Orezone Gold Corporation (ORE) - Net Assets

Latest as of September 2025: AU$377.00 Million AUD ≈ $266.75 Million USD

Based on the latest financial reports, Orezone Gold Corporation (ORE) has net assets worth AU$377.00 Million AUD (≈ $266.75 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$598.50 Million ≈ $423.47 Million USD) and total liabilities (AU$221.49 Million ≈ $156.72 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 ORE cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$377.00 Million
% of Total Assets	62.99%
Annual Growth Rate	22.88%
5-Year Change	-51.5%
10-Year Change	86.8%
Growth Volatility	86.26

Orezone Gold Corporation - Net Assets Trend (2006–2024)

This chart illustrates how Orezone Gold Corporation's net assets have evolved over time, based on quarterly financial data. Also explore ORE asset base for the complete picture of this company's asset base.

Annual Net Assets for Orezone Gold Corporation (2006–2024)

The table below shows the annual net assets of Orezone Gold Corporation from 2006 to 2024. For live valuation and market cap data, see Orezone Gold Corporation market cap and net worth.

Year	Net Assets	Change
2024-12-31	AU$264.00 Million ≈ $186.80 Million	+80.38%
2023-12-31	AU$146.36 Million ≈ $103.56 Million	+108.12%
2022-12-31	AU$70.33 Million ≈ $49.76 Million	+30.53%
2021-12-31	AU$53.88 Million ≈ $38.12 Million	-90.10%
2020-12-31	AU$544.39 Million ≈ $385.19 Million	+13.77%
2019-12-31	AU$478.50 Million ≈ $338.57 Million	-6.83%
2018-12-31	AU$513.58 Million ≈ $363.39 Million	+38.96%
2017-12-31	AU$369.59 Million ≈ $261.51 Million	+121.46%
2016-12-31	AU$166.89 Million ≈ $118.09 Million	+18.09%
2015-12-31	AU$141.33 Million ≈ $100.00 Million	+14.39%
2014-12-31	AU$123.55 Million ≈ $87.42 Million	-12.60%
2013-12-31	AU$141.35 Million ≈ $100.02 Million	-9.03%
2012-12-31	AU$155.39 Million ≈ $109.95 Million	+157.73%
2011-12-31	AU$60.29 Million ≈ $42.66 Million	-16.02%
2010-12-31	AU$71.80 Million ≈ $50.80 Million	+192.66%
2009-12-31	AU$24.53 Million ≈ $17.36 Million	+271.00%
2008-12-31	AU$6.61 Million ≈ $4.68 Million	+17.36%
2007-12-31	AU$5.63 Million ≈ $3.99 Million	-12.83%
2006-12-31	AU$6.46 Million ≈ $4.57 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Orezone Gold Corporation'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 13330925000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	AU$359.30 Million	139.38%
Other Comprehensive Income	AU$325.00K	0.13%
Other Components	AU$31.74 Million	12.31%
Total Equity	AU$257.78 Million	100.00%

Orezone Gold Corporation Competitors by Market Cap

The table below lists competitors of Orezone Gold Corporation ranked by their market capitalization.

Company	Market Cap
China Television Media Ltd SHG:600088	$850.26 Million
Guangdong Mingzhu Group Co Ltd SHG:600382	$850.51 Million
Xuchang Yuandong Drive Shaft Co Ltd SHE:002406	$850.56 Million
SMU S.A SN:SMU	$850.64 Million
FARO Technologies Inc NASDAQ:FARO	$849.75 Million
Adaptive Plasma Technology Corp KQ:089970	$849.71 Million
N-Able Inc NYSE:NABL	$849.58 Million
General Interface Solution GIS Holding Ltd TW:6456	$849.39 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Orezone Gold Corporation's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 148,870,000 to 257,780,000, a change of 108,910,000 (73.2%).
Net income of 55,711,000 contributed positively to equity growth.
Share repurchases of 48,653,000 reduced equity.
Other comprehensive income decreased equity by 357,000.
Other factors increased equity by 102,209,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	AU$55.71 Million	+21.61%
Share Repurchases	AU$48.65 Million	-18.87%
Other Comprehensive Income	AU$-357.00K	-0.14%
Other Changes	AU$102.21 Million	+39.65%
Total Change	AU$-	73.16%

Book Value vs Market Value Analysis

This analysis compares Orezone Gold Corporation'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: 3.23x
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 decreased from 6.44x to 3.23x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	AU$0.31	AU$2.01	x
2007-12-31	AU$0.13	AU$2.01	x
2008-12-31	AU$0.12	AU$2.01	x
2009-12-31	AU$0.32	AU$2.01	x
2010-12-31	AU$0.75	AU$2.01	x
2011-12-31	AU$0.58	AU$2.01	x
2012-12-31	AU$1.38	AU$2.01	x
2013-12-31	AU$1.12	AU$2.01	x
2014-12-31	AU$0.89	AU$2.01	x
2015-12-31	AU$0.77	AU$2.01	x
2016-12-31	AU$0.78	AU$2.01	x
2017-12-31	AU$1.59	AU$2.01	x
2018-12-31	AU$1.68	AU$2.01	x
2019-12-31	AU$1.58	AU$2.01	x
2020-12-31	AU$1.89	AU$2.01	x
2021-12-31	AU$0.20	AU$2.01	x
2022-12-31	AU$0.23	AU$2.01	x
2023-12-31	AU$0.40	AU$2.01	x
2024-12-31	AU$0.62	AU$2.01	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Orezone Gold Corporation 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): 21.61%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 19.65%
• Asset Turnover: 0.63x
• Equity Multiplier: 1.74x
Recent ROE (21.61%) is above the historical average (0.44%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	-2.22%	-865.92%	0.00x	1.02x	AU$-789.62K
2007	-7.07%	-198.38%	0.04x	1.02x	AU$-961.98K
2008	-15.10%	-646.29%	0.02x	1.07x	AU$-1.59 Million
2009	-12.29%	-2306.23%	0.00x	1.20x	AU$-5.41 Million
2010	-2.86%	-1000.81%	0.00x	1.09x	AU$-9.19 Million
2011	-4.87%	-1971.09%	0.00x	1.11x	AU$-8.94 Million
2012	51.95%	499.65%	0.09x	1.16x	AU$65.18 Million
2013	-3.40%	-23.56%	0.12x	1.16x	AU$-19.07 Million
2014	-0.48%	-4.35%	0.09x	1.18x	AU$-13.01 Million
2015	-11.49%	-141.13%	0.07x	1.13x	AU$-30.58 Million
2016	8.92%	113.02%	0.07x	1.10x	AU$-1.81 Million
2017	0.38%	11.05%	0.03x	1.04x	AU$-35.55 Million
2018	8.64%	67.27%	0.07x	1.76x	AU$-6.01 Million
2019	-11.15%	-87.13%	0.07x	1.90x	AU$-88.27 Million
2020	-13.42%	-105.56%	0.06x	2.02x	AU$-117.23 Million
2021	-29.03%	0.00%	0.00x	2.20x	AU$-24.97 Million
2022	1.18%	2.14%	0.17x	3.19x	AU$-6.98 Million
2023	28.98%	15.89%	0.85x	2.15x	AU$28.26 Million
2024	21.61%	19.65%	0.63x	1.74x	AU$29.93 Million

Industry Comparison

This section compares Orezone Gold Corporation's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $7,107,544
Average return on equity (ROE) among peers: -107.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Orezone Gold Corporation (ORE)	AU$377.00 Million	-2.22%	0.59x	$850.19 Million
Australasian Metals Ltd (A8G)	$5.85 Million	-16.53%	0.05x	$3.19 Million
Ariana Resources Plc (AA2)	$21.37 Million	-1.02%	0.03x	$59.56 Million
Aruma Resources Ltd (AAJ)	$4.26 Million	-76.11%	0.14x	$5.69 Million
Astral Resources NL (AAR)	$11.28 Million	49.48%	0.09x	$197.52 Million
Antilles Gold Ltd (AAU)	$4.86 Million	10.22%	0.16x	$28.68 Million
Adelong Gold Ltd (ADG)	$2.90 Million	-71.05%	0.15x	$11.32 Million
Ardiden Ltd (ADV)	$1.30 Million	-752.46%	0.85x	$58.54 Million
Australian Gold and Copper Ltd (AGC)	$17.69 Million	-3.27%	0.01x	$33.34 Million
Ark Mines Ltd (AHK)	$1.27 Million	-210.75%	0.02x	$17.91 Million
Alkane Resources Ltd (ALK)	$303.00K	-0.66%	2.68x	$1.39 Billion

About Orezone Gold Corporation

AU:ORE Australia Gold

Market Cap

$850.19 Million

AU$1.20 Billion AUD

Market Cap Rank

#9885 Global

#248 in Australia

Share Price

AU$2.01

Change (1 day)

-2.90%

52-Week Range

AU$1.34 - AU$3.11

All Time High

AU$3.11