Jasa Kita Bhd (8648) - Net Assets

Latest as of June 2026: RM61.73 Million MYR ≈ $15.50 Million USD

Based on the latest financial reports, Jasa Kita Bhd (8648) has net assets worth RM61.73 Million MYR (≈ $15.50 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM63.34 Million ≈ $15.90 Million USD) and total liabilities (RM1.61 Million ≈ $404.97K 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 8648 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM61.73 Million
% of Total Assets	97.45%
Annual Growth Rate	-2.77%
5-Year Change	-5.48%
10-Year Change	-28.52%
Growth Volatility	12.14

Jasa Kita Bhd - Net Assets Trend (2013–2026)

This chart illustrates how Jasa Kita Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Jasa Kita Bhd market cap and net worth.

Annual Net Assets for Jasa Kita Bhd (2013–2026)

The table below shows the annual net assets of Jasa Kita Bhd from 2013 to 2026. Also explore 8648 net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	RM61.08 Million ≈ $15.34 Million	-27.60%
2025-03-31	RM84.36 Million ≈ $21.18 Million	+29.31%
2024-03-31	RM65.24 Million ≈ $16.38 Million	+0.96%
2023-03-31	RM64.62 Million ≈ $16.23 Million	+0.00%
2022-03-31	RM64.62 Million ≈ $16.23 Million	+0.03%
2021-03-31	RM64.60 Million ≈ $16.22 Million	-0.94%
2020-03-31	RM65.22 Million ≈ $16.37 Million	-5.63%
2019-03-31	RM69.11 Million ≈ $17.35 Million	-15.14%
2018-03-31	RM81.43 Million ≈ $20.44 Million	-4.71%
2017-03-31	RM85.45 Million ≈ $21.45 Million	-6.63%
2016-03-31	RM91.52 Million ≈ $22.98 Million	-1.59%
2015-03-31	RM93.00 Million ≈ $23.35 Million	+3.33%
2014-03-31	RM90.00 Million ≈ $22.60 Million	+2.27%
2013-03-31	RM88.00 Million ≈ $22.09 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jasa Kita 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 65.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	RM16.13 Million	26.40%
Other Components	RM44.95 Million	73.60%
Total Equity	RM61.08 Million	100.00%

Jasa Kita Bhd Competitors by Market Cap

The table below lists competitors of Jasa Kita Bhd ranked by their market capitalization.

Company	Market Cap
Radiant Innovation TWO:3373	$23.70 Million
Mestron Holdings KLSE:0207	$23.70 Million
Cogra 48 Société Anonyme PA:ALCOG	$23.71 Million
Altech Chemicals Ltd F:A3Y	$23.71 Million
Turk Ilac ve Serum Sanayi AS IS:TRILC	$23.69 Million
BELLINI NAUTICA S.P.A. F:F2F	$23.68 Million
Maat Pharma SA PA:MAAT	$23.68 Million
Synel M.L.L Payway Ltd TA:SNEL	$23.67 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2025 to 2026, total equity changed from 84,362,570 to 61,081,233, a change of -23,281,337 (-27.6%).
Net income of 30,664,668 contributed positively to equity growth.
Dividend payments of 53,946,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM30.66 Million	+50.2%
Dividends Paid	RM53.95 Million	-88.32%
Other Changes	RM-5.00	-0.0%
Total Change	RM-	-27.60%

Book Value vs Market Value Analysis

This analysis compares Jasa Kita 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: 1.55x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 1.10x to 1.55x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-03-31	RM0.19	RM0.21	x
2018-03-31	RM0.18	RM0.21	x
2019-03-31	RM0.15	RM0.21	x
2020-03-31	RM0.15	RM0.21	x
2021-03-31	RM0.14	RM0.21	x
2022-03-31	RM0.14	RM0.21	x
2023-03-31	RM0.14	RM0.21	x
2024-03-31	RM0.15	RM0.21	x
2025-03-31	RM0.19	RM0.21	x
2026-03-31	RM0.14	RM0.21	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jasa Kita 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): 50.20%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 151.63%
• Asset Turnover: 0.32x
• Equity Multiplier: 1.03x
Recent ROE (50.20%) is above the historical average (6.13%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-0.77%	-1.62%	0.46x	1.04x	RM-9.86 Million
2017	-0.26%	-0.60%	0.39x	1.09x	RM-8.77 Million
2018	-4.94%	-15.36%	0.31x	1.05x	RM-12.17 Million
2019	-17.57%	-35.12%	0.48x	1.04x	RM-19.06 Million
2020	-5.96%	-12.26%	0.47x	1.04x	RM-10.41 Million
2021	-0.95%	-3.05%	0.30x	1.03x	RM-7.07 Million
2022	0.03%	0.10%	0.31x	1.04x	RM-6.44 Million
2023	0.00%	0.00%	0.34x	1.02x	RM-6.46 Million
2024	0.95%	3.30%	0.27x	1.07x	RM-5.91 Million
2025	46.64%	177.00%	0.26x	1.02x	RM30.91 Million
2026	50.20%	151.63%	0.32x	1.03x	RM24.56 Million

Industry Comparison

This section compares Jasa Kita Bhd's net assets metrics with peer companies in the Tools & Accessories industry.

Industry Context

Industry: Tools & Accessories
Average net assets among peers: $169,555,187
Average return on equity (ROE) among peers: 1.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jasa Kita Bhd (8648)	RM61.73 Million	-0.77%	0.03x	$23.70 Million
MQ Technology Bhd (0070)	$63.66 Million	-23.66%	0.05x	$3.26 Million
Techfast Holdings Bhd (0084)	$37.36 Million	5.56%	0.15x	$3.79 Million
Sanichi Technology Bhd (0133)	$139.40 Million	2.71%	0.10x	$3.71 Million
Chin Well Holdings Bhd (5007)	$388.00 Million	12.37%	0.51x	$54.49 Million
Tong Herr Resources Bhd (5010)	$406.00 Million	4.43%	0.40x	$94.05 Million
HPMT Holdings Bhd (5291)	$123.47 Million	6.74%	0.35x	$15.67 Million
MyTech Group Bhd (7692)	$29.00 Million	3.45%	0.24x	$16.38 Million

About Jasa Kita Bhd

KLSE:8648 Malaysia Tools & Accessories

Market Cap

$23.70 Million

RM94.41 Million MYR

Market Cap Rank

#24661 Global

#649 in Malaysia

Share Price

RM0.21

Change (1 day)

-2.33%

52-Week Range

RM0.18 - RM0.43

All Time High

RM0.43