Ionic Rare Earths Limited
Ionic Rare Earths Limited engages in the mining, refining, and recycling of magnet and heavy rare earth elements in Australia, Uganda, and United Kingdom. Its flagship project is the Makuutu rare earths project that comprises six licenses covering an area of approximately 300 square kilometers located in Uganda. The company refines and recycles magnet and heavy rare earth elements for energy tran… Read more
Ionic Rare Earths Limited (IXRRF) - Net Assets
Latest net assets as of June 2025: $29.59 Million USD
Based on the latest financial reports, Ionic Rare Earths Limited (IXRRF) has net assets worth $29.59 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.56 Million) and total liabilities ($2.97 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 | $29.59 Million |
| % of Total Assets | 90.88% |
| Annual Growth Rate | 8.3% |
| 5-Year Change | 67.32% |
| 10-Year Change | 156862.48% |
| Growth Volatility | 303.81 |
Ionic Rare Earths Limited - Net Assets Trend (1999–2025)
This chart illustrates how Ionic Rare Earths 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 Ionic Rare Earths Limited (1999–2025)
The table below shows the annual net assets of Ionic Rare Earths Limited from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $29.59 Million | -18.95% |
| 2024-06-30 | $36.51 Million | -16.19% |
| 2023-06-30 | $43.56 Million | -9.79% |
| 2022-06-30 | $48.29 Million | +173.04% |
| 2021-06-30 | $17.69 Million | +404.98% |
| 2020-06-30 | $3.50 Million | +429.70% |
| 2019-06-30 | $661.17K | +7210.93% |
| 2018-06-30 | $-9.30K | -103.54% |
| 2017-06-30 | $262.43K | +1291.96% |
| 2016-06-30 | $18.85K | -96.84% |
| 2015-06-30 | $597.00K | +154.71% |
| 2014-06-30 | $234.38K | -71.20% |
| 2013-06-30 | $813.81K | -84.72% |
| 2012-06-30 | $5.33 Million | -17.06% |
| 2011-06-30 | $6.42 Million | +92.00% |
| 2010-06-30 | $3.34 Million | +42.48% |
| 2009-06-30 | $2.35 Million | -65.68% |
| 2008-06-30 | $6.84 Million | -25.78% |
| 2007-06-30 | $9.22 Million | +42.33% |
| 2006-06-30 | $6.47 Million | +614.34% |
| 2005-06-30 | $906.40K | -61.89% |
| 2004-06-30 | $2.38 Million | +362.66% |
| 2003-06-30 | $514.06K | -46.40% |
| 2002-06-30 | $959.07K | -10.95% |
| 2001-06-30 | $1.08 Million | -57.30% |
| 2000-06-30 | $2.52 Million | -32.31% |
| 1999-06-30 | $3.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ionic Rare Earths 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 7354610600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $95.09 Million | 321.32% |
| Other Comprehensive Income | $7.93 Million | 26.80% |
| Other Components | $136.40K | 0.46% |
| Total Equity | $29.59 Million | 100.00% |
Ionic Rare Earths Limited Competitors by Market Cap
The table below lists competitors of Ionic Rare Earths Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Minco Capital Corp
OTCQB:MGHCF
|
$1.13 Million |
|
Unfold.vc ASI S.A.
WAR:UNF
|
$1.13 Million |
|
The Planting Hope Company Inc
PINK:MYLKF
|
$1.13 Million |
|
Sagardeep Alloys Limited
NSE:SAGARDEEP
|
$1.13 Million |
|
Powerdyne International Inc
PINK:PWDY
|
$1.12 Million |
|
Turbogen Chp
TA:TURB
|
$1.12 Million |
|
TORCHMARK CORP - Dusseldorf Stock Exchang
DU:TMJ
|
$1.12 Million |
|
Vaccinex Inc
NASDAQ:VCNX
|
$1.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ionic Rare Earths Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 36,511,264 to 29,592,136, a change of -6,919,128 (-19.0%).
- Net loss of 11,341,449 reduced equity.
- New share issuances of 3,650,191 increased equity.
- Other comprehensive income decreased equity by 3,768,008.
- Other factors increased equity by 4,540,138.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.34 Million | -38.33% |
| Share Issuances | $3.65 Million | +12.34% |
| Other Comprehensive Income | $-3.77 Million | -12.73% |
| Other Changes | $4.54 Million | +15.34% |
| Total Change | $- | -18.95% |
Book Value vs Market Value Analysis
This analysis compares Ionic Rare Earths 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: 0.04x
- 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 |
|---|---|---|---|
| 2000-06-30 | $7.88 | $0.01 | x |
| 2001-06-30 | $2.92 | $0.01 | x |
| 2002-06-30 | $2.26 | $0.01 | x |
| 2003-06-30 | $0.97 | $0.01 | x |
| 2004-06-30 | $3.08 | $0.01 | x |
| 2005-06-30 | $1.09 | $0.01 | x |
| 2006-06-30 | $7.76 | $0.01 | x |
| 2007-06-30 | $8.18 | $0.01 | x |
| 2008-06-30 | $6.07 | $0.01 | x |
| 2009-06-30 | $2.08 | $0.01 | x |
| 2010-06-30 | $2.20 | $0.01 | x |
| 2011-06-30 | $3.41 | $0.01 | x |
| 2012-06-30 | $2.00 | $0.01 | x |
| 2013-06-30 | $0.25 | $0.01 | x |
| 2014-06-30 | $0.04 | $0.01 | x |
| 2015-06-30 | $0.05 | $0.01 | x |
| 2016-06-30 | $0.00 | $0.01 | x |
| 2017-06-30 | $0.01 | $0.01 | x |
| 2018-06-30 | $0.00 | $0.01 | x |
| 2019-06-30 | $0.01 | $0.01 | x |
| 2020-06-30 | $0.05 | $0.01 | x |
| 2021-06-30 | $0.18 | $0.01 | x |
| 2022-06-30 | $0.42 | $0.01 | x |
| 2023-06-30 | $0.33 | $0.01 | x |
| 2024-06-30 | $0.26 | $0.01 | x |
| 2025-06-30 | $0.17 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ionic Rare Earths 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): -38.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -520.04%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.10x
- Recent ROE (-38.33%) is above the historical average (-403.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -44.80% | 0.00% | 0.00x | 1.03x | $-1.38 Million |
| 2001 | -134.17% | -1269.05% | 0.09x | 1.12x | $-1.55 Million |
| 2002 | -86.85% | -275.33% | 0.27x | 1.15x | $-928.91K |
| 2003 | -137.53% | -144.86% | 0.45x | 2.11x | $-758.41K |
| 2004 | -53.61% | -135.97% | 0.34x | 1.15x | $-1.51 Million |
| 2005 | -164.72% | -137.48% | 0.57x | 2.11x | $-1.58 Million |
| 2006 | 30.60% | 103.83% | 0.18x | 1.65x | $1.33 Million |
| 2007 | -2.90% | -8.16% | 0.24x | 1.45x | $-1.19 Million |
| 2008 | 1.92% | 3.27% | 0.39x | 1.51x | $-552.46K |
| 2009 | -115.89% | -74.75% | 1.45x | 1.07x | $-2.95 Million |
| 2010 | -22.55% | 0.00% | 0.00x | 1.04x | $-1.09 Million |
| 2011 | 6.42% | 0.00% | 0.00x | 1.04x | $-229.80K |
| 2012 | -134.27% | 0.00% | 0.00x | 1.04x | $-7.68 Million |
| 2013 | -557.14% | 0.00% | 0.00x | 1.28x | $-4.62 Million |
| 2014 | -1052.99% | 0.00% | 0.00x | 1.47x | $-2.49 Million |
| 2015 | -263.15% | 0.00% | 0.00x | 1.25x | $-1.63 Million |
| 2016 | -7089.30% | -2496.07% | 0.08x | 35.35x | $-1.34 Million |
| 2017 | -348.11% | -512.90% | 0.25x | 2.72x | $-939.77K |
| 2018 | 0.00% | -14456.81% | 0.04x | 0.00x | $-2.00 Million |
| 2019 | -147.97% | -1374.27% | 0.10x | 1.10x | $-1.04 Million |
| 2020 | -42.44% | 0.00% | 0.00x | 1.10x | $-1.84 Million |
| 2021 | -13.44% | -1111.31% | 0.01x | 1.02x | $-4.15 Million |
| 2022 | -9.62% | -2106.77% | 0.00x | 1.01x | $-9.47 Million |
| 2023 | -19.60% | -309.24% | 0.06x | 1.02x | $-12.89 Million |
| 2024 | -58.07% | -960.63% | 0.06x | 1.03x | $-24.85 Million |
| 2025 | -38.33% | -520.04% | 0.07x | 1.10x | $-14.30 Million |
Industry Comparison
This section compares Ionic Rare Earths Limited'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 |
|---|---|---|---|---|
| Ionic Rare Earths Limited (IXRRF) | $29.59 Million | -44.80% | 0.10x | $1.13 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 |