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Fortune Parts Industry PCL (BKK:FPI) Equity-to-Asset : 0.64 (As of Dec. 2023)


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What is Fortune Parts Industry PCL Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fortune Parts Industry PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿2,281 Mil. Fortune Parts Industry PCL's Total Assets for the quarter that ended in Dec. 2023 was ฿3,548 Mil. Therefore, Fortune Parts Industry PCL's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.64.

The historical rank and industry rank for Fortune Parts Industry PCL's Equity-to-Asset or its related term are showing as below:

BKK:FPI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4   Med: 0.56   Max: 0.66
Current: 0.64

During the past 13 years, the highest Equity to Asset Ratio of Fortune Parts Industry PCL was 0.66. The lowest was 0.40. And the median was 0.56.

BKK:FPI's Equity-to-Asset is ranked better than
75.34% of 1310 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BKK:FPI: 0.64

Fortune Parts Industry PCL Equity-to-Asset Historical Data

The historical data trend for Fortune Parts Industry PCL's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortune Parts Industry PCL Equity-to-Asset Chart

Fortune Parts Industry PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.56 0.58 0.57 0.64

Fortune Parts Industry PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.61 0.59 0.56 0.64

Competitive Comparison of Fortune Parts Industry PCL's Equity-to-Asset

For the Auto Parts subindustry, Fortune Parts Industry PCL's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortune Parts Industry PCL's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fortune Parts Industry PCL's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Fortune Parts Industry PCL's Equity-to-Asset falls into.



Fortune Parts Industry PCL Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Fortune Parts Industry PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=2281.046/3547.897
=0.64

Fortune Parts Industry PCL's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=2281.046/3547.897
=0.64

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fortune Parts Industry PCL  (BKK:FPI) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Fortune Parts Industry PCL Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Fortune Parts Industry PCL's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortune Parts Industry PCL (BKK:FPI) Business Description

Traded in Other Exchanges
N/A
Address
Nimitmai Road, 11/22 Moo 20, Lamlukka, Pathumthani, THA, 12150
Fortune Parts Industry PCL is engaged in the manufacture and distribution of automotive replacement parts, dipping, and painting services based in Thailand. It has three operating segments Domestic sales, which manufacture and domestic distribution of automotive parts and equipment; Export sales, which manufacture and overseas distribution of automotive parts and equipment; and Services from dipping and painting. Some of the products offered by the company are Plastic injection parts, Lamp and mirrors, Coolants, Engine and Break parts, among others. Export sales generate the majority of the revenue. Geographically, it makes sales in Thailand, Saudi Arabia, and other countries.