Gold Road Resources Ltd (GOR) - Net Assets
Based on the latest financial reports, Gold Road Resources Ltd (GOR) has net assets worth AU$1.45 Billion AUD (≈ $1.03 Billion 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$1.84 Billion ≈ $1.30 Billion USD) and total liabilities (AU$382.05 Million ≈ $270.33 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 GOR goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$1.45 Billion |
| % of Total Assets | 79.19% |
| Annual Growth Rate | N/A |
| 5-Year Change | 192.79% |
| 10-Year Change | 681.18% |
| Growth Volatility | 65.96 |
Gold Road Resources Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Gold Road Resources Ltd's net assets have evolved over time, based on quarterly financial data. See GOR cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Gold Road Resources Ltd (2004–2024)
The table below shows the annual net assets of Gold Road Resources Ltd from 2004 to 2024. For live valuation and market cap data, see Gold Road Resources Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$1.23 Billion ≈ $868.99 Million |
+30.32% |
| 2023-12-31 | AU$942.45 Million ≈ $666.84 Million |
+13.30% |
| 2022-12-31 | AU$831.83 Million ≈ $588.57 Million |
+88.42% |
| 2021-12-31 | AU$441.48 Million ≈ $312.38 Million |
+5.25% |
| 2020-12-31 | AU$419.47 Million ≈ $296.80 Million |
+24.79% |
| 2019-12-31 | AU$336.13 Million ≈ $237.83 Million |
-0.84% |
| 2018-12-31 | AU$338.97 Million ≈ $239.84 Million |
-12.36% |
| 2017-12-31 | AU$386.75 Million ≈ $273.65 Million |
-0.48% |
| 2016-12-31 | AU$388.62 Million ≈ $274.98 Million |
+147.19% |
| 2015-12-31 | AU$157.22 Million ≈ $111.24 Million |
+70.62% |
| 2014-12-31 | AU$92.14 Million ≈ $65.20 Million |
+154.43% |
| 2013-12-31 | AU$36.22 Million ≈ $25.63 Million |
+40.85% |
| 2012-12-31 | AU$25.71 Million ≈ $18.19 Million |
-37.20% |
| 2011-12-31 | AU$40.94 Million ≈ $28.97 Million |
+93.03% |
| 2010-12-31 | AU$21.21 Million ≈ $15.01 Million |
+216.87% |
| 2009-12-31 | AU$6.69 Million ≈ $4.74 Million |
+11.81% |
| 2008-12-31 | AU$5.99 Million ≈ $4.24 Million |
-0.33% |
| 2007-12-31 | AU$6.01 Million ≈ $4.25 Million |
-13.77% |
| 2006-12-31 | AU$6.97 Million ≈ $4.93 Million |
+2.37% |
| 2005-12-31 | AU$6.80 Million ≈ $4.81 Million |
+13708.15% |
| 2004-12-31 | AU$-50.00K ≈ $-35.38K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Gold Road 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 grown by 51467109000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$513.99 Million | 41.85% |
| Common Stock | AU$442.85 Million | 36.06% |
| Other Comprehensive Income | AU$271.31 Million | 22.09% |
| Total Equity | AU$1.23 Billion | 100.00% |
Gold Road Resources Ltd Competitors by Market Cap
The table below lists competitors of Gold Road Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AIMA Technology Group Co Ltd
SHG:603529
|
$2.69 Billion |
|
Dongguan Yiheda Automation Co. Ltd.
SHE:301029
|
$2.69 Billion |
|
Shanghai Jin Jiang International Hotels Development Co Ltd A
SHG:600754
|
$2.69 Billion |
|
Vidrala SA
MC:VID
|
$2.69 Billion |
|
Palomar Holdings Inc
NASDAQ:PLMR
|
$2.69 Billion |
|
Viscofan
MC:VIS
|
$2.69 Billion |
|
Mivne Real Estate KD Ltd
TA:MVNE
|
$2.69 Billion |
|
Huada Automotive Tech Corp Ltd
SHG:603358
|
$2.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold Road Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 942,445,000 to 1,228,149,000, a change of 285,704,000 (30.3%).
- Net income of 142,697,000 contributed positively to equity growth.
- Dividend payments of 13,440,000 reduced retained earnings.
- Other comprehensive income increased equity by 154,220,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$142.70 Million | +11.62% |
| Dividends Paid | AU$13.44 Million | -1.09% |
| Other Comprehensive Income | AU$154.22 Million | +12.56% |
| Other Changes | AU$2.23 Million | +0.18% |
| Total Change | AU$- | 30.32% |
Book Value vs Market Value Analysis
This analysis compares Gold Road 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: 3.08x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 116.64x to 3.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | AU$0.03 | AU$3.48 | x |
| 2006-12-31 | AU$0.03 | AU$3.48 | x |
| 2007-12-31 | AU$0.02 | AU$3.48 | x |
| 2008-12-31 | AU$0.02 | AU$3.48 | x |
| 2009-12-31 | AU$0.03 | AU$3.48 | x |
| 2010-12-31 | AU$0.08 | AU$3.48 | x |
| 2011-12-31 | AU$0.11 | AU$3.48 | x |
| 2012-12-31 | AU$0.06 | AU$3.48 | x |
| 2013-12-31 | AU$0.08 | AU$3.48 | x |
| 2014-12-31 | AU$0.16 | AU$3.48 | x |
| 2015-12-31 | AU$0.22 | AU$3.48 | x |
| 2016-12-31 | AU$0.44 | AU$3.48 | x |
| 2017-12-31 | AU$0.44 | AU$3.48 | x |
| 2018-12-31 | AU$0.39 | AU$3.48 | x |
| 2019-12-31 | AU$0.38 | AU$3.48 | x |
| 2020-12-31 | AU$0.47 | AU$3.48 | x |
| 2021-12-31 | AU$0.50 | AU$3.48 | x |
| 2022-12-31 | AU$0.84 | AU$3.48 | x |
| 2023-12-31 | AU$0.87 | AU$3.48 | x |
| 2024-12-31 | AU$1.13 | AU$3.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold Road Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.03%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.25x
- Recent ROE (11.62%) is above the historical average (-8.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -13.11% | -391.85% | 0.03x | 1.32x | AU$-1.61 Million |
| 2007 | -56.35% | -1839.67% | 0.03x | 1.03x | AU$-3.99 Million |
| 2008 | -49.76% | -6476.09% | 0.01x | 1.01x | AU$-3.58 Million |
| 2009 | -30.73% | -13954.28% | 0.00x | 1.08x | AU$-2.73 Million |
| 2010 | -14.29% | -789.06% | 0.02x | 1.06x | AU$-5.15 Million |
| 2011 | -7.07% | -328.38% | 0.02x | 1.06x | AU$-6.99 Million |
| 2012 | -88.26% | -5324.15% | 0.02x | 1.05x | AU$-25.26 Million |
| 2013 | 1.13% | 52.75% | 0.02x | 1.07x | AU$-3.21 Million |
| 2014 | -4.21% | -386.07% | 0.01x | 1.04x | AU$-13.09 Million |
| 2015 | -5.87% | -532.16% | 0.01x | 1.04x | AU$-24.95 Million |
| 2016 | 59.14% | 4585.34% | 0.01x | 1.07x | AU$190.95 Million |
| 2017 | -0.78% | -953.77% | 0.00x | 1.10x | AU$-41.71 Million |
| 2018 | -7.04% | -11691.67% | 0.00x | 1.46x | AU$-57.75 Million |
| 2019 | -1.38% | -6.17% | 0.12x | 1.81x | AU$-38.27 Million |
| 2020 | 19.27% | 27.43% | 0.47x | 1.50x | AU$38.87 Million |
| 2021 | 8.33% | 13.39% | 0.42x | 1.48x | AU$-7.36 Million |
| 2022 | 7.66% | 16.63% | 0.37x | 1.24x | AU$-19.49 Million |
| 2023 | 12.28% | 24.51% | 0.40x | 1.25x | AU$21.47 Million |
| 2024 | 11.62% | 27.03% | 0.34x | 1.25x | AU$19.88 Million |
Industry Comparison
This section compares Gold Road Resources 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 |
|---|---|---|---|---|
| Gold Road Resources Ltd (GOR) | AU$1.45 Billion | -13.11% | 0.26x | $2.69 Billion |
| 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 Gold Road Resources Ltd
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration of gold properties in Australia. Gold Road Resources Limited was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. The company was incorporated in 2004 and is based in West Perth, Australia. As of September 26, 2025, Gold Road Resources Limited operat… Read more