Tesoro Gold Ltd (TSO) - Net Assets
Based on the latest financial reports, Tesoro Gold Ltd (TSO) has net assets worth AU$55.34 Million AUD (≈ $39.16 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$56.02 Million ≈ $39.64 Million USD) and total liabilities (AU$682.39K ≈ $482.83K 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 TSO financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$55.34 Million |
| % of Total Assets | 98.78% |
| Annual Growth Rate | -0.47% |
| 5-Year Change | 65.44% |
| 10-Year Change | 715.49% |
| Growth Volatility | 866.9 |
Tesoro Gold Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Tesoro Gold Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Tesoro Gold Ltd for the complete picture of this company's asset base.
Annual Net Assets for Tesoro Gold Ltd (2004–2025)
The table below shows the annual net assets of Tesoro Gold Ltd from 2004 to 2025. For live valuation and market cap data, see market value of Tesoro Gold Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$46.30 Million ≈ $32.76 Million |
+25.17% |
| 2024-06-30 | AU$36.99 Million ≈ $26.17 Million |
-9.90% |
| 2023-06-30 | AU$41.05 Million ≈ $29.05 Million |
+36.29% |
| 2022-06-30 | AU$30.12 Million ≈ $21.31 Million |
+7.63% |
| 2021-06-30 | AU$27.98 Million ≈ $19.80 Million |
+222.77% |
| 2020-06-30 | AU$8.67 Million ≈ $6.13 Million |
+4067.97% |
| 2019-06-30 | AU$208.02K ≈ $147.19K |
-75.15% |
| 2018-06-30 | AU$836.99K ≈ $592.22K |
-69.01% |
| 2017-06-30 | AU$2.70 Million ≈ $1.91 Million |
-52.42% |
| 2016-06-30 | AU$5.68 Million ≈ $4.02 Million |
+204.93% |
| 2015-06-30 | AU$1.86 Million ≈ $1.32 Million |
+25.76% |
| 2014-06-30 | AU$1.48 Million ≈ $1.05 Million |
-13.96% |
| 2013-06-30 | AU$1.72 Million ≈ $1.22 Million |
+36.55% |
| 2012-06-30 | AU$1.26 Million ≈ $891.55K |
-68.68% |
| 2011-06-30 | AU$4.02 Million ≈ $2.85 Million |
-96.22% |
| 2010-06-30 | AU$106.37 Million ≈ $75.26 Million |
-12.07% |
| 2009-06-30 | AU$120.96 Million ≈ $85.59 Million |
-14.97% |
| 2008-06-30 | AU$142.26 Million ≈ $100.66 Million |
+31.16% |
| 2007-06-30 | AU$108.46 Million ≈ $76.74 Million |
+36.06% |
| 2006-06-30 | AU$79.72 Million ≈ $56.40 Million |
+13.92% |
| 2005-06-30 | AU$69.98 Million ≈ $49.51 Million |
+37.00% |
| 2004-06-30 | AU$51.08 Million ≈ $36.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tesoro Gold 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 1706.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$70.40 Million | 159.13% |
| Other Comprehensive Income | AU$-2.95 Million | -6.66% |
| Total Equity | AU$44.24 Million | 100.00% |
Tesoro Gold Ltd Competitors by Market Cap
The table below lists competitors of Tesoro Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Connect Biopharma Holdings Ltd
NASDAQ:CNTB
|
$138.08 Million |
|
EcoSynthetix Inc
TO:ECO
|
$138.10 Million |
|
SPRINGFIELD PROP. LS-125
F:9MZ
|
$138.21 Million |
|
Jochu Technology Co Ltd
TW:3543
|
$138.21 Million |
|
Acres Commercial Realty Corp
NYSE:ACR
|
$138.06 Million |
|
Baozun Inc
NASDAQ:BZUN
|
$138.03 Million |
|
Friedman Industries Inc. Common Stock
NASDAQ:FRD
|
$137.98 Million |
|
Fabasoft AG
XETRA:FAA
|
$137.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tesoro Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 35,143,196 to 44,243,434, a change of 9,100,238 (25.9%).
- Net loss of 1,864,310 reduced equity.
- Share repurchases of 9,715,000 reduced equity.
- Other comprehensive income increased equity by 917,430.
- Other factors increased equity by 19,762,118.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.86 Million | -4.21% |
| Share Repurchases | AU$9.71 Million | -21.96% |
| Other Comprehensive Income | AU$917.43K | +2.07% |
| Other Changes | AU$19.76 Million | +44.67% |
| Total Change | AU$- | 25.89% |
Book Value vs Market Value Analysis
This analysis compares Tesoro Gold 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: 2.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 2.46x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-06-30 | AU$267.05 | AU$1.09 | x |
| 2005-06-30 | AU$220.99 | AU$1.09 | x |
| 2006-06-30 | AU$196.07 | AU$1.09 | x |
| 2007-06-30 | AU$226.74 | AU$1.09 | x |
| 2008-06-30 | AU$198.18 | AU$1.09 | x |
| 2009-06-30 | AU$151.47 | AU$1.09 | x |
| 2010-06-30 | AU$153.49 | AU$1.09 | x |
| 2011-06-30 | AU$10.68 | AU$1.09 | x |
| 2012-06-30 | AU$20.62 | AU$1.09 | x |
| 2013-06-30 | AU$5.18 | AU$1.09 | x |
| 2014-06-30 | AU$4.08 | AU$1.09 | x |
| 2015-06-30 | AU$4.98 | AU$1.09 | x |
| 2016-06-30 | AU$3.16 | AU$1.09 | x |
| 2017-06-30 | AU$1.25 | AU$1.09 | x |
| 2018-06-30 | AU$0.27 | AU$1.09 | x |
| 2019-06-30 | AU$0.06 | AU$1.09 | x |
| 2020-06-30 | AU$0.83 | AU$1.09 | x |
| 2021-06-30 | AU$0.74 | AU$1.09 | x |
| 2022-06-30 | AU$0.66 | AU$1.09 | x |
| 2023-06-30 | AU$0.04 | AU$1.09 | x |
| 2024-06-30 | AU$0.46 | AU$1.09 | x |
| 2025-06-30 | AU$0.44 | AU$1.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tesoro Gold Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1128.83%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-4.21%) is above the historical average (-43.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.73% | 0.00% | 0.00x | 1.01x | AU$-2.18 Million |
| 2005 | 11.17% | 0.00% | 0.00x | 1.11x | AU$815.67K |
| 2006 | 17.56% | 0.00% | 0.00x | 1.12x | AU$6.02 Million |
| 2007 | 19.75% | 0.00% | 0.00x | 1.18x | AU$10.57 Million |
| 2008 | -11.63% | 0.00% | 0.00x | 1.06x | AU$-30.77 Million |
| 2009 | -16.24% | 0.00% | 0.00x | 1.01x | AU$-31.74 Million |
| 2010 | 7.94% | 0.00% | 0.00x | 1.00x | AU$-2.19 Million |
| 2011 | -97.15% | 0.00% | 0.00x | 1.05x | AU$-4.31 Million |
| 2012 | -41.88% | 0.00% | 0.00x | 1.23x | AU$-653.65K |
| 2013 | -15.23% | 0.00% | 0.00x | 1.16x | AU$-434.03K |
| 2014 | -16.23% | 0.00% | 0.00x | 1.16x | AU$-388.24K |
| 2015 | -10.99% | -15.09% | 0.66x | 1.11x | AU$-390.77K |
| 2016 | -164.18% | -495.82% | 0.30x | 1.12x | AU$-9.89 Million |
| 2017 | -132.59% | -198.63% | 0.60x | 1.11x | AU$-3.85 Million |
| 2018 | -162.39% | -258.33% | 0.54x | 1.17x | AU$-1.44 Million |
| 2019 | -247.39% | -257310.00% | 0.00x | 2.17x | AU$-535.42K |
| 2020 | -54.30% | -15692553.33% | 0.00x | 1.04x | AU$-5.57 Million |
| 2021 | -20.69% | -230211.36% | 0.00x | 1.16x | AU$-7.93 Million |
| 2022 | -17.90% | -612633.05% | 0.00x | 1.10x | AU$-7.89 Million |
| 2023 | -8.10% | -8546.66% | 0.00x | 1.09x | AU$-7.04 Million |
| 2024 | -0.97% | -1952.10% | 0.00x | 1.07x | AU$-3.85 Million |
| 2025 | -4.21% | -1128.83% | 0.00x | 1.07x | AU$-6.29 Million |
Industry Comparison
This section compares Tesoro Gold 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 |
|---|---|---|---|---|
| Tesoro Gold Ltd (TSO) | AU$55.34 Million | 5.73% | 0.01x | $138.06 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 Tesoro Gold Ltd
Tesoro Gold Ltd engages in the acquisition, exploration, and development of resource projects in Chile. The company primarily explores for gold deposits. It holds 85% interest in the El Zorro Gold project covering an area of approximately 570 square kilometers located in northern Chile. The company was formerly known as Tesoro Resources Limited and changed its name to Tesoro Gold Limited in April… Read more