Top Systems-L (TOPS) - Net Assets

Latest as of June 2025: ILA83.21 Million ILA ≈ $223.08K USD

Based on the latest financial reports, Top Systems-L (TOPS) has net assets worth ILA83.21 Million ILA (≈ $223.08K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA317.64 Million ≈ $851.58K USD) and total liabilities (ILA234.43 Million ≈ $628.51K USD). 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. Check Top Systems-L liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA83.21 Million
% of Total Assets	26.2%
Annual Growth Rate	12.78%
5-Year Change	72.57%
10-Year Change	243.4%
Growth Volatility	7.31

Top Systems-L - Net Assets Trend (2008–2024)

This chart illustrates how Top Systems-L's net assets have evolved over time, based on quarterly financial data. Also explore TOPS total asset value for the complete picture of this company's asset base.

Annual Net Assets for Top Systems-L (2008–2024)

The table below shows the annual net assets of Top Systems-L from 2008 to 2024. For live valuation and market cap data, see how much is Top Systems-L worth.

Year	Net Assets	Change
2024-12-31	ILA83.81 Million ≈ $224.68K	+13.93%
2023-12-31	ILA73.56 Million ≈ $197.21K	+8.80%
2022-12-31	ILA67.61 Million ≈ $181.26K	+15.13%
2021-12-31	ILA58.73 Million ≈ $157.44K	+20.92%
2020-12-31	ILA48.56 Million ≈ $130.20K	+15.95%
2019-12-31	ILA41.89 Million ≈ $112.29K	+12.49%
2018-12-31	ILA37.23 Million ≈ $99.82K	+10.21%
2017-12-31	ILA33.78 Million ≈ $90.57K	+24.00%
2016-12-31	ILA27.25 Million ≈ $73.04K	+11.64%
2015-12-31	ILA24.41 Million ≈ $65.43K	+26.35%
2014-12-31	ILA19.32 Million ≈ $51.79K	+10.60%
2013-12-31	ILA17.46 Million ≈ $46.82K	+19.35%
2012-12-31	ILA14.63 Million ≈ $39.23K	+14.08%
2011-12-31	ILA12.83 Million ≈ $34.39K	+1.02%
2010-12-31	ILA12.70 Million ≈ $34.04K	+4.84%
2009-12-31	ILA12.11 Million ≈ $32.47K	-0.96%
2008-12-31	ILA12.23 Million ≈ $32.78K	--

Equity Component Analysis

This analysis shows how different components contribute to Top Systems-L'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 4455100000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	ILA44.55 Million	57.94%
Common Stock	ILA2.13 Million	2.76%
Other Comprehensive Income	ILA-7.32 Million	-9.52%
Other Components	ILA37.53 Million	48.81%
Total Equity	ILA76.89 Million	100.00%

Top Systems-L Competitors by Market Cap

The table below lists competitors of Top Systems-L ranked by their market capitalization.

Company	Market Cap
Century Synthetic Fiber Corp VN:STK	$70.01 Million
Arq Inc NASDAQ:ARQ	$70.02 Million
Making Science Group S.A. MC:MAKS	$70.04 Million
Goodfellow Inc. TO:GDL	$70.07 Million
Skyharbour Resources Ltd V:SYH	$69.96 Million
Crown Confec KO:005740	$69.89 Million
Fire & Gas Detection Technologies Ltd TA:FGAS	$69.89 Million
NFC Indonesia PT Tbk JK:NFCX	$69.87 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Top Systems-L's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 67,262,000 to 76,893,000, a change of 9,631,000 (14.3%).
Net income of 15,532,000 contributed positively to equity growth.
Dividend payments of 6,000,000 reduced retained earnings.
Other comprehensive income increased equity by 99,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	ILA15.53 Million	+20.2%
Dividends Paid	ILA6.00 Million	-7.8%
Other Comprehensive Income	ILA99.00K	+0.13%
Total Change	ILA-	14.32%

Book Value vs Market Value Analysis

This analysis compares Top Systems-L'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: 339.48x
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 1508.49x to 339.48x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	ILA0.82	ILA1232.00	x
2013-12-31	ILA0.89	ILA1232.00	x
2014-12-31	ILA1.09	ILA1232.00	x
2015-12-31	ILA1.31	ILA1232.00	x
2016-12-31	ILA1.37	ILA1232.00	x
2017-12-31	ILA1.51	ILA1232.00	x
2018-12-31	ILA1.66	ILA1232.00	x
2019-12-31	ILA1.87	ILA1232.00	x
2020-12-31	ILA2.19	ILA1232.00	x
2021-12-31	ILA2.65	ILA1232.00	x
2022-12-31	ILA2.85	ILA1232.00	x
2023-12-31	ILA3.17	ILA1232.00	x
2024-12-31	ILA3.63	ILA1232.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Top Systems-L 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): 20.20%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.78%
• Asset Turnover: 0.79x
• Equity Multiplier: 4.40x
Recent ROE (20.20%) is above the historical average (19.64%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	12.73%	3.29%	1.64x	2.36x	ILA395.50K
2013	14.68%	3.91%	1.49x	2.53x	ILA739.40K
2014	22.59%	7.93%	1.13x	2.53x	ILA2.43 Million
2015	19.61%	6.75%	1.33x	2.19x	ILA2.35 Million
2016	19.35%	6.88%	1.25x	2.25x	ILA2.55 Million
2017	20.50%	7.17%	0.96x	2.96x	ILA3.22 Million
2018	20.50%	6.36%	1.09x	2.96x	ILA3.60 Million
2019	17.25%	5.33%	0.99x	3.25x	ILA2.83 Million
2020	20.11%	7.39%	0.89x	3.07x	ILA4.69 Million
2021	25.08%	7.97%	0.86x	3.65x	ILA8.47 Million
2022	24.76%	6.98%	0.81x	4.36x	ILA8.90 Million
2023	18.00%	5.11%	0.82x	4.28x	ILA5.38 Million
2024	20.20%	5.78%	0.79x	4.40x	ILA7.84 Million

Industry Comparison

This section compares Top Systems-L's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $183,216,111
Average return on equity (ROE) among peers: 11.17%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Top Systems-L (TOPS)	ILA83.21 Million	12.73%	2.82x	$69.98 Million
Computer Direct (CMDR)	$326.75 Million	25.22%	2.16x	$296.89 Million
E & M Computing Ltd (EMCO)	$140.33 Million	3.17%	0.80x	$98.62 Million
Formula (FORTY)	$272.13 Million	0.07%	1.32x	$1.70 Billion
Hilan Ltd (HLAN)	$71.51 Million	32.86%	2.63x	$1.30 Billion
Magic Software Enterprises Ltd (MGIC)	$52.83 Million	-8.72%	0.40x	$736.62 Million
Malam Team (MLTM)	$445.05 Million	18.16%	1.56x	$494.90 Million
Matrix (MTRX)	$303.94 Million	13.84%	1.42x	$1.54 Billion
Speedvalue Ltd (SPDV)	$39.74 Million	15.95%	0.56x	$13.56 Million
Tondo Smart Ltd (TNDO)	$-3.31 Million	0.00%	0.00x	$40.97 Million

About Top Systems-L

TA:TOPS Israel Information Technology Services

Market Cap

$69.98 Million

ILA26.10 Billion ILA

Market Cap Rank

#20568 Global

#285 in Israel

Share Price

ILA1232.00

Change (1 day)

-0.32%

52-Week Range

ILA1171.00 - ILA1531.00

All Time High

ILA1531.00