Airtasker Ltd
Airtasker Limited engages in the provision of technology-enabled online marketplaces for local services in Australia. The company's platform offers various services, including accounting, admin, alterations, appliances technician, architects, assembly, audio visual, auto electrician, bakers, balloon delivery, barbers, bathroom renovation, beauticians, bicycle service, bricklayer, building and con… Read more
Airtasker Ltd (ART) - Net Assets
Latest net assets as of June 2025: AU$2.08 Million AUD
Based on the latest financial reports, Airtasker Ltd (ART) has net assets worth AU$2.08 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$70.41 Million) and total liabilities (AU$68.33 Million). 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$2.08 Million |
| % of Total Assets | 2.95% |
| Annual Growth Rate | N/A |
| 5-Year Change | -95.3% |
| 10-Year Change | N/A |
| Growth Volatility | 39.01 |
Airtasker Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Airtasker Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Airtasker Ltd (2018–2024)
The table below shows the annual net assets of Airtasker Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$2.08 Million | -93.64% |
| 2023-12-31 | AU$32.64 Million | +12.13% |
| 2022-12-31 | AU$29.11 Million | -21.27% |
| 2021-12-31 | AU$36.97 Million | -16.32% |
| 2020-12-31 | AU$44.17 Million | +413.07% |
| 2019-12-31 | AU$-14.11 Million | -30.26% |
| 2018-12-31 | AU$-10.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Airtasker Ltd'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 8771462500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$137.45 Million | 1435.49% |
| Other Comprehensive Income | AU$34.48 Million | 360.05% |
| Total Equity | AU$9.57 Million | 100.00% |
Airtasker Ltd Competitors by Market Cap
The table below lists competitors of Airtasker Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inter Pharma Public Company Limited
BK:IP
|
$34.71 Million |
|
BATI EGE GMYO
IS:BEGYO
|
$34.72 Million |
|
EXACOMPTA CLAIREF. NOM.
F:8KG
|
$34.72 Million |
|
MLG OZ Ltd
AU:MLG
|
$34.74 Million |
|
PharmGen Science Inc
KO:004720
|
$34.69 Million |
|
Sunny Elec
KO:004770
|
$34.68 Million |
|
LEBON NOM. O.N.
F:88J
|
$34.67 Million |
|
5paisa Capital Ltd
NSE:5PAISA
|
$34.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Airtasker Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 33,970,000 to 9,575,000, a change of -24,395,000 (-71.8%).
- Net loss of 31,569,000 reduced equity.
- Other comprehensive income increased equity by 7,174,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-31.57 Million | -329.7% |
| Other Comprehensive Income | AU$7.17 Million | +74.92% |
| Total Change | AU$- | -71.81% |
Book Value vs Market Value Analysis
This analysis compares Airtasker Ltd'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: 11.38x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$-0.03 | AU$0.24 | x |
| 2019-12-31 | AU$-0.04 | AU$0.24 | x |
| 2020-12-31 | AU$0.14 | AU$0.24 | x |
| 2021-12-31 | AU$0.09 | AU$0.24 | x |
| 2022-12-31 | AU$0.06 | AU$0.24 | x |
| 2023-12-31 | AU$0.08 | AU$0.24 | x |
| 2024-12-31 | AU$0.02 | AU$0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Airtasker Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -329.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -59.93%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 7.35x
- Recent ROE (-329.70%) is below the historical average (-65.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -211.24% | 1.31x | 0.00x | AU$-28.59 Million |
| 2019 | 0.00% | -53.24% | 0.96x | 0.00x | AU$-8.84 Million |
| 2020 | -21.98% | -36.54% | 0.46x | 1.30x | AU$-14.13 Million |
| 2021 | -55.16% | -64.80% | 0.57x | 1.48x | AU$-24.09 Million |
| 2022 | -44.64% | -29.21% | 0.87x | 1.76x | AU$-15.79 Million |
| 2023 | -8.51% | -6.20% | 0.92x | 1.49x | AU$-6.29 Million |
| 2024 | -329.70% | -59.93% | 0.75x | 7.35x | AU$-32.53 Million |
Industry Comparison
This section compares Airtasker Ltd's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $44,794,129
- Average return on equity (ROE) among peers: -42.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airtasker Ltd (ART) | AU$2.08 Million | 0.00% | 32.90x | $34.70 Million |
| CAR Group Ltd (CAR) | $277.16 Million | 39.50% | 0.95x | $5.32 Billion |
| Camplify Holdings Ltd (CHL) | $2.01 Million | -115.09% | 2.02x | $7.26 Million |
| Frontier Digital Ventures Ltd (FDV) | $1.91K | 126.62% | 2852.83x | $47.35 Million |
| Frugl Group Ltd (FGL) | $102.13K | -637.30% | 2.14x | $372.39K |
| FMR Resources Ltd (FMR) | $5.10 Million | -21.96% | 0.09x | $4.30 Million |
| Gumtree Australia Markets Ltd (GUM) | $33.09 Million | 32.75% | 0.75x | $11.95 Million |
| Love Group Global Ltd (LVE) | $288.34K | 188.45% | 6.31x | $1.33 Million |
| The Market Ltd (MKT) | $74.48 Million | 5.84% | 1.25x | $13.27 Million |
| Rma Global Ltd (RMY) | $10.91 Million | 0.00% | 0.09x | $8.65 Million |