Pineapple Resources Bhd (0006) - Net Assets
Based on the latest financial reports, Pineapple Resources Bhd (0006) has net assets worth RM13.45 Million MYR (≈ $3.38 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 (RM18.80 Million ≈ $4.72 Million USD) and total liabilities (RM5.36 Million ≈ $1.35 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 Pineapple Resources Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM13.45 Million |
| % of Total Assets | 71.5% |
| Annual Growth Rate | -6.93% |
| 5-Year Change | -37.62% |
| 10-Year Change | N/A |
| Growth Volatility | 6.48 |
Pineapple Resources Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Pineapple Resources Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Pineapple Resources Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Pineapple Resources Bhd (2015–2024)
The table below shows the annual net assets of Pineapple Resources Bhd from 2015 to 2024. For live valuation and market cap data, see 0006 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM13.69 Million ≈ $3.44 Million |
-11.50% |
| 2023-12-31 | RM15.47 Million ≈ $3.88 Million |
-15.53% |
| 2022-12-31 | RM18.32 Million ≈ $4.60 Million |
-13.21% |
| 2021-12-31 | RM21.11 Million ≈ $5.30 Million |
-3.85% |
| 2020-12-31 | RM21.95 Million ≈ $5.51 Million |
-1.69% |
| 2019-12-31 | RM22.33 Million ≈ $5.61 Million |
-14.58% |
| 2018-12-31 | RM26.14 Million ≈ $6.56 Million |
+0.09% |
| 2017-12-31 | RM26.12 Million ≈ $6.56 Million |
+1.37% |
| 2016-12-31 | RM25.77 Million ≈ $6.47 Million |
-1.44% |
| 2015-12-31 | RM26.14 Million ≈ $6.56 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pineapple Resources Bhd'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 657.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM24.25 Million | 177.08% |
| Total Equity | RM13.69 Million | 100.00% |
Pineapple Resources Bhd Competitors by Market Cap
The table below lists competitors of Pineapple Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NORTHERN FREEGOLD
F:8N6
|
$10.30 Million |
|
Akora Resources Ltd
AU:AKO
|
$10.31 Million |
|
Charn Issara Development Public Company Limited
BK:CI
|
$10.31 Million |
|
InnSuites Hospitality Trust
NYSE MKT:IHT
|
$10.31 Million |
|
ICG Enterprise Trust PLC
LSE:ICGT
|
$10.28 Million |
|
Chia Yi Steel Co Ltd
TWO:2067
|
$10.28 Million |
|
Cemtrex Inc
NASDAQ:CETX
|
$10.28 Million |
|
BEDFORD METALS CORP.
F:O8D
|
$10.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pineapple Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,473,860 to 13,694,540, a change of -1,779,320 (-11.5%).
- Net loss of 1,779,330 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-1.78 Million | -12.99% |
| Other Changes | RM10.00 | +0.0% |
| Total Change | RM- | -11.50% |
Book Value vs Market Value Analysis
This analysis compares Pineapple Resources Bhd'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: 2.99x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.57x to 2.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | RM0.54 | RM0.85 | x |
| 2016-12-31 | RM0.53 | RM0.85 | x |
| 2017-12-31 | RM0.54 | RM0.85 | x |
| 2018-12-31 | RM0.54 | RM0.85 | x |
| 2019-12-31 | RM0.46 | RM0.85 | x |
| 2020-12-31 | RM0.45 | RM0.85 | x |
| 2021-12-31 | RM0.44 | RM0.85 | x |
| 2022-12-31 | RM0.38 | RM0.85 | x |
| 2023-12-31 | RM0.32 | RM0.85 | x |
| 2024-12-31 | RM0.28 | RM0.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pineapple Resources Bhd 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): -12.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.79%
- • Asset Turnover: 1.90x
- • Equity Multiplier: 1.43x
- Recent ROE (-12.99%) is below the historical average (-7.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -2.40% | -1.33% | 1.63x | 1.10x | RM-3.24 Million |
| 2016 | -1.46% | -0.74% | 1.75x | 1.14x | RM-2.95 Million |
| 2017 | 1.35% | 0.62% | 1.99x | 1.10x | RM-2.26 Million |
| 2018 | 0.09% | 0.04% | 2.01x | 1.10x | RM-2.59 Million |
| 2019 | -16.77% | -4.49% | 2.75x | 1.36x | RM-5.98 Million |
| 2020 | -1.72% | -0.68% | 1.91x | 1.33x | RM-2.57 Million |
| 2021 | -4.01% | -1.68% | 1.81x | 1.32x | RM-2.96 Million |
| 2022 | -15.22% | -5.87% | 1.98x | 1.31x | RM-4.62 Million |
| 2023 | -18.38% | -6.90% | 1.93x | 1.38x | RM-4.39 Million |
| 2024 | -12.99% | -4.79% | 1.90x | 1.43x | RM-3.15 Million |
Industry Comparison
This section compares Pineapple Resources Bhd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $67,612,235
- Average return on equity (ROE) among peers: 3.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pineapple Resources Bhd (0006) | RM13.45 Million | -2.40% | 0.40x | $10.29 Million |
| Artroniq Berhad (0038) | $42.49 Million | -18.43% | 1.22x | $15.77 Million |
| Vsolar Group Bhd (0066) | $15.07 Million | -10.21% | 0.08x | $4.99 Million |
| YGL Convergence Bhd (0086) | $19.02 Million | -1.73% | 0.16x | $5.15 Million |
| QES Group Bhd (0196) | $46.53 Million | 32.29% | 1.44x | $89.94 Million |
| Radiant Globaltech Bhd (0202) | $58.62 Million | 5.11% | 0.26x | $32.78 Million |
| Aco Group Bhd (0218) | $92.10 Million | 3.28% | 0.72x | $13.95 Million |
| SNS (0259) | $43.34 Million | 17.96% | 3.17x | $197.74 Million |
| Marco Holdings Bhd (3514) | $190.65 Million | 7.23% | 0.07x | $26.47 Million |
| Compugates Holdings Bhd (5037) | $100.70 Million | -7.10% | 0.70x | $22.79 Million |
About Pineapple Resources Bhd
Pineapple Resources Berhad, an investment holding company, retails and distributes computer hardware, software, peripherals, accessories, and printing consumables in Malaysia. It operates through Retailing of Information Technology (IT) Related Products and Restaurant Operations segments. The company offers its products through its retail outlets and online platforms. It also operates food and be… Read more