Asure Financial Statements From 2010 to 2022

ASUR
 Stock
  

USD 5.50  0.03  0.54%   

Asure Software financial statements provide useful quarterly and yearly information to potential Asure Software investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Asure Software financial statements helps investors assess Asure Software's valuation, profitability, and current liquidity needs.
There are over one hundred eight available fundamental signals for Asure Software, which can be analyzed over time and compared to other ratios. Please make sure to validate Asure Software's prevailing fundamental performance against the performance between 2010 and 2022 to make sure the trends are evolving in the right direction.
Asure Software Tangible Asset Value is relatively stable at the moment as compared to the past year. Asure Software reported last year Tangible Asset Value of 268.66 Million. As of 08/18/2022, Working Capital is likely to grow to about 18.3 M, while Free Cash Flow is likely to drop (29.2 M).
  
Check Asure Software financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Asure main balance sheet or income statement drivers, such as Direct Expenses of 31.8 M, Consolidated Income of 3.4 M or Cost of Revenue of 23.9 M, as well as many exotic indicators such as Interest Coverage of 0.53, Long Term Debt to Equity of 0.22 or Calculated Tax Rate of 17.96. Asure financial statements analysis is a perfect complement when working with Asure Software Valuation or Volatility modules. It can also supplement Asure Software's financial leverage analysis and stock options assessment as well as various Asure Software Technical models . Please continue to the analysis of Asure Software Correlation against competitors.

Asure Software Revenues

65.23 Million

Asure Software Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets467.4 M433.2 M196.7 M
Increasing
Slightly volatile
Cash and Equivalents14.2 M13.4 M11.6 M
Increasing
Slightly volatile
Investments8.3 K8.1 K23 K
Decreasing
Slightly volatile
Investments Current8.3 K8.1 K23 K
Decreasing
Slightly volatile
Deferred Revenue5.5 M3.8 M7.8 M
Decreasing
Stable
Property Plant and Equipment Net15.9 M14.7 M6.2 M
Increasing
Slightly volatile
Inventory252.5 K246 K407.5 K
Increasing
Slightly volatile
Trade and Non Trade Receivables5.9 M5.3 M5.1 M
Increasing
Slightly volatile
Trade and Non Trade Payables579.9 K565 K1.6 M
Decreasing
Stable
Goodwill and Intangible Assets132.4 M164.6 M78.1 M
Increasing
Slightly volatile
Total Liabilities220.1 M275 M128.1 M
Increasing
Slightly volatile
Shareholders Equity170.7 M158.2 M62.7 M
Increasing
Slightly volatile
Accumulated Other Comprehensive Income(106.8 K)(99 K)(93.6 K)
Increasing
Very volatile
Current Assets269.6 M249.8 M105.8 M
Increasing
Slightly volatile
Assets Non Current147.6 M183.4 M87 M
Increasing
Slightly volatile
Current Liabilities251.2 M232.8 M101.8 M
Increasing
Slightly volatile
Liabilities Non Current41.5 M42.2 M31.9 M
Increasing
Slightly volatile
Total Debt42.6 M41.3 M34.3 M
Increasing
Slightly volatile
Debt Current4.5 M3.5 M4.4 M
Increasing
Slightly volatile
Debt Non Current38.1 M37.9 M29.9 M
Increasing
Slightly volatile
Shareholders Equity USD170.7 M158.2 M62.7 M
Increasing
Slightly volatile
Cash and Equivalents USD14.2 M13.4 M11.6 M
Increasing
Slightly volatile
Total Debt USD42.6 M41.3 M34.3 M
Increasing
Slightly volatile
Accounts Payable579.9 K565 K1.7 M
Decreasing
Very volatile
Receivables5.3 M5.3 MM
Increasing
Slightly volatile
Inventories371.6 K246 K559.5 K
Increasing
Stable

Asure Software Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues65.2 M76.1 M42.7 M
Increasing
Slightly volatile
Cost of Revenue23.9 M29.5 M14.2 M
Increasing
Slightly volatile
Selling General and Administrative Expense37.1 M43 M24.4 M
Increasing
Slightly volatile
Research and Development Expense5.1 M5.4 M3.9 M
Increasing
Slightly volatile
Operating Expenses52.7 M59.4 M36 M
Increasing
Slightly volatile
Interest Expense2.1 MM3.5 M
Increasing
Slightly volatile
Income Tax Expense865.3 K802 K(2.2 M)
Decreasing
Stable
Consolidated Income3.4 M3.2 M(148.1 K)
Increasing
Stable
Net Income3.4 M3.2 M(148.1 K)
Increasing
Stable
Net Income Common Stock3.4 M3.2 M(148.1 K)
Increasing
Stable
Weighted Average Shares15.9 M19.3 M10 M
Increasing
Slightly volatile
Weighted Average Shares Diluted15.9 M19.3 M10 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT6.5 MM1.1 M
Increasing
Stable
Revenues USD65.2 M76.1 M42.7 M
Increasing
Slightly volatile
Net Income Common Stock USD3.4 M3.2 M(148.1 K)
Increasing
Stable
Earning Before Interest and Taxes USD6.5 MM1.1 M
Increasing
Stable
Gross Profit41.4 M46.6 M28.5 M
Increasing
Slightly volatile
Operating Income(13.1 M)(12.8 M)(7.7 M)
Decreasing
Slightly volatile
Direct Expenses31.8 M29.5 M15.3 M
Increasing
Slightly volatile

Asure Software Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow Business Acquisitions and Disposals137.4 M127.4 M24 M
Increasing
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(7.4 M)(7.2 M)(1.9 M)
Decreasing
Slightly volatile
Net Cash Flow from Financing(93 M)(90.7 M)14.2 M
Decreasing
Very volatile
Issuance Repayment of Debt Securities 15.9 M14.8 M2.5 M
Decreasing
Very volatile
Issuance Purchase of Equity Shares695.8 K678 K8.5 M
Increasing
Stable
Net Cash Flow from Investing(37.9 M)(37 M)(17.8 M)
Decreasing
Stable
Net Cash Flow from Operations1.5 M1.4 M723.6 K
Decreasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (135.7 K)(132.2 K)(21.9 K)
Decreasing
Stable
Net Cash Flow or Change in Cash and Cash Equivalents(129.6 M)(126.2 M)(2.9 M)
Decreasing
Stable
Share Based Compensation3.2 MM1.1 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion19.2 M17.8 M8.2 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share0.180.17(0.112)
Increasing
Stable
Earnings per Diluted Share0.180.17(0.112)
Increasing
Stable
Earnings per Basic Share USD0.180.17(0.112)
Increasing
Stable
Return on Average Equity0.02270.021(0.2036)
Increasing
Slightly volatile
Return on Average Assets0.00860.008(0.0289)
Increasing
Slightly volatile
Return on Invested Capital0.130.124(0.1602)
Increasing
Slightly volatile
Gross Margin0.620.6120.7046
Decreasing
Slightly volatile
Profit Margin0.04530.042(0.0317)
Increasing
Stable
EBITDA Margin0.260.3140.1664
Increasing
Slightly volatile
Return on Sales0.08530.0790.0157
Increasing
Very volatile
Asset Turnover0.190.1840.5511
Decreasing
Slightly volatile
Enterprise Value over EBITDA8.027.81123.4243
Increasing
Stable
Enterprise Value over EBIT33.4531.00.7267
Decreasing
Stable
Price to Earnings Ratio49.6946.059(18.9496)
Increasing
Slightly volatile
Sales per Share4.573.9384.184
Increasing
Slightly volatile
Price to Sales Ratio1.981.9881.6564
Increasing
Stable
Price to Book Value1.010.9885.1341
Decreasing
Slightly volatile
Debt to Equity Ratio1.781.7385.1816
Decreasing
Slightly volatile
Current Ratio1.041.0730.8058
Increasing
Slightly volatile
Free Cash Flow per Share(1.51)(1.472)(0.2579)
Decreasing
Slightly volatile
Book Value per Share6.698.1934.0217
Increasing
Slightly volatile
Tangible Assets Book Value per Share11.8713.9117.6162
Increasing
Slightly volatile
Total Assets Per Share23.3421.63213.2425
Increasing
Slightly volatile
Cash Flow Per Share0.07060.06880.13
Decreasing
Slightly volatile
Return on Investment(7.61)(7.0501)(6.0025)
Decreasing
Very volatile
Operating Margin(18.18)(16.8437)(10.5179)
Decreasing
Slightly volatile
Calculated Tax Rate17.9618.0719.7584
Decreasing
Slightly volatile
Receivables Turnover16.1514.97328.4806
Increasing
Slightly volatile
Inventory Turnover91.684.892139.8831
Increasing
Slightly volatile
PPandE Turnover9.068.831316.5695
Decreasing
Slightly volatile
Cash and Equivalents Turnover3.723.62188.3144
Decreasing
Slightly volatile
Accounts Payable Turnover88.5882.098230.6495
Increasing
Slightly volatile
Accrued Expenses Turnover18.6914.769718.833
Decreasing
Slightly volatile
Interest Coverage0.530.550.5256
Increasing
Slightly volatile
Long Term Debt to Equity0.220.20932.0393
Decreasing
Slightly volatile
Quick Ratio0.04880.04760.1586
Increasing
Very volatile
Net Current Assets as percentage of Total Assets4.233.9253(7.3789)
Increasing
Slightly volatile
Revenue to Assets0.180.17560.5288
Decreasing
Slightly volatile

Asure Software Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax4.3 MM(2.4 M)
Decreasing
Very volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA25.7 M23.9 M9.3 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD25.7 M23.9 M9.3 M
Increasing
Slightly volatile
Market Capitalization127.1 M156.4 M76.8 M
Increasing
Slightly volatile
Enterprise Value163.2 M186.3 M109 M
Increasing
Slightly volatile
Invested Capital54.6 M63.7 M35 M
Increasing
Slightly volatile
Average Equity165.7 M153.6 M56.5 M
Increasing
Slightly volatile
Average Assets445.6 M413 M175.2 M
Increasing
Slightly volatile
Invested Capital Average48.5 M48.5 M37.3 M
Increasing
Slightly volatile
Tangible Asset Value289.9 M268.7 M115.1 M
Increasing
Slightly volatile
Free Cash Flow(29.2 M)(28.4 M)(6.6 M)
Decreasing
Slightly volatile
Working Capital18.3 M17 M4.1 M
Increasing
Slightly volatile
Revenue Per Employee180 K147.1 K177.4 K
Decreasing
Slightly volatile
Net Income Per Employee6.7 K6.2 K(5.4 K)
Increasing
Slightly volatile

Asure Fundamental Market Drivers

Short Percent Of Float1.73%
Forward Price Earnings31.24
Shares Short Prior Month306.48k
Average Daily Volume Last 10 Day110.75k
Average Daily Volume In Three Month50.42k
Date Short Interest15th of July 2022
Fifty Day Average5.62
Two Hundred Day Average6.82

Asure Upcoming Events

Upcoming Quarterly Report10th of March 2022
Next Financial Report9th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End10th of March 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Asure Software Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Asure Software income statement, its balance sheet, and the statement of cash flows. Asure Software investors use historical funamental indicators, such as Asure Software's revenue or net income, to determine how well the company is positioned to perform in the future. Although Asure Software investors may use each financial statement separately, they are all related. The changes in Asure Software's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Asure Software's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Asure Software Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Asure Software. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue3.8 M5.5 M
Cost of Revenue29.5 M23.9 M
Revenues76.1 M65.2 M
Revenue to Assets 0.18  0.18 
Revenue Per Employee147.1 K180 K
Asure Software, Inc. provides cloud-based human capital management solutions the United States. Asure Software, Inc. was incorporated in 1985 and is headquartered in Austin, Texas. Asure Software operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 508 people.

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Pair Trading with Asure Software

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asure Software position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asure Software will appreciate offsetting losses from the drop in the long position's value.

Moving against Asure Software

0.55BILLBill Holdings Earnings Call  TodayPairCorr
The ability to find closely correlated positions to Asure Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asure Software when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asure Software - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asure Software to buy it.
The correlation of Asure Software is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asure Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asure Software moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asure Software can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to the analysis of Asure Software Correlation against competitors. Note that the Asure Software information on this page should be used as a complementary analysis to other Asure Software's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running Asure Software price analysis, check to measure Asure Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asure Software is operating at the current time. Most of Asure Software's value examination focuses on studying past and present price action to predict the probability of Asure Software's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Asure Software's price. Additionally, you may evaluate how the addition of Asure Software to your portfolios can decrease your overall portfolio volatility.
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Is Asure Software's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Asure Software. If investors know Asure will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Asure Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
107.3 M
Quarterly Revenue Growth YOY
0.18
Return On Assets
-0.0243
Return On Equity
-0.0525
The market value of Asure Software is measured differently than its book value, which is the value of Asure that is recorded on the company's balance sheet. Investors also form their own opinion of Asure Software's value that differs from its market value or its book value, called intrinsic value, which is Asure Software's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Asure Software's market value can be influenced by many factors that don't directly affect Asure Software's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Asure Software's value and its price as these two are different measures arrived at by different means. Investors typically determine Asure Software value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asure Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.