Taruga Minerals Limited
Taruga Minerals Limited engages in the mineral exploration and development activities in Australia. The company primarily explores for gold, copper, silver, cobalt, zinc, lead, base, and rare earth element metals deposits. It holds 100% interests in the Mt Craig Copper, Torrens, Curnamona, Flinders, and Martins Well projects located in South Australia. It also holds 100% interests in the Manjimup… Read more
Taruga Minerals Limited (TGGRF) - Net Assets
Latest net assets as of June 2024: $2.41 Million USD
Based on the latest financial reports, Taruga Minerals Limited (TGGRF) has net assets worth $2.41 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 ($2.65 Million) and total liabilities ($237.90K). 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 | $2.41 Million |
| % of Total Assets | 91.02% |
| Annual Growth Rate | 4.38% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 159.71 |
Taruga Minerals Limited - Net Assets Trend (2020–2024)
This chart illustrates how Taruga Minerals 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 Taruga Minerals Limited (2020–2024)
The table below shows the annual net assets of Taruga Minerals Limited from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $2.41 Million | -81.03% |
| 2023-06-30 | $12.71 Million | +23.65% |
| 2022-06-30 | $10.28 Million | +14.45% |
| 2021-06-30 | $8.98 Million | +342.17% |
| 2020-06-30 | $2.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taruga Minerals 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 1459203500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $38.64 Million | 1602.17% |
| Total Equity | $2.41 Million | 100.00% |
Taruga Minerals Limited Competitors by Market Cap
The table below lists competitors of Taruga Minerals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Armlogi Holding Corp. Common Stock
NASDAQ:BTOC
|
$4.28 Million |
|
Vital Metals Ltd
AU:VML
|
$4.28 Million |
|
Titanium Sands Ltd
AU:TSL
|
$4.28 Million |
|
The Dixie Group Inc
NASDAQ:DXYN
|
$4.29 Million |
|
Curro Hol
JSE:COH
|
$4.28 Million |
|
Conquest Resources Ltd
V:CQR
|
$4.27 Million |
|
RPCG PCL -NVDR- BA 1
F:W8M1
|
$4.27 Million |
|
RPCG PCL F
F:R4Q
|
$4.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taruga Minerals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,710,043 to 2,411,467, a change of -10,298,576 (-81.0%).
- Net loss of 10,298,576 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.30 Million | -427.07% |
| Total Change | $- | -81.03% |
Book Value vs Market Value Analysis
This analysis compares Taruga Minerals 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: 2.93x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.92x to 2.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.01 | $0.01 | x |
| 2021-06-30 | $0.02 | $0.01 | x |
| 2022-06-30 | $0.02 | $0.01 | x |
| 2023-06-30 | $0.02 | $0.01 | x |
| 2024-06-30 | $0.00 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taruga Minerals 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): -427.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12449.02%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.10x
- Recent ROE (-427.07%) is below the historical average (-118.55%), 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 | -122.90% | 0.00% | 0.00x | 1.05x | $-2.70 Million |
| 2021 | -22.31% | 0.00% | 0.00x | 1.04x | $-2.90 Million |
| 2022 | -12.90% | 0.00% | 0.00x | 1.03x | $-2.35 Million |
| 2023 | -7.59% | 0.00% | 0.00x | 1.02x | $-2.24 Million |
| 2024 | -427.07% | -12449.02% | 0.03x | 1.10x | $-10.54 Million |
Industry Comparison
This section compares Taruga Minerals Limited's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taruga Minerals Limited (TGGRF) | $2.41 Million | -122.90% | 0.10x | $4.28 Million |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |