Orexplore Technologies Ltd (OXT) - Net Assets
Based on the latest financial reports, Orexplore Technologies Ltd (OXT) has net assets worth AU$8.03 Million AUD (≈ $5.68 Million USD) as of December 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$10.11 Million ≈ $7.16 Million USD) and total liabilities (AU$2.08 Million ≈ $1.47 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 OXT goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$8.03 Million |
| % of Total Assets | 79.43% |
| Annual Growth Rate | 9.76% |
| 5-Year Change | 88.68% |
| 10-Year Change | N/A |
| Growth Volatility | 77.37 |
Orexplore Technologies Ltd - Net Assets Trend (2018–2023)
This chart illustrates how Orexplore Technologies Ltd's net assets have evolved over time, based on quarterly financial data. See Orexplore Technologies Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Orexplore Technologies Ltd (2018–2023)
The table below shows the annual net assets of Orexplore Technologies Ltd from 2018 to 2023. For live valuation and market cap data, see market cap of Orexplore Technologies Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | AU$8.03 Million ≈ $5.68 Million |
-34.19% |
| 2022-12-31 | AU$12.21 Million ≈ $8.64 Million |
-41.66% |
| 2021-12-31 | AU$20.92 Million ≈ $14.81 Million |
+148.27% |
| 2020-12-31 | AU$8.43 Million ≈ $5.96 Million |
+97.93% |
| 2019-12-31 | AU$4.26 Million ≈ $3.01 Million |
-15.57% |
| 2018-12-31 | AU$5.04 Million ≈ $3.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Orexplore Technologies 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 3557700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$42.85 Million | 533.36% |
| Other Comprehensive Income | AU$761.00K | 9.47% |
| Total Equity | AU$8.03 Million | 100.00% |
Orexplore Technologies Ltd Competitors by Market Cap
The table below lists competitors of Orexplore Technologies Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Powell Max Limited Class A Ordinary Shares
NASDAQ:PMAX
|
$2.35 Million |
|
Silver Castle Holdings Ltd
TA:SLCL
|
$2.36 Million |
|
Discovery Alaska Ltd
AU:DAF
|
$2.36 Million |
|
R&R Real Estate Investment Trust
V:RRR-UN
|
$2.36 Million |
|
DIRECTA PLUS PLC LS-0025
F:88K
|
$2.35 Million |
|
Cathedra Bitcoin Inc
V:CBIT
|
$2.35 Million |
|
Linkers Industries Limited Class A Ordinary Shares
NASDAQ:LNKS
|
$2.35 Million |
|
Hall of Fame Resort Entertainment Co
NASDAQ:HOFV
|
$2.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Orexplore Technologies Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 12,208,000 to 8,034,000, a change of -4,174,000 (-34.2%).
- Net loss of 8,190,000 reduced equity.
- Share repurchases of 347,000 reduced equity.
- New share issuances of 4,129,000 increased equity.
- Other comprehensive income increased equity by 319,000.
- Other factors decreased equity by 85,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-8.19 Million | -101.94% |
| Share Repurchases | AU$347.00K | -4.32% |
| Share Issuances | AU$4.13 Million | +51.39% |
| Other Comprehensive Income | AU$319.00K | +3.97% |
| Other Changes | AU$-85.00K | -1.06% |
| Total Change | AU$- | -34.19% |
Book Value vs Market Value Analysis
This analysis compares Orexplore Technologies 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: 0.27x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.05 | AU$0.02 | x |
| 2019-12-31 | AU$0.04 | AU$0.02 | x |
| 2020-12-31 | AU$0.08 | AU$0.02 | x |
| 2021-12-31 | AU$0.19 | AU$0.02 | x |
| 2022-12-31 | AU$0.11 | AU$0.02 | x |
| 2023-12-31 | AU$0.06 | AU$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Orexplore Technologies Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -101.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -247.73%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.26x
- Recent ROE (-101.94%) is below the historical average (-72.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -70.37% | -14196.00% | 0.00x | 2.03x | AU$-4.05 Million |
| 2019 | -109.23% | -8159.65% | 0.01x | 2.42x | AU$-5.08 Million |
| 2020 | -46.62% | -2194.97% | 0.02x | 1.19x | AU$-4.77 Million |
| 2021 | -18.07% | -47250.00% | 0.00x | 1.11x | AU$-5.87 Million |
| 2022 | -85.81% | -864.36% | 0.08x | 1.19x | AU$-11.70 Million |
| 2023 | -101.94% | -247.73% | 0.33x | 1.26x | AU$-8.99 Million |
Industry Comparison
This section compares Orexplore Technologies Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $7,658,672
- Average return on equity (ROE) among peers: -182.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Orexplore Technologies Ltd (OXT) | AU$8.03 Million | -70.37% | 0.26x | $2.35 Million |
| Catapult Group International Ltd (CAT) | $9.06 Million | -47.57% | 0.83x | $695.34 Million |
| Codan Ltd (CDA) | $21.36 Million | 43.07% | 3.03x | $5.61 Billion |
| Dorsavi Ltd (DVL) | $2.84 Million | -53.52% | 0.40x | $32.72 Million |
| HYDRIX Ltd (HYD) | $955.88K | -531.55% | 7.70x | $772.01K |
| Ikegps Group Ltd (IKE) | $25.75 Million | -29.30% | 1.01x | $142.84 Million |
| Optiscan Imaging Ltd (OIL) | $-749.65K | 0.00% | 0.00x | $96.05 Million |
| Structural Monitoring Systems Plc (SMN) | $502.55K | -184.74% | 0.19x | $40.19 Million |
| X2M Connect Ltd (X2M) | $1.56 Million | -657.96% | 4.25x | $4.19 Million |
About Orexplore Technologies Ltd
Orexplore Technologies Limited engages in the mineral technology business in Europe, Australia, Africa, North America, and South America. The company offers GeoCore X10, a transportable X-ray rock mass scanning unit, through which drill core can be digitized by creating a three-dimensional data set, which facilitates "through the rock' analysis of features, such as internal structures, textures, … Read more