Codrus Minerals Ltd (CDR) - Net Assets
Based on the latest financial reports, Codrus Minerals Ltd (CDR) has net assets worth AU$1.39 Million AUD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.93 Million) and total liabilities (AU$543.91K). 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 | AU$1.39 Million |
| % of Total Assets | 71.84% |
| 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. Explore and compare other companies by net assets.
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.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$1.39 Million | -30.05% |
| 2023-12-31 | AU$1.98 Million | +15.91% |
| 2022-12-31 | AU$1.71 Million | -56.26% |
| 2021-12-31 | AU$3.91 Million | -46.04% |
| 2020-12-31 | AU$7.25 Million | +517.22% |
| 2019-12-31 | AU$-1.74 Million | -44.26% |
| 2018-12-31 | AU$-1.20 Million | -43.20% |
| 2017-12-31 | AU$-841.36K | -- |
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 |
|---|---|
|
Organovo Holdings Inc
NASDAQ:ONVO
|
$3.37 Million |
|
Azincourt Energy Corp
F:A0U0
|
$3.37 Million |
|
The Biotech Growth Trust PLC
LSE:BIOG
|
$3.37 Million |
|
DSJ Keep Learning Limited
NSE:KEEPLEARN
|
$3.37 Million |
|
Bakrieland Development Tbk
JK:ELTY
|
$3.36 Million |
|
Marula Mining PLC
F:48U0
|
$3.36 Million |
|
Mynaric AG
XETRA:M0YN
|
$3.36 Million |
|
PT. Anugerah Spareparts Sejahtera Tbk
JK:AEGS
|
$3.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Codrus Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,983,668 to 1,387,635, a change of -596,033 (-30.0%).
- Net loss of 1,812,292 reduced equity.
- Share repurchases of 1,240,410 reduced equity.
- Other comprehensive income increased equity by 269,480.
- Other factors increased equity by 2,187,189.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-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: $24,481,971
- Average return on equity (ROE) among peers: -183.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Codrus Minerals Ltd (CDR) | AU$1.39 Million | 0.00% | 0.39x | $3.36 Million |
| Australasian Metals Ltd (A8G) | $7.13 Million | -4.71% | 0.03x | $2.79 Million |
| Aruma Resources Ltd (AAJ) | $2.25 Million | -50.04% | 0.07x | $8.79 Million |
| Astral Resources NL (AAR) | $588.33K | -62.34% | 0.51x | $235.76 Million |
| Antilles Gold Ltd (AAU) | $21.74 Million | -31.75% | 1.85x | $30.89 Million |
| Adelong Gold Ltd (ADG) | $10.46 Million | -19.33% | 0.07x | $9.43 Million |
| Ardiden Ltd (ADV) | $44.20K | -1635.56% | 19.20x | $51.70 Million |
| Ark Mines Ltd (AHK) | $5.02 Million | -9.90% | 0.02x | $18.17 Million |
| Aureka Ltd (AKA) | $8.93 Million | -9.70% | 0.08x | $12.25 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $1.39 Billion |
| Alchemy Resources Ltd (ALY) | $14.44 Million | -3.66% | 0.01x | $6.73 Million |
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.