ABSOLUTE CLEAN ENERGY
Absolute Clean Energy Public Company Limited, together with its subsidiaries, produces and distributes electricity from renewable energy in Thailand. It operates through four segments: Biomass Power Plants, Solid Waste Power Plants, Natural Gas Power Plants, and Solar Energy Power Plants. The company holds 24 COD powerplants with a total of 277.57 megawatts. The company was founded in 1979 and is… Read more
ABSOLUTE CLEAN ENERGY (ACE-R) - Total Assets
Latest total assets as of September 2024: ฿24.56 Billion THB
Based on the latest financial reports, ABSOLUTE CLEAN ENERGY (ACE-R) holds total assets worth ฿24.56 Billion THB as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
ABSOLUTE CLEAN ENERGY - Total Assets Trend (2014–2023)
This chart illustrates how ABSOLUTE CLEAN ENERGY’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
ABSOLUTE CLEAN ENERGY - Asset Composition Analysis
Current Asset Composition (December 2023)
ABSOLUTE CLEAN ENERGY's total assets of ฿24.56 Billion consist of 16.9% current assets and 83.1% non-current assets.
| Asset Category | Amount (THB) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ฿0.00 | 5.4% |
| Accounts Receivable | ฿1.40 Billion | 6.4% |
| Inventory | ฿1.06 Billion | 4.9% |
| Property, Plant & Equipment | ฿0.00 | 0.0% |
| Intangible Assets | ฿1.46 Billion | 6.7% |
| Goodwill | ฿0.00 | 0.0% |
Asset Composition Trend (2014–2023)
This chart illustrates how ABSOLUTE CLEAN ENERGY's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: ABSOLUTE CLEAN ENERGY's current assets represent 16.9% of total assets in 2023, a decrease from 20.8% in 2014.
- Cash Position: Cash and equivalents constituted 5.4% of total assets in 2023, up from 0.1% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 6.0% of total assets, an increase from 0.0% in 2014.
- Asset Diversification: The largest asset category is intangible assets at 6.7% of total assets.
ABSOLUTE CLEAN ENERGY Competitors by Total Assets
Key competitors of ABSOLUTE CLEAN ENERGY based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
ABSOLUTE CLEAN ENERGY - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - ABSOLUTE CLEAN ENERGY generates 0.30x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, ABSOLUTE CLEAN ENERGY generates $ 4.93 in net profit.
ABSOLUTE CLEAN ENERGY - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.72 | 1.60 | 1.04 |
| Quick Ratio | 1.18 | 0.99 | 0.91 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ฿1.42 Billion | ฿ 1.01 Billion | ฿ 61.40 Million |
ABSOLUTE CLEAN ENERGY - Advanced Valuation Insights
This section examines the relationship between ABSOLUTE CLEAN ENERGY's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.78 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 8.3% |
| Total Assets | ฿21.74 Billion |
| Market Capitalization | $79.91 Million USD |
Valuation Analysis
Below Book Valuation: The market values ABSOLUTE CLEAN ENERGY's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: ABSOLUTE CLEAN ENERGY's assets grew by 8.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for ABSOLUTE CLEAN ENERGY (2014–2023)
The table below shows the annual total assets of ABSOLUTE CLEAN ENERGY from 2014 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | ฿21.74 Billion | +8.30% |
| 2022-12-31 | ฿20.07 Billion | +7.10% |
| 2021-12-31 | ฿18.74 Billion | +14.06% |
| 2020-12-31 | ฿16.43 Billion | +16.15% |
| 2019-12-31 | ฿14.15 Billion | +1.86% |
| 2018-12-31 | ฿13.89 Billion | -1.33% |
| 2017-12-31 | ฿14.07 Billion | +5.35% |
| 2016-12-31 | ฿13.36 Billion | +25.76% |
| 2015-12-31 | ฿10.62 Billion | -9.53% |
| 2014-12-31 | ฿11.74 Billion | -- |