Hitek Global Inc.
Hitek Global Inc., through its subsidiaries, provides information technology (IT) consulting and solutions services to small and medium, and large businesses in China. The company offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers,… Read more
Hitek Global Inc. (4JX) - Net Assets
Latest net assets as of December 2024: €35.27 Million EUR
Based on the latest financial reports, Hitek Global Inc. (4JX) has net assets worth €35.27 Million EUR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€41.54 Million) and total liabilities (€6.27 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 | €35.27 Million |
| % of Total Assets | 84.91% |
| Annual Growth Rate | 39.02% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 45.97 |
Hitek Global Inc. - Net Assets Trend (2021–2024)
This chart illustrates how Hitek Global Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hitek Global Inc. (2021–2024)
The table below shows the annual net assets of Hitek Global Inc. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €35.27 Million | +24.48% |
| 2023-12-31 | €28.34 Million | +109.50% |
| 2022-12-31 | €13.53 Million | +3.05% |
| 2021-12-31 | €13.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hitek Global Inc.'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 16.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €10.49 Million | 29.74% |
| Other Components | €24.78 Million | 70.26% |
| Total Equity | €35.27 Million | 100.00% |
Hitek Global Inc. Competitors by Market Cap
The table below lists competitors of Hitek Global Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grace Breeding Ltd
TA:GRAC
|
$4.96 Million |
|
Jocil Limited
NSE:JOCIL
|
$4.96 Million |
|
INDICE SETORIAL DE CONSUMO
SA:ICON
|
$4.96 Million |
|
Novita S.A.
WAR:NVT
|
$4.96 Million |
|
General Engineering Public Company Limited
BK:GEL
|
$4.96 Million |
|
Resource Mining Corporation Ltd
AU:RMI
|
$4.96 Million |
|
Ming Shing Group Holdings Limited Ordinary Shares
NASDAQ:MSW
|
$4.96 Million |
|
GELSENWASSER - Dusseldorf Stock Exchang
DU:WWG
|
$4.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hitek Global Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,337,586 to 35,274,920, a change of 6,937,334 (24.5%).
- Net loss of 896,690 reduced equity.
- New share issuances of 8,200,000 increased equity.
- Other factors decreased equity by 365,976.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-896.69K | -2.54% |
| Share Issuances | €8.20 Million | +23.25% |
| Other Changes | €-365.98K | -1.04% |
| Total Change | €- | 24.48% |
Book Value vs Market Value Analysis
This analysis compares Hitek Global Inc.'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: 0.69x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €1.19 | €0.83 | x |
| 2022-12-31 | €1.23 | €0.83 | x |
| 2023-12-31 | €1.97 | €0.83 | x |
| 2024-12-31 | €1.20 | €0.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hitek Global Inc. 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): -2.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.87%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.18x
- Recent ROE (-2.54%) is below the historical average (6.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 12.72% | 25.84% | 0.38x | 1.31x | €356.73K |
| 2022 | 10.47% | 22.02% | 0.30x | 1.57x | €63.09K |
| 2023 | 3.70% | 22.96% | 0.13x | 1.25x | €-1.79 Million |
| 2024 | -2.54% | -30.87% | 0.07x | 1.18x | €-4.42 Million |
Industry Comparison
This section compares Hitek Global Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $403,146,196
- Average return on equity (ROE) among peers: 0.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hitek Global Inc. (4JX) | €35.27 Million | 12.72% | 0.18x | $4.96 Million |
| Growens S.p.A. (0MU) | $56.87 Million | 102.36% | 0.45x | $22.92K |
| Patriot One Technologies Inc (0PL) | $33.53 Million | -35.74% | 0.02x | $58.49 Million |
| Paycom Soft (0PY) | $1.18 Billion | 23.79% | 2.30x | $5.38 Billion |
| innoscripta SE (1INN) | $35.15 Million | 71.39% | 0.67x | $124.83 Million |
| Nextech3D.AI Corporation (1SS) | $13.13 Million | -208.54% | 0.31x | $13.92 Million |
| WEIMOB INC. DL-0001 (36W) | $1.99 Billion | 15.68% | 0.66x | $647.04 Million |
| Modelon AB (publ) (3VM) | $173.11 Million | -16.46% | 0.23x | $7.36 Million |
| Envirosuite Limited (57P) | $127.30 Million | -9.82% | 0.18x | $39.98 Million |
| JanOne Inc (5AR1) | $16.82 Million | 65.36% | 1.78x | $133.90 Million |