Bulletin Resources Ltd (BNR) - Net Assets

Latest as of June 2025: AU$13.89 Million AUD ≈ $9.83 Million USD

Based on the latest financial reports, Bulletin Resources Ltd (BNR) has net assets worth AU$13.89 Million AUD (≈ $9.83 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$15.12 Million ≈ $10.70 Million USD) and total liabilities (AU$1.23 Million ≈ $867.44K 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 Bulletin Resources Ltd (BNR) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$13.89 Million
% of Total Assets	91.89%
Annual Growth Rate	N/A
5-Year Change	171.79%
10-Year Change	824.23%
Growth Volatility	90.81

Bulletin Resources Ltd - Net Assets Trend (2010–2025)

This chart illustrates how Bulletin Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Bulletin Resources Ltd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Bulletin Resources Ltd (2010–2025)

The table below shows the annual net assets of Bulletin Resources Ltd from 2010 to 2025. For live valuation and market cap data, see Bulletin Resources Ltd (BNR) total market value.

Year	Net Assets	Change
2025-06-30	AU$13.89 Million ≈ $9.83 Million	+16.15%
2024-06-30	AU$11.96 Million ≈ $8.46 Million	+0.51%
2023-06-30	AU$11.90 Million ≈ $8.42 Million	+14.27%
2022-06-30	AU$10.41 Million ≈ $7.37 Million	+103.74%
2021-06-30	AU$5.11 Million ≈ $3.62 Million	+228.45%
2020-06-30	AU$1.56 Million ≈ $1.10 Million	-27.25%
2019-06-30	AU$2.14 Million ≈ $1.51 Million	-42.54%
2018-06-30	AU$3.72 Million ≈ $2.63 Million	-12.66%
2017-06-30	AU$4.26 Million ≈ $3.02 Million	+183.58%
2016-06-30	AU$1.50 Million ≈ $1.06 Million	-29.43%
2015-06-30	AU$2.13 Million ≈ $1.51 Million	-13.10%
2014-06-30	AU$2.45 Million ≈ $1.73 Million	+139.70%
2013-06-30	AU$1.02 Million ≈ $723.43K	-60.35%
2012-06-30	AU$2.58 Million ≈ $1.82 Million	-68.92%
2011-06-30	AU$8.30 Million ≈ $5.87 Million	+118610.99%
2010-06-30	AU$-7.00K ≈ $-4.95K	--

Equity Component Analysis

This analysis shows how different components contribute to Bulletin Resources Ltd'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 827995700.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Retained Earnings	AU$5.31 Million	38.25%
Common Stock	AU$6.04 Million	43.49%
Other Comprehensive Income	AU$2.54 Million	18.26%
Total Equity	AU$13.89 Million	100.00%

Bulletin Resources Ltd Competitors by Market Cap

The table below lists competitors of Bulletin Resources Ltd ranked by their market capitalization.

Company	Market Cap
BEYOND FRAMES ENTMT AB F:8WP	$8.31 Million
BigBen Interactive PA:BIG	$8.31 Million
Ancom Logistics Bhd KLSE:0048	$8.32 Million
SINTEZA S.A. RO:STZ	$8.32 Million
Envirotech Vehicles Inc NASDAQ:EVTV	$8.31 Million
Turbon AG F:TUR	$8.30 Million
Sanko Diecasting (Thailand) Public Company Limited BK:SANKO	$8.29 Million
ExGen Resources Inc V:EXG	$8.29 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bulletin Resources Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 11,959,129 to 13,890,223, a change of 1,931,094 (16.1%).
Net income of 1,747,500 contributed positively to equity growth.
Other comprehensive income increased equity by 183,594.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$1.75 Million	+12.58%
Other Comprehensive Income	AU$183.59K	+1.32%
Total Change	AU$-	16.15%

Book Value vs Market Value Analysis

This analysis compares Bulletin Resources Ltd'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: 0.85x
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 0.20x to 0.85x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-06-30	AU$0.20	AU$0.04	x
2012-06-30	AU$0.03	AU$0.04	x
2013-06-30	AU$0.01	AU$0.04	x
2014-06-30	AU$0.02	AU$0.04	x
2015-06-30	AU$0.01	AU$0.04	x
2016-06-30	AU$0.01	AU$0.04	x
2017-06-30	AU$0.02	AU$0.04	x
2018-06-30	AU$0.02	AU$0.04	x
2019-06-30	AU$0.01	AU$0.04	x
2020-06-30	AU$0.01	AU$0.04	x
2021-06-30	AU$0.02	AU$0.04	x
2022-06-30	AU$0.04	AU$0.04	x
2023-06-30	AU$0.04	AU$0.04	x
2024-06-30	AU$0.04	AU$0.04	x
2025-06-30	AU$0.05	AU$0.04	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bulletin Resources Ltd 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): 12.58%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: 0.00x
• Equity Multiplier: 1.09x
Recent ROE (12.58%) is above the historical average (-27.72%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	-35.67%	-1118.15%	0.03x	1.10x	AU$-3.79 Million
2012	-229.47%	-1981.59%	0.09x	1.23x	AU$-6.17 Million
2013	-374.78%	-1595.90%	0.16x	1.47x	AU$-3.93 Million
2014	37.82%	36.94%	0.97x	1.05x	AU$681.72K
2015	-29.87%	-1353631.91%	0.00x	2.63x	AU$-849.17K
2016	-69.36%	-8878.52%	0.00x	4.20x	AU$-1.19 Million
2017	377.39%	1733.07%	0.16x	1.38x	AU$15.66 Million
2018	-15.77%	-793.29%	0.02x	1.04x	AU$-959.11K
2019	-113.98%	-8526.51%	0.01x	1.10x	AU$-2.65 Million
2020	-47.99%	-206.67%	0.17x	1.33x	AU$-902.27K
2021	69.55%	191.91%	0.28x	1.28x	AU$3.04 Million
2022	4.44%	129.30%	0.03x	1.03x	AU$-578.58K
2023	4.74%	18.12%	0.24x	1.07x	AU$-626.31K
2024	-5.41%	-306.30%	0.02x	1.04x	AU$-1.84 Million
2025	12.58%	0.00%	0.00x	1.09x	AU$358.48K

Industry Comparison

This section compares Bulletin Resources Ltd's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $29,669,696
Average return on equity (ROE) among peers: -39.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bulletin Resources Ltd (BNR)	AU$13.89 Million	-35.67%	0.09x	$8.31 Million
Australasian Metals Ltd (A8G)	$7.44 Million	-13.42%	0.04x	$3.19 Million
Ariana Resources Plc (AA2)	$28.53 Million	13.52%	0.07x	$57.91 Million
Aruma Resources Ltd (AAJ)	$1.01 Million	-180.32%	0.18x	$5.69 Million
Astral Resources NL (AAR)	$22.56 Million	-16.27%	0.03x	$203.90 Million
Antilles Gold Ltd (AAU)	$28.52 Million	72.12%	1.68x	$28.68 Million
Adelong Gold Ltd (ADG)	$4.77 Million	-14.52%	0.08x	$9.43 Million
Ardiden Ltd (ADV)	$16.70 Million	-7.39%	0.03x	$61.58 Million
Australian Gold and Copper Ltd (AGC)	$16.33 Million	-10.14%	0.01x	$33.34 Million
Ark Mines Ltd (AHK)	$396.97K	-238.44%	1.49x	$16.89 Million
Alkane Resources Ltd (ALK)	$170.45 Million	-2.40%	0.12x	$1.39 Billion

About Bulletin Resources Ltd

AU:BNR Australia Gold

Market Cap

$8.31 Million

AU$11.74 Million AUD

Market Cap Rank

#27305 Global

#1395 in Australia

Share Price

AU$0.04

Change (1 day)

-6.98%

52-Week Range

AU$0.04 - AU$0.08

All Time High

AU$0.31