AT Systematization Bhd
Erdasan Group Berhad, an investment holding company, designs, manufactures, and fabricates industrial automation systems, machinery, and industrial and engineering parts. The company operates through Fabrication and Automation; Renewable Energy and Property; and Gloves segments. The Fabrication and Automation segment offers fabrication of industrial and engineering parts, and sheet metal. The Ren… Read more
AT Systematization Bhd (0072) - Net Assets
Latest net assets as of March 2025: RM150.81 Million MYR
Based on the latest financial reports, AT Systematization Bhd (0072) has net assets worth RM150.81 Million MYR as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM190.52 Million) and total liabilities (RM39.71 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 | RM150.81 Million |
| % of Total Assets | 79.16% |
| Annual Growth Rate | 13.78% |
| 5-Year Change | -59.21% |
| 10-Year Change | 253.64% |
| Growth Volatility | 200.75 |
AT Systematization Bhd - Net Assets Trend (2015–2025)
This chart illustrates how AT Systematization Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AT Systematization Bhd (2015–2025)
The table below shows the annual net assets of AT Systematization Bhd from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM150.81 Million | -6.84% |
| 2024-03-31 | RM161.89 Million | -37.08% |
| 2023-03-31 | RM257.28 Million | -23.71% |
| 2022-03-31 | RM337.22 Million | -8.80% |
| 2021-03-31 | RM369.77 Million | +659.87% |
| 2020-03-31 | RM48.66 Million | -20.95% |
| 2019-03-31 | RM61.56 Million | -16.66% |
| 2018-03-31 | RM73.87 Million | +20.03% |
| 2017-03-31 | RM61.54 Million | +44.31% |
| 2016-03-31 | RM42.65 Million | +2.88% |
| 2015-03-31 | RM41.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AT Systematization 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 7148103000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM237.95 Million | 157.78% |
| Total Equity | RM150.81 Million | 100.00% |
AT Systematization Bhd Competitors by Market Cap
The table below lists competitors of AT Systematization Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Levinstein Prop
TA:LVPR
|
$3.46 Million |
|
Sanginita Chemicals Limited
NSE:SANGINITA
|
$3.46 Million |
|
International Research Corporation Public Company Limited
BK:IRCP
|
$3.46 Million |
|
Vestand Inc.
NASDAQ:VSTD
|
$3.46 Million |
|
Magna Terra Minerals Inc
PINK:BRIOF
|
$3.46 Million |
|
Thai-German Products Public Company Limited
BK:TGPRO
|
$3.46 Million |
|
Tennant Minerals Ltd
AU:TMS
|
$3.46 Million |
|
Intervacc AB (publ)
F:2E9
|
$3.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AT Systematization Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 161,891,179 to 150,812,000, a change of -11,079,179 (-6.8%).
- Net income of 7,845,000 contributed positively to equity growth.
- New share issuances of 468,000 increased equity.
- Other factors decreased equity by 19,392,179.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM7.84 Million | +5.2% |
| Share Issuances | RM468.00K | +0.31% |
| Other Changes | RM-19.39 Million | -12.86% |
| Total Change | RM- | -6.84% |
Book Value vs Market Value Analysis
This analysis compares AT Systematization 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: 0.12x
- 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 0.38x to 0.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.21 | RM0.08 | x |
| 2018-03-31 | RM0.18 | RM0.08 | x |
| 2019-03-31 | RM0.13 | RM0.08 | x |
| 2020-03-31 | RM0.10 | RM0.08 | x |
| 2021-03-31 | RM0.02 | RM0.08 | x |
| 2022-03-31 | RM0.01 | RM0.08 | x |
| 2023-03-31 | RM0.04 | RM0.08 | x |
| 2024-03-31 | RM0.72 | RM0.08 | x |
| 2025-03-31 | RM0.66 | RM0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AT Systematization 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): 5.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.21%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.26x
- Recent ROE (5.20%) is above the historical average (-17.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 1.72% | 3.05% | 0.43x | 1.30x | RM-3.43 Million |
| 2016 | -5.96% | -14.62% | 0.29x | 1.40x | RM-6.81 Million |
| 2017 | -16.42% | -55.40% | 0.22x | 1.37x | RM-16.26 Million |
| 2018 | -7.62% | -24.38% | 0.26x | 1.21x | RM-13.01 Million |
| 2019 | -14.21% | -42.43% | 0.25x | 1.33x | RM-14.90 Million |
| 2020 | -31.54% | -77.63% | 0.27x | 1.49x | RM-20.21 Million |
| 2021 | -5.55% | -66.38% | 0.08x | 1.06x | RM-57.51 Million |
| 2022 | -36.79% | -158.78% | 0.17x | 1.39x | RM-157.78 Million |
| 2023 | -32.16% | -136.10% | 0.17x | 1.38x | RM-108.47 Million |
| 2024 | -49.95% | -248.16% | 0.15x | 1.32x | RM-97.05 Million |
| 2025 | 5.20% | 25.21% | 0.16x | 1.26x | RM-7.24 Million |
Industry Comparison
This section compares AT Systematization Bhd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $64,744,586
- Average return on equity (ROE) among peers: 28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AT Systematization Bhd (0072) | RM150.81 Million | 1.72% | 0.26x | $3.46 Million |
| YBS International Bhd (0025) | $55.16 Million | 4.17% | 0.60x | $6.24 Million |
| Genetec Technology Bhd (0104) | $160.80 Million | 35.08% | 0.83x | $23.40 Million |
| Boilermech Holdings Bhd (0168) | $161.65 Million | 19.03% | 0.85x | $38.28 Million |
| HLT Global Bhd (0188) | $52.74 Million | 9.17% | 1.27x | $3.07 Million |
| Greatech Technology Bhd (0208) | $40.50 Million | 47.05% | 1.60x | $388.67 Million |
| Aimflex Bhd (0209) | $13.35 Million | 61.55% | 2.09x | $15.68 Million |
| Flexidynamic Holdings Bhd (0231) | $13.26 Million | 33.16% | 1.01x | $1.77 Million |
| ECA (0267) | $61.14 Million | 17.64% | 0.17x | $7.22 Million |
| TP TEC Holding Berhad (03061) | $24.11 Million | 27.84% | 1.93x | $658.97 |