Invesco Asia Trust
Invesco Asia Trust plc is a closed-ended equity mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in the public equity markets of Asia and Australia. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies. It employs fundamental a… Read more
Invesco Asia Trust (IAT) - Net Assets
Latest net assets as of April 2024: GBX238.27 Million GBX
Based on the latest financial reports, Invesco Asia Trust (IAT) has net assets worth GBX238.27 Million GBX as of April 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX252.71 Million) and total liabilities (GBX14.45 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 | GBX238.27 Million |
| % of Total Assets | 94.28% |
| Annual Growth Rate | 3.81% |
| 5-Year Change | 27.45% |
| 10-Year Change | 17.86% |
| Growth Volatility | 24.56 |
Invesco Asia Trust - Net Assets Trend (2000–2024)
This chart illustrates how Invesco Asia Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Invesco Asia Trust (2000–2024)
The table below shows the annual net assets of Invesco Asia Trust from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | GBX238.27 Million | -2.75% |
| 2023-04-30 | GBX245.00 Million | -2.84% |
| 2022-04-30 | GBX252.18 Million | -10.34% |
| 2021-04-30 | GBX281.25 Million | +50.44% |
| 2020-04-30 | GBX186.95 Million | -17.78% |
| 2019-04-30 | GBX227.38 Million | -2.52% |
| 2018-04-30 | GBX233.25 Million | -4.02% |
| 2017-04-30 | GBX243.03 Million | +34.93% |
| 2016-04-30 | GBX180.11 Million | -10.91% |
| 2015-04-30 | GBX202.17 Million | +24.05% |
| 2014-04-30 | GBX162.97 Million | -16.65% |
| 2013-04-30 | GBX195.53 Million | +18.69% |
| 2012-04-30 | GBX164.74 Million | -6.85% |
| 2011-04-30 | GBX176.86 Million | +17.17% |
| 2010-04-30 | GBX150.93 Million | +52.97% |
| 2009-04-30 | GBX98.67 Million | -16.99% |
| 2008-04-30 | GBX118.86 Million | +2.34% |
| 2007-04-30 | GBX116.15 Million | +8.34% |
| 2006-04-30 | GBX107.21 Million | +51.32% |
| 2005-04-30 | GBX70.85 Million | +10.47% |
| 2004-04-30 | GBX64.14 Million | +34.50% |
| 2003-04-30 | GBX47.69 Million | -37.35% |
| 2002-04-30 | GBX76.11 Million | +13.58% |
| 2001-04-30 | GBX67.01 Million | -30.96% |
| 2000-04-30 | GBX97.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Invesco Asia 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 grown by 267.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX1.87 Million | 0.78% |
| Common Stock | GBX6.59 Million | 2.77% |
| Other Comprehensive Income | GBX228.90 Million | 96.07% |
| Other Components | GBX909.00K | 0.38% |
| Total Equity | GBX238.27 Million | 100.00% |
Invesco Asia Trust Competitors by Market Cap
The table below lists competitors of Invesco Asia Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samba Bank Ltd
KAR:SBL
|
$400.61 |
|
Artemis UK Future Leaders plc
LSE:AFL
|
$401.26 |
|
Next Capital Ltd
KAR:NEXT
|
$401.65 |
|
Soup Holdings Ltd
STU:SR6
|
$401.87 |
|
Sealand Capital Galaxy Ltd
LSE:SCGL
|
$399.99 |
|
TORRENS ENERGY
BE:TE2
|
$399.66 |
|
Pure One Corporation Limited
AU:P1E
|
$399.31 |
|
Quantum Capital Inc
PINK:QTCI
|
$399.25 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Invesco Asia Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 245,004,000 to 238,266,000, a change of -6,738,000 (-2.8%).
- Net income of 5,564,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 187,634,000.
- Other factors decreased equity by 199,936,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX5.56 Million | +2.34% |
| Other Comprehensive Income | GBX187.63 Million | +78.75% |
| Other Changes | GBX-199.94 Million | -83.91% |
| Total Change | GBX- | -2.75% |
Book Value vs Market Value Analysis
This analysis compares Invesco Asia 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: 96.94x
- 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 768.84x to 96.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-04-30 | GBX0.45 | GBX346.00 | x |
| 2004-04-30 | GBX0.61 | GBX346.00 | x |
| 2005-04-30 | GBX0.67 | GBX346.00 | x |
| 2006-04-30 | GBX1.01 | GBX346.00 | x |
| 2007-04-30 | GBX1.10 | GBX346.00 | x |
| 2008-04-30 | GBX1.18 | GBX346.00 | x |
| 2009-04-30 | GBX1.05 | GBX346.00 | x |
| 2010-04-30 | GBX1.60 | GBX346.00 | x |
| 2011-04-30 | GBX1.88 | GBX346.00 | x |
| 2012-04-30 | GBX1.74 | GBX346.00 | x |
| 2013-04-30 | GBX1.91 | GBX346.00 | x |
| 2014-04-30 | GBX1.74 | GBX346.00 | x |
| 2015-04-30 | GBX2.28 | GBX346.00 | x |
| 2016-04-30 | GBX2.07 | GBX346.00 | x |
| 2017-04-30 | GBX2.89 | GBX346.00 | x |
| 2018-04-30 | GBX3.13 | GBX346.00 | x |
| 2019-04-30 | GBX3.21 | GBX346.00 | x |
| 2020-04-30 | GBX2.73 | GBX346.00 | x |
| 2021-04-30 | GBX4.21 | GBX346.00 | x |
| 2022-04-30 | GBX3.77 | GBX346.00 | x |
| 2023-04-30 | GBX3.66 | GBX346.00 | x |
| 2024-04-30 | GBX3.57 | GBX346.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Invesco Asia 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): 2.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 56.35%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.06x
- Recent ROE (2.34%) is below the historical average (10.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 26.47% | 93.99% | 0.28x | 1.02x | GBX10.57 Million |
| 2005 | 9.67% | 84.97% | 0.11x | 1.06x | GBX-236.80K |
| 2006 | 34.81% | 95.18% | 0.34x | 1.07x | GBX26.59 Million |
| 2007 | 8.79% | 83.14% | 0.10x | 1.08x | GBX-1.41 Million |
| 2008 | 15.22% | 88.10% | 0.17x | 1.02x | GBX6.21 Million |
| 2009 | -19.04% | 0.00% | -0.17x | 1.01x | GBX-28.65 Million |
| 2010 | 35.72% | 97.06% | 0.36x | 1.04x | GBX38.82 Million |
| 2011 | 15.64% | 92.89% | 0.16x | 1.04x | GBX9.97 Million |
| 2012 | -4.80% | 0.00% | -0.03x | 1.04x | GBX-24.38 Million |
| 2013 | 9.49% | 95.54% | 0.09x | 1.06x | GBX-990.80K |
| 2014 | 0.05% | 9.10% | 0.01x | 1.04x | GBX-16.21 Million |
| 2015 | 22.08% | 97.88% | 0.22x | 1.04x | GBX24.43 Million |
| 2016 | -8.34% | 0.00% | -0.08x | 1.03x | GBX-33.04 Million |
| 2017 | 28.90% | 98.52% | 0.29x | 1.00x | GBX45.94 Million |
| 2018 | 14.29% | 96.56% | 0.15x | 1.02x | GBX10.01 Million |
| 2019 | 0.52% | 51.23% | 0.01x | 1.00x | GBX-21.55 Million |
| 2020 | -12.54% | 0.00% | -0.11x | 1.06x | GBX-42.14 Million |
| 2021 | 37.12% | 98.79% | 0.37x | 1.01x | GBX76.27 Million |
| 2022 | -7.47% | 0.00% | -0.06x | 1.03x | GBX-44.06 Million |
| 2023 | 1.11% | 57.72% | 0.02x | 1.06x | GBX-21.78 Million |
| 2024 | 2.34% | 56.35% | 0.04x | 1.06x | GBX-18.26 Million |
Industry Comparison
This section compares Invesco Asia Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $395,694,700
- Average return on equity (ROE) among peers: -81.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco Asia Trust (IAT) | GBX238.27 Million | 26.47% | 0.06x | $400.02 |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $431.48 Million | 11.10% | 0.09x | $315.37 |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |