Trinex Minerals Ltd (TX3) - Net Assets
Based on the latest financial reports, Trinex Minerals Ltd (TX3) has net assets worth AU$9.11 Million AUD (≈ $6.45 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$9.71 Million ≈ $6.87 Million USD) and total liabilities (AU$597.46K ≈ $422.74K 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 TX3 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$9.11 Million |
| % of Total Assets | 93.85% |
| Annual Growth Rate | 4.71% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 44.97 |
Trinex Minerals Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Trinex Minerals Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Trinex Minerals Ltd for the complete picture of this company's asset base.
Annual Net Assets for Trinex Minerals Ltd (2021–2024)
The table below shows the annual net assets of Trinex Minerals Ltd from 2021 to 2024. For live valuation and market cap data, see market value of Trinex Minerals Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$15.23 Million ≈ $10.78 Million |
+76.10% |
| 2023-06-30 | AU$8.65 Million ≈ $6.12 Million |
-16.97% |
| 2022-06-30 | AU$10.42 Million ≈ $7.37 Million |
-21.47% |
| 2021-06-30 | AU$13.27 Million ≈ $9.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Trinex 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 810404000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$45.94 Million | 301.58% |
| Total Equity | AU$15.23 Million | 100.00% |
Trinex Minerals Ltd Competitors by Market Cap
The table below lists competitors of Trinex Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IQE PLC
LSE:IQE
|
$5.95 Million |
|
New Age Exploration Ltd
AU:NAE
|
$5.95 Million |
|
Bernard Loisea
PA:ALDBL
|
$5.95 Million |
|
One SA
WAR:FMG
|
$5.96 Million |
|
Fancy Wood Industries Public Company Limited
BK:FANCY
|
$5.94 Million |
|
Rebosis
JSE:REB
|
$5.93 Million |
|
Bloomsbury Publishing Plc
LSE:BMY
|
$5.92 Million |
|
APB Resources Bhd
KLSE:5568
|
$5.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trinex Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,650,180 to 15,233,180, a change of 6,583,000 (76.1%).
- Net loss of 4,927,010 reduced equity.
- Share repurchases of 6,050,000 reduced equity.
- New share issuances of 6,050,000 increased equity.
- Other factors increased equity by 11,510,010.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-4.93 Million | -32.34% |
| Share Repurchases | AU$6.05 Million | -39.72% |
| Share Issuances | AU$6.05 Million | +39.72% |
| Other Changes | AU$11.51 Million | +75.56% |
| Total Change | AU$- | 76.10% |
Book Value vs Market Value Analysis
This analysis compares Trinex 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: 0.17x
- 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 decreased from 7.52x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.02 | AU$0.18 | x |
| 2022-06-30 | AU$2.31 | AU$0.18 | x |
| 2023-06-30 | AU$1.69 | AU$0.18 | x |
| 2024-06-30 | AU$1.06 | AU$0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trinex Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -32.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4309.46%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.10x
- Recent ROE (-32.34%) is above the historical average (-38.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -43.43% | 0.00% | 0.00x | 1.02x | AU$-7.09 Million |
| 2022 | -41.57% | -51679.36% | 0.00x | 1.05x | AU$-5.37 Million |
| 2023 | -35.56% | -2885.41% | 0.01x | 1.08x | AU$-3.94 Million |
| 2024 | -32.34% | -4309.46% | 0.01x | 1.10x | AU$-6.45 Million |
Industry Comparison
This section compares Trinex 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: $5,711,623
- Average return on equity (ROE) among peers: -27.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trinex Minerals Ltd (TX3) | AU$9.11 Million | -43.43% | 0.07x | $5.95 Million |
| Morella Corporation Ltd (1MC) | $16.53 Million | -35.29% | 0.29x | $8.08 Million |
| Amaero Ltd (3DA) | $29.43 Million | -63.84% | 0.70x | $252.75 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $160.74 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $151.02 Million |
| African Gold Ltd (A1G) | $11.13 Million | -22.75% | 0.07x | $419.02 Million |
| Albright Metals Ltd (ABR) | $10.99 Million | -9.29% | 0.07x | $3.68 Million |
| Audalia Resources Ltd (ACP) | $4.75 Million | -16.80% | 1.00x | $14.72 Million |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $16.28 Million |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $3.13 Million |
| Andromeda Metals Ltd (ADN) | $11.27 Million | 35.85% | 0.04x | $26.17 Million |
About Trinex Minerals Ltd
Trinex Minerals Limited engages in exploration and evaluation of mineral resources in Australia and Canada. The company explores for gold, uranium, lithium, copper, zinc, lead, nickel, base, and precious metals deposits. It holds interest in the Halo-Yuri lithium project comprising of 37 contiguous claims and covers an area of 450 square kilometers located near northeast of Yellowknife; the Ross … Read more