Image Resources NL
Image Resources NL engages in the production and exploration of mineral sands in Western Australia. Its flagship property is the 100% owned Atlas Mineral Sands Project located in North Perth Basin in Western Australia. The company was incorporated in 1994 and is headquartered in West Perth, Australia.
Image Resources NL (IMA) - Net Assets
Latest net assets as of June 2025: AU$90.36 Million AUD
Based on the latest financial reports, Image Resources NL (IMA) has net assets worth AU$90.36 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$211.10 Million) and total liabilities (AU$120.74 Million). 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$90.36 Million |
| % of Total Assets | 42.81% |
| Annual Growth Rate | 10.94% |
| 5-Year Change | -9.71% |
| 10-Year Change | 642.03% |
| Growth Volatility | 238.61 |
Image Resources NL - Net Assets Trend (2000–2024)
This chart illustrates how Image Resources NL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Image Resources NL (2000–2024)
The table below shows the annual net assets of Image Resources NL from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$98.08 Million | -11.42% |
| 2023-12-31 | AU$110.72 Million | -4.71% |
| 2022-12-31 | AU$116.20 Million | +4.77% |
| 2021-12-31 | AU$110.90 Million | +2.09% |
| 2020-12-31 | AU$108.63 Million | +32.81% |
| 2019-12-31 | AU$81.79 Million | +43.99% |
| 2018-12-31 | AU$56.80 Million | +280.85% |
| 2017-12-31 | AU$14.91 Million | +45.62% |
| 2016-12-31 | AU$10.24 Million | -22.51% |
| 2015-12-31 | AU$13.22 Million | +1159.61% |
| 2014-12-31 | AU$1.05 Million | -29.53% |
| 2013-12-31 | AU$1.49 Million | -54.59% |
| 2012-12-31 | AU$3.28 Million | +104.17% |
| 2011-12-31 | AU$1.61 Million | -52.02% |
| 2010-12-31 | AU$3.35 Million | -60.21% |
| 2009-12-31 | AU$8.41 Million | +5.15% |
| 2008-12-31 | AU$8.00 Million | +7.82% |
| 2007-12-31 | AU$7.42 Million | +57.99% |
| 2006-12-31 | AU$4.70 Million | +33.11% |
| 2005-12-31 | AU$3.53 Million | +25.13% |
| 2004-12-31 | AU$2.82 Million | -57.26% |
| 2003-12-31 | AU$6.60 Million | +7.00% |
| 2002-12-31 | AU$6.17 Million | -10.97% |
| 2001-12-31 | AU$6.93 Million | -14.69% |
| 2000-12-31 | AU$8.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Image Resources NL'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 4273456200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$123.23 Million | 125.65% |
| Other Comprehensive Income | AU$18.49 Million | 18.86% |
| Total Equity | AU$98.08 Million | 100.00% |
Image Resources NL Competitors by Market Cap
The table below lists competitors of Image Resources NL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CONCORD ENVIRO SYSTEMS L
NSE:CEWATER
|
$18.20 Million |
|
Jindal Photo Limited
NSE:JINDALPHOT
|
$18.21 Million |
|
Galaxia SM Inc
KO:011420
|
$18.22 Million |
|
Talphera Inc.
NASDAQ:TLPH
|
$18.23 Million |
|
J.ESTINA Co.Ltd
KQ:026040
|
$18.19 Million |
|
Odyssee Technologies SA
PA:ALODY
|
$18.19 Million |
|
BIO UV Group
PA:ALTUV
|
$18.19 Million |
|
MV Oil Trust
NYSE:MVO
|
$18.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Image Resources NL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 110,720,000 to 98,080,000, a change of -12,640,000 (-11.4%).
- Net loss of 9,414,000 reduced equity.
- Other comprehensive income increased equity by 432,000.
- Other factors decreased equity by 3,658,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-9.41 Million | -9.6% |
| Other Comprehensive Income | AU$432.00K | +0.44% |
| Other Changes | AU$-3.66 Million | -3.73% |
| Total Change | AU$- | -11.42% |
Book Value vs Market Value Analysis
This analysis compares Image Resources NL'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: 0.59x
- 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 0.36x to 0.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | AU$0.14 | AU$0.05 | x |
| 2001-12-31 | AU$0.21 | AU$0.05 | x |
| 2002-12-31 | AU$0.12 | AU$0.05 | x |
| 2003-12-31 | AU$0.12 | AU$0.05 | x |
| 2004-12-31 | AU$0.05 | AU$0.05 | x |
| 2005-12-31 | AU$0.06 | AU$0.05 | x |
| 2006-12-31 | AU$0.07 | AU$0.05 | x |
| 2007-12-31 | AU$0.09 | AU$0.05 | x |
| 2008-12-31 | AU$0.09 | AU$0.05 | x |
| 2009-12-31 | AU$0.09 | AU$0.05 | x |
| 2010-12-31 | AU$0.04 | AU$0.05 | x |
| 2011-12-31 | AU$0.02 | AU$0.05 | x |
| 2012-12-31 | AU$0.03 | AU$0.05 | x |
| 2013-12-31 | AU$0.01 | AU$0.05 | x |
| 2014-12-31 | AU$0.01 | AU$0.05 | x |
| 2015-12-31 | AU$0.06 | AU$0.05 | x |
| 2016-12-31 | AU$0.03 | AU$0.05 | x |
| 2017-12-31 | AU$0.03 | AU$0.05 | x |
| 2018-12-31 | AU$0.07 | AU$0.05 | x |
| 2019-12-31 | AU$0.08 | AU$0.05 | x |
| 2020-12-31 | AU$0.11 | AU$0.05 | x |
| 2021-12-31 | AU$0.11 | AU$0.05 | x |
| 2022-12-31 | AU$0.11 | AU$0.05 | x |
| 2023-12-31 | AU$0.10 | AU$0.05 | x |
| 2024-12-31 | AU$0.09 | AU$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Image Resources NL utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.82x
- Recent ROE (-9.60%) is above the historical average (-65.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -3.55% | 0.00% | 0.00x | 1.01x | AU$-1.10 Million |
| 2001 | -5.14% | 0.00% | 0.00x | 1.02x | AU$-1.05 Million |
| 2002 | -12.33% | -708.88% | 0.02x | 1.02x | AU$-1.38 Million |
| 2003 | -18.01% | -735.91% | 0.02x | 1.03x | AU$-1.85 Million |
| 2004 | -142.34% | -5830.70% | 0.02x | 1.04x | AU$-4.30 Million |
| 2005 | -53.54% | -2915.19% | 0.02x | 1.02x | AU$-2.24 Million |
| 2006 | -63.32% | -3872.29% | 0.02x | 1.03x | AU$-3.44 Million |
| 2007 | -49.69% | -1678.46% | 0.03x | 1.05x | AU$-4.43 Million |
| 2008 | -33.90% | -507.82% | 0.06x | 1.03x | AU$-3.51 Million |
| 2009 | -34.35% | -1328.58% | 0.02x | 1.04x | AU$-3.73 Million |
| 2010 | -137.70% | -1707.17% | 0.05x | 1.56x | AU$-4.94 Million |
| 2011 | -343.08% | 0.00% | 0.00x | 1.48x | AU$-5.67 Million |
| 2012 | -199.71% | 0.00% | 0.00x | 1.19x | AU$-6.88 Million |
| 2013 | -152.23% | 0.00% | 0.00x | 1.16x | AU$-2.42 Million |
| 2014 | -312.38% | 0.00% | 0.00x | 1.35x | AU$-3.38 Million |
| 2015 | -31.80% | -31109.10% | 0.00x | 1.44x | AU$-5.48 Million |
| 2016 | -55.71% | -81910.85% | 0.00x | 1.44x | AU$-6.73 Million |
| 2017 | -53.73% | -332808.26% | 0.00x | 1.34x | AU$-9.51 Million |
| 2018 | 5.83% | 0.00% | 0.00x | 2.42x | AU$-2.37 Million |
| 2019 | 25.47% | 14.25% | 0.83x | 2.16x | AU$12.65 Million |
| 2020 | 22.81% | 14.05% | 1.03x | 1.58x | AU$13.92 Million |
| 2021 | 17.48% | 10.84% | 0.95x | 1.70x | AU$8.29 Million |
| 2022 | 13.05% | 8.84% | 0.82x | 1.80x | AU$3.55 Million |
| 2023 | -4.25% | -3.95% | 0.72x | 1.50x | AU$-15.78 Million |
| 2024 | -9.60% | 0.00% | 0.00x | 1.82x | AU$-19.22 Million |
Industry Comparison
This section compares Image Resources NL'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 |
|---|---|---|---|---|
| Image Resources NL (IMA) | AU$90.36 Million | -3.55% | 1.34x | $18.19 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 |