Ashley Services Group Ltd (ASH) - Net Assets

Latest as of June 2025: AU$31.12 Million AUD ≈ $22.02 Million USD

Based on the latest financial reports, Ashley Services Group Ltd (ASH) has net assets worth AU$31.12 Million AUD (≈ $22.02 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$86.58 Million ≈ $61.26 Million USD) and total liabilities (AU$55.45 Million ≈ $39.24 Million USD). 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. Check how resilient are Ashley Services Group Ltd's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$31.12 Million
% of Total Assets	35.95%
Annual Growth Rate	-8.19%
5-Year Change	11.33%
10-Year Change	14.85%
Growth Volatility	196.98

Ashley Services Group Ltd - Net Assets Trend (1997–2025)

This chart illustrates how Ashley Services Group Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Ashley Services Group Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Ashley Services Group Ltd (1997–2025)

The table below shows the annual net assets of Ashley Services Group Ltd from 1997 to 2025. For live valuation and market cap data, see Ashley Services Group Ltd (ASH) market capitalisation.

Year	Net Assets	Change
2025-06-30	AU$31.12 Million ≈ $22.02 Million	+2.22%
2024-06-30	AU$30.45 Million ≈ $21.54 Million	-11.14%
2023-06-30	AU$34.27 Million ≈ $24.25 Million	+8.65%
2022-06-30	AU$31.54 Million ≈ $22.32 Million	+12.81%
2021-06-30	AU$27.96 Million ≈ $19.78 Million	+8.23%
2020-06-30	AU$25.83 Million ≈ $18.28 Million	-2.98%
2019-06-30	AU$26.62 Million ≈ $18.84 Million	+7.36%
2018-06-30	AU$24.80 Million ≈ $17.55 Million	+23.93%
2017-06-30	AU$20.01 Million ≈ $14.16 Million	-26.16%
2016-06-30	AU$27.10 Million ≈ $19.17 Million	-73.66%
2015-06-30	AU$102.88 Million ≈ $72.79 Million	+17.17%
2014-06-30	AU$87.80 Million ≈ $62.12 Million	+792.91%
2013-06-30	AU$9.83 Million ≈ $6.96 Million	-96.37%
2000-06-30	AU$271.19 Million ≈ $191.89 Million	-19.06%
1999-06-30	AU$335.04 Million ≈ $237.06 Million	+27.10%
1998-06-30	AU$263.61 Million ≈ $186.52 Million	-22.66%
1997-06-30	AU$340.85 Million ≈ $241.17 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Ashley Services Group 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 172.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$148.81 Million	478.14%
Other Comprehensive Income	AU$-59.26 Million	-190.40%
Total Equity	AU$31.12 Million	100.00%

Ashley Services Group Ltd Competitors by Market Cap

The table below lists competitors of Ashley Services Group Ltd ranked by their market capitalization.

Company	Market Cap
Minbos Resources Ltd AU:MNB	$19.63 Million
Australis Oil & Gas Ltd AU:ATS	$19.65 Million
Tier One Silver Inc V:TSLV	$19.65 Million
88 Energy Ltd AU:88E	$19.65 Million
YX Precious Metals Bhd KLSE:0250	$19.62 Million
Seven Principles AG XETRA:T3T1	$19.61 Million
PJX Resources Inc V:PJX	$19.61 Million
Coats Group PLC LSE:COA	$19.60 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ashley Services Group Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 30,449,000 to 31,124,000, a change of 675,000 (2.2%).
Net income of 2,172,000 contributed positively to equity growth.
Dividend payments of 1,497,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$2.17 Million	+6.98%
Dividends Paid	AU$1.50 Million	-4.81%
Total Change	AU$-	2.22%

Book Value vs Market Value Analysis

This analysis compares Ashley Services Group 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: 0.93x
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 increased from 0.55x to 0.93x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-06-30	AU$0.35	AU$0.19	x
2014-06-30	AU$3.12	AU$0.19	x
2015-06-30	AU$0.73	AU$0.19	x
2016-06-30	AU$0.18	AU$0.19	x
2017-06-30	AU$0.14	AU$0.19	x
2018-06-30	AU$0.17	AU$0.19	x
2019-06-30	AU$0.18	AU$0.19	x
2020-06-30	AU$0.18	AU$0.19	x
2021-06-30	AU$0.19	AU$0.19	x
2022-06-30	AU$0.22	AU$0.19	x
2023-06-30	AU$0.23	AU$0.19	x
2024-06-30	AU$0.20	AU$0.19	x
2025-06-30	AU$0.20	AU$0.19	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ashley Services Group 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): 6.98%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.42%
• Asset Turnover: 5.96x
• Equity Multiplier: 2.78x
Recent ROE (6.98%) is above the historical average (-4.88%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	6.11%	11.33%	0.27x	1.98x	AU$-13.12 Million
1998	-24.10%	-35.34%	0.32x	2.13x	AU$-87.75 Million
1999	3.52%	5.35%	0.36x	1.83x	AU$-21.33 Million
2000	-16.56%	-18.14%	0.45x	2.04x	AU$-71.57 Million
2013	29.68%	2.74%	2.18x	4.96x	AU$1.93 Million
2014	10.40%	3.65%	1.77x	1.61x	AU$348.00K
2015	13.29%	4.50%	2.20x	1.35x	AU$3.39 Million
2016	-247.66%	-24.24%	4.87x	2.10x	AU$-69.83 Million
2017	-27.16%	-1.73%	7.10x	2.21x	AU$-7.44 Million
2018	19.31%	1.44%	7.09x	1.89x	AU$2.31 Million
2019	20.37%	1.89%	6.35x	1.70x	AU$2.76 Million
2020	18.07%	1.39%	5.92x	2.20x	AU$2.08 Million
2021	32.66%	2.38%	5.47x	2.50x	AU$6.35 Million
2022	35.86%	2.52%	5.49x	2.59x	AU$8.16 Million
2023	31.90%	1.97%	4.89x	3.32x	AU$7.41 Million
2024	4.43%	0.24%	6.18x	2.96x	AU$-1.69 Million
2025	6.98%	0.42%	5.96x	2.78x	AU$-940.40K

Industry Comparison

This section compares Ashley Services Group Ltd's net assets metrics with peer companies in the Staffing & Employment Services industry.

Industry Context

Industry: Staffing & Employment Services
Average net assets among peers: $55,312,956
Average return on equity (ROE) among peers: 19.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ashley Services Group Ltd (ASH)	AU$31.12 Million	6.11%	1.78x	$19.62 Million
GO2 People Ltd (GO2)	$4.91 Million	-27.34%	2.55x	$1.40 Million
Hitech Group Australia Ltd (HIT)	$6.66 Million	34.66%	0.25x	$27.09 Million
Hiremii Ltd (HMI)	$-32.49K	0.00%	0.00x	$5.21 Million
Ignite Ltd (IGN)	$92.94 Million	12.19%	0.60x	$6.96 Million
Mcmillan Shakespeare Ltd (MMS)	$112.79 Million	84.52%	12.12x	$783.01 Million
Peoplein Ltd (PPE)	$114.60 Million	15.41%	0.95x	$45.69 Million

About Ashley Services Group Ltd

AU:ASH Australia Staffing & Employment Services

Market Cap

$19.62 Million

AU$27.74 Million AUD

Market Cap Rank

#25083 Global

#1106 in Australia

Share Price

AU$0.19

Change (1 day)

-2.56%

52-Week Range

AU$0.16 - AU$0.28

All Time High

AU$0.72