Akobo Minerals AB (publ) (AKOBO) - Net Assets
Based on the latest financial reports, Akobo Minerals AB (publ) (AKOBO) has net assets worth Nkr-157.78 Million NOK (≈ $-16.60 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr158.50 Million ≈ $16.68 Million USD) and total liabilities (Nkr316.29 Million ≈ $33.28 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 asset resilience ratio of Akobo Minerals AB (publ) to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr-157.78 Million |
| % of Total Assets | -99.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | -513.48% |
| 10-Year Change | N/A |
| Growth Volatility | 187.5 |
Akobo Minerals AB (publ) - Net Assets Trend (2019–2024)
This chart illustrates how Akobo Minerals AB (publ)'s net assets have evolved over time, based on quarterly financial data. Also explore Akobo Minerals AB (publ) (AKOBO) total assets for the complete picture of this company's asset base.
Annual Net Assets for Akobo Minerals AB (publ) (2019–2024)
The table below shows the annual net assets of Akobo Minerals AB (publ) from 2019 to 2024. For live valuation and market cap data, see market cap of Akobo Minerals AB (publ).
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr-185.56 Million ≈ $-19.53 Million |
-158.36% |
| 2023-12-31 | Nkr-71.82 Million ≈ $-7.56 Million |
-390.18% |
| 2022-12-31 | Nkr24.75 Million ≈ $2.60 Million |
-68.99% |
| 2021-12-31 | Nkr79.81 Million ≈ $8.40 Million |
+77.85% |
| 2020-12-31 | Nkr44.88 Million ≈ $4.72 Million |
+59.18% |
| 2019-12-31 | Nkr28.19 Million ≈ $2.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Akobo Minerals AB (publ)'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 45584210100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr6.99 Million | % |
| Other Components | Nkr282.98 Million | % |
| Total Equity | Nkr-185.56 Million | 100.00% |
Akobo Minerals AB (publ) Competitors by Market Cap
The table below lists competitors of Akobo Minerals AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TradeDoubler AB
ST:TRAD
|
$42.28 Million |
|
Gigas Hosting S.A
MC:GIGA
|
$42.29 Million |
|
Chian Hsing Forging Industrial Co Ltd
TWO:4528
|
$42.29 Million |
|
PTRB
KLSE:0260
|
$42.31 Million |
|
Aarti Surfactants Limited
NSE:AARTISURF
|
$42.26 Million |
|
Anson Resources Limited
F:9MY
|
$42.22 Million |
|
Biokarpet S.A.
AT:BIOKA
|
$42.22 Million |
|
First Graphene Ltd
F:M11
|
$42.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Akobo Minerals AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -71,822,919 to -185,559,060, a change of -113,736,141.
- Net loss of 165,315,260 reduced equity.
- Share repurchases of 129,302,320 reduced equity.
- New share issuances of 129,302,322 increased equity.
- Other factors increased equity by 51,579,117.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-165.32 Million | -89.09% |
| Share Repurchases | Nkr129.30 Million | -69.68% |
| Share Issuances | Nkr129.30 Million | +69.68% |
| Other Changes | Nkr51.58 Million | +27.8% |
| Total Change | Nkr- | % |
Book Value vs Market Value Analysis
This analysis compares Akobo Minerals AB (publ)'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Nkr0.75 | Nkr1.75 | x |
| 2020-12-31 | Nkr1.20 | Nkr1.75 | x |
| 2021-12-31 | Nkr1.88 | Nkr1.75 | x |
| 2022-12-31 | Nkr0.58 | Nkr1.75 | x |
| 2023-12-31 | Nkr-1.22 | Nkr1.75 | x |
| 2024-12-31 | Nkr-0.99 | Nkr1.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Akobo Minerals AB (publ) 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -953.37%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-43.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -3.71% | -1252.73% | 0.00x | 1.22x | Nkr-3.87 Million |
| 2020 | -24.45% | 0.00% | 0.00x | 1.06x | Nkr-15.46 Million |
| 2021 | -12.35% | 0.00% | 0.00x | 1.08x | Nkr-17.84 Million |
| 2022 | -219.24% | 0.00% | 0.00x | 7.24x | Nkr-56.74 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | Nkr-161.87 Million |
| 2024 | 0.00% | -953.37% | 0.18x | 0.00x | Nkr-146.76 Million |
Industry Comparison
This section compares Akobo Minerals AB (publ)'s net assets metrics with peer companies in the Gold industry.
No peer company data available for comparison.
About Akobo Minerals AB (publ)
Akobo Minerals AB (publ) operates as a gold exploration and mining company in Ethiopia. The company holds an exploration license covering 182 square kilometers and a mining license covering 16 square kilometers located in the Gambela region and Dima Woreda, Ethiopia. It has interests in the Segele Gold and Joru Gold deposits. The company was founded in 2009 and is based in Gothenburg, Sweden.