Jasa Kita Bhd (8648) - Net Assets
Based on the latest financial reports, Jasa Kita Bhd (8648) has net assets worth RM61.89 Million MYR (≈ $15.54 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM62.55 Million ≈ $15.70 Million USD) and total liabilities (RM664.00K ≈ $166.71K 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 Jasa Kita Bhd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM61.89 Million |
| % of Total Assets | 98.94% |
| Annual Growth Rate | -0.35% |
| 5-Year Change | 30.58% |
| 10-Year Change | -7.82% |
| Growth Volatility | 10.03 |
Jasa Kita Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Jasa Kita Bhd's net assets have evolved over time, based on quarterly financial data. See 8648 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jasa Kita Bhd (2013–2025)
The table below shows the annual net assets of Jasa Kita Bhd from 2013 to 2025. For live valuation and market cap data, see 8648 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 15.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM39.41 Million | 46.71% |
| Common Stock | RM44.95 Million | 53.29% |
| Total Equity | RM84.36 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 |
|---|---|
|
DNXcorp
PA:ALDNX
|
$24.84 Million |
|
Hannet Co. Ltd
KQ:052600
|
$24.84 Million |
|
VIP Clothing Limited
NSE:VIPCLOTHNG
|
$24.85 Million |
|
Zeo Energy Corp.
NASDAQ:ZEO
|
$24.86 Million |
|
Janfusun Fancyworld
TWO:5701
|
$24.82 Million |
|
Almaden Minerals Ltd
TO:AMM
|
$24.82 Million |
|
BORUTA-ZACHEM S.A. ZY-10
F:WO4
|
$24.82 Million |
|
Roblon A/S
CO:RBLN-B
|
$24.81 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 2024 to 2025, total equity changed from 65,242,724 to 84,362,570, a change of 19,119,846 (29.3%).
- Net income of 39,349,590 contributed positively to equity growth.
- Dividend payments of 20,229,750 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM39.35 Million | +46.64% |
| Dividends Paid | RM20.23 Million | -23.98% |
| Other Changes | RM6.00 | +0.0% |
| Total Change | RM- | 29.31% |
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: 1.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.19 | RM0.22 | x |
| 2018-03-31 | RM0.18 | RM0.22 | x |
| 2019-03-31 | RM0.15 | RM0.22 | x |
| 2020-03-31 | RM0.15 | RM0.22 | x |
| 2021-03-31 | RM0.14 | RM0.22 | x |
| 2022-03-31 | RM0.14 | RM0.22 | x |
| 2023-03-31 | RM0.14 | RM0.22 | x |
| 2024-03-31 | RM0.15 | RM0.22 | x |
| 2025-03-31 | RM0.19 | RM0.22 | 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): 46.64%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 177.00%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.02x
- Recent ROE (46.64%) is above the historical average (1.72%), 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 |
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: $219,949,863
- Average return on equity (ROE) among peers: 3.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jasa Kita Bhd (8648) | RM61.89 Million | -0.77% | 0.01x | $24.83 Million |
| MQ Technology Bhd (0070) | $43.83 Million | -3.09% | 0.16x | $2.72 Million |
| Techfast Holdings Bhd (0084) | $22.99 Million | 13.89% | 0.25x | $3.41 Million |
| Sanichi Technology Bhd (0133) | $259.22 Million | -6.15% | 0.10x | $2.89 Million |
| Chin Well Holdings Bhd (5007) | $448.00 Million | 9.15% | 0.27x | $55.21 Million |
| Tong Herr Resources Bhd (5010) | $589.36 Million | 0.98% | 0.11x | $61.28 Million |
| HPMT Holdings Bhd (5291) | $141.36 Million | 4.67% | 0.26x | $14.02 Million |
| MyTech Group Bhd (7692) | $34.89 Million | 5.72% | 0.11x | $15.76 Million |
About Jasa Kita Bhd
Jasa Kita Berhad, an investment holding company, engages in the manufacturing, assembling, and trading of power tools, electric induction motors, hand tools, and other industrial equipment in Malaysia. It operates through the Distribution and Trading, Investment Holding, and Others segments. The company is involved in the sale and distribution of engineering equipment; and property investment act… Read more