Erdene Resource Development Corporation
Erdene Resource Development Corporation focuses on the exploration and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporate… Read more
Erdene Resource Development Corporation (ERDCF) - Net Assets
Latest net assets as of September 2025: $54.40 Million USD
Based on the latest financial reports, Erdene Resource Development Corporation (ERDCF) has net assets worth $54.40 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 ($55.96 Million) and total liabilities ($1.56 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 | $54.40 Million |
| % of Total Assets | 97.22% |
| Annual Growth Rate | 25.74% |
| 5-Year Change | 47.72% |
| 10-Year Change | 2888.69% |
| Growth Volatility | 208.35 |
Erdene Resource Development Corporation - Net Assets Trend (2002–2024)
This chart illustrates how Erdene Resource Development Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Erdene Resource Development Corporation (2002–2024)
The table below shows the annual net assets of Erdene Resource Development Corporation from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $62.22 Million | +5.67% |
| 2023-12-31 | $58.88 Million | +14.05% |
| 2022-12-31 | $51.62 Million | +12.88% |
| 2021-12-31 | $45.73 Million | +8.58% |
| 2020-12-31 | $42.12 Million | +110.79% |
| 2019-12-31 | $19.98 Million | +14.28% |
| 2018-12-31 | $17.48 Million | +18.50% |
| 2017-12-31 | $14.75 Million | +258.92% |
| 2016-12-31 | $4.11 Million | +97.47% |
| 2015-12-31 | $2.08 Million | -80.36% |
| 2014-12-31 | $10.60 Million | -7.19% |
| 2013-12-31 | $11.42 Million | -9.90% |
| 2012-12-31 | $12.68 Million | -68.61% |
| 2011-12-31 | $40.38 Million | -18.96% |
| 2010-12-31 | $49.84 Million | -5.04% |
| 2009-12-31 | $52.48 Million | -2.92% |
| 2008-12-31 | $54.06 Million | +32.79% |
| 2007-12-31 | $40.71 Million | +31.65% |
| 2006-12-31 | $30.92 Million | +385.45% |
| 2005-12-31 | $6.37 Million | -31.18% |
| 2004-12-31 | $9.26 Million | +126.58% |
| 2003-12-31 | $4.09 Million | +913.37% |
| 2002-12-31 | $403.17K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Erdene Resource Development Corporation'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 13655883000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $165.59 Million | 266.15% |
| Other Comprehensive Income | $2.73 Million | 4.38% |
| Other Components | $30.66 Million | 49.27% |
| Total Equity | $62.22 Million | 100.00% |
Erdene Resource Development Corporation Competitors by Market Cap
The table below lists competitors of Erdene Resource Development Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shougang Concord Grand (Group) Limited
F:CGG
|
$23.36 Million |
|
Vikas Lifecare Limited
NSE:VIKASLIFE
|
$23.36 Million |
|
Louisa Professional Coffee Ltd
TWO:2758
|
$23.36 Million |
|
Optivision Technology
TWO:3666
|
$23.39 Million |
|
Biotoxtech Co. Ltd
KQ:086040
|
$23.35 Million |
|
PermRock Royalty Trust
NYSE:PRT
|
$23.34 Million |
|
Space Hellas SA
AT:SPACE
|
$23.34 Million |
|
EVERFUEL A/S DK -10
F:0HR
|
$23.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Erdene Resource Development Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 58,876,795 to 62,217,362, a change of 3,340,567 (5.7%).
- Net loss of 8,246,000 reduced equity.
- Other comprehensive income increased equity by 3,575,180.
- Other factors increased equity by 8,011,387.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.25 Million | -13.25% |
| Other Comprehensive Income | $3.58 Million | +5.75% |
| Other Changes | $8.01 Million | +12.88% |
| Total Change | $- | 5.67% |
Book Value vs Market Value Analysis
This analysis compares Erdene Resource Development Corporation'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: 0.47x
- 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 decreased from 1.71x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $0.29 | $0.50 | x |
| 2002-12-31 | $3.18 | $0.50 | x |
| 2003-12-31 | $11.12 | $0.50 | x |
| 2004-12-31 | $4.81 | $0.50 | x |
| 2005-12-31 | $2.84 | $0.50 | x |
| 2006-12-31 | $8.76 | $0.50 | x |
| 2007-12-31 | $7.83 | $0.50 | x |
| 2008-12-31 | $8.06 | $0.50 | x |
| 2009-12-31 | $7.03 | $0.50 | x |
| 2010-12-31 | $6.69 | $0.50 | x |
| 2011-12-31 | $5.62 | $0.50 | x |
| 2012-12-31 | $1.58 | $0.50 | x |
| 2013-12-31 | $1.17 | $0.50 | x |
| 2014-12-31 | $0.86 | $0.50 | x |
| 2015-12-31 | $0.13 | $0.50 | x |
| 2016-12-31 | $0.21 | $0.50 | x |
| 2017-12-31 | $0.62 | $0.50 | x |
| 2018-12-31 | $0.68 | $0.50 | x |
| 2019-12-31 | $0.67 | $0.50 | x |
| 2020-12-31 | $1.17 | $0.50 | x |
| 2021-12-31 | $0.99 | $0.50 | x |
| 2022-12-31 | $1.01 | $0.50 | x |
| 2023-12-31 | $1.02 | $0.50 | x |
| 2024-12-31 | $1.07 | $0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Erdene Resource Development Corporation 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): -13.25%
- 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: 1.01x
- Recent ROE (-13.25%) is above the historical average (-66.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -451.28% | -21993.84% | 0.01x | 1.51x | $-310.24K |
| 2002 | -18.89% | -45053.85% | 0.00x | 1.10x | $-116.46K |
| 2003 | -15.40% | -7363.62% | 0.00x | 1.02x | $-1.04 Million |
| 2004 | -47.93% | -2245.66% | 0.02x | 1.02x | $-5.36 Million |
| 2005 | -78.19% | 0.00% | 0.00x | 1.04x | $-5.62 Million |
| 2006 | -14.76% | -1824.72% | 0.01x | 1.11x | $-7.66 Million |
| 2007 | -16.34% | -2488.18% | 0.01x | 1.15x | $-10.72 Million |
| 2008 | -6.64% | -5395.98% | 0.00x | 1.12x | $-9.00 Million |
| 2009 | -4.17% | -1296.17% | 0.00x | 1.12x | $-7.40 Million |
| 2010 | -8.22% | -699.42% | 0.01x | 1.12x | $-9.07 Million |
| 2011 | -27.94% | -1343.52% | 0.02x | 1.10x | $-16.11 Million |
| 2012 | -55.59% | 0.00% | 0.00x | 1.05x | $-8.31 Million |
| 2013 | -24.17% | 0.00% | 0.00x | 1.01x | $-3.90 Million |
| 2014 | -24.68% | 0.00% | 0.00x | 1.03x | $-3.68 Million |
| 2015 | -605.64% | 0.00% | 0.00x | 1.21x | $-12.82 Million |
| 2016 | -60.81% | 0.00% | 0.00x | 1.04x | $-2.91 Million |
| 2017 | -27.29% | 0.00% | 0.00x | 1.01x | $-5.50 Million |
| 2018 | -20.92% | 0.00% | 0.00x | 1.01x | $-5.41 Million |
| 2019 | -13.43% | 0.00% | 0.00x | 1.35x | $-4.68 Million |
| 2020 | -31.14% | 0.00% | 0.00x | 1.02x | $-17.33 Million |
| 2021 | -12.18% | 0.00% | 0.00x | 1.02x | $-10.14 Million |
| 2022 | -11.60% | 0.00% | 0.00x | 1.02x | $-11.15 Million |
| 2023 | 0.89% | 0.00% | 0.00x | 1.00x | $-5.37 Million |
| 2024 | -13.25% | 0.00% | 0.00x | 1.01x | $-14.47 Million |
Industry Comparison
This section compares Erdene Resource Development Corporation'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 |
|---|---|---|---|---|
| Erdene Resource Development Corporation (ERDCF) | $54.40 Million | -451.28% | 0.03x | $23.36 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 |