Advance ZincTek Limited
Advance ZincTek Limited, together with its subsidiaries, manufactures aluminum oxide powder, and zinc oxide dispersions and powder for use in the personal care sector in Australia, the United States, Canada, Europe, and internationally. The company produces and distributes dispersion of mineral-only UV filters in cosmetic emollients that are used for sunscreen, skincare, and pharmaceutical formul… Read more
Advance ZincTek Limited (ADVNF) - Net Assets
Latest net assets as of June 2024: $35.38 Million USD
Based on the latest financial reports, Advance ZincTek Limited (ADVNF) has net assets worth $35.38 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($38.74 Million) and total liabilities ($3.36 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 | $35.38 Million |
| % of Total Assets | 91.32% |
| Annual Growth Rate | 6.43% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.54 |
Advance ZincTek Limited - Net Assets Trend (2020–2024)
This chart illustrates how Advance ZincTek Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Advance ZincTek Limited (2020–2024)
The table below shows the annual net assets of Advance ZincTek Limited from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $35.38 Million | +0.28% |
| 2023-06-30 | $35.28 Million | +0.84% |
| 2022-06-30 | $34.99 Million | +25.16% |
| 2021-06-30 | $27.96 Million | +1.40% |
| 2020-06-30 | $27.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Advance ZincTek Limited'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 69619800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $54.62 Million | 158.88% |
| Total Equity | $34.38 Million | 100.00% |
Advance ZincTek Limited Competitors by Market Cap
The table below lists competitors of Advance ZincTek Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nisun International Enterprise Development Group Co Ltd
NASDAQ:NISN
|
$5.02 Million |
|
Emerge Commerce Ltd
PINK:EMCMF
|
$5.02 Million |
|
Limitless X Holdings Inc.
OTCQB:LIMX
|
$5.03 Million |
|
Rig Tenders Tbk
JK:RIGS
|
$5.03 Million |
|
CRYPTO BLOCKC.IND. EO-10
F:7DO0
|
$5.02 Million |
|
AUGA GROUP AB EO 029
F:W9Z
|
$5.02 Million |
|
Battery Mineral Resources Corp
OTCQB:BTRMF
|
$5.02 Million |
|
MRG Metals Ltd
AU:MRQ
|
$5.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advance ZincTek Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,283,000 to 34,380,000, a change of -903,000 (-2.6%).
- Net loss of 903,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-903.00K | -2.63% |
| Total Change | $- | -2.56% |
Book Value vs Market Value Analysis
This analysis compares Advance ZincTek Limited'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: 0.82x
- 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 decreased from 0.98x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.46 | $0.45 | x |
| 2021-06-30 | $0.47 | $0.45 | x |
| 2022-06-30 | $0.57 | $0.45 | x |
| 2023-06-30 | $0.57 | $0.45 | x |
| 2024-06-30 | $0.55 | $0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advance ZincTek Limited 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): -2.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.69%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.13x
- Recent ROE (-2.63%) is below the historical average (5.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 19.32% | 29.65% | 0.56x | 1.16x | $2.57 Million |
| 2021 | 0.11% | 0.49% | 0.19x | 1.23x | $-2.76 Million |
| 2022 | 6.26% | 17.52% | 0.33x | 1.09x | $-1.31 Million |
| 2023 | 4.71% | 12.10% | 0.35x | 1.11x | $-1.87 Million |
| 2024 | -2.63% | -9.69% | 0.24x | 1.13x | $-4.34 Million |
Industry Comparison
This section compares Advance ZincTek Limited's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $5,053,554,172
- Average return on equity (ROE) among peers: 0.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advance ZincTek Limited (ADVNF) | $35.38 Million | 19.32% | 0.09x | $5.02 Million |
| Synalloy Corporation (ACNT) | $26.00 Million | 24.62% | 0.65x | $96.97 Million |
| AdvanSix Inc (ASIX) | $215.36 Million | 15.86% | 3.20x | $435.20 Million |
| ASP Isotopes Inc. Common Stock (ASPI) | $6.00 Million | -43.48% | 0.19x | $437.78 Million |
| Braskem SA Class A (BAK) | $5.89 Billion | 14.66% | 7.38x | $970.61 Million |
| Bachem Holding AG (BCHMF) | $389.21 Million | 11.99% | 0.14x | $1.98 Billion |
| BASF SE NA O.N. (BFFAF) | $36.11 Billion | 13.04% | 1.40x | $47.09 Billion |
| BioLargo Inc (BLGO) | $-770.20K | 0.00% | 0.00x | $51.87 Million |
| Black Swan Graphene Inc. (BSWGF) | $13.83 Million | -43.99% | 0.01x | $10.07 Million |
| Celanese Corporation (CE) | $2.83 Billion | 10.75% | 2.03x | $6.44 Billion |