Novo Resources Corp (NVO) - Net Assets
Based on the latest financial reports, Novo Resources Corp (NVO) has net assets worth AU$68.85 Million AUD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$86.42 Million) and total liabilities (AU$17.57 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$68.85 Million |
| % of Total Assets | 79.67% |
| Annual Growth Rate | 25.24% |
| 5-Year Change | 1200.83% |
| 10-Year Change | 2355.61% |
| Growth Volatility | 1538.94 |
Novo Resources Corp - Net Assets Trend (2011–2024)
This chart illustrates how Novo Resources Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Novo Resources Corp (2011–2024)
The table below shows the annual net assets of Novo Resources Corp from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | AU$69.50 Million | -18.17% |
| 2023-09-30 | AU$84.92 Million | -54.82% |
| 2022-09-30 | AU$187.97 Million | -40.19% |
| 2021-09-30 | AU$314.26 Million | +5782.45% |
| 2020-09-30 | AU$5.34 Million | +225.32% |
| 2019-09-30 | AU$1.64 Million | +23.80% |
| 2018-09-30 | AU$1.33 Million | -65.69% |
| 2017-09-30 | AU$3.87 Million | -52.21% |
| 2016-09-30 | AU$8.09 Million | +185.84% |
| 2015-09-30 | AU$2.83 Million | +58.63% |
| 2014-09-30 | AU$1.78 Million | -16.44% |
| 2013-09-30 | AU$2.13 Million | -21.06% |
| 2012-09-30 | AU$2.70 Million | -27.36% |
| 2011-09-30 | AU$3.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Novo Resources Corp'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 34432788600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$415.56 Million | 597.97% |
| Total Equity | AU$69.50 Million | 100.00% |
Novo Resources Corp Competitors by Market Cap
The table below lists competitors of Novo Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Green Oleo S.p.A.
F:77M
|
$17.58 Million |
|
HEBEI YICHEN GRP H YC 05
F:HE2
|
$17.58 Million |
|
EGDB11
SA:EGDB11
|
$17.59 Million |
|
Kingsrose Mining Ltd
AU:KRM
|
$17.59 Million |
|
1 Production Film Co.
TWO:8458
|
$17.56 Million |
|
Dgenx Co. Ltd
KQ:113810
|
$17.56 Million |
|
Flow Capital Corp
V:FW
|
$17.54 Million |
|
Carawine Resources Ltd
AU:CWX
|
$17.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Novo Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 84,922,000 to 69,495,000, a change of -15,427,000 (-18.2%).
- Other factors decreased equity by 15,427,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$0.00 | -0.0% |
| Other Changes | AU$-15.43 Million | -22.2% |
| Total Change | AU$- | -18.17% |
Book Value vs Market Value Analysis
This analysis compares Novo Resources Corp'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: 0.36x
- 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 decreased from 1.02x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-09-30 | AU$0.07 | AU$0.07 | x |
| 2011-09-30 | AU$0.08 | AU$0.07 | x |
| 2012-09-30 | AU$0.05 | AU$0.07 | x |
| 2013-09-30 | AU$0.04 | AU$0.07 | x |
| 2014-09-30 | AU$0.03 | AU$0.07 | x |
| 2015-09-30 | AU$0.05 | AU$0.07 | x |
| 2016-09-30 | AU$0.03 | AU$0.07 | x |
| 2017-09-30 | AU$0.01 | AU$0.07 | x |
| 2018-09-30 | AU$0.00 | AU$0.07 | x |
| 2019-09-30 | AU$0.00 | AU$0.07 | x |
| 2020-09-30 | AU$0.01 | AU$0.07 | x |
| 2021-09-30 | AU$1.28 | AU$0.07 | x |
| 2022-09-30 | AU$0.71 | AU$0.07 | x |
| 2023-09-30 | AU$0.24 | AU$0.07 | x |
| 2024-09-30 | AU$0.20 | AU$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Novo Resources Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -150.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.25x
- Recent ROE (-150.50%) is below the historical average (-65.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -15.66% | 0.00% | 0.00x | 1.00x | AU$-876.49K |
| 2011 | -21.65% | 0.00% | 0.00x | 1.03x | AU$-1.18 Million |
| 2012 | -37.84% | 0.00% | 0.00x | 1.04x | AU$-1.29 Million |
| 2013 | -26.68% | 0.00% | 0.00x | 1.02x | AU$-783.17K |
| 2014 | -20.35% | 0.00% | 0.00x | 1.04x | AU$-541.46K |
| 2015 | -2.84% | 0.00% | 0.00x | 1.03x | AU$-363.40K |
| 2016 | -61.36% | 0.00% | 0.00x | 1.19x | AU$-5.77 Million |
| 2017 | -110.72% | -5655.57% | 0.02x | 1.10x | AU$-4.67 Million |
| 2018 | -267.63% | -290.73% | 0.78x | 1.19x | AU$-3.68 Million |
| 2019 | -86.34% | -10518.32% | 0.01x | 1.07x | AU$-1.58 Million |
| 2020 | -65.72% | -1309.69% | 0.04x | 1.24x | AU$-4.05 Million |
| 2021 | -0.22% | -0.63% | 0.24x | 1.47x | AU$-32.13 Million |
| 2022 | -56.08% | 0.00% | 0.00x | 1.36x | AU$-124.21 Million |
| 2023 | -150.50% | 0.00% | 0.00x | 1.25x | AU$-136.30 Million |
Industry Comparison
This section compares Novo Resources Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $24,900,890
- Average return on equity (ROE) among peers: -2760.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Novo Resources Corp (NVO) | AU$68.85 Million | -15.66% | 0.26x | $17.56 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $2.79 Million |
| Aruma Resources Ltd (AAJ) | $4.26 Million | -76.11% | 0.14x | $8.79 Million |
| Astral Resources NL (AAR) | $1.89K | -27430.83% | 0.31x | $235.76 Million |
| Antilles Gold Ltd (AAU) | $4.53 Million | -0.02% | 0.00x | $30.89 Million |
| Adelong Gold Ltd (ADG) | $1.42 Million | -36.10% | 0.13x | $9.43 Million |
| Ardiden Ltd (ADV) | $16.70 Million | -7.39% | 0.03x | $51.70 Million |
| Australian Gold and Copper Ltd (AGC) | $35.56 Million | -3.06% | 0.02x | $31.44 Million |
| Ark Mines Ltd (AHK) | $6.40 Million | -18.50% | 0.12x | $18.17 Million |
| Aureka Ltd (AKA) | $3.84 Million | -18.30% | 0.11x | $12.25 Million |
| Alkane Resources Ltd (ALK) | $170.45 Million | -2.40% | 0.12x | $1.39 Billion |
About Novo Resources Corp
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Australia. It primarily explores for gold and copper deposits. The company holds flagship Becher Project located in the Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 201… Read more