Hitek Global Inc. Ordinary Share (HKIT) - Net Assets
Based on the latest financial reports, Hitek Global Inc. Ordinary Share (HKIT) has net assets worth $34.60 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 ($42.27 Million) and total liabilities ($7.67 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 financial resilience of Hitek Global Inc. Ordinary Share to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $34.60 Million |
| % of Total Assets | 81.85% |
| Annual Growth Rate | 40.31% |
| 5-Year Change | 215.9% |
| 10-Year Change | N/A |
| Growth Volatility | 41.26 |
Hitek Global Inc. Ordinary Share - Net Assets Trend (2016–2024)
This chart illustrates how Hitek Global Inc. Ordinary Share's net assets have evolved over time, based on quarterly financial data. Also explore Hitek Global Inc. Ordinary Share asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Hitek Global Inc. Ordinary Share (2016–2024)
The table below shows the annual net assets of Hitek Global Inc. Ordinary Share from 2016 to 2024. For live valuation and market cap data, see how much is Hitek Global Inc. Ordinary Share worth.
| 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 | +17.55% |
| 2020-12-31 | $11.17 Million | +24.69% |
| 2019-12-31 | $8.96 Million | +27.27% |
| 2018-12-31 | $7.04 Million | +35.83% |
| 2017-12-31 | $5.18 Million | +120.59% |
| 2016-12-31 | $2.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hitek Global Inc. Ordinary Share'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 1056175100.0% 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% |
| Common Stock | $2.93K | 0.01% |
| Other Comprehensive Income | $-139.13K | -0.39% |
| Other Components | $24.92 Million | 70.65% |
| Total Equity | $35.27 Million | 100.00% |
Hitek Global Inc. Ordinary Share Competitors by Market Cap
The table below lists competitors of Hitek Global Inc. Ordinary Share ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
City Chic Collective Ltd
AU:CCX
|
$14.99 Million |
|
Pan Entertainment Co. Ltd
KQ:068050
|
$14.99 Million |
|
Made SA
PA:MLMAD
|
$15.00 Million |
|
Revolver Resources Holdings Ltd
AU:RRR
|
$15.01 Million |
|
American Manganese Inc
V:AMY
|
$14.99 Million |
|
Pryme BV
OL:PRYME
|
$14.99 Million |
|
Greenvale Energy Ltd
AU:GRV
|
$14.98 Million |
|
Shape Robotics AS
CO:SHAPE
|
$14.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hitek Global Inc. Ordinary Share'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 comprehensive income 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 Comprehensive Income | $-365.98K | -1.04% |
| Total Change | $- | 24.48% |
Book Value vs Market Value Analysis
This analysis compares Hitek Global Inc. Ordinary Share'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: 0.29x
- 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 4.71x to 0.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.15 | $0.71 | x |
| 2017-12-31 | $0.47 | $0.71 | x |
| 2018-12-31 | $0.47 | $0.71 | x |
| 2019-12-31 | $0.57 | $0.71 | x |
| 2020-12-31 | $1.02 | $0.71 | x |
| 2021-12-31 | $0.88 | $0.71 | x |
| 2022-12-31 | $1.23 | $0.71 | x |
| 2023-12-31 | $2.14 | $0.71 | x |
| 2024-12-31 | $2.45 | $0.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hitek Global Inc. Ordinary Share 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 (16.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 16.18% | 5.51% | 1.50x | 1.96x | $145.18K |
| 2017 | 41.22% | 31.00% | 0.97x | 1.38x | $1.62 Million |
| 2018 | 31.54% | 32.09% | 0.75x | 1.31x | $1.52 Million |
| 2019 | 22.54% | 29.12% | 0.60x | 1.28x | $1.12 Million |
| 2020 | 15.12% | 29.09% | 0.40x | 1.29x | $572.21K |
| 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. Ordinary Share's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hitek Global Inc. Ordinary Share (HKIT) | $34.60 Million | 16.18% | 0.22x | $14.99 Million |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About Hitek Global Inc. Ordinary Share
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