Ba Ria Thermal Power JSC Net Assets
Ba Ria Thermal Power JSC net assets. Based on the latest financial reports, Ba Ria Thermal Power JSC (BTP) has net assets worth ₫1.09 Trillion VND (≈ $41.49 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 (₫1.21 Trillion ≈ $46.15 Million USD) and total liabilities (₫122.72 Billion ≈ $4.66 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. Also explore how fast is Ba Ria Thermal Power JSC growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.09 Trillion |
| % of Total Assets | 89.9% |
| Annual Growth Rate | -2.16% |
| 5-Year Change | -15.59% |
| 10-Year Change | N/A |
| Growth Volatility | 4.91 |
Net Assets of Ba Ria Thermal Power JSC (2019–2025)
Net assets of Ba Ria Thermal Power JSC from 2019 to 2025. This chart illustrates how Ba Ria Thermal Power JSC's net assets have evolved over time, based on quarterly financial data. See BTP net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Ba Ria Thermal Power JSC (2019–2025)
The table below shows the annual net assets of Ba Ria Thermal Power JSC from 2019 to 2025. For live market cap and overall valuation, see BTP market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.08 Trillion ≈ $40.90 Million |
+1.21% |
| 2024-12-31 | ₫1.06 Trillion ≈ $40.41 Million |
-11.51% |
| 2023-12-31 | ₫1.20 Trillion ≈ $45.67 Million |
-3.30% |
| 2022-12-31 | ₫1.24 Trillion ≈ $47.23 Million |
-2.53% |
| 2021-12-31 | ₫1.28 Trillion ≈ $48.45 Million |
+4.26% |
| 2020-12-31 | ₫1.22 Trillion ≈ $46.47 Million |
-0.33% |
| 2019-12-31 | ₫1.23 Trillion ≈ $46.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ba Ria Thermal Power JSC'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 51.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Ba Ria Thermal Power JSC Net Assets Breakdown (December 2025)
Ba Ria Thermal Power JSC net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫287.39 Billion | 26.70% |
| Other Components | ₫789.10 Billion | 73.30% |
| Total Equity | ₫1.08 Trillion | 100.00% |
Ba Ria Thermal Power JSC Competitors by Market Cap
The table below lists competitors of Ba Ria Thermal Power JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loyal Lithium Ltd.
AU:LLI
|
$15.23 Million |
|
Trinity Watthana Public Company Limited
BK:TNITY
|
$15.24 Million |
|
Earlyworks Co., Ltd. American Depositary Shares
NASDAQ:ELWS
|
$15.24 Million |
|
Dong Il Steel MFG Co Ltd
KO:002690
|
$15.24 Million |
|
Eminent Gold Corp
V:EMNT
|
$15.21 Million |
|
Garden Stage Limited Ordinary Shares
NASDAQ:GSIW
|
$15.21 Million |
|
YBM Net Inc
KQ:057030
|
$15.21 Million |
|
InfoBank Corporation
KQ:039290
|
$15.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ba Ria Thermal Power JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,063,608,372,165 to 1,076,494,926,621, a change of 12,886,554,456 (1.2%).
- Net income of 42,570,802,456 contributed positively to equity growth.
- Dividend payments of 19,903,744,330 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫42.57 Billion | +3.95% |
| Dividends Paid | ₫19.90 Billion | -1.85% |
| Other Changes | ₫-9.78 Billion | -0.91% |
| Total Change | ₫- | 1.21% |
Book Value vs Market Value Analysis
This analysis compares Ba Ria Thermal Power JSC'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: 0.37x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫20290.80 | ₫6620.00 | x |
| 2020-12-31 | ₫20223.05 | ₫6620.00 | x |
| 2021-12-31 | ₫21083.99 | ₫6620.00 | x |
| 2022-12-31 | ₫20550.05 | ₫6620.00 | x |
| 2023-12-31 | ₫19872.18 | ₫6620.00 | x |
| 2024-12-31 | ₫17584.49 | ₫6620.00 | x |
| 2025-12-31 | ₫17797.54 | ₫6620.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ba Ria Thermal Power JSC 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): 3.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.17%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.13x
- Recent ROE (3.95%) is below the historical average (7.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 14.86% | 9.63% | 0.95x | 1.63x | ₫59.69 Billion |
| 2020 | 6.62% | 10.79% | 0.44x | 1.40x | ₫-41.39 Billion |
| 2021 | 9.98% | 10.49% | 0.64x | 1.50x | ₫-310.07 Million |
| 2022 | 5.69% | 13.78% | 0.32x | 1.29x | ₫-53.55 Billion |
| 2023 | 5.98% | 9.21% | 0.54x | 1.21x | ₫-48.38 Billion |
| 2024 | 4.03% | 11.98% | 0.28x | 1.20x | ₫-63.54 Billion |
| 2025 | 3.95% | 16.17% | 0.22x | 1.13x | ₫-65.08 Billion |
Industry Comparison
This section compares Ba Ria Thermal Power JSC's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $4,839,114,437,615
- Average return on equity (ROE) among peers: 13.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ba Ria Thermal Power JSC (BTP) | ₫1.09 Trillion | 14.86% | 0.11x | $15.21 Million |
| Central Hydropower JSC (CHP) | $1.76 Trillion | 12.25% | 1.05x | $155.14 Million |
| PetroVietnam Power Nhon Trach 2 JSC (NT2) | $4.86 Trillion | 22.68% | 0.91x | $247.19 Million |
| Power Generation Corp 3 (PGV) | $15.77 Trillion | 6.75% | 2.73x | $870.77 Million |
| Can Don Hydro Power JSC (SJD) | $1.10 Trillion | 14.04% | 0.31x | $36.70 Million |
| Viet Nam Power Development JSC (VPD) | $1.53 Trillion | 18.53% | 0.31x | $84.23 Million |
| Vinh Son Song Hinh Hydropower JSC (VSH) | $4.01 Trillion | 9.66% | 1.50x | $366.21 Million |
About Ba Ria Thermal Power JSC
Ba Ria Thermal Power Joint Stock Company engages in the production and trading of electricity in Vietnam. The company is involved in operation, maintenance, repair, testing, calibration, and refurbishment of electrical equipment; electrical constructions and bottled drinking water business under the POWERFUL brand. It also invests in the construction of power generation projects, generates and se… Read more