Tanzanian Royalty Exploration Corp Net Assets
Tanzanian Royalty Exploration Corp net assets. Based on the latest financial reports, Tanzanian Royalty Exploration Corp (TRX) has net assets worth $103.73 Million USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($180.39 Million) and total liabilities ($76.66 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. See TRX net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $103.73 Million |
| % of Total Assets | 57.5% |
| Annual Growth Rate | 11.9% |
| 5-Year Change | 204.71% |
| 10-Year Change | 423.72% |
| Growth Volatility | 32.04 |
Net Assets of Tanzanian Royalty Exploration Corp (1998–2025)
Net assets of Tanzanian Royalty Exploration Corp from 1998 to 2025. This chart illustrates how Tanzanian Royalty Exploration Corp's net assets have evolved over time, based on quarterly financial data. Also explore net asset momentum of Tanzanian Royalty Exploration Corp to track the company's year-over-year net asset growth rate.
Annual Net Assets for Tanzanian Royalty Exploration Corp (1998–2025)
The table below shows the annual net assets of Tanzanian Royalty Exploration Corp from 1998 to 2025. For live market cap and overall valuation, see TRX market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $140.65 Million | +58.17% |
| 2024-08-31 | $88.93 Million | +7.43% |
| 2023-08-31 | $82.77 Million | +23.62% |
| 2022-08-31 | $66.96 Million | +45.06% |
| 2021-08-31 | $46.16 Million | +84.37% |
| 2020-08-31 | $25.04 Million | +36.24% |
| 2019-08-31 | $18.38 Million | -46.26% |
| 2018-08-31 | $34.19 Million | +19.06% |
| 2017-08-31 | $28.72 Million | +6.94% |
| 2016-08-31 | $26.86 Million | -41.36% |
| 2015-08-31 | $45.80 Million | -11.34% |
| 2014-08-31 | $51.65 Million | -1.00% |
| 2013-08-31 | $52.17 Million | +2.61% |
| 2012-08-31 | $50.84 Million | -10.22% |
| 2011-08-31 | $56.63 Million | +90.17% |
| 2010-08-31 | $29.78 Million | +4.81% |
| 2009-08-31 | $28.41 Million | +8.01% |
| 2008-08-31 | $26.31 Million | +6.32% |
| 2007-08-31 | $24.74 Million | +2.68% |
| 2006-08-31 | $24.10 Million | +10.13% |
| 2005-08-31 | $21.88 Million | +3.89% |
| 2004-08-31 | $21.06 Million | +43.49% |
| 2003-08-31 | $14.68 Million | +16.67% |
| 2002-08-31 | $12.58 Million | +64.18% |
| 2001-08-31 | $7.66 Million | +32.36% |
| 2000-08-31 | $5.79 Million | +2.57% |
| 1999-08-31 | $5.64 Million | -16.52% |
| 1998-08-31 | $6.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tanzanian Royalty Exploration Corp'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 22272837699.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Tanzanian Royalty Exploration Corp Net Assets Breakdown (August 2025)
Tanzanian Royalty Exploration Corp net assets breakdown by equity component as of August 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $316.62 Million | 293.33% |
| Other Comprehensive Income | $19.75 Million | 18.29% |
| Total Equity | $107.94 Million | 100.00% |
Tanzanian Royalty Exploration Corp Competitors by Market Cap
The table below lists competitors of Tanzanian Royalty Exploration Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SBC Exports Limited
NSE:SBC
|
$314.40 Million |
|
Wuhan Hanshang Group Co Ltd
SHG:600774
|
$314.73 Million |
|
Zhejiang Hengwei Battery Co. Ltd.
SHE:301222
|
$314.79 Million |
|
ABC arbitrage SA
PA:ABCA
|
$314.86 Million |
|
Wuxi Honghui New Materials Technology Co Ltd
SHE:002802
|
$314.25 Million |
|
Liaoning SG Automotive Group Co Ltd
SHG:600303
|
$314.10 Million |
|
Surgical Science Sweden AB
ST:SUS
|
$314.10 Million |
|
Eastern Pioneer Auto Driving S
SHG:603377
|
$314.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tanzanian Royalty Exploration Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 73,931,158 to 107,940,000, a change of 34,008,842 (46.0%).
- Net income of 943,690 contributed positively to equity growth.
- Share repurchases of 1,000,000 reduced equity.
- Other comprehensive income increased equity by 5,135,285.
- Other factors increased equity by 28,929,867.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $943.69K | +0.87% |
| Share Repurchases | $1.00 Million | -0.93% |
| Other Comprehensive Income | $5.14 Million | +4.76% |
| Other Changes | $28.93 Million | +26.8% |
| Total Change | $- | 46.00% |
Book Value vs Market Value Analysis
This analysis compares Tanzanian Royalty Exploration Corp'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: 2.98x
- 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 5.88x to 2.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-08-31 | $0.19 | $1.09 | x |
| 1999-08-31 | $0.15 | $1.09 | x |
| 2000-08-31 | $0.14 | $1.09 | x |
| 2001-08-31 | $0.15 | $1.09 | x |
| 2002-08-31 | $0.17 | $1.09 | x |
| 2003-08-31 | $0.19 | $1.09 | x |
| 2004-08-31 | $0.26 | $1.09 | x |
| 2005-08-31 | $0.26 | $1.09 | x |
| 2006-08-31 | $0.28 | $1.09 | x |
| 2007-08-31 | $0.29 | $1.09 | x |
| 2008-08-31 | $0.30 | $1.09 | x |
| 2009-08-31 | $0.32 | $1.09 | x |
| 2010-08-31 | $0.33 | $1.09 | x |
| 2011-08-31 | $0.60 | $1.09 | x |
| 2012-08-31 | $0.51 | $1.09 | x |
| 2013-08-31 | $0.50 | $1.09 | x |
| 2014-08-31 | $0.49 | $1.09 | x |
| 2015-08-31 | $0.43 | $1.09 | x |
| 2016-08-31 | $0.24 | $1.09 | x |
| 2017-08-31 | $0.24 | $1.09 | x |
| 2018-08-31 | $0.27 | $1.09 | x |
| 2019-08-31 | $0.13 | $1.09 | x |
| 2020-08-31 | $0.15 | $1.09 | x |
| 2021-08-31 | $0.21 | $1.09 | x |
| 2022-08-31 | $0.24 | $1.09 | x |
| 2023-08-31 | $0.25 | $1.09 | x |
| 2024-08-31 | $0.25 | $1.09 | x |
| 2025-08-31 | $0.37 | $1.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tanzanian Royalty Exploration Corp 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): 0.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.19%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.05x
- Recent ROE (0.87%) is above the historical average (-21.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -11.44% | -122756947.62% | 0.00x | 1.01x | $-1.45 Million |
| 1999 | -27.70% | -116672017.91% | 0.00x | 1.04x | $-2.13 Million |
| 2000 | -40.01% | -170316994.12% | 0.00x | 1.06x | $-2.90 Million |
| 2001 | -6.68% | 0.00% | 0.00x | 1.05x | $-1.28 Million |
| 2002 | -6.86% | 0.00% | 0.00x | 1.07x | $-2.12 Million |
| 2003 | -14.84% | 0.00% | 0.00x | 1.05x | $-3.65 Million |
| 2004 | -7.59% | 0.00% | 0.00x | 1.04x | $-3.70 Million |
| 2005 | -13.40% | 0.00% | 0.00x | 1.02x | $-5.12 Million |
| 2006 | -17.90% | 0.00% | 0.00x | 1.03x | $-6.72 Million |
| 2007 | -15.85% | 0.00% | 0.00x | 1.03x | $-6.40 Million |
| 2008 | -14.02% | -4471.14% | 0.00x | 1.02x | $-6.32 Million |
| 2009 | -16.54% | 0.00% | 0.00x | 1.02x | $-7.54 Million |
| 2010 | -11.32% | 0.00% | 0.00x | 1.08x | $-6.35 Million |
| 2011 | -19.71% | 0.00% | 0.00x | 1.20x | $-16.82 Million |
| 2012 | -17.53% | 0.00% | 0.00x | 1.25x | $-14.00 Million |
| 2013 | -6.01% | 0.00% | 0.00x | 1.16x | $-8.02 Million |
| 2014 | -3.97% | 0.00% | 0.00x | 1.06x | $-6.98 Million |
| 2015 | -19.92% | 0.00% | 0.00x | 1.19x | $-13.25 Million |
| 2016 | -48.68% | 0.00% | 0.00x | 1.48x | $-15.14 Million |
| 2017 | -21.21% | 0.00% | 0.00x | 1.45x | $-8.74 Million |
| 2018 | -19.92% | 0.00% | 0.00x | 1.58x | $-10.02 Million |
| 2019 | -170.39% | 0.00% | 0.00x | 2.14x | $-32.10 Million |
| 2020 | -45.64% | 0.00% | 0.00x | 1.52x | $-14.07 Million |
| 2021 | -8.35% | 0.00% | 0.00x | 1.18x | $-8.75 Million |
| 2022 | -12.37% | -41.18% | 0.20x | 1.47x | $-14.29 Million |
| 2023 | 4.16% | 5.87% | 0.42x | 1.70x | $-4.27 Million |
| 2024 | -0.86% | -1.14% | 0.41x | 1.85x | $-8.03 Million |
| 2025 | 0.87% | 1.19% | 0.36x | 2.05x | $-9.85 Million |
Industry Comparison
This section compares Tanzanian Royalty Exploration Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $583,248,176
- Average return on equity (ROE) among peers: -309.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tanzanian Royalty Exploration Corp (TRX) | $103.73 Million | -11.44% | 0.74x | $314.28 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aura Minerals Inc. Common Shares (AUGO) | $272.27 Million | 15.98% | 1.18x | $6.55 Billion |
| Austin Gold Corp (AUST) | $3.69 Million | -84.10% | 0.01x | $17.66 Million |
| Barrick Mining Corporation (B) | $3.49 Billion | 5.73% | 0.53x | $63.90 Billion |
| Blue Gold Limited Class A Ordinary Shares (BGL) | $228.04 Million | 6.07% | 0.05x | $5.09 Million |
| Coeur Mining Inc (CDE) | $1.02 Billion | -10.12% | 1.03x | $13.83 Billion |
| Caledonia Mining Corporation (CMCL) | $24.33 Million | -19.15% | 0.22x | $440.34 Million |
| Collective Mining Ltd. (CNL) | $561.06 Million | 11.80% | 2.27x | $1.45 Billion |
| Contango ORE Inc (CTGO) | $1.27 Million | -2988.29% | 104.21x | $346.52 Million |
| Dakota Gold Corp. (DC) | $112.52 Million | -26.31% | 0.03x | $698.29 Million |
About Tanzanian Royalty Exploration Corp
TRX Gold Corporation engages in the exploration, development, and production of mineral property in Tanzania. Its flagship project is the Buckreef Gold Project in Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. The company was incorporated in 1990 and is based in Oakville, Canada.