ASA Gold and Precious Metals Ltd
ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds. The firm employs fundamental analysis with a bottom-up app… Read more
ASA Gold and Precious Metals Ltd (ASA) - Net Assets
Latest net assets as of November 2025: $1.10 Billion USD
Based on the latest financial reports, ASA Gold and Precious Metals Ltd (ASA) has net assets worth $1.10 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.10 Billion) and total liabilities ($2.11 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 | $1.10 Billion |
| % of Total Assets | 99.81% |
| Annual Growth Rate | 7.79% |
| 5-Year Change | 128.09% |
| 10-Year Change | 352.21% |
| Growth Volatility | 43.29 |
ASA Gold and Precious Metals Ltd - Net Assets Trend (2000–2025)
This chart illustrates how ASA Gold and Precious Metals Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ASA Gold and Precious Metals Ltd (2000–2025)
The table below shows the annual net assets of ASA Gold and Precious Metals Ltd from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $1.10 Billion | +147.64% |
| 2024-11-30 | $444.15 Million | +32.62% |
| 2023-11-30 | $334.91 Million | +2.87% |
| 2022-11-30 | $325.57 Million | -32.49% |
| 2021-11-30 | $482.23 Million | +3.94% |
| 2020-11-30 | $463.94 Million | +62.28% |
| 2019-11-30 | $285.88 Million | +46.73% |
| 2018-11-30 | $194.83 Million | -20.22% |
| 2017-11-30 | $244.20 Million | +0.40% |
| 2016-11-30 | $243.23 Million | +51.31% |
| 2015-11-30 | $160.74 Million | -27.53% |
| 2014-11-30 | $221.80 Million | -11.62% |
| 2013-11-30 | $250.96 Million | -46.20% |
| 2012-11-30 | $466.49 Million | -25.49% |
| 2011-11-30 | $626.10 Million | -6.50% |
| 2010-11-30 | $669.60 Million | +15.37% |
| 2009-11-30 | $580.40 Million | +70.16% |
| 2008-11-30 | $341.10 Million | -58.09% |
| 2007-11-30 | $813.80 Million | +14.25% |
| 2006-11-30 | $712.30 Million | +32.67% |
| 2005-11-30 | $536.90 Million | +11.97% |
| 2004-11-30 | $479.50 Million | -3.09% |
| 2003-11-30 | $494.80 Million | +53.94% |
| 2002-11-30 | $321.42 Million | +52.37% |
| 2001-11-30 | $210.94 Million | +25.02% |
| 2000-11-30 | $168.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ASA Gold and Precious Metals 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 687.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.08 Billion | 98.17% |
| Common Stock | $18.79 Million | 1.71% |
| Other Components | $1.34 Million | 0.12% |
| Total Equity | $1.10 Billion | 100.00% |
ASA Gold and Precious Metals Ltd Competitors by Market Cap
The table below lists competitors of ASA Gold and Precious Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Da An Gene Co Ltd of Sun Yat-Sen University
SHE:002030
|
$784.18 Million |
|
NCAB Group
ST:NCAB
|
$784.83 Million |
|
Shanghai Tofflon Science Tech
SHE:300171
|
$784.88 Million |
|
Genco Shipping & Trading Ltd
NYSE:GNK
|
$785.23 Million |
|
BioLife Solutions Inc
NASDAQ:BLFS
|
$784.06 Million |
|
Shanghai SMI Holding Co Ltd
SHG:600649
|
$784.03 Million |
|
Noah Holdings Ltd
NYSE:NOAH
|
$783.86 Million |
|
Zhejiang Founder Motor Co Ltd
SHE:002196
|
$783.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ASA Gold and Precious Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 444,153,654 to 1,099,900,019, a change of 655,746,365 (147.6%).
- Net income of 664,073,428 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $664.07 Million | +60.38% |
| Other Changes | $-8.33 Million | -0.76% |
| Total Change | $- | 147.64% |
Book Value vs Market Value Analysis
This analysis compares ASA Gold and Precious Metals 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: 1.12x
- 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 3.82x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-11-30 | $17.18 | $65.59 | x |
| 2004-11-30 | $16.65 | $65.59 | x |
| 2005-11-30 | $18.64 | $65.59 | x |
| 2006-11-30 | $24.73 | $65.59 | x |
| 2007-11-30 | $28.26 | $65.59 | x |
| 2008-11-30 | $15.79 | $65.59 | x |
| 2009-11-30 | $29.86 | $65.59 | x |
| 2010-11-30 | $34.44 | $65.59 | x |
| 2011-11-30 | $32.27 | $65.59 | x |
| 2012-11-30 | $24.20 | $65.59 | x |
| 2013-11-30 | $12.97 | $65.59 | x |
| 2014-11-30 | $11.50 | $65.59 | x |
| 2015-11-30 | $8.33 | $65.59 | x |
| 2016-11-30 | $12.62 | $65.59 | x |
| 2017-11-30 | $12.60 | $65.59 | x |
| 2018-11-30 | $10.10 | $65.59 | x |
| 2019-11-30 | $14.82 | $65.59 | x |
| 2020-11-30 | $24.05 | $65.59 | x |
| 2021-11-30 | $24.95 | $65.59 | x |
| 2022-11-30 | $16.88 | $65.59 | x |
| 2023-11-30 | $17.22 | $65.59 | x |
| 2024-11-30 | $23.11 | $65.59 | x |
| 2025-11-30 | $58.54 | $65.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ASA Gold and Precious Metals 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): 60.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 448.21%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.00x
- Recent ROE (60.38%) is above the historical average (2.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 3.16% | 66.34% | 0.05x | 1.04x | $-11.54 Million |
| 2001 | 17.29% | 306.35% | 0.06x | 1.00x | $15.37 Million |
| 2002 | 1.39% | 41.00% | 0.03x | 1.01x | $-27.66 Million |
| 2003 | 36.59% | 1553.99% | 0.02x | 1.02x | $131.56 Million |
| 2004 | -2.08% | -150.15% | 0.01x | 1.00x | $-57.92 Million |
| 2005 | 12.30% | 1082.62% | 0.01x | 1.02x | $12.35 Million |
| 2006 | 25.83% | 1597.05% | 0.02x | 1.01x | $112.75 Million |
| 2007 | 15.19% | 852.41% | 0.02x | 1.00x | $42.22 Million |
| 2008 | -77.81% | -2320.10% | 0.03x | 1.04x | $-299.53 Million |
| 2009 | 52.27% | 8594.62% | 0.01x | 1.00x | $245.35 Million |
| 2010 | 14.32% | 1933.27% | 0.01x | 1.00x | $28.93 Million |
| 2011 | -5.11% | -542.03% | 0.01x | 1.01x | $-94.59 Million |
| 2012 | -32.64% | -2645.88% | 0.01x | 1.00x | $-198.91 Million |
| 2013 | -84.95% | -4777.26% | 0.02x | 1.01x | $-237.71 Million |
| 2014 | -12.52% | 0.00% | -0.03x | 1.01x | $-49.96 Million |
| 2015 | -35.00% | -1353.22% | 0.03x | 1.01x | $-72.34 Million |
| 2016 | 34.23% | 96.29% | 0.35x | 1.01x | $58.93 Million |
| 2017 | 0.71% | 36.21% | 0.02x | 1.01x | $-22.68 Million |
| 2018 | -25.04% | 0.00% | -0.23x | 1.01x | $-68.27 Million |
| 2019 | 31.98% | 97.58% | 0.33x | 1.00x | $62.84 Million |
| 2020 | 38.46% | 99.32% | 0.39x | 1.00x | $132.05 Million |
| 2021 | 3.81% | 94.83% | 0.04x | 1.00x | $-29.84 Million |
| 2022 | -47.90% | 0.00% | -0.47x | 1.00x | $-188.50 Million |
| 2023 | 2.90% | 85.63% | 0.03x | 1.00x | $-23.77 Million |
| 2024 | 25.96% | 96.94% | 0.27x | 1.00x | $70.88 Million |
| 2025 | 60.38% | 448.21% | 0.13x | 1.00x | $554.08 Million |
Industry Comparison
This section compares ASA Gold and Precious Metals Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ASA Gold and Precious Metals Ltd (ASA) | $1.10 Billion | 3.16% | 0.00x | $784.17 Million |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |