Perpetual Credit Income Trust (PCI) - Net Assets

Latest as of June 2025: AU$532.80 Million AUD ≈ $376.99 Million USD

Based on the latest financial reports, Perpetual Credit Income Trust (PCI) has net assets worth AU$532.80 Million AUD (≈ $376.99 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$537.24 Million ≈ $380.13 Million USD) and total liabilities (AU$4.44 Million ≈ $3.14 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 how resilient are Perpetual Credit Income Trust's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$532.80 Million
% of Total Assets	99.17%
Annual Growth Rate	3.19%
5-Year Change	19.6%
10-Year Change	N/A
Growth Volatility	8.21

Perpetual Credit Income Trust - Net Assets Trend (2018–2024)

This chart illustrates how Perpetual Credit Income Trust's net assets have evolved over time, based on quarterly financial data. Also explore PCI total assets for the complete picture of this company's asset base.

Annual Net Assets for Perpetual Credit Income Trust (2018–2024)

The table below shows the annual net assets of Perpetual Credit Income Trust from 2018 to 2024. For live valuation and market cap data, see PCI market cap.

Year	Net Assets	Change
2024-12-31	AU$532.80 Million ≈ $376.99 Million	+20.71%
2023-12-31	AU$441.39 Million ≈ $312.31 Million	+1.61%
2022-12-31	AU$434.38 Million ≈ $307.35 Million	+0.66%
2021-12-31	AU$431.52 Million ≈ $305.33 Million	-3.13%
2020-12-31	AU$445.48 Million ≈ $315.20 Million	+4.77%
2019-12-31	AU$425.19 Million ≈ $300.85 Million	-3.64%
2018-12-31	AU$441.23 Million ≈ $312.20 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Perpetual Credit Income Trust'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	AU$532.80 Million	100.00%
Total Equity	AU$532.80 Million	100.00%

Perpetual Credit Income Trust Competitors by Market Cap

The table below lists competitors of Perpetual Credit Income Trust ranked by their market capitalization.

Company	Market Cap
Jiangsu Nanfang Medical SHG:603880	$315.10 Million
Sesoda Corp TW:1708	$315.37 Million
Kung Long Batteries Industrial Co Ltd TW:1537	$315.42 Million
Hubtown Limited NSE:HUBTOWN	$315.44 Million
Spire Global Inc NYSE:SPIR	$314.78 Million
Alico Inc NASDAQ:ALCO	$314.69 Million
Precious Shipping Public Company Limited BK:PSL	$314.68 Million
P-Duke Technology Co Ltd TWO:8109	$314.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Perpetual Credit Income Trust's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 441,392,000 to 532,798,000, a change of 91,406,000 (20.7%).
Net income of 37,550,000 contributed positively to equity growth.
Dividend payments of 41,066,000 reduced retained earnings.
Other factors increased equity by 94,922,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	AU$37.55 Million	+7.05%
Dividends Paid	AU$41.07 Million	-7.71%
Other Changes	AU$94.92 Million	+17.82%
Total Change	AU$-	20.71%

Book Value vs Market Value Analysis

This analysis compares Perpetual Credit Income Trust'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: 1.03x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2018-12-31	AU$1.10	AU$1.11	x
2019-12-31	AU$1.06	AU$1.11	x
2020-12-31	AU$1.11	AU$1.11	x
2021-12-31	AU$1.08	AU$1.11	x
2022-12-31	AU$1.07	AU$1.11	x
2023-12-31	AU$1.08	AU$1.11	x
2024-12-31	AU$1.08	AU$1.11	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Perpetual Credit Income Trust 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): 7.05%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 88.87%
• Asset Turnover: 0.08x
• Equity Multiplier: 1.01x
Recent ROE (7.05%) is above the historical average (4.67%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2018	0.36%	71.27%	0.00x	1.01x	AU$-42.55 Million
2019	0.15%	12.68%	0.01x	1.02x	AU$-41.88 Million
2020	7.78%	89.04%	0.09x	1.02x	AU$-9.89 Million
2021	0.75%	45.51%	0.02x	1.02x	AU$-39.94 Million
2022	6.99%	88.43%	0.08x	1.01x	AU$-13.06 Million
2023	9.59%	91.53%	0.10x	1.02x	AU$-1.82 Million
2024	7.05%	88.87%	0.08x	1.01x	AU$-15.73 Million

Industry Comparison

This section compares Perpetual Credit Income Trust's net assets metrics with peer companies in the same industry.

Industry Context

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Perpetual Credit Income Trust (PCI)	AU$532.80 Million	0.36%	0.01x	$314.92 Million
Ordinary Fully Paid Deferred Settlement (88EDA)	$131.68 Million	-53.71%	0.01x	$18.83 Million
Ordinary Fully Paid Deferred Settlement (BCNDA)	$62.29 Million	8.39%	0.41x	$14.69K
PATRYS Ltd (PAB)	$732.87K	-411.16%	1.37x	$6.99 Million
Regal Investment Fund (RF1)	$342.96 Million	50.99%	1.48x	$484.25 Million
Regal Partners Global Investments Limited (RG1)	$643.12 Million	9.97%	0.34x	$15.74K
Rivco Australia Ltd (RIV)	$192.59 Million	3.29%	0.69x	$9.79K
Touch Ventures Ltd (TVL)	$216.00K	-1676.39%	8.01x	$35.33 Million
Vgi Partners Global Investments Ltd (VG1)	$983.93 Million	15.64%	0.70x	$716.93 Million
Victory Metals Ltd (VTM)	$10.49 Million	-18.21%	0.05x	$17.50 Million

About Perpetual Credit Income Trust

AU:PCI Australia

Market Cap

$314.92 Million

AU$445.07 Million AUD

Market Cap Rank

#14760 Global

#388 in Australia

Share Price

AU$1.11

Change (1 day)

-0.45%

52-Week Range

AU$1.10 - AU$1.23

All Time High

AU$1.23