DAYTHREE DIGITAL BERHAD (0281) - Net Assets
Based on the latest financial reports, DAYTHREE DIGITAL BERHAD (0281) has net assets worth RM68.39 Million MYR (≈ $17.17 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM92.96 Million ≈ $23.34 Million USD) and total liabilities (RM24.57 Million ≈ $6.17 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. Read 0281 current and long-term liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM68.39 Million |
| % of Total Assets | 73.57% |
| Annual Growth Rate | 50.68% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 63.89 |
DAYTHREE DIGITAL BERHAD - Net Assets Trend (2020–2023)
This chart illustrates how DAYTHREE DIGITAL BERHAD's net assets have evolved over time, based on quarterly financial data. Also explore DAYTHREE DIGITAL BERHAD total assets for the complete picture of this company's asset base.
Annual Net Assets for DAYTHREE DIGITAL BERHAD (2020–2023)
The table below shows the annual net assets of DAYTHREE DIGITAL BERHAD from 2020 to 2023. For live valuation and market cap data, see DAYTHREE DIGITAL BERHAD market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM65.62 Million ≈ $16.47 Million |
+147.86% |
| 2022-12-31 | RM26.47 Million ≈ $6.65 Million |
-6.21% |
| 2021-12-31 | RM28.23 Million ≈ $7.09 Million |
+47.03% |
| 2020-12-31 | RM19.20 Million ≈ $4.82 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to DAYTHREE DIGITAL 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 grown by 86.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM32.05 Million | 48.84% |
| Other Components | RM33.57 Million | 51.16% |
| Total Equity | RM65.62 Million | 100.00% |
DAYTHREE DIGITAL BERHAD Competitors by Market Cap
The table below lists competitors of DAYTHREE DIGITAL BERHAD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YSX Tech. Co., Ltd Class A Ordinary Shares
NASDAQ:YSXT
|
$20.92 Million |
|
Rapid Synergy Bhd
KLSE:7765
|
$20.93 Million |
|
Eden Inc Bhd
KLSE:7471
|
$20.93 Million |
|
VIP Clothing Limited
NSE:VIPCLOTHNG
|
$20.94 Million |
|
Porn Prom Metal Public Company Limited
BK:PPM
|
$20.91 Million |
|
Reitmans Canada Ltd
V:RET
|
$20.90 Million |
|
Grande Group Limited Class A Ordinary Shares
NASDAQ:GRAN
|
$20.90 Million |
|
Chinese People Holdings Company Limited
F:KEH
|
$20.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DAYTHREE DIGITAL BERHAD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 26,474,157 to 65,619,837, a change of 39,145,680 (147.9%).
- Net income of 7,574,003 contributed positively to equity growth.
- New share issuances of 31,567,204 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM7.57 Million | +11.54% |
| Share Issuances | RM31.57 Million | +48.11% |
| Other Changes | RM4.47K | +0.01% |
| Total Change | RM- | 147.86% |
Book Value vs Market Value Analysis
This analysis compares DAYTHREE DIGITAL 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: 0.91x
- 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 3.13x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | RM0.04 | RM0.13 | x |
| 2021-12-31 | RM0.06 | RM0.13 | x |
| 2022-12-31 | RM0.06 | RM0.13 | x |
| 2023-12-31 | RM0.14 | RM0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DAYTHREE DIGITAL 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): 11.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.43%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.34x
- Recent ROE (11.54%) is below the historical average (24.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 29.43% | 11.84% | 1.59x | 1.56x | RM3.73 Million |
| 2021 | 34.12% | 16.57% | 1.46x | 1.41x | RM6.81 Million |
| 2022 | 23.60% | 9.60% | 1.41x | 1.74x | RM3.60 Million |
| 2023 | 11.54% | 8.43% | 1.02x | 1.34x | RM1.01 Million |
Industry Comparison
This section compares DAYTHREE DIGITAL BERHAD's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $154,301,364
- Average return on equity (ROE) among peers: -8.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DAYTHREE DIGITAL BERHAD (0281) | RM68.39 Million | 29.43% | 0.36x | $20.92 Million |
| NetX Holdings Bhd (0020) | $18.58 Million | -64.13% | 0.28x | $11.77 Million |
| Metronic Global Bhd (0043) | $151.33 Million | -19.43% | 0.23x | $1.92 Million |
| NCT Alliance Bhd (0056) | $802.53 Million | 6.18% | 1.24x | $308.04 Million |
| Vortex Consolidated Bhd (0060) | $312.11 Million | 0.76% | 0.09x | $72.28 Million |
| Lyc Healthcare Bhd (0075) | $27.58 Million | -33.45% | 5.64x | $2.79 Million |
| Aldrich Resources Bhd (0079) | $22.35 Million | -5.12% | 0.36x | $5.18 Million |
| Rexit Bhd (0106) | $36.05 Million | 21.79% | 0.08x | $24.14 Million |
| Privasia Technology Bhd (0123) | $60.75 Million | 1.15% | 0.92x | $13.57 Million |
| Microlink Solutions Bhd (0126) | $56.55 Million | 2.38% | 2.08x | $32.31 Million |
| Diversified Gateway Solutions Bhd (0131) | $55.19 Million | 6.62% | 0.85x | $15.91 Million |
About DAYTHREE DIGITAL BERHAD
Daythree Digital Berhad, an investment holding company, offers customer experience lifecycle management services in Malaysia. The company provides customer experience management, back office and transactional processing, business intelligence, helpdesk and technical support, robotic process automation, customer relationship management, customer retention management, revenue generation, contact ce… Read more