Abacus Storage King (ASK) - Net Assets
Based on the latest financial reports, Abacus Storage King (ASK) has net assets worth AU$2.35 Billion AUD (≈ $1.67 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$3.71 Billion ≈ $2.63 Billion USD) and total liabilities (AU$1.36 Billion ≈ $961.58 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 ASK asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$2.35 Billion |
| % of Total Assets | 63.39% |
| Annual Growth Rate | 90.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 299.06 |
Abacus Storage King - Net Assets Trend (2021–2025)
This chart illustrates how Abacus Storage King's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Abacus Storage King for the complete picture of this company's asset base.
Annual Net Assets for Abacus Storage King (2021–2025)
The table below shows the annual net assets of Abacus Storage King from 2021 to 2025. For live valuation and market cap data, see Abacus Storage King (ASK) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$2.33 Billion ≈ $1.65 Billion |
+10.04% |
| 2024-06-30 | AU$2.12 Billion ≈ $1.50 Billion |
+708.69% |
| 2023-06-30 | AU$261.79 Million ≈ $185.23 Million |
+8.85% |
| 2022-06-30 | AU$240.51 Million ≈ $170.18 Million |
+36.66% |
| 2021-06-30 | AU$175.99 Million ≈ $124.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Abacus Storage King'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 grown by 1002.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.27 Billion | 54.41% |
| Common Stock | AU$1.05 Billion | 45.27% |
| Other Comprehensive Income | AU$7.39 Million | 0.32% |
| Total Equity | AU$2.33 Billion | 100.00% |
Abacus Storage King Competitors by Market Cap
The table below lists competitors of Abacus Storage King ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiajia Food Group Co Ltd
SHE:002650
|
$1.32 Billion |
|
City Development Environment Co Ltd
SHE:000885
|
$1.33 Billion |
|
SK ETERNIX CO LT
KO:475150
|
$1.33 Billion |
|
Shandong Intco Recycling Resources Co Ltd
SHG:688087
|
$1.33 Billion |
|
SHANG.FOS.PHARM.GR.H YC 1
F:08HH
|
$1.32 Billion |
|
Hornbach Holding VZO O.N.
XETRA:HBH
|
$1.32 Billion |
|
Shinkong Insurance Co Ltd
TW:2850
|
$1.32 Billion |
|
Minda Corporation Limited
NSE:MINDACORP
|
$1.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Abacus Storage King's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,117,053,000 to 2,329,582,000, a change of 212,529,000 (10.0%).
- Net income of 289,045,000 contributed positively to equity growth.
- Dividend payments of 83,715,000 reduced retained earnings.
- Other comprehensive income increased equity by 7,942,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$289.05 Million | +12.41% |
| Dividends Paid | AU$83.72 Million | -3.59% |
| Other Comprehensive Income | AU$7.94 Million | +0.34% |
| Other Changes | AU$-743.00K | -0.03% |
| Total Change | AU$- | 10.04% |
Book Value vs Market Value Analysis
This analysis compares Abacus Storage King'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: 0.80x
- 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 6.00x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.24 | AU$1.43 | x |
| 2022-06-30 | AU$0.28 | AU$1.43 | x |
| 2023-06-30 | AU$0.20 | AU$1.43 | x |
| 2024-06-30 | AU$1.61 | AU$1.43 | x |
| 2025-06-30 | AU$1.77 | AU$1.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Abacus Storage King 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): 12.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 117.28%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.55x
- Recent ROE (12.41%) is above the historical average (12.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 16.42% | 25.37% | 0.28x | 2.33x | AU$11.30 Million |
| 2022 | 17.49% | 25.07% | 0.30x | 2.32x | AU$18.02 Million |
| 2023 | 7.90% | 10.25% | 0.39x | 1.96x | AU$-5.50 Million |
| 2024 | 6.53% | 62.68% | 0.07x | 1.53x | AU$-73.52 Million |
| 2025 | 12.41% | 117.28% | 0.07x | 1.55x | AU$56.09 Million |
Industry Comparison
This section compares Abacus Storage King's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $383,104,500
- Average return on equity (ROE) among peers: 6.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Abacus Storage King (ASK) | AU$2.35 Billion | 16.42% | 0.58x | $1.32 Billion |
| BWP Trust (BWP) | $973.96 Million | 7.18% | 0.37x | $2.02 Billion |
| Centuria Industrial REIT (CIP) | $108.94 Million | -4.63% | 1.71x | $1.33 Billion |
| Dexus Industria REIT (DXI) | $419.36 Million | 24.24% | 0.53x | $558.98 Million |
| National Storage REIT (NSR) | $30.15 Million | 0.00% | 6.35x | $2.77 Billion |
About Abacus Storage King
Abacus Storage King owns, operates, and manages a self-storage operating platform in Australia and New Zealand. The company is headquartered in Sydney, Australia.