Gold Road Resources Limited
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration of gold properties in Australia. Gold Road Resources Limited was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. The company was incorporated in 2004 and is based in West Perth, Australia. As of September 26, 2025, Gold Road Resources Limited operat… Read more
Gold Road Resources Limited (ELKMF) - Net Assets
Latest net assets as of June 2025: $1.45 Billion USD
Based on the latest financial reports, Gold Road Resources Limited (ELKMF) has net assets worth $1.45 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.84 Billion) and total liabilities ($382.05 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 | $1.45 Billion |
| % of Total Assets | 79.19% |
| Annual Growth Rate | 33.29% |
| 5-Year Change | 192.79% |
| 10-Year Change | 681.18% |
| Growth Volatility | 67.0 |
Gold Road Resources Limited - Net Assets Trend (2006–2024)
This chart illustrates how Gold Road Resources 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 Gold Road Resources Limited (2006–2024)
The table below shows the annual net assets of Gold Road Resources Limited from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.23 Billion | +30.32% |
| 2023-12-31 | $942.45 Million | +13.30% |
| 2022-12-31 | $831.83 Million | +88.42% |
| 2021-12-31 | $441.48 Million | +5.25% |
| 2020-12-31 | $419.47 Million | +24.79% |
| 2019-12-31 | $336.13 Million | -0.84% |
| 2018-12-31 | $338.97 Million | -6.43% |
| 2017-12-31 | $362.26 Million | -6.78% |
| 2016-12-31 | $388.62 Million | +147.19% |
| 2015-12-31 | $157.22 Million | +70.62% |
| 2014-12-31 | $92.14 Million | +154.43% |
| 2013-12-31 | $36.22 Million | +40.85% |
| 2012-12-31 | $25.71 Million | -37.20% |
| 2011-12-31 | $40.94 Million | +93.03% |
| 2010-12-31 | $21.21 Million | +216.87% |
| 2009-12-31 | $6.69 Million | +11.81% |
| 2008-12-31 | $5.99 Million | -0.33% |
| 2007-12-31 | $6.01 Million | -13.77% |
| 2006-12-31 | $6.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gold Road Resources 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 grown by 51467109000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $513.99 Million | 41.85% |
| Common Stock | $442.85 Million | 36.06% |
| Other Comprehensive Income | $271.31 Million | 22.09% |
| Total Equity | $1.23 Billion | 100.00% |
Gold Road Resources Limited Competitors by Market Cap
The table below lists competitors of Gold Road Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ecopro Co. Ltd
KQ:086520
|
$1.98 Billion |
|
10X Genomics Inc
NASDAQ:TXG
|
$1.98 Billion |
|
Zhongshan Broad-Ocean Motor Co Ltd
SHE:002249
|
$1.98 Billion |
|
Bachem Holding AG
PINK:BCHMF
|
$1.98 Billion |
|
Avadel Pharmaceuticals PLC
NASDAQ:AVDL
|
$1.98 Billion |
|
Mobimo Holding AG
LSE:0QQY
|
$1.98 Billion |
|
Hub Group Inc
NASDAQ:HUBG
|
$1.98 Billion |
|
NEWMARK GRP CL.A DL-01
F:NMB
|
$1.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold Road Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 942,445,000 to 1,228,149,000, a change of 285,704,000 (30.3%).
- Net income of 142,697,000 contributed positively to equity growth.
- Dividend payments of 13,440,000 reduced retained earnings.
- Other comprehensive income increased equity by 154,220,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $142.70 Million | +11.62% |
| Dividends Paid | $13.44 Million | -1.09% |
| Other Comprehensive Income | $154.22 Million | +12.56% |
| Other Changes | $2.23 Million | +0.18% |
| Total Change | $- | 30.32% |
Book Value vs Market Value Analysis
This analysis compares Gold Road Resources 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: 1.68x
- 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 18.84x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $0.10 | $1.90 | x |
| 2006-12-31 | $0.09 | $1.90 | x |
| 2007-12-31 | $0.08 | $1.90 | x |
| 2008-12-31 | $0.08 | $1.90 | x |
| 2009-12-31 | $0.04 | $1.90 | x |
| 2010-12-31 | $0.06 | $1.90 | x |
| 2011-12-31 | $0.10 | $1.90 | x |
| 2012-12-31 | $0.05 | $1.90 | x |
| 2013-12-31 | $0.06 | $1.90 | x |
| 2014-12-31 | $0.13 | $1.90 | x |
| 2015-12-31 | $0.18 | $1.90 | x |
| 2016-12-31 | $0.44 | $1.90 | x |
| 2017-12-31 | $0.41 | $1.90 | x |
| 2018-12-31 | $0.39 | $1.90 | x |
| 2019-12-31 | $0.38 | $1.90 | x |
| 2020-12-31 | $0.47 | $1.90 | x |
| 2021-12-31 | $0.50 | $1.90 | x |
| 2022-12-31 | $0.84 | $1.90 | x |
| 2023-12-31 | $0.87 | $1.90 | x |
| 2024-12-31 | $1.13 | $1.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold Road Resources 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): 11.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.03%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.25x
- Recent ROE (11.62%) is above the historical average (-6.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -12.17% | 0.00% | 0.00x | 1.00x | $-1.66 Million |
| 2006 | -13.11% | 0.00% | 0.00x | 1.32x | $-1.61 Million |
| 2007 | -56.35% | 0.00% | 0.00x | 1.03x | $-3.99 Million |
| 2008 | -34.37% | -13956.70% | 0.00x | 1.01x | $-2.66 Million |
| 2009 | -30.73% | -13954.28% | 0.00x | 1.08x | $-2.73 Million |
| 2010 | -14.29% | -343.95% | 0.04x | 1.06x | $-5.15 Million |
| 2011 | -55.43% | 0.00% | 0.00x | 1.06x | $-26.79 Million |
| 2012 | 1.59% | 0.00% | 0.00x | 1.05x | $-2.16 Million |
| 2013 | -10.71% | -499.54% | 0.02x | 1.07x | $-7.50 Million |
| 2014 | -10.01% | -824.19% | 0.01x | 1.04x | $-18.44 Million |
| 2015 | -5.87% | 0.00% | 0.00x | 1.04x | $-24.95 Million |
| 2016 | 59.14% | 0.00% | 0.00x | 1.07x | $190.95 Million |
| 2017 | -4.28% | -4872.96% | 0.00x | 1.08x | $-51.72 Million |
| 2018 | -7.04% | -11691.67% | 0.00x | 1.46x | $-57.75 Million |
| 2019 | -1.38% | -6.17% | 0.12x | 1.81x | $-38.27 Million |
| 2020 | 19.27% | 27.43% | 0.47x | 1.50x | $38.87 Million |
| 2021 | 8.33% | 13.39% | 0.42x | 1.48x | $-7.36 Million |
| 2022 | 7.66% | 16.63% | 0.37x | 1.24x | $-19.49 Million |
| 2023 | 12.28% | 24.51% | 0.40x | 1.25x | $21.47 Million |
| 2024 | 11.62% | 27.03% | 0.34x | 1.25x | $19.88 Million |
Industry Comparison
This section compares Gold Road Resources Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $411,687,235
- Average return on equity (ROE) among peers: -119.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gold Road Resources Limited (ELKMF) | $1.45 Billion | -12.17% | 0.26x | $1.98 Billion |
| Almadex Minerals Ltd (AAMMF) | $5.73 Million | 6.70% | 0.01x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $10.03 Million | -13.48% | 0.17x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $19.90 Million | -2.53% | 0.04x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $65.44K | -173.09% | 0.37x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $413.79K | -494.09% | 0.29x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $3.67 Billion | 9.39% | 0.50x | $98.30 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $-555.77K | 0.00% | 0.00x | $0.94 |
| Antioquia Gold Inc (AGDXF) | $-702.21K | 0.00% | 0.00x | $1.44 Million |