Readytech Holdings Ltd
ReadyTech Holdings Limited provides technology-based solutions in Australia and New Zealand, the United Kingdom, and the United States of America. It operates in three segments: Education and Work Pathways; Workforce Solutions; and Government Justice and Procurement. The Education and Work Pathways segment offers cloud-based student and learning management systems for education and training provi… Read more
Readytech Holdings Ltd (RDY) - Net Assets
Latest net assets as of December 2025: AU$138.77 Million AUD
Based on the latest financial reports, Readytech Holdings Ltd (RDY) has net assets worth AU$138.77 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$246.30 Million) and total liabilities (AU$107.53 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$138.77 Million |
| % of Total Assets | 56.34% |
| Annual Growth Rate | 56.1% |
| 5-Year Change | 88.42% |
| 10-Year Change | N/A |
| Growth Volatility | 244.57 |
Readytech Holdings Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Readytech Holdings 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 Readytech Holdings Ltd (2016–2025)
The table below shows the annual net assets of Readytech Holdings Ltd from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$141.50 Million | -6.42% |
| 2024-06-30 | AU$151.21 Million | +17.90% |
| 2023-06-30 | AU$128.25 Million | +30.64% |
| 2022-06-30 | AU$98.17 Million | +30.73% |
| 2021-06-30 | AU$75.10 Million | +127.11% |
| 2020-06-30 | AU$33.07 Million | +13.20% |
| 2019-06-30 | AU$29.21 Million | +141.27% |
| 2018-06-30 | AU$12.11 Million | -47.42% |
| 2017-06-30 | AU$23.03 Million | +795.33% |
| 2016-06-30 | AU$2.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Readytech Holdings 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 176300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.76 Million | 1.25% |
| Common Stock | AU$221.88 Million | 156.80% |
| Other Comprehensive Income | AU$-82.14 Million | -58.05% |
| Total Equity | AU$141.50 Million | 100.00% |
Readytech Holdings Ltd Competitors by Market Cap
The table below lists competitors of Readytech Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M.I.TECH Co.Ltd
KQ:179290
|
$45.98 Million |
|
MS Autotech Co.Ltd
KQ:123040
|
$46.00 Million |
|
Pioneer Credit Ltd
AU:PNC
|
$46.00 Million |
|
Dynacons Systems & Solutions Limited
NSE:DSSL
|
$46.02 Million |
|
CORESTEM Inc
KQ:166480
|
$45.97 Million |
|
KOTON MAGAZACILIK
IS:KOTON
|
$45.97 Million |
|
Comtec Sys
KO:031820
|
$45.97 Million |
|
PRICELINE.COM
BE:PCE1
|
$45.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Readytech Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 151,209,000 to 141,501,000, a change of -9,708,000 (-6.4%).
- Net loss of 16,141,000 reduced equity.
- Other comprehensive income decreased equity by 3,613,000.
- Other factors increased equity by 10,046,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-16.14 Million | -11.41% |
| Other Comprehensive Income | AU$-3.61 Million | -2.55% |
| Other Changes | AU$10.05 Million | +7.1% |
| Total Change | AU$- | -6.42% |
Book Value vs Market Value Analysis
This analysis compares Readytech Holdings 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: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 38.11x to 1.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | AU$0.03 | AU$1.23 | x |
| 2017-06-30 | AU$0.29 | AU$1.23 | x |
| 2018-06-30 | AU$0.15 | AU$1.23 | x |
| 2019-06-30 | AU$0.27 | AU$1.23 | x |
| 2020-06-30 | AU$0.31 | AU$1.23 | x |
| 2021-06-30 | AU$0.70 | AU$1.23 | x |
| 2022-06-30 | AU$0.92 | AU$1.23 | x |
| 2023-06-30 | AU$1.13 | AU$1.23 | x |
| 2024-06-30 | AU$1.29 | AU$1.23 | x |
| 2025-06-30 | AU$1.17 | AU$1.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Readytech Holdings 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): -11.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.25%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.77x
- Recent ROE (-11.41%) is below the historical average (18.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 198.29% | 21.70% | 1.62x | 5.63x | AU$4.84 Million |
| 2017 | -4.63% | -18.93% | 0.11x | 2.18x | AU$-3.37 Million |
| 2018 | -21.23% | -10.03% | 0.41x | 5.21x | AU$-3.78 Million |
| 2019 | -5.10% | -4.56% | 0.47x | 2.39x | AU$-4.41 Million |
| 2020 | 11.92% | 10.04% | 0.46x | 2.60x | AU$636.30K |
| 2021 | 2.87% | 4.31% | 0.29x | 2.26x | AU$-5.35 Million |
| 2022 | 8.96% | 11.23% | 0.42x | 1.89x | AU$-1.02 Million |
| 2023 | 3.88% | 4.82% | 0.40x | 2.02x | AU$-7.85 Million |
| 2024 | 3.61% | 4.80% | 0.44x | 1.73x | AU$-9.66 Million |
| 2025 | -11.41% | -13.25% | 0.49x | 1.77x | AU$-30.29 Million |
Industry Comparison
This section compares Readytech Holdings Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $16,854,589
- Average return on equity (ROE) among peers: -153.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Readytech Holdings Ltd (RDY) | AU$138.77 Million | 198.29% | 0.77x | $45.98 Million |
| One Click Group Ltd (1CG) | $3.18 Million | -217.18% | 0.32x | $5.25 Million |
| Thrive Tribe Technologies Ltd (1TT) | $118.58K | -1191.23% | 2.04x | $300.18K |
| Pointerra Ltd (3DP) | $-405.80K | 0.00% | 0.00x | $12.42 Million |
| 8COMMON Ltd (8CO) | $6.31 Million | 6.08% | 0.27x | $1.47 Million |
| Adacel Tech Ltd (ADA) | $10.52 Million | 7.02% | 1.02x | $10.91 Million |
| Aeeris Ltd (AER) | $584.79K | -43.08% | 0.80x | $1.76 Million |
| Aerometrex Ltd (AMX) | $37.60 Million | -0.78% | 0.33x | $5.49 Million |
| Assetowl Ltd (AO1) | $2.71 Million | -52.24% | 0.05x | $577.74K |
| Bridge Saas Ltd (BGE) | $1.93 Million | -58.39% | 1.02x | $176.99K |
| Bravura Solutions Ltd (BVS) | $105.98 Million | 13.61% | 0.72x | $394.35 Million |