BTM Resources Bhd (7188) - Net Assets

Latest as of September 2025: RM54.07 Million MYR ≈ $13.57 Million USD

Based on the latest financial reports, BTM Resources Bhd (7188) has net assets worth RM54.07 Million MYR (≈ $13.57 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 (RM64.78 Million ≈ $16.27 Million USD) and total liabilities (RM10.71 Million ≈ $2.69 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 asset resilience ratio of BTM Resources Bhd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM54.07 Million
% of Total Assets	83.46%
Annual Growth Rate	11.12%
5-Year Change	149.07%
10-Year Change	120.51%
Growth Volatility	154.31

BTM Resources Bhd - Net Assets Trend (2011–2024)

This chart illustrates how BTM Resources Bhd's net assets have evolved over time, based on quarterly financial data. Also explore BTM Resources Bhd assets under control for the complete picture of this company's asset base.

Annual Net Assets for BTM Resources Bhd (2011–2024)

The table below shows the annual net assets of BTM Resources Bhd from 2011 to 2024. For live valuation and market cap data, see 7188 company net worth.

Year	Net Assets	Change
2024-12-31	RM55.13 Million ≈ $13.84 Million	-25.11%
2023-12-31	RM73.62 Million ≈ $18.48 Million	+568.26%
2022-12-31	RM11.02 Million ≈ $2.77 Million	-41.22%
2021-12-31	RM18.74 Million ≈ $4.71 Million	-15.32%
2020-12-31	RM22.13 Million ≈ $5.56 Million	-2.00%
2019-12-31	RM22.59 Million ≈ $5.67 Million	-20.82%
2018-12-31	RM28.52 Million ≈ $7.16 Million	-1.19%
2017-12-31	RM28.87 Million ≈ $7.25 Million	+9.34%
2016-12-31	RM26.40 Million ≈ $6.63 Million	+5.61%
2015-12-31	RM25.00 Million ≈ $6.28 Million	-10.71%
2014-12-31	RM28.00 Million ≈ $7.03 Million	+47.37%
2013-12-31	RM19.00 Million ≈ $4.77 Million	+72.73%
2012-12-31	RM11.00 Million ≈ $2.76 Million	-21.43%
2011-12-31	RM14.00 Million ≈ $3.51 Million	--

Equity Component Analysis

This analysis shows how different components contribute to BTM 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 4280984000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	RM97.90 Million	177.58%
Other Components	RM15.50 Million	28.12%
Total Equity	RM55.13 Million	100.00%

BTM Resources Bhd Competitors by Market Cap

The table below lists competitors of BTM Resources Bhd ranked by their market capitalization.

Company	Market Cap
Orex Minerals Inc V:REX	$12.63 Million
Nusantara Voucher Distribution Tbk PT JK:DIVA	$12.63 Million
Lodestar Minerals Ltd AU:LSR	$12.64 Million
Rajshree Polypack Limited NSE:RPPL	$12.65 Million
Bodhi Tree Multimedia Limited NSE:BTML	$12.61 Million
Fitzroy River Corporation Ltd AU:FZR	$12.60 Million
Big Pharma Split Corp Class A TO:PRM	$12.60 Million
Cannabist Company Holdings Inc NEO:CBST	$12.59 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 73,615,200 to 55,128,470, a change of -18,486,730 (-25.1%).
Net loss of 17,232,710 reduced equity.
Other factors decreased equity by 1,254,020.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	RM-17.23 Million	-31.26%
Other Changes	RM-1.25 Million	-2.27%
Total Change	RM-	-25.11%

Book Value vs Market Value Analysis

This analysis compares BTM 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: 0.91x
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 increased from 0.24x to 0.91x 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	RM0.17	RM0.04	x
2017-12-31	RM0.18	RM0.04	x
2018-12-31	RM0.16	RM0.04	x
2019-12-31	RM0.13	RM0.04	x
2020-12-31	RM0.13	RM0.04	x
2021-12-31	RM0.10	RM0.04	x
2022-12-31	RM0.06	RM0.04	x
2023-12-31	RM0.06	RM0.04	x
2024-12-31	RM0.04	RM0.04	x

Capital Efficiency Dashboard

This dashboard shows how efficiently BTM 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): -31.26%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -189.27%
• Asset Turnover: 0.14x
• Equity Multiplier: 1.22x
Recent ROE (-31.26%) is below the historical average (-24.30%), 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	1.54%	2.54%	0.40x	1.51x	RM-2.23 Million
2017	-2.84%	-6.43%	0.31x	1.42x	RM-3.71 Million
2018	-9.11%	-16.72%	0.38x	1.43x	RM-5.45 Million
2019	-28.55%	-68.50%	0.24x	1.72x	RM-8.71 Million
2020	-18.97%	-50.18%	0.22x	1.74x	RM-6.41 Million
2021	-32.29%	-75.61%	0.21x	2.08x	RM-7.93 Million
2022	-70.13%	-93.64%	0.18x	4.13x	RM-8.83 Million
2023	-27.10%	-277.68%	0.07x	1.33x	RM-27.31 Million
2024	-31.26%	-189.27%	0.14x	1.22x	RM-22.75 Million

Industry Comparison

This section compares BTM Resources Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.

Industry Context

Industry: Lumber & Wood Production
Average net assets among peers: $242,994,060
Average return on equity (ROE) among peers: 2.15%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
BTM Resources Bhd (7188)	RM54.07 Million	1.54%	0.20x	$12.62 Million
Kanger International Bhd (0170)	$260.06 Million	-19.64%	0.60x	$6.98 Million
Mieco Chipboard Bhd (5001)	$335.00 Million	-1.34%	0.93x	$166.96 Million
NWP Holdings Bhd (5025)	$40.54 Million	-7.14%	0.38x	$22.38 Million
Annum Bhd (5082)	$51.12 Million	7.74%	0.31x	$285.59K
HeveaBoard Bhd (5095)	$425.80 Million	2.19%	0.19x	$19.18 Million
Focus Lumber Bhd (5197)	$123.00 Million	12.20%	0.15x	$11.52 Million
Minho M Bhd (5576)	$360.40 Million	3.35%	0.32x	$23.29 Million
Golden Pharos Bhd (5649)	$87.00 Million	17.24%	0.48x	$7.78 Million
Subur Tiasa Holdings Bhd (6904)	$706.00 Million	5.52%	0.75x	$33.83 Million
Woodlandor Holdings Bhd (7025)	$41.02 Million	1.34%	0.38x	$6.03 Million

About BTM Resources Bhd

KLSE:7188 Malaysia Lumber & Wood Production

Market Cap

$12.62 Million

RM50.26 Million MYR

Market Cap Rank

#26277 Global

#803 in Malaysia

Share Price

RM0.04

Change (1 day)

+33.33%

52-Week Range

RM0.03 - RM0.04

All Time High

RM0.33