Rex Industry Bhd
ETA Group Berhad, an investment holding company, engages in the manufacture, distribution, trading, and export of halal canned food, frozen food, beverage, chocolate malt and premix products, and coconut milk. It has operations in Malaysia, the United States, Europe, and rest of Asia. The company was formerly known as Rex Industry Berhad and change its name to ETA Group Berhad in November 2025. T… Read more
Rex Industry Bhd (9946) - Net Assets
Latest net assets as of September 2025: RM101.36 Million MYR
Based on the latest financial reports, Rex Industry Bhd (9946) has net assets worth RM101.36 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM151.96 Million) and total liabilities (RM50.60 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM101.36 Million |
| % of Total Assets | 66.7% |
| Annual Growth Rate | -1.7% |
| 5-Year Change | -20.18% |
| 10-Year Change | -26.23% |
| Growth Volatility | 11.12 |
Rex Industry Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Rex Industry Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rex Industry Bhd (2012–2024)
The table below shows the annual net assets of Rex Industry Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM101.70 Million | +5.54% |
| 2023-12-31 | RM96.36 Million | -6.95% |
| 2022-12-31 | RM103.56 Million | -20.16% |
| 2021-12-31 | RM129.71 Million | +1.81% |
| 2020-12-31 | RM127.40 Million | +25.04% |
| 2019-12-31 | RM101.89 Million | -10.36% |
| 2018-12-31 | RM113.67 Million | -10.08% |
| 2017-12-31 | RM126.42 Million | -11.26% |
| 2016-12-31 | RM142.47 Million | +3.35% |
| 2015-12-31 | RM137.85 Million | +4.43% |
| 2014-12-31 | RM132.00 Million | +2.33% |
| 2013-12-31 | RM129.00 Million | +3.20% |
| 2012-12-31 | RM125.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rex Industry 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 105.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM105.01 Million | 103.26% |
| Total Equity | RM101.70 Million | 100.00% |
Rex Industry Bhd Competitors by Market Cap
The table below lists competitors of Rex Industry Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mawson Infrastructure Group Inc
NASDAQ:MIGI
|
$1.25 Million |
|
DAVITA HLTH CARE
MU:TRL
|
$1.25 Million |
|
bioAffinity Technologies Inc. Warrant
NASDAQ:BIAFW
|
$1.25 Million |
|
DTE ENERGY - Dusseldorf Stock Exchang
DU:DGY
|
$1.25 Million |
|
Xinda International Corp
PINK:XNDA
|
$1.25 Million |
|
GSP Resource Corp
PINK:GSRCF
|
$1.25 Million |
|
Mantex AB
ST:MANTEX
|
$1.25 Million |
|
Northbaze Group AB
ST:NBZ
|
$1.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rex Industry Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 96,360,850 to 101,696,000, a change of 5,335,150 (5.5%).
- Net income of 8,850,000 contributed positively to equity growth.
- Other factors decreased equity by 3,514,850.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM8.85 Million | +8.7% |
| Other Changes | RM-3.51 Million | -3.46% |
| Total Change | RM- | 5.54% |
Book Value vs Market Value Analysis
This analysis compares Rex Industry 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: 0.97x
- 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 0.38x to 0.97x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | RM0.39 | RM0.15 | x |
| 2016-12-31 | RM0.35 | RM0.15 | x |
| 2017-12-31 | RM0.31 | RM0.15 | x |
| 2018-12-31 | RM0.28 | RM0.15 | x |
| 2019-12-31 | RM0.25 | RM0.15 | x |
| 2020-12-31 | RM0.23 | RM0.15 | x |
| 2021-12-31 | RM0.23 | RM0.15 | x |
| 2022-12-31 | RM0.16 | RM0.15 | x |
| 2023-12-31 | RM0.15 | RM0.15 | x |
| 2024-12-31 | RM0.15 | RM0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rex Industry 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): 8.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.62%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.51x
- Recent ROE (8.70%) is above the historical average (-6.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.76% | 0.69% | 0.81x | 1.36x | RM-12.23 Million |
| 2015 | -3.47% | -2.44% | 1.09x | 1.30x | RM-18.57 Million |
| 2016 | 2.28% | 2.50% | 0.66x | 1.38x | RM-10.99 Million |
| 2017 | -11.99% | -11.63% | 0.73x | 1.42x | RM-27.80 Million |
| 2018 | -11.70% | -9.73% | 0.77x | 1.56x | RM-24.66 Million |
| 2019 | -9.29% | -6.34% | 0.82x | 1.79x | RM-19.65 Million |
| 2020 | 2.04% | 1.62% | 0.82x | 1.53x | RM-10.14 Million |
| 2021 | 1.56% | 1.26% | 0.80x | 1.55x | RM-10.94 Million |
| 2022 | -42.87% | -27.34% | 0.91x | 1.72x | RM-54.76 Million |
| 2023 | -4.32% | -3.19% | 0.84x | 1.62x | RM-13.80 Million |
| 2024 | 8.70% | 6.62% | 0.87x | 1.51x | RM-1.32 Million |
Industry Comparison
This section compares Rex Industry Bhd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $67,521,143
- Average return on equity (ROE) among peers: 15.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rex Industry Bhd (9946) | RM101.36 Million | 0.76% | 0.50x | $1.25 Million |
| Three A Resources Bhd (0012) | $69.82 Million | 14.48% | 0.75x | $21.22 Million |
| Sunzen Biotech Bhd (0148) | $97.23 Million | -0.13% | 0.09x | $13.06 Million |
| Bioalpha Holdings Bhd (0179) | $186.67 Million | -0.69% | 0.16x | $3.34 Million |
| Nova Wellness Group Bhd (0201) | $93.94 Million | 15.49% | 0.11x | $4.23 Million |
| SDS Group Bhd (0212) | $38.22 Million | 20.13% | 2.25x | $13.86 Million |
| PTRB (0260) | $36.06 Million | 33.90% | 1.62x | $6.02 Million |
| MYMBN Berhad (0280) | $35.86 Million | 2.72% | 0.27x | $8.98 Million |
| SBH Marine Holdings Berhad (0300) | $77.33 Million | 10.74% | 0.33x | $4.98 Million |
| Sik Cheong Berhad (0316) | $19.96 Million | 30.20% | 0.23x | $1.68 Million |
| OB Holdings Berhad (0327) | $20.10 Million | 23.44% | 0.52x | $3.31 Million |