AKOBF
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.
AKOBF (AKOBF) - Net Assets
Latest net assets as of September 2025: $-192.44 Million USD
Based on the latest financial reports, AKOBF (AKOBF) has net assets worth $-192.44 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 ($203.65 Million) and total liabilities ($396.09 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 | $-192.44 Million |
| % of Total Assets | -94.49% |
| Annual Growth Rate | N/A |
| 5-Year Change | -513.48% |
| 10-Year Change | N/A |
| Growth Volatility | 187.47 |
AKOBF - Net Assets Trend (2019–2024)
This chart illustrates how AKOBF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AKOBF (2019–2024)
The table below shows the annual net assets of AKOBF from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $-185.56 Million | -158.36% |
| 2023-09-30 | $-71.82 Million | -390.12% |
| 2022-09-30 | $24.76 Million | -68.98% |
| 2021-09-30 | $79.81 Million | +77.85% |
| 2020-09-30 | $44.88 Million | +59.18% |
| 2019-09-30 | $28.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AKOBF'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 45584210400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $289.98 Million | % |
| Total Equity | $-185.56 Million | 100.00% |
AKOBF Competitors by Market Cap
The table below lists competitors of AKOBF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samhyun Steel Co. Ltd
KQ:017480
|
$19.09 Million |
|
Thai Kin Co. Ltd
TWO:6629
|
$19.10 Million |
|
Sinergi Megah Internusa Tbk PT
JK:NUSA
|
$19.10 Million |
|
Waystream Holding AB (publ)
ST:WAYS
|
$19.11 Million |
|
AURRIGO INT.PLCLS-002
F:CI0
|
$19.07 Million |
|
EMCORE Corporation
NASDAQ:EMKR
|
$19.06 Million |
|
Arrow Greentech Limited
NSE:ARROWGREEN
|
$19.06 Million |
|
eLand Information Co., Ltd
TWO:6925
|
$19.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AKOBF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -71,822,919 to -185,559,055, a change of -113,736,136.
- Net loss of 165,315,260 reduced equity.
- New share issuances of 129,302,322 increased equity.
- Other factors decreased equity by 77,723,198.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-165.32 Million | -89.09% |
| Share Issuances | $129.30 Million | +69.68% |
| Other Changes | $-77.72 Million | -41.89% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares AKOBF'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 |
|---|---|---|---|
| 2019-09-30 | $0.68 | $0.20 | x |
| 2020-09-30 | $1.09 | $0.20 | x |
| 2021-09-30 | $1.70 | $0.20 | x |
| 2022-09-30 | $0.53 | $0.20 | x |
| 2023-09-30 | $-1.22 | $0.20 | x |
| 2024-09-30 | $-0.99 | $0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AKOBF 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 | $-3.87 Million |
| 2020 | -24.45% | 0.00% | 0.00x | 1.06x | $-15.46 Million |
| 2021 | -12.35% | 0.00% | 0.00x | 1.08x | $-17.84 Million |
| 2022 | -219.20% | 0.00% | 0.00x | 7.37x | $-56.74 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-161.87 Million |
| 2024 | 0.00% | -953.37% | 0.18x | 0.00x | $-146.76 Million |
Industry Comparison
This section compares AKOBF'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 |
|---|---|---|---|---|
| AKOBF (AKOBF) | $-192.44 Million | -3.71% | N/A | $19.08 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 |