Vintcom Technology PCL (VCOM) - Net Assets

Latest as of September 2025: ฿611.02 Million THB ≈ $19.05 Million USD

Based on the latest financial reports, Vintcom Technology PCL (VCOM) has net assets worth ฿611.02 Million THB (≈ $19.05 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 (฿1.32 Billion ≈ $41.06 Million USD) and total liabilities (฿706.20 Million ≈ $22.01 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 Vintcom Technology PCL (VCOM) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿611.02 Million
% of Total Assets	46.39%
Annual Growth Rate	15.31%
5-Year Change	24.46%
10-Year Change	258.52%
Growth Volatility	37.8

Vintcom Technology PCL - Net Assets Trend (2012–2024)

This chart illustrates how Vintcom Technology PCL's net assets have evolved over time, based on quarterly financial data. Also explore Vintcom Technology PCL balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Vintcom Technology PCL (2012–2024)

The table below shows the annual net assets of Vintcom Technology PCL from 2012 to 2024. For live valuation and market cap data, see VCOM stock market capitalisation.

Year	Net Assets	Change
2024-12-31	฿628.18 Million ≈ $19.58 Million	-0.83%
2023-12-31	฿633.44 Million ≈ $19.74 Million	-0.71%
2022-12-31	฿637.95 Million ≈ $19.88 Million	+4.08%
2021-12-31	฿612.94 Million ≈ $19.10 Million	+21.44%
2020-12-31	฿504.72 Million ≈ $15.73 Million	-0.42%
2019-12-31	฿506.83 Million ≈ $15.80 Million	+9.71%
2018-12-31	฿461.95 Million ≈ $14.40 Million	+13.07%
2017-12-31	฿408.55 Million ≈ $12.73 Million	+137.51%
2016-12-31	฿172.02 Million ≈ $5.36 Million	-1.82%
2015-12-31	฿175.21 Million ≈ $5.46 Million	+21.30%
2014-12-31	฿144.45 Million ≈ $4.50 Million	+38.96%
2013-12-31	฿103.95 Million ≈ $3.24 Million	-8.54%
2012-12-31	฿113.65 Million ≈ $3.54 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Vintcom Technology PCL'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 288.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿184.93 Million	32.30%
Other Components	฿387.67 Million	67.70%
Total Equity	฿572.60 Million	100.00%

Vintcom Technology PCL Competitors by Market Cap

The table below lists competitors of Vintcom Technology PCL ranked by their market capitalization.

Company	Market Cap
Korea Eng Cons KO:023350	$35.22 Million
SK Discovery Co Ltd KO:006125	$35.22 Million
Seoam Machinery Industry Co.Ltd KQ:100660	$35.22 Million
PetVivo Holdings Inc NASDAQ:PETV	$35.24 Million
Indonesia Pondasi Raya Tbk PT JK:IDPR	$35.21 Million
Aviation Links Ltd TA:AVIA	$35.21 Million
Mospec Semiconductor Corp TW:2434	$35.20 Million
Atara Biotherapeutics Inc NASDAQ:ATRA	$35.19 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Vintcom Technology PCL's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 580,090,046 to 572,601,767, a change of -7,488,279 (-1.3%).
Net income of 87,664,983 contributed positively to equity growth.
Dividend payments of 92,101,272 reduced retained earnings.
Other comprehensive income decreased equity by 17,756,132.
Other factors increased equity by 14,704,142.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿87.66 Million	+15.31%
Dividends Paid	฿92.10 Million	-16.08%
Other Comprehensive Income	฿-17.76 Million	-3.1%
Other Changes	฿14.70 Million	+2.57%
Total Change	฿-	-1.29%

Book Value vs Market Value Analysis

This analysis compares Vintcom Technology PCL'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: 1.97x
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 7.79x to 1.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	฿0.47	฿3.68	x
2014-12-31	฿0.66	฿3.68	x
2015-12-31	฿0.80	฿3.68	x
2016-12-31	฿0.67	฿3.68	x
2017-12-31	฿1.66	฿3.68	x
2018-12-31	฿1.37	฿3.68	x
2019-12-31	฿1.47	฿3.68	x
2020-12-31	฿1.50	฿3.68	x
2021-12-31	฿1.84	฿3.68	x
2022-12-31	฿1.91	฿3.68	x
2023-12-31	฿1.89	฿3.68	x
2024-12-31	฿1.87	฿3.68	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vintcom Technology PCL 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): 15.31%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.31%
• Asset Turnover: 1.16x
• Equity Multiplier: 2.48x
Recent ROE (15.31%) is below the historical average (21.84%), 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	46.46%	6.52%	1.64x	4.35x	฿37.90 Million
2014	28.04%	5.33%	1.69x	3.11x	฿26.06 Million
2015	23.62%	5.09%	2.18x	2.13x	฿23.87 Million
2016	27.70%	4.33%	1.79x	3.58x	฿25.95 Million
2017	14.68%	3.52%	2.01x	2.08x	฿17.33 Million
2018	14.25%	3.24%	1.47x	3.00x	฿17.43 Million
2019	15.18%	3.76%	1.53x	2.64x	฿22.78 Million
2020	19.90%	3.93%	1.56x	3.24x	฿44.62 Million
2021	22.55%	6.81%	1.44x	2.29x	฿70.43 Million
2022	19.11%	5.56%	1.39x	2.47x	฿53.36 Million
2023	15.23%	4.22%	1.43x	2.52x	฿30.35 Million
2024	15.31%	5.31%	1.16x	2.48x	฿30.40 Million

Industry Comparison

This section compares Vintcom Technology PCL's net assets metrics with peer companies in the Electronics & Computer Distribution industry.

Industry Context

Industry: Electronics & Computer Distribution
Average net assets among peers: $1,449,475,313
Average return on equity (ROE) among peers: 10.17%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Vintcom Technology PCL (VCOM)	฿611.02 Million	46.46%	1.16x	$35.21 Million
AJ Advance Technology Public Company Limited (AJA)	$368.74 Million	18.52%	2.33x	$23.41 Million
Comanche International Public Company Limited (COMAN)	$346.37 Million	-7.08%	0.13x	$2.71 Million
Communication & System Solution Public Company Limited (CSS)	$1.70 Billion	10.04%	1.03x	$34.81 Million
IT City Public Company Limited (IT)	$1.04 Billion	1.47%	0.74x	$58.81 Million
Metro Systems Corporation Public Company Limited (MSC)	$1.47 Billion	12.00%	1.13x	$62.84 Million
Simat Technologies Public Company Limited (SIMAT)	$255.90 Million	13.55%	1.76x	$28.10 Million
SiS Distribution (Thailand) Public Company Limited (SIS)	$2.81 Billion	21.27%	1.73x	$237.96 Million
S P V I Public Company Limited (SPVI)	$638.69 Million	15.91%	1.14x	$41.14 Million
SVOA Public Company Limited (SVOA)	$1.79 Billion	3.48%	1.11x	$44.88 Million
Synnex (Thailand) Public Company Limited (SYNEX)	$4.08 Billion	12.58%	2.39x	$245.63 Million

About Vintcom Technology PCL

BK:VCOM Thailand Electronics & Computer Distribution

Market Cap

$35.21 Million

฿1.13 Billion THB

Market Cap Rank

#23307 Global

#421 in Thailand

Share Price

฿3.68

Change (1 day)

+1.66%

52-Week Range

฿2.32 - ฿3.68

All Time High

฿6.95