Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd, an investment holding company, engages in mining operations. The company explores for copper, cobalt, and copper concentrates. It also operates Ruashi mine, a copper and cobalt mine located in Lubumbashi, the Democratic Republic of Congo; Kinsenda mine, a copper mine situated in Haut-Katanga Province, the Democratic Republic of Congo; Chibuluma sout… Read more
Jinchuan Group International Resources Co. Ltd (JGRRF) - Net Assets
Latest net assets as of June 2024: $1.16 Billion USD
Based on the latest financial reports, Jinchuan Group International Resources Co. Ltd (JGRRF) has net assets worth $1.16 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.30 Billion) and total liabilities ($1.14 Billion). 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 | $1.16 Billion |
| % of Total Assets | 50.49% |
| Annual Growth Rate | 4.18% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.97 |
Jinchuan Group International Resources Co. Ltd - Net Assets Trend (2020–2023)
This chart illustrates how Jinchuan Group International Resources Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jinchuan Group International Resources Co. Ltd (2020–2023)
The table below shows the annual net assets of Jinchuan Group International Resources Co. Ltd from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.15 Billion | -1.40% |
| 2022-12-31 | $1.17 Billion | -0.92% |
| 2021-12-31 | $1.18 Billion | +15.74% |
| 2020-12-31 | $1.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jinchuan Group International Resources Co. Ltd'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 649200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $991.95 Million | 100.66% |
| Total Equity | $985.46 Million | 100.00% |
Jinchuan Group International Resources Co. Ltd Competitors by Market Cap
The table below lists competitors of Jinchuan Group International Resources Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nantong Jinghua Pharmaceutical Co Ltd
SHE:002349
|
$535.78 Million |
|
SALCEF GROUP S.P.A.
F:7S9
|
$535.81 Million |
|
Paradox Interactive AB (publ)
PINK:PRXXF
|
$536.11 Million |
|
Shenyang Jinbei Automotive Co Ltd
SHG:600609
|
$536.23 Million |
|
Arteris Inc
NASDAQ:AIP
|
$535.54 Million |
|
ITMAX System Berhad
KLSE:5309
|
$535.43 Million |
|
Hangzhou EZVIZ Network Co. Ltd. A
SHG:688475
|
$535.39 Million |
|
Gen Digital Inc. Contingent Value Rights
NASDAQ:GENVR
|
$535.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jinchuan Group International Resources Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,001,403,000 to 985,457,000, a change of -15,946,000 (-1.6%).
- Net loss of 11,558,000 reduced equity.
- Dividend payments of 3,206,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.56 Million | -1.17% |
| Dividends Paid | $3.21 Million | -0.33% |
| Other Changes | $-1.18 Million | -0.12% |
| Total Change | $- | -1.59% |
Book Value vs Market Value Analysis
This analysis compares Jinchuan Group International Resources Co. Ltd'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: 1.29x
- 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 1.43x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.07 | $0.10 | x |
| 2021-12-31 | $0.08 | $0.10 | x |
| 2022-12-31 | $0.08 | $0.10 | x |
| 2023-12-31 | $0.08 | $0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jinchuan Group International Resources Co. Ltd 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): -1.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.81%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 2.20x
- Recent ROE (-1.17%) is below the historical average (3.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 3.35% | 5.63% | 0.30x | 1.98x | $-59.50 Million |
| 2021 | 11.90% | 14.49% | 0.41x | 2.01x | $19.21 Million |
| 2022 | 0.10% | 0.12% | 0.43x | 2.03x | $-99.11 Million |
| 2023 | -1.17% | -1.81% | 0.29x | 2.20x | $-110.10 Million |
Industry Comparison
This section compares Jinchuan Group International Resources Co. Ltd's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $772,452,903
- Average return on equity (ROE) among peers: -135.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jinchuan Group International Resources Co. Ltd (JGRRF) | $1.16 Billion | 3.35% | 0.98x | $535.78 Million |
| Atlas Consolidated Mining and Development Corporation (ACMDY) | $5.76 Billion | -13.16% | 2.06x | $240.13 Million |
| Antofagasta PLC (ANFGF) | $1.28 Billion | 7.59% | 0.93x | $6.24 Billion |
| Trinity One Metals Ltd. (ARJNF) | $-188.82K | 0.00% | 0.00x | $100.13K |
| Amerigo Resources Ltd. (ARREF) | $132.68 Million | 0.00% | 0.55x | $151.75 Million |
| Arizona Sonoran Copper Company Inc. (ASCUF) | $44.08 Million | -29.63% | 0.23x | $218.14 Million |
| Alta Copper Corp. (ATCUF) | $62.65 Million | -1.27% | 0.02x | $17.41 Million |
| Atalaya Mining Plc (ATLMF) | $435.90 Million | 30.66% | 0.34x | $433.10 Million |
| Bell Copper Corporation (BCUFF) | $9.40 Million | -12.90% | 0.16x | $2.22 Million |
| Giant Mining Corp. (BFGFF) | $824.41K | -253.66% | 0.31x | $18.49 Million |
| Blue River Resources Ltd (BRVRF) | $145.98K | -1083.66% | 2.72x | $704.59K |