Golden State Mining Ltd
Golden State Mining Limited, through its subsidiaries, engages in the acquisition, exploration, evaluation, and investment of mineral properties in Australia. The company explores for gold, lithium, nickel, copper, base metal, and rare earth element deposits. Golden State Mining Limited was incorporated in 2017 and is based in Ardross, Australia.
Golden State Mining Ltd (GSM) - Net Assets
Latest net assets as of June 2025: AU$311.06K AUD
Based on the latest financial reports, Golden State Mining Ltd (GSM) has net assets worth AU$311.06K 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$727.10K) and total liabilities (AU$416.04K). 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$311.06K |
| % of Total Assets | 42.78% |
| Annual Growth Rate | 6.46% |
| 5-Year Change | -92.25% |
| 10-Year Change | N/A |
| Growth Volatility | 388.69 |
Golden State Mining Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Golden State Mining 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 Golden State Mining Ltd (2018–2025)
The table below shows the annual net assets of Golden State Mining Ltd from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$311.06K | -79.38% |
| 2024-06-30 | AU$1.51 Million | -9.01% |
| 2023-06-30 | AU$1.66 Million | -53.13% |
| 2022-06-30 | AU$3.54 Million | -11.83% |
| 2021-06-30 | AU$4.01 Million | +89.82% |
| 2020-06-30 | AU$2.11 Million | -11.47% |
| 2019-06-30 | AU$2.39 Million | +1089.51% |
| 2018-06-30 | AU$200.73K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golden State Mining 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 1751180500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$16.37 Million | 5261.37% |
| Other Comprehensive Income | AU$1.93 Million | 621.39% |
| Total Equity | AU$311.06K | 100.00% |
Golden State Mining Ltd Competitors by Market Cap
The table below lists competitors of Golden State Mining Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ABACUS MNG
F:DGV2
|
$1.74 Million |
|
Citra Nusa Holdings Bhd
KLSE:5104
|
$1.74 Million |
|
M&T BANK - Dusseldorf Stock Exchang
DU:MTZ
|
$1.74 Million |
|
Taoping Inc
NASDAQ:TAOP
|
$1.74 Million |
|
Inca One Gold Corp
PINK:INCAF
|
$1.74 Million |
|
Austin Metals Ltd
AU:AYT
|
$1.74 Million |
|
Indal Aluminium Industry Tbk
JK:INAI
|
$1.74 Million |
|
MINERAL HILL INDUSTR.NEW
F:MLN
|
$1.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden State Mining Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,508,689 to 311,065, a change of -1,197,624 (-79.4%).
- Net loss of 1,197,624 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.20 Million | -385.01% |
| Total Change | AU$- | -79.38% |
Book Value vs Market Value Analysis
This analysis compares Golden State Mining 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: 12.57x
- 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 increased from 2.74x to 12.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | AU$0.01 | AU$0.01 | x |
| 2019-06-30 | AU$0.09 | AU$0.01 | x |
| 2020-06-30 | AU$0.06 | AU$0.01 | x |
| 2021-06-30 | AU$0.06 | AU$0.01 | x |
| 2022-06-30 | AU$0.04 | AU$0.01 | x |
| 2023-06-30 | AU$0.01 | AU$0.01 | x |
| 2024-06-30 | AU$0.01 | AU$0.01 | x |
| 2025-06-30 | AU$0.00 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden State Mining Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -385.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2111.84%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.34x
- Recent ROE (-385.01%) is below the historical average (-167.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -237.31% | 0.00% | 0.00x | 1.58x | AU$-496.42K |
| 2019 | -122.84% | -586595.20% | 0.00x | 1.21x | AU$-3.17 Million |
| 2020 | -78.70% | -6632.63% | 0.01x | 1.23x | AU$-1.87 Million |
| 2021 | -78.25% | -440.51% | 0.16x | 1.12x | AU$-3.54 Million |
| 2022 | -89.40% | -334.69% | 0.23x | 1.17x | AU$-3.52 Million |
| 2023 | -169.34% | -9359.28% | 0.01x | 1.33x | AU$-2.97 Million |
| 2024 | -179.07% | -2715.24% | 0.05x | 1.28x | AU$-2.85 Million |
| 2025 | -385.01% | -2111.84% | 0.08x | 2.34x | AU$-1.23 Million |
Industry Comparison
This section compares Golden State Mining Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $23,959,302
- Average return on equity (ROE) among peers: -1270.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden State Mining Ltd (GSM) | AU$311.06K | -237.31% | 1.34x | $1.74 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $1.25 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $43.13 Million |
| Aruma Resources Ltd (AAJ) | $1.10 Million | -25.68% | 0.39x | $2.13 Million |
| Astral Resources NL (AAR) | $4.81K | -12574.39% | 0.18x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $911.18K | -70.31% | 0.11x | $6.07 Million |
| Ardiden Ltd (ADV) | $5.54 Million | -12.67% | 0.11x | $10.37 Million |
| Ark Mines Ltd (AHK) | $-7.71 Million | 0.00% | 0.00x | $8.35 Million |
| Aureka Ltd (AKA) | $28.36 Million | 9.46% | 0.19x | $6.23 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $203.33 Million |
| Alchemy Resources Ltd (ALY) | $9.94 Million | -8.10% | 0.02x | $4.22 Million |