Sir Royalty Income Fund
SIR Royalty Income Fund, through SIR Royalty Limited Partnership, creates, owns, and operates service inspired restaurants in Canada. The company operates concept restaurant brands under Jack Astor's and Scaddabush brands; and signature restaurants under the Reds Square One, Edna +Vita, The Antler Room, Duke's Refresher, and Loose Moose Tap & Grill brands. It also owns and operates seasonal resta… Read more
Sir Royalty Income Fund (SIRZF) - Net Assets
Latest net assets as of September 2025: $86.37 Million USD
Based on the latest financial reports, Sir Royalty Income Fund (SIRZF) has net assets worth $86.37 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($92.11 Million) and total liabilities ($5.73 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 | $86.37 Million |
| % of Total Assets | 93.77% |
| Annual Growth Rate | 0.59% |
| 5-Year Change | 106.0% |
| 10-Year Change | 10.34% |
| Growth Volatility | 24.93 |
Sir Royalty Income Fund - Net Assets Trend (2004–2024)
This chart illustrates how Sir Royalty Income Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sir Royalty Income Fund (2004–2024)
The table below shows the annual net assets of Sir Royalty Income Fund from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $87.96 Million | +2.90% |
| 2023-12-31 | $85.48 Million | +12.07% |
| 2022-12-31 | $76.27 Million | +79.11% |
| 2021-12-31 | $42.59 Million | -0.27% |
| 2020-12-31 | $42.70 Million | -51.97% |
| 2019-12-31 | $88.90 Million | +2.75% |
| 2018-12-31 | $86.52 Million | -4.22% |
| 2017-12-31 | $90.33 Million | +0.11% |
| 2016-12-31 | $90.23 Million | +13.19% |
| 2015-12-31 | $79.72 Million | +16.07% |
| 2014-12-31 | $68.68 Million | +6.47% |
| 2013-12-31 | $64.51 Million | +10.88% |
| 2012-12-31 | $58.18 Million | +16.41% |
| 2011-12-31 | $49.98 Million | -3.40% |
| 2010-12-31 | $51.74 Million | +5.50% |
| 2009-12-31 | $49.04 Million | +15.36% |
| 2008-12-31 | $42.51 Million | -17.71% |
| 2007-12-31 | $51.66 Million | +15.87% |
| 2006-12-31 | $44.59 Million | +0.53% |
| 2005-12-31 | $44.35 Million | -43.30% |
| 2004-12-31 | $78.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sir Royalty Income Fund'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 2047.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $96.17 Million | 109.33% |
| Total Equity | $87.96 Million | 100.00% |
Sir Royalty Income Fund Competitors by Market Cap
The table below lists competitors of Sir Royalty Income Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tscan Therapeutics Inc
NASDAQ:TCRX
|
$50.42 Million |
|
Thor Medical ASA
OL:TRMED
|
$50.43 Million |
|
Selena FM S.A.
WAR:SEL
|
$50.43 Million |
|
CSC Steel Holdings Bhd
KLSE:5094
|
$50.44 Million |
|
Hushan Autoparts Inc.
TW:7736
|
$50.37 Million |
|
Eastern Michigan Financial Corporation
PINK:EFIN
|
$50.36 Million |
|
Foseco India Limited
NSE:FOSECOIND
|
$50.33 Million |
|
Eimco Elecon (India) Limited
NSE:EIMCOELECO
|
$50.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sir Royalty Income Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 85,483,212 to 87,963,488, a change of 2,480,276 (2.9%).
- Net income of 12,028,422 contributed positively to equity growth.
- Dividend payments of 9,548,146 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.03 Million | +13.67% |
| Dividends Paid | $9.55 Million | -10.85% |
| Total Change | $- | 2.90% |
Book Value vs Market Value Analysis
This analysis compares Sir Royalty Income Fund'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: 0.87x
- 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 |
|---|---|---|---|
| 2015-12-31 | $0.00 | $9.13 | x |
| 2016-12-31 | $0.00 | $9.13 | x |
| 2017-12-31 | $0.00 | $9.13 | x |
| 2018-12-31 | $0.00 | $9.13 | x |
| 2020-12-31 | $5.10 | $9.13 | x |
| 2021-12-31 | $5.08 | $9.13 | x |
| 2022-12-31 | $9.11 | $9.13 | x |
| 2023-12-31 | $10.21 | $9.13 | x |
| 2024-12-31 | $10.50 | $9.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sir Royalty Income Fund 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): 13.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 74.43%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.07x
- Recent ROE (13.67%) is above the historical average (8.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 12.50% | 160.65% | 0.08x | 1.00x | $1.11 Million |
| 2006 | 13.24% | 157.88% | 0.08x | 1.00x | $1.45 Million |
| 2007 | 12.52% | 136.43% | 0.09x | 1.02x | $1.30 Million |
| 2008 | 14.49% | 150.93% | 0.09x | 1.02x | $1.91 Million |
| 2009 | 14.06% | 157.98% | 0.09x | 1.02x | $1.99 Million |
| 2010 | 14.31% | 153.84% | 0.09x | 1.02x | $2.23 Million |
| 2011 | 10.73% | 108.60% | 0.09x | 1.07x | $363.64K |
| 2012 | 10.15% | 108.21% | 0.09x | 1.03x | $90.10K |
| 2013 | 10.39% | 97.35% | 0.10x | 1.03x | $252.66K |
| 2014 | 10.25% | 95.25% | 0.10x | 1.03x | $173.31K |
| 2015 | 10.79% | 71.16% | 0.14x | 1.06x | $627.85K |
| 2016 | 9.84% | 69.69% | 0.13x | 1.05x | $-145.81K |
| 2017 | 10.86% | 69.84% | 0.15x | 1.06x | $780.78K |
| 2018 | 5.91% | 44.52% | 0.13x | 1.06x | $-3.54 Million |
| 2019 | 14.22% | 117.28% | 0.11x | 1.06x | $3.75 Million |
| 2020 | -103.05% | 0.00% | -0.88x | 1.14x | $-48.27 Million |
| 2021 | 11.53% | 68.93% | 0.14x | 1.16x | $651.76K |
| 2022 | 58.22% | 90.72% | 0.59x | 1.09x | $36.78 Million |
| 2023 | 22.36% | 81.95% | 0.26x | 1.06x | $10.57 Million |
| 2024 | 13.67% | 74.43% | 0.17x | 1.07x | $3.23 Million |
Industry Comparison
This section compares Sir Royalty Income Fund's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $220,872,292
- Average return on equity (ROE) among peers: -3.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sir Royalty Income Fund (SIRZF) | $86.37 Million | 12.50% | 0.07x | $50.38 Million |
| Alsea S.A.B. de C.V (ALSSF) | $1.19 Billion | 10.33% | 0.43x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $351.58 Million | 22.42% | 3.28x | $932.27 Million |
| AmRest Holdings SE (ARHOF) | $400.70 Million | 11.21% | 4.87x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $29.50 Million | 15.25% | 0.61x | $10.62 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $7.25 Million | -43.90% | 2.62x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $14.80 Million | 2.97% | 0.34x | $19.14 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.86 Million | -31.06% | 1.01x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $57.25 Million | -53.64% | 3.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $22.50 Million | 22.22% | 1.48x | $305.87 Million |
| BJs Restaurants Inc (BJRI) | $129.90 Million | 6.43% | 0.26x | $654.97 Million |