Trustco Group Holdings (TTO) - Net Assets

Latest as of December 2023: ZAC1.26 Billion ZAC ≈ $671.22K USD

Based on the latest financial reports, Trustco Group Holdings (TTO) has net assets worth ZAC1.26 Billion ZAC (≈ $671.22K USD) as of December 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC3.89 Billion ≈ $2.07 Million USD) and total liabilities (ZAC2.63 Billion ≈ $1.40 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 Trustco Group Holdings's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ZAC1.26 Billion
% of Total Assets	32.44%
Annual Growth Rate	11.2%
5-Year Change	-69.46%
10-Year Change	-5.83%
Growth Volatility	98.72

Trustco Group Holdings - Net Assets Trend (2009–2023)

This chart illustrates how Trustco Group Holdings's net assets have evolved over time, based on quarterly financial data. Also explore TTO asset base for the complete picture of this company's asset base.

Annual Net Assets for Trustco Group Holdings (2009–2023)

The table below shows the annual net assets of Trustco Group Holdings from 2009 to 2023. For live valuation and market cap data, see Trustco Group Holdings stock valuation.

Year	Net Assets	Change
2023-03-31	ZAC1.15 Billion ≈ $612.76K	-37.13%
2022-03-31	ZAC1.83 Billion ≈ $974.68K	+361.96%
2021-03-31	ZAC397.00 Million ≈ $210.99K	-90.33%
2020-03-31	ZAC4.10 Billion ≈ $2.18 Million	+8.73%
2019-03-31	ZAC3.77 Billion ≈ $2.01 Million	-9.39%
2018-03-31	ZAC4.17 Billion ≈ $2.21 Million	+67.15%
2017-03-31	ZAC2.49 Billion ≈ $1.32 Million	+13.86%
2016-03-31	ZAC2.19 Billion ≈ $1.16 Million	+41.21%
2015-03-31	ZAC1.55 Billion ≈ $823.83K	+26.61%
2014-03-31	ZAC1.22 Billion ≈ $650.68K	+26.47%
2013-03-31	ZAC968.13 Million ≈ $514.51K	+6.00%
2012-03-31	ZAC913.30 Million ≈ $485.37K	+35.80%
2011-03-31	ZAC672.54 Million ≈ $357.42K	+30.05%
2010-03-31	ZAC517.14 Million ≈ $274.84K	+98.26%
2009-03-31	ZAC260.84 Million ≈ $138.62K	--

Equity Component Analysis

This analysis shows how different components contribute to Trustco Group Holdings'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 231400000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2023)

Component	Amount	Percentage
Common Stock	ZAC227.00 Million	19.69%
Other Comprehensive Income	ZAC2.30 Billion	199.48%
Other Components	ZAC940.00 Million	81.53%
Total Equity	ZAC1.15 Billion	100.00%

Trustco Group Holdings Competitors by Market Cap

The table below lists competitors of Trustco Group Holdings ranked by their market capitalization.

Company	Market Cap
Ratu Prabu Energi Tbk JK:ARTI	$183.76K
Roquefort Investments PLC LSE:ROQ	$184.27K
CleanTech Lithium plc LSE:CTL	$185.19K
Northern Bear Plc LSE:NTBR	$185.84K
Sable Exploration and Mining Ltd JSE:SXM	$180.37K
Greenroc Mining PLC LSE:GROC	$180.09K
Ming Le Sports AG F:ML2	$179.96K
Power Metal Resources plc LSE:POW	$179.79K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Trustco Group Holdings's equity between the two most recent reporting periods.

Equity Growth Insights

From 2022 to 2023, total equity changed from 1,834,000,000 to 1,153,000,000, a change of -681,000,000 (-37.1%).
Net loss of 681,000,000 reduced equity.

Equity Change Factors (2022 to 2023)

Factor	Impact	Contribution
Net Income	ZAC-681.00 Million	-59.06%
Total Change	ZAC-	-37.13%

Book Value vs Market Value Analysis

This analysis compares Trustco Group Holdings'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: 0.26x
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.
The price-to-book ratio has decreased from 0.72x to 0.26x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-03-31	ZAC0.42	ZAC0.30	x
2010-03-31	ZAC0.76	ZAC0.30	x
2011-03-31	ZAC0.99	ZAC0.30	x
2012-03-31	ZAC1.33	ZAC0.30	x
2013-03-31	ZAC1.32	ZAC0.30	x
2014-03-31	ZAC1.62	ZAC0.30	x
2015-03-31	ZAC2.21	ZAC0.30	x
2016-03-31	ZAC2.87	ZAC0.30	x
2017-03-31	ZAC3.23	ZAC0.30	x
2018-03-31	ZAC4.89	ZAC0.30	x
2019-03-31	ZAC2.17	ZAC0.30	x
2020-03-31	ZAC3.00	ZAC0.30	x
2021-03-31	ZAC0.14	ZAC0.30	x
2022-03-31	ZAC1.86	ZAC0.30	x
2023-03-31	ZAC1.17	ZAC0.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Trustco Group Holdings 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): -59.06%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -748.35%
• Asset Turnover: 0.02x
• Equity Multiplier: 3.32x
Recent ROE (-59.06%) is below the historical average (-3.79%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	29.74%	27.44%	0.45x	2.43x	ZAC51.72 Million
2010	18.06%	19.27%	0.53x	1.78x	ZAC41.66 Million
2011	28.22%	32.33%	0.48x	1.82x	ZAC122.52 Million
2012	26.26%	33.62%	0.47x	1.66x	ZAC148.49 Million
2013	4.07%	6.62%	0.39x	1.58x	ZAC-57.43 Million
2014	20.64%	29.95%	0.33x	2.07x	ZAC130.24 Million
2015	19.56%	29.81%	0.32x	2.04x	ZAC148.22 Million
2016	19.18%	36.50%	0.29x	1.83x	ZAC200.89 Million
2017	21.26%	42.51%	0.24x	2.07x	ZAC280.71 Million
2018	4.80%	22.33%	0.13x	1.71x	ZAC-194.00 Million
2019	18.79%	41.13%	0.22x	2.08x	ZAC284.51 Million
2020	18.58%	146.93%	0.07x	1.72x	ZAC308.93 Million
2021	-488.51%	-260.38%	0.08x	24.98x	ZAC-907.29 Million
2022	261.56%	0.00%	-0.38x	2.37x	ZAC4.61 Billion
2023	-59.06%	-748.35%	0.02x	3.32x	ZAC-796.30 Million

Industry Comparison

This section compares Trustco Group Holdings's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $2,238,994,323
Average return on equity (ROE) among peers: 20.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Trustco Group Holdings (TTO)	ZAC1.26 Billion	29.74%	2.08x	$182.74K
African Rainbow Capital Investments Ltd (AIL)	$9.88 Billion	1.25%	0.00x	$782.54 Million
Astoria Investments Ltd (ARA)	$122.83 Million	-1.36%	0.00x	$29.62 Million
Brait SE (BAT)	$1.18 Billion	-7.29%	1.30x	$451.62 Million
Coronation Fund Managers Ltd (CML)	$2.07 Billion	30.87%	30.52x	$915.61 Million
EPE Capital Partners Ltd (EPE)	$1.72 Billion	0.27%	0.10x	$92.24 Million
Huge Group Ltd (HUG)	$1.55 Billion	33.35%	0.10x	$13.20 Million
PSG Konsult Ltd (KST)	$4.73 Billion	20.09%	17.66x	$1.87 Billion
Mahube Infrastructure Ltd (MHB)	$592.21 Million	6.67%	0.01x	$17.59 Million
Ninety One PLC (N91)	$195.64 Million	71.46%	43.99x	$1.63 Billion
Ninety One Ltd (NY1)	$349.90 Million	46.81%	29.90x	$812.58 Million

About Trustco Group Holdings

JSE:TTO South Africa Asset Management

Market Cap

$182.74K

ZAC343.85 Million ZAC

Market Cap Rank

#30839 Global

#224 in South Africa

Share Price

ZAC0.30

Change (1 day)

+0.00%

52-Week Range

ZAC0.30 - ZAC0.30

All Time High

ZAC1600.00