Spartan Resources Limited
Spartan Resources Limited engages in the exploration, evaluation, and development of gold projects in Australia. The company's flagship project is the Dalgaranga gold project, which covers an area of 500 square kilometers located to the north-west of Mt Magnet in Western Australia. The company was formerly known as Gascoyne Resources Limited and changed its name to Spartan Resources Limited in Au… Read more
Spartan Resources Limited (GYYSF) - Net Assets
Latest net assets as of June 2024: $158.57 Million USD
Based on the latest financial reports, Spartan Resources Limited (GYYSF) has net assets worth $158.57 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 ($260.22 Million) and total liabilities ($101.64 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 | $158.57 Million |
| % of Total Assets | 60.94% |
| Annual Growth Rate | 28.94% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.65 |
Spartan Resources Limited - Net Assets Trend (2020–2024)
This chart illustrates how Spartan 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 Spartan Resources Limited (2020–2024)
The table below shows the annual net assets of Spartan Resources Limited from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $158.57 Million | +68.10% |
| 2023-06-30 | $94.34 Million | +10.39% |
| 2022-06-30 | $85.46 Million | -20.79% |
| 2021-06-30 | $107.89 Million | +88.06% |
| 2020-06-30 | $57.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spartan 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 decreased by 20724000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $480.45 Million | 306.00% |
| Total Equity | $157.01 Million | 100.00% |
Spartan Resources Limited Competitors by Market Cap
The table below lists competitors of Spartan Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lanzhou LS Heavy Equipment Co
SHG:603169
|
$1.08 Billion |
|
U-BLOX N .LINIE AG
SW:UBXNE
|
$1.08 Billion |
|
China Railway Construction Heavy Industry Corp Ltd
SHG:688425
|
$1.08 Billion |
|
MakeMyTrip Limited
NASDAQ:MMYT
|
$1.08 Billion |
|
Bure Equity AB
ST:BURE
|
$1.08 Billion |
|
Nagase & Company Ltd
OTCMKTS:NGSCF
|
$1.08 Billion |
|
Oesterr. Post AG
VI:POST
|
$1.08 Billion |
|
Willdan Group Inc
NASDAQ:WLDN
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spartan Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,816,000 to 157,010,000, a change of 64,194,000 (69.2%).
- Net loss of 50,837,000 reduced equity.
- Share repurchases of 5,926,000 reduced equity.
- New share issuances of 105,279,000 increased equity.
- Other factors increased equity by 15,678,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-50.84 Million | -32.38% |
| Share Repurchases | $5.93 Million | -3.77% |
| Share Issuances | $105.28 Million | +67.05% |
| Other Changes | $15.68 Million | +9.99% |
| Total Change | $- | 69.16% |
Book Value vs Market Value Analysis
This analysis compares Spartan 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: 7.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.53x to 7.81x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.73 | $1.11 | x |
| 2021-06-30 | $0.36 | $1.11 | x |
| 2022-06-30 | $0.17 | $1.11 | x |
| 2023-06-30 | $0.11 | $1.11 | x |
| 2024-06-30 | $0.14 | $1.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spartan 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): -32.38%
- 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: 1.66x
- Recent ROE (-32.38%) is above the historical average (-41.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 3.54% | 1.16% | 0.72x | 4.22x | $-3.64 Million |
| 2021 | -41.42% | -21.72% | 1.07x | 1.78x | $-54.78 Million |
| 2022 | -96.91% | -44.06% | 1.09x | 2.02x | $-89.78 Million |
| 2023 | -37.86% | -61.26% | 0.34x | 1.84x | $-44.42 Million |
| 2024 | -32.38% | 0.00% | 0.00x | 1.66x | $-66.54 Million |
Industry Comparison
This section compares Spartan 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 |
|---|---|---|---|---|
| Spartan Resources Limited (GYYSF) | $158.57 Million | 3.54% | 0.64x | $1.08 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 |