Desoto Resources Ltd
DeSoto Resources Limited, a mineral exploration company, engages in the exploration and evaluation of mineral properties in Guinea and the Northern Territory, Australia. The company explores for gold, lithium, rare earth, and other base metal deposits. The company was incorporated in 2022 and is based in Daglish, Australia.
Desoto Resources Ltd (DES) - Net Assets
Latest net assets as of June 2025: AU$13.20 Million AUD
Based on the latest financial reports, Desoto Resources Ltd (DES) has net assets worth AU$13.20 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$14.09 Million) and total liabilities (AU$890.78K). 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$13.20 Million |
| % of Total Assets | 93.68% |
| Annual Growth Rate | 147.67% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 496.54 |
Desoto Resources Ltd - Net Assets Trend (2022–2025)
This chart illustrates how Desoto Resources 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 Desoto Resources Ltd (2022–2025)
The table below shows the annual net assets of Desoto Resources Ltd from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$13.20 Million | +45.96% |
| 2024-06-30 | AU$9.04 Million | -10.96% |
| 2023-06-30 | AU$10.15 Million | +1069.68% |
| 2022-06-30 | AU$868.04K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Desoto 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 decreased by 606249800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$17.64 Million | 133.64% |
| Other Comprehensive Income | AU$1.78 Million | 13.47% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$13.20 Million | 100.00% |
Desoto Resources Ltd Competitors by Market Cap
The table below lists competitors of Desoto Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Netcare
JSE:NTC
|
$10.17 Million |
|
Iris Business Services Limited
NSE:IRIS
|
$10.17 Million |
|
Burgundy Diamond Mines Ltd
AU:BDM
|
$10.17 Million |
|
ReVolve Renewable Power Corp.
OTCQB:REVVF
|
$10.18 Million |
|
Skylark Minerals Ltd
AU:SKM
|
$10.16 Million |
|
Izostal SA
WAR:IZS
|
$10.16 Million |
|
Selic Corp Public Company Limited
BK:SELIC
|
$10.16 Million |
|
Welcron Hantec Co.Ltd
KQ:076080
|
$10.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Desoto Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,040,919 to 13,196,072, a change of 4,155,153 (46.0%).
- Net loss of 2,908,104 reduced equity.
- Share repurchases of 4,786,590 reduced equity.
- Other comprehensive income increased equity by 842,571.
- Other factors increased equity by 11,007,276.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.91 Million | -22.04% |
| Share Repurchases | AU$4.79 Million | -36.27% |
| Other Comprehensive Income | AU$842.57K | +6.39% |
| Other Changes | AU$11.01 Million | +83.41% |
| Total Change | AU$- | 45.96% |
Book Value vs Market Value Analysis
This analysis compares Desoto 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: 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 17.31x 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 |
|---|---|---|---|
| 2022-06-30 | AU$0.01 | AU$0.15 | x |
| 2023-06-30 | AU$0.11 | AU$0.15 | x |
| 2024-06-30 | AU$0.10 | AU$0.15 | x |
| 2025-06-30 | AU$0.12 | AU$0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Desoto Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -22.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -232462.35%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-22.04%) is below the historical average (-18.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -17.81% | 0.00% | 0.00x | 1.41x | AU$-241.41K |
| 2023 | -14.38% | 0.00% | 0.00x | 1.04x | AU$-2.48 Million |
| 2024 | -18.74% | -159389.56% | 0.00x | 1.06x | AU$-2.60 Million |
| 2025 | -22.04% | -232462.35% | 0.00x | 1.07x | AU$-4.23 Million |
Industry Comparison
This section compares Desoto Resources Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,995,611
- Average return on equity (ROE) among peers: -21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Desoto Resources Ltd (DES) | AU$13.20 Million | -17.81% | 0.07x | $10.16 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.10K |
| Morella Corporation Ltd (1MC) | $5.43 Million | -6.71% | 0.57x | $2.93 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $24.91 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $71.83 Million |
| African Gold Ltd (A1G) | $6.42 Million | -11.14% | 0.01x | $170.41 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | 0.47% | 0.11x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $10.81 Million | -14.31% | 1.16x | $5.70 Million |