Wellchange Holdings Company Limited
Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software … Read more
Wellchange Holdings Company Limited (WCT) - Net Assets
Latest net assets as of March 2025: $4.91 Million USD
Based on the latest financial reports, Wellchange Holdings Company Limited (WCT) has net assets worth $4.91 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.70 Million) and total liabilities ($1.78 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 | $4.91 Million |
| % of Total Assets | 73.38% |
| Annual Growth Rate | 449.35% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1177.27 |
Wellchange Holdings Company Limited - Net Assets Trend (2021–2024)
This chart illustrates how Wellchange Holdings Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wellchange Holdings Company Limited (2021–2024)
The table below shows the annual net assets of Wellchange Holdings Company Limited from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.91 Million | +146.02% |
| 2023-12-31 | $2.00 Million | +145.93% |
| 2022-12-31 | $811.97K | +2643.34% |
| 2021-12-31 | $29.60K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wellchange Holdings Company Limited'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 128671300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.19 Million | 24.20% |
| Common Stock | $1.06K | 0.02% |
| Other Comprehensive Income | $138.92K | 2.83% |
| Other Components | $3.58 Million | 72.95% |
| Total Equity | $4.91 Million | 100.00% |
Wellchange Holdings Company Limited Competitors by Market Cap
The table below lists competitors of Wellchange Holdings Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ashtrom Group Ltd
TA:ASHG
|
$20.20 Million |
|
Shriro Holdings Ltd
AU:SHM
|
$20.20 Million |
|
Aptech Limited
NSE:APTECHT
|
$20.20 Million |
|
KCI Limited
KQ:036670
|
$20.20 Million |
|
Freelance.Com
PA:ALFRE
|
$20.19 Million |
|
Valuence Merger Corp. I
OTCMKTS:VMCUF
|
$20.19 Million |
|
BANK OF JIUJIANG H YC1
F:BJ8
|
$20.18 Million |
|
STX Green Logis Ltd
KO:465770
|
$20.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wellchange Holdings Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,996,894 to 4,912,751, a change of 2,915,857 (146.0%).
- Net loss of 431,544 reduced equity.
- New share issuances of 4,019,673 increased equity.
- Other comprehensive income increased equity by 7,818.
- Other factors decreased equity by 680,090.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-431.54K | -8.78% |
| Share Issuances | $4.02 Million | +81.82% |
| Other Comprehensive Income | $7.82K | +0.16% |
| Other Changes | $-680.09K | -13.84% |
| Total Change | $- | 146.02% |
Book Value vs Market Value Analysis
This analysis compares Wellchange Holdings Company Limited'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: 15.88x
- 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 2698.27x to 15.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $3.79 | x |
| 2022-12-31 | $0.04 | $3.79 | x |
| 2023-12-31 | $0.09 | $3.79 | x |
| 2024-12-31 | $0.24 | $3.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wellchange Holdings Company Limited 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): -8.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.69%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.36x
- Recent ROE (-8.78%) is below the historical average (178.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 579.32% | 25.53% | 0.46x | 49.17x | $168.51K |
| 2022 | 96.14% | 46.71% | 0.72x | 2.85x | $699.45K |
| 2023 | 46.95% | 37.66% | 0.76x | 1.65x | $737.92K |
| 2024 | -8.78% | -18.69% | 0.34x | 1.36x | $-922.82K |
Industry Comparison
This section compares Wellchange Holdings Company Limited's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wellchange Holdings Company Limited (WCT) | $4.91 Million | 579.32% | 0.36x | $20.19 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |