Thai Wacoal Public Company Limited
Thai Wacoal Public Company Limited, together with its subsidiaries, is engaged in the manufacturing and selling of finished garment products, consisting of ladies' lingerie, ladies' outerwear, and children's wear products in Thailand and internationally. It offers ladies' lingerie under the Wacoal, WIENNA, B'me, Sgarlet, Presea, and CW-X brand names; children wear under the ENFANT, Little Wacoal,… Read more
Thai Wacoal Public Company Limited (WACOAL) - Net Assets
Latest net assets as of September 2025: ฿5.11 Billion THB
Based on the latest financial reports, Thai Wacoal Public Company Limited (WACOAL) has net assets worth ฿5.11 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 (฿6.09 Billion) and total liabilities (฿981.78 Million). 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 | ฿5.11 Billion |
| % of Total Assets | 83.89% |
| Annual Growth Rate | 3.79% |
| 5-Year Change | 0.76% |
| 10-Year Change | 4.04% |
| Growth Volatility | 6.24 |
Thai Wacoal Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Thai Wacoal 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 Wacoal Public Company Limited (2000–2024)
The table below shows the annual net assets of Thai Wacoal Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿5.39 Billion | -0.65% |
| 2023-12-31 | ฿5.42 Billion | -2.12% |
| 2022-12-31 | ฿5.54 Billion | +3.36% |
| 2021-12-31 | ฿5.36 Billion | +0.26% |
| 2020-12-31 | ฿5.35 Billion | -7.12% |
| 2019-12-31 | ฿5.76 Billion | -0.91% |
| 2018-12-31 | ฿5.81 Billion | +0.80% |
| 2017-12-31 | ฿5.77 Billion | +5.98% |
| 2016-12-31 | ฿5.44 Billion | +5.01% |
| 2015-12-31 | ฿5.18 Billion | +1.28% |
| 2014-12-31 | ฿5.11 Billion | +2.25% |
| 2013-12-31 | ฿5.00 Billion | -5.51% |
| 2012-12-31 | ฿5.29 Billion | +7.97% |
| 2011-12-31 | ฿4.90 Billion | -2.65% |
| 2010-12-31 | ฿5.04 Billion | +5.42% |
| 2009-12-31 | ฿4.78 Billion | +3.99% |
| 2008-12-31 | ฿4.59 Billion | +5.20% |
| 2007-12-31 | ฿4.37 Billion | +2.21% |
| 2006-12-31 | ฿4.27 Billion | +5.94% |
| 2005-12-31 | ฿4.03 Billion | +6.42% |
| 2004-12-31 | ฿3.79 Billion | +9.92% |
| 2003-12-31 | ฿3.45 Billion | +21.31% |
| 2002-12-31 | ฿2.84 Billion | +11.73% |
| 2001-12-31 | ฿2.54 Billion | +15.28% |
| 2000-12-31 | ฿2.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Wacoal 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 129.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.67 Billion | 68.13% |
| Other Components | ฿1.72 Billion | 31.87% |
| Total Equity | ฿5.39 Billion | 100.00% |
Thai Wacoal Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Wacoal Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pollux Properti Indonesia Tbk PT
JK:POLL
|
$12.03 Million |
|
Zakłady Lentex SA
WAR:LTX
|
$12.03 Million |
|
Bluemount Holdings Limited Class B Ordinary Shares
NASDAQ:BMHL
|
$12.04 Million |
|
SergeFerrari Group S.A.
LSE:0QVG
|
$12.04 Million |
|
First Bancorp of Indiana Inc
PINK:FBPI
|
$12.02 Million |
|
Tipco Foods Public Company Limited
BK:TIPCO
|
$12.02 Million |
|
Po Valley Energy Ltd
AU:PVE
|
$12.02 Million |
|
Chumpower Machinery Corp
TWO:4575
|
$12.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Wacoal Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,424,462,806 to 5,389,165,172, a change of -35,297,634 (-0.7%).
- Net income of 24,280,148 contributed positively to equity growth.
- Dividend payments of 84,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,360,024,469.
- Other factors increased equity by 1,384,446,687.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿24.28 Million | +0.45% |
| Dividends Paid | ฿84.00 Million | -1.56% |
| Other Comprehensive Income | ฿-1.36 Billion | -25.24% |
| Other Changes | ฿1.38 Billion | +25.69% |
| Total Change | ฿- | -0.65% |
Book Value vs Market Value Analysis
This analysis compares Thai Wacoal 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: 0.37x
- 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 0.71x to 0.37x 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 | ฿23.68 | ฿16.70 | x |
| 2003-12-31 | ฿28.73 | ฿16.70 | x |
| 2004-12-31 | ฿31.58 | ฿16.70 | x |
| 2005-12-31 | ฿33.61 | ฿16.70 | x |
| 2006-12-31 | ฿35.60 | ฿16.70 | x |
| 2007-12-31 | ฿36.39 | ฿16.70 | x |
| 2008-12-31 | ฿38.28 | ฿16.70 | x |
| 2009-12-31 | ฿39.81 | ฿16.70 | x |
| 2010-12-31 | ฿41.97 | ฿16.70 | x |
| 2011-12-31 | ฿40.86 | ฿16.70 | x |
| 2012-12-31 | ฿44.11 | ฿16.70 | x |
| 2013-12-31 | ฿41.68 | ฿16.70 | x |
| 2014-12-31 | ฿42.62 | ฿16.70 | x |
| 2015-12-31 | ฿43.17 | ฿16.70 | x |
| 2016-12-31 | ฿45.33 | ฿16.70 | x |
| 2017-12-31 | ฿48.04 | ฿16.70 | x |
| 2018-12-31 | ฿48.42 | ฿16.70 | x |
| 2019-12-31 | ฿47.98 | ฿16.70 | x |
| 2020-12-31 | ฿44.57 | ฿16.70 | x |
| 2021-12-31 | ฿44.69 | ฿16.70 | x |
| 2022-12-31 | ฿46.18 | ฿16.70 | x |
| 2023-12-31 | ฿45.20 | ฿16.70 | x |
| 2024-12-31 | ฿44.91 | ฿16.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Wacoal 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): 0.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.69%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.19x
- Recent ROE (0.45%) is below the historical average (5.83%), 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 | 11.08% | 9.05% | 0.98x | 1.24x | ฿30.72 Million |
| 2003 | 11.29% | 10.50% | 0.89x | 1.20x | ฿44.36 Million |
| 2004 | 9.80% | 10.04% | 0.84x | 1.16x | ฿-7.43 Million |
| 2005 | 9.21% | 9.88% | 0.79x | 1.18x | ฿-31.73 Million |
| 2006 | 9.24% | 9.84% | 0.82x | 1.15x | ฿-32.40 Million |
| 2007 | 8.05% | 9.88% | 0.72x | 1.13x | ฿-85.10 Million |
| 2008 | 9.63% | 12.72% | 0.67x | 1.13x | ฿-16.87 Million |
| 2009 | 7.44% | 10.78% | 0.62x | 1.11x | ฿-122.44 Million |
| 2010 | 7.08% | 10.78% | 0.59x | 1.12x | ฿-147.13 Million |
| 2011 | 8.04% | 10.68% | 0.62x | 1.22x | ฿-96.33 Million |
| 2012 | 7.88% | 10.19% | 0.64x | 1.21x | ฿-112.28 Million |
| 2013 | 5.08% | 7.01% | 0.60x | 1.20x | ฿-245.84 Million |
| 2014 | 5.41% | 7.68% | 0.56x | 1.27x | ฿-234.72 Million |
| 2015 | 6.46% | 8.42% | 0.60x | 1.27x | ฿-183.62 Million |
| 2016 | 5.72% | 7.51% | 0.62x | 1.23x | ฿-232.99 Million |
| 2017 | 5.63% | 7.44% | 0.62x | 1.23x | ฿-251.82 Million |
| 2018 | 6.12% | 7.72% | 0.64x | 1.24x | ฿-225.33 Million |
| 2019 | 5.84% | 6.89% | 0.65x | 1.30x | ฿-239.74 Million |
| 2020 | -5.89% | -10.65% | 0.44x | 1.25x | ฿-849.75 Million |
| 2021 | -2.69% | -4.45% | 0.50x | 1.20x | ฿-680.67 Million |
| 2022 | 1.86% | 2.62% | 0.60x | 1.19x | ฿-451.28 Million |
| 2023 | 1.45% | 2.17% | 0.56x | 1.18x | ฿-463.97 Million |
| 2024 | 0.45% | 0.69% | 0.55x | 1.19x | ฿-514.64 Million |
Industry Comparison
This section compares Thai Wacoal Public Company Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $1,524,574,197
- Average return on equity (ROE) among peers: 13.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Wacoal Public Company Limited (WACOAL) | ฿5.11 Billion | 11.08% | 0.19x | $12.03 Million |
| Castle Peak Holdings Public Company Limited (CPH) | $648.99 Million | -2.77% | 1.20x | $4.75 Million |
| MC Group Public Company Limited (MC) | $4.29 Billion | 19.67% | 0.21x | $125.24 Million |
| New Plus Knitting Public Company Limited (NPK) | $421.32 Million | 8.41% | 0.21x | $798.01K |
| People's Garment Public Company Limited (PG) | $431.16 Million | 24.57% | 0.63x | $2.11 Million |
| Sabina Public Company Limited (SABINA) | $1.84 Billion | 19.70% | 0.42x | $74.21 Million |