Rex Industry Bhd (9946) - Net Assets

Latest as of September 2025: RM101.36 Million MYR ≈ $25.45 Million USD

Based on the latest financial reports, Rex Industry Bhd (9946) has net assets worth RM101.36 Million MYR (≈ $25.45 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 (RM151.96 Million ≈ $38.15 Million USD) and total liabilities (RM50.60 Million ≈ $12.70 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 9946 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 9946 total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Rex Industry Bhd market capitalisation.

Year	Net Assets	Change
2024-12-31	RM101.70 Million ≈ $25.53 Million	+5.54%
2023-12-31	RM96.36 Million ≈ $24.19 Million	-6.95%
2022-12-31	RM103.56 Million ≈ $26.00 Million	-20.16%
2021-12-31	RM129.71 Million ≈ $32.57 Million	+1.81%
2020-12-31	RM127.40 Million ≈ $31.99 Million	+25.04%
2019-12-31	RM101.89 Million ≈ $25.58 Million	-10.36%
2018-12-31	RM113.67 Million ≈ $28.54 Million	-10.08%
2017-12-31	RM126.42 Million ≈ $31.74 Million	-11.26%
2016-12-31	RM142.47 Million ≈ $35.77 Million	+3.35%
2015-12-31	RM137.85 Million ≈ $34.61 Million	+4.43%
2014-12-31	RM132.00 Million ≈ $33.14 Million	+2.33%
2013-12-31	RM129.00 Million ≈ $32.39 Million	+3.20%
2012-12-31	RM125.00 Million ≈ $31.38 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
TAS Offshore Bhd KLSE:5149	$20.64 Million
Getabec Public Company Limited BK:GTB	$20.65 Million
Seoul Pharma Co. Ltd KQ:018680	$20.66 Million
Veris Ltd AU:VRS	$20.67 Million
Yorbeau Resources Inc TO:YRB	$20.63 Million
Moorim SP Co. Ltd KQ:001810	$20.63 Million
Pure Hydrogen Corporation Ltd AU:PH2	$20.63 Million
Kota Satu Properti Tbk PT JK:SATU	$20.63 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: 0.81x
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 0.32x to 0.81x 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	RM0.13	x
2016-12-31	RM0.35	RM0.13	x
2017-12-31	RM0.31	RM0.13	x
2018-12-31	RM0.28	RM0.13	x
2019-12-31	RM0.25	RM0.13	x
2020-12-31	RM0.23	RM0.13	x
2021-12-31	RM0.23	RM0.13	x
2022-12-31	RM0.16	RM0.13	x
2023-12-31	RM0.15	RM0.13	x
2024-12-31	RM0.15	RM0.13	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: $731,118,650
Average return on equity (ROE) among peers: 18.36%

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	$20.64 Million
Three A Resources Bhd (0012)	$348.17 Million	8.45%	0.17x	$86.02 Million
Sunzen Biotech Bhd (0148)	$97.23 Million	-0.13%	0.09x	$45.14 Million
Bioalpha Holdings Bhd (0179)	$97.99 Million	8.66%	0.16x	$5.30 Million
Nova Wellness Group Bhd (0201)	$109.78 Million	7.17%	0.09x	$27.21 Million
SDS Group Bhd (0212)	$71.91 Million	10.11%	0.93x	$60.59 Million
PTRB (0260)	$209.41 Million	5.85%	0.79x	$39.63 Million
MYMBN Berhad (0280)	$10.79 Million	62.41%	0.50x	$9.21 Million
SBH Marine Holdings Berhad (0300)	$73.93 Million	17.64%	0.36x	$32.33 Million
OB Holdings Berhad (0327)	$58.86 Million	9.34%	0.34x	$20.16 Million
IOI Corporation Bhd (1961)	$6.23 Billion	54.11%	1.46x	$6.38 Billion

About Rex Industry Bhd

KLSE:9946 Malaysia Packaged Foods

Market Cap

$20.64 Million

RM82.21 Million MYR

Market Cap Rank

#25035 Global

#688 in Malaysia

Share Price

RM0.13

Change (1 day)

-7.41%

52-Week Range

RM0.10 - RM0.25

All Time High

RM0.38