Hire Technologies Inc
Hire Technologies Inc., through its subsidiaries, provides human resources services in Canada. The company offers recurring contract staffing, on occurrence permanent placement, executive search, and software-as-a-service performance management tool services. Hire Technologies Inc. is based in Vancouver, Canada.
Hire Technologies Inc (HIRRF) - Net Assets
Latest net assets as of September 2022: $-6.10 Million USD
Based on the latest financial reports, Hire Technologies Inc (HIRRF) has net assets worth $-6.10 Million USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.56 Million) and total liabilities ($27.66 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 | $-6.10 Million |
| % of Total Assets | -28.28% |
| Annual Growth Rate | 94.28% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 203.49 |
Hire Technologies Inc - Net Assets Trend (2017–2021)
This chart illustrates how Hire Technologies Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hire Technologies Inc (2017–2021)
The table below shows the annual net assets of Hire Technologies Inc from 2017 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $4.02 Million | +400.86% |
| 2020-12-31 | $-1.34 Million | -134.17% |
| 2019-12-31 | $3.91 Million | +351.03% |
| 2018-12-31 | $866.91K | +207.25% |
| 2017-12-31 | $282.15K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hire Technologies Inc'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 2497574700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $29.59 Million | 736.03% |
| Total Equity | $4.02 Million | 100.00% |
Hire Technologies Inc Competitors by Market Cap
The table below lists competitors of Hire Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CSTAF
PINK:CSTAF
|
$338.32K |
|
ALL FOR ONE STEEB (A1OS.SG)
STU:A1OS
|
$338.33K |
|
Norvista Capital Corporation
PINK:XTERF
|
$338.66K |
|
NEURONES (NE9.SG)
STU:NE9
|
$338.68K |
|
H&K AG
PA:MLHK
|
$337.93K |
|
FEC Resources Inc
PINK:FECOF
|
$337.77K |
|
MIZUHO FIN GROUP - Dusseldorf Stock Exchang
DU:MZ8
|
$337.62K |
|
NASB Financial Inc
OTCQX:NASB
|
$337.59K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hire Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from -1,336,160 to 4,019,948, a change of 5,356,108.
- Net loss of 5,373,203 reduced equity.
- New share issuances of 4,875,306 increased equity.
- Other factors increased equity by 5,854,005.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.37 Million | -133.66% |
| Share Issuances | $4.88 Million | +121.28% |
| Other Changes | $5.85 Million | +145.62% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Hire Technologies Inc'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: 0.08x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.04 | $0.00 | x |
| 2018-12-31 | $0.13 | $0.00 | x |
| 2019-12-31 | $0.08 | $0.00 | x |
| 2020-12-31 | $-0.02 | $0.00 | x |
| 2021-12-31 | $0.05 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hire Technologies Inc 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): -133.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.40%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 6.01x
- Recent ROE (-133.66%) is below the historical average (-82.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -10.83% | 0.00% | 0.00x | 1.03x | $-180.57K |
| 2019 | -183.86% | -60.10% | 1.86x | 1.65x | $-7.58 Million |
| 2020 | 0.00% | -94.02% | 0.86x | 0.00x | $-10.58 Million |
| 2021 | -133.66% | -19.40% | 1.15x | 6.01x | $-5.78 Million |
Industry Comparison
This section compares Hire Technologies Inc's net assets metrics with peer companies in the Staffing & Employment Services industry.
Industry Context
- Industry: Staffing & Employment Services
- Average net assets among peers: $10,170,518,962
- Average return on equity (ROE) among peers: 2.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hire Technologies Inc (HIRRF) | $-6.10 Million | -10.83% | N/A | $338.31K |
| Adecco Group AG (AHEXF) | $1.28 Billion | -9.41% | 1.70x | $4.69 Billion |
| Atlantic International Corp. Common Stock (ATLN) | $-1.75 Million | 0.00% | 0.00x | $39.54 Million |
| Barrett Business Services Inc (BBSI) | $208.53 Million | 18.26% | 2.58x | $205.95 Million |
| BG Staffing Inc (BGSF) | $40.49 Million | 17.00% | 1.01x | $39.55 Million |
| Open Up Group Inc. (BNXYF) | $63.34 Billion | 11.01% | 0.52x | $871.90 Million |
| Career Design Center Co. Ltd. (CAEEF) | $4.63 Billion | 23.78% | 0.67x | $33.99 Million |
| CTPartners Executive Search Inc (CTPR) | $24.26 Million | -6.73% | 1.83x | $0.98 |
| The Caldwell Partners International Inc (CWLPF) | $13.93 Million | 2.66% | 0.10x | $16.39 Million |
| en-japan inc. (ENJPY) | $32.16 Billion | 13.05% | 0.52x | $190.42 Million |
| Futuris Company (FTRS) | $4.55 Million | -40.51% | 1.37x | $147.15 |