Ramssol Group Bhd
Ramssol Group Berhad, an investment holding company, provides human resource solutions in Malaysia, Singapore, Thailand, Indonesia, the Netherlands, Hong Kong, and Japan. The company offers human capital and student management solutions to local and foreign organizations, as well as educational institutions; and technical support and related installation services, as well as IT staff augmentation… Read more
Ramssol Group Bhd (0236) - Net Assets
Latest net assets as of September 2025: RM145.75 Million MYR
Based on the latest financial reports, Ramssol Group Bhd (0236) has net assets worth RM145.75 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM163.34 Million) and total liabilities (RM17.59 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 | RM145.75 Million |
| % of Total Assets | 89.23% |
| Annual Growth Rate | 68.07% |
| 5-Year Change | 1183.5% |
| 10-Year Change | N/A |
| Growth Volatility | 221.94 |
Ramssol Group Bhd - Net Assets Trend (2017–2024)
This chart illustrates how Ramssol Group 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 Ramssol Group Bhd (2017–2024)
The table below shows the annual net assets of Ramssol Group Bhd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM113.23 Million | +39.35% |
| 2023-12-31 | RM81.26 Million | +46.17% |
| 2022-12-31 | RM55.59 Million | +26.18% |
| 2021-12-31 | RM44.06 Million | +399.40% |
| 2020-12-31 | RM8.82 Million | +571.39% |
| 2019-12-31 | RM1.31 Million | -46.01% |
| 2018-12-31 | RM2.43 Million | -18.54% |
| 2017-12-31 | RM2.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ramssol Group 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 2423.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM38.69 Million | 33.75% |
| Other Components | RM75.96 Million | 66.25% |
| Total Equity | RM114.65 Million | 100.00% |
Ramssol Group Bhd Competitors by Market Cap
The table below lists competitors of Ramssol Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daily Polymer
TWO:4716
|
$35.99 Million |
|
ImpediMed Limited
PINK:IPDQF
|
$36.00 Million |
|
NISSAN SECURITIES GROUP
F:OH5
|
$36.01 Million |
|
Neffs Bancorp Inc
PINK:NEFB
|
$36.01 Million |
|
Ten Ren Tea Co Ltd
TW:1233
|
$35.95 Million |
|
B1Q
F:B1Q
|
$35.95 Million |
|
TGS Dis Ticaret AS
IS:TGSAS
|
$35.95 Million |
|
Dmg Blockchain Solutions Inc
OTCQB:DMGGF
|
$35.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ramssol Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 85,186,000 to 114,654,000, a change of 29,468,000 (34.6%).
- Net income of 13,648,000 contributed positively to equity growth.
- Share repurchases of 9,849,000 reduced equity.
- New share issuances of 9,849,000 increased equity.
- Other factors increased equity by 15,820,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM13.65 Million | +11.9% |
| Share Repurchases | RM9.85 Million | -8.59% |
| Share Issuances | RM9.85 Million | +8.59% |
| Other Changes | RM15.82 Million | +13.8% |
| Total Change | RM- | 34.59% |
Book Value vs Market Value Analysis
This analysis compares Ramssol Group 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: 2.59x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 62.71x to 2.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | RM0.01 | RM0.84 | x |
| 2018-12-31 | RM0.01 | RM0.84 | x |
| 2019-12-31 | RM0.01 | RM0.84 | x |
| 2020-12-31 | RM0.04 | RM0.84 | x |
| 2021-12-31 | RM0.20 | RM0.84 | x |
| 2022-12-31 | RM0.23 | RM0.84 | x |
| 2023-12-31 | RM0.27 | RM0.84 | x |
| 2024-12-31 | RM0.32 | RM0.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ramssol Group 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): 11.90%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.73%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.36x
- Recent ROE (11.90%) is below the historical average (59.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.95% | 1.29% | 1.03x | 2.22x | RM-210.80K |
| 2018 | 7.27% | 1.41% | 2.41x | 2.13x | RM-66.40K |
| 2019 | 342.01% | 29.11% | 1.55x | 7.58x | RM4.36 Million |
| 2020 | 85.39% | 29.74% | 1.28x | 2.24x | RM6.65 Million |
| 2021 | 15.38% | 12.90% | 1.06x | 1.12x | RM2.37 Million |
| 2022 | 6.81% | 13.60% | 0.45x | 1.11x | RM-1.77 Million |
| 2023 | 7.35% | 20.61% | 0.30x | 1.18x | RM-2.26 Million |
| 2024 | 11.90% | 21.73% | 0.40x | 1.36x | RM2.18 Million |
Industry Comparison
This section compares Ramssol Group Bhd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $115,841,628
- Average return on equity (ROE) among peers: -24.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ramssol Group Bhd (0236) | RM145.75 Million | 2.95% | 0.12x | $35.97 Million |
| IFCA MSC Bhd (0023) | $106.07 Million | 0.49% | 0.34x | $14.32 Million |
| Nova MSC Bhd (0026) | $46.59 Million | 1.10% | 0.26x | $10.03 Million |
| MMAG Holdings Bhd (0034) | $376.25 Million | -6.02% | 1.13x | $960.62K |
| Systech Bhd (0050) | $51.31 Million | 0.86% | 0.24x | $10.69 Million |
| Cuscapi Berhad (0051) | $18.84 Million | -130.34% | 1.75x | $5.12 Million |
| Excel Force MSC Bhd (0065) | $101.67 Million | 12.12% | 0.08x | $7.15 Million |
| N2N Connect Bhd (0108) | $284.73 Million | 6.19% | 0.08x | $11.11 Million |
| Appasia Bhd (0119) | $27.12 Million | 1.71% | 0.13x | $10.71 Million |
| DGB Asia Bhd (0152) | $130.71 Million | -16.79% | 0.86x | $838.97K |
| iDimension Consolidated Bhd (0174) | $15.11 Million | -112.15% | 0.73x | $566.90K |