THETA GOLD MNS LTD Net Assets
THETA GOLD MNS LTD net assets. Based on the latest financial reports, THETA GOLD MNS LTD (3LM) has net assets worth €-2.12 Million EUR (≈ $-2.48 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€23.80 Million ≈ $27.83 Million USD) and total liabilities (€25.92 Million ≈ $30.31 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. Also explore net asset momentum of THETA GOLD MNS LTD to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €-2.12 Million |
| % of Total Assets | -8.91% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 34.86 |
Net Assets of THETA GOLD MNS LTD (2021–2024)
Net assets of THETA GOLD MNS LTD from 2021 to 2024. This chart illustrates how THETA GOLD MNS LTD's net assets have evolved over time, based on quarterly financial data. See 3LM equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for THETA GOLD MNS LTD (2021–2024)
The table below shows the annual net assets of THETA GOLD MNS LTD from 2021 to 2024. For live market cap and overall valuation, see 3LM market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €-2.12 Million ≈ $-2.48 Million |
-208.14% |
| 2023-06-30 | €-688.00K ≈ $-804.34K |
-114.28% |
| 2022-06-30 | €4.82 Million ≈ $5.63 Million |
-44.56% |
| 2021-06-30 | €8.69 Million ≈ $10.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to THETA GOLD MNS 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 2105200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
THETA GOLD MNS LTD Net Assets Breakdown (June 2024)
THETA GOLD MNS LTD net assets breakdown by equity component as of June 2024.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €105.92 Million | % |
| Total Equity | €-2.12 Million | 100.00% |
THETA GOLD MNS LTD Competitors by Market Cap
The table below lists competitors of THETA GOLD MNS LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ekovest Bhd
KLSE:8877
|
$137.74 Million |
|
Basso Industry Corp
TW:1527
|
$137.74 Million |
|
Auden Techno
TW:3138
|
$137.79 Million |
|
SMARTER WEB CO.PLC LS-001
F:3M8
|
$137.81 Million |
|
Ceres Global Ag Corp
TO:CRP
|
$137.69 Million |
|
MCH Group AG
SW:MCHN
|
$137.67 Million |
|
Aeluma, Inc
NASDAQ:ALMU
|
$137.66 Million |
|
Para Light Electronics Co Ltd
TW:6226
|
$137.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in THETA GOLD MNS LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -688,000 to -2,120,000, a change of -1,432,000.
- Net loss of 6,391,000 reduced equity.
- New share issuances of 8,635,000 increased equity.
- Other factors decreased equity by 3,676,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-6.39 Million | -301.46% |
| Share Issuances | €8.63 Million | +407.31% |
| Other Changes | €-3.68 Million | -173.4% |
| Total Change | €- | % |
Book Value vs Market Value Analysis
This analysis compares THETA GOLD MNS 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | €0.02 | €0.11 | x |
| 2022-06-30 | €0.01 | €0.11 | x |
| 2023-06-30 | €0.00 | €0.11 | x |
| 2024-06-30 | €0.00 | €0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently THETA GOLD MNS 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-52.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -50.24% | 0.00% | 0.00x | 2.23x | €-5.23 Million |
| 2022 | -158.52% | 0.00% | 0.00x | 4.12x | €-8.12 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | €-6.96 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | €-6.18 Million |
Industry Comparison
This section compares THETA GOLD MNS LTD's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,681,625,296
- Average return on equity (ROE) among peers: -186.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| THETA GOLD MNS LTD (3LM) | €-2.12 Million | -50.24% | N/A | $137.73 Million |
| Pearl Gold AG (02P) | $0.00 | 0.00% | 0.00x | $9.94 Million |
| NEWPATH RESOURCES INC. (0MZ) | $790.67K | -1412.37% | 2.56x | $556.56K |
| SHAND.GOLD MNG LTD H HD 1 (188H) | $36.70 Billion | 3.40% | 1.47x | $1.99 Billion |
| Asante Gold Corporation (1A9) | $1.04 Million | -82.24% | 3.01x | $355.33 Million |
| American Pacific Mining Corp (1QC1) | $41.94 Million | -24.06% | 0.02x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $43.88 Million | -7.79% | 0.14x | $236.82 Million |
| WALKER RIVER RES CORP (1WV0) | $8.41 Million | -20.86% | 0.06x | $8.24 Million |
| CLARITY METALS CORP. (27G0) | $2.96 Million | -220.38% | 0.18x | $273.09K |
| CANDELARIA MINING CORP (29LN) | $12.93 Million | -82.55% | 0.30x | $262.83K |
| SIXTY NORTH GOLD MIN.LTD. (2F40) | $7.83 Million | -15.12% | 0.05x | $10.77 Million |
About THETA GOLD MNS LTD
Theta Gold Mines Limited engages in the gold exploration and development business in South Africa. The company's flagship project is the TGME Gold Mine project located in South Africa. The company was formerly known as Stonewall Resources Limited and changed its name to Theta Gold Mines Limited in December 2018. Theta Gold Mines Limited was incorporated in 2008 and is based in Sydney, Australia.