Hitech Group Australia Ltd (HIT) - Net Assets

Latest as of June 2025: AU$11.57 Million AUD ≈ $8.19 Million USD

Based on the latest financial reports, Hitech Group Australia Ltd (HIT) has net assets worth AU$11.57 Million AUD (≈ $8.19 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$18.17 Million ≈ $12.86 Million USD) and total liabilities (AU$6.60 Million ≈ $4.67 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 HIT cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Hitech Group Australia Ltd assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Hitech Group Australia Ltd.

Year Net Assets Change
2025-06-30 AU$11.57 Million
≈ $8.19 Million		 +22.84%
2024-06-30 AU$9.42 Million
≈ $6.66 Million		 +23.81%
2023-06-30 AU$7.61 Million
≈ $5.38 Million		 +2.34%
2022-06-30 AU$7.43 Million
≈ $5.26 Million		 +17.63%
2021-06-30 AU$6.32 Million
≈ $4.47 Million		 -9.57%
2020-06-30 AU$6.99 Million
≈ $4.94 Million		 -3.83%
2019-06-30 AU$7.27 Million
≈ $5.14 Million		 -1.97%
2018-06-30 AU$7.41 Million
≈ $5.24 Million		 +11.21%
2017-06-30 AU$6.66 Million
≈ $4.72 Million		 +11.94%
2016-06-30 AU$5.95 Million
≈ $4.21 Million		 +58.79%
2015-06-30 AU$3.75 Million
≈ $2.65 Million		 +27.52%
2014-06-30 AU$2.94 Million
≈ $2.08 Million		 -9.31%
2013-06-30 AU$3.24 Million
≈ $2.29 Million		 +5.39%
2012-06-30 AU$3.08 Million
≈ $2.18 Million		 +22.09%
2011-06-30 AU$2.52 Million
≈ $1.78 Million		 +34.65%
2010-06-30 AU$1.87 Million
≈ $1.32 Million		 +7.89%
2009-06-30 AU$1.73 Million
≈ $1.23 Million		 -33.60%
2008-06-30 AU$2.61 Million
≈ $1.85 Million		 +12.14%
2007-06-30 AU$2.33 Million
≈ $1.65 Million		 +13.80%
2006-06-30 AU$2.05 Million
≈ $1.45 Million		 +2.81%
2005-06-30 AU$1.99 Million
≈ $1.41 Million		 +0.01%
2004-06-30 AU$1.99 Million
≈ $1.41 Million		 +7.84%
2003-06-30 AU$1.85 Million
≈ $1.31 Million		 -45.59%
2002-06-30 AU$3.39 Million
≈ $2.40 Million		 -17.35%
2001-06-30 AU$4.11 Million
≈ $2.90 Million		 +17.23%
2000-06-30 AU$3.50 Million
≈ $2.48 Million		 +11.56%
1999-06-30 AU$3.14 Million
≈ $2.22 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
Adex Mining Inc
V:ADE
 $27.09 Million
Samhwa Networks Co. Ltd
KQ:046390
 $27.09 Million
Oka Corporation Bhd
KLSE:7140
 $27.11 Million
YOC AG
F:YOC
 $27.15 Million
Rein Therapeutics Inc
NASDAQ:RNTX
 $27.07 Million
Enra Group Bhd
KLSE:8613
 $27.06 Million
Q Capital Partners Co. Ltd
KQ:016600
 $27.06 Million
Indo-National Limited
NSE:NIPPOBATRY
 $27.06 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: 3.31x
  • 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 9.21x to 3.31x 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$0.91 x
2000-06-30 AU$0.11 AU$0.91 x
2001-06-30 AU$0.13 AU$0.91 x
2002-06-30 AU$0.11 AU$0.91 x
2003-06-30 AU$0.06 AU$0.91 x
2004-06-30 AU$0.06 AU$0.91 x
2005-06-30 AU$0.06 AU$0.91 x
2006-06-30 AU$0.07 AU$0.91 x
2007-06-30 AU$0.07 AU$0.91 x
2008-06-30 AU$0.08 AU$0.91 x
2009-06-30 AU$0.06 AU$0.91 x
2010-06-30 AU$0.06 AU$0.91 x
2011-06-30 AU$0.08 AU$0.91 x
2012-06-30 AU$0.10 AU$0.91 x
2013-06-30 AU$0.10 AU$0.91 x
2014-06-30 AU$0.09 AU$0.91 x
2015-06-30 AU$0.12 AU$0.91 x
2016-06-30 AU$0.19 AU$0.91 x
2017-06-30 AU$0.19 AU$0.91 x
2018-06-30 AU$0.21 AU$0.91 x
2019-06-30 AU$0.19 AU$0.91 x
2020-06-30 AU$0.18 AU$0.91 x
2021-06-30 AU$0.16 AU$0.91 x
2022-06-30 AU$0.18 AU$0.91 x
2023-06-30 AU$0.18 AU$0.91 x
2024-06-30 AU$0.22 AU$0.91 x
2025-06-30 AU$0.27 AU$0.91 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: $59,913,483
  • Average return on equity (ROE) among peers: 19.38%

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 $27.09 Million
Ashley Services Group Ltd (ASH) $34.27 Million 31.50% 2.28x $19.62 Million
GO2 People Ltd (GO2) $4.91 Million -27.34% 2.55x $1.40 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 Hitech Group Australia Ltd

AU:HIT Australia Staffing & Employment Services
Market Cap
$27.09 Million
AU$38.28 Million AUD
Market Cap Rank
#24044 Global
#980 in Australia
Share Price
AU$0.91
Change (1 day)
-4.74%
52-Week Range
AU$0.91 - AU$2.00
All Time High
AU$2.28
Categories
Companies in Australia Staffing & Employment Services
About

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