Resource Development Group Ltd
Resource Development Group Limited provides contracting and construction services to the resources, infrastructure, and energy sectors in Australia. The company undertakes multi-disciplinary construction and remedial works, such as detailed earthworks, civil and structural works, mechanical works, bridges, overpasses, piping works, non-process infrastructure building works, plant upgrade/modifica… Read more
Resource Development Group Ltd (RDG) - Net Assets
Latest net assets as of December 2024: AU$144.10 Million AUD
Based on the latest financial reports, Resource Development Group Ltd (RDG) has net assets worth AU$144.10 Million AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$370.54 Million) and total liabilities (AU$226.43 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$144.10 Million |
| % of Total Assets | 38.89% |
| Annual Growth Rate | 14.2% |
| 5-Year Change | 99.97% |
| 10-Year Change | 888.05% |
| Growth Volatility | 128.67 |
Resource Development Group Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Resource Development Group 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 Resource Development Group Ltd (2010–2024)
The table below shows the annual net assets of Resource Development Group Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$132.86 Million | +23.91% |
| 2023-06-30 | AU$107.22 Million | +19.34% |
| 2022-06-30 | AU$89.85 Million | +4.85% |
| 2021-06-30 | AU$85.69 Million | +28.97% |
| 2020-06-30 | AU$66.44 Million | +333.04% |
| 2019-06-30 | AU$15.34 Million | -12.30% |
| 2018-06-30 | AU$17.49 Million | -2.63% |
| 2017-06-30 | AU$17.97 Million | -6.07% |
| 2016-06-30 | AU$19.13 Million | +42.24% |
| 2015-06-30 | AU$13.45 Million | +71.56% |
| 2014-06-30 | AU$7.84 Million | -12.31% |
| 2013-06-30 | AU$8.94 Million | -38.77% |
| 2012-06-30 | AU$14.60 Million | +377.60% |
| 2011-06-30 | AU$3.06 Million | -85.24% |
| 2010-06-30 | AU$20.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Resource Development Group 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 grown by 117.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$45.13 Million | 33.96% |
| Common Stock | AU$77.99 Million | 58.69% |
| Other Comprehensive Income | AU$9.76 Million | 7.35% |
| Total Equity | AU$132.88 Million | 100.00% |
Resource Development Group Ltd Competitors by Market Cap
The table below lists competitors of Resource Development Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VANZO
KLSE:0333
|
$2.21 Million |
|
WESTERN DIGITAL - Dusseldorf Stock Exchang
DU:WDC
|
$2.22 Million |
|
Social Life Network Inc
PINK:WDLF
|
$2.22 Million |
|
Bone Biologics Corp
NASDAQ:BBLG
|
$2.22 Million |
|
Jaya Trishindo Tbk PT
JK:HELI
|
$2.21 Million |
|
Morixe Hermanos S.A. 5 Votes
BA:MORI5
|
$2.21 Million |
|
Wah Fu Education Group Ltd
NASDAQ:WAFU
|
$2.21 Million |
|
PNE PCB Bhd
KLSE:6637
|
$2.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Resource Development Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 107,243,890 to 132,881,920, a change of 25,638,030 (23.9%).
- Net income of 17,388,144 contributed positively to equity growth.
- Other comprehensive income increased equity by 5,249,886.
- Other factors increased equity by 3,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$17.39 Million | +13.09% |
| Other Comprehensive Income | AU$5.25 Million | +3.95% |
| Other Changes | AU$3.00 Million | +2.26% |
| Total Change | AU$- | 23.91% |
Book Value vs Market Value Analysis
This analysis compares Resource Development Group 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: 0.18x
- 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 increased from 0.03x to 0.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-06-30 | AU$0.23 | AU$0.01 | x |
| 2011-06-30 | AU$0.04 | AU$0.01 | x |
| 2012-06-30 | AU$0.14 | AU$0.01 | x |
| 2013-06-30 | AU$0.07 | AU$0.01 | x |
| 2014-06-30 | AU$0.06 | AU$0.01 | x |
| 2015-06-30 | AU$0.02 | AU$0.01 | x |
| 2016-06-30 | AU$0.03 | AU$0.01 | x |
| 2017-06-30 | AU$0.03 | AU$0.01 | x |
| 2018-06-30 | AU$0.03 | AU$0.01 | x |
| 2019-06-30 | AU$0.02 | AU$0.01 | x |
| 2020-06-30 | AU$0.10 | AU$0.01 | x |
| 2021-06-30 | AU$0.03 | AU$0.01 | x |
| 2022-06-30 | AU$0.03 | AU$0.01 | x |
| 2023-06-30 | AU$0.04 | AU$0.01 | x |
| 2024-06-30 | AU$0.05 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Resource Development Group 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): 13.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.77%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.66x
- Recent ROE (13.09%) is below the historical average (15.52%), 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 | 130.44% | 243.00% | 0.37x | 1.46x | AU$24.94 Million |
| 2011 | 50.13% | 11.06% | 1.65x | 2.75x | AU$1.23 Million |
| 2012 | 18.88% | 7.59% | 0.96x | 2.59x | AU$1.30 Million |
| 2013 | -65.68% | -5.73% | 5.03x | 2.28x | AU$-6.76 Million |
| 2014 | -16.69% | -4.90% | 1.76x | 1.94x | AU$-2.09 Million |
| 2015 | 73.44% | 4.25% | 3.20x | 5.40x | AU$8.53 Million |
| 2016 | 29.70% | 8.29% | 2.53x | 1.42x | AU$3.77 Million |
| 2017 | -6.50% | -12.49% | 0.47x | 1.11x | AU$-2.96 Million |
| 2018 | -2.91% | -3.19% | 0.62x | 1.47x | AU$-2.26 Million |
| 2019 | -11.44% | -4.66% | 1.29x | 1.91x | AU$-3.37 Million |
| 2020 | 2.21% | 7.03% | 0.26x | 1.19x | AU$-5.18 Million |
| 2021 | 1.31% | 1.67% | 0.56x | 1.40x | AU$-7.45 Million |
| 2022 | 4.01% | 7.11% | 0.29x | 1.93x | AU$-5.38 Million |
| 2023 | 12.80% | 24.67% | 0.24x | 2.21x | AU$3.01 Million |
| 2024 | 13.09% | 12.77% | 0.39x | 2.66x | AU$4.10 Million |
Industry Comparison
This section compares Resource Development Group Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $101,167,352
- Average return on equity (ROE) among peers: -8.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Resource Development Group Ltd (RDG) | AU$144.10 Million | 130.44% | 1.57x | $2.21 Million |
| Acrow Ltd (ACF) | $118.59 Million | -12.70% | 0.71x | $131.47 Million |
| BSA Ltd (BSA) | $23.06 Million | 0.16% | 1.12x | $6.98 Million |
| Bwe Drilling Ltd (BWE) | $47.42 Million | 4.19% | 1.23x | $24.32 Million |
| Cardno Ltd (CDD) | $4.30 Million | 0.00% | 2.62x | $1.40 Million |
| Civmec Ltd (CVL) | $488.22 Million | 13.18% | 0.86x | $287.26 Million |
| Dynamic Group Holdings Ltd (DDB) | $36.63 Million | 5.59% | 1.19x | $24.32 Million |
| DRA Global Ltd (DRA) | $250.88 Million | 9.78% | 0.67x | $18.52 Million |
| Duratec Ltd (DUR) | $30.96 Million | 25.07% | 3.45x | $179.46 Million |
| EVZ Ltd (EVZ) | $8.26 Million | -126.18% | 3.86x | $13.41 Million |
| Fleetwood Ltd (FWD) | $3.36 Million | 0.00% | 3.66x | $85.72 Million |