Westgold Resources Ltd (WGX) - Net Assets
Based on the latest financial reports, Westgold Resources Ltd (WGX) has net assets worth AU$2.13 Billion AUD (≈ $1.51 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$3.45 Billion ≈ $2.44 Billion USD) and total liabilities (AU$1.32 Billion ≈ $937.06 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 financial resilience of Westgold Resources Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$2.13 Billion |
| % of Total Assets | 61.65% |
| Annual Growth Rate | 21.57% |
| 5-Year Change | 224.27% |
| 10-Year Change | 615.71% |
| Growth Volatility | 55.54 |
Westgold Resources Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Westgold Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Westgold Resources Ltd for the complete picture of this company's asset base.
Annual Net Assets for Westgold Resources Ltd (2000–2025)
The table below shows the annual net assets of Westgold Resources Ltd from 2000 to 2025. For live valuation and market cap data, see Westgold Resources Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 5624500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$56.24 Million | 2.86% |
| Common Stock | AU$1.70 Billion | 86.57% |
| Other Comprehensive Income | AU$208.28 Million | 10.58% |
| Total Equity | AU$1.97 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 |
|---|---|
|
Banco del Bajío S.A. Institución de Banca Múltiple
MX:BBAJIOO
|
$3.65 Billion |
|
Changzhou Fusion New Material Co. Ltd. A
SHG:688503
|
$3.65 Billion |
|
Ultrapar Participações S.A
F:UGR
|
$3.65 Billion |
|
Guangzhou Development Group Inc
SHG:600098
|
$3.65 Billion |
|
Ningbo Ronbay New Energy Tech Ltd
SHG:688005
|
$3.64 Billion |
|
United Community Banks, Inc.
NYSE:UCB
|
$3.64 Billion |
|
StarPower Semiconductor Ltd
SHG:603290
|
$3.64 Billion |
|
RUBIS
F:BYN
|
$3.64 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 2024 to 2025, total equity changed from 691,801,106 to 1,969,476,000, a change of 1,277,674,894 (184.7%).
- Net income of 34,753,000 contributed positively to equity growth.
- Dividend payments of 5,928,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,495,437.
- Other factors increased equity by 1,242,354,457.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$34.75 Million | +1.76% |
| Dividends Paid | AU$5.93 Million | -0.3% |
| Other Comprehensive Income | AU$6.50 Million | +0.33% |
| Other Changes | AU$1.24 Billion | +63.08% |
| Total Change | AU$- | 184.69% |
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: 2.53x
- 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 28.47x to 2.53x 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$5.45 | x |
| 2014-06-30 | AU$0.25 | AU$5.45 | x |
| 2015-06-30 | AU$0.32 | AU$5.45 | x |
| 2016-06-30 | AU$0.90 | AU$5.45 | x |
| 2017-06-30 | AU$0.98 | AU$5.45 | x |
| 2018-06-30 | AU$1.19 | AU$5.45 | x |
| 2019-06-30 | AU$1.18 | AU$5.45 | x |
| 2020-06-30 | AU$1.30 | AU$5.45 | x |
| 2021-06-30 | AU$1.43 | AU$5.45 | x |
| 2022-06-30 | AU$1.34 | AU$5.45 | x |
| 2023-06-30 | AU$1.26 | AU$5.45 | x |
| 2024-06-30 | AU$1.44 | AU$5.45 | x |
| 2025-06-30 | AU$2.16 | AU$5.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westgold Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.55%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.63x
- Recent ROE (1.76%) is above the historical average (0.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -30.98% | 0.00% | 0.00x | 1.17x | AU$-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 |
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: $29,669,696
- Average return on equity (ROE) among peers: -39.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westgold Resources Ltd (WGX) | AU$2.13 Billion | -30.98% | 0.62x | $3.64 Billion |
| Australasian Metals Ltd (A8G) | $7.44 Million | -13.42% | 0.04x | $3.19 Million |
| Ariana Resources Plc (AA2) | $28.53 Million | 13.52% | 0.07x | $57.91 Million |
| Aruma Resources Ltd (AAJ) | $1.01 Million | -180.32% | 0.18x | $5.69 Million |
| Astral Resources NL (AAR) | $22.56 Million | -16.27% | 0.03x | $203.90 Million |
| Antilles Gold Ltd (AAU) | $28.52 Million | 72.12% | 1.68x | $28.68 Million |
| Adelong Gold Ltd (ADG) | $4.77 Million | -14.52% | 0.08x | $9.43 Million |
| Ardiden Ltd (ADV) | $16.70 Million | -7.39% | 0.03x | $61.58 Million |
| Australian Gold and Copper Ltd (AGC) | $16.33 Million | -10.14% | 0.01x | $33.34 Million |
| Ark Mines Ltd (AHK) | $396.97K | -238.44% | 1.49x | $16.89 Million |
| Alkane Resources Ltd (ALK) | $170.45 Million | -2.40% | 0.12x | $1.39 Billion |
About Westgold Resources Ltd
Westgold Resources Limited engages in the exploration, development, and operation of gold mines in Western Australia. It operates Murchison and Southern Goldfields that covers 3,200 square kilometers in Western Australia. The company was incorporated in 1987 and is based in Perth, Australia.