RCE Capital Berhad (9296) - Net Assets

Latest as of June 2026: RM847.83 Million MYR ≈ $212.86 Million USD

Based on the latest financial reports, RCE Capital Berhad (9296) has net assets worth RM847.83 Million MYR (≈ $212.86 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 (RM2.99 Billion ≈ $749.71 Million USD) and total liabilities (RM2.14 Billion ≈ $536.85 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 RCE Capital Berhad strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM847.83 Million
% of Total Assets	28.39%
Annual Growth Rate	1.64%
5-Year Change	-0.16%
10-Year Change	97.27%
Growth Volatility	11.74

RCE Capital Berhad - Net Assets Trend (2013–2026)

This chart illustrates how RCE Capital Berhad's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 9296 market cap.

Annual Net Assets for RCE Capital Berhad (2013–2026)

The table below shows the annual net assets of RCE Capital Berhad from 2013 to 2026. Also explore RCE Capital Berhad (9296) net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	RM870.65 Million ≈ $218.59 Million	+3.71%
2025-03-31	RM839.51 Million ≈ $210.77 Million	+1.17%
2024-03-31	RM829.77 Million ≈ $208.33 Million	+2.99%
2023-03-31	RM805.66 Million ≈ $202.27 Million	-7.62%
2022-03-31	RM872.07 Million ≈ $218.95 Million	+12.67%
2021-03-31	RM774.03 Million ≈ $194.33 Million	+14.95%
2020-03-31	RM673.36 Million ≈ $169.06 Million	+15.40%
2019-03-31	RM583.52 Million ≈ $146.50 Million	+12.37%
2018-03-31	RM519.27 Million ≈ $130.37 Million	+17.65%
2017-03-31	RM441.36 Million ≈ $110.81 Million	-3.32%
2016-03-31	RM456.54 Million ≈ $114.62 Million	-19.34%
2015-03-31	RM566.00 Million ≈ $142.10 Million	-17.37%
2014-03-31	RM685.00 Million ≈ $171.98 Million	-2.84%
2013-03-31	RM705.00 Million ≈ $177.00 Million	--

Equity Component Analysis

This analysis shows how different components contribute to RCE Capital Berhad'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 144.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	RM664.80 Million	76.36%
Common Stock	RM204.88 Million	23.53%
Other Comprehensive Income	RM5.92 Million	0.68%
Total Equity	RM870.65 Million	100.00%

RCE Capital Berhad Competitors by Market Cap

The table below lists competitors of RCE Capital Berhad ranked by their market capitalization.

Company	Market Cap
Irani Papel e Embalagem S.A SA:RANI3	$361.24 Million
QC Solar (Suzhou) Co. Ltd. A SHE:301278	$361.26 Million
Cion Investment Corp NYSE:CION	$361.47 Million
Chemclin Diagnostics Co. Ltd. A SHG:688468	$361.56 Million
Viking Line Abp HE:VIK1V	$361.15 Million
Mobia Medical, Inc. Common Stock NASDAQ:MOBI	$361.08 Million
Southern States Bancshares Inc NASDAQ:SSBK	$361.07 Million
Immobiliere Dassault SA PA:IMDA	$361.03 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in RCE Capital Berhad's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 839,514,000 to 870,654,000, a change of 31,140,000 (3.7%).
Net income of 126,569,000 contributed positively to equity growth.
Dividend payments of 95,422,000 reduced retained earnings.
Other comprehensive income increased equity by 1,227,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM126.57 Million	+14.54%
Dividends Paid	RM95.42 Million	-10.96%
Other Comprehensive Income	RM1.23 Million	+0.14%
Other Changes	RM2.72 Million	+0.31%
Total Change	RM-	3.71%

Book Value vs Market Value Analysis

This analysis compares RCE Capital Berhad'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: 1.66x
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 1.50x to 1.66x 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	RM0.66	RM0.98	x
2018-03-31	RM0.76	RM0.98	x
2019-03-31	RM0.85	RM0.98	x
2020-03-31	RM0.96	RM0.98	x
2021-03-31	RM1.07	RM0.98	x
2022-03-31	RM1.19	RM0.98	x
2023-03-31	RM1.09	RM0.98	x
2024-03-31	RM1.13	RM0.98	x
2025-03-31	RM0.57	RM0.98	x
2026-03-31	RM0.59	RM0.98	x

Capital Efficiency Dashboard

This dashboard shows how efficiently RCE Capital Berhad 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): 14.54%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 35.51%
• Asset Turnover: 0.12x
• Equity Multiplier: 3.45x
Recent ROE (14.54%) is below the historical average (15.35%), 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	8.67%	24.37%	0.10x	3.40x	RM-6.08 Million
2017	17.89%	35.35%	0.13x	3.86x	RM34.81 Million
2018	17.08%	36.06%	0.13x	3.58x	RM36.75 Million
2019	16.37%	36.38%	0.12x	3.82x	RM37.18 Million
2020	16.42%	38.91%	0.12x	3.61x	RM43.24 Million
2021	16.10%	42.47%	0.12x	3.22x	RM47.23 Million
2022	15.27%	44.47%	0.11x	3.13x	RM45.96 Million
2023	17.23%	42.88%	0.11x	3.66x	RM58.22 Million
2024	16.72%	40.61%	0.11x	3.61x	RM55.78 Million
2025	12.57%	31.82%	0.11x	3.56x	RM21.59 Million
2026	14.54%	35.51%	0.12x	3.45x	RM39.50 Million

Industry Comparison

This section compares RCE Capital Berhad's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $185,893,718
Average return on equity (ROE) among peers: 10.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
RCE Capital Berhad (9296)	RM847.83 Million	8.67%	2.52x	$361.20 Million
Pappajack Bhd (0242)	$54.93 Million	2.86%	0.10x	$171.54 Million
Evergreen Max Cash Capital Berhad (0286)	$76.41 Million	8.28%	0.76x	$97.55 Million
Aeon Credit Service Bhd (5139)	$215.84 Million	22.59%	3.22x	$679.45 Million
ELK-Desa Resources Bhd (5228)	$396.40 Million	6.54%	0.19x	$107.19 Million

About RCE Capital Berhad

KLSE:9296 Malaysia Credit Services

Market Cap

$361.20 Million

RM1.44 Billion MYR

Market Cap Rank

#14033 Global

#155 in Malaysia

Share Price

RM0.98

Change (1 day)

+0.51%

52-Week Range

RM0.98 - RM1.23

All Time High

RM1.75