Noronex Ltd (NRX) - Net Assets
Based on the latest financial reports, Noronex Ltd (NRX) has net assets worth AU$1.40 Million AUD (≈ $993.21K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$2.44 Million ≈ $1.73 Million USD) and total liabilities (AU$1.04 Million ≈ $733.44K 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 Noronex Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$1.40 Million |
| % of Total Assets | 57.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | -82.01% |
| 10-Year Change | N/A |
| Growth Volatility | 397.87 |
Noronex Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Noronex Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Noronex Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Noronex Ltd (2016–2025)
The table below shows the annual net assets of Noronex Ltd from 2016 to 2025. For live valuation and market cap data, see NRX market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$982.28K ≈ $695.02K |
-67.85% |
| 2024-06-30 | AU$3.06 Million ≈ $2.16 Million |
+5.38% |
| 2023-06-30 | AU$2.90 Million ≈ $2.05 Million |
-36.66% |
| 2022-06-30 | AU$4.58 Million ≈ $3.24 Million |
-16.15% |
| 2021-06-30 | AU$5.46 Million ≈ $3.86 Million |
+305.57% |
| 2020-06-30 | AU$1.35 Million ≈ $952.44K |
-34.07% |
| 2019-06-30 | AU$2.04 Million ≈ $1.44 Million |
-38.41% |
| 2018-06-30 | AU$3.31 Million ≈ $2.35 Million |
+1171.27% |
| 2017-06-30 | AU$260.73K ≈ $184.48K |
+32288.89% |
| 2016-06-30 | AU$-810.00 ≈ $-573.13 |
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Equity Component Analysis
This analysis shows how different components contribute to Noronex 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 2022070500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$20.69 Million | 2174.76% |
| Other Comprehensive Income | AU$487.31K | 51.23% |
| Total Equity | AU$951.15K | 100.00% |
Noronex Ltd Competitors by Market Cap
The table below lists competitors of Noronex Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STRIP TINNING HLDG.LS-01
F:VH3
|
$4.52 Million |
|
ECS Botanics Holdings Ltd
AU:ECS
|
$4.52 Million |
|
ACG Acquisition Co. Ltd.
LSE:ACG
|
$4.52 Million |
|
Youxin Technology Ltd Class A Ordinary shares
NASDAQ:YAAS
|
$4.52 Million |
|
Vault Strategic Mining Corp.
V:KNOX
|
$4.51 Million |
|
iDimension Consolidated Bhd
KLSE:0174
|
$4.51 Million |
|
NedSense Enterprises NV
AS:NEDSE
|
$4.51 Million |
|
NEX Metals Exploration Ltd
AU:NME
|
$4.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noronex Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,018,567 to 951,155, a change of -2,067,412 (-68.5%).
- Net loss of 3,130,749 reduced equity.
- Share repurchases of 710,700 reduced equity.
- Other comprehensive income decreased equity by 33,656.
- Other factors increased equity by 1,807,693.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.13 Million | -329.15% |
| Share Repurchases | AU$710.70K | -74.72% |
| Other Comprehensive Income | AU$-33.66K | -3.54% |
| Other Changes | AU$1.81 Million | +190.05% |
| Total Change | AU$- | -68.49% |
Book Value vs Market Value Analysis
This analysis compares Noronex 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: 5.38x
- 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 |
|---|---|---|---|
| 2016-06-30 | AU$0.00 | AU$0.01 | x |
| 2017-06-30 | AU$0.01 | AU$0.01 | x |
| 2018-06-30 | AU$0.08 | AU$0.01 | x |
| 2019-06-30 | AU$0.05 | AU$0.01 | x |
| 2020-06-30 | AU$0.04 | AU$0.01 | x |
| 2021-06-30 | AU$0.04 | AU$0.01 | x |
| 2022-06-30 | AU$0.02 | 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$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noronex Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -329.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -850.37%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.32x
- Recent ROE (-329.15%) is below the historical average (-95.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-732.00 |
| 2017 | -79.78% | 0.00% | 0.00x | 1.02x | AU$-234.07K |
| 2018 | -98.56% | -36915.25% | 0.00x | 1.04x | AU$-3.60 Million |
| 2019 | -30.51% | -2385.26% | 0.01x | 1.04x | AU$-826.95K |
| 2020 | -51.67% | 0.00% | 0.00x | 1.13x | AU$-830.10K |
| 2021 | -42.08% | -1790376.67% | 0.00x | 1.12x | AU$-2.66 Million |
| 2022 | -127.12% | -66185.37% | 0.00x | 1.16x | AU$-5.98 Million |
| 2023 | -117.58% | -18628.54% | 0.01x | 1.16x | AU$-3.64 Million |
| 2024 | -83.05% | -6162.13% | 0.01x | 1.26x | AU$-2.81 Million |
| 2025 | -329.15% | -850.37% | 0.17x | 2.32x | AU$-3.23 Million |
Industry Comparison
This section compares Noronex Ltd's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $42,618,741
- Average return on equity (ROE) among peers: -231.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noronex Ltd (NRX) | AU$1.40 Million | 0.00% | 0.74x | $4.51 Million |
| Alma Metals Ltd (ALM) | $18.22 Million | -29.76% | 0.01x | $20.56 Million |
| Austral Resources Australia Ltd (AR1) | $901.74K | 355.70% | 0.11x | $109.38 Million |
| Culpeo Minerals Ltd (CPO) | $4.86 Million | -56.52% | 0.04x | $6.18 Million |
| Caravel Minerals Ltd (CVV) | $4.60 Million | -139.17% | 0.20x | $114.65 Million |
| Cyprium Metals Ltd (CYM) | $533.63K | -2206.76% | 2.56x | $149.30 Million |
| Greenx Metals Ltd (GRX) | $12.45 Million | -155.74% | 0.37x | $190.55 Million |
| Hot Chili Ltd (HCH) | $32.59 Million | -8.88% | 0.01x | $247.03 Million |
| Hillgrove Resources Ltd (HGO) | $37.94 Million | -15.43% | 0.35x | $96.63 Million |
| Kincora Copper Ltd (KCC) | $46.06 Million | -4.30% | 0.06x | $30.25 Million |
| MAC Copper Ltd (MAC) | $268.03 Million | -53.93% | 3.87x | $1.08 Billion |
About Noronex Ltd
Noronex Limited engages in the mineral exploration in Australia, Namibia, and Canada. It primarily explores for uranium and copper deposits. The company's flagship project is the Witvlei Copper project in Namibia. The company was formerly known as Lustrum Minerals Limited and changed its name to Noronex Limited in November 2020. Noronex Limited was incorporated in 2015 and is based in Subiaco, Au… Read more