Spartan Resources Ltd
Spartan Resources Limited engages in the exploration, evaluation, and development of gold projects in Australia. The company's flagship project is the Dalgaranga gold project, which covers an area of 500 square kilometers located to the north-west of Mt Magnet in Western Australia. The company was formerly known as Gascoyne Resources Limited and changed its name to Spartan Resources Limited in Au… Read more
Spartan Resources Ltd (SPR) - Net Assets
Latest net assets as of December 2024: AU$329.68 Million AUD
Based on the latest financial reports, Spartan Resources Ltd (SPR) has net assets worth AU$329.68 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$453.72 Million) and total liabilities (AU$124.04 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$329.68 Million |
| % of Total Assets | 72.66% |
| Annual Growth Rate | 23.82% |
| 5-Year Change | 176.41% |
| 10-Year Change | 638.38% |
| Growth Volatility | 50.58 |
Spartan Resources Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Spartan 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 Spartan Resources Ltd (2010–2024)
The table below shows the annual net assets of Spartan Resources Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$158.57 Million | +68.10% |
| 2023-06-30 | AU$94.34 Million | +10.39% |
| 2022-06-30 | AU$85.46 Million | -20.79% |
| 2021-06-30 | AU$107.89 Million | +88.06% |
| 2020-06-30 | AU$57.37 Million | +2.90% |
| 2019-06-30 | AU$55.75 Million | -52.15% |
| 2018-06-30 | AU$116.52 Million | +21.23% |
| 2017-06-30 | AU$96.12 Million | +155.06% |
| 2016-06-30 | AU$37.68 Million | +75.47% |
| 2015-06-30 | AU$21.48 Million | -0.25% |
| 2014-06-30 | AU$21.53 Million | -4.91% |
| 2013-06-30 | AU$22.64 Million | +27.34% |
| 2012-06-30 | AU$17.78 Million | +53.84% |
| 2011-06-30 | AU$11.56 Million | +45.12% |
| 2010-06-30 | AU$7.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spartan 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 32344000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$474.21 Million | 302.03% |
| Other Comprehensive Income | AU$6.24 Million | 3.97% |
| Total Equity | AU$157.01 Million | 100.00% |
Spartan Resources Ltd Competitors by Market Cap
The table below lists competitors of Spartan Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enea S.A.
WAR:ENA
|
$1.28 Billion |
|
Alkami Technology Inc
NASDAQ:ALKT
|
$1.28 Billion |
|
Capital Southwest Corporation
NASDAQ:CSWC
|
$1.28 Billion |
|
Huizhou Speed Wireless Technology Co Ltd
SHE:300322
|
$1.28 Billion |
|
4imprint Group plc
PINK:FRRFF
|
$1.28 Billion |
|
Maha Properti Indonesia Tbk PT
JK:MPRO
|
$1.28 Billion |
|
Henan Yicheng New Energy Co Ltd
SHE:300080
|
$1.28 Billion |
|
3R Petroleum Oleo E Gas SA Ordinary Shares
SA:BRAV3
|
$1.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spartan Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,816,000 to 157,010,000, a change of 64,194,000 (69.2%).
- Net loss of 50,837,000 reduced equity.
- Share repurchases of 5,926,000 reduced equity.
- New share issuances of 105,279,000 increased equity.
- Other comprehensive income increased equity by 4,782,000.
- Other factors increased equity by 10,896,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-50.84 Million | -32.38% |
| Share Repurchases | AU$5.93 Million | -3.77% |
| Share Issuances | AU$105.28 Million | +67.05% |
| Other Comprehensive Income | AU$4.78 Million | +3.05% |
| Other Changes | AU$10.90 Million | +6.94% |
| Total Change | AU$- | 69.16% |
Book Value vs Market Value Analysis
This analysis compares Spartan 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: 12.89x
- 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 6.01x to 12.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-06-30 | AU$0.35 | AU$2.13 | x |
| 2010-06-30 | AU$1.61 | AU$2.13 | x |
| 2011-06-30 | AU$2.12 | AU$2.13 | x |
| 2012-06-30 | AU$2.09 | AU$2.13 | x |
| 2013-06-30 | AU$1.94 | AU$2.13 | x |
| 2014-06-30 | AU$1.72 | AU$2.13 | x |
| 2015-06-30 | AU$1.62 | AU$2.13 | x |
| 2016-06-30 | AU$2.40 | AU$2.13 | x |
| 2017-06-30 | AU$4.06 | AU$2.13 | x |
| 2018-06-30 | AU$3.55 | AU$2.13 | x |
| 2019-06-30 | AU$1.23 | AU$2.13 | x |
| 2020-06-30 | AU$0.73 | AU$2.13 | x |
| 2021-06-30 | AU$0.47 | AU$2.13 | x |
| 2022-06-30 | AU$0.21 | AU$2.13 | x |
| 2023-06-30 | AU$0.17 | AU$2.13 | x |
| 2024-06-30 | AU$0.17 | AU$2.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spartan Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -32.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.66x
- Recent ROE (-32.38%) is below the historical average (-31.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -32.83% | -1937.01% | 0.02x | 1.05x | AU$-3.41 Million |
| 2011 | -3.31% | -182.94% | 0.02x | 1.03x | AU$-1.54 Million |
| 2012 | -6.24% | -30572.23% | 0.00x | 1.11x | AU$-2.89 Million |
| 2013 | -1.23% | -6371.90% | 0.00x | 1.04x | AU$-2.54 Million |
| 2014 | -6.34% | -3874.49% | 0.00x | 1.04x | AU$-3.52 Million |
| 2015 | -13.59% | -1972.58% | 0.01x | 1.03x | AU$-5.07 Million |
| 2016 | -2.24% | -588.39% | 0.00x | 1.09x | AU$-4.46 Million |
| 2017 | -1.52% | -877.93% | 0.00x | 1.09x | AU$-10.97 Million |
| 2018 | -0.48% | -104.73% | 0.00x | 2.06x | AU$-12.10 Million |
| 2019 | -196.08% | -111.83% | 0.42x | 4.14x | AU$-112.57 Million |
| 2020 | 3.54% | 1.16% | 0.72x | 4.22x | AU$-3.64 Million |
| 2021 | -41.42% | -21.72% | 1.07x | 1.78x | AU$-54.78 Million |
| 2022 | -96.91% | -44.06% | 1.09x | 2.02x | AU$-89.78 Million |
| 2023 | -37.86% | -61.26% | 0.34x | 1.84x | AU$-44.42 Million |
| 2024 | -32.38% | 0.00% | 0.00x | 1.66x | AU$-66.54 Million |
Industry Comparison
This section compares Spartan 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 |
|---|---|---|---|---|
| Spartan Resources Ltd (SPR) | AU$329.68 Million | -32.83% | 0.38x | $1.28 Billion |
| 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 |