RichTech Digital Berhad
RichTech Digital Berhad provides electronic reloads and bill payment services in Malaysia. The company offers electronic reload services, including mobile airtime and data services, prepaid digital TV services, games credits, application credits, and e-Wallet credits. It also provides bill payment services, such as postpaid mobile network services, postpaid digital TV, internet, quit rent and ass… Read more
RichTech Digital Berhad (0342) - Net Assets
Latest net assets as of September 2025: RM31.49 Million MYR
Based on the latest financial reports, RichTech Digital Berhad (0342) has net assets worth RM31.49 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 (RM34.72 Million) and total liabilities (RM3.23 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 | RM31.49 Million |
| % of Total Assets | 90.69% |
| Annual Growth Rate | 43.72% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.31 |
RichTech Digital Berhad - Net Assets Trend (2021–2023)
This chart illustrates how RichTech Digital Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RichTech Digital Berhad (2021–2023)
The table below shows the annual net assets of RichTech Digital Berhad from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM13.58 Million | +41.39% |
| 2022-12-31 | RM9.61 Million | +46.01% |
| 2021-12-31 | RM6.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RichTech 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 121.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM12.77 Million | 94.02% |
| Other Components | RM812.00K | 5.98% |
| Total Equity | RM13.58 Million | 100.00% |
RichTech Digital Berhad Competitors by Market Cap
The table below lists competitors of RichTech Digital Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rumble Resources Limited
PINK:RTRFF
|
$2.93 Million |
|
NORWEGIAN BLOCK EXC.NK08
F:9Q3
|
$2.93 Million |
|
Polar Power Inc
NASDAQ:POLA
|
$2.93 Million |
|
BeijingWest Industries International Limited
PINK:NFGRF
|
$2.93 Million |
|
ONAR Holding Corporation
OTCQB:ONAR
|
$2.92 Million |
|
Hisar Metal Industries Limited
NSE:HISARMETAL
|
$2.92 Million |
|
AUPLATA MIN. GRP EO-0005
F:A7PA
|
$2.92 Million |
|
Cho Bi
KO:001550
|
$2.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RichTech Digital Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 9,606,246 to 13,582,377, a change of 3,976,131 (41.4%).
- Net income of 5,374,131 contributed positively to equity growth.
- Dividend payments of 1,400,000 reduced retained earnings.
- New share issuances of 2,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM5.37 Million | +39.57% |
| Dividends Paid | RM1.40 Million | -10.31% |
| Share Issuances | RM2.00K | +0.01% |
| Total Change | RM- | 41.39% |
Book Value vs Market Value Analysis
This analysis compares RichTech 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: 2.46x
- 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 5.08x to 2.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | RM0.03 | RM0.17 | x |
| 2022-12-31 | RM0.05 | RM0.17 | x |
| 2023-12-31 | RM0.07 | RM0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RichTech 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): 39.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 68.93%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.26x
- Recent ROE (39.57%) is below the historical average (43.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 46.42% | 63.88% | 0.45x | 1.61x | RM2.40 Million |
| 2022 | 44.00% | 68.32% | 0.46x | 1.40x | RM3.27 Million |
| 2023 | 39.57% | 68.93% | 0.46x | 1.26x | RM4.02 Million |
Industry Comparison
This section compares RichTech Digital Berhad's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $71,742,691
- Average return on equity (ROE) among peers: 11.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RichTech Digital Berhad (0342) | RM31.49 Million | 46.42% | 0.10x | $2.93 Million |
| OpenSys M Bhd (0040) | $57.41 Million | 17.70% | 0.85x | $16.66 Million |
| Managepay Systems Bhd (0156) | $85.41 Million | 1.39% | 0.07x | $6.16 Million |
| Revenue Group Bhd (0200) | $159.28 Million | 7.81% | 0.63x | $5.81 Million |
| Securemetric Berhad (0203) | $38.70 Million | -12.54% | 0.26x | $6.14 Million |
| Infoline Tec Holdings Bhd (0253) | $17.91 Million | 43.53% | 0.66x | $7.55 Million |