GO2 People Ltd (GO2) - Net Assets
Based on the latest financial reports, GO2 People Ltd (GO2) has net assets worth AU$11.71K AUD (≈ $8.29K USD) as of December 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$14.40K ≈ $10.19K USD) and total liabilities (AU$2.69K ≈ $1.90K 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 GO2 People Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$11.71K |
| % of Total Assets | 81.33% |
| Annual Growth Rate | N/A |
| 5-Year Change | -1062.65% |
| 10-Year Change | N/A |
| Growth Volatility | 5208.98 |
GO2 People Ltd - Net Assets Trend (2015–2023)
This chart illustrates how GO2 People Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is GO2 People Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for GO2 People Ltd (2015–2023)
The table below shows the annual net assets of GO2 People Ltd from 2015 to 2023. For live valuation and market cap data, see GO2 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | AU$-13.04 Million ≈ $-9.23 Million |
-15260.38% |
| 2022-06-30 | AU$86.00K ≈ $60.85K |
-98.01% |
| 2021-06-30 | AU$4.33 Million ≈ $3.07 Million |
+3276.05% |
| 2020-06-30 | AU$-136.40K ≈ $-96.51K |
-110.07% |
| 2019-06-30 | AU$1.35 Million ≈ $958.31K |
-72.44% |
| 2018-06-30 | AU$4.91 Million ≈ $3.48 Million |
-45.04% |
| 2017-06-30 | AU$8.94 Million ≈ $6.33 Million |
0.00% |
| 2017-04-30 | AU$8.94 Million ≈ $6.33 Million |
+2375.62% |
| 2016-06-30 | AU$361.20K ≈ $255.57K |
+97.44% |
| 2015-06-30 | AU$182.95K ≈ $129.45K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to GO2 People 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 20859.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$24.92 Million | % |
| Total Equity | AU$-13.04 Million | 100.00% |
GO2 People Ltd Competitors by Market Cap
The table below lists competitors of GO2 People Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beyon 3D Ltd
TA:BYON
|
$1.40 Million |
|
FNP Technologies SA
PA:MLFNP
|
$1.40 Million |
|
Dialight plc
LSE:DIA
|
$1.40 Million |
|
Charles & Colvard Ltd
NASDAQ:CTHR
|
$1.41 Million |
|
Cleghorn Minerals Ltd
V:CZZ
|
$1.40 Million |
|
Generation Income Properties Inc
NASDAQ:GIPR
|
$1.40 Million |
|
True North Gems Inc
V:TGX
|
$1.40 Million |
|
NSJ GOLD CORP.
F:9PZ
|
$1.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GO2 People Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 86,000 to -13,037,927, a change of -13,123,927 (-15260.4%).
- Net loss of 1,516,056 reduced equity.
- New share issuances of 327,000 increased equity.
- Other factors decreased equity by 11,934,871.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.52 Million | -11.63% |
| Share Issuances | AU$327.00K | +2.51% |
| Other Changes | AU$-11.93 Million | -91.54% |
| Total Change | AU$- | -15260.38% |
Book Value vs Market Value Analysis
This analysis compares GO2 People 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | AU$44.24 | AU$0.67 | x |
| 2018-06-30 | AU$2.24 | AU$0.67 | x |
| 2019-06-30 | AU$0.52 | AU$0.67 | x |
| 2020-06-30 | AU$-0.05 | AU$0.67 | x |
| 2021-06-30 | AU$1.21 | AU$0.67 | x |
| 2022-06-30 | AU$0.01 | AU$0.67 | x |
| 2023-06-30 | AU$-1.54 | AU$0.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GO2 People Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-718.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -265.72% | -2.34% | 2.88x | 39.46x | AU$-504.42K |
| 2016 | 319.35% | 3.01% | 4.16x | 25.50x | AU$1.12 Million |
| 2017 | -33.15% | -8.51% | 2.11x | 1.85x | AU$-3.86 Million |
| 2018 | -27.34% | -3.01% | 2.56x | 3.55x | AU$-1.84 Million |
| 2019 | -156.69% | -4.60% | 3.71x | 9.18x | AU$-2.26 Million |
| 2020 | 0.00% | -9.56% | 3.83x | 0.00x | AU$-2.77 Million |
| 2021 | -73.66% | -10.75% | 0.98x | 7.02x | AU$-3.62 Million |
| 2022 | -6229.07% | -7.27% | 2.48x | 345.71x | AU$-5.37 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-212.26K |
Industry Comparison
This section compares GO2 People 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: $60,205,135
- Average return on equity (ROE) among peers: 29.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GO2 People Ltd (GO2) | AU$11.71K | -265.72% | 0.23x | $1.40 Million |
| Ashley Services Group Ltd (ASH) | $34.27 Million | 31.50% | 2.28x | $19.62 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 GO2 People Ltd
The GO2 People Limited does not have significant operations. It was previously engaged in recruitment and training services in Australia. The company was incorporated in 2016 and is headquartered in Forrestfield, Australia.