Latin Resources Ltd
Latin Resources Limited explores and develops mining projects in Australia, Peru, Argentina, and Brazil. The company primarily explores for lithium, copper, and gold deposits. Its flagship project is the Salinas Lithium project, which consists of approximately 38,000 hectares located in the district of Minas Gerais, Brazil. The company was incorporated in 2008 and is headquartered in West Leederv… Read more
Latin Resources Ltd (LRS) - Net Assets
Latest net assets as of June 2024: AU$103.65 Million AUD
Based on the latest financial reports, Latin Resources Ltd (LRS) has net assets worth AU$103.65 Million 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$116.48 Million) and total liabilities (AU$12.84 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$103.65 Million |
| % of Total Assets | 88.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | 907.89% |
| Growth Volatility | 369.76 |
Latin Resources Ltd - Net Assets Trend (2008–2023)
This chart illustrates how Latin 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 Latin Resources Ltd (2008–2023)
The table below shows the annual net assets of Latin Resources Ltd from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | AU$115.42 Million | +128.24% |
| 2022-12-31 | AU$50.57 Million | +280.99% |
| 2021-12-31 | AU$13.27 Million | +20.34% |
| 2020-12-31 | AU$11.03 Million | +1597.01% |
| 2019-12-31 | AU$-736.82K | -154.04% |
| 2018-12-31 | AU$1.36 Million | -73.60% |
| 2017-12-31 | AU$5.16 Million | +40.17% |
| 2016-12-31 | AU$3.68 Million | -25.77% |
| 2015-12-31 | AU$4.96 Million | -56.66% |
| 2014-12-31 | AU$11.45 Million | -6.20% |
| 2013-12-31 | AU$12.21 Million | -15.62% |
| 2012-12-31 | AU$14.47 Million | +1287.71% |
| 2011-12-31 | AU$1.04 Million | -69.90% |
| 2010-12-31 | AU$3.46 Million | +255.12% |
| 2009-12-31 | AU$-2.23 Million | -153.22% |
| 2008-12-31 | AU$-881.76K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Latin 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 9039572900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$197.54 Million | 171.14% |
| Other Comprehensive Income | AU$9.75 Million | 8.44% |
| Total Equity | AU$115.42 Million | 100.00% |
Latin Resources Ltd Competitors by Market Cap
The table below lists competitors of Latin Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Maxonic Auto Control
SHE:300112
|
$228.51 Million |
|
JBM Auto Limited
NSE:JBMA
|
$228.55 Million |
|
Artis REIT
OTCQX:ARESF
|
$228.58 Million |
|
Park Ohio Holdings Corp
NASDAQ:PKOH
|
$228.59 Million |
|
ALTERRA PWR
F:9ME
|
$228.50 Million |
|
Aju IB Investment Co. Ltd
KQ:027360
|
$228.44 Million |
|
G-Tech Optoelectronics Corp
TW:3149
|
$228.41 Million |
|
Beneteau SA
LSE:0K8N
|
$228.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Latin Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 49,867,029 to 115,424,646, a change of 65,557,617 (131.5%).
- Net loss of 19,444,222 reduced equity.
- Share repurchases of 4,339,665 reduced equity.
- New share issuances of 75,377,625 increased equity.
- Other comprehensive income decreased equity by 6,153,545.
- Other factors increased equity by 20,117,424.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-19.44 Million | -16.85% |
| Share Repurchases | AU$4.34 Million | -3.76% |
| Share Issuances | AU$75.38 Million | +65.3% |
| Other Comprehensive Income | AU$-6.15 Million | -5.33% |
| Other Changes | AU$20.12 Million | +17.43% |
| Total Change | AU$- | 131.46% |
Book Value vs Market Value Analysis
This analysis compares Latin 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: 3.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | AU$-0.29 | AU$0.17 | x |
| 2009-12-31 | AU$-0.59 | AU$0.17 | x |
| 2010-12-31 | AU$0.54 | AU$0.17 | x |
| 2011-12-31 | AU$0.13 | AU$0.17 | x |
| 2012-12-31 | AU$1.38 | AU$0.17 | x |
| 2013-12-31 | AU$1.36 | AU$0.17 | x |
| 2014-12-31 | AU$0.84 | AU$0.17 | x |
| 2015-12-31 | AU$0.25 | AU$0.17 | x |
| 2016-12-31 | AU$0.07 | AU$0.17 | x |
| 2017-12-31 | AU$0.07 | AU$0.17 | x |
| 2018-12-31 | AU$0.01 | AU$0.17 | x |
| 2019-12-31 | AU$0.00 | AU$0.17 | x |
| 2020-12-31 | AU$0.01 | AU$0.17 | x |
| 2021-12-31 | AU$0.01 | AU$0.17 | x |
| 2022-12-31 | AU$0.03 | AU$0.17 | x |
| 2023-12-31 | AU$0.05 | AU$0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Latin Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -16.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21297.30%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-16.85%) is above the historical average (-145.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-1.38 Million |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-3.00 Million |
| 2010 | -161.45% | 0.00% | 0.00x | 1.22x | AU$-5.94 Million |
| 2011 | -1089.86% | -86906.06% | 0.00x | 12.07x | AU$-11.47 Million |
| 2012 | -51.11% | -110826.12% | 0.00x | 2.03x | AU$-8.40 Million |
| 2013 | -17.91% | -3539.29% | 0.00x | 2.25x | AU$-3.41 Million |
| 2014 | -50.89% | -5499.87% | 0.00x | 2.53x | AU$-6.97 Million |
| 2015 | -245.44% | -2395.58% | 0.04x | 2.83x | AU$-12.68 Million |
| 2016 | -212.90% | -2642.45% | 0.03x | 3.04x | AU$-8.21 Million |
| 2017 | -46.12% | -8529.57% | 0.00x | 2.42x | AU$-2.90 Million |
| 2018 | -407.29% | -3094.76% | 0.01x | 9.40x | AU$-5.69 Million |
| 2019 | 0.00% | -4479.38% | 0.01x | 0.00x | AU$-5.47 Million |
| 2020 | 21.06% | 1309.59% | 0.01x | 1.21x | AU$1.22 Million |
| 2021 | -33.41% | -4741.01% | 0.01x | 1.15x | AU$-5.66 Million |
| 2022 | -14.52% | -3894.27% | 0.00x | 1.12x | AU$-12.23 Million |
| 2023 | -16.85% | -21297.30% | 0.00x | 1.06x | AU$-30.99 Million |
Industry Comparison
This section compares Latin 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: $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 |
|---|---|---|---|---|
| Latin Resources Ltd (LRS) | AU$103.65 Million | 0.00% | 0.12x | $228.51 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 |