Converge Technology Solutions Corp
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions. Its products and services include advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings. The company also provides managed services and talent services and sells hardware and software products and solut… Read more
Converge Technology Solutions Corp (CTSDF) - Net Assets
Latest net assets as of December 2024: $358.74 Million USD
Based on the latest financial reports, Converge Technology Solutions Corp (CTSDF) has net assets worth $358.74 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.19 Billion) and total liabilities ($1.83 Billion). 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 | $358.74 Million |
| % of Total Assets | 16.41% |
| Annual Growth Rate | N/A |
| 5-Year Change | 252.58% |
| 10-Year Change | N/A |
| Growth Volatility | 240.14 |
Converge Technology Solutions Corp - Net Assets Trend (2016–2024)
This chart illustrates how Converge Technology Solutions Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Converge Technology Solutions Corp (2016–2024)
The table below shows the annual net assets of Converge Technology Solutions Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $358.74 Million | -41.40% |
| 2023-12-31 | $612.15 Million | -2.96% |
| 2022-12-31 | $630.81 Million | -2.78% |
| 2021-12-31 | $648.83 Million | +537.69% |
| 2020-12-31 | $101.75 Million | +1130.14% |
| 2019-12-31 | $-9.88 Million | -119.29% |
| 2018-12-31 | $-4.50 Million | -6.88% |
| 2017-12-31 | $-4.21 Million | -1454.98% |
| 2016-12-31 | $-271.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Converge Technology Solutions Corp'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 24164900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $600.66 Million | 167.44% |
| Total Equity | $358.74 Million | 100.00% |
Converge Technology Solutions Corp Competitors by Market Cap
The table below lists competitors of Converge Technology Solutions Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unilumin Group Co Ltd
SHE:300232
|
$790.59 Million |
|
COURSERA INC. DL -00001
F:90E
|
$790.62 Million |
|
Thurgauer Kantonalbank
SW:TKBP
|
$790.68 Million |
|
Xuzhou Handler Special Vehicle Co Ltd
SHE:300201
|
$790.76 Million |
|
PHARVARIS N.V. EO -12
F:9EN
|
$790.20 Million |
|
Barings BDC Inc
NYSE:BBDC
|
$789.88 Million |
|
BANGCHAK CORP. -FGN- BA 1
F:7BP
|
$789.82 Million |
|
TXC Corp
TW:3042
|
$789.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Converge Technology Solutions Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 586,200,000 to 358,735,000, a change of -227,465,000 (-38.8%).
- Net loss of 177,713,000 reduced equity.
- Dividend payments of 10,777,000 reduced retained earnings.
- Share repurchases of 71,506,000 reduced equity.
- Other factors increased equity by 32,531,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-177.71 Million | -49.54% |
| Dividends Paid | $10.78 Million | -3.0% |
| Share Repurchases | $71.51 Million | -19.93% |
| Other Changes | $32.53 Million | +9.07% |
| Total Change | $- | -38.80% |
Book Value vs Market Value Analysis
This analysis compares Converge Technology Solutions Corp'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: 2.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $-3.17 | $4.19 | x |
| 2018-12-31 | $-0.06 | $4.19 | x |
| 2019-12-31 | $-0.12 | $4.19 | x |
| 2020-12-31 | $0.71 | $4.19 | x |
| 2021-12-31 | $2.86 | $4.19 | x |
| 2022-12-31 | $2.87 | $4.19 | x |
| 2023-12-31 | $2.87 | $4.19 | x |
| 2024-12-31 | $1.90 | $4.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Converge Technology Solutions Corp 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): -49.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.86%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 6.09x
- Recent ROE (-49.54%) is below the historical average (-5.28%), 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 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.24 Million |
| 2017 | 0.00% | -7.42% | 0.48x | 0.00x | $-3.50 Million |
| 2018 | 0.00% | -3.97% | 1.79x | 0.00x | $-17.79 Million |
| 2019 | 0.00% | -1.58% | 1.41x | 0.00x | $-9.85 Million |
| 2020 | -4.10% | -0.44% | 1.32x | 7.08x | $-14.35 Million |
| 2021 | 2.60% | 1.04% | 1.12x | 2.23x | $-45.40 Million |
| 2022 | 3.81% | 1.06% | 0.96x | 3.75x | $-37.15 Million |
| 2023 | -0.25% | -0.05% | 1.26x | 3.67x | $-60.07 Million |
| 2024 | -49.54% | -6.86% | 1.19x | 6.09x | $-213.59 Million |
Industry Comparison
This section compares Converge Technology Solutions Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,400,467,175
- Average return on equity (ROE) among peers: 13.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Converge Technology Solutions Corp (CTSDF) | $358.74 Million | 0.00% | 5.09x | $790.23 Million |
| Accenture plc (ACN) | $8.19 Billion | 50.21% | 1.52x | $121.95 Billion |
| adesso SE (ADSGF) | $34.37 Million | 11.38% | 1.03x | $184.00 Million |
| Atlantic Energy Solutions Inc (AESO) | $1.19 Million | 45.06% | 4.65x | $69.73 |
| Atos SE (AEXAF) | $784.10 Million | 9.03% | 2.64x | $64.82K |
| AGILQ (AGILQ) | $79.87 Million | -25.27% | 1.69x | $5.00K |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $59.69 Million |
| Amadeus IT Group S.A (AMADF) | $2.65 Billion | 37.85% | 1.98x | $28.16 Billion |
| Amadeus IT Holding SA PK (AMADY) | $2.30 Billion | 29.77% | 2.05x | $24.80 Billion |
| Applied Digital Corporation (APLD) | $-2.53K | 0.00% | 0.00x | $6.50 Billion |
| Amper S.A. (APMRF) | $-57.50 Million | 0.00% | 0.00x | $216.95 Million |