06 | x |
| 2019-12-31 | ฿2.24 | ฿0.06 | x |
| 2020-12-31 | ฿2.32 | ฿0.06 | x |
| 2021-12-31 | ฿2.27 | ฿0.06 | x |
| 2022-12-31 | ฿2.34 | ฿0.06 | x |
| 2023-12-31 | ฿1.92 | ฿0.06 | x |
| 2024-12-31 | ฿0.20 | ฿0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thiensurat 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): -587.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -75.11%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 16.99x
- Recent ROE (-587.49%) is below the historical average (-41.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 14.43% | 6.62% | 1.29x | 1.68x | ฿20.59 Million |
| 2014 | 11.60% | 8.33% | 1.04x | 1.34x | ฿12.91 Million |
| 2015 | 16.14% | 8.87% | 1.04x | 1.75x | ฿55.51 Million |
| 2016 | 8.29% | 5.01% | 0.86x | 1.92x | ฿-16.65 Million |
| 2017 | 6.94% | 5.40% | 0.97x | 1.33x | ฿-34.06 Million |
| 2018 | 8.92% | 7.75% | 0.97x | 1.19x | ฿-12.98 Million |
| 2019 | 8.90% | 7.53% | 1.01x | 1.18x | ฿-13.50 Million |
| 2020 | 11.26% | 8.49% | 1.00x | 1.33x | ฿16.07 Million |
| 2021 | 2.49% | 2.20% | 0.82x | 1.38x | ฿-93.46 Million |
| 2022 | 5.10% | 6.09% | 0.65x | 1.29x | ฿-69.36 Million |
| 2023 | -7.45% | -6.27% | 0.43x | 2.73x | ฿-202.59 Million |
| 2024 | -587.49% | -75.11% | 0.46x | 16.99x | ฿-727.34 Million |
Industry Comparison
This section compares Thiensurat Public Company Limited's net assets metrics with peer companies in the Household Goods industry.
No peer company data available for comparison.
About Thiensurat Public Company Limited
Sabuy Connext Tech Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of water purifiers in Thailand. The company also distributes TV, refrigerators, water heaters, water heaters, air purifiers, freezers, etc., as well as offers personal and car loans. In addition, it engages in trading, rental, and servicing ice maker machines. The company was for… Read more