Thachang Green Energy PCL
Thachang Green Energy Public Company Limited engages in the renewable energy business in Thailand. It operates through two segments, Biomass Power Plant Business and Waste Power Plant Business. The company generates and supplies electricity and steam from biomass. It also offers waste management and construction services. The company was founded in 2011 and is headquartered in Surat Thani, Thaila… Read more
Thachang Green Energy PCL (TGE) - Total Assets
Latest total assets as of September 2025: ฿3.92 Billion THB
Based on the latest financial reports, Thachang Green Energy PCL (TGE) holds total assets worth ฿3.92 Billion THB as of September 2025.
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.
Thachang Green Energy PCL - Total Assets Trend (2016–2024)
This chart illustrates how Thachang Green Energy PCL’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Thachang Green Energy PCL - Asset Composition Analysis
Current Asset Composition (December 2024)
Thachang Green Energy PCL's total assets of ฿3.92 Billion consist of 19.6% current assets and 80.4% non-current assets.
| Asset Category | Amount (THB) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ฿0.00 | 11.0% |
| Accounts Receivable | ฿160.70 Million | 4.7% |
| Inventory | ฿85.07 Million | 2.5% |
| Property, Plant & Equipment | ฿0.00 | 0.0% |
| Intangible Assets | ฿131.41 Million | 3.8% |
| Goodwill | ฿0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how Thachang Green Energy PCL'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: Thachang Green Energy PCL's current assets represent 19.6% of total assets in 2024, an increase from 0.5% in 2016.
- Cash Position: Cash and equivalents constituted 11.0% of total assets in 2024, up from 0.5% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 4.7% of total assets.
Thachang Green Energy PCL Competitors by Total Assets
Key competitors of Thachang Green Energy PCL 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 |
|
Guangdong Electric Power Development Co Ltd
SHE:000539
|
China | CN¥182.32 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 |
Thachang Green Energy PCL - 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 - Thachang Green Energy PCL generates 0.29x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Thachang Green Energy PCL generates $7.35 in net profit.
Thachang Green Energy PCL - 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 | 2.45 | 2.16 | 0.79 |
| Quick Ratio | 2.14 | 1.82 | 0.65 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ฿479.15 Million | ฿ 356.58 Million | ฿ -76.24 Million |
Thachang Green Energy PCL - Advanced Valuation Insights
This section examines the relationship between Thachang Green Energy PCL'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 | 1.10 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 1.4% |
| Total Assets | ฿3.42 Billion |
| Market Capitalization | $20.76 Million USD |
Valuation Analysis
Below Book Valuation: The market values Thachang Green Energy PCL's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Thachang Green Energy PCL's assets grew by 1.4% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Thachang Green Energy PCL (2016–2024)
The table below shows the annual total assets of Thachang Green Energy PCL from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.42 Billion | +1.43% |
| 2023-12-31 | ฿3.37 Billion | +0.38% |
| 2022-12-31 | ฿3.36 Billion | +22.33% |
| 2021-12-31 | ฿2.75 Billion | +2.14% |
| 2020-12-31 | ฿2.69 Billion | +22.18% |
| 2019-12-31 | ฿2.20 Billion | +51.78% |
| 2018-12-31 | ฿1.45 Billion | -6.37% |
| 2017-12-31 | ฿1.55 Billion | +133.38% |
| 2016-12-31 | ฿663.87 Million | -- |