Sinaran Advance Group Bhd (5172) - Net Assets

Latest as of September 2025: RM16.87 Million MYR ≈ $4.24 Million USD

Based on the latest financial reports, Sinaran Advance Group Bhd (5172) has net assets worth RM16.87 Million MYR (≈ $4.24 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM21.42 Million ≈ $5.38 Million USD) and total liabilities (RM4.54 Million ≈ $1.14 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 5172 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM16.87 Million
% of Total Assets	78.79%
Annual Growth Rate	-23.54%
5-Year Change	-36.33%
10-Year Change	-92.46%
Growth Volatility	29.56

Sinaran Advance Group Bhd - Net Assets Trend (2012–2024)

This chart illustrates how Sinaran Advance Group Bhd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Sinaran Advance Group Bhd for the complete picture of this company's asset base.

Annual Net Assets for Sinaran Advance Group Bhd (2012–2024)

The table below shows the annual net assets of Sinaran Advance Group Bhd from 2012 to 2024. For live valuation and market cap data, see Sinaran Advance Group Bhd (5172) market capitalisation.

Year	Net Assets	Change
2024-12-31	RM17.12 Million ≈ $4.30 Million	-50.22%
2023-12-31	RM34.40 Million ≈ $8.64 Million	-16.20%
2022-12-31	RM41.05 Million ≈ $10.31 Million	-1.78%
2021-12-31	RM41.80 Million ≈ $10.49 Million	+55.41%
2020-12-31	RM26.90 Million ≈ $6.75 Million	+3.59%
2019-12-31	RM25.96 Million ≈ $6.52 Million	-11.90%
2018-12-31	RM29.47 Million ≈ $7.40 Million	-42.11%
2017-12-31	RM50.91 Million ≈ $12.78 Million	-30.79%
2016-12-31	RM73.55 Million ≈ $18.47 Million	-67.60%
2015-12-31	RM227.00 Million ≈ $56.99 Million	-25.33%
2014-12-31	RM304.00 Million ≈ $76.32 Million	-12.39%
2013-12-31	RM347.00 Million ≈ $87.12 Million	-19.11%
2012-12-31	RM429.00 Million ≈ $107.71 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sinaran Advance 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 8072428600.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	RM42.74 Million	249.55%
Total Equity	RM17.12 Million	100.00%

Sinaran Advance Group Bhd Competitors by Market Cap

The table below lists competitors of Sinaran Advance Group Bhd ranked by their market capitalization.

Company	Market Cap
The Brand House Collective, Inc. NASDAQ:TBHC	$21.11 Million
APPIA RARE EARTH+U O.N. F:A0I0	$21.12 Million
Brill Shoe Industries Ltd TA:BRIL	$21.12 Million
Kabelindo Murni Tbk JK:KBLM	$21.13 Million
SM Wirtschaftsberatungs AG XETRA:SMWN	$21.09 Million
A.S. Création Tapeten AG F:ACWN	$21.08 Million
Comfort Gloves Bhd KLSE:2127	$21.08 Million
Orcay Ortakoy Cay Sanayi & Ticaret AS IS:ORCAY	$21.07 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sinaran Advance Group Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 34,404,000 to 17,125,000, a change of -17,279,000 (-50.2%).
Net loss of 20,207,000 reduced equity.
Other factors increased equity by 2,928,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	RM-20.21 Million	-118.0%
Other Changes	RM2.93 Million	+17.1%
Total Change	RM-	-50.22%

Book Value vs Market Value Analysis

This analysis compares Sinaran Advance 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: 4.27x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 0.29x to 4.27x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM0.28	RM0.08	x
2017-12-31	RM0.17	RM0.08	x
2018-12-31	RM0.08	RM0.08	x
2019-12-31	RM0.06	RM0.08	x
2020-12-31	RM0.05	RM0.08	x
2021-12-31	RM0.06	RM0.08	x
2022-12-31	RM0.04	RM0.08	x
2023-12-31	RM0.04	RM0.08	x
2024-12-31	RM0.02	RM0.08	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sinaran Advance 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): -118.00%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -138.39%
• Asset Turnover: 0.82x
• Equity Multiplier: 1.05x
Recent ROE (-118.00%) is below the historical average (-55.50%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-94.73%	-36.65%	1.08x	2.40x	RM-77.03 Million
2017	-47.11%	-12.53%	1.31x	2.87x	RM-29.08 Million
2018	-144.32%	-26.53%	1.47x	3.69x	RM-45.48 Million
2019	-26.54%	-5.39%	1.17x	4.20x	RM-9.49 Million
2020	-13.42%	-4.39%	1.05x	2.90x	RM-6.30 Million
2021	-13.52%	-5.54%	0.84x	2.89x	RM-9.83 Million
2022	-20.21%	-14.57%	0.50x	2.77x	RM-12.40 Million
2023	-21.62%	-14.20%	0.54x	2.79x	RM-10.88 Million
2024	-118.00%	-138.39%	0.82x	1.05x	RM-21.92 Million

Industry Comparison

This section compares Sinaran Advance Group Bhd's net assets metrics with peer companies in the Footwear & Accessories industry.

Industry Context

Industry: Footwear & Accessories
Average net assets among peers: $1,267,183,000
Average return on equity (ROE) among peers: 1.31%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sinaran Advance Group Bhd (5172)	RM16.87 Million	-94.73%	0.27x	$21.11 Million
XiDeLang Holdings Ltd (5156)	$1.27 Billion	1.31%	0.11x	$5.31 Million

About Sinaran Advance Group Bhd

KLSE:5172 Malaysia Footwear & Accessories

Market Cap

$21.11 Million

RM84.08 Million MYR

Market Cap Rank

#24874 Global

#680 in Malaysia

Share Price

RM0.08

Change (1 day)

+0.00%

52-Week Range

RM0.02 - RM0.10

All Time High

RM0.92