Kossan Rubber Industries Bhd (7153) - Net Assets
Based on the latest financial reports, Kossan Rubber Industries Bhd (7153) has net assets worth RM3.73 Billion MYR (≈ $937.15 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 (RM4.09 Billion ≈ $1.03 Billion USD) and total liabilities (RM352.84 Million ≈ $88.59 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 7153 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM3.73 Billion |
| % of Total Assets | 91.36% |
| Annual Growth Rate | 17.36% |
| 5-Year Change | 52.31% |
| 10-Year Change | 276.43% |
| Growth Volatility | 19.09 |
Kossan Rubber Industries Bhd - Net Assets Trend (2006–2024)
This chart illustrates how Kossan Rubber Industries Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Kossan Rubber Industries Bhd (7153) total assets for the complete picture of this company's asset base.
Annual Net Assets for Kossan Rubber Industries Bhd (2006–2024)
The table below shows the annual net assets of Kossan Rubber Industries Bhd from 2006 to 2024. For live valuation and market cap data, see Kossan Rubber Industries Bhd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM3.68 Billion ≈ $922.83 Million |
-4.85% |
| 2023-12-31 | RM3.86 Billion ≈ $969.87 Million |
-0.90% |
| 2022-12-31 | RM3.90 Billion ≈ $978.64 Million |
-4.00% |
| 2021-12-31 | RM4.06 Billion ≈ $1.02 Billion |
+68.25% |
| 2020-12-31 | RM2.41 Billion ≈ $605.88 Million |
+66.31% |
| 2019-12-31 | RM1.45 Billion ≈ $364.30 Million |
+8.09% |
| 2018-12-31 | RM1.34 Billion ≈ $337.03 Million |
+13.93% |
| 2017-12-31 | RM1.18 Billion ≈ $295.82 Million |
+9.69% |
| 2016-12-31 | RM1.07 Billion ≈ $269.70 Million |
+10.01% |
| 2015-12-31 | RM976.45 Million ≈ $245.15 Million |
+17.93% |
| 2014-12-31 | RM828.01 Million ≈ $207.89 Million |
+14.68% |
| 2013-12-31 | RM722.01 Million ≈ $181.27 Million |
+16.95% |
| 2012-12-31 | RM617.39 Million ≈ $155.01 Million |
+21.93% |
| 2011-12-31 | RM506.33 Million ≈ $127.12 Million |
+13.88% |
| 2010-12-31 | RM444.61 Million ≈ $111.63 Million |
+23.85% |
| 2009-12-31 | RM359.00 Million ≈ $90.13 Million |
+19.72% |
| 2008-12-31 | RM299.86 Million ≈ $75.28 Million |
+19.09% |
| 2007-12-31 | RM251.80 Million ≈ $63.22 Million |
+22.29% |
| 2006-12-31 | RM205.91 Million ≈ $51.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kossan Rubber Industries 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 2585.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM3.33 Billion | 91.30% |
| Common Stock | RM323.88 Million | 8.88% |
| Total Equity | RM3.65 Billion | 100.00% |
Kossan Rubber Industries Bhd Competitors by Market Cap
The table below lists competitors of Kossan Rubber Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhuhai Port Co Ltd
SHE:000507
|
$698.50 Million |
|
Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd
SHE:002479
|
$698.70 Million |
|
Shenzhen Refond Optoelectronics Co Ltd
SHE:300241
|
$698.85 Million |
|
CeriBell, Inc
NASDAQ:CBLL
|
$699.00 Million |
|
Shenzhen Sea Star Technology
SHE:002137
|
$698.03 Million |
|
Gansu Golden Glass Technologies Co Ltd
SHE:300093
|
$697.90 Million |
|
India Glycols Limited
NSE:INDIAGLYCO
|
$697.83 Million |
|
Fineos Corporation Holdings Plc
AU:FCL
|
$697.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kossan Rubber Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,835,979,000 to 3,646,196,000, a change of -189,783,000 (-4.9%).
- Net income of 120,034,000 contributed positively to equity growth.
- Dividend payments of 306,194,000 reduced retained earnings.
- Other comprehensive income decreased equity by 19,235,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM120.03 Million | +3.29% |
| Dividends Paid | RM306.19 Million | -8.4% |
| Other Comprehensive Income | RM-19.23 Million | -0.53% |
| Other Changes | RM15.61 Million | +0.43% |
| Total Change | RM- | -4.95% |
Book Value vs Market Value Analysis
This analysis compares Kossan Rubber Industries 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: 0.77x
- 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 13.69x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.08 | RM1.10 | x |
| 2007-12-31 | RM0.10 | RM1.10 | x |
| 2008-12-31 | RM0.12 | RM1.10 | x |
| 2009-12-31 | RM0.14 | RM1.10 | x |
| 2010-12-31 | RM0.17 | RM1.10 | x |
| 2011-12-31 | RM0.19 | RM1.10 | x |
| 2012-12-31 | RM0.24 | RM1.10 | x |
| 2013-12-31 | RM0.28 | RM1.10 | x |
| 2014-12-31 | RM0.32 | RM1.10 | x |
| 2015-12-31 | RM0.37 | RM1.10 | x |
| 2016-12-31 | RM0.41 | RM1.10 | x |
| 2017-12-31 | RM0.45 | RM1.10 | x |
| 2018-12-31 | RM0.51 | RM1.10 | x |
| 2019-12-31 | RM0.56 | RM1.10 | x |
| 2020-12-31 | RM0.93 | RM1.10 | x |
| 2021-12-31 | RM1.58 | RM1.10 | x |
| 2022-12-31 | RM1.52 | RM1.10 | x |
| 2023-12-31 | RM1.50 | RM1.10 | x |
| 2024-12-31 | RM1.43 | RM1.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kossan Rubber Industries 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): 3.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.29%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.12x
- Recent ROE (3.29%) is below the historical average (20.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 22.46% | 8.08% | 1.31x | 2.12x | RM25.61 Million |
| 2007 | 21.91% | 7.84% | 1.31x | 2.14x | RM29.95 Million |
| 2008 | 19.62% | 6.54% | 1.37x | 2.19x | RM28.75 Million |
| 2009 | 18.66% | 7.92% | 1.22x | 1.93x | RM30.94 Million |
| 2010 | 25.62% | 10.83% | 1.35x | 1.76x | RM69.12 Million |
| 2011 | 18.05% | 8.23% | 1.34x | 1.64x | RM40.00 Million |
| 2012 | 16.90% | 8.28% | 1.25x | 1.64x | RM41.70 Million |
| 2013 | 19.35% | 10.44% | 1.18x | 1.57x | RM65.93 Million |
| 2014 | 18.04% | 11.18% | 1.01x | 1.60x | RM64.89 Million |
| 2015 | 21.30% | 12.35% | 1.11x | 1.55x | RM107.44 Million |
| 2016 | 15.98% | 10.02% | 1.07x | 1.48x | RM62.54 Million |
| 2017 | 15.76% | 9.30% | 1.05x | 1.61x | RM66.56 Million |
| 2018 | 15.19% | 9.33% | 1.00x | 1.63x | RM68.29 Million |
| 2019 | 15.77% | 10.13% | 0.93x | 1.67x | RM82.22 Million |
| 2020 | 45.57% | 29.87% | 1.00x | 1.52x | RM848.19 Million |
| 2021 | 70.77% | 43.03% | 1.31x | 1.26x | RM2.45 Billion |
| 2022 | 4.05% | 6.70% | 0.54x | 1.12x | RM-230.47 Million |
| 2023 | 0.35% | 0.84% | 0.38x | 1.10x | RM-370.26 Million |
| 2024 | 3.29% | 6.29% | 0.47x | 1.12x | RM-244.59 Million |
Industry Comparison
This section compares Kossan Rubber Industries Bhd's net assets metrics with peer companies in the Medical Instruments & Supplies industry.
Industry Context
- Industry: Medical Instruments & Supplies
- Average net assets among peers: $603,054,814
- Average return on equity (ROE) among peers: -6.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kossan Rubber Industries Bhd (7153) | RM3.73 Billion | 22.46% | 0.09x | $698.28 Million |
| Inix Technologies Holdings Bhd (0094) | $37.62 Million | -22.76% | -0.20x | $3.94 Million |
| Focus Point Holdings Bhd (0157) | $57.28 Million | 12.39% | 1.24x | $78.78 Million |
| Careplus Group Bhd (0163) | $53.19 Million | 5.59% | 1.29x | $13.52 Million |
| LKL International Bhd (0182) | $35.08 Million | 9.32% | 0.49x | $4.38 Million |
| GETS Global Bhd (5079) | $90.20 Million | -19.79% | 1.51x | $19.75 Million |
| Supermax Corporation Bhd (7106) | $4.69 Billion | -3.00% | 0.12x | $241.79 Million |
| Top Glove Corporation Bhd (7113) | $203.69 Million | 26.26% | 1.49x | $1.46 Billion |
| Adventa Bhd (7191) | $81.00 Million | 3.70% | 0.65x | $10.36 Million |
| Iconic Worldwide Bhd (9113) | $177.85 Million | -65.85% | 0.71x | $27.53 Million |
About Kossan Rubber Industries Bhd
Kossan Rubber Industries Bhd, an investment holding company, manufactures and sells latex disposable gloves in Malaysia and internationally. It operates through Technical Rubber Products, Gloves, Cleanroom Products, and Others segments. The company offers engineered rubber products, including marine dock fenders, high damping rubber bearings, elastomeric bearings, expansion joints, panels and lin… Read more