Scope Industries Bhd (0028) - Net Assets
Based on the latest financial reports, Scope Industries Bhd (0028) has net assets worth RM182.95 Million MYR (≈ $45.93 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 (RM199.44 Million ≈ $50.07 Million USD) and total liabilities (RM16.49 Million ≈ $4.14 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 financial resilience of Scope Industries Bhd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM182.95 Million |
| % of Total Assets | 91.73% |
| Annual Growth Rate | 3.74% |
| 5-Year Change | 29.89% |
| 10-Year Change | N/A |
| Growth Volatility | 24.47 |
Scope Industries Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Scope Industries Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Scope Industries Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Scope Industries Bhd (2015–2024)
The table below shows the annual net assets of Scope Industries Bhd from 2015 to 2024. For live valuation and market cap data, see Scope Industries Bhd (0028) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM152.43 Million ≈ $38.27 Million |
-5.89% |
| 2023-12-31 | RM161.97 Million ≈ $40.67 Million |
-18.14% |
| 2022-12-31 | RM197.87 Million ≈ $49.68 Million |
+2.13% |
| 2021-12-31 | RM193.75 Million ≈ $48.64 Million |
+65.09% |
| 2020-12-31 | RM117.36 Million ≈ $29.46 Million |
+26.92% |
| 2019-12-31 | RM92.47 Million ≈ $23.22 Million |
-19.45% |
| 2018-12-31 | RM114.80 Million ≈ $28.82 Million |
+3.57% |
| 2017-12-31 | RM110.84 Million ≈ $27.83 Million |
-1.23% |
| 2016-12-31 | RM112.22 Million ≈ $28.18 Million |
+2.43% |
| 2015-12-31 | RM109.56 Million ≈ $27.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Scope Industries 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 173.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM192.31 Million | 126.16% |
| Total Equity | RM152.43 Million | 100.00% |
Scope Industries Bhd Competitors by Market Cap
The table below lists competitors of Scope Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Texchem Resources Bhd
KLSE:8702
|
$21.75 Million |
|
Victor Group Holdings Ltd
AU:VIG
|
$21.76 Million |
|
Mycron Steel Bhd
KLSE:5087
|
$21.76 Million |
|
Associated Industries China Inc
TW:9912
|
$21.76 Million |
|
Telefast Indonesia
JK:TFAS
|
$21.75 Million |
|
Celsius Resources Limited
F:FX8
|
$21.74 Million |
|
Octopus Robots SA
PA:MLOCT
|
$21.74 Million |
|
Outback Goldfields Corp
V:OZ
|
$21.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Scope Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 161,971,370 to 152,429,340, a change of -9,542,030 (-5.9%).
- Net loss of 8,492,760 reduced equity.
- Share repurchases of 3,600 reduced equity.
- New share issuances of 3,600 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-8.49 Million | -5.57% |
| Share Repurchases | RM3.60K | -0.0% |
| Share Issuances | RM3.60K | +0.0% |
| Other Changes | RM-1.05 Million | -0.69% |
| Total Change | RM- | -5.89% |
Book Value vs Market Value Analysis
This analysis compares Scope Industries 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: 0.57x
- 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 increased from 0.42x to 0.57x 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 | RM0.18 | RM0.08 | x |
| 2016-12-31 | RM0.18 | RM0.08 | x |
| 2017-12-31 | RM0.18 | RM0.08 | x |
| 2018-12-31 | RM0.17 | RM0.08 | x |
| 2019-12-31 | RM0.13 | RM0.08 | x |
| 2020-12-31 | RM0.14 | RM0.08 | x |
| 2021-12-31 | RM0.17 | RM0.08 | x |
| 2022-12-31 | RM0.17 | RM0.08 | x |
| 2023-12-31 | RM0.14 | RM0.08 | x |
| 2024-12-31 | RM0.13 | RM0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Scope Industries 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): -5.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.48%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.18x
- Recent ROE (-5.57%) is below the historical average (-4.73%), 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 | 1.45% | 6.63% | 0.18x | 1.24x | RM-9.37 Million |
| 2016 | 4.00% | 17.19% | 0.19x | 1.24x | RM-6.74 Million |
| 2017 | 1.28% | 6.37% | 0.16x | 1.23x | RM-9.66 Million |
| 2018 | -4.22% | -31.12% | 0.11x | 1.26x | RM-16.32 Million |
| 2019 | -31.02% | -146.05% | 0.16x | 1.34x | RM-37.93 Million |
| 2020 | 5.76% | 7.75% | 0.54x | 1.38x | RM-4.98 Million |
| 2021 | 3.15% | 3.55% | 0.73x | 1.21x | RM-13.28 Million |
| 2022 | 0.42% | 0.48% | 0.76x | 1.15x | RM-18.96 Million |
| 2023 | -22.56% | -30.50% | 0.66x | 1.12x | RM-52.74 Million |
| 2024 | -5.57% | -30.48% | 0.15x | 1.18x | RM-23.74 Million |
Industry Comparison
This section compares Scope Industries Bhd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $450,180,393
- Average return on equity (ROE) among peers: 11.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Scope Industries Bhd (0028) | RM182.95 Million | 1.45% | 0.09x | $21.75 Million |
| Notion Vtec Bhd (0083) | $99.86 Million | 20.69% | 0.30x | $58.77 Million |
| K-One Technology Bhd (0111) | $114.89 Million | 0.18% | 0.65x | $21.93 Million |
| JHM Consolidation Bhd (0127) | $35.74 Million | 18.05% | 1.69x | $50.97 Million |
| NationGate Holdings Berhad (0270) | $229.05 Million | 37.23% | 2.33x | $423.16 Million |
| GUH Holdings Bhd (3247) | $468.54 Million | -3.44% | 0.27x | $19.91 Million |
| Cape EMS Berhad (5311) | $447.06 Million | 4.03% | 0.70x | $73.47 Million |
| CPE Technology Berhad (5317) | $309.04 Million | 9.80% | 0.13x | $131.47 Million |
| VS Industry Bhd (6963) | $2.15 Billion | 1.71% | 0.75x | $203.23 Million |
| PIE Industrial Bhd (7095) | $196.04 Million | 18.16% | 0.24x | $184.16 Million |
About Scope Industries Bhd
Scope Industries Berhad, an investment holding company, manufactures and assembles electrical and electronics components and products in Malaysia and Taiwan. The company operates through Manufacturing, Plantation, and Trading segments. It provides services for printed circuit board assembly; and complete box-build services to original equipment manufacturing companies. The company is also involve… Read more