Permex Petroleum Corporation
Permex Petroleum Corporation, an independent energy company, acquires, explores for, develops, and produces oil and gas properties on private, state, and federal land in the United States. Its oil and natural gas properties located within the Permian Basin region of West Texas and Southeast New Mexico that includes the Midland and Delaware Basins, as well as the Central Basin Platform. Permex Pet… Read more
Permex Petroleum Corporation (OILCF) - Net Assets
Latest net assets as of June 2025: $1.93 Million USD
Based on the latest financial reports, Permex Petroleum Corporation (OILCF) has net assets worth $1.93 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 ($12.91 Million) and total liabilities ($10.99 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 | $1.93 Million |
| % of Total Assets | 14.94% |
| Annual Growth Rate | 0.09% |
| 5-Year Change | 24.18% |
| 10-Year Change | N/A |
| Growth Volatility | 66.81 |
Permex Petroleum Corporation - Net Assets Trend (2017–2024)
This chart illustrates how Permex Petroleum 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 Permex Petroleum Corporation (2017–2024)
The table below shows the annual net assets of Permex Petroleum Corporation from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $4.11 Million | -42.73% |
| 2023-09-30 | $7.17 Million | -49.90% |
| 2022-09-30 | $14.31 Million | +89.97% |
| 2021-09-30 | $7.53 Million | +127.84% |
| 2020-09-30 | $3.31 Million | -45.65% |
| 2019-09-30 | $6.08 Million | -2.63% |
| 2018-09-30 | $6.25 Million | +53.09% |
| 2017-09-30 | $4.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Permex Petroleum 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 1618949097600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.95 Billion | 364.09% |
| Other Comprehensive Income | $-127.41 Million | -3.10% |
| Other Components | $5.48 Billion | 133.37% |
| Total Equity | $4.11 Billion | 100.00% |
Permex Petroleum Corporation Competitors by Market Cap
The table below lists competitors of Permex Petroleum Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mastermind Inc
OTCQB:MMND
|
$263.43K |
|
NewAmsterdam Pharma Co NV
DU:KH6
|
$263.49K |
|
Lottomatica Group SpA
NYSE:LOTMY
|
$263.50K |
|
EZGO Technologies Ltd
NASDAQ:EZGO
|
$263.57K |
|
Koshidaka Holdings Company Ltd
OTCGREY:KSHDF
|
$263.31K |
|
EVN (EVN.SG)
STU:EVN
|
$263.23K |
|
CABOT OIL & GAS (XCQ.SG)
STU:XCQ
|
$263.17K |
|
Elspec
TA:ELSPC
|
$263.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Permex Petroleum Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,168,792 to 4,105,401,000, a change of 4,098,232,208 (57167.7%).
- Net loss of 4,012,052 reduced equity.
- Other comprehensive income decreased equity by 127,413,000.
- Other factors increased equity by 4,229,657,260.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.01 Million | -0.1% |
| Other Comprehensive Income | $-127.41 Million | -3.1% |
| Other Changes | $4.23 Billion | +103.03% |
| Total Change | $- | 57167.68% |
Book Value vs Market Value Analysis
This analysis compares Permex Petroleum 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: 0.00x
- 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 |
|---|---|---|---|
| 2017-09-30 | $20.37 | $0.70 | x |
| 2018-09-30 | $41.68 | $0.70 | x |
| 2019-09-30 | $38.85 | $0.70 | x |
| 2020-09-30 | $19.82 | $0.70 | x |
| 2021-09-30 | $44.38 | $0.70 | x |
| 2022-09-30 | $37.09 | $0.70 | x |
| 2023-09-30 | $14.09 | $0.70 | x |
| 2024-09-30 | $7444.02 | $0.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Permex Petroleum 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): -0.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3457.68%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 0.00x
- Recent ROE (-0.10%) is above the historical average (-26.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -3.95% | -344.22% | 0.01x | 1.21x | $-569.10K |
| 2018 | -46.39% | -307.94% | 0.09x | 1.59x | $-3.52 Million |
| 2019 | -14.55% | -55.09% | 0.16x | 1.69x | $-1.49 Million |
| 2020 | -51.08% | -184.01% | 0.13x | 2.11x | $-2.02 Million |
| 2021 | -21.04% | -1482.45% | 0.01x | 1.38x | $-2.34 Million |
| 2022 | -18.97% | -309.02% | 0.05x | 1.20x | $-4.15 Million |
| 2023 | -54.96% | -571.98% | 0.06x | 1.53x | $-4.66 Million |
| 2024 | -0.10% | -3457.68% | 0.01x | 0.00x | $-414.55 Million |
Industry Comparison
This section compares Permex Petroleum Corporation's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Permex Petroleum Corporation (OILCF) | $1.93 Million | -3.95% | 5.69x | $263.31K |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |