Summit Minerals Ltd (SUM) - Net Assets

Latest as of June 2025: AU$11.65 Million AUD ≈ $8.24 Million USD

Based on the latest financial reports, Summit Minerals Ltd (SUM) has net assets worth AU$11.65 Million AUD (≈ $8.24 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$11.78 Million ≈ $8.33 Million USD) and total liabilities (AU$133.07K ≈ $94.16K 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 SUM financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$11.65 Million
% of Total Assets 98.87%
Annual Growth Rate 24.39%
5-Year Change N/A
10-Year Change -60.47%
Growth Volatility 733.9

Summit Minerals Ltd - Net Assets Trend (2006–2024)

This chart illustrates how Summit Minerals Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Summit Minerals Ltd for the complete picture of this company's asset base.

Annual Net Assets for Summit Minerals Ltd (2006–2024)

The table below shows the annual net assets of Summit Minerals Ltd from 2006 to 2024. For live valuation and market cap data, see Summit Minerals Ltd (SUM) market capitalisation.

Year Net Assets Change
2024-12-31 AU$11.65 Million
≈ $8.24 Million		 -11.39%
2023-12-31 AU$13.14 Million
≈ $9.30 Million		 +128.68%
2022-12-31 AU$5.75 Million
≈ $4.07 Million		 +3293.43%
2021-12-31 AU$-179.95K
≈ $-127.33K		 +99.30%
2017-12-31 AU$-25.55 Million
≈ $-18.08 Million		 -7.05%
2016-12-31 AU$-23.87 Million
≈ $-16.89 Million		 -391.32%
2015-12-31 AU$8.19 Million
≈ $5.80 Million		 -81.67%
2014-12-31 AU$44.70 Million
≈ $31.63 Million		 +23.84%
2013-12-31 AU$36.09 Million
≈ $25.54 Million		 +22.52%
2012-12-31 AU$29.46 Million
≈ $20.85 Million		 +94.41%
2011-12-31 AU$15.15 Million
≈ $10.72 Million		 -2.22%
2010-12-31 AU$15.50 Million
≈ $10.97 Million		 +38.86%
2009-12-31 AU$11.16 Million
≈ $7.90 Million		 +124.03%
2008-12-31 AU$4.98 Million
≈ $3.53 Million		 -19.62%
2007-12-31 AU$6.20 Million
≈ $4.39 Million		 +2606.55%
2006-12-31 AU$229.00K
≈ $162.03K		 --

Equity Component Analysis

This analysis shows how different components contribute to Summit Minerals 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 1164178000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock AU$15.26 Million 131.03%
Other Comprehensive Income AU$8.03 Million 68.94%
Total Equity AU$11.65 Million 100.00%

Summit Minerals Ltd Competitors by Market Cap

The table below lists competitors of Summit Minerals Ltd ranked by their market capitalization.

Company Market Cap
Mynaric AG
XETRA:M0YN
 $3.36 Million
Marula Mining PLC
F:48U0
 $3.36 Million
Avalon GloboCare Corp.
NASDAQ:ALBT
 $3.37 Million
Health and Plant Protein Group Ltd
AU:HPP
 $3.37 Million
Copper Search Ltd
AU:CUS
 $3.36 Million
Gathid Ltd
AU:GTH
 $3.36 Million
Gore Street Energy Storage Fund Plc
LSE:GSF
 $3.35 Million
Immersion SA
PA:ALIMR
 $3.35 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Summit Minerals Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 13,141,370 to 11,645,141, a change of -1,496,229 (-11.4%).
  • Net loss of 4,903,449 reduced equity.
  • Share repurchases of 2,251,000 reduced equity.
  • Other comprehensive income increased equity by 226,837.
  • Other factors increased equity by 5,431,383.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income AU$-4.90 Million -42.11%
Share Repurchases AU$2.25 Million -19.33%
Other Comprehensive Income AU$226.84K +1.95%
Other Changes AU$5.43 Million +46.64%
Total Change AU$- -11.39%

Book Value vs Market Value Analysis

This analysis compares Summit Minerals 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: 0.24x
  • 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
2021-12-31 AU$-0.01 AU$0.03 x
2022-12-31 AU$0.18 AU$0.03 x
2023-12-31 AU$0.24 AU$0.03 x
2024-12-31 AU$0.14 AU$0.03 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Summit Minerals 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): -42.11%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5021.92%
  • • Asset Turnover: 0.01x
  • • Equity Multiplier: 1.01x
  • Recent ROE (-42.11%) is above the historical average (-78.86%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2013 -52.29% 0.00% 0.00x 1.34x AU$-22.48 Million
2014 -9.71% 0.00% 0.00x 2.07x AU$-8.81 Million
2015 -552.23% 0.00% 0.00x 8.47x AU$-46.07 Million
2016 0.00% -85.72% 0.54x 0.00x AU$-26.43 Million
2017 0.00% -79.33% 0.61x 0.00x AU$-23.27 Million
2021 0.00% 0.00% 0.00x 0.00x AU$-1.62 Million
2022 -16.70% -1447.99% 0.01x 1.06x AU$-1.53 Million
2023 -36.71% -1152.92% 0.03x 1.02x AU$-6.14 Million
2024 -42.11% -5021.92% 0.01x 1.01x AU$-6.07 Million

Industry Comparison

This section compares Summit Minerals Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

  • Industry: Other Industrial Metals & Mining
  • Average net assets among peers: $10,806,938
  • Average return on equity (ROE) among peers: -44.44%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Summit Minerals Ltd (SUM) AU$11.65 Million -52.29% 0.01x $3.36 Million
Morella Corporation Ltd (1MC) $5.37 Million -12.67% 0.90x $8.08 Million
Amaero Ltd (3DA) $54.23 Million -45.05% 0.68x $232.53 Million
6K Additive Inc (6KA) $-21.36 Million 0.00% 0.00x $151.29 Million
Atlantic Lithium Ltd (A11) $805.39K -301.13% 1.62x $159.26 Million
African Gold Ltd (A1G) $10.30 Million -17.56% 0.09x $419.02 Million
Albright Metals Ltd (ABR) $11.82 Million -15.47% 0.06x $4.20 Million
Audalia Resources Ltd (ACP) $3.12 Million -36.11% 3.67x $14.72 Million
Accent Resources NL (ACS) $13.16 Million -6.74% 0.05x $16.28 Million
Acdc Metals Ltd (ADC) $10.58 Million -4.74% 0.03x $2.97 Million
Andromeda Metals Ltd (ADN) $20.02 Million -4.90% 0.04x $29.44 Million

About Summit Minerals Ltd

AU:SUM Australia Other Industrial Metals & Mining
Market Cap
$3.36 Million
AU$4.75 Million AUD
Market Cap Rank
#29032 Global
#1680 in Australia
Share Price
AU$0.03
Change (1 day)
+0.00%
52-Week Range
AU$0.03 - AU$0.06
All Time High
AU$0.50
Categories
Companies in Australia Other Industrial Metals & Mining
About

Summit Minerals Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery and critical mineral projects in Brazil, Canada, and Australia. The company explores for niobium, tantalum, rare earth elements, uranium, and lithium pegmatite deposits. Its flagship projects are the Equador Niobium Project and the Juazerinho Niobium Project, located in the… Read more