Elray Resources Inc
Elray Resources, Inc., a technology company, owns and licenses gaming intellectual property, gaming content, gaming domains, and trademarks in the United States and internationally. It provides marketing tools and CRM systems for online gaming operators. The company is based in Las Vegas, Nevada.
Elray Resources Inc (ELRA) - Net Assets
Latest net assets as of March 2025: $-11.28 Million USD
Based on the latest financial reports, Elray Resources Inc (ELRA) has net assets worth $-11.28 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.92 Million) and total liabilities ($18.20 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 | $-11.28 Million |
| % of Total Assets | -162.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Elray Resources Inc - Net Assets Trend (2008–2024)
This chart illustrates how Elray Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Elray Resources Inc (2008–2024)
The table below shows the annual net assets of Elray Resources Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-8.70 Million | +44.45% |
| 2023-12-31 | $-15.67 Million | -3.64% |
| 2022-12-31 | $-15.12 Million | +8.70% |
| 2021-12-31 | $-16.56 Million | -6.91% |
| 2020-12-31 | $-15.49 Million | -10.21% |
| 2019-12-31 | $-14.05 Million | -35.40% |
| 2017-12-31 | $-10.38 Million | -5.10% |
| 2016-12-31 | $-9.87 Million | +4.99% |
| 2015-12-31 | $-10.39 Million | -38.97% |
| 2014-12-31 | $-7.48 Million | -53.57% |
| 2013-12-31 | $-4.87 Million | -56.61% |
| 2012-12-31 | $-3.11 Million | -141.44% |
| 2011-12-31 | $-1.29 Million | -1138.43% |
| 2010-12-31 | $-104.00K | -447.37% |
| 2009-12-31 | $-19.00K | -107.85% |
| 2008-12-31 | $242.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Elray Resources Inc'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 3263654600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.31 Million | % |
| Other Comprehensive Income | $5.02K | % |
| Other Components | $19.63 Million | % |
| Total Equity | $-8.70 Million | 100.00% |
Elray Resources Inc Competitors by Market Cap
The table below lists competitors of Elray Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nykredit Invest Danske aktier Akk
CO:NYIDAA
|
$651.64K |
|
Sifi CJ Logistic SA
RO:CACU
|
$651.95K |
|
LAM RESEARCH CORP - Dusseldorf Stock Exchang
DU:LAR
|
$652.09K |
|
Bardella SA Industrias Mecanicas
SA:BDLL3
|
$652.16K |
|
EVGEN PHARMA PLC LS-0025
F:8EV
|
$650.99K |
|
HENRY SCHEIN - Dusseldorf Stock Exchang
DU:HS2
|
$650.81K |
|
Green Stream Holdings Inc
PINK:GSFI
|
$650.80K |
|
Barratt Redrow plc
LSE:BTRW
|
$650.42K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elray Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -15,666,301 to -8,702,719, a change of 6,963,582.
- Net income of 2,733,000 contributed positively to equity growth.
- Other factors increased equity by 4,230,582.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.73 Million | +31.4% |
| Other Changes | $4.23 Million | +48.61% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Elray Resources Inc'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 |
|---|---|---|---|
| 2006-12-31 | $0.00 | $0.00 | x |
| 2010-12-31 | $-52000.00 | $0.00 | x |
| 2011-12-31 | $-643984.00 | $0.00 | x |
| 2012-12-31 | $-777408.75 | $0.00 | x |
| 2013-12-31 | $-442721.36 | $0.00 | x |
| 2014-12-31 | $-4979.12 | $0.00 | x |
| 2015-12-31 | $-1.12 | $0.00 | x |
| 2016-12-31 | $0.00 | $0.00 | x |
| 2017-12-31 | $-0.01 | $0.00 | x |
| 2019-12-31 | $0.00 | $0.00 | x |
| 2020-12-31 | $-0.01 | $0.00 | x |
| 2021-12-31 | $-0.01 | $0.00 | x |
| 2022-12-31 | $-0.01 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
| 2024-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elray Resources Inc 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: 654.82%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-9.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -21.37% | 0.00% | 0.00x | 1.00x | $-14.96K |
| 2008 | -138.02% | 0.00% | 0.00x | 1.56x | $-358.20K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-491.10K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-82.60K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.53 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.26 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.87 Million |
| 2014 | 0.00% | -4505.98% | 0.08x | 0.00x | $-9.60 Million |
| 2015 | 0.00% | -157.58% | 5.35x | 0.00x | $-3.83 Million |
| 2016 | 0.00% | 5.15% | 42.41x | 0.00x | $1.19 Million |
| 2017 | 0.00% | -104.91% | 2.48x | 0.00x | $374.81K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $1.63 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $114.31K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $563.85K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $1.65 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $952.63K |
| 2024 | 0.00% | 654.82% | 0.04x | 0.00x | $3.60 Million |
Industry Comparison
This section compares Elray Resources Inc's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elray Resources Inc (ELRA) | $-11.28 Million | -21.37% | N/A | $651.36K |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |