Global Education Communities Corp.
Global Education Communities Corp., together with its subsidiaries, operates as an education and student housing investment company in Canada and internationally. The company engages in education and real estate development businesses. It offers English as second language accredited programs, such as general English, college preparation/pathway, business English, medical English, English language… Read more
Global Education Communities Corp. (GECSF) - Net Assets
Latest net assets as of May 2024: $166.75 Million USD
Based on the latest financial reports, Global Education Communities Corp. (GECSF) has net assets worth $166.75 Million USD as of May 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($486.28 Million) and total liabilities ($319.54 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 | $166.75 Million |
| % of Total Assets | 34.29% |
| Annual Growth Rate | -4.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.03 |
Global Education Communities Corp. - Net Assets Trend (2019–2023)
This chart illustrates how Global Education Communities 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 Global Education Communities Corp. (2019–2023)
The table below shows the annual net assets of Global Education Communities Corp. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-08-31 | $163.14 Million | +0.68% |
| 2022-08-31 | $162.03 Million | -20.41% |
| 2021-08-31 | $203.58 Million | +12.74% |
| 2020-08-31 | $180.58 Million | -6.99% |
| 2019-08-31 | $194.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Education Communities 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 2239700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $52.49 Million | 218.84% |
| Total Equity | $23.99 Million | 100.00% |
Global Education Communities Corp. Competitors by Market Cap
The table below lists competitors of Global Education Communities Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asuransi Ramayana Tbk
JK:ASRM
|
$6.17 Million |
|
Paid Inc
PINK:PAYD
|
$6.18 Million |
|
Excelsior Capital Ltd
AU:ECL
|
$6.18 Million |
|
Function International PCL
BK:FTI
|
$6.18 Million |
|
BIO-Key International Inc
NASDAQ:BKYI
|
$6.17 Million |
|
NORTHROP GRUMMAN
MU:NTH
|
$6.17 Million |
|
Charm Engine
KO:009310
|
$6.17 Million |
|
Managepay Systems Bhd
KLSE:0156
|
$6.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Education Communities Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 27,874,000 to 23,986,000, a change of -3,888,000 (-13.9%).
- Net loss of 3,909,000 reduced equity.
- Share repurchases of 142,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.91 Million | -16.3% |
| Share Repurchases | $142.00K | -0.59% |
| Other Changes | $163.00K | +0.68% |
| Total Change | $- | -13.95% |
Book Value vs Market Value Analysis
This analysis compares Global Education Communities 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: 0.41x
- 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 increased from 0.22x to 0.41x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-08-31 | $0.67 | $0.15 | x |
| 2020-08-31 | $0.69 | $0.15 | x |
| 2021-08-31 | $0.73 | $0.15 | x |
| 2022-08-31 | $0.41 | $0.15 | x |
| 2023-08-31 | $0.36 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Education Communities 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): -16.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.97%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 20.75x
- Recent ROE (-16.30%) is below the historical average (-10.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 5.08% | 3.68% | 0.18x | 7.57x | $-2.53 Million |
| 2020 | 2.40% | 1.96% | 0.14x | 8.83x | $-3.90 Million |
| 2021 | 9.26% | 7.73% | 0.12x | 10.22x | $-376.70K |
| 2022 | -55.02% | -20.94% | 0.15x | 17.14x | $-18.12 Million |
| 2023 | -16.30% | -4.97% | 0.16x | 20.75x | $-6.31 Million |
Industry Comparison
This section compares Global Education Communities Corp.'s net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,197,694,821
- Average return on equity (ROE) among peers: -57.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Education Communities Corp. (GECSF) | $166.75 Million | 5.08% | 1.92x | $6.17 Million |
| ATA Creativity Global (AACG) | $50.32 Million | -242.94% | 0.93x | $25.30 Million |
| Afya Ltd (AFYA) | $3.64 Billion | 10.60% | 1.08x | $112.89 Million |
| Alliance International Education Leasing Holdings Limited (ALCIF) | $2.60 Billion | 14.32% | 0.61x | $519.50 Million |
| Ambow Education Holding Ltd (AMBO) | $1.38 Billion | -77.81% | 1.30x | $6.74 Million |
| American Public Education Inc (APEI) | $349.73 Million | -32.88% | 0.96x | $676.30 Million |
| Argentum 47 Inc (ARGQ) | $-864.76K | 0.00% | 0.00x | $45.77K |
| Asiarim Corporation (ARMC) | $-263.95K | 0.00% | 0.00x | $1.30K |
| Aspen Group Inc (ASPU) | $5.40K | -250.85% | 0.67x | $3.75 Million |
| Adtalem Global Education Inc (ATGE) | $1.54 Billion | 8.70% | 0.30x | $3.32 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $2.41 Billion | -4.96% | 1.27x | $57.66 Million |