ELK-Desa Resources Bhd (5228) - Net Assets
Based on the latest financial reports, ELK-Desa Resources Bhd (5228) has net assets worth RM484.97 Million MYR (≈ $121.76 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM890.68 Million ≈ $223.62 Million USD) and total liabilities (RM405.71 Million ≈ $101.86 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 ELK-Desa Resources Bhd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM484.97 Million |
| % of Total Assets | 54.45% |
| Annual Growth Rate | 8.96% |
| 5-Year Change | 8.37% |
| 10-Year Change | 45.16% |
| Growth Volatility | 14.88 |
ELK-Desa Resources Bhd - Net Assets Trend (2013–2026)
This chart illustrates how ELK-Desa Resources Bhd's net assets have evolved over time, based on quarterly financial data. See ELK-Desa Resources Bhd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ELK-Desa Resources Bhd (2013–2026)
The table below shows the annual net assets of ELK-Desa Resources Bhd from 2013 to 2026. For live valuation and market cap data, see ELK-Desa Resources Bhd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | RM484.97 Million ≈ $121.76 Million |
-1.69% |
| 2025-03-31 | RM493.32 Million ≈ $123.86 Million |
+2.05% |
| 2024-03-31 | RM483.42 Million ≈ $121.37 Million |
+2.47% |
| 2023-03-31 | RM471.77 Million ≈ $118.45 Million |
+5.42% |
| 2022-03-31 | RM447.53 Million ≈ $112.36 Million |
+1.29% |
| 2021-03-31 | RM441.83 Million ≈ $110.93 Million |
+3.93% |
| 2020-03-31 | RM425.11 Million ≈ $106.73 Million |
+3.45% |
| 2019-03-31 | RM410.94 Million ≈ $103.17 Million |
+3.67% |
| 2018-03-31 | RM396.40 Million ≈ $99.52 Million |
+18.65% |
| 2017-03-31 | RM334.09 Million ≈ $83.88 Million |
+4.00% |
| 2016-03-31 | RM321.25 Million ≈ $80.65 Million |
+23.56% |
| 2015-03-31 | RM260.00 Million ≈ $65.28 Million |
+55.69% |
| 2014-03-31 | RM167.00 Million ≈ $41.93 Million |
+5.03% |
| 2013-03-31 | RM159.00 Million ≈ $39.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ELK-Desa Resources 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM484.97 Million | 100.00% |
| Total Equity | RM484.97 Million | 100.00% |
ELK-Desa Resources Bhd Competitors by Market Cap
The table below lists competitors of ELK-Desa Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bapcor Ltd
AU:BAP
|
$111.67 Million |
|
Gyldendal ASA
OL:GYL
|
$111.68 Million |
|
Riverview Bancorp Inc
NASDAQ:RVSB
|
$111.87 Million |
|
Klingon Aerospace Inc
TW:1529
|
$111.90 Million |
|
Crosswood
PA:CROS
|
$111.65 Million |
|
Sino-Ocean Group Holding Limited
F:3SD
|
$111.59 Million |
|
ZHEJIANG SHIBAO H YC 1
F:W4K1
|
$111.52 Million |
|
MIC Electronics Limited
NSE:MICEL
|
$111.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ELK-Desa Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 493,322,566 to 484,973,823, a change of -8,348,743 (-1.7%).
- Net income of 31,551,885 contributed positively to equity growth.
- Dividend payments of 20,110,812 reduced retained earnings.
- Share repurchases of 20,290,156 reduced equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM31.55 Million | +6.51% |
| Dividends Paid | RM20.11 Million | -4.15% |
| Share Repurchases | RM20.29 Million | -4.18% |
| Other Changes | RM500.34K | +0.1% |
| Total Change | RM- | -1.69% |
Book Value vs Market Value Analysis
This analysis compares ELK-Desa Resources 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: 0.92x
- 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 1.06x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.96 | RM1.02 | x |
| 2018-03-31 | RM0.93 | RM1.02 | x |
| 2019-03-31 | RM0.93 | RM1.02 | x |
| 2020-03-31 | RM0.95 | RM1.02 | x |
| 2021-03-31 | RM0.99 | RM1.02 | x |
| 2022-03-31 | RM1.00 | RM1.02 | x |
| 2023-03-31 | RM1.04 | RM1.02 | x |
| 2024-03-31 | RM1.06 | RM1.02 | x |
| 2025-03-31 | RM1.09 | RM1.02 | x |
| 2026-03-31 | RM1.11 | RM1.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ELK-Desa Resources 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): 6.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.47%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.84x
- Recent ROE (6.51%) is below the historical average (7.28%), 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 | 5.85% | 29.28% | 0.17x | 1.16x | RM-13.34 Million |
| 2017 | 6.88% | 24.34% | 0.25x | 1.14x | RM-10.41 Million |
| 2018 | 6.54% | 24.90% | 0.22x | 1.19x | RM-13.72 Million |
| 2019 | 8.01% | 26.68% | 0.23x | 1.33x | RM-8.18 Million |
| 2020 | 8.21% | 23.58% | 0.20x | 1.77x | RM-7.62 Million |
| 2021 | 7.99% | 24.55% | 0.22x | 1.50x | RM-8.90 Million |
| 2022 | 5.76% | 20.00% | 0.22x | 1.30x | RM-18.98 Million |
| 2023 | 10.12% | 30.75% | 0.22x | 1.47x | RM558.20K |
| 2024 | 7.58% | 21.85% | 0.21x | 1.67x | RM-11.68 Million |
| 2025 | 6.62% | 16.60% | 0.22x | 1.81x | RM-16.69 Million |
| 2026 | 6.51% | 15.47% | 0.23x | 1.84x | RM-16.95 Million |
Industry Comparison
This section compares ELK-Desa Resources Bhd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $867,752,734
- Average return on equity (ROE) among peers: 11.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ELK-Desa Resources Bhd (5228) | RM484.97 Million | 5.85% | 0.84x | $111.66 Million |
| Pappajack Bhd (0242) | $173.46 Million | 5.82% | 0.27x | $177.33 Million |
| Evergreen Max Cash Capital Berhad (0286) | $76.41 Million | 8.28% | 0.76x | $91.43 Million |
| Aeon Credit Service Bhd (5139) | $2.64 Billion | 15.70% | 3.78x | $756.37 Million |
| RCE Capital Berhad (9296) | $583.52 Million | 16.37% | 2.82x | $398.06 Million |
About ELK-Desa Resources Bhd
ELK-Desa Resources Berhad, an investment holding company, provides hire-purchase financing and other integrated services for used motor vehicles in Malaysia. It operates in two segments, Hire-Purchase Financing and Furniture. The company is involved in the sale of general insurance policies as an insurance agent; and manufacture, trading, and wholesale of home furniture products. ELK-Desa Resourc… Read more