Trio Resources Inc
Trio Resources, Inc., an exploration stage and small-scale processing company, engages in the acquisition, development, drilling, and exploration of mineral properties. The company explores for silver, cobalt, and nickel. It holds 100% interest in the 94-acre Duncan Kerr property located near the town of Cobalt, Ontario. The company was founded in 2012 and is based in Toronto, Canada.
Trio Resources Inc (TRII) - Net Assets
Latest net assets as of March 2018: $265.46 Million USD
Based on the latest financial reports, Trio Resources Inc (TRII) has net assets worth $265.46 Million USD as of March 2018.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($317.83 Million) and total liabilities ($52.38 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 | $265.46 Million |
| % of Total Assets | 83.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 55.96 |
Trio Resources Inc - Net Assets Trend (2011–2017)
This chart illustrates how Trio Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trio Resources Inc (2011–2017)
The table below shows the annual net assets of Trio Resources Inc from 2011 to 2017.
| Year | Net Assets | Change |
|---|---|---|
| 2017-09-30 | $294.30 Million | +10.81% |
| 2016-12-31 | $265.59 Million | +7808.67% |
| 2016-09-30 | $-3.45 Million | -101.11% |
| 2015-12-31 | $310.21 Million | +9792.78% |
| 2015-09-30 | $-3.20 Million | -11.97% |
| 2014-09-30 | $-2.86 Million | -20.56% |
| 2013-09-30 | $-2.37 Million | -11162.59% |
| 2012-09-30 | $-21.05K | -717.51% |
| 2011-09-30 | $-2.58K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trio Resources Inc'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 32001800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2017)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $51.00K | 0.02% |
| Other Components | $614.27 Million | 208.72% |
| Total Equity | $294.30 Million | 100.00% |
Trio Resources Inc Competitors by Market Cap
The table below lists competitors of Trio Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PH Resorts Group Holdings Inc
PSE:PHR
|
$22.98 |
|
Liberty Metals Ltd
AU:LIB
|
$23.28 |
|
Unlimit Group A/S
CO:UNLGRP
|
$23.39 |
|
Affymax Inc.
PINK:AFFY
|
$23.47 |
|
Stevia Corp
PINK:STEV
|
$22.59 |
|
Acheter-Louer.Fr SA
F:2ZT1
|
$22.55 |
|
JAPAUL OIL & MARITIME SERVICES PLC
XNSA:JAPAULGOLD
|
$22.48 |
|
CUTIX PLC
XNSA:CUTIX
|
$22.27 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trio Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2016 to 2017, total equity changed from 265,589,000 to 294,301,000, a change of 28,712,000 (10.8%).
- Net income of 22,180,000 contributed positively to equity growth.
- Share repurchases of 700,000 reduced equity.
- Other factors increased equity by 7,232,000.
Equity Change Factors (2016 to 2017)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $22.18 Million | +7.54% |
| Share Repurchases | $700.00K | -0.24% |
| Other Changes | $7.23 Million | +2.46% |
| Total Change | $- | 10.81% |
Book Value vs Market Value Analysis
This analysis compares Trio Resources Inc'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-09-30 | $0.00 | $0.00 | x |
| 2013-09-30 | $-0.01 | $0.00 | x |
| 2014-09-30 | $-0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trio Resources Inc 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): 7.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.91%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.05x
- Recent ROE (7.54%) is above the historical average (-8.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | -1009.42% | 0.74x | 0.00x | $-38.17K |
| 2013 | 0.00% | -907.18% | 0.50x | 0.00x | $-1.75 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.00 Million |
| 2015 | 0.00% | -1219.08% | 0.22x | 0.00x | $-611.42K |
| 2015 | -51.59% | -127.99% | 0.36x | 1.12x | $-191.06 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $154.64K |
| 2016 | -20.36% | -35.41% | 0.52x | 1.11x | $-80.63 Million |
| 2017 | 7.54% | 33.91% | 0.21x | 1.05x | $-7.25 Million |
Industry Comparison
This section compares Trio Resources Inc's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trio Resources Inc (TRII) | $265.46 Million | 0.00% | 0.20x | $22.73 |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |