JPmorgan US Smaller Companies Investment Trust PLC (JUSC) - Net Assets
Based on the latest financial reports, JPmorgan US Smaller Companies Investment Trust PLC (JUSC) has net assets worth GBX245.25 Million GBX (≈ $29.84K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX273.55 Million ≈ $33.28K USD) and total liabilities (GBX28.30 Million ≈ $3.44K 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 JUSC asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX245.25 Million |
| % of Total Assets | 89.65% |
| Annual Growth Rate | 5.53% |
| 5-Year Change | 24.05% |
| 10-Year Change | 183.02% |
| Growth Volatility | 22.46 |
JPmorgan US Smaller Companies Investment Trust PLC - Net Assets Trend (2000–2024)
This chart illustrates how JPmorgan US Smaller Companies Investment Trust PLC's net assets have evolved over time, based on quarterly financial data. Also explore JPmorgan US Smaller Companies Investment (JUSC) total assets for the complete picture of this company's asset base.
Annual Net Assets for JPmorgan US Smaller Companies Investment Trust PLC (2000–2024)
The table below shows the annual net assets of JPmorgan US Smaller Companies Investment Trust PLC from 2000 to 2024. For live valuation and market cap data, see JPmorgan US Smaller Companies Investment (JUSC) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX293.79 Million ≈ $35.75K |
+5.03% |
| 2023-12-31 | GBX279.73 Million ≈ $34.03K |
+2.44% |
| 2022-12-31 | GBX273.06 Million ≈ $33.22K |
-9.52% |
| 2021-12-31 | GBX301.78 Million ≈ $36.72K |
+27.42% |
| 2020-12-31 | GBX236.84 Million ≈ $28.82K |
+19.46% |
| 2019-12-31 | GBX198.25 Million ≈ $24.12K |
+24.82% |
| 2018-12-31 | GBX158.83 Million ≈ $19.33K |
-4.71% |
| 2017-12-31 | GBX166.69 Million ≈ $20.28K |
+8.36% |
| 2016-12-31 | GBX153.82 Million ≈ $18.72K |
+48.19% |
| 2015-12-31 | GBX103.81 Million ≈ $12.63K |
+4.49% |
| 2014-12-31 | GBX99.35 Million ≈ $12.09K |
+15.07% |
| 2013-12-31 | GBX86.34 Million ≈ $10.50K |
+45.81% |
| 2012-12-31 | GBX59.21 Million ≈ $7.20K |
+12.51% |
| 2011-12-31 | GBX52.63 Million ≈ $6.40K |
-0.60% |
| 2010-12-31 | GBX52.95 Million ≈ $6.44K |
+27.90% |
| 2009-12-31 | GBX41.40 Million ≈ $5.04K |
+20.08% |
| 2008-12-31 | GBX34.48 Million ≈ $4.19K |
-49.24% |
| 2007-12-31 | GBX67.91 Million ≈ $8.26K |
-27.13% |
| 2006-12-31 | GBX93.19 Million ≈ $11.34K |
-2.95% |
| 2005-12-31 | GBX96.03 Million ≈ $11.68K |
+17.89% |
| 2004-12-31 | GBX81.45 Million ≈ $9.91K |
+3.33% |
| 2003-12-31 | GBX78.83 Million ≈ $9.59K |
+31.64% |
| 2002-12-31 | GBX59.88 Million ≈ $7.29K |
-33.76% |
| 2001-12-31 | GBX90.40 Million ≈ $11.00K |
+11.90% |
| 2000-12-31 | GBX80.79 Million ≈ $9.83K |
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Equity Component Analysis
This analysis shows how different components contribute to JPmorgan US Smaller Companies Investment Trust PLC'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 24454200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX244.54 Million | 83.24% |
| Common Stock | GBX1.64 Million | 0.56% |
| Other Comprehensive Income | GBX1.85 Million | 0.63% |
| Other Components | GBX45.76 Million | 15.58% |
| Total Equity | GBX293.79 Million | 100.00% |
JPmorgan US Smaller Companies Investment Trust PLC Competitors by Market Cap
The table below lists competitors of JPmorgan US Smaller Companies Investment Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Capella Minerals Ltd
V:CMIL
|
$2.71 Million |
|
FAT Brands Inc
NASDAQ:FAT
|
$2.71 Million |
|
YouGov plc
LSE:YOU
|
$2.71 Million |
|
AE Multi Holdings Bhd
KLSE:7146
|
$2.72 Million |
|
Octava Minerals Ltd
AU:OCT
|
$2.71 Million |
|
Montanaro European Smaller Companies Trust plc
LSE:MTE
|
$2.70 Million |
|
VR Resources Ltd
V:VRR
|
$2.70 Million |
|
HYDRIX Ltd
AU:HYD
|
$2.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JPmorgan US Smaller Companies Investment Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 279,725,000 to 293,789,000, a change of 14,064,000 (5.0%).
- Net income of 28,221,000 contributed positively to equity growth.
- Dividend payments of 1,890,000 reduced retained earnings.
- Share repurchases of 12,284,000 reduced equity.
- Other comprehensive income increased equity by 2,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX28.22 Million | +9.61% |
| Dividends Paid | GBX1.89 Million | -0.64% |
| Share Repurchases | GBX12.28 Million | -4.18% |
| Other Comprehensive Income | GBX3.00K | +0.0% |
| Other Changes | GBX14.00K | +0.0% |
| Total Change | GBX- | 5.03% |
Book Value vs Market Value Analysis
This analysis compares JPmorgan US Smaller Companies Investment Trust PLC'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: 87.70x
- 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 399.49x to 87.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | GBX1.04 | GBX415.00 | x |
| 2003-12-31 | GBX0.71 | GBX415.00 | x |
| 2004-12-31 | GBX0.79 | GBX415.00 | x |
| 2005-12-31 | GBX0.95 | GBX415.00 | x |
| 2006-12-31 | GBX0.92 | GBX415.00 | x |
| 2007-12-31 | GBX0.74 | GBX415.00 | x |
| 2008-12-31 | GBX0.53 | GBX415.00 | x |
| 2009-12-31 | GBX0.73 | GBX415.00 | x |
| 2010-12-31 | GBX0.98 | GBX415.00 | x |
| 2011-12-31 | GBX1.00 | GBX415.00 | x |
| 2012-12-31 | GBX1.15 | GBX415.00 | x |
| 2013-12-31 | GBX1.65 | GBX415.00 | x |
| 2014-12-31 | GBX1.77 | GBX415.00 | x |
| 2015-12-31 | GBX1.85 | GBX415.00 | x |
| 2016-12-31 | GBX2.78 | GBX415.00 | x |
| 2017-12-31 | GBX2.96 | GBX415.00 | x |
| 2018-12-31 | GBX2.78 | GBX415.00 | x |
| 2019-12-31 | GBX3.44 | GBX415.00 | x |
| 2020-12-31 | GBX4.04 | GBX415.00 | x |
| 2021-12-31 | GBX4.69 | GBX415.00 | x |
| 2022-12-31 | GBX4.20 | GBX415.00 | x |
| 2023-12-31 | GBX4.34 | GBX415.00 | x |
| 2024-12-31 | GBX4.73 | GBX415.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JPmorgan US Smaller Companies Investment Trust PLC 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): 9.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.34%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.08x
- Recent ROE (9.61%) is above the historical average (7.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 27.20% | 89.74% | 0.28x | 1.09x | GBX13.56 Million |
| 2004 | 9.56% | 80.27% | 0.11x | 1.08x | GBX-361.40K |
| 2005 | 15.76% | 79.16% | 0.19x | 1.05x | GBX5.53 Million |
| 2006 | -3.04% | 0.00% | -0.02x | 1.13x | GBX-12.16 Million |
| 2007 | -9.05% | 0.00% | -0.07x | 1.06x | GBX-12.94 Million |
| 2008 | -59.96% | 0.00% | -0.58x | 1.02x | GBX-24.12 Million |
| 2009 | 22.14% | 91.16% | 0.24x | 1.02x | GBX5.03 Million |
| 2010 | 24.89% | 92.45% | 0.25x | 1.09x | GBX7.88 Million |
| 2011 | 1.00% | 25.97% | 0.03x | 1.13x | GBX-4.74 Million |
| 2012 | 11.12% | 92.58% | 0.11x | 1.12x | GBX663.60K |
| 2013 | 26.60% | 97.69% | 0.25x | 1.07x | GBX14.34 Million |
| 2014 | 11.39% | 94.80% | 0.11x | 1.10x | GBX1.38 Million |
| 2015 | 3.79% | 85.76% | 0.04x | 1.13x | GBX-6.45 Million |
| 2016 | 32.79% | 98.49% | 0.30x | 1.11x | GBX35.06 Million |
| 2017 | 5.83% | 92.56% | 0.06x | 1.09x | GBX-6.95 Million |
| 2018 | -6.27% | 0.00% | -0.05x | 1.10x | GBX-25.84 Million |
| 2019 | 20.56% | 97.66% | 0.20x | 1.08x | GBX20.94 Million |
| 2020 | 13.27% | 97.46% | 0.13x | 1.09x | GBX7.74 Million |
| 2021 | 14.42% | 97.98% | 0.14x | 1.08x | GBX13.35 Million |
| 2022 | -9.17% | 0.00% | -0.08x | 1.09x | GBX-52.33 Million |
| 2023 | 4.21% | 75.38% | 0.05x | 1.09x | GBX-16.19 Million |
| 2024 | 9.61% | 96.34% | 0.09x | 1.08x | GBX-1.16 Million |
Industry Comparison
This section compares JPmorgan US Smaller Companies Investment Trust PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $745,852,800
- Average return on equity (ROE) among peers: 2.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JPmorgan US Smaller Companies Investment Trust PLC (JUSC) | GBX245.25 Million | 27.20% | 0.12x | $2.71 Million |
| 3I Infrastructure PLC (3IN) | $1.20 Billion | 4.98% | 0.15x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $61.87 Million | 11.55% | 0.03x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $431.87 Million | 14.17% | 0.08x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $98.67 Million | 9.82% | 0.09x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $64.83 Million | 5.63% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $4.56 Billion | 10.22% | 39.48x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $426.87 Million | 6.29% | 0.20x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $69.67 Million | -2.91% | 0.02x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $174.91 Million | -21.80% | 0.02x | $415.29 |
About JPmorgan US Smaller Companies Investment Trust PLC
JPMorgan US Smaller Companies Investment Trust plc is an open-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of small-cap com… Read more