Thai Solar Energy Public Company Limited
Thai Solar Energy Public Company Limited generates and distributes electricity from solar and biomass power plants in Thailand. It operates solar farm, battery energy storage system, solar rooftop, and solar floating projects, as well as biomass powerplants. It serves government and private sector clients. The company also provides renewable energy, such as wind and waste energy, as well as inves… Read more
Thai Solar Energy Public Company Limited (TSE) - Total Assets
Latest total assets as of September 2025: ฿8.15 Billion THB
Based on the latest financial reports, Thai Solar Energy Public Company Limited (TSE) holds total assets worth ฿8.15 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.
Thai Solar Energy Public Company Limited - Total Assets Trend (2012–2024)
This chart illustrates how Thai Solar Energy Public Company Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Thai Solar Energy Public Company Limited - Asset Composition Analysis
Current Asset Composition (December 2024)
Thai Solar Energy Public Company Limited's total assets of ฿8.15 Billion consist of 8.8% current assets and 91.2% non-current assets.
| Asset Category | Amount (THB) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ฿0.00 | 4.6% |
| Accounts Receivable | ฿210.68 Million | 2.7% |
| Inventory | ฿39.64 Million | 0.5% |
| Property, Plant & Equipment | ฿0.00 | 0.0% |
| Intangible Assets | ฿943.67 Million | 12.2% |
| Goodwill | ฿9.97 Million | 0.1% |
Asset Composition Trend (2012–2024)
This chart illustrates how Thai Solar Energy Public Company Limited'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: Thai Solar Energy Public Company Limited's current assets represent 8.8% of total assets in 2024, a decrease from 24.0% in 2012.
- Cash Position: Cash and equivalents constituted 4.6% of total assets in 2024, up from 0.0% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 12.0% of total assets, an increase from 0.0% in 2012.
- Asset Diversification: The largest asset category is intangible assets at 12.2% of total assets.
Thai Solar Energy Public Company Limited Competitors by Total Assets
Key competitors of Thai Solar Energy Public Company Limited 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 |
Thai Solar Energy Public Company Limited - 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 - Thai Solar Energy Public Company Limited generates 0.15x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Thai Solar Energy Public Company Limited is currently not profitable relative to its asset base.
Thai Solar Energy Public Company Limited - 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 | 0.91 | 0.31 | 0.54 |
| Quick Ratio | 0.89 | 0.30 | 0.53 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ฿-282.28 Million | ฿ -1.95 Billion | ฿ -1.40 Billion |
Thai Solar Energy Public Company Limited - Advanced Valuation Insights
This section examines the relationship between Thai Solar Energy Public Company Limited'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 | 0.32 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -24.7% |
| Total Assets | ฿7.72 Billion |
| Market Capitalization | $12.40 Million USD |
Valuation Analysis
Below Book Valuation: The market values Thai Solar Energy Public Company Limited's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Thai Solar Energy Public Company Limited's assets decreased by 24.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Thai Solar Energy Public Company Limited (2012–2024)
The table below shows the annual total assets of Thai Solar Energy Public Company Limited from 2012 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ฿7.72 Billion | -24.71% |
| 2023-12-31 | ฿10.26 Billion | -49.98% |
| 2022-12-31 | ฿20.51 Billion | +4.08% |
| 2021-12-31 | ฿19.71 Billion | +2.76% |
| 2020-12-31 | ฿19.18 Billion | +20.84% |
| 2019-12-31 | ฿15.87 Billion | +8.04% |
| 2018-12-31 | ฿14.69 Billion | +20.22% |
| 2017-12-31 | ฿12.22 Billion | +45.89% |
| 2016-12-31 | ฿8.37 Billion | +72.88% |
| 2015-12-31 | ฿4.84 Billion | -29.60% |
| 2014-12-31 | ฿6.88 Billion | +257.64% |
| 2013-12-31 | ฿1.92 Billion | -63.30% |
| 2012-12-31 | ฿5.24 Billion | -- |