Thoresen Thai Agencies Public Company Limited (TTA) - Net Assets

Latest as of September 2025: ฿31.68 Billion THB ≈ $987.38 Million USD

Based on the latest financial reports, Thoresen Thai Agencies Public Company Limited (TTA) has net assets worth ฿31.68 Billion THB (≈ $987.38 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 (฿49.60 Billion ≈ $1.55 Billion USD) and total liabilities (฿17.93 Billion ≈ $558.71 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 Thoresen Thai Agencies Public Company Li (TTA) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿31.68 Billion
% of Total Assets	63.86%
Annual Growth Rate	N/A
5-Year Change	66.34%
10-Year Change	18.29%
Growth Volatility	229.67

Thoresen Thai Agencies Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Thoresen Thai Agencies Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore TTA asset base for the complete picture of this company's asset base.

Annual Net Assets for Thoresen Thai Agencies Public Company Limited (2000–2024)

The table below shows the annual net assets of Thoresen Thai Agencies Public Company Limited from 2000 to 2024. For live valuation and market cap data, see Thoresen Thai Agencies Public Company Li stock valuation.

Year	Net Assets	Change
2024-12-31	฿31.92 Billion ≈ $995.03 Million	+12.84%
2023-12-31	฿28.29 Billion ≈ $881.77 Million	+2.03%
2022-12-31	฿27.73 Billion ≈ $864.20 Million	+13.63%
2021-12-31	฿24.40 Billion ≈ $760.54 Million	+27.14%
2020-12-31	฿19.19 Billion ≈ $598.18 Million	-15.08%
2019-12-31	฿22.60 Billion ≈ $704.38 Million	-8.09%
2018-12-31	฿24.59 Billion ≈ $766.36 Million	-1.86%
2017-12-31	฿25.05 Billion ≈ $780.91 Million	-5.44%
2016-12-31	฿26.49 Billion ≈ $825.81 Million	-1.83%
2015-12-31	฿26.99 Billion ≈ $841.20 Million	-16.89%
2014-12-31	฿32.47 Billion ≈ $1.01 Billion	+2.77%
2014-09-30	฿31.60 Billion ≈ $984.93 Million	+24.89%
2013-12-31	฿25.30 Billion ≈ $788.60 Million	-1.21%
2012-12-31	฿25.61 Billion ≈ $798.26 Million	-17.15%
2011-12-31	฿30.91 Billion ≈ $963.56 Million	-1.96%
2010-12-31	฿31.53 Billion ≈ $982.83 Million	+1.42%
2009-12-31	฿31.09 Billion ≈ $969.09 Million	+6.42%
2008-12-31	฿29.22 Billion ≈ $910.61 Million	+82.00%
2007-12-31	฿16.05 Billion ≈ $500.34 Million	+33.51%
2006-12-31	฿12.02 Billion ≈ $374.75 Million	+31.49%
2005-12-31	฿9.14 Billion ≈ $285.01 Million	+36.58%
2004-12-31	฿6.70 Billion ≈ $208.68 Million	+295.89%
2003-12-31	฿1.69 Billion ≈ $52.71 Million	-49.25%
2002-12-31	฿3.33 Billion ≈ $103.87 Million	+1125.54%
2001-12-31	฿271.92 Million ≈ $8.48 Million	+493.55%
2000-12-31	฿-69.09 Million ≈ $-2.15 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thoresen Thai Agencies 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 818217500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿8.18 Billion	28.77%
Other Components	฿20.26 Billion	71.23%
Total Equity	฿28.44 Billion	100.00%

Thoresen Thai Agencies Public Company Limited Competitors by Market Cap

The table below lists competitors of Thoresen Thai Agencies Public Company Limited ranked by their market capitalization.

Company	Market Cap
Advanced International Multitech Co Ltd TWO:8938	$281.38 Million
Meeka Metals Ltd AU:MEK	$281.39 Million
Asia Polymer Corp TW:1308	$281.53 Million
Qudian Inc NYSE:QD	$281.53 Million
AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust BK:AIMIRT	$281.24 Million
Oncoclinicas do Brasil SA:ONCO3	$281.00 Million
Apeejay Surrendra Park Hotels Limited NSE:PARKHOTELS	$280.90 Million
Archimedes Tech SPAC Partners II Co. Unit NASDAQ:ATIIU	$280.84 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 25,007,381,000 to 28,438,684,000, a change of 3,431,303,000 (13.7%).
Net income of 1,323,232,000 contributed positively to equity growth.
Dividend payments of 328,034,000 reduced retained earnings.
Other comprehensive income decreased equity by 1,345,682,000.
Other factors increased equity by 3,781,787,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿1.32 Billion	+4.65%
Dividends Paid	฿328.03 Million	-1.15%
Other Comprehensive Income	฿-1.35 Billion	-4.73%
Other Changes	฿3.78 Billion	+13.3%
Total Change	฿-	13.72%

Book Value vs Market Value Analysis

This analysis compares Thoresen Thai Agencies 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: 0.33x
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.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	฿-1.41	฿4.98	x
2001-12-31	฿0.55	฿4.98	x
2002-12-31	฿1.04	฿4.98	x
2003-12-31	฿2.32	฿4.98	x
2004-12-31	฿8.97	฿4.98	x
2005-12-31	฿12.23	฿4.98	x
2006-12-31	฿15.03	฿4.98	x
2007-12-31	฿20.36	฿4.98	x
2008-12-31	฿30.57	฿4.98	x
2009-12-31	฿32.21	฿4.98	x
2010-12-31	฿31.64	฿4.98	x
2011-12-31	฿31.23	฿4.98	x
2012-12-31	฿24.80	฿4.98	x
2013-12-31	฿17.28	฿4.98	x
2014-12-31	฿17.97	฿4.98	x
2015-12-31	฿12.60	฿4.98	x
2016-12-31	฿11.45	฿4.98	x
2017-12-31	฿10.83	฿4.98	x
2018-12-31	฿10.73	฿4.98	x
2019-12-31	฿9.98	฿4.98	x
2020-12-31	฿8.86	฿4.98	x
2021-12-31	฿11.67	฿4.98	x
2022-12-31	฿13.46	฿4.98	x
2023-12-31	฿13.72	฿4.98	x
2024-12-31	฿15.01	฿4.98	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thoresen Thai Agencies 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): 4.65%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.11%
• Asset Turnover: 0.64x
• Equity Multiplier: 1.76x
Recent ROE (4.65%) is below the historical average (15.80%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	0.00%	-2.84%	0.98x	0.00x	฿-71.51 Million
2001	121.72%	8.83%	1.21x	11.40x	฿303.78 Million
2002	61.31%	11.05%	0.97x	5.74x	฿343.45 Million
2003	59.53%	19.77%	0.88x	3.42x	฿834.36 Million
2004	64.86%	40.74%	0.67x	2.36x	฿3.66 Billion
2005	65.38%	39.34%	0.78x	2.14x	฿5.04 Billion
2006	31.31%	20.53%	0.74x	2.07x	฿2.38 Billion
2007	32.79%	23.31%	0.76x	1.86x	฿3.45 Billion
2008	35.08%	24.80%	0.84x	1.68x	฿6.27 Billion
2009	6.88%	8.54%	0.51x	1.58x	฿-822.58 Million
2010	3.07%	4.45%	0.37x	1.89x	฿-1.79 Billion
2011	0.55%	0.79%	0.36x	1.88x	฿-2.42 Billion
2012	-22.76%	-28.27%	0.38x	2.10x	฿-6.65 Billion
2013	-28.32%	-27.52%	0.43x	2.40x	฿-6.87 Billion
2014	4.28%	4.74%	0.43x	2.08x	฿-1.36 Billion
2014	4.15%	4.74%	0.42x	2.11x	฿-1.43 Billion
2015	-52.44%	-52.90%	0.47x	2.10x	฿-13.50 Billion
2016	-2.00%	-3.06%	0.33x	1.99x	฿-2.51 Billion
2017	2.98%	4.39%	0.38x	1.80x	฿-1.39 Billion
2018	1.07%	1.51%	0.38x	1.90x	฿-1.75 Billion
2019	1.20%	1.41%	0.46x	1.84x	฿-1.60 Billion
2020	-20.85%	-26.26%	0.41x	1.92x	฿-4.98 Billion
2021	18.14%	17.44%	0.57x	1.83x	฿1.73 Billion
2022	13.32%	11.15%	0.70x	1.70x	฿815.72 Million
2023	4.87%	5.08%	0.56x	1.72x	฿-1.28 Billion
2024	4.65%	4.11%	0.64x	1.76x	฿-1.52 Billion

Industry Comparison

This section compares Thoresen Thai Agencies Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $52,499,478,536
Average return on equity (ROE) among peers: 4.26%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thoresen Thai Agencies Public Company Limited (TTA)	฿31.68 Billion	0.00%	0.57x	$281.32 Million
Advanced Connection Corporation Public Company Limited (ACC)	$525.99 Million	-14.49%	0.74x	$26.37 Million
Berli Jucker PCL (BJC)	$11.37 Billion	11.10%	1.03x	$1.76 Billion
Eastern Technical Engineering Public Company Limited (ETE)	$827.00 Million	3.46%	1.65x	$10.47 Million
Forth Corporation Public Company Limited (FORTH)	$2.63 Billion	13.91%	1.61x	$269.68 Million
Loxley Public Company Limited (LOXLEY)	$6.41 Billion	5.50%	1.15x	$91.78 Million
MBK Public Company Limited (MBK)	$10.46 Billion	13.39%	1.02x	$740.55 Million
MBK Public Company Limited (MBK-R)	$20.35 Billion	10.09%	1.09x	$775.40 Million
The Siam Cement Public Company Limited (SCC)	$450.01 Billion	10.48%	0.91x	$8.98 Billion
Siamraj Public Company Limited (SR)	$692.17 Million	-17.03%	2.42x	$6.33 Million
Saha-Union Public Company Limited (SUC)	$21.71 Billion	6.19%	0.18x	$252.47 Million

About Thoresen Thai Agencies Public Company Limited

BK:TTA Thailand Conglomerates

Market Cap

$281.32 Million

฿9.03 Billion THB

Market Cap Rank

#15224 Global

#166 in Thailand

Share Price

฿4.98

Change (1 day)

+1.22%

52-Week Range

฿3.80 - ฿5.25

All Time High

฿17.49