Alternative Investment Trust
Alternative Investment Trust is a balanced mutual fund launched by RE The Trust Company (RE Services) Limited. The fund is co-managed by Laxey Partners (UK) Limited and Laxey Partners Ltd. It invests in the equity and fixed income markets of Australia. The fund also invests in absolute return funds. It seeks to invest in stocks of companies that are operating across diversified sectors. The fund … Read more
Alternative Investment Trust (AIQ) - Net Assets
Latest net assets as of June 2025: AU$55.75 Million AUD
Based on the latest financial reports, Alternative Investment Trust (AIQ) has net assets worth AU$55.75 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$56.01 Million) and total liabilities (AU$261.00K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$55.75 Million |
| % of Total Assets | 99.53% |
| Annual Growth Rate | 1.55% |
| 5-Year Change | 36.5% |
| 10-Year Change | 177.9% |
| Growth Volatility | 203.42 |
Alternative Investment Trust - Net Assets Trend (2004–2024)
This chart illustrates how Alternative Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Alternative Investment Trust (2004–2024)
The table below shows the annual net assets of Alternative Investment Trust from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$50.42 Million | +5.37% |
| 2023-12-31 | AU$47.85 Million | -0.78% |
| 2022-12-31 | AU$48.23 Million | +13.01% |
| 2021-12-31 | AU$42.68 Million | +15.54% |
| 2020-12-31 | AU$36.94 Million | +35.11% |
| 2019-12-31 | AU$27.34 Million | +116.08% |
| 2018-12-31 | AU$12.65 Million | +3.33% |
| 2017-12-31 | AU$12.24 Million | -12.42% |
| 2016-12-31 | AU$13.98 Million | -22.94% |
| 2015-12-31 | AU$18.14 Million | -21.38% |
| 2014-12-31 | AU$23.08 Million | -- |
| 2013-12-31 | AU$0.00 | -- |
| 2012-12-31 | AU$0.00 | -- |
| 2011-12-31 | AU$0.00 | -- |
| 2010-12-31 | AU$0.00 | -- |
| 2009-12-31 | AU$0.00 | -- |
| 2008-12-31 | AU$0.00 | -- |
| 2007-12-31 | AU$0.00 | -- |
| 2006-12-31 | AU$281.69 Million | -10.27% |
| 2005-12-31 | AU$313.93 Million | +746.18% |
| 2004-12-31 | AU$37.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alternative Investment Trust'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$50.42 Million | 100.00% |
| Total Equity | AU$50.42 Million | 100.00% |
Alternative Investment Trust Competitors by Market Cap
The table below lists competitors of Alternative Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Royale Holdings Corp
OTCQB:URYL
|
$8.06K |
|
Fingerprint Cards AB (publ)
OTCGREY:FGRRF
|
$8.06K |
|
Yield10 Bioscience Inc
NASDAQ:YTEN
|
$8.06K |
|
Skillcast Group PLC
LSE:SKL
|
$8.07K |
|
Taiwan Bio Therapeutics Co., Ltd
TWO:6892
|
$8.06K |
|
CSAN3F
SA:CSAN3F
|
$8.05K |
|
Huatai Tianjin Huatai Securities Assets Management- Jiangsu Traffic Control Reit
SHG:508066
|
$8.05K |
|
AUST AGRICULTURAL
MU:AY5
|
$8.05K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alternative Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 47,853,000 to 50,422,000, a change of 2,569,000 (5.4%).
- Net income of 2,592,000 contributed positively to equity growth.
- Dividend payments of 2,391,000 reduced retained earnings.
- Share repurchases of 23,000 reduced equity.
- Other factors increased equity by 2,391,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$2.59 Million | +5.14% |
| Dividends Paid | AU$2.39 Million | -4.74% |
| Share Repurchases | AU$23.00K | -0.05% |
| Other Changes | AU$2.39 Million | +4.74% |
| Total Change | AU$- | 5.37% |
Book Value vs Market Value Analysis
This analysis compares Alternative Investment Trust'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: 0.86x
- 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.
- The price-to-book ratio has decreased from 2.35x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | AU$0.60 | AU$1.42 | x |
| 2006-12-31 | AU$4.55 | AU$1.42 | x |
| 2007-12-31 | AU$5.30 | AU$1.42 | x |
| 2008-12-31 | AU$2.35 | AU$1.42 | x |
| 2009-12-31 | AU$-0.06 | AU$1.42 | x |
| 2010-12-31 | AU$1.36 | AU$1.42 | x |
| 2011-12-31 | AU$0.83 | AU$1.42 | x |
| 2012-12-31 | AU$0.54 | AU$1.42 | x |
| 2013-12-31 | AU$0.26 | AU$1.42 | x |
| 2014-12-31 | AU$0.18 | AU$1.42 | x |
| 2015-12-31 | AU$0.14 | AU$1.42 | x |
| 2016-12-31 | AU$0.11 | AU$1.42 | x |
| 2017-12-31 | AU$0.09 | AU$1.42 | x |
| 2018-12-31 | AU$1.09 | AU$1.42 | x |
| 2019-12-31 | AU$1.62 | AU$1.42 | x |
| 2020-12-31 | AU$1.36 | AU$1.42 | x |
| 2021-12-31 | AU$1.52 | AU$1.42 | x |
| 2022-12-31 | AU$1.62 | AU$1.42 | x |
| 2023-12-31 | AU$1.57 | AU$1.42 | x |
| 2024-12-31 | AU$1.66 | AU$1.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alternative Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.14%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.08%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.01x
- Recent ROE (5.14%) is above the historical average (4.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 8.36% | 80.79% | 0.05x | 1.95x | AU$-5.16 Million |
| 2006 | 15.05% | 85.33% | 0.09x | 1.96x | AU$14.23 Million |
| 2007 | 5.74% | 72.45% | 0.04x | 1.76x | AU$-31.68 Million |
| 2009 | 0.00% | 0.00% | -0.18x | 0.00x | AU$-59.19 Million |
| 2010 | -6.55% | 0.00% | -0.05x | 1.04x | AU$-29.35 Million |
| 2011 | -0.73% | -23.97% | 0.03x | 1.01x | AU$-11.59 Million |
| 2012 | 2.76% | 48.00% | 0.06x | 1.01x | AU$-5.12 Million |
| 2013 | 18.94% | 83.41% | 0.23x | 1.01x | AU$3.05 Million |
| 2014 | 10.49% | 145.26% | 0.07x | 1.01x | AU$112.20K |
| 2015 | 8.58% | 121.74% | 0.07x | 1.01x | AU$-257.40K |
| 2016 | -25.05% | 0.00% | -0.09x | 1.01x | AU$-4.90 Million |
| 2017 | -14.18% | 0.00% | -0.09x | 1.02x | AU$-2.96 Million |
| 2018 | 7.77% | 83.59% | 0.09x | 1.02x | AU$-282.30K |
| 2019 | 10.56% | 165.22% | 0.06x | 1.00x | AU$154.00K |
| 2020 | 21.66% | 0.00% | -0.03x | 1.11x | AU$4.31 Million |
| 2021 | 16.92% | 1769.36% | 0.01x | 1.00x | AU$2.95 Million |
| 2022 | 6.11% | 54.46% | 0.11x | 1.00x | AU$-1.88 Million |
| 2023 | -0.38% | -6.14% | 0.06x | 1.00x | AU$-4.97 Million |
| 2024 | 5.14% | 52.08% | 0.10x | 1.01x | AU$-2.45 Million |
Industry Comparison
This section compares Alternative Investment Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $623,285,905
- Average return on equity (ROE) among peers: -29.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alternative Investment Trust (AIQ) | AU$55.75 Million | 8.36% | 0.00x | $8.06K |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $5.49K |
| Australian Ethical Investment Ltd (AEF) | $20.82 Million | 45.43% | 0.62x | $241.24 Million |
| Australian Foundation Investment Company Ltd (AFI) | $3.98 Billion | 4.62% | 0.15x | $5.08 Billion |
| Argo Global Listed Infrastructure Ltd (ALI) | $320.48 Million | -2.91% | 0.03x | $13.82K |
| Amcil Ltd (AMH) | $128.23 Million | 0.00% | 0.02x | $137.06 Million |
| Associate Global Partners Ltd (APL) | $6.41 Million | -310.27% | 0.73x | $1.95 Million |
| Ariadne Australia Ltd (ARA) | $59.71 Million | 8.64% | 0.74x | $17.16 Million |
| ARC Funds Ltd (ARC) | $2.90 Million | -21.10% | 0.01x | $1.21 Million |
| Australian United Investment Company Ltd (AUI) | $1.04 Billion | 5.35% | 0.27x | $395.51 Million |