Rio2 Limited
Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. Its principal project holds 100% interests in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.
Rio2 Limited (RIOFF) - Net Assets
Latest net assets as of September 2025: $120.96 Million USD
Based on the latest financial reports, Rio2 Limited (RIOFF) has net assets worth $120.96 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($269.22 Million) and total liabilities ($148.26 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 | $120.96 Million |
| % of Total Assets | 44.93% |
| Annual Growth Rate | N/A |
| 5-Year Change | 46.19% |
| 10-Year Change | N/A |
| Growth Volatility | 386.25 |
Rio2 Limited - Net Assets Trend (2015–2024)
This chart illustrates how Rio2 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 Rio2 Limited (2015–2024)
The table below shows the annual net assets of Rio2 Limited from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $125.11 Million | +70.90% |
| 2023-12-31 | $73.21 Million | -10.53% |
| 2022-12-31 | $81.83 Million | -7.39% |
| 2021-12-31 | $88.36 Million | +3.25% |
| 2020-12-31 | $85.58 Million | -5.10% |
| 2019-12-31 | $90.18 Million | +31.17% |
| 2018-12-31 | $68.75 Million | +1190.52% |
| 2017-12-31 | $5.33 Million | +222.14% |
| 2016-12-31 | $1.65 Million | +279.20% |
| 2015-12-31 | $-922.91K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rio2 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 4933556200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $188.58 Million | 150.73% |
| Total Equity | $125.11 Million | 100.00% |
Rio2 Limited Competitors by Market Cap
The table below lists competitors of Rio2 Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIGLARI HLDGS CL. A
F:SQ7A
|
$239.79 Million |
|
Shanxi Sanwei Group Co Ltd
SHE:000755
|
$239.87 Million |
|
Shanghai Shuixing Home Textile Co Ltd Class A
SHG:603365
|
$239.93 Million |
|
Senseonics Holdings, Inc. Common Stock
NYSE MKT:SENS
|
$239.94 Million |
|
Yang Guang Co Ltd
SHE:000608
|
$239.73 Million |
|
Ferm. Casino Mun. Canne
PA:FCMC
|
$239.72 Million |
|
PolEnergia S.A.
WAR:PEP
|
$239.64 Million |
|
SGSG Science&technology Co Ltd Zhuhai
SHE:300561
|
$239.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rio2 Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 73,210,000 to 125,114,000, a change of 51,904,000 (70.9%).
- Net loss of 21,000 reduced equity.
- New share issuances of 65,751,000 increased equity.
- Other factors decreased equity by 13,826,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-21.00K | -0.02% |
| Share Issuances | $65.75 Million | +52.55% |
| Other Changes | $-13.83 Million | -11.05% |
| Total Change | $- | 70.90% |
Book Value vs Market Value Analysis
This analysis compares Rio2 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: 2.02x
- 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 4.42x to 2.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.13 | $0.59 | x |
| 2018-12-31 | $0.67 | $0.59 | x |
| 2019-12-31 | $0.50 | $0.59 | x |
| 2020-12-31 | $0.45 | $0.59 | x |
| 2021-12-31 | $0.35 | $0.59 | x |
| 2022-12-31 | $0.32 | $0.59 | x |
| 2023-12-31 | $0.28 | $0.59 | x |
| 2024-12-31 | $0.29 | $0.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rio2 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): -0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.39x
- Recent ROE (-0.02%) is above the historical average (-14.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-34.99K |
| 2016 | 26.89% | 0.00% | 0.00x | 1.09x | $279.31K |
| 2017 | -106.54% | 0.00% | 0.00x | 1.07x | $-6.21 Million |
| 2018 | -12.03% | 0.00% | 0.00x | 1.04x | $-15.15 Million |
| 2019 | -11.52% | 0.00% | 0.00x | 1.04x | $-19.41 Million |
| 2020 | -14.01% | 0.00% | 0.00x | 1.09x | $-20.55 Million |
| 2021 | -11.91% | 0.00% | 0.00x | 1.08x | $-19.36 Million |
| 2022 | -2.81% | 0.00% | 0.00x | 1.41x | $-10.49 Million |
| 2023 | -16.88% | 0.00% | 0.00x | 1.48x | $-19.68 Million |
| 2024 | -0.02% | 0.00% | 0.00x | 1.39x | $-12.53 Million |
Industry Comparison
This section compares Rio2 Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rio2 Limited (RIOFF) | $120.96 Million | 0.00% | 1.23x | $239.74 Million |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |