Butn Ltd
Butn Limited provides transactional funding to small and medium enterprises in Australia. The company provides Butn X, a solution that helps customers to get paid as soon as the goods and services are delivered with advanced payments; Butn Terms, a solution that enables organizations to outsource their accounts receivables; and Butn Pay, a solution to purchase goods and services instantly and cho… Read more
Butn Ltd (BTN) - Net Assets
Latest net assets as of June 2025: AU$12.14 Million AUD
Based on the latest financial reports, Butn Ltd (BTN) has net assets worth AU$12.14 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$107.54 Million) and total liabilities (AU$95.39 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$12.14 Million |
| % of Total Assets | 11.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | 237.68% |
| 10-Year Change | N/A |
| Growth Volatility | 178.86 |
Butn Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Butn 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 Butn Ltd (2018–2024)
The table below shows the annual net assets of Butn Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$12.14 Million | +49.81% |
| 2023-12-31 | AU$8.11 Million | -48.16% |
| 2022-12-31 | AU$15.64 Million | -13.23% |
| 2021-12-31 | AU$18.02 Million | +401.16% |
| 2020-12-31 | AU$3.60 Million | +496.46% |
| 2019-12-31 | AU$-907.04K | -373168.31% |
| 2018-12-31 | AU$-243.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Butn 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 3580444000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$46.37 Million | 381.82% |
| Other Comprehensive Income | AU$1.58 Million | 13.03% |
| Total Equity | AU$12.14 Million | 100.00% |
Butn Ltd Competitors by Market Cap
The table below lists competitors of Butn Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Invibes Advertising NV
PA:ALINV
|
$3.14 Million |
|
EMC Public Company Limited
BK:EMC
|
$3.14 Million |
|
SKAGEN Global A
CO:SKIGLO
|
$3.15 Million |
|
Flexdeal Simfe S.A.
LS:FLEXD
|
$3.15 Million |
|
Sapura Industrial Bhd
KLSE:7811
|
$3.14 Million |
|
SKRR Exploration Inc
PINK:SKKRF
|
$3.14 Million |
|
HAYAF
OTCQB:HAYAF
|
$3.14 Million |
|
Plato Gold Corp
OTCQB:NIOVF
|
$3.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Butn Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,106,022 to 12,143,369, a change of 4,037,347 (49.8%).
- Net loss of 2,661,558 reduced equity.
- Share repurchases of 385,099 reduced equity.
- New share issuances of 6,983,614 increased equity.
- Other comprehensive income increased equity by 100,390.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.66 Million | -21.92% |
| Share Repurchases | AU$385.10K | -3.17% |
| Share Issuances | AU$6.98 Million | +57.51% |
| Other Comprehensive Income | AU$100.39K | +0.83% |
| Total Change | AU$- | 49.81% |
Book Value vs Market Value Analysis
This analysis compares Butn 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: 0.86x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.00 | AU$0.04 | x |
| 2019-12-31 | AU$-0.01 | AU$0.04 | x |
| 2020-12-31 | AU$0.02 | AU$0.04 | x |
| 2021-12-31 | AU$0.11 | AU$0.04 | x |
| 2022-12-31 | AU$0.09 | AU$0.04 | x |
| 2023-12-31 | AU$0.04 | AU$0.04 | x |
| 2024-12-31 | AU$0.04 | AU$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Butn Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -797.22%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 8.86x
- Recent ROE (-21.92%) is above the historical average (-58.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -5.76% | 30196.26x | 0.00x | AU$-185.98K |
| 2019 | 0.00% | -7.72% | 0.11x | 0.00x | AU$-268.30K |
| 2020 | -146.21% | -115.57% | 0.09x | 14.82x | AU$-5.62 Million |
| 2021 | -48.07% | -159.87% | 0.07x | 4.32x | AU$-10.47 Million |
| 2022 | -41.77% | -55.10% | 0.12x | 6.33x | AU$-8.10 Million |
| 2023 | -152.13% | -91.41% | 0.15x | 11.26x | AU$-13.14 Million |
| 2024 | -21.92% | -797.22% | 0.00x | 8.86x | AU$-3.88 Million |
Industry Comparison
This section compares Butn Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $373,955,910
- Average return on equity (ROE) among peers: 7.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Butn Ltd (BTN) | AU$12.14 Million | 0.00% | 7.86x | $3.14 Million |
| Earlypay Ltd (EPY) | $73.48 Million | -10.54% | 3.90x | $16.78 Million |
| FSA Group Ltd (FSA) | $76.76 Million | 13.88% | 3.90x | $26.38 Million |
| Harmoney Corp Ltd (HMY) | $37.13 Million | 14.86% | 24.46x | $21.78 Million |
| Humm Group Ltd (HUM) | $364.58 Million | 18.06% | 2.99x | $98.09 Million |
| Lawfinance Ltd (LAW) | $9.11 Million | 3.15% | 0.11x | $121.26K |
| Liberty Financial Group (LFG) | $1.19 Billion | 11.23% | 12.61x | $129.94 Million |
| Latitude Group Holdings Ltd (LFS) | $1.57 Billion | 10.28% | 4.12x | $305.96 Million |
| Moneyme Ltd (MME) | $46.85 Million | 2.77% | 2.56x | $23.29 Million |
| Propell Holdings Ltd (PHL) | $-845.24K | 0.00% | 0.00x | $494.63K |