Garden Stage Limited Ordinary Shares (GSIW) - Net Assets
Based on the latest financial reports, Garden Stage Limited Ordinary Shares (GSIW) has net assets worth $19.85 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.41 Million) and total liabilities ($12.56 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. Check tangible equity quality of Garden Stage Limited Ordinary Shares to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $19.85 Million |
| % of Total Assets | 61.25% |
| Annual Growth Rate | 79.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1516.4 |
Garden Stage Limited Ordinary Shares - Net Assets Trend (2021–2025)
This chart illustrates how Garden Stage Limited Ordinary Shares's net assets have evolved over time, based on quarterly financial data. See GSIW defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Garden Stage Limited Ordinary Shares (2021–2025)
The table below shows the annual net assets of Garden Stage Limited Ordinary Shares from 2021 to 2025. For live valuation and market cap data, see Garden Stage Limited Ordinary Shares (GSIW) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $6.70 Million | -27.82% |
| 2024-03-31 | $9.29 Million | +3643.74% |
| 2023-03-31 | $248.03K | +1395.94% |
| 2022-03-31 | $16.58K | -97.42% |
| 2021-03-31 | $642.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Garden Stage Limited Ordinary Shares'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 1507.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.56K | 0.02% |
| Other Comprehensive Income | $-30.91K | -0.46% |
| Other Components | $15.72 Million | 234.52% |
| Total Equity | $6.70 Million | 100.00% |
Garden Stage Limited Ordinary Shares Competitors by Market Cap
The table below lists competitors of Garden Stage Limited Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Uniform Industrial Corp
TW:2482
|
$42.70 Million |
|
Econpile Holdings Bhd
KLSE:5253
|
$42.71 Million |
|
Experience Co Ltd
AU:EXP
|
$42.72 Million |
|
Atlantic International Corp. Common Stock
NASDAQ:ATLN
|
$42.75 Million |
|
SKILLCAST GROUP LS -001
F:K9I
|
$42.65 Million |
|
VIVOPOWER INTL. DL -012
F:51J
|
$42.65 Million |
|
Arich Enterprise Co Ltd
TWO:4173
|
$42.64 Million |
|
Gavari Properties SOCIMI S.A.
MC:YGAV
|
$42.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Garden Stage Limited Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,285,488 to 6,702,403, a change of -2,583,085 (-27.8%).
- Net loss of 4,317,642 reduced equity.
- Other comprehensive income decreased equity by 20,582.
- Other factors increased equity by 1,755,139.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.32 Million | -64.42% |
| Other Comprehensive Income | $-20.58K | -0.31% |
| Other Changes | $1.76 Million | +26.19% |
| Total Change | $- | -27.82% |
Book Value vs Market Value Analysis
This analysis compares Garden Stage Limited Ordinary Shares'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: 1002.30x
- 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 10045.41x to 1002.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | $0.00 | $30.71 | x |
| 2022-03-31 | $0.00 | $30.71 | x |
| 2023-03-31 | $0.00 | $30.71 | x |
| 2024-03-31 | $0.05 | $30.71 | x |
| 2025-03-31 | $0.03 | $30.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Garden Stage Limited Ordinary Shares 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): -64.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -79.91%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 2.37x
- Recent ROE (-64.42%) is above the historical average (-114.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -51.33% | -5.49% | 0.34x | 27.55x | $-393.74K |
| 2022 | -395.84% | -22.15% | 0.23x | 78.81x | $-67.29K |
| 2023 | -10.66% | -6.36% | 0.25x | 6.74x | $-51.23K |
| 2024 | -49.43% | -336.34% | 0.08x | 1.79x | $-5.52 Million |
| 2025 | -64.42% | -79.91% | 0.34x | 2.37x | $-4.99 Million |
Industry Comparison
This section compares Garden Stage Limited Ordinary Shares's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $162,193,309
- Average return on equity (ROE) among peers: -6.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Garden Stage Limited Ordinary Shares (GSIW) | $19.85 Million | -51.33% | 0.63x | $42.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $278.79 Million |
| Abits Group Inc. (ABTS) | $9.73 Million | -6.60% | 0.34x | $3.23 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $21.08 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-3.23 Million | 0.00% | 0.00x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $51.29 Million |
| Solowin Holdings (AXG) | $3.34 Million | 5.15% | 2.06x | $529.48 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.46 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.24 Million | 0.00% | 0.00x | $34.07 Million |
| Bitfarms Ltd (BITF) | $255.40 Million | -68.77% | 0.34x | $1.21 Billion |
About Garden Stage Limited Ordinary Shares
Garden Stage Limited, through its subsidiaries, provides financial services in Hong Kong. It offers securities dealing and brokerage services; underwriting and placing services; investment advisory services; due diligence services; introduction and referral services; and asset management services, such as account and fund management services. The company was incorporated in 2022 and is headquarte… Read more