TOLUF
Tolu Minerals Limited engages in the exploration and development of mineral properties in Papua New Guinea. The company primarily explores for gold, silver, and copper deposits. It holds interests in the Tolukuma Gold Mine project that covers an area of approximately 1,800 square kilometers located in the Goilala District of Central Province of Papua New Guinea; and the Mt. Penck exploration proj… Read more
TOLUF (TOLUF) - Net Assets
Latest net assets as of December 2024: $44.71 Million USD
Based on the latest financial reports, TOLUF (TOLUF) has net assets worth $44.71 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($54.53 Million) and total liabilities ($9.82 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 | $44.71 Million |
| % of Total Assets | 81.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 95.82 |
TOLUF - Net Assets Trend (2021–2024)
This chart illustrates how TOLUF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TOLUF (2021–2024)
The table below shows the annual net assets of TOLUF from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $44.71 Million | +159.66% |
| 2023-12-31 | $17.22 Million | -31.98% |
| 2022-12-31 | $25.31 Million | -- |
| 2021-12-31 | $0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOLUF'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 1619692500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $60.91 Million | 136.23% |
| Total Equity | $44.71 Million | 100.00% |
TOLUF Competitors by Market Cap
The table below lists competitors of TOLUF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daihan Pharmaceutical Co.Ltd
KQ:023910
|
$79.31 Million |
|
FFD Financial Corp
PINK:FFDF
|
$79.32 Million |
|
Greenheart Gold Inc.
V:GHRT
|
$79.38 Million |
|
Mogotes Metals Inc.
V:MOG
|
$79.38 Million |
|
Nexen Corporation
KO:005720
|
$79.25 Million |
|
NanoenTekInc
KQ:039860
|
$79.23 Million |
|
Dusit Thani Public Company Limited
BK:DUSIT
|
$79.16 Million |
|
Kenilworth Systems C
PINK:KENS
|
$79.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOLUF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,218,808 to 44,710,425, a change of 27,491,617 (159.7%).
- Net loss of 7,616,483 reduced equity.
- Share repurchases of 2,144,864 reduced equity.
- New share issuances of 35,524,067 increased equity.
- Other factors increased equity by 1,728,897.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.62 Million | -17.04% |
| Share Repurchases | $2.14 Million | -4.8% |
| Share Issuances | $35.52 Million | +79.45% |
| Other Changes | $1.73 Million | +3.87% |
| Total Change | $- | 159.66% |
Book Value vs Market Value Analysis
This analysis compares TOLUF'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: 2.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $0.65 | x |
| 2022-12-31 | $0.19 | $0.65 | x |
| 2023-12-31 | $0.15 | $0.65 | x |
| 2024-12-31 | $0.27 | $0.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOLUF 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): -17.04%
- 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: 1.22x
- Recent ROE (-17.04%) is below the historical average (-14.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-810.37K |
| 2022 | -11.31% | 0.00% | 0.00x | 1.24x | $-5.39 Million |
| 2023 | -28.50% | 0.00% | 0.00x | 1.38x | $-6.63 Million |
| 2024 | -17.04% | 0.00% | 0.00x | 1.22x | $-12.09 Million |
Industry Comparison
This section compares TOLUF's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOLUF (TOLUF) | $44.71 Million | 0.00% | 0.22x | $79.29 Million |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |