Artroniq Berhad (0038) - Net Assets
Based on the latest financial reports, Artroniq Berhad (0038) has net assets worth RM60.69 Million MYR (≈ $15.24 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 (RM66.56 Million ≈ $16.71 Million USD) and total liabilities (RM5.88 Million ≈ $1.48 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 0038 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM60.69 Million |
| % of Total Assets | 91.17% |
| Annual Growth Rate | 6.84% |
| 5-Year Change | 112.57% |
| 10-Year Change | N/A |
| Growth Volatility | 36.39 |
Artroniq Berhad - Net Assets Trend (2015–2024)
This chart illustrates how Artroniq Berhad's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Artroniq Berhad for the complete picture of this company's asset base.
Annual Net Assets for Artroniq Berhad (2015–2024)
The table below shows the annual net assets of Artroniq Berhad from 2015 to 2024. For live valuation and market cap data, see 0038 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM61.32 Million ≈ $15.40 Million |
-29.76% |
| 2023-12-31 | RM87.30 Million ≈ $21.92 Million |
+105.45% |
| 2022-12-31 | RM42.49 Million ≈ $10.67 Million |
+23.83% |
| 2021-12-31 | RM34.32 Million ≈ $8.62 Million |
+18.96% |
| 2020-12-31 | RM28.85 Million ≈ $7.24 Million |
+0.33% |
| 2019-12-31 | RM28.75 Million ≈ $7.22 Million |
-7.20% |
| 2018-12-31 | RM30.98 Million ≈ $7.78 Million |
-0.33% |
| 2017-12-31 | RM31.09 Million ≈ $7.81 Million |
-10.67% |
| 2016-12-31 | RM34.80 Million ≈ $8.74 Million |
+2.93% |
| 2015-12-31 | RM33.81 Million ≈ $8.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Artroniq Berhad'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 552.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM109.72 Million | 181.79% |
| Total Equity | RM60.36 Million | 100.00% |
Artroniq Berhad Competitors by Market Cap
The table below lists competitors of Artroniq Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PCCS Group Bhd
KLSE:6068
|
$15.78 Million |
|
Lagnam Spintex Limited
NSE:LAGNAM
|
$15.79 Million |
|
SMX (Security Matters) Public Limited Company Class A Ordinary Shares
NASDAQ:SMX
|
$15.79 Million |
|
Bertam Alliance Bhd
KLSE:9814
|
$15.79 Million |
|
Hank Payments Corp
V:HANK
|
$15.76 Million |
|
SBC Corp Bhd
KLSE:5207
|
$15.76 Million |
|
MyTech Group Bhd
KLSE:7692
|
$15.76 Million |
|
Kingsmen C.M.T.I. Public Company Limited
BK:K
|
$15.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Artroniq Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 86,231,000 to 60,358,514, a change of -25,872,486 (-30.0%).
- Net loss of 20,925,124 reduced equity.
- Dividend payments of 845,980 reduced retained earnings.
- Share repurchases of 51,079,450 reduced equity.
- Other factors increased equity by 46,978,068.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-20.93 Million | -34.67% |
| Dividends Paid | RM845.98K | -1.4% |
| Share Repurchases | RM51.08 Million | -84.63% |
| Other Changes | RM46.98 Million | +77.83% |
| Total Change | RM- | -30.00% |
Book Value vs Market Value Analysis
This analysis compares Artroniq Berhad'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: 0.94x
- 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 0.61x to 0.94x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.23 | RM0.14 | x |
| 2017-12-31 | RM0.21 | RM0.14 | x |
| 2018-12-31 | RM0.17 | RM0.14 | x |
| 2019-12-31 | RM0.15 | RM0.14 | x |
| 2020-12-31 | RM0.11 | RM0.14 | x |
| 2021-12-31 | RM0.12 | RM0.14 | x |
| 2022-12-31 | RM0.13 | RM0.14 | x |
| 2023-12-31 | RM0.21 | RM0.14 | x |
| 2024-12-31 | RM0.15 | RM0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Artroniq Berhad 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): -34.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -82.24%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.18x
- Recent ROE (-34.67%) is below the historical average (-11.44%), 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 | 4.57% | 2.75% | 1.02x | 1.63x | RM-1.84 Million |
| 2016 | 3.33% | 2.01% | 1.12x | 1.48x | RM-2.32 Million |
| 2017 | -11.19% | -7.36% | 1.04x | 1.46x | RM-6.59 Million |
| 2018 | -16.35% | -10.70% | 1.00x | 1.52x | RM-8.16 Million |
| 2019 | -7.76% | -2.29% | 2.86x | 1.18x | RM-5.11 Million |
| 2020 | -40.99% | -7.06% | 3.91x | 1.49x | RM-14.71 Million |
| 2021 | 14.32% | 1.79% | 5.15x | 1.55x | RM1.45 Million |
| 2022 | -19.26% | -7.89% | 1.05x | 2.32x | RM-11.90 Million |
| 2023 | -6.40% | -14.39% | 0.37x | 1.20x | RM-14.14 Million |
| 2024 | -34.67% | -82.24% | 0.36x | 1.18x | RM-26.96 Million |
Industry Comparison
This section compares Artroniq Berhad's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $65,795,656
- Average return on equity (ROE) among peers: 5.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Artroniq Berhad (0038) | RM60.69 Million | 4.57% | 0.10x | $15.77 Million |
| Pineapple Resources Bhd (0006) | $26.14 Million | 0.09% | 0.10x | $10.29 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 Artroniq Berhad
Artroniq Berhad, an investment holding company, provides trading of information and communication technology (ICT) products and related services, management services, and semiconductor in Malaysia, Asia, the Middle East, the United States, and internationally. It is involved in the import, export, and distribution of information and communication technology products and related activities; provis… Read more