Ramssol Group Bhd (0236) - Net Assets
Based on the latest financial reports, Ramssol Group Bhd (0236) has net assets worth RM148.09 Million MYR (≈ $37.18 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM200.81 Million ≈ $50.42 Million USD) and total liabilities (RM52.71 Million ≈ $13.23 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 Ramssol Group Bhd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM148.09 Million |
| % of Total Assets | 73.75% |
| Annual Growth Rate | 62.69% |
| 5-Year Change | 232.83% |
| 10-Year Change | N/A |
| Growth Volatility | 211.12 |
Ramssol Group Bhd - Net Assets Trend (2017–2025)
This chart illustrates how Ramssol Group Bhd's net assets have evolved over time, based on quarterly financial data. See Ramssol Group Bhd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ramssol Group Bhd (2017–2025)
The table below shows the annual net assets of Ramssol Group Bhd from 2017 to 2025. For live valuation and market cap data, see 0236 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM146.63 Million ≈ $36.82 Million |
+29.50% |
| 2024-12-31 | RM113.23 Million ≈ $28.43 Million |
+39.35% |
| 2023-12-31 | RM81.26 Million ≈ $20.40 Million |
+46.17% |
| 2022-12-31 | RM55.59 Million ≈ $13.96 Million |
+26.18% |
| 2021-12-31 | RM44.06 Million ≈ $11.06 Million |
+399.40% |
| 2020-12-31 | RM8.82 Million ≈ $2.21 Million |
+571.39% |
| 2019-12-31 | RM1.31 Million ≈ $329.90K |
-46.01% |
| 2018-12-31 | RM2.43 Million ≈ $611.10K |
-18.54% |
| 2017-12-31 | RM2.99 Million ≈ $750.19K |
-- |
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 3271.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM51.68 Million | 34.90% |
| Common Stock | RM97.43 Million | 65.79% |
| Total Equity | RM148.09 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 |
|---|---|
|
Golan Plastic
TA:GLPL
|
$68.00 Million |
|
Ok Biotech Co Ltd
TW:4155
|
$68.03 Million |
|
TECO Image Systems Co Ltd
TWO:5438
|
$68.07 Million |
|
Gray Television Inc
NYSE:GTN-A
|
$68.10 Million |
|
De Poan Pneumatic
TWO:1570
|
$67.99 Million |
|
China Fineblanking Technology Co Ltd
TWO:1586
|
$67.98 Million |
|
24SevenOffice Scandinavia AB
ST:247
|
$67.95 Million |
|
Kula Gold Ltd
AU:KGD
|
$67.94 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 2024 to 2025, total equity changed from 114,654,000 to 148,095,000, a change of 33,441,000 (29.2%).
- Net income of 19,331,000 contributed positively to equity growth.
- Dividend payments of 1,006,000 reduced retained earnings.
- Share repurchases of 17,274,000 reduced equity.
- New share issuances of 17,274,000 increased equity.
- Other factors increased equity by 15,116,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM19.33 Million | +13.05% |
| Dividends Paid | RM1.01 Million | -0.68% |
| Share Repurchases | RM17.27 Million | -11.66% |
| Share Issuances | RM17.27 Million | +11.66% |
| Other Changes | RM15.12 Million | +10.21% |
| Total Change | RM- | 29.17% |
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: 1.77x
- 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 50.01x to 1.77x 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 | RM0.67 | x |
| 2018-12-31 | RM0.01 | RM0.67 | x |
| 2019-12-31 | RM0.01 | RM0.67 | x |
| 2020-12-31 | RM0.04 | RM0.67 | x |
| 2021-12-31 | RM0.20 | RM0.67 | x |
| 2022-12-31 | RM0.23 | RM0.67 | x |
| 2023-12-31 | RM0.27 | RM0.67 | x |
| 2024-12-31 | RM0.32 | RM0.67 | x |
| 2025-12-31 | RM0.38 | RM0.67 | 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): 13.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.90%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.36x
- Recent ROE (13.05%) is below the historical average (54.68%), 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 |
| 2025 | 13.05% | 24.90% | 0.39x | 1.36x | RM4.52 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: $86,291,548
- Average return on equity (ROE) among peers: -7.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ramssol Group Bhd (0236) | RM148.09 Million | 2.95% | 0.36x | $67.99 Million |
| IFCA MSC Bhd (0023) | $121.59 Million | 4.89% | 0.28x | $30.87 Million |
| Nova MSC Bhd (0026) | $67.65 Million | -14.44% | 0.27x | $35.14 Million |
| MMAG Holdings Bhd (0034) | $109.63 Million | -16.44% | 0.28x | $14.57 Million |
| Systech Bhd (0050) | $51.31 Million | 0.86% | 0.24x | $30.17 Million |
| Cuscapi Berhad (0051) | $57.02 Million | 2.42% | 0.19x | $21.35 Million |
| Excel Force MSC Bhd (0065) | $128.13 Million | 6.46% | 0.16x | $24.50 Million |
| N2N Connect Bhd (0108) | $267.55 Million | 8.20% | 0.08x | $42.74 Million |
| Appasia Bhd (0119) | $10.04 Million | -68.22% | 0.17x | $39.81 Million |
| DGB Asia Bhd (0152) | $37.42 Million | 1.34% | 0.06x | $2.90 Million |
| iDimension Consolidated Bhd (0174) | $12.57 Million | 0.30% | 0.52x | $3.95 Million |
About 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