Gulf Resources Inc (R29B) - Net Assets
Based on the latest financial reports, Gulf Resources Inc (R29B) has net assets worth €142.21 Million EUR (≈ $166.26 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€164.63 Million ≈ $192.47 Million USD) and total liabilities (€22.42 Million ≈ $26.21 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 Gulf Resources Inc balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €142.21 Million |
| % of Total Assets | 86.38% |
| Annual Growth Rate | -10.51% |
| 5-Year Change | -48.12% |
| 10-Year Change | N/A |
| Growth Volatility | 13.7 |
Gulf Resources Inc - Net Assets Trend (2016–2024)
This chart illustrates how Gulf Resources Inc's net assets have evolved over time, based on quarterly financial data. Check R29B tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Gulf Resources Inc (2016–2024)
The table below shows the annual net assets of Gulf Resources Inc from 2016 to 2024. For live valuation and market cap data, see Gulf Resources Inc (R29B) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €143.71 Million ≈ $168.01 Million |
-29.98% |
| 2023-12-31 | €205.25 Million ≈ $239.96 Million |
-24.44% |
| 2022-12-31 | €271.62 Million ≈ $317.55 Million |
-5.24% |
| 2021-12-31 | €286.64 Million ≈ $335.11 Million |
+3.47% |
| 2020-12-31 | €277.02 Million ≈ $323.87 Million |
+5.29% |
| 2019-12-31 | €263.11 Million ≈ $307.60 Million |
-10.46% |
| 2018-12-31 | €293.85 Million ≈ $343.55 Million |
-21.96% |
| 2017-12-31 | €376.56 Million ≈ $440.24 Million |
+7.75% |
| 2016-12-31 | €349.46 Million ≈ $408.56 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gulf Resources Inc'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 86.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €37.36 Million | 26.00% |
| Other Components | €106.35 Million | 74.00% |
| Total Equity | €143.71 Million | 100.00% |
Gulf Resources Inc Competitors by Market Cap
The table below lists competitors of Gulf Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sozap Publ AB
ST:SOZAP
|
$598.30K |
|
Naked Wines plc
LSE:WINE
|
$599.55K |
|
Schroder British Opportunities Trus
LSE:SBO
|
$600.18K |
|
Waseco Resources Inc.
V:WRI
|
$603.03K |
|
International Parkside Products Inc
V:IPD
|
$597.08K |
|
STV Group plc
LSE:STVG
|
$592.06K |
|
Poolbeg Pharma PLC
LSE:POLB
|
$591.96K |
|
Hitech & Development Wireless Sweden Holding AB (publ)
ST:HDW-B
|
$588.92K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gulf Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 205,248,296 to 143,706,670, a change of -61,541,626 (-30.0%).
- Net loss of 58,935,452 reduced equity.
- Other factors decreased equity by 2,606,174.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-58.94 Million | -41.01% |
| Other Changes | €-2.61 Million | -1.81% |
| Total Change | €- | -29.98% |
Book Value vs Market Value Analysis
This analysis compares Gulf Resources Inc'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: 0.31x
- 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 0.10x to 0.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €40.23 | €4.16 | x |
| 2018-12-31 | €31.39 | €4.16 | x |
| 2019-12-31 | €27.64 | €4.16 | x |
| 2020-12-31 | €27.71 | €4.16 | x |
| 2021-12-31 | €27.37 | €4.16 | x |
| 2022-12-31 | €26.04 | €4.16 | x |
| 2023-12-31 | €19.68 | €4.16 | x |
| 2024-12-31 | €13.40 | €4.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gulf Resources Inc 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): -41.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -769.29%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.18x
- Recent ROE (-41.01%) is below the historical average (-10.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.37% | 24.27% | 0.41x | 1.05x | €1.28 Million |
| 2017 | 0.68% | 2.37% | 0.28x | 1.03x | €-35.10 Million |
| 2018 | -23.81% | -2696.17% | 0.01x | 1.02x | €-99.35 Million |
| 2019 | -9.81% | -243.48% | 0.04x | 1.06x | €-52.11 Million |
| 2020 | -3.04% | -29.85% | 0.10x | 1.06x | €-36.12 Million |
| 2021 | -0.32% | -1.68% | 0.18x | 1.08x | €-29.59 Million |
| 2022 | 3.70% | 15.22% | 0.23x | 1.08x | €-17.10 Million |
| 2023 | -30.11% | -205.68% | 0.13x | 1.10x | €-82.32 Million |
| 2024 | -41.01% | -769.29% | 0.05x | 1.18x | €-73.31 Million |
Industry Comparison
This section compares Gulf Resources Inc's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $14,722,854,010
- Average return on equity (ROE) among peers: -7.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gulf Resources Inc (R29B) | €142.21 Million | 10.37% | 0.16x | $597.98K |
| Ganfeng Lithium Co. Ltd (39EA) | $52.32 Billion | 9.46% | 0.75x | $2.37 Billion |
| CHINA RISUN GROUP HD-10 (45Y) | $15.88 Billion | 0.13% | 2.77x | $1.01 Billion |
| Dongyue Group Limited (4D3) | $18.49 Billion | 20.85% | 0.33x | $2.34 Billion |
| ECORUB AB B (7M8) | $10.34 Million | -95.79% | 1.54x | $104.11K |
| China Sanjiang Fine Chemicals Company Limited (8C9) | $3.52 Billion | 19.64% | 1.46x | $421.25 Million |
| TAURUS ENERGY AB B SK120 (8LU) | $6.52 Million | -260.55% | 0.15x | $2.91 Million |
| BASF SE (BAS) | $14.16 Billion | 8.74% | 1.12x | $45.45 Billion |
| BASF SE (BASA) | $36.65 Billion | 0.61% | 1.11x | $45.63 Billion |
| Advance NanoTek Limited (BBJ) | $3.64 Million | -3.29% | 0.48x | $27.06 Million |
| BRASKEM PFD ADR/2 O.N. (BRD) | $6.20 Billion | 225.43% | 13.92x | $593.02 Million |
About Gulf Resources Inc
Gulf Resources, Inc., through its subsidiaries, manufactures and trades in bromine and crude salt in the People's Republic of China. The company operates through four segments: Bromine, Crude Salt, Chemical Products, and Natural Gas. It provides bromine for the manufacturing of various bromine compounds for applications in industry and agriculture, intermediates in organic synthesis, brominated f… Read more