Golden State Mining Ltd (GSM) - Net Assets
Based on the latest financial reports, Golden State Mining Ltd (GSM) has net assets worth AU$1.00 Million AUD (≈ $708.04K USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.12 Million ≈ $792.75K USD) and total liabilities (AU$119.72K ≈ $84.71K 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 GSM strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$1.00 Million |
| % of Total Assets | 89.31% |
| Annual Growth Rate | 22.24% |
| 5-Year Change | -71.71% |
| 10-Year Change | N/A |
| Growth Volatility | 364.47 |
Golden State Mining Ltd - Net Assets Trend (2018–2026)
This chart illustrates how Golden State Mining Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Golden State Mining Ltd stock valuation.
Annual Net Assets for Golden State Mining Ltd (2018–2026)
The table below shows the annual net assets of Golden State Mining Ltd from 2018 to 2026. Also explore how fast is Golden State Mining Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | AU$1.00 Million ≈ $708.04K |
+221.69% |
| 2025-06-30 | AU$311.06K ≈ $220.10K |
-79.38% |
| 2024-06-30 | AU$1.51 Million ≈ $1.07 Million |
-9.01% |
| 2023-06-30 | AU$1.66 Million ≈ $1.17 Million |
-53.13% |
| 2022-06-30 | AU$3.54 Million ≈ $2.50 Million |
-11.83% |
| 2021-06-30 | AU$4.01 Million ≈ $2.84 Million |
+89.82% |
| 2020-06-30 | AU$2.11 Million ≈ $1.50 Million |
-11.47% |
| 2019-06-30 | AU$2.39 Million ≈ $1.69 Million |
+1089.51% |
| 2018-06-30 | AU$200.73K ≈ $142.03K |
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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 1854287600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$18.06 Million | 1804.63% |
| Other Comprehensive Income | AU$1.96 Million | 196.01% |
| Total Equity | AU$1.00 Million | 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 |
|---|---|
|
CT Private Equity Trust PLC
LSE:CTPE
|
$4.10 Million |
|
Tsodilo Resources Limited
V:TSD
|
$4.10 Million |
|
Nigbas Nigde Beton Sanayi ve Ticaret AS
IS:NIBAS
|
$4.10 Million |
|
Borneo Olah Sarana Sukses PT
JK:BOSS
|
$4.10 Million |
|
Reliance Global Group Inc
NASDAQ:RELI
|
$4.09 Million |
|
Pryme BV
OL:PRYME
|
$4.09 Million |
|
Autonomix Medical, Inc. Common Stock
NASDAQ:AMIX
|
$4.09 Million |
|
Matinas BioPharma Holdings Inc
NYSE MKT:MTNB
|
$4.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden State Mining Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 311,065 to 1,000,674, a change of 689,609 (221.7%).
- Net loss of 1,031,071 reduced equity.
- Other comprehensive income increased equity by 28,500.
- Other factors increased equity by 1,692,180.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.03 Million | -103.04% |
| Other Comprehensive Income | AU$28.50K | +2.85% |
| Other Changes | AU$1.69 Million | +169.1% |
| Total Change | AU$- | 221.69% |
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: 4.94x
- 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 2.35x to 4.94x 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 |
| 2026-06-30 | AU$0.00 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden State Mining Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -103.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-103.04%) is above the historical average (-160.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -237.31% | 0.00% | 0.00x | 1.58x | AU$-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$-1.23 Million |
| 2026 | -103.04% | 0.00% | 0.00x | 1.12x | AU$-1.13 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: $25,182,834
- Average return on equity (ROE) among peers: -34.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden State Mining Ltd (GSM) | AU$1.00 Million | -237.31% | 0.12x | $4.10 Million |
| Australasian Metals Ltd (A8G) | $7.44 Million | -13.42% | 0.04x | $4.98 Million |
| Ariana Resources Plc (AA2) | $27.06 Million | 14.89% | 0.03x | $45.50 Million |
| Aruma Resources Ltd (AAJ) | $1.96 Million | -107.25% | 0.07x | $3.63 Million |
| Astral Resources NL (AAR) | $520.18K | -128.92% | 0.20x | $242.13 Million |
| Antilles Gold Ltd (AAU) | $4.86 Million | 10.22% | 0.16x | $16.24 Million |
| Adelong Gold Ltd (ADG) | $1.12 Million | -65.78% | 0.03x | $7.55 Million |
| Ardiden Ltd (ADV) | $13.92 Million | -19.79% | 0.04x | $50.94 Million |
| Australian Gold and Copper Ltd (AGC) | $16.33 Million | -10.14% | 0.01x | $25.72 Million |
| Ark Mines Ltd (AHK) | $4.41 Million | -22.56% | 0.08x | $16.38 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $1.90 Billion |
About 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.