RareX Limited (CK1) - Net Assets
Based on the latest financial reports, RareX Limited (CK1) has net assets worth €4.47 Million EUR (≈ $5.23 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 (€5.48 Million ≈ $6.41 Million USD) and total liabilities (€1.01 Million ≈ $1.18 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 tangible net worth ratio of RareX Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.47 Million |
| % of Total Assets | 81.61% |
| Annual Growth Rate | 12.05% |
| 5-Year Change | -29.57% |
| 10-Year Change | 264.17% |
| Growth Volatility | 114.91 |
RareX Limited - Net Assets Trend (2014–2024)
This chart illustrates how RareX Limited's net assets have evolved over time, based on quarterly financial data. See CK1 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for RareX Limited (2014–2024)
The table below shows the annual net assets of RareX Limited from 2014 to 2024. For live valuation and market cap data, see how much is RareX Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €4.47 Million ≈ $5.23 Million |
-18.92% |
| 2023-06-30 | €5.52 Million ≈ $6.45 Million |
-42.33% |
| 2022-06-30 | €9.56 Million ≈ $11.18 Million |
+16.14% |
| 2021-06-30 | €8.24 Million ≈ $9.63 Million |
+29.69% |
| 2020-06-30 | €6.35 Million ≈ $7.42 Million |
+367.83% |
| 2019-06-30 | €1.36 Million ≈ $1.59 Million |
-46.11% |
| 2018-06-30 | €2.52 Million ≈ $2.94 Million |
+59.74% |
| 2017-06-30 | €1.58 Million ≈ $1.84 Million |
-13.28% |
| 2016-06-30 | €1.82 Million ≈ $2.13 Million |
+48.06% |
| 2015-06-30 | €1.23 Million ≈ $1.44 Million |
-14.33% |
| 2014-06-30 | €1.43 Million ≈ $1.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to RareX Limited'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 4263943200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €61.80 Million | 1381.80% |
| Total Equity | €4.47 Million | 100.00% |
RareX Limited Competitors by Market Cap
The table below lists competitors of RareX Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oriental Culture Holding Ltd
NASDAQ:OCG
|
$3.56 Million |
|
Western Yilgarn NL
AU:WYX
|
$3.56 Million |
|
Lexus Granito (India) Limited
NSE:LEXUS
|
$3.56 Million |
|
Yari Minerals Ltd
AU:YAR
|
$3.56 Million |
|
Synergy CHC Corp. Common Stock
NASDAQ:SNYR
|
$3.56 Million |
|
Thai Setakij Insurance PCL
BK:TSI
|
$3.56 Million |
|
ZEUS Resources Ltd
AU:ZEU
|
$3.55 Million |
|
RWS Holdings PLC
LSE:RWS
|
$3.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RareX Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,516,203 to 4,472,527, a change of -1,043,676 (-18.9%).
- Net loss of 3,281,702 reduced equity.
- Share repurchases of 27,097 reduced equity.
- New share issuances of 1,834,505 increased equity.
- Other factors increased equity by 430,618.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.28 Million | -73.37% |
| Share Repurchases | €27.10K | -0.61% |
| Share Issuances | €1.83 Million | +41.02% |
| Other Changes | €430.62K | +9.63% |
| Total Change | €- | -18.92% |
Book Value vs Market Value Analysis
This analysis compares RareX Limited'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: 0.53x
- 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 0.21x to 0.53x 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 | €0.01 | €0.00 | x |
| 2018-06-30 | €0.02 | €0.00 | x |
| 2019-06-30 | €0.01 | €0.00 | x |
| 2020-06-30 | €0.02 | €0.00 | x |
| 2021-06-30 | €0.02 | €0.00 | x |
| 2022-06-30 | €0.02 | €0.00 | x |
| 2023-06-30 | €0.01 | €0.00 | x |
| 2024-06-30 | €0.01 | €0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RareX Limited 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): -73.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7573.74%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.23x
- Recent ROE (-73.37%) is above the historical average (-97.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -100.90% | -2637.23% | 0.03x | 1.49x | €-1.59 Million |
| 2015 | -77.80% | -457.64% | 0.13x | 1.30x | €-1.08 Million |
| 2016 | -71.31% | -10237.09% | 0.01x | 1.13x | €-1.48 Million |
| 2017 | -63.33% | 0.00% | 0.00x | 1.03x | €-1.16 Million |
| 2018 | -50.66% | 0.00% | 0.00x | 1.04x | €-1.53 Million |
| 2019 | -162.74% | -2209.01% | 0.07x | 1.12x | €-2.34 Million |
| 2020 | -105.32% | 0.00% | 0.00x | 1.21x | €-7.32 Million |
| 2021 | -84.03% | 0.00% | 0.00x | 1.14x | €-7.74 Million |
| 2022 | -117.36% | 0.00% | 0.00x | 1.24x | €-12.18 Million |
| 2023 | -168.99% | 0.00% | 0.00x | 1.39x | €-9.87 Million |
| 2024 | -73.37% | -7573.74% | 0.01x | 1.23x | €-3.73 Million |
Industry Comparison
This section compares RareX Limited'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: $5,102,391
- Average return on equity (ROE) among peers: -52.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RareX Limited (CK1) | €4.47 Million | -100.90% | 0.23x | $3.56 Million |
| Scandium International Mining Corp (0E6) | $1.33 Million | -158.28% | 0.03x | $31.49 Million |
| PROSPECT RIDGE RESOURCES (0ED) | $6.44 Million | -34.62% | 0.09x | $3.19 Million |
| Asiamet Resources Ltd (0FK) | $7.46 Million | -78.84% | 0.24x | $25.79 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.25 Million | -20.09% | 0.38x | $317.36K |
| Benz Mining Corp (1VU) | $22.89 Million | -32.78% | 0.12x | $405.93 Million |
| BENZ MINING CORP CDI/1 (1VU0) | $8.77 Million | -54.50% | 0.49x | $397.29 Million |
| Pacific Empire Minerals Corp (1YK) | $782.75K | -129.26% | 0.24x | $7.21 Million |
| PURANIUM ENERGY LTD. (2DK) | $-109.30K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.22 Million | -19.90% | 0.46x | $70.07K |
| GOLCAP RESOURCES CORP (2SO0) | $-2.39K | 0.00% | 0.00x | $2.24 Million |
About RareX Limited
RareX Limited engages in the exploration and development of mineral properties in Australia. The company primarily explores for rare earths and gallium, niobium, and scandium in hardrock carbonatites. Its flagship project is the 100% owned Cummins Range Rare Earths project located in the Kimberley region of Western Australia. The company was incorporated in 2003 and is based in Subiaco, Australia.