TORRENS ENERGY
TORRENS ENERGY operates in Diversified Metals & Mining.
TORRENS ENERGY (TE2) - Net Assets
Latest net assets as of June 2024: €9.24 Million EUR
Based on the latest financial reports, TORRENS ENERGY (TE2) has net assets worth €9.24 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.52 Million) and total liabilities (€1.28 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.24 Million |
| % of Total Assets | 87.86% |
| Annual Growth Rate | -2.9% |
| 5-Year Change | -9.5% |
| 10-Year Change | N/A |
| Growth Volatility | 6.19 |
TORRENS ENERGY - Net Assets Trend (2016–2024)
This chart illustrates how TORRENS ENERGY's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TORRENS ENERGY (2016–2024)
The table below shows the annual net assets of TORRENS ENERGY from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €9.24 Million | -2.33% |
| 2023-06-30 | €9.46 Million | +5.91% |
| 2022-06-30 | €8.93 Million | +0.23% |
| 2021-06-30 | €8.91 Million | -12.72% |
| 2020-06-30 | €10.21 Million | -11.28% |
| 2019-06-30 | €11.51 Million | +4.22% |
| 2018-06-30 | €11.04 Million | -3.77% |
| 2017-06-30 | €11.47 Million | -1.84% |
| 2016-06-30 | €11.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TORRENS ENERGY'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 430006100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €28.51 Million | 308.63% |
| Total Equity | €9.24 Million | 100.00% |
TORRENS ENERGY Competitors by Market Cap
The table below lists competitors of TORRENS ENERGY ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sealand Capital Galaxy Ltd
LSE:SCGL
|
$399.99 |
|
Invesco Asia Trust
LSE:IAT
|
$400.02 |
|
Samba Bank Ltd
KAR:SBL
|
$400.61 |
|
Artemis UK Future Leaders plc
LSE:AFL
|
$401.26 |
|
Pure One Corporation Limited
AU:P1E
|
$399.31 |
|
Quantum Capital Inc
PINK:QTCI
|
$399.25 |
|
Sally Textile Mills Limited
KAR:SLYT
|
$399.14 |
|
Societe Arabe Internationale De Banque S.A.E
EGX:SAIB
|
$399.05 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TORRENS ENERGY's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,458,136 to 9,238,132, a change of -220,004 (-2.3%).
- Net loss of 192,664 reduced equity.
- Share repurchases of 60,975 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-192.66K | -2.09% |
| Share Repurchases | €60.98K | -0.66% |
| Other Changes | €33.63K | +0.36% |
| Total Change | €- | -2.33% |
Book Value vs Market Value Analysis
This analysis compares TORRENS ENERGY'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: 0.89x
- 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 increased from 0.57x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €0.07 | €0.04 | x |
| 2018-06-30 | €0.07 | €0.04 | x |
| 2019-06-30 | €0.06 | €0.04 | x |
| 2020-06-30 | €0.05 | €0.04 | x |
| 2021-06-30 | €0.04 | €0.04 | x |
| 2022-06-30 | €0.04 | €0.04 | x |
| 2023-06-30 | €0.05 | €0.04 | x |
| 2024-06-30 | €0.04 | €0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TORRENS ENERGY 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): -2.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.50%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.14x
- Recent ROE (-2.09%) is above the historical average (-9.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -39.48% | 0.00% | 0.00x | 1.03x | €-5.78 Million |
| 2017 | -2.82% | -1650.79% | 0.00x | 1.02x | €-1.47 Million |
| 2018 | -3.29% | -160.90% | 0.02x | 1.03x | €-1.47 Million |
| 2019 | -6.29% | -111.82% | 0.04x | 1.27x | €-1.87 Million |
| 2020 | -11.10% | -187.74% | 0.05x | 1.28x | €-2.15 Million |
| 2021 | -14.56% | -293.10% | 0.04x | 1.23x | €-2.19 Million |
| 2022 | -8.50% | -72.73% | 0.10x | 1.22x | €-1.65 Million |
| 2023 | 5.21% | 32.37% | 0.14x | 1.17x | €-452.89K |
| 2024 | -2.09% | -17.50% | 0.10x | 1.14x | €-1.12 Million |
Industry Comparison
This section compares TORRENS ENERGY's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TORRENS ENERGY (TE2) | €9.24 Million | -39.48% | 0.14x | $399.66 |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |