Golden Mile Resources Ltd (G88) - Net Assets
Based on the latest financial reports, Golden Mile Resources Ltd (G88) has net assets worth AU$3.56 Million AUD (≈ $2.52 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$3.98 Million ≈ $2.82 Million USD) and total liabilities (AU$422.88K ≈ $299.22K 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 Golden Mile Resources Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$3.56 Million |
| % of Total Assets | 89.38% |
| Annual Growth Rate | -3.32% |
| 5-Year Change | 30.23% |
| 10-Year Change | N/A |
| Growth Volatility | 57.86 |
Golden Mile Resources Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Golden Mile Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore G88 asset base for the complete picture of this company's asset base.
Annual Net Assets for Golden Mile Resources Ltd (2017–2025)
The table below shows the annual net assets of Golden Mile Resources Ltd from 2017 to 2025. For live valuation and market cap data, see market cap of Golden Mile Resources Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$3.56 Million ≈ $2.52 Million |
-42.93% |
| 2024-06-30 | AU$6.23 Million ≈ $4.41 Million |
-5.33% |
| 2023-06-30 | AU$6.58 Million ≈ $4.66 Million |
+36.74% |
| 2022-06-30 | AU$4.82 Million ≈ $3.41 Million |
+76.28% |
| 2021-06-30 | AU$2.73 Million ≈ $1.93 Million |
+116.81% |
| 2020-06-30 | AU$1.26 Million ≈ $891.46K |
-72.54% |
| 2019-06-30 | AU$4.59 Million ≈ $3.25 Million |
+12.64% |
| 2018-06-30 | AU$4.07 Million ≈ $2.88 Million |
-12.61% |
| 2017-06-30 | AU$4.66 Million ≈ $3.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Golden Mile 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 1456778700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$17.54 Million | 493.02% |
| Other Comprehensive Income | AU$998.87K | 28.08% |
| Total Equity | AU$3.56 Million | 100.00% |
Golden Mile Resources Ltd Competitors by Market Cap
The table below lists competitors of Golden Mile Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZIMI Ltd
AU:ZMM
|
$2.68 Million |
|
Thai Polycons Public Company Limited
BK:TPOLY
|
$2.68 Million |
|
Olivers Real Food Ltd
AU:OLI
|
$2.68 Million |
|
Sanichi Technology Bhd
KLSE:0133
|
$2.68 Million |
|
Traffic Technologies Ltd
AU:TTI
|
$2.67 Million |
|
CPT Global Ltd
AU:CGO
|
$2.67 Million |
|
AMMPOWER CORP.
F:601A
|
$2.67 Million |
|
Obducat AB (publ)
F:OBD
|
$2.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Mile Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,233,845 to 3,557,503, a change of -2,676,342 (-42.9%).
- Net loss of 4,007,023 reduced equity.
- Share repurchases of 1,330,250 reduced equity.
- Other comprehensive income increased equity by 73,442.
- Other factors increased equity by 2,587,489.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-4.01 Million | -112.64% |
| Share Repurchases | AU$1.33 Million | -37.39% |
| Other Comprehensive Income | AU$73.44K | +2.06% |
| Other Changes | AU$2.59 Million | +72.73% |
| Total Change | AU$- | -42.93% |
Book Value vs Market Value Analysis
This analysis compares Golden Mile 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: 0.81x
- 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 0.03x to 0.81x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | AU$0.19 | AU$0.01 | x |
| 2018-06-30 | AU$0.08 | AU$0.01 | x |
| 2019-06-30 | AU$0.08 | AU$0.01 | x |
| 2020-06-30 | AU$0.02 | AU$0.01 | x |
| 2021-06-30 | AU$0.02 | AU$0.01 | x |
| 2022-06-30 | AU$0.03 | AU$0.01 | x |
| 2023-06-30 | AU$0.03 | AU$0.01 | x |
| 2024-06-30 | AU$0.02 | AU$0.01 | x |
| 2025-06-30 | AU$0.01 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Mile Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -112.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11096.71%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.12x
- Recent ROE (-112.64%) is below the historical average (-69.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -8.85% | -89721.52% | 0.00x | 1.08x | AU$-878.82K |
| 2018 | -20.53% | -1760.14% | 0.01x | 1.08x | AU$-1.24 Million |
| 2019 | -20.69% | -6480.25% | 0.00x | 1.05x | AU$-1.41 Million |
| 2020 | -352.49% | -498988.76% | 0.00x | 1.03x | AU$-4.57 Million |
| 2021 | -45.02% | -285993.72% | 0.00x | 1.08x | AU$-1.50 Million |
| 2022 | -21.35% | -269816.27% | 0.00x | 1.07x | AU$-1.51 Million |
| 2023 | -21.06% | -15626.41% | 0.00x | 1.06x | AU$-2.05 Million |
| 2024 | -24.86% | -2104.26% | 0.01x | 1.03x | AU$-2.17 Million |
| 2025 | -112.64% | -11096.71% | 0.01x | 1.12x | AU$-4.36 Million |
Industry Comparison
This section compares Golden Mile 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: $5,711,623
- Average return on equity (ROE) among peers: -27.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Mile Resources Ltd (G88) | AU$3.56 Million | -8.85% | 0.12x | $2.67 Million |
| Morella Corporation Ltd (1MC) | $16.53 Million | -35.29% | 0.29x | $8.08 Million |
| Amaero Ltd (3DA) | $29.43 Million | -63.84% | 0.70x | $252.75 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $160.74 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $151.02 Million |
| African Gold Ltd (A1G) | $11.13 Million | -22.75% | 0.07x | $419.02 Million |
| Albright Metals Ltd (ABR) | $10.99 Million | -9.29% | 0.07x | $3.68 Million |
| Audalia Resources Ltd (ACP) | $4.75 Million | -16.80% | 1.00x | $14.72 Million |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $16.28 Million |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $3.13 Million |
| Andromeda Metals Ltd (ADN) | $11.27 Million | 35.85% | 0.04x | $26.17 Million |
About Golden Mile Resources Ltd
Golden Mile Resources Limited engages in the acquisition, exploration, and development of mineral properties in Western Australia and the United States. The company explores for gold, nickel, cobalt, copper, base metal, zinc, lithium, molybdenum, bismuth, silver, and lead deposits. Golden Mile Resources Limited was incorporated in 2016 and is based in Melbourne, Australia.