AXNLF
Alliance Nickel Limited engages in the exploration and development of mineral properties in Australia. The company explores for nickel and cobalt deposits. Its principal property is the 100% owned NiWest nickel cobalt project located at the Murrin Murrin in the Northeastern Goldfields of Western Australia. The company was formerly known as GME Resources Limited and changed its name to Alliance Ni… Read more
AXNLF (AXNLF) - Net Assets
Latest net assets as of June 2024: $51.05 Million USD
Based on the latest financial reports, AXNLF (AXNLF) has net assets worth $51.05 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 ($52.26 Million) and total liabilities ($1.21 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 | $51.05 Million |
| % of Total Assets | 97.69% |
| Annual Growth Rate | 15.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 19.39 |
AXNLF - Net Assets Trend (2021–2024)
This chart illustrates how AXNLF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AXNLF (2021–2024)
The table below shows the annual net assets of AXNLF from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $51.05 Million | +1.75% |
| 2023-06-30 | $50.17 Million | +43.95% |
| 2022-06-30 | $34.85 Million | +3.98% |
| 2021-06-30 | $33.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AXNLF'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 611100200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $81.77 Million | 160.18% |
| Total Equity | $51.05 Million | 100.00% |
AXNLF Competitors by Market Cap
The table below lists competitors of AXNLF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
E-H.(CH)ENT. H. DL-00001
F:1VC
|
$9.04 Million |
|
SKY E&M Co. Ltd
KQ:131100
|
$9.04 Million |
|
Tai Twun Enterprise Co Ltd
TW:3432
|
$9.04 Million |
|
Comms Group Ltd
AU:CCG
|
$9.04 Million |
|
Catenon S.A
MC:COM
|
$9.03 Million |
|
Oi S.A
SA:OIBR3
|
$9.03 Million |
|
Royalties Inc.
F:P8T
|
$9.02 Million |
|
Leo Global Logistics Public Company Limited
BK:LEO
|
$9.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AXNLF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 50,166,765 to 51,046,414, a change of 879,649 (1.8%).
- Net loss of 1,981,825 reduced equity.
- Share repurchases of 25,212 reduced equity.
- New share issuances of 2,292,000 increased equity.
- Other factors increased equity by 594,686.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.98 Million | -3.88% |
| Share Repurchases | $25.21K | -0.05% |
| Share Issuances | $2.29 Million | +4.49% |
| Other Changes | $594.69K | +1.16% |
| Total Change | $- | 1.75% |
Book Value vs Market Value Analysis
This analysis compares AXNLF'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: 0.28x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $0.06 | $0.02 | x |
| 2022-06-30 | $0.06 | $0.02 | x |
| 2023-06-30 | $0.07 | $0.02 | x |
| 2024-06-30 | $0.07 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AXNLF 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): -3.88%
- 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: 1.02x
- Recent ROE (-3.88%) is below the historical average (-3.23%), 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 | -0.56% | 0.00% | 0.00x | 1.00x | $-3.54 Million |
| 2022 | -0.87% | 0.00% | 0.00x | 1.00x | $-3.79 Million |
| 2023 | -7.63% | 0.00% | 0.00x | 1.05x | $-8.84 Million |
| 2024 | -3.88% | 0.00% | 0.00x | 1.02x | $-7.09 Million |
Industry Comparison
This section compares AXNLF'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 |
|---|---|---|---|---|
| AXNLF (AXNLF) | $51.05 Million | -0.56% | 0.02x | $9.04 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 |