Novonix Ltd
NOVONIX Limited, a battery technology and materials company, provides products and mission critical services in North America, Asia, Australia, and Europe. It operates through Battery Materials, Battery Technology, and Graphite Exploration segments. The company develops and manufactures battery anode materials and battery cell testing equipment; performs consulting services; and carries out resea… Read more
Novonix Ltd (NVNXF) - Net Assets
Latest net assets as of June 2025: $143.83 Million USD
Based on the latest financial reports, Novonix Ltd (NVNXF) has net assets worth $143.83 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 ($239.04 Million) and total liabilities ($95.21 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 | $143.83 Million |
| % of Total Assets | 60.17% |
| Annual Growth Rate | N/A |
| 5-Year Change | -45.21% |
| 10-Year Change | 647.18% |
| Growth Volatility | 206.41 |
Novonix Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Novonix 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 Novonix Ltd (2014–2024)
The table below shows the annual net assets of Novonix Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $137.59 Million | -25.20% |
| 2023-12-31 | $183.94 Million | -18.63% |
| 2023-06-30 | $226.06 Million | +49.32% |
| 2022-12-31 | $151.39 Million | -39.72% |
| 2021-12-31 | $251.13 Million | +40.95% |
| 2020-12-31 | $178.18 Million | +195.42% |
| 2019-12-31 | $60.31 Million | +472.02% |
| 2018-12-31 | $10.54 Million | -63.87% |
| 2017-12-31 | $29.18 Million | +58.48% |
| 2016-12-31 | $18.41 Million | +578.80% |
| 2016-06-30 | $2.71 Million | 0.00% |
| 2015-12-31 | $2.71 Million | +69163.77% |
| 2014-12-31 | $-3.93K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Novonix 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 25966604200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $367.54 Million | 267.12% |
| Other Comprehensive Income | $29.72 Million | 21.60% |
| Total Equity | $137.59 Million | 100.00% |
Novonix Ltd Competitors by Market Cap
The table below lists competitors of Novonix Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AzureWave Technologies Inc
TW:3694
|
$155.82 Million |
|
Astra Otoparts Tbk
JK:AUTO
|
$155.83 Million |
|
Subros Limited
NSE:SUBROS
|
$155.83 Million |
|
Greaves Cotton Limited
NSE:GREAVESCOT
|
$155.84 Million |
|
Magna Mining Inc
PINK:MGMNF
|
$155.82 Million |
|
TPI POLENE POWER
BK:TPIPP-R
|
$155.72 Million |
|
Nitco Limited
NSE:NITCO
|
$155.71 Million |
|
Pum-Tech Korea Co. Ltd
KQ:251970
|
$155.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Novonix Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 183,936,275 to 137,590,257, a change of -46,346,018 (-25.2%).
- Net loss of 74,822,141 reduced equity.
- New share issuances of 28,818,616 increased equity.
- Other comprehensive income increased equity by 9,054,612.
- Other factors decreased equity by 9,397,105.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-74.82 Million | -54.38% |
| Share Issuances | $28.82 Million | +20.95% |
| Other Comprehensive Income | $9.05 Million | +6.58% |
| Other Changes | $-9.40 Million | -6.83% |
| Total Change | $- | -25.20% |
Book Value vs Market Value Analysis
This analysis compares Novonix 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: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.00 | $0.32 | x |
| 2015-12-31 | $0.01 | $0.32 | x |
| 2016-06-30 | $0.03 | $0.32 | x |
| 2016-12-31 | $0.04 | $0.32 | x |
| 2017-12-31 | $0.06 | $0.32 | x |
| 2018-12-31 | $0.02 | $0.32 | x |
| 2019-12-31 | $0.13 | $0.32 | x |
| 2020-12-31 | $0.38 | $0.32 | x |
| 2021-12-31 | $0.54 | $0.32 | x |
| 2022-12-31 | $0.31 | $0.32 | x |
| 2023-06-30 | $0.46 | $0.32 | x |
| 2023-12-31 | $0.38 | $0.32 | x |
| 2024-12-31 | $0.28 | $0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Novonix 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): -54.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1278.04%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.64x
- Recent ROE (-54.38%) is below the historical average (-47.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.55K |
| 2015 | -45.85% | -6008.68% | 0.01x | 1.08x | $-1.52 Million |
| 2016 | -33.32% | -7592.94% | 0.00x | 1.93x | $-7.98 Million |
| 2017 | -35.37% | -475.32% | 0.06x | 1.27x | $-13.24 Million |
| 2018 | -247.75% | -1437.60% | 0.05x | 3.31x | $-27.18 Million |
| 2019 | -22.27% | -315.75% | 0.06x | 1.25x | $-19.46 Million |
| 2020 | -7.55% | -257.24% | 0.03x | 1.14x | $-31.26 Million |
| 2021 | -20.65% | -850.01% | 0.02x | 1.21x | $-76.97 Million |
| 2022 | -25.16% | -1031.13% | 0.02x | 1.25x | $-53.22 Million |
| 2023 | -25.14% | -574.19% | 0.03x | 1.43x | $-64.64 Million |
| 2024 | -54.38% | -1278.04% | 0.03x | 1.64x | $-88.58 Million |
Industry Comparison
This section compares Novonix Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $315,233,876
- Average return on equity (ROE) among peers: -5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Novonix Ltd (NVNXF) | $143.83 Million | 0.00% | 0.66x | $155.82 Million |
| ABB Ltd (ABBNY) | $2.23 Billion | -31.00% | 13.51x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $130.20 Million | -15.76% | 0.25x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $194.80 Million |
| Advanced Energy Industries Inc (AEIS) | $392.07 Million | 32.51% | 0.46x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $30.27 Million | -57.55% | 0.21x | $91.15 Million |
| Alfen N.V (ALFNF) | $6.81 Million | 25.29% | 3.39x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $17.88 Million |
| Astro Communications Inc (ASTO) | $7.59 Million | 3.65% | 0.08x | $18.93K |
| Atkore International Group Inc (ATKR) | $232.94 Million | 59.69% | 5.17x | $1.72 Billion |