SHIFT Inc.
SHIFT Inc. provides software quality assurance and testing solutions in Japan. The company offers CAT, a software test management tool to evaluate software testing aptitude; a quality platform; and software consulting services. The company also engages in the nursery business. SHIFT Inc. was incorporated in 2005 and is headquartered in Tokyo, Japan.
SHIFT Inc. (SFTTF) - Net Assets
Latest net assets as of August 2025: $41.03 Billion USD
Based on the latest financial reports, SHIFT Inc. (SFTTF) has net assets worth $41.03 Billion USD as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($77.00 Billion) and total liabilities ($35.97 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 | $41.03 Billion |
| % of Total Assets | 53.29% |
| Annual Growth Rate | 28.91% |
| 5-Year Change | 80.9% |
| 10-Year Change | N/A |
| Growth Volatility | 34.92 |
SHIFT Inc. - Net Assets Trend (2019–2025)
This chart illustrates how SHIFT 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 SHIFT Inc. (2019–2025)
The table below shows the annual net assets of SHIFT Inc. from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $41.03 Billion | +18.88% |
| 2024-08-31 | $34.52 Billion | +16.72% |
| 2023-08-31 | $29.57 Billion | +13.72% |
| 2022-08-31 | $26.01 Billion | +14.65% |
| 2021-08-31 | $22.68 Billion | +110.40% |
| 2020-08-31 | $10.78 Billion | +20.62% |
| 2019-08-31 | $8.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SHIFT 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 grown by 1343.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $31.96 Billion | 77.89% |
| Other Components | $9.07 Billion | 22.11% |
| Total Equity | $41.03 Billion | 100.00% |
SHIFT Inc. Competitors by Market Cap
The table below lists competitors of SHIFT Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IONOS GROUP N
XETRA:IOS
|
$1.07 Billion |
|
Five9 Inc
NASDAQ:FIVN
|
$1.07 Billion |
|
Coca-Cola Içecek Anonim Sirketi
PINK:COLZF
|
$1.07 Billion |
|
TECNOGLASS INC. DL-0001
F:7FH
|
$1.07 Billion |
|
Jiayou International Logistics Co Ltd
SHG:603871
|
$1.07 Billion |
|
Jiangxi Guoke Defence Group Co. Ltd. A
SHG:688543
|
$1.07 Billion |
|
Xi'an Sinofuse Electric Co. Ltd.
SHE:301031
|
$1.07 Billion |
|
Ningbo ZhongDa Leader Intelligent Transmission Co Ltd
SHE:002896
|
$1.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SHIFT Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 34,037,000,000 to 41,035,000,000, a change of 6,998,000,000 (20.6%).
- Net income of 8,935,000,000 contributed positively to equity growth.
- Share repurchases of 999,000,000 reduced equity.
- Other factors decreased equity by 938,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.94 Billion | +21.77% |
| Share Repurchases | $999.00 Million | -2.43% |
| Other Changes | $-938.00 Million | -2.29% |
| Total Change | $- | 20.56% |
Book Value vs Market Value Analysis
This analysis compares SHIFT 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: 0.04x
- 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 |
|---|---|---|---|
| 2019-08-31 | $551.81 | $6.36 | x |
| 2020-08-31 | $661.70 | $6.36 | x |
| 2021-08-31 | $1277.88 | $6.36 | x |
| 2022-08-31 | $1455.29 | $6.36 | x |
| 2023-08-31 | $1656.29 | $6.36 | x |
| 2024-08-31 | $1933.23 | $6.36 | x |
| 2025-08-31 | $155.86 | $6.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SHIFT 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): 21.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.88%
- • Asset Turnover: 1.69x
- • Equity Multiplier: 1.88x
- Recent ROE (21.77%) is above the historical average (16.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 11.22% | 4.97% | 1.30x | 1.73x | $105.76 Million |
| 2020 | 15.68% | 5.74% | 1.45x | 1.89x | $597.44 Million |
| 2021 | 12.58% | 6.13% | 1.34x | 1.53x | $578.91 Million |
| 2022 | 19.39% | 7.67% | 1.61x | 1.57x | $2.41 Billion |
| 2023 | 21.44% | 7.09% | 1.78x | 1.70x | $3.33 Billion |
| 2024 | 15.06% | 4.63% | 1.76x | 1.84x | $1.72 Billion |
| 2025 | 21.77% | 6.88% | 1.69x | 1.88x | $4.83 Billion |
Industry Comparison
This section compares SHIFT Inc.'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 |
|---|---|---|---|---|
| SHIFT Inc. (SFTTF) | $41.03 Billion | 11.22% | 0.88x | $1.07 Billion |
| 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 |