SKY Metals Ltd (SKY) - Net Assets
Based on the latest financial reports, SKY Metals Ltd (SKY) has net assets worth AU$20.46 Million AUD (≈ $14.48 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$21.94 Million ≈ $15.53 Million USD) and total liabilities (AU$1.48 Million ≈ $1.05 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 SKY asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$20.46 Million |
| % of Total Assets | 93.24% |
| Annual Growth Rate | 1.47% |
| 5-Year Change | 122831.81% |
| 10-Year Change | 3366764.04% |
| Growth Volatility | 26417.14 |
SKY Metals Ltd - Net Assets Trend (2003–2024)
This chart illustrates how SKY Metals Ltd's net assets have evolved over time, based on quarterly financial data. Also explore SKY total assets for the complete picture of this company's asset base.
Annual Net Assets for SKY Metals Ltd (2003–2024)
The table below shows the annual net assets of SKY Metals Ltd from 2003 to 2024. For live valuation and market cap data, see SKY Metals Ltd (SKY) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$20.46 Million ≈ $14.48 Million |
+19.35% |
| 2023-12-31 | AU$17.14 Million ≈ $12.13 Million |
+115340.53% |
| 2022-12-31 | AU$14.85K ≈ $10.51K |
-27.77% |
| 2021-12-31 | AU$20.56K ≈ $14.55K |
+23.52% |
| 2020-12-31 | AU$16.64K ≈ $11.78K |
+137.59% |
| 2019-12-31 | AU$7.00K ≈ $4.96K |
+1862.12% |
| 2018-12-31 | AU$-397.52 ≈ $-281.27 |
+67.21% |
| 2017-12-31 | AU$-1.21K ≈ $-857.78 |
-114.89% |
| 2016-12-31 | AU$-564.16 ≈ $-399.18 |
-192.84% |
| 2015-12-31 | AU$607.66 ≈ $429.96 |
-86.20% |
| 2014-12-31 | AU$4.40K ≈ $3.11K |
-99.91% |
| 2013-12-31 | AU$5.13 Million ≈ $3.63 Million |
+364.39% |
| 2012-12-31 | AU$1.11 Million ≈ $782.36K |
-83.66% |
| 2011-12-31 | AU$6.77 Million ≈ $4.79 Million |
-46.96% |
| 2010-12-31 | AU$12.75 Million ≈ $9.02 Million |
-26.78% |
| 2009-12-31 | AU$17.42 Million ≈ $12.32 Million |
+307.23% |
| 2008-12-31 | AU$4.28 Million ≈ $3.03 Million |
-78.74% |
| 2007-12-31 | AU$20.12 Million ≈ $14.24 Million |
+15.79% |
| 2006-12-31 | AU$17.38 Million ≈ $12.30 Million |
+2.84% |
| 2005-12-31 | AU$16.90 Million ≈ $11.96 Million |
-6.72% |
| 2004-12-31 | AU$18.12 Million ≈ $12.82 Million |
+20.29% |
| 2003-12-31 | AU$15.06 Million ≈ $10.66 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to SKY Metals 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 6743182300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$87.21 Million | 426.24% |
| Other Comprehensive Income | AU$1.32 Million | 6.43% |
| Total Equity | AU$20.46 Million | 100.00% |
SKY Metals Ltd Competitors by Market Cap
The table below lists competitors of SKY Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Right Way Industrial Co Ltd
TW:1506
|
$99.37 Million |
|
TSKB Gayrimenkul Yatirim Ortakligi AS
IS:TSGYO
|
$99.43 Million |
|
Anixa Biosciences Inc
NASDAQ:ANIX
|
$99.47 Million |
|
Chyang Sheng Dyeing & Finishing Co Ltd
TW:1463
|
$99.47 Million |
|
Hyosung Chemical Corp
KO:298000
|
$99.33 Million |
|
Viet Nam Power Development JSC
VN:VPD
|
$99.22 Million |
|
Ester Industries Limited
NSE:ESTER
|
$99.17 Million |
|
STARPHARMA HLDG.SP.ADR/10
F:PQ6A
|
$99.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SKY Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,142,260 to 20,459,086, a change of 3,316,826 (19.3%).
- Net loss of 3,150,526 reduced equity.
- Share repurchases of 6,000,000 reduced equity.
- Other comprehensive income increased equity by 343,337.
- Other factors increased equity by 12,124,015.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.15 Million | -15.4% |
| Share Repurchases | AU$6.00 Million | -29.33% |
| Other Comprehensive Income | AU$343.34K | +1.68% |
| Other Changes | AU$12.12 Million | +59.26% |
| Total Change | AU$- | 19.35% |
Book Value vs Market Value Analysis
This analysis compares SKY Metals 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: 5.35x
- 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 increased from 1.99x to 5.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | AU$0.08 | AU$0.17 | x |
| 2004-12-31 | AU$1.04 | AU$0.17 | x |
| 2005-12-31 | AU$0.85 | AU$0.17 | x |
| 2006-12-31 | AU$0.87 | AU$0.17 | x |
| 2007-12-31 | AU$0.88 | AU$0.17 | x |
| 2008-12-31 | AU$0.18 | AU$0.17 | x |
| 2009-12-31 | AU$0.61 | AU$0.17 | x |
| 2010-12-31 | AU$0.26 | AU$0.17 | x |
| 2011-12-31 | AU$0.14 | AU$0.17 | x |
| 2012-12-31 | AU$0.02 | AU$0.17 | x |
| 2013-12-31 | AU$0.10 | AU$0.17 | x |
| 2014-12-31 | AU$0.08 | AU$0.17 | x |
| 2015-12-31 | AU$0.01 | AU$0.17 | x |
| 2016-12-31 | AU$-0.01 | AU$0.17 | x |
| 2017-12-31 | AU$-0.02 | AU$0.17 | x |
| 2018-12-31 | AU$-0.01 | AU$0.17 | x |
| 2019-12-31 | AU$0.04 | AU$0.17 | x |
| 2020-12-31 | AU$0.05 | AU$0.17 | x |
| 2021-12-31 | AU$0.06 | AU$0.17 | x |
| 2022-12-31 | AU$0.04 | AU$0.17 | x |
| 2023-12-31 | AU$0.03 | AU$0.17 | x |
| 2024-12-31 | AU$0.03 | AU$0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SKY Metals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -15.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-15.40%) is above the historical average (-87.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -0.10% | -17.50% | 0.01x | 1.11x | AU$-1.83 Million |
| 2005 | -5.06% | -114.36% | 0.04x | 1.12x | AU$-2.54 Million |
| 2006 | -9.24% | -346.26% | 0.02x | 1.23x | AU$-3.51 Million |
| 2007 | -9.28% | -715.43% | 0.01x | 1.14x | AU$-3.88 Million |
| 2008 | -399.02% | -4250.59% | 0.06x | 1.66x | AU$-17.50 Million |
| 2009 | -59.03% | -13957.85% | 0.00x | 1.06x | AU$-12.02 Million |
| 2010 | -41.69% | -146148.19% | 0.00x | 1.06x | AU$-6.59 Million |
| 2011 | -108.27% | -203689.60% | 0.00x | 1.04x | AU$-8.00 Million |
| 2012 | -503.12% | -211924.19% | 0.00x | 1.17x | AU$-5.67 Million |
| 2013 | 78.48% | 158409.79% | 0.00x | 1.03x | AU$3.52 Million |
| 2014 | -16.23% | -17427.80% | 0.00x | 1.01x | AU$-1.15K |
| 2015 | -642.44% | -1162.83% | 0.07x | 8.36x | AU$-3.96K |
| 2016 | 0.00% | -404.55% | 0.06x | 0.00x | AU$-1.09K |
| 2017 | 0.00% | -0.18% | 97.96x | 0.00x | AU$-533.90 |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-384.07 |
| 2019 | -16.33% | 0.00% | 0.00x | 1.06x | AU$-1.84K |
| 2020 | -14.15% | 0.00% | 0.00x | 1.04x | AU$-4.01K |
| 2021 | -11.29% | 0.00% | 0.00x | 1.05x | AU$-4.37K |
| 2022 | -66.31% | 0.00% | 0.00x | 1.07x | AU$-11.05K |
| 2023 | -0.01% | 0.00% | 0.00x | 1.07x | AU$-1.72 Million |
| 2024 | -15.40% | 0.00% | 0.00x | 1.07x | AU$-5.20 Million |
Industry Comparison
This section compares SKY Metals Ltd'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 |
|---|---|---|---|---|
| SKY Metals Ltd (SKY) | AU$20.46 Million | -0.10% | 0.07x | $99.37 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 SKY Metals Ltd
Sky Metals Limited engages in the exploration and development of mineral resources in Australia. The company explores for gold, copper, tin, tungsten, copper, bismuth, indium, nickel, silver, lead, and zinc deposits. The company was formerly known as Planet Gas Limited and changed its name to Sky Metals Limited in June 2019. Sky Metals Limited was incorporated in 2001 and is based in Orange, Aust… Read more