ASA Gold and Precious Metals Ltd (ASA) - Net Assets
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. Check how resilient are ASA Gold and Precious Metals Ltd's assets to evaluate the company's liquid asset resilience ratio.
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. Also explore ASA Gold and Precious Metals Ltd asset portfolio for the complete picture of this company's asset base.
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. For live valuation and market cap data, see ASA Gold and Precious Metals Ltd stock valuation.
| 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 |
|---|---|
|
Jiangsu SINOJIT Wind Energy Technology Co Ltd
SHG:601218
|
$917.45 Million |
|
Emerald Expositions Events Inc
NYSE:EEX
|
$917.83 Million |
|
Rayhoo Motor Dies Co Ltd
SHE:002997
|
$918.30 Million |
|
Zhengping Road&Bridge Constr
SHG:603843
|
$918.32 Million |
|
Foshan Saturday Shoes Co Ltd
SHE:002291
|
$917.23 Million |
|
Dashang Co Ltd
SHG:600694
|
$917.10 Million |
|
Sun Create Electronics Co., Ltd
SHG:600990
|
$917.10 Million |
|
China Resources and Environment Co Ltd
SHG:600217
|
$916.90 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: 1.07x
- 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 3.65x to 1.07x 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 | $62.71 | x |
| 2004-11-30 | $16.65 | $62.71 | x |
| 2005-11-30 | $18.64 | $62.71 | x |
| 2006-11-30 | $24.73 | $62.71 | x |
| 2007-11-30 | $28.26 | $62.71 | x |
| 2008-11-30 | $15.79 | $62.71 | x |
| 2009-11-30 | $29.86 | $62.71 | x |
| 2010-11-30 | $34.44 | $62.71 | x |
| 2011-11-30 | $32.27 | $62.71 | x |
| 2012-11-30 | $24.20 | $62.71 | x |
| 2013-11-30 | $12.97 | $62.71 | x |
| 2014-11-30 | $11.50 | $62.71 | x |
| 2015-11-30 | $8.33 | $62.71 | x |
| 2016-11-30 | $12.62 | $62.71 | x |
| 2017-11-30 | $12.60 | $62.71 | x |
| 2018-11-30 | $10.10 | $62.71 | x |
| 2019-11-30 | $14.82 | $62.71 | x |
| 2020-11-30 | $24.05 | $62.71 | x |
| 2021-11-30 | $24.95 | $62.71 | x |
| 2022-11-30 | $16.88 | $62.71 | x |
| 2023-11-30 | $17.22 | $62.71 | x |
| 2024-11-30 | $23.11 | $62.71 | x |
| 2025-11-30 | $58.54 | $62.71 | 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: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
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 | $917.38 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About 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