Thai Vegetable Oil Public Company Limited (TVO-R) - Net Assets
Based on the latest financial reports, Thai Vegetable Oil Public Company Limited (TVO-R) has net assets worth ฿11.68 Billion THB (≈ $364.19 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿15.27 Billion ≈ $476.01 Million USD) and total liabilities (฿3.59 Billion ≈ $111.83 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. Also explore total assets of Thai Vegetable Oil Public Company Limite for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿11.68 Billion |
| % of Total Assets | 76.51% |
| Annual Growth Rate | 8.22% |
| 5-Year Change | 18.85% |
| 10-Year Change | 43.62% |
| Growth Volatility | 16.12 |
Thai Vegetable Oil Public Company Limited - Net Assets Trend (2002–2024)
This chart illustrates how Thai Vegetable Oil Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Thai Vegetable Oil Public Company Limite (TVO-R) market capitalisation.
Annual Net Assets for Thai Vegetable Oil Public Company Limited (2002–2024)
The table below shows the annual net assets of Thai Vegetable Oil Public Company Limited from 2002 to 2024. Explore TVO-R cash flow metrics to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿11.33 Billion ≈ $353.22 Million |
+8.26% |
| 2023-12-31 | ฿10.47 Billion ≈ $326.28 Million |
-1.48% |
| 2022-12-31 | ฿10.63 Billion ≈ $331.18 Million |
+7.27% |
| 2021-12-31 | ฿9.90 Billion ≈ $308.73 Million |
+3.88% |
| 2020-12-31 | ฿9.53 Billion ≈ $297.19 Million |
+5.36% |
| 2019-12-31 | ฿9.05 Billion ≈ $282.06 Million |
+2.30% |
| 2018-12-31 | ฿8.85 Billion ≈ $275.70 Million |
+3.26% |
| 2017-12-31 | ฿8.57 Billion ≈ $267.00 Million |
-3.92% |
| 2016-12-31 | ฿8.92 Billion ≈ $277.90 Million |
+13.00% |
| 2015-12-31 | ฿7.89 Billion ≈ $245.94 Million |
+5.67% |
| 2014-12-31 | ฿7.47 Billion ≈ $232.75 Million |
+8.63% |
| 2013-12-31 | ฿6.87 Billion ≈ $214.25 Million |
-0.73% |
| 2012-12-31 | ฿6.92 Billion ≈ $215.83 Million |
+19.63% |
| 2011-12-31 | ฿5.79 Billion ≈ $180.41 Million |
-7.00% |
| 2010-12-31 | ฿6.22 Billion ≈ $193.98 Million |
+20.51% |
| 2009-12-31 | ฿5.16 Billion ≈ $160.97 Million |
+67.39% |
| 2008-12-31 | ฿3.09 Billion ≈ $96.17 Million |
-15.23% |
| 2007-12-31 | ฿3.64 Billion ≈ $113.45 Million |
+30.40% |
| 2006-12-31 | ฿2.79 Billion ≈ $87.00 Million |
+8.54% |
| 2005-12-31 | ฿2.57 Billion ≈ $80.15 Million |
+9.33% |
| 2004-12-31 | ฿2.35 Billion ≈ $73.31 Million |
-1.72% |
| 2003-12-31 | ฿2.39 Billion ≈ $74.60 Million |
+20.14% |
| 2002-12-31 | ฿1.99 Billion ≈ $62.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Vegetable Oil 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 557.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿7.19 Billion | 65.83% |
| Other Components | ฿3.73 Billion | 34.17% |
| Total Equity | ฿10.92 Billion | 100.00% |
Thai Vegetable Oil Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Vegetable Oil Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Paras Defence and Space Technologies Limited
NSE:PARAS
|
$707.07 Million |
|
Merry Electronics Co Ltd
TW:2439
|
$707.12 Million |
|
Bright Minds Biosciences Inc
NASDAQ:DRUG
|
$707.12 Million |
|
Castle Biosciences Inc
NASDAQ:CSTL
|
$707.53 Million |
|
Shanghai Allied Industrial Corp. Ltd. A
SHE:301419
|
$706.96 Million |
|
Winner Information Technology Co Inc
SHE:300609
|
$706.93 Million |
|
Fujian Raynen Tech Co Ltd
SHG:603933
|
$706.72 Million |
|
Max Estates Limited
NSE:MAXESTATES
|
$706.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Vegetable Oil Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,071,362,815 to 10,918,301,881, a change of 846,939,066 (8.4%).
- Net income of 2,103,105,227 contributed positively to equity growth.
- Dividend payments of 1,289,122,977 reduced retained earnings.
- Other comprehensive income decreased equity by 304,853,410.
- Other factors increased equity by 337,810,226.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.10 Billion | +19.26% |
| Dividends Paid | ฿1.29 Billion | -11.81% |
| Other Comprehensive Income | ฿-304.85 Million | -2.79% |
| Other Changes | ฿337.81 Million | +3.09% |
| Total Change | ฿- | 8.41% |
Book Value vs Market Value Analysis
This analysis compares Thai Vegetable Oil 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: 2.08x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.61x to 2.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | ฿2.96 | ฿25.50 | x |
| 2003-12-31 | ฿3.32 | ฿25.50 | x |
| 2004-12-31 | ฿3.11 | ฿25.50 | x |
| 2005-12-31 | ฿3.40 | ฿25.50 | x |
| 2006-12-31 | ฿3.72 | ฿25.50 | x |
| 2007-12-31 | ฿4.87 | ฿25.50 | x |
| 2008-12-31 | ฿4.10 | ฿25.50 | x |
| 2009-12-31 | ฿6.57 | ฿25.50 | x |
| 2010-12-31 | ฿7.01 | ฿25.50 | x |
| 2011-12-31 | ฿6.46 | ฿25.50 | x |
| 2012-12-31 | ฿7.68 | ฿25.50 | x |
| 2013-12-31 | ฿7.58 | ฿25.50 | x |
| 2014-12-31 | ฿8.04 | ฿25.50 | x |
| 2015-12-31 | ฿8.47 | ฿25.50 | x |
| 2016-12-31 | ฿9.61 | ฿25.50 | x |
| 2017-12-31 | ฿9.20 | ฿25.50 | x |
| 2018-12-31 | ฿9.52 | ฿25.50 | x |
| 2019-12-31 | ฿9.74 | ฿25.50 | x |
| 2020-12-31 | ฿10.26 | ฿25.50 | x |
| 2021-12-31 | ฿10.69 | ฿25.50 | x |
| 2022-12-31 | ฿11.51 | ฿25.50 | x |
| 2023-12-31 | ฿11.32 | ฿25.50 | x |
| 2024-12-31 | ฿12.28 | ฿25.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Vegetable Oil 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): 19.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.87%
- • Asset Turnover: 2.05x
- • Equity Multiplier: 1.36x
- Recent ROE (19.26%) is below the historical average (21.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 23.41% | 4.96% | 1.68x | 2.80x | ฿247.47 Million |
| 2003 | 28.92% | 5.06% | 1.89x | 3.03x | ฿419.77 Million |
| 2004 | 18.43% | 2.55% | 2.76x | 2.62x | ฿179.79 Million |
| 2005 | 21.60% | 3.51% | 2.22x | 2.78x | ฿272.26 Million |
| 2006 | 18.35% | 3.07% | 2.25x | 2.66x | ฿214.47 Million |
| 2007 | 37.54% | 6.81% | 2.49x | 2.22x | ฿921.75 Million |
| 2008 | 26.44% | 3.11% | 3.14x | 2.71x | ฿462.75 Million |
| 2009 | 33.45% | 7.11% | 2.49x | 1.89x | ฿1.14 Billion |
| 2010 | 25.55% | 7.17% | 2.04x | 1.74x | ฿928.18 Million |
| 2011 | 12.83% | 3.09% | 2.28x | 1.82x | ฿159.86 Million |
| 2012 | 26.25% | 6.49% | 2.27x | 1.78x | ฿1.10 Billion |
| 2013 | 14.27% | 3.72% | 2.36x | 1.62x | ฿286.76 Million |
| 2014 | 23.52% | 6.54% | 2.49x | 1.44x | ฿965.48 Million |
| 2015 | 25.23% | 7.23% | 2.53x | 1.38x | ฿1.15 Billion |
| 2016 | 32.25% | 9.75% | 2.55x | 1.30x | ฿1.90 Billion |
| 2017 | 16.20% | 5.40% | 2.12x | 1.42x | ฿507.91 Million |
| 2018 | 22.05% | 7.45% | 2.27x | 1.30x | ฿1.02 Billion |
| 2019 | 16.28% | 5.98% | 2.00x | 1.36x | ฿544.06 Million |
| 2020 | 18.15% | 6.63% | 1.79x | 1.52x | ฿743.49 Million |
| 2021 | 21.74% | 6.60% | 2.35x | 1.40x | ฿1.12 Billion |
| 2022 | 15.67% | 4.10% | 2.12x | 1.80x | ฿580.57 Million |
| 2023 | 7.24% | 2.13% | 2.62x | 1.30x | ฿-277.58 Million |
| 2024 | 19.26% | 6.87% | 2.05x | 1.36x | ฿1.01 Billion |
Industry Comparison
This section compares Thai Vegetable Oil Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,946,516,368
- Average return on equity (ROE) among peers: 16.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Vegetable Oil Public Company Limited (TVO-R) | ฿11.68 Billion | 23.41% | 0.31x | $706.96 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $1.95 Billion | 11.78% | 1.99x | $180.99 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $2.49 Billion | 10.80% | 0.97x | $22.25 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.07 Billion | 5.19% | 0.24x | $15.02 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.44 Billion | 11.11% | 0.09x | $19.13 Million |
| GFPT Public Company Limited (GFPT) | $3.87 Billion | 6.56% | 0.40x | $355.63 Million |
| J.S.P. Property Public Company Limited (JSP) | $5.11 Billion | 13.75% | 0.74x | $28.40 Million |
| Thai Ha Public Company Limited (KASET) | $215.80 Million | 2.32% | 2.33x | $6.93 Million |
| Lee Feed Mill Public Company Limited (LEE) | $1.32 Billion | 25.10% | 0.21x | $69.45 Million |
| Malee Group Public Company Limited (MALEE) | $1.07 Billion | 60.36% | 1.52x | $69.74 Million |
| President Bakery Public Company Limited (PB) | $10.93 Billion | 15.61% | 0.12x | $680.27 Million |
About Thai Vegetable Oil Public Company Limited
Thai Vegetable Oil Public Company Limited, together with its subsidiary, Prodigy Public Company Limited, manufactures and distributes soy meal and soybean oil in Thailand and internationally. The company offers soybean, sunflower, corn, and canola oils under the ANGOON, Champ, Healthy Chef, and Queen brands; olive oil under the MONINI brand; Camellia Oleifera oil; and canned fish products under t… Read more