Korab Resources Ltd
Korab Resources Limited operates as a diversified battery and precious metals mining and exploration company in Australia. The company explores for gold, silver, phosphate rock, magnesium, manganese, tin, iron ore, copper, nickel, cobalt, lead, zinc, lithium, and rare earth metals, as well as scandium, palladium, platinum, and base metals. Korab Resources Limited was incorporated in 1998 and is b… Read more
Korab Resources Ltd (KOR) - Net Assets
Latest net assets as of June 2024: AU$155.70K AUD
Based on the latest financial reports, Korab Resources Ltd (KOR) has net assets worth AU$155.70K AUD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$4.69 Million) and total liabilities (AU$4.53 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$155.70K |
| % of Total Assets | 3.32% |
| Annual Growth Rate | -1.8% |
| 5-Year Change | -91.25% |
| 10-Year Change | -85.63% |
| Growth Volatility | 103.12 |
Korab Resources Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Korab Resources 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 Korab Resources Ltd (2004–2024)
The table below shows the annual net assets of Korab Resources Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$155.70K | -85.69% |
| 2023-06-30 | AU$1.09 Million | -55.56% |
| 2022-06-30 | AU$2.45 Million | +96.10% |
| 2021-06-30 | AU$1.25 Million | -29.83% |
| 2020-06-30 | AU$1.78 Million | +4.47% |
| 2019-06-30 | AU$1.70 Million | -14.60% |
| 2018-06-30 | AU$1.99 Million | +1.00% |
| 2017-06-30 | AU$1.97 Million | +105.91% |
| 2016-06-30 | AU$958.97K | -11.49% |
| 2015-06-30 | AU$1.08 Million | +33.87% |
| 2014-06-30 | AU$809.31K | -83.99% |
| 2013-06-30 | AU$5.06 Million | +0.38% |
| 2012-06-30 | AU$5.04 Million | +13.52% |
| 2011-06-30 | AU$4.44 Million | +132.25% |
| 2010-06-30 | AU$1.91 Million | -47.12% |
| 2009-06-30 | AU$3.61 Million | -29.31% |
| 2008-06-30 | AU$5.11 Million | +24.88% |
| 2007-06-30 | AU$4.09 Million | +24.03% |
| 2006-06-30 | AU$3.30 Million | +343.28% |
| 2005-06-30 | AU$744.25K | +232.26% |
| 2004-06-30 | AU$224.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korab 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 decreased by 1899713300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$21.19 Million | 13607.37% |
| Other Comprehensive Income | AU$-2.03 Million | -1305.95% |
| Total Equity | AU$155.70K | 100.00% |
Korab Resources Ltd Competitors by Market Cap
The table below lists competitors of Korab Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HORIBA
DU:01H
|
$970.02K |
|
Ozop Surgical Corp
PINK:OZSC
|
$970.79K |
|
London City Equities Ltd
AU:LCE
|
$971.14K |
|
KRAŠ d.d.
ZSE:KRAS
|
$971.32K |
|
Fanhua Inc.
NASDAQ:AIFU
|
$969.71K |
|
Samchully Co. Ltd.
KQ:004690
|
$969.41K |
|
Mega Sun City Holdings Bhd
KLSE:0081
|
$968.31K |
|
N. Leventeris S.A.
AT:LEBEK
|
$967.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korab Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,087,792 to 155,696, a change of -932,096 (-85.7%).
- Net loss of 932,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-932.00K | -598.6% |
| Other Changes | AU$-96.00 | -0.06% |
| Total Change | AU$- | -85.69% |
Book Value vs Market Value Analysis
This analysis compares Korab 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: 18.86x
- 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 0.55x to 18.86x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | AU$0.01 | AU$0.01 | x |
| 2006-06-30 | AU$0.06 | AU$0.01 | x |
| 2007-06-30 | AU$0.07 | AU$0.01 | x |
| 2008-06-30 | AU$0.10 | AU$0.01 | x |
| 2009-06-30 | AU$0.05 | AU$0.01 | x |
| 2010-06-30 | AU$0.03 | AU$0.01 | x |
| 2011-06-30 | AU$0.06 | AU$0.01 | x |
| 2012-06-30 | AU$0.06 | AU$0.01 | x |
| 2013-06-30 | AU$0.04 | AU$0.01 | x |
| 2014-06-30 | AU$0.01 | AU$0.01 | x |
| 2015-06-30 | AU$0.01 | AU$0.01 | x |
| 2016-06-30 | AU$0.00 | AU$0.01 | x |
| 2017-06-30 | AU$0.01 | AU$0.01 | x |
| 2018-06-30 | AU$0.01 | AU$0.01 | x |
| 2019-06-30 | AU$0.01 | AU$0.01 | x |
| 2020-06-30 | AU$0.01 | AU$0.01 | x |
| 2021-06-30 | AU$0.00 | AU$0.01 | x |
| 2022-06-30 | AU$0.01 | AU$0.01 | x |
| 2023-06-30 | AU$0.00 | AU$0.01 | x |
| 2024-06-30 | AU$0.00 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korab Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -598.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -554.07%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 30.09x
- Recent ROE (-598.60%) is below the historical average (-95.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -3.71% | -920.10% | 0.00x | 1.03x | AU$-102.03K |
| 2006 | -17.16% | 0.00% | 0.00x | 1.05x | AU$-895.91K |
| 2007 | -33.16% | 0.00% | 0.00x | 1.12x | AU$-1.77 Million |
| 2008 | -23.01% | -1814.75% | 0.01x | 1.21x | AU$-1.59 Million |
| 2009 | -37.83% | -14488.89% | 0.00x | 1.55x | AU$-1.65 Million |
| 2010 | -94.53% | -3019.87% | 0.02x | 1.54x | AU$-2.07 Million |
| 2011 | -27.04% | -2706.76% | 0.01x | 1.21x | AU$-1.70 Million |
| 2012 | -27.37% | -12948.41% | 0.00x | 1.20x | AU$-1.96 Million |
| 2013 | -35.23% | 0.00% | 0.00x | 1.37x | AU$-2.29 Million |
| 2014 | -434.57% | 0.00% | 0.00x | 3.33x | AU$-3.60 Million |
| 2015 | -78.08% | -1178.27% | 0.02x | 2.77x | AU$-954.34K |
| 2016 | -115.44% | -1463.70% | 0.03x | 2.98x | AU$-1.20 Million |
| 2017 | -30.49% | -1247.02% | 0.01x | 1.81x | AU$-799.46K |
| 2018 | -24.62% | -588.94% | 0.02x | 1.93x | AU$-690.43K |
| 2019 | -31.91% | -371.03% | 0.04x | 2.39x | AU$-713.68K |
| 2020 | -40.70% | -226.38% | 0.07x | 2.53x | AU$-902.06K |
| 2021 | -99.05% | -259.51% | 0.11x | 3.49x | AU$-1.36 Million |
| 2022 | -25.00% | -1682.98% | 0.01x | 2.23x | AU$-856.80K |
| 2023 | -125.04% | -1287.58% | 0.02x | 4.22x | AU$-1.47 Million |
| 2024 | -598.60% | -554.07% | 0.04x | 30.09x | AU$-947.57K |
Industry Comparison
This section compares Korab Resources 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: $6,920,753
- Average return on equity (ROE) among peers: -17.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korab Resources Ltd (KOR) | AU$155.70K | -3.71% | 29.09x | $969.89K |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.08K |
| Morella Corporation Ltd (1MC) | $58.71 Million | -1.67% | 0.49x | $2.56 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $23.87 Million |
| Atlantic Lithium Ltd (A11) | $11.43 Million | -45.74% | 0.08x | $87.02 Million |
| African Gold Ltd (A1G) | $11.08 Million | -18.17% | 0.05x | $157.51 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | -13.29% | 0.05x | $1.27 Million |
| Audalia Resources Ltd (ACP) | $-457.00K | 0.00% | 0.00x | $893.85K |
| Accent Resources NL (ACS) | $3.38 Million | -90.68% | 4.41x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $959.07K |
| Admiralty Resources NL (ADY) | $6.41 Million | 0.00% | 0.06x | $5.70 Million |