Duxton Water Ltd (D2O) - Net Assets
Based on the latest financial reports, Duxton Water Ltd (D2O) has net assets worth AU$213.58 Million AUD (≈ $151.12 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$234.21 Million ≈ $165.72 Million USD) and total liabilities (AU$20.63 Million ≈ $14.60 Million 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 Duxton Water Ltd (D2O) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$213.58 Million |
| % of Total Assets | 91.19% |
| Annual Growth Rate | 13.96% |
| 5-Year Change | 35.86% |
| 10-Year Change | N/A |
| Growth Volatility | 20.33 |
Duxton Water Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Duxton Water Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Duxton Water Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Duxton Water Ltd (2016–2024)
The table below shows the annual net assets of Duxton Water Ltd from 2016 to 2024. For live valuation and market cap data, see Duxton Water Ltd (D2O) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$195.76 Million ≈ $138.51 Million |
+1.65% |
| 2023-12-31 | AU$192.59 Million ≈ $136.27 Million |
+32.94% |
| 2022-12-31 | AU$144.86 Million ≈ $102.50 Million |
-0.81% |
| 2021-12-31 | AU$146.04 Million ≈ $103.33 Million |
+1.35% |
| 2020-12-31 | AU$144.09 Million ≈ $101.95 Million |
+0.99% |
| 2019-12-31 | AU$142.68 Million ≈ $100.96 Million |
+14.12% |
| 2018-12-31 | AU$125.03 Million ≈ $88.46 Million |
+61.58% |
| 2017-12-31 | AU$77.38 Million ≈ $54.75 Million |
+12.47% |
| 2016-12-31 | AU$68.80 Million ≈ $48.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Duxton Water 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 563200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$5.40 Million | 2.76% |
| Common Stock | AU$190.36 Million | 97.24% |
| Total Equity | AU$195.76 Million | 100.00% |
Duxton Water Ltd Competitors by Market Cap
The table below lists competitors of Duxton Water Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hainan Meilan International Airport Company Limited
F:HAO
|
$168.46 Million |
|
Devyser Diagnostics AB
ST:DVYSR
|
$168.47 Million |
|
Syscom Computer Engineering Co
TW:2453
|
$168.55 Million |
|
TK Chemical Corporation
KQ:104480
|
$168.78 Million |
|
Range Capital Acquisition Corp. Ordinary Shares
NASDAQ:RANG
|
$168.39 Million |
|
Thai Nakarin Hospital Public Company Limited
BK:TNH
|
$168.31 Million |
|
Devsisters corporation
KQ:194480
|
$168.30 Million |
|
Meridian Bank
NASDAQ:MRBK
|
$168.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Duxton Water Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 192,589,000 to 195,760,000, a change of 3,171,000 (1.6%).
- Net income of 9,334,000 contributed positively to equity growth.
- Dividend payments of 9,561,000 reduced retained earnings.
- Share repurchases of 991,000 reduced equity.
- New share issuances of 4,340,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$9.33 Million | +4.77% |
| Dividends Paid | AU$9.56 Million | -4.88% |
| Share Repurchases | AU$991.00K | -0.51% |
| Share Issuances | AU$4.34 Million | +2.22% |
| Other Changes | AU$49.00K | +0.03% |
| Total Change | AU$- | 1.65% |
Book Value vs Market Value Analysis
This analysis compares Duxton Water 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: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.93x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | AU$0.52 | AU$1.53 | x |
| 2017-12-31 | AU$1.16 | AU$1.53 | x |
| 2018-12-31 | AU$1.46 | AU$1.53 | x |
| 2019-12-31 | AU$1.20 | AU$1.53 | x |
| 2020-12-31 | AU$1.09 | AU$1.53 | x |
| 2021-12-31 | AU$1.20 | AU$1.53 | x |
| 2022-12-31 | AU$1.21 | AU$1.53 | x |
| 2023-12-31 | AU$1.46 | AU$1.53 | x |
| 2024-12-31 | AU$1.26 | AU$1.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Duxton Water Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.57%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.60x
- Recent ROE (4.77%) is above the historical average (4.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.34% | -27.52% | 0.01x | 1.01x | AU$-7.11 Million |
| 2017 | 2.67% | 50.58% | 0.05x | 1.04x | AU$-5.67 Million |
| 2018 | 5.81% | 27.58% | 0.16x | 1.35x | AU$-5.24 Million |
| 2019 | 5.20% | 7.93% | 0.38x | 1.73x | AU$-6.84 Million |
| 2020 | 6.03% | 27.54% | 0.12x | 1.80x | AU$-5.71 Million |
| 2021 | 5.85% | 41.79% | 0.08x | 1.75x | AU$-6.06 Million |
| 2022 | 6.91% | 50.19% | 0.07x | 1.91x | AU$-4.48 Million |
| 2023 | 3.29% | 67.52% | 0.03x | 1.69x | AU$-12.93 Million |
| 2024 | 4.77% | 37.57% | 0.08x | 1.60x | AU$-10.24 Million |
Industry Comparison
This section compares Duxton Water Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $34,890,587
- Average return on equity (ROE) among peers: -46.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Duxton Water Ltd (D2O) | AU$213.58 Million | -0.34% | 0.10x | $168.40 Million |
| Clean TEQ Water Ltd (CNQ) | $3.98 Million | -76.35% | 2.11x | $23.78 Million |
| Rubicon Water Ltd (RWL) | $65.80 Million | -16.61% | 0.70x | $20.79 Million |
About Duxton Water Ltd
Rivco Australia Ltd provides water supply solutions to Australian irrigators. It owns and manages a portfolio of water entitlements; and offers the irrigation community with a range of water supply solutions. The company was formerly know as Duxton Water Limited and change its name to Rivco Australia Ltd in October 2025. The company was incorporated in 2016 and is based in Stirling, Australia.