Reach Resources Ltd
Reach Resources Limited engages in the exploration and evaluation of mineral resource projects in Australia. It primarily explores for gold, rare earth elements, lithium, niobium, and manganese. The company was formerly known as Cervantes Corporation Limited. Reach Resources Limited was incorporated in 2001 and is based in Perth, Australia.
Reach Resources Ltd (RR1) - Net Assets
Latest net assets as of June 2025: AU$13.98 Million AUD
Based on the latest financial reports, Reach Resources Ltd (RR1) has net assets worth AU$13.98 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$14.23 Million) and total liabilities (AU$249.15K). 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$13.98 Million |
| % of Total Assets | 98.25% |
| Annual Growth Rate | 11.83% |
| 5-Year Change | 303.86% |
| 10-Year Change | N/A |
| Growth Volatility | 121.05 |
Reach Resources Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Reach Resources 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 Reach Resources Ltd (2003–2025)
The table below shows the annual net assets of Reach Resources Ltd from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$13.98 Million | -4.83% |
| 2024-06-30 | AU$14.69 Million | +143.67% |
| 2023-06-30 | AU$6.03 Million | +9.02% |
| 2022-06-30 | AU$5.53 Million | +59.74% |
| 2021-06-30 | AU$3.46 Million | +341.65% |
| 2020-06-30 | AU$783.61K | +15.61% |
| 2019-06-30 | AU$677.78K | +60.06% |
| 2018-06-30 | AU$423.44K | +151.21% |
| 2017-06-30 | AU$-826.91K | -14.49% |
| 2016-06-30 | AU$-722.29K | -44.78% |
| 2015-06-30 | AU$-498.89K | -71.30% |
| 2014-06-30 | AU$-291.25K | -38.24% |
| 2013-06-30 | AU$-210.69K | -186.63% |
| 2012-06-30 | AU$243.21K | -50.28% |
| 2011-06-30 | AU$489.12K | +43.65% |
| 2010-06-30 | AU$340.49K | -55.77% |
| 2009-06-30 | AU$769.76K | -31.80% |
| 2008-06-30 | AU$1.13 Million | -23.43% |
| 2007-06-30 | AU$1.47 Million | -59.48% |
| 2004-06-30 | AU$3.64 Million | +204.72% |
| 2003-06-30 | AU$1.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Reach Resources 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 1546588100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$28.89 Million | 206.71% |
| Other Comprehensive Income | AU$573.33K | 4.10% |
| Total Equity | AU$13.98 Million | 100.00% |
Reach Resources Ltd Competitors by Market Cap
The table below lists competitors of Reach Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tertiary Minerals plc
PINK:TTIRF
|
$4.11 Million |
|
Norditek Group AB
ST:NOTEK
|
$4.11 Million |
|
Polwax SA
WAR:PWX
|
$4.11 Million |
|
THERMO FISHER SCIEN - Dusseldorf Stock Exchang
DU:TN8
|
$4.11 Million |
|
Nxu Inc.
NYSE:NXU
|
$4.11 Million |
|
Synergy House Berhad
KLSE:0279
|
$4.11 Million |
|
Mahaka Media Tbk
JK:ABBA
|
$4.10 Million |
|
Canada Computational Unlimited Corp
OTCQB:CCPUF
|
$4.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reach Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,685,675 to 13,976,627, a change of -709,048 (-4.8%).
- Net loss of 950,298 reduced equity.
- Other comprehensive income increased equity by 241,250.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-950.30K | -6.8% |
| Other Comprehensive Income | AU$241.25K | +1.73% |
| Total Change | AU$- | -4.83% |
Book Value vs Market Value Analysis
This analysis compares Reach Resources 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: 0.81x
- 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 0.16x to 0.81x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-06-30 | AU$0.08 | AU$0.01 | x |
| 2003-06-30 | AU$0.02 | AU$0.01 | x |
| 2004-06-30 | AU$0.03 | AU$0.01 | x |
| 2006-06-30 | AU$0.00 | AU$0.01 | x |
| 2007-06-30 | AU$0.01 | AU$0.01 | x |
| 2008-06-30 | AU$0.00 | AU$0.01 | x |
| 2009-06-30 | AU$0.00 | AU$0.01 | x |
| 2010-06-30 | AU$0.00 | AU$0.01 | x |
| 2011-06-30 | AU$0.00 | AU$0.01 | x |
| 2012-06-30 | AU$0.00 | AU$0.01 | x |
| 2013-06-30 | AU$0.00 | AU$0.01 | x |
| 2014-06-30 | AU$0.00 | AU$0.01 | x |
| 2015-06-30 | AU$0.00 | AU$0.01 | x |
| 2016-06-30 | AU$0.00 | AU$0.01 | x |
| 2017-06-30 | AU$0.00 | AU$0.01 | x |
| 2018-06-30 | AU$0.00 | AU$0.01 | x |
| 2019-06-30 | AU$0.00 | AU$0.01 | x |
| 2020-06-30 | AU$0.00 | AU$0.01 | x |
| 2021-06-30 | AU$0.00 | AU$0.01 | x |
| 2022-06-30 | AU$0.02 | AU$0.01 | x |
| 2023-06-30 | AU$0.00 | AU$0.01 | x |
| 2024-06-30 | AU$0.02 | AU$0.01 | x |
| 2025-06-30 | AU$0.02 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reach Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -413.12%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.02x
- Recent ROE (-6.80%) is above the historical average (-39.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -0.04% | 0.00% | 0.00x | 1.00x | AU$-561.67K |
| 2003 | -356.83% | -44.87% | 3.26x | 2.44x | AU$-4.38 Million |
| 2004 | -75.13% | -8.44% | 5.19x | 1.71x | AU$-3.10 Million |
| 2006 | -19.50% | -613.22% | 0.03x | 1.00x | AU$-172.56K |
| 2007 | -28.91% | -33242.82% | 0.00x | 1.01x | AU$-573.59K |
| 2008 | -30.57% | -2671.52% | 0.01x | 1.01x | AU$-457.87K |
| 2009 | -51.05% | 0.00% | 0.00x | 1.07x | AU$-469.98K |
| 2010 | -125.99% | 0.00% | 0.00x | 1.09x | AU$-463.05K |
| 2011 | 8.25% | 0.00% | 0.00x | 1.02x | AU$-8.56K |
| 2012 | -101.11% | 0.00% | 0.00x | 2.10x | AU$-270.23K |
| 2013 | 0.00% | -3464.33% | 0.04x | 0.00x | AU$-432.93K |
| 2014 | 0.00% | -158.47% | 0.13x | 0.00x | AU$-51.44K |
| 2015 | 0.00% | -2994.55% | 0.02x | 0.00x | AU$-177.76K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-151.17K |
| 2017 | 0.00% | -222811.43% | 0.00x | 0.00x | AU$-229.24K |
| 2018 | -75.10% | -66254.58% | 0.00x | 4.64x | AU$-360.37K |
| 2019 | 3.78% | 7.16% | 0.18x | 2.96x | AU$-42.16K |
| 2020 | 10.57% | 165654.00% | 0.00x | 2.75x | AU$4.47K |
| 2021 | -9.91% | -857702.50% | 0.00x | 1.14x | AU$-689.16K |
| 2022 | -8.17% | -451.49% | 0.02x | 1.10x | AU$-1.00 Million |
| 2023 | -44.13% | -40373.41% | 0.00x | 1.09x | AU$-3.26 Million |
| 2024 | 13.18% | 60.50% | 0.21x | 1.02x | AU$467.56K |
| 2025 | -6.80% | -413.12% | 0.02x | 1.02x | AU$-2.35 Million |
Industry Comparison
This section compares Reach Resources Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $23,959,302
- Average return on equity (ROE) among peers: -1270.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reach Resources Ltd (RR1) | AU$13.98 Million | -0.04% | 0.02x | $4.11 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $1.25 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $43.13 Million |
| Aruma Resources Ltd (AAJ) | $1.10 Million | -25.68% | 0.39x | $2.13 Million |
| Astral Resources NL (AAR) | $4.81K | -12574.39% | 0.18x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $911.18K | -70.31% | 0.11x | $6.07 Million |
| Ardiden Ltd (ADV) | $5.54 Million | -12.67% | 0.11x | $10.37 Million |
| Ark Mines Ltd (AHK) | $-7.71 Million | 0.00% | 0.00x | $8.35 Million |
| Aureka Ltd (AKA) | $28.36 Million | 9.46% | 0.19x | $6.23 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $203.33 Million |
| Alchemy Resources Ltd (ALY) | $9.94 Million | -8.10% | 0.02x | $4.22 Million |