Poseidon Nickel Limited
Poseidon Nickel Limited engages in the exploration, mining, and production of mineral properties in Australia. The company primarily explores for nickel, lithium, copper, and gold deposits, as well as other minerals. It holds interests in the Windarra, Black Swan, and Lake Johnston nickel projects located in Western Australia. The company was formerly known as Niagara Mining Limited and changed i… Read more
Poseidon Nickel Limited (PSDNF) - Net Assets
Latest net assets as of June 2024: $21.84 Million USD
Based on the latest financial reports, Poseidon Nickel Limited (PSDNF) has net assets worth $21.84 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 ($86.85 Million) and total liabilities ($65.02 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 | $21.84 Million |
| % of Total Assets | 25.14% |
| Annual Growth Rate | 5.68% |
| 5-Year Change | -64.36% |
| 10-Year Change | -57.25% |
| Growth Volatility | 133.02 |
Poseidon Nickel Limited - Net Assets Trend (1994–2024)
This chart illustrates how Poseidon Nickel 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 Poseidon Nickel Limited (1994–2024)
The table below shows the annual net assets of Poseidon Nickel Limited from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $21.84 Million | -71.28% |
| 2023-06-30 | $76.03 Million | +0.67% |
| 2022-06-30 | $75.53 Million | +25.61% |
| 2021-06-30 | $60.13 Million | -1.86% |
| 2020-06-30 | $61.27 Million | -17.32% |
| 2019-06-30 | $74.11 Million | +457.68% |
| 2018-06-30 | $13.29 Million | -17.17% |
| 2017-06-30 | $16.04 Million | +48.68% |
| 2016-06-30 | $10.79 Million | -78.87% |
| 2015-06-30 | $51.08 Million | +19.16% |
| 2014-06-30 | $42.86 Million | +5.71% |
| 2013-06-30 | $40.55 Million | -23.71% |
| 2012-06-30 | $53.15 Million | +46.75% |
| 2011-06-30 | $36.22 Million | +15.61% |
| 2010-06-30 | $31.33 Million | -1.56% |
| 2009-06-30 | $31.83 Million | +44.87% |
| 2008-06-30 | $21.97 Million | -30.24% |
| 2007-06-30 | $31.49 Million | +67.65% |
| 2006-06-30 | $18.78 Million | +444.56% |
| 2005-06-30 | $3.45 Million | +75.78% |
| 2004-06-30 | $1.96 Million | +89.31% |
| 2003-06-30 | $1.04 Million | -21.24% |
| 2002-06-30 | $1.32 Million | -40.08% |
| 2001-06-30 | $2.20 Million | +50.96% |
| 2000-06-30 | $1.46 Million | +186.62% |
| 1999-06-30 | $-1.68 Million | -272.79% |
| 1998-06-30 | $972.28K | -81.76% |
| 1997-06-30 | $5.33 Million | +1.19% |
| 1996-06-30 | $5.27 Million | +28.17% |
| 1995-06-30 | $4.11 Million | -1.23% |
| 1994-06-30 | $4.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Poseidon Nickel 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 26098800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $282.49 Million | 1293.77% |
| Other Comprehensive Income | $901.00K | 4.13% |
| Total Equity | $21.84 Million | 100.00% |
Poseidon Nickel Limited Competitors by Market Cap
The table below lists competitors of Poseidon Nickel Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jayden Resources Inc.
OTCQB:JDNRF
|
$1.28 Million |
|
C I Systems
TA:CISY
|
$1.28 Million |
|
Mentiga Corporation Bhd
KLSE:5223
|
$1.28 Million |
|
MDI Energia S.A.
WAR:MDI
|
$1.28 Million |
|
AFRICAN PIONEER PLC O.N.
F:9TI
|
$1.27 Million |
|
NRG ENERGY (NRA.SG)
STU:NRA
|
$1.27 Million |
|
Buligo Capital Ltd
TA:BLGO
|
$1.27 Million |
|
Avira Resources Ltd
AU:AVW
|
$1.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Poseidon Nickel Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 76,033,000 to 21,835,000, a change of -54,198,000 (-71.3%).
- Net loss of 60,040,000 reduced equity.
- New share issuances of 5,775,000 increased equity.
- Other comprehensive income decreased equity by 79,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-60.04 Million | -274.97% |
| Share Issuances | $5.78 Million | +26.45% |
| Other Comprehensive Income | $-79.00K | -0.36% |
| Other Changes | $146.00K | +0.67% |
| Total Change | $- | -71.28% |
Book Value vs Market Value Analysis
This analysis compares Poseidon Nickel 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: 0.67x
- 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.
- The price-to-book ratio has increased from 0.00x to 0.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-06-30 | $3.01 | $0.00 | x |
| 1995-06-30 | $2.84 | $0.00 | x |
| 1996-06-30 | $9.28 | $0.00 | x |
| 1997-06-30 | $1.38 | $0.00 | x |
| 1998-06-30 | $0.21 | $0.00 | x |
| 1999-06-30 | $-0.29 | $0.00 | x |
| 2000-06-30 | $0.16 | $0.00 | x |
| 2001-06-30 | $0.17 | $0.00 | x |
| 2002-06-30 | $0.04 | $0.00 | x |
| 2003-06-30 | $0.03 | $0.00 | x |
| 2004-06-30 | $0.04 | $0.00 | x |
| 2005-06-30 | $0.06 | $0.00 | x |
| 2006-06-30 | $0.18 | $0.00 | x |
| 2007-06-30 | $0.20 | $0.00 | x |
| 2008-06-30 | $0.11 | $0.00 | x |
| 2009-06-30 | $0.15 | $0.00 | x |
| 2010-06-30 | $0.15 | $0.00 | x |
| 2011-06-30 | $0.15 | $0.00 | x |
| 2012-06-30 | $0.22 | $0.00 | x |
| 2013-06-30 | $0.10 | $0.00 | x |
| 2014-06-30 | $0.10 | $0.00 | x |
| 2015-06-30 | $0.08 | $0.00 | x |
| 2016-06-30 | $0.01 | $0.00 | x |
| 2017-06-30 | $0.02 | $0.00 | x |
| 2018-06-30 | $0.01 | $0.00 | x |
| 2019-06-30 | $0.03 | $0.00 | x |
| 2020-06-30 | $0.02 | $0.00 | x |
| 2021-06-30 | $0.02 | $0.00 | x |
| 2022-06-30 | $0.02 | $0.00 | x |
| 2023-06-30 | $0.02 | $0.00 | x |
| 2024-06-30 | $0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Poseidon Nickel 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): -274.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6004.00%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 3.98x
- Recent ROE (-274.97%) is below the historical average (-101.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 0.28% | 0.00% | 0.00x | 1.06x | $-500.47K |
| 1997 | -87.58% | 0.00% | 0.00x | 1.11x | $-5.20 Million |
| 1998 | -509.81% | 0.00% | 0.00x | 3.38x | $-5.05 Million |
| 1999 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.27 Million |
| 2000 | 137.33% | 0.00% | 0.00x | 1.10x | $1.85 Million |
| 2001 | -65.44% | -4418.37% | 0.01x | 1.42x | $-1.66 Million |
| 2002 | -141.24% | -274.54% | 0.43x | 1.20x | $-1.99 Million |
| 2003 | -58.62% | -23915.62% | 0.00x | 1.14x | $-711.36K |
| 2004 | -26.79% | -1241.57% | 0.02x | 1.03x | $-722.03K |
| 2005 | -34.86% | -3144.41% | 0.01x | 1.03x | $-1.55 Million |
| 2006 | -4.90% | -2547.62% | 0.00x | 1.03x | $-2.80 Million |
| 2007 | -23.96% | -947963.19% | 0.00x | 1.07x | $-10.69 Million |
| 2008 | -1165.71% | -120232.39% | 0.00x | 2.38x | $-258.29 Million |
| 2009 | 23.38% | 148820.00% | 0.00x | 1.52x | $4.26 Million |
| 2010 | -12.93% | -3045.11% | 0.00x | 1.53x | $-7.18 Million |
| 2011 | 1.51% | 505.56% | 0.00x | 1.84x | $-3.08 Million |
| 2012 | -6.07% | 0.00% | 0.00x | 1.65x | $-8.54 Million |
| 2013 | -33.00% | 0.00% | 0.00x | 2.07x | $-17.44 Million |
| 2014 | -13.62% | 0.00% | 0.00x | 1.96x | $-10.12 Million |
| 2015 | -42.04% | 0.00% | 0.00x | 2.73x | $-26.58 Million |
| 2016 | -441.91% | 0.00% | 0.00x | 8.15x | $-48.76 Million |
| 2017 | 0.16% | 0.00% | 0.00x | 5.28x | $-1.58 Million |
| 2018 | -72.65% | -6846.81% | 0.00x | 6.40x | $-10.98 Million |
| 2019 | -14.16% | -5672.97% | 0.00x | 2.03x | $-17.91 Million |
| 2020 | -20.98% | 0.00% | 0.00x | 2.28x | $-18.98 Million |
| 2021 | -18.18% | 0.00% | 0.00x | 2.08x | $-16.95 Million |
| 2022 | -15.50% | 0.00% | 0.00x | 1.86x | $-19.26 Million |
| 2023 | -14.91% | 0.00% | 0.00x | 1.86x | $-18.94 Million |
| 2024 | -274.97% | -6004.00% | 0.01x | 3.98x | $-62.22 Million |
Industry Comparison
This section compares Poseidon Nickel 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 |
|---|---|---|---|---|
| Poseidon Nickel Limited (PSDNF) | $21.84 Million | 0.28% | 2.98x | $1.28 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 |