AIS Corporation Limited
Aeris Resources Limited explores, produces, and sells precious metals in Australia. It explores for copper, zinc, gold, and silver deposits. The company was formerly known as Straits Resources Limited and changed its name to Aeris Resources Limited in December 2015. Aeris Resources Limited was incorporated in 2010 and is based in Brisbane, Australia.
AIS Corporation Limited (ARSRF) - Net Assets
Latest net assets as of June 2024: $271.79 Million USD
Based on the latest financial reports, AIS Corporation Limited (ARSRF) has net assets worth $271.79 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 ($562.74 Million) and total liabilities ($290.96 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 | $271.79 Million |
| % of Total Assets | 48.3% |
| Annual Growth Rate | 28.71% |
| 5-Year Change | 269.03% |
| 10-Year Change | N/A |
| Growth Volatility | 59.91 |
AIS Corporation Limited - Net Assets Trend (2019–2024)
This chart illustrates how AIS Corporation 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 AIS Corporation Limited (2019–2024)
The table below shows the annual net assets of AIS Corporation Limited from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $271.79 Million | +2.03% |
| 2023-06-30 | $266.37 Million | -7.49% |
| 2022-06-30 | $287.94 Million | +56.60% |
| 2021-06-30 | $183.86 Million | +149.65% |
| 2020-06-30 | $73.65 Million | -4.22% |
| 2019-06-30 | $76.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AIS Corporation 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 13511300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $748.33 Million | 275.34% |
| Total Equity | $271.79 Million | 100.00% |
AIS Corporation Limited Competitors by Market Cap
The table below lists competitors of AIS Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atlantic Lithium Ltd
AU:A11
|
$71.83 Million |
|
SHIMAO SERV.HLDGS HD-01
F:5GO
|
$71.83 Million |
|
Formet Celik Kapi Sanayi ve Ticaret AS
IS:FORMT
|
$71.84 Million |
|
Somany Ceramics Limited
NSE:SOMANYCERA
|
$71.89 Million |
|
Immsi S.p.A
F:IMY
|
$71.78 Million |
|
Quintain Steel Co Ltd
TW:2017
|
$71.75 Million |
|
Kustur Kusadasi Turizm Endustrisi AS
IS:KSTUR
|
$71.74 Million |
|
Keyfield International Berhad
KLSE:5321
|
$71.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AIS Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 266,369,000 to 271,788,000, a change of 5,419,000 (2.0%).
- Net loss of 24,258,000 reduced equity.
- New share issuances of 28,526,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-24.26 Million | -8.93% |
| Share Issuances | $28.53 Million | +10.5% |
| Other Changes | $1.15 Million | +0.42% |
| Total Change | $- | 2.03% |
Book Value vs Market Value Analysis
This analysis compares AIS Corporation 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: 0.46x
- 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 increased from 0.14x to 0.46x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | $0.92 | $0.13 | x |
| 2020-06-30 | $0.33 | $0.13 | x |
| 2021-06-30 | $0.57 | $0.13 | x |
| 2022-06-30 | $0.63 | $0.13 | x |
| 2023-06-30 | $0.39 | $0.13 | x |
| 2024-06-30 | $0.28 | $0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AIS Corporation 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): -8.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.49%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.07x
- Recent ROE (-8.93%) is above the historical average (-15.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -16.48% | -5.45% | 1.26x | 2.39x | $-20.36 Million |
| 2020 | -52.07% | -16.87% | 1.21x | 2.55x | $-45.72 Million |
| 2021 | 33.31% | 14.20% | 1.15x | 2.04x | $42.85 Million |
| 2022 | 2.09% | 1.55% | 0.88x | 1.52x | $-22.78 Million |
| 2023 | -52.47% | -22.82% | 1.07x | 2.14x | $-166.39 Million |
| 2024 | -8.93% | -4.49% | 0.96x | 2.07x | $-51.44 Million |
Industry Comparison
This section compares AIS Corporation Limited's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AIS Corporation Limited (ARSRF) | $271.79 Million | -16.48% | 1.07x | $71.80 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |