Westgold Resources Ltd (WGX) - Net Assets
Based on the latest financial reports, Westgold Resources Ltd (WGX) has net assets worth AU$2.44 Billion AUD (≈ $1.73 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$3.82 Billion ≈ $2.70 Billion USD) and total liabilities (AU$1.38 Billion ≈ $974.92 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 WGX PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$2.44 Billion |
| % of Total Assets | 63.93% |
| Annual Growth Rate | 21.66% |
| 5-Year Change | 315.57% |
| 10-Year Change | 715.18% |
| Growth Volatility | 54.48 |
Westgold Resources Ltd - Net Assets Trend (2000–2026)
This chart illustrates how Westgold Resources Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Westgold Resources Ltd.
Annual Net Assets for Westgold Resources Ltd (2000–2026)
The table below shows the annual net assets of Westgold Resources Ltd from 2000 to 2026. Also explore Westgold Resources Ltd (WGX) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | AU$2.44 Billion ≈ $1.73 Billion |
+24.02% |
| 2025-06-30 | AU$1.97 Billion ≈ $1.39 Billion |
+184.69% |
| 2024-06-30 | AU$691.80 Million ≈ $489.49 Million |
+15.62% |
| 2023-06-30 | AU$598.34 Million ≈ $423.36 Million |
+1.80% |
| 2022-06-30 | AU$587.77 Million ≈ $415.88 Million |
-3.23% |
| 2021-06-30 | AU$607.36 Million ≈ $429.75 Million |
+16.38% |
| 2020-06-30 | AU$521.86 Million ≈ $369.25 Million |
+17.67% |
| 2019-06-30 | AU$443.49 Million ≈ $313.79 Million |
+9.28% |
| 2018-06-30 | AU$405.82 Million ≈ $287.14 Million |
+35.44% |
| 2017-06-30 | AU$299.64 Million ≈ $212.01 Million |
+8.89% |
| 2016-06-30 | AU$275.18 Million ≈ $194.71 Million |
+106.45% |
| 2015-06-30 | AU$133.29 Million ≈ $94.31 Million |
-30.82% |
| 2014-06-30 | AU$192.68 Million ≈ $136.34 Million |
+141.26% |
| 2013-06-30 | AU$79.86 Million ≈ $56.51 Million |
-23.54% |
| 2012-06-30 | AU$104.46 Million ≈ $73.91 Million |
-5.09% |
| 2011-06-30 | AU$110.06 Million ≈ $77.88 Million |
+127.06% |
| 2010-06-30 | AU$48.47 Million ≈ $34.30 Million |
+95.07% |
| 2009-06-30 | AU$24.85 Million ≈ $17.58 Million |
+11.63% |
| 2008-06-30 | AU$22.26 Million ≈ $15.75 Million |
+15.70% |
| 2007-06-30 | AU$19.24 Million ≈ $13.61 Million |
+64.50% |
| 2006-06-30 | AU$11.70 Million ≈ $8.28 Million |
+12.06% |
| 2005-06-30 | AU$10.44 Million ≈ $7.38 Million |
-0.34% |
| 2004-06-30 | AU$10.47 Million ≈ $7.41 Million |
-4.03% |
| 2003-06-30 | AU$10.91 Million ≈ $7.72 Million |
+28.46% |
| 2002-06-30 | AU$8.49 Million ≈ $6.01 Million |
-10.46% |
| 2001-06-30 | AU$9.49 Million ≈ $6.71 Million |
-36.47% |
| 2000-06-30 | AU$14.93 Million ≈ $10.57 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Westgold 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 grown by 47144900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$471.45 Million | 19.91% |
| Common Stock | AU$1.68 Billion | 70.92% |
| Other Comprehensive Income | AU$217.10 Million | 9.17% |
| Total Equity | AU$2.37 Billion | 100.00% |
Westgold Resources Ltd Competitors by Market Cap
The table below lists competitors of Westgold Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MANDARIN ORIENTAL DL-05
F:1C4
|
$3.70 Billion |
|
Dajin Heavy Industry Corp
SHE:002487
|
$3.70 Billion |
|
PTC INDUSTRIES LTD
NSE:PTCIL
|
$3.70 Billion |
|
Nine Dragons Paper (Holdings) Limited
F:N3Y
|
$3.70 Billion |
|
Geovis Technology Co Ltd
SHG:688568
|
$3.69 Billion |
|
Signet Jewelers Ltd
NYSE:SIG
|
$3.69 Billion |
|
SL Green Realty Corp
NYSE:SLG
|
$3.69 Billion |
|
Dottikon Es Holding AG
SW:DESN
|
$3.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westgold Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,969,476,000 to 2,367,923,000, a change of 398,447,000 (20.2%).
- Net income of 443,454,000 contributed positively to equity growth.
- Dividend payments of 28,250,000 reduced retained earnings.
- Share repurchases of 26,558,000 reduced equity.
- Other comprehensive income increased equity by 8,817,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$443.45 Million | +18.73% |
| Dividends Paid | AU$28.25 Million | -1.19% |
| Share Repurchases | AU$26.56 Million | -1.12% |
| Other Comprehensive Income | AU$8.82 Million | +0.37% |
| Other Changes | AU$984.00K | +0.04% |
| Total Change | AU$- | 20.23% |
Book Value vs Market Value Analysis
This analysis compares Westgold 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: 2.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 28.89x to 2.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$0.19 | AU$5.53 | x |
| 2014-06-30 | AU$0.25 | AU$5.53 | x |
| 2015-06-30 | AU$0.32 | AU$5.53 | x |
| 2016-06-30 | AU$0.90 | AU$5.53 | x |
| 2017-06-30 | AU$0.98 | AU$5.53 | x |
| 2018-06-30 | AU$1.19 | AU$5.53 | x |
| 2019-06-30 | AU$1.18 | AU$5.53 | x |
| 2020-06-30 | AU$1.30 | AU$5.53 | x |
| 2021-06-30 | AU$1.43 | AU$5.53 | x |
| 2022-06-30 | AU$1.34 | AU$5.53 | x |
| 2023-06-30 | AU$1.26 | AU$5.53 | x |
| 2024-06-30 | AU$1.44 | AU$5.53 | x |
| 2025-06-30 | AU$2.16 | AU$5.53 | x |
| 2026-06-30 | AU$2.47 | AU$5.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westgold Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.17%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.61x
- Recent ROE (18.73%) is above the historical average (2.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -30.98% | 0.00% | 0.00x | 1.17x | AU$-32.72 Million |
| 2014 | 22.98% | 14.80% | 0.72x | 2.16x | AU$13.46 Million |
| 2015 | 10.25% | 5.87% | 0.83x | 2.11x | AU$336.49K |
| 2016 | -7.47% | -6.75% | 0.65x | 1.70x | AU$-48.09 Million |
| 2017 | 1.89% | 1.85% | 0.59x | 1.73x | AU$-24.29 Million |
| 2018 | -7.86% | -11.53% | 0.41x | 1.64x | AU$-72.49 Million |
| 2019 | 3.19% | 3.38% | 0.62x | 1.53x | AU$-30.22 Million |
| 2020 | 6.63% | 7.03% | 0.62x | 1.53x | AU$-17.58 Million |
| 2021 | 12.64% | 13.44% | 0.62x | 1.53x | AU$16.02 Million |
| 2022 | -18.91% | -17.16% | 0.74x | 1.48x | AU$-169.90 Million |
| 2023 | 1.67% | 1.53% | 0.77x | 1.43x | AU$-49.83 Million |
| 2024 | 13.77% | 13.29% | 0.68x | 1.52x | AU$26.05 Million |
| 2025 | 1.76% | 2.55% | 0.42x | 1.63x | AU$-162.19 Million |
| 2026 | 18.73% | 18.17% | 0.64x | 1.61x | AU$206.66 Million |
Industry Comparison
This section compares Westgold Resources Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $45,373,526
- Average return on equity (ROE) among peers: -218.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westgold Resources Ltd (WGX) | AU$2.44 Billion | -30.98% | 0.56x | $3.69 Billion |
| Australasian Metals Ltd (A8G) | $7.19 Million | -3.48% | 0.03x | $4.98 Million |
| Ariana Resources Plc (AA2) | $43.27 Million | 6.22% | 0.05x | $45.50 Million |
| Aruma Resources Ltd (AAJ) | $22.04K | -1800.33% | 160.67x | $3.63 Million |
| Astral Resources NL (AAR) | $588.33K | -62.34% | 0.51x | $242.13 Million |
| Antilles Gold Ltd (AAU) | $25.68 Million | -2.46% | 0.07x | $16.24 Million |
| Adelong Gold Ltd (ADG) | $10.46 Million | -19.33% | 0.07x | $7.55 Million |
| Ardiden Ltd (ADV) | $590.83K | -101.21% | 0.36x | $50.94 Million |
| Australian Gold and Copper Ltd (AGC) | $18.99 Million | -0.02% | 0.00x | $25.72 Million |
| Ark Mines Ltd (AHK) | $1.27 Million | -210.75% | 0.02x | $16.38 Million |
| Alkane Resources Ltd (ALK) | $345.69 Million | 9.56% | 0.57x | $1.90 Billion |
About Westgold Resources Ltd
Westgold Resources Limited engages in the exploration, development, and operation of gold mines in Western Australia. The company operates Murchison and Southern Goldfields that covers 2,500 square kilometers in Western Australia. Westgold Resources Limited was incorporated in 1987 and is based in Perth, Australia.