Three A Resources Bhd (0012) - Net Assets
Based on the latest financial reports, Three A Resources Bhd (0012) has net assets worth RM491.51 Million MYR (≈ $123.40 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 (RM539.88 Million ≈ $135.55 Million USD) and total liabilities (RM48.38 Million ≈ $12.15 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 0012 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM491.51 Million |
| % of Total Assets | 91.04% |
| Annual Growth Rate | 12.85% |
| 5-Year Change | 30.39% |
| 10-Year Change | 92.55% |
| Growth Volatility | 16.52 |
Three A Resources Bhd - Net Assets Trend (2006–2024)
This chart illustrates how Three A Resources Bhd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Three A Resources Bhd for the complete picture of this company's asset base.
Annual Net Assets for Three A Resources Bhd (2006–2024)
The table below shows the annual net assets of Three A Resources Bhd from 2006 to 2024. For live valuation and market cap data, see market cap of Three A Resources Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM477.86 Million ≈ $119.97 Million |
+6.05% |
| 2023-12-31 | RM450.59 Million ≈ $113.13 Million |
+7.26% |
| 2022-12-31 | RM420.11 Million ≈ $105.47 Million |
+5.47% |
| 2021-12-31 | RM398.31 Million ≈ $100.00 Million |
+8.69% |
| 2020-12-31 | RM366.47 Million ≈ $92.01 Million |
+5.26% |
| 2019-12-31 | RM348.17 Million ≈ $87.41 Million |
+5.96% |
| 2018-12-31 | RM328.60 Million ≈ $82.50 Million |
+6.23% |
| 2017-12-31 | RM309.31 Million ≈ $77.66 Million |
+10.69% |
| 2016-12-31 | RM279.44 Million ≈ $70.16 Million |
+12.60% |
| 2015-12-31 | RM248.17 Million ≈ $62.31 Million |
+7.05% |
| 2014-12-31 | RM231.82 Million ≈ $58.20 Million |
+5.84% |
| 2013-12-31 | RM219.03 Million ≈ $54.99 Million |
+2.47% |
| 2012-12-31 | RM213.75 Million ≈ $53.67 Million |
+6.35% |
| 2011-12-31 | RM200.99 Million ≈ $50.46 Million |
+5.88% |
| 2010-12-31 | RM189.82 Million ≈ $47.66 Million |
+39.32% |
| 2009-12-31 | RM136.24 Million ≈ $34.21 Million |
+71.07% |
| 2008-12-31 | RM79.64 Million ≈ $20.00 Million |
+14.07% |
| 2007-12-31 | RM69.82 Million ≈ $17.53 Million |
+28.83% |
| 2006-12-31 | RM54.19 Million ≈ $13.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Three A 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 grown by 1706.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM333.41 Million | 69.77% |
| Common Stock | RM149.09 Million | 31.20% |
| Total Equity | RM477.86 Million | 100.00% |
Three A Resources Bhd Competitors by Market Cap
The table below lists competitors of Three A Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tambun Indah Land Bhd
KLSE:5191
|
$86.03 Million |
|
Globex Mining Enterprises Inc.
TO:GMX
|
$86.07 Million |
|
Metro Ticari ve Mali Yatirimlar Holding AS
IS:METRO
|
$86.11 Million |
|
Interlink Telecom Public Company Limited
BK:ITEL
|
$86.13 Million |
|
09women Co. Ltd.
KQ:366030
|
$85.97 Million |
|
Daehan Synthet
KO:003830
|
$85.96 Million |
|
Gigalane Co Ltd
KQ:049080
|
$85.94 Million |
|
Wisekey International Holding AG
NASDAQ:WKEY
|
$85.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Three A Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 450,592,000 to 477,859,000, a change of 27,267,000 (6.1%).
- Net income of 43,449,000 contributed positively to equity growth.
- Dividend payments of 13,692,000 reduced retained earnings.
- Share repurchases of 2,490,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM43.45 Million | +9.09% |
| Dividends Paid | RM13.69 Million | -2.87% |
| Share Repurchases | RM2.49 Million | -0.52% |
| Total Change | RM- | 6.05% |
Book Value vs Market Value Analysis
This analysis compares Three A 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: 0.72x
- 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 4.55x to 0.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.15 | RM0.71 | x |
| 2007-12-31 | RM0.19 | RM0.71 | x |
| 2008-12-31 | RM0.21 | RM0.71 | x |
| 2009-12-31 | RM0.34 | RM0.71 | x |
| 2010-12-31 | RM0.40 | RM0.71 | x |
| 2011-12-31 | RM0.41 | RM0.71 | x |
| 2012-12-31 | RM0.43 | RM0.71 | x |
| 2013-12-31 | RM0.45 | RM0.71 | x |
| 2014-12-31 | RM0.47 | RM0.71 | x |
| 2015-12-31 | RM0.50 | RM0.71 | x |
| 2016-12-31 | RM0.62 | RM0.71 | x |
| 2017-12-31 | RM0.68 | RM0.71 | x |
| 2018-12-31 | RM0.67 | RM0.71 | x |
| 2019-12-31 | RM0.71 | RM0.71 | x |
| 2020-12-31 | RM0.75 | RM0.71 | x |
| 2021-12-31 | RM0.81 | RM0.71 | x |
| 2022-12-31 | RM0.86 | RM0.71 | x |
| 2023-12-31 | RM0.92 | RM0.71 | x |
| 2024-12-31 | RM0.98 | RM0.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Three A 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): 9.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.80%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.12x
- Recent ROE (9.09%) is below the historical average (10.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 15.93% | 10.27% | 0.89x | 1.74x | RM3.21 Million |
| 2007 | 14.48% | 9.44% | 0.88x | 1.75x | RM3.13 Million |
| 2008 | 15.24% | 7.97% | 1.10x | 1.74x | RM4.17 Million |
| 2009 | 13.24% | 10.10% | 0.91x | 1.43x | RM4.41 Million |
| 2010 | 8.90% | 6.79% | 0.86x | 1.53x | RM-2.09 Million |
| 2011 | 7.90% | 5.91% | 0.94x | 1.42x | RM-4.21 Million |
| 2012 | 8.25% | 5.76% | 0.97x | 1.47x | RM-3.74 Million |
| 2013 | 4.71% | 3.41% | 1.03x | 1.34x | RM-11.59 Million |
| 2014 | 7.86% | 5.85% | 1.11x | 1.21x | RM-4.97 Million |
| 2015 | 8.09% | 5.70% | 1.10x | 1.29x | RM-4.74 Million |
| 2016 | 13.93% | 10.04% | 1.14x | 1.22x | RM10.98 Million |
| 2017 | 13.46% | 10.12% | 1.10x | 1.20x | RM10.72 Million |
| 2018 | 8.86% | 6.65% | 1.11x | 1.20x | RM-3.74 Million |
| 2019 | 8.45% | 6.75% | 1.07x | 1.17x | RM-5.40 Million |
| 2020 | 8.23% | 6.92% | 1.01x | 1.18x | RM-6.49 Million |
| 2021 | 11.69% | 9.03% | 1.11x | 1.16x | RM6.71 Million |
| 2022 | 8.35% | 5.33% | 1.29x | 1.21x | RM-6.92 Million |
| 2023 | 10.02% | 7.48% | 1.19x | 1.12x | RM95.80K |
| 2024 | 9.09% | 7.80% | 1.04x | 1.12x | RM-4.34 Million |
Industry Comparison
This section compares Three A Resources Bhd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,635,494,506
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Three A Resources Bhd (0012) | RM491.51 Million | 15.93% | 0.10x | $86.02 Million |
| Sunzen Biotech Bhd (0148) | $99.45 Million | 3.49% | 0.20x | $45.14 Million |
| Bioalpha Holdings Bhd (0179) | $165.55 Million | 5.02% | 0.17x | $5.30 Million |
| Nova Wellness Group Bhd (0201) | $109.78 Million | 7.17% | 0.09x | $26.41 Million |
| SDS Group Bhd (0212) | $64.60 Million | 6.31% | 1.26x | $59.23 Million |
| PTRB (0260) | $203.52 Million | 26.03% | 0.72x | $36.27 Million |
| MYMBN Berhad (0280) | $27.12 Million | -19.79% | 0.32x | $9.21 Million |
| SBH Marine Holdings Berhad (0300) | $77.33 Million | 10.74% | 0.33x | $32.33 Million |
| OB Holdings Berhad (0327) | $20.10 Million | 23.44% | 0.52x | $21.14 Million |
| IOI Corporation Bhd (1961) | $13.95 Billion | 14.12% | 0.71x | $6.38 Billion |
About Three A Resources Bhd
Three-A Resources Berhad, an investment holding company, manufactures and sells food and beverage ingredients in Malaysia, Singapore, and internationally. Its products portfolio includes liquid caramels and caramel colours; fermented, distilled, and rice vinegar products; liquid maltodextrin products; glucose, golden, and maltose syrups; soya protein and hydrolysed vegetable protein sauce product… Read more