Codrus Minerals Ltd (CDR) - Net Assets
Based on the latest financial reports, Codrus Minerals Ltd (CDR) has net assets worth AU$462.49K AUD (≈ $327.24K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$602.59K ≈ $426.37K USD) and total liabilities (AU$140.10K ≈ $99.13K 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 how tangible is Codrus Minerals Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$462.49K |
| % of Total Assets | 76.75% |
| Annual Growth Rate | N/A |
| 5-Year Change | -80.86% |
| 10-Year Change | N/A |
| Growth Volatility | 27.62 |
Codrus Minerals Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Codrus Minerals Ltd's net assets have evolved over time, based on quarterly financial data. See Codrus Minerals Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Codrus Minerals Ltd (2017–2024)
The table below shows the annual net assets of Codrus Minerals Ltd from 2017 to 2024. For live valuation and market cap data, see Codrus Minerals Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$1.39 Million ≈ $981.84K |
-30.05% |
| 2023-12-31 | AU$1.98 Million ≈ $1.40 Million |
+15.91% |
| 2022-12-31 | AU$1.71 Million ≈ $1.21 Million |
-56.26% |
| 2021-12-31 | AU$3.91 Million ≈ $2.77 Million |
-46.04% |
| 2020-12-31 | AU$7.25 Million ≈ $5.13 Million |
+517.22% |
| 2019-12-31 | AU$-1.74 Million ≈ $-1.23 Million |
-44.26% |
| 2018-12-31 | AU$-1.20 Million ≈ $-852.51K |
-43.20% |
| 2017-12-31 | AU$-841.36K ≈ $-595.32K |
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Equity Component Analysis
This analysis shows how different components contribute to Codrus Minerals 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 decreased by 1910250100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$18.71 Million | 1348.39% |
| Other Comprehensive Income | AU$2.62 Million | 188.87% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$1.39 Million | 100.00% |
Codrus Minerals Ltd Competitors by Market Cap
The table below lists competitors of Codrus Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CryptoStar Corp
V:CSTR
|
$3.37 Million |
|
Health and Plant Protein Group Ltd
AU:HPP
|
$3.37 Million |
|
Chimeric Therapeutics Ltd
AU:CHM
|
$3.37 Million |
|
DFS Furniture PLC
LSE:DFS
|
$3.37 Million |
|
HITIQ Ltd
AU:HIQ
|
$3.36 Million |
|
Beam Communications Holdings Ltd
AU:BCC
|
$3.36 Million |
|
Marula Mining PLC
F:48U0
|
$3.36 Million |
|
RanLOS AB Series B
ST:RLOS-B
|
$3.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Codrus Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,983,668 to 1,387,635, a change of -596,033 (-30.0%).
- Net loss of 1,812,292 reduced equity.
- Share repurchases of 1,240,410 reduced equity.
- Other comprehensive income increased equity by 269,480.
- Other factors increased equity by 2,187,189.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.81 Million | -130.6% |
| Share Repurchases | AU$1.24 Million | -89.39% |
| Other Comprehensive Income | AU$269.48K | +19.42% |
| Other Changes | AU$2.19 Million | +157.62% |
| Total Change | AU$- | -30.05% |
Book Value vs Market Value Analysis
This analysis compares Codrus Minerals 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: 2.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$-0.01 | AU$0.02 | x |
| 2018-12-31 | AU$-0.02 | AU$0.02 | x |
| 2019-12-31 | AU$-0.02 | AU$0.02 | x |
| 2020-12-31 | AU$0.10 | AU$0.02 | x |
| 2021-12-31 | AU$0.05 | AU$0.02 | x |
| 2022-12-31 | AU$0.02 | AU$0.02 | x |
| 2023-12-31 | AU$0.02 | AU$0.02 | x |
| 2024-12-31 | AU$0.01 | AU$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Codrus Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -130.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4141.44%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.39x
- Recent ROE (-130.60%) is below the historical average (-80.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-422.50K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-243.01K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-359.44K |
| 2020 | -88.80% | 0.00% | 0.00x | 1.04x | AU$-7.16 Million |
| 2021 | -104.65% | -375697.98% | 0.00x | 1.08x | AU$-4.49 Million |
| 2022 | -157.53% | -3814.01% | 0.04x | 1.16x | AU$-2.87 Million |
| 2023 | -159.44% | -1054.23% | 0.13x | 1.19x | AU$-3.36 Million |
| 2024 | -130.60% | -4141.44% | 0.02x | 1.39x | AU$-1.95 Million |
Industry Comparison
This section compares Codrus Minerals Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $25,668,054
- Average return on equity (ROE) among peers: -17.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Codrus Minerals Ltd (CDR) | AU$462.49K | 0.00% | 0.30x | $3.36 Million |
| Australasian Metals Ltd (A8G) | $7.13 Million | -4.71% | 0.03x | $4.06 Million |
| Ariana Resources Plc (AA2) | $28.53 Million | 13.52% | 0.07x | $61.22 Million |
| Aruma Resources Ltd (AAJ) | $3.29 Million | -92.67% | 0.06x | $6.23 Million |
| Astral Resources NL (AAR) | $4.84 Million | -26.93% | 0.09x | $172.04 Million |
| Antilles Gold Ltd (AAU) | $13.60 Million | -30.40% | 1.14x | $27.84 Million |
| Adelong Gold Ltd (ADG) | $5.99 Million | -12.99% | 0.07x | $9.43 Million |
| Ardiden Ltd (ADV) | $5.19 Million | -11.16% | 0.05x | $53.22 Million |
| Australian Gold and Copper Ltd (AGC) | $17.69 Million | -3.27% | 0.01x | $28.58 Million |
| Ark Mines Ltd (AHK) | $-3.79 Million | 0.00% | 0.00x | $16.89 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $1.49 Billion |
About Codrus Minerals Ltd
Codrus Minerals Limited engages in the exploration of mineral properties. It explores for gold, uranium, REE, nickel, and copper deposit. The company was incorporated in 2014 and is based in West Perth, Australia.