Hitech Group Australia Ltd
HiTech Group Australia Limited provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia. The company's ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects. It offers personnel services… Read more
Hitech Group Australia Ltd (HIT) - Net Assets
Latest net assets as of June 2025: AU$11.57 Million AUD
Based on the latest financial reports, Hitech Group Australia Ltd (HIT) has net assets worth AU$11.57 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$18.17 Million) and total liabilities (AU$6.60 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$11.57 Million |
| % of Total Assets | 63.67% |
| Annual Growth Rate | 5.14% |
| 5-Year Change | 83.08% |
| 10-Year Change | 94.32% |
| Growth Volatility | 20.4 |
Hitech Group Australia Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Hitech Group Australia 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 Hitech Group Australia Ltd (1999–2025)
The table below shows the annual net assets of Hitech Group Australia Ltd from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$11.57 Million | +22.84% |
| 2024-06-30 | AU$9.42 Million | +23.81% |
| 2023-06-30 | AU$7.61 Million | +2.34% |
| 2022-06-30 | AU$7.43 Million | +17.63% |
| 2021-06-30 | AU$6.32 Million | -9.57% |
| 2020-06-30 | AU$6.99 Million | -3.83% |
| 2019-06-30 | AU$7.27 Million | -1.97% |
| 2018-06-30 | AU$7.41 Million | +11.21% |
| 2017-06-30 | AU$6.66 Million | +11.94% |
| 2016-06-30 | AU$5.95 Million | +58.79% |
| 2015-06-30 | AU$3.75 Million | +27.52% |
| 2014-06-30 | AU$2.94 Million | -9.31% |
| 2013-06-30 | AU$3.24 Million | +5.39% |
| 2012-06-30 | AU$3.08 Million | +22.09% |
| 2011-06-30 | AU$2.52 Million | +34.65% |
| 2010-06-30 | AU$1.87 Million | +7.89% |
| 2009-06-30 | AU$1.73 Million | -33.60% |
| 2008-06-30 | AU$2.61 Million | +12.14% |
| 2007-06-30 | AU$2.33 Million | +13.80% |
| 2006-06-30 | AU$2.05 Million | +2.81% |
| 2005-06-30 | AU$1.99 Million | +0.01% |
| 2004-06-30 | AU$1.99 Million | +7.84% |
| 2003-06-30 | AU$1.85 Million | -45.59% |
| 2002-06-30 | AU$3.39 Million | -17.35% |
| 2001-06-30 | AU$4.11 Million | +17.23% |
| 2000-06-30 | AU$3.50 Million | +11.56% |
| 1999-06-30 | AU$3.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hitech Group Australia 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 grown by 693257700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$6.93 Million | 59.92% |
| Common Stock | AU$4.45 Million | 38.47% |
| Other Comprehensive Income | AU$185.64K | 1.60% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$11.57 Million | 100.00% |
Hitech Group Australia Ltd Competitors by Market Cap
The table below lists competitors of Hitech Group Australia Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Infobird Co Ltd
NASDAQ:IFBD
|
$8.15 Million |
|
VD ASSUR HLDG N -B- (VAHB.SG)
STU:VAHB
|
$8.15 Million |
|
Rodrigo Tekstil Sanayi ve Ticaret AS
IS:RODRG
|
$8.15 Million |
|
Cuhadaroglu Metal Sanayi ve Pazarlama AS
IS:CUSAN
|
$8.15 Million |
|
Post and Telecommunications Investment and Construction JSC
VN:PTC
|
$8.13 Million |
|
Sarawak Consolidated Industries Bhd
KLSE:9237
|
$8.13 Million |
|
iAnthus Capital Holdings Inc
PINK:ITHUF
|
$8.12 Million |
|
REG.HEALTH.PROP.INC.
F:2YZ
|
$8.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hitech Group Australia Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,418,180 to 11,568,928, a change of 2,150,748 (22.8%).
- Net income of 6,380,747 contributed positively to equity growth.
- Dividend payments of 4,230,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$6.38 Million | +55.15% |
| Dividends Paid | AU$4.23 Million | -36.56% |
| Other Comprehensive Income | AU$-1.00 | -0.0% |
| Other Changes | AU$2.00 | +0.0% |
| Total Change | AU$- | 22.84% |
Book Value vs Market Value Analysis
This analysis compares Hitech Group Australia 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: 5.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.25x to 5.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-06-30 | AU$0.10 | AU$1.40 | x |
| 2000-06-30 | AU$0.11 | AU$1.40 | x |
| 2001-06-30 | AU$0.13 | AU$1.40 | x |
| 2002-06-30 | AU$0.11 | AU$1.40 | x |
| 2003-06-30 | AU$0.06 | AU$1.40 | x |
| 2004-06-30 | AU$0.06 | AU$1.40 | x |
| 2005-06-30 | AU$0.06 | AU$1.40 | x |
| 2006-06-30 | AU$0.07 | AU$1.40 | x |
| 2007-06-30 | AU$0.07 | AU$1.40 | x |
| 2008-06-30 | AU$0.08 | AU$1.40 | x |
| 2009-06-30 | AU$0.06 | AU$1.40 | x |
| 2010-06-30 | AU$0.06 | AU$1.40 | x |
| 2011-06-30 | AU$0.08 | AU$1.40 | x |
| 2012-06-30 | AU$0.10 | AU$1.40 | x |
| 2013-06-30 | AU$0.10 | AU$1.40 | x |
| 2014-06-30 | AU$0.09 | AU$1.40 | x |
| 2015-06-30 | AU$0.12 | AU$1.40 | x |
| 2016-06-30 | AU$0.19 | AU$1.40 | x |
| 2017-06-30 | AU$0.19 | AU$1.40 | x |
| 2018-06-30 | AU$0.21 | AU$1.40 | x |
| 2019-06-30 | AU$0.19 | AU$1.40 | x |
| 2020-06-30 | AU$0.18 | AU$1.40 | x |
| 2021-06-30 | AU$0.16 | AU$1.40 | x |
| 2022-06-30 | AU$0.18 | AU$1.40 | x |
| 2023-06-30 | AU$0.18 | AU$1.40 | x |
| 2024-06-30 | AU$0.22 | AU$1.40 | x |
| 2025-06-30 | AU$0.27 | AU$1.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hitech Group Australia 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): 55.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.42%
- • Asset Turnover: 3.73x
- • Equity Multiplier: 1.57x
- Recent ROE (55.15%) is above the historical average (21.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 36.26% | 11.10% | 2.23x | 1.46x | AU$919.80K |
| 2001 | 44.94% | 17.85% | 1.26x | 2.00x | AU$1.43 Million |
| 2002 | -1.73% | -0.93% | 1.01x | 1.84x | AU$-398.13K |
| 2003 | -71.23% | -32.13% | 0.98x | 2.26x | AU$-1.50 Million |
| 2004 | 7.27% | 2.95% | 2.14x | 1.15x | AU$-54.36K |
| 2005 | 0.01% | 0.01% | 1.89x | 1.18x | AU$-198.87K |
| 2006 | 1.19% | 0.51% | 1.89x | 1.24x | AU$-180.27K |
| 2007 | 11.19% | 5.19% | 1.70x | 1.27x | AU$27.77K |
| 2008 | 8.34% | 4.33% | 1.70x | 1.13x | AU$-43.33K |
| 2009 | -58.86% | -18.10% | 2.64x | 1.23x | AU$-1.19 Million |
| 2010 | 7.31% | 2.49% | 2.33x | 1.26x | AU$-50.36K |
| 2011 | 25.73% | 7.41% | 2.71x | 1.28x | AU$396.43K |
| 2012 | 18.10% | 5.81% | 2.68x | 1.16x | AU$249.06K |
| 2013 | 5.07% | 2.25% | 1.97x | 1.15x | AU$-159.71K |
| 2014 | -5.14% | -1.89% | 1.64x | 1.65x | AU$-445.03K |
| 2015 | 21.54% | 5.37% | 2.73x | 1.47x | AU$432.77K |
| 2016 | 36.48% | 11.88% | 2.22x | 1.38x | AU$1.58 Million |
| 2017 | 34.66% | 9.90% | 2.80x | 1.25x | AU$1.64 Million |
| 2018 | 34.66% | 9.75% | 2.77x | 1.28x | AU$1.83 Million |
| 2019 | 39.88% | 9.58% | 3.26x | 1.28x | AU$2.17 Million |
| 2020 | 47.74% | 10.00% | 3.00x | 1.59x | AU$2.64 Million |
| 2021 | 57.56% | 8.65% | 3.79x | 1.76x | AU$3.01 Million |
| 2022 | 59.25% | 6.99% | 4.85x | 1.75x | AU$3.66 Million |
| 2023 | 71.49% | 7.31% | 4.84x | 2.02x | AU$4.68 Million |
| 2024 | 64.04% | 9.51% | 3.67x | 1.83x | AU$5.09 Million |
| 2025 | 55.15% | 9.42% | 3.73x | 1.57x | AU$5.22 Million |
Industry Comparison
This section compares Hitech Group Australia 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: $76,017,390
- Average return on equity (ROE) among peers: -48.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hitech Group Australia Ltd (HIT) | AU$11.57 Million | 36.26% | 0.57x | $8.14 Million |
| Ashley Services Group Ltd (ASH) | $335.04 Million | 3.46% | 0.80x | $6.04 Million |
| GO2 People Ltd (GO2) | $1.35 Million | -156.69% | 8.18x | $734.82K |
| Hiremii Ltd (HMI) | $1.24 Million | -124.01% | 3.77x | $994.30K |
| Ignite Ltd (IGN) | $24.53 Million | -46.17% | 0.92x | $1.77 Million |
| Mcmillan Shakespeare Ltd (MMS) | $57.40 Million | 35.75% | 0.30x | $491.30 Million |
| Peoplein Ltd (PPE) | $36.53 Million | -5.74% | 0.73x | $38.45 Million |