Ionic Rare EARTHS Ltd (IXR) - Net Assets
Based on the latest financial reports, Ionic Rare EARTHS Ltd (IXR) has net assets worth AU$29.59 Million AUD (≈ $20.94 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$32.56 Million ≈ $23.04 Million USD) and total liabilities (AU$2.97 Million ≈ $2.10 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 IXR financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$29.59 Million |
| % of Total Assets | 90.88% |
| Annual Growth Rate | 8.3% |
| 5-Year Change | 68.62% |
| 10-Year Change | 156862.48% |
| Growth Volatility | 303.63 |
Ionic Rare EARTHS Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Ionic Rare EARTHS Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Ionic Rare EARTHS Ltd for the complete picture of this company's asset base.
Annual Net Assets for Ionic Rare EARTHS Ltd (1999–2025)
The table below shows the annual net assets of Ionic Rare EARTHS Ltd from 1999 to 2025. For live valuation and market cap data, see IXR stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$29.59 Million ≈ $20.94 Million |
-18.95% |
| 2024-06-30 | AU$36.51 Million ≈ $25.83 Million |
-16.19% |
| 2023-06-30 | AU$43.56 Million ≈ $30.82 Million |
-9.53% |
| 2022-06-30 | AU$48.15 Million ≈ $34.07 Million |
+174.39% |
| 2021-06-30 | AU$17.55 Million ≈ $12.42 Million |
+421.39% |
| 2020-06-30 | AU$3.37 Million ≈ $2.38 Million |
+409.07% |
| 2019-06-30 | AU$661.17K ≈ $467.82K |
+7210.93% |
| 2018-06-30 | AU$-9.30K ≈ $-6.58K |
-103.54% |
| 2017-06-30 | AU$262.43K ≈ $185.68K |
+1291.96% |
| 2016-06-30 | AU$18.85K ≈ $13.34K |
-96.84% |
| 2015-06-30 | AU$597.00K ≈ $422.41K |
+154.71% |
| 2014-06-30 | AU$234.38K ≈ $165.84K |
-71.20% |
| 2013-06-30 | AU$813.81K ≈ $575.82K |
-84.72% |
| 2012-06-30 | AU$5.33 Million ≈ $3.77 Million |
-17.06% |
| 2011-06-30 | AU$6.42 Million ≈ $4.54 Million |
+92.00% |
| 2010-06-30 | AU$3.34 Million ≈ $2.37 Million |
+42.48% |
| 2009-06-30 | AU$2.35 Million ≈ $1.66 Million |
-65.68% |
| 2008-06-30 | AU$6.84 Million ≈ $4.84 Million |
-25.78% |
| 2007-06-30 | AU$9.22 Million ≈ $6.52 Million |
+42.33% |
| 2006-06-30 | AU$6.47 Million ≈ $4.58 Million |
+614.34% |
| 2005-06-30 | AU$906.40K ≈ $641.34K |
-61.89% |
| 2004-06-30 | AU$2.38 Million ≈ $1.68 Million |
+362.66% |
| 2003-06-30 | AU$514.06K ≈ $363.73K |
-46.40% |
| 2002-06-30 | AU$959.07K ≈ $678.60K |
-10.95% |
| 2001-06-30 | AU$1.08 Million ≈ $762.04K |
-57.30% |
| 2000-06-30 | AU$2.52 Million ≈ $1.78 Million |
-32.31% |
| 1999-06-30 | AU$3.73 Million ≈ $2.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ionic Rare EARTHS 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 7354610600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$95.09 Million | 321.32% |
| Other Comprehensive Income | AU$7.93 Million | 26.80% |
| Other Components | AU$136.40K | 0.46% |
| Total Equity | AU$29.59 Million | 100.00% |
Ionic Rare EARTHS Ltd Competitors by Market Cap
The table below lists competitors of Ionic Rare EARTHS Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Playstudios Inc
NASDAQ:MYPS
|
$44.69 Million |
|
Electrocore LLC
NASDAQ:ECOR
|
$44.70 Million |
|
Transcontinental Inc
TO:TCL-B
|
$44.70 Million |
|
XTI Aerospace, Inc.
NASDAQ:XTIA
|
$44.70 Million |
|
ALPINA HOLDINGS
F:B0M
|
$44.66 Million |
|
Mereo BioPharma Group plc
F:MAH0
|
$44.65 Million |
|
Dongyang Piston Co Ltd
KO:092780
|
$44.65 Million |
|
eSang Networks Co.Ltd
KQ:080010
|
$44.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ionic Rare EARTHS Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 36,511,264 to 29,592,136, a change of -6,919,128 (-19.0%).
- Net loss of 11,341,449 reduced equity.
- Share repurchases of 3,650,190 reduced equity.
- New share issuances of 3,650,191 increased equity.
- Other comprehensive income decreased equity by 3,768,008.
- Other factors increased equity by 8,190,328.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-11.34 Million | -38.33% |
| Share Repurchases | AU$3.65 Million | -12.34% |
| Share Issuances | AU$3.65 Million | +12.34% |
| Other Comprehensive Income | AU$-3.77 Million | -12.73% |
| Other Changes | AU$8.19 Million | +27.68% |
| Total Change | AU$- | -18.95% |
Book Value vs Market Value Analysis
This analysis compares Ionic Rare EARTHS 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: 1.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.83x to 1.63x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-06-30 | AU$0.34 | AU$0.28 | x |
| 2000-06-30 | AU$7.88 | AU$0.28 | x |
| 2001-06-30 | AU$2.92 | AU$0.28 | x |
| 2002-06-30 | AU$2.15 | AU$0.28 | x |
| 2003-06-30 | AU$0.97 | AU$0.28 | x |
| 2004-06-30 | AU$3.29 | AU$0.28 | x |
| 2005-06-30 | AU$1.09 | AU$0.28 | x |
| 2006-06-30 | AU$7.31 | AU$0.28 | x |
| 2007-06-30 | AU$8.18 | AU$0.28 | x |
| 2008-06-30 | AU$6.07 | AU$0.28 | x |
| 2009-06-30 | AU$2.08 | AU$0.28 | x |
| 2010-06-30 | AU$2.22 | AU$0.28 | x |
| 2011-06-30 | AU$3.46 | AU$0.28 | x |
| 2012-06-30 | AU$2.00 | AU$0.28 | x |
| 2013-06-30 | AU$0.25 | AU$0.28 | x |
| 2014-06-30 | AU$0.04 | AU$0.28 | x |
| 2015-06-30 | AU$0.05 | AU$0.28 | x |
| 2016-06-30 | AU$0.00 | AU$0.28 | x |
| 2017-06-30 | AU$0.01 | AU$0.28 | x |
| 2018-06-30 | AU$0.00 | AU$0.28 | x |
| 2019-06-30 | AU$0.01 | AU$0.28 | x |
| 2020-06-30 | AU$0.05 | AU$0.28 | x |
| 2021-06-30 | AU$0.18 | AU$0.28 | x |
| 2022-06-30 | AU$0.42 | AU$0.28 | x |
| 2023-06-30 | AU$0.33 | AU$0.28 | x |
| 2024-06-30 | AU$0.26 | AU$0.28 | x |
| 2025-06-30 | AU$0.17 | AU$0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ionic Rare EARTHS Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -38.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -520.04%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.10x
- Recent ROE (-38.33%) is above the historical average (-403.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -44.80% | 0.00% | 0.00x | 1.03x | AU$-1.38 Million |
| 2001 | -134.26% | -1269.92% | 0.09x | 1.12x | AU$-1.55 Million |
| 2002 | -81.75% | -259.14% | 0.27x | 1.15x | AU$-879.92K |
| 2003 | -137.49% | -144.81% | 0.45x | 2.11x | AU$-758.18K |
| 2004 | -53.59% | -135.92% | 0.34x | 1.15x | AU$-1.51 Million |
| 2005 | -164.72% | -137.54% | 0.57x | 2.11x | AU$-1.58 Million |
| 2006 | 30.59% | 103.79% | 0.18x | 1.65x | AU$1.33 Million |
| 2007 | -2.90% | -8.16% | 0.24x | 1.45x | AU$-1.19 Million |
| 2008 | 1.92% | 3.27% | 0.39x | 1.51x | AU$-552.46K |
| 2009 | -115.90% | -74.76% | 1.45x | 1.07x | AU$-2.95 Million |
| 2010 | -22.55% | 0.00% | 0.00x | 1.04x | AU$-1.09 Million |
| 2011 | 6.42% | 0.00% | 0.00x | 1.04x | AU$-229.80K |
| 2012 | -134.27% | 0.00% | 0.00x | 1.04x | AU$-7.68 Million |
| 2013 | -557.13% | 0.00% | 0.00x | 1.28x | AU$-4.62 Million |
| 2014 | -1052.78% | 0.00% | 0.00x | 1.47x | AU$-2.49 Million |
| 2015 | -263.19% | -15078.97% | 0.01x | 1.25x | AU$-1.63 Million |
| 2016 | -7089.30% | -2496.07% | 0.08x | 35.35x | AU$-1.34 Million |
| 2017 | -348.11% | -512.90% | 0.25x | 2.72x | AU$-939.77K |
| 2018 | 0.00% | -14456.81% | 0.04x | 0.00x | AU$-2.00 Million |
| 2019 | -147.97% | -1374.27% | 0.10x | 1.10x | AU$-1.04 Million |
| 2020 | -44.95% | -123002.20% | 0.00x | 1.14x | AU$-1.85 Million |
| 2021 | -13.54% | -196398.10% | 0.00x | 1.03x | AU$-4.13 Million |
| 2022 | -9.64% | -2106.81% | 0.00x | 1.02x | AU$-9.46 Million |
| 2023 | -19.60% | -309.23% | 0.06x | 1.02x | AU$-12.89 Million |
| 2024 | -58.07% | -960.82% | 0.06x | 1.03x | AU$-24.85 Million |
| 2025 | -38.33% | -520.04% | 0.07x | 1.10x | AU$-14.30 Million |
Industry Comparison
This section compares Ionic Rare EARTHS 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 |
|---|---|---|---|---|
| Ionic Rare EARTHS Ltd (IXR) | AU$29.59 Million | -44.80% | 0.10x | $44.67 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 Ionic Rare EARTHS Ltd
Ionic Rare Earths Limited engages in the mining, refining, and recycling of magnet and heavy rare earth elements in Australia, Uganda, and United Kingdom. Its flagship project is the Makuutu rare earths project that comprises six licenses covering an area of approximately 300 square kilometers located in Uganda. The company refines and recycles magnet and heavy rare earth elements for energy tran… Read more