Trek Resources Inc
Trek Resources, Inc., an independent energy company, engages in the exploration, development, exploitation, and acquisition of onshore oil and natural gas properties principally in the United States. The company was formerly known as McGowen Resources Company, Inc. and changed its name to Trek Resources, Inc. in 2001. Trek Resources was incorporated in 1983 and is based in Dallas, Texas.
Trek Resources Inc (TRKX) - Net Assets
Latest net assets as of June 2013: $33.83 Million USD
Based on the latest financial reports, Trek Resources Inc (TRKX) has net assets worth $33.83 Million USD as of June 2013.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($63.01 Million) and total liabilities ($29.18 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 | $33.83 Million |
| % of Total Assets | 53.69% |
| Annual Growth Rate | 37.82% |
| 5-Year Change | 448.43% |
| 10-Year Change | N/A |
| Growth Volatility | 101.53 |
Trek Resources Inc - Net Assets Trend (2002–2012)
This chart illustrates how Trek 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 Trek Resources Inc (2002–2012)
The table below shows the annual net assets of Trek Resources Inc from 2002 to 2012.
| Year | Net Assets | Change |
|---|---|---|
| 2012-09-30 | $30.07 Million | +13.53% |
| 2011-09-30 | $26.48 Million | +17.36% |
| 2010-09-30 | $22.57 Million | +9.21% |
| 2009-09-30 | $20.66 Million | +276.90% |
| 2004-09-30 | $5.48 Million | +59.99% |
| 2003-09-30 | $3.43 Million | +181.80% |
| 2002-09-30 | $1.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trek 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 grown by 660007900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2012)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $30.07 Million | 100.00% |
| Total Equity | $30.07 Million | 100.00% |
Trek Resources Inc Competitors by Market Cap
The table below lists competitors of Trek Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SINTEZA S.A.
RO:STZ
|
$3.73 Million |
|
BTM Resources Bhd
KLSE:7188
|
$3.73 Million |
|
Golden Land Bhd
KLSE:7382
|
$3.73 Million |
|
Aeva Technologies, Inc. Warrants
NYSE:AEVAW
|
$3.74 Million |
|
Argo Gold Inc
PINK:ARBTF
|
$3.73 Million |
|
World Technology Corp
PINK:HLOC
|
$3.73 Million |
|
BitFuFu Inc. Warrant
NASDAQ:FUFUW
|
$3.73 Million |
|
Widad Group Bhd
KLSE:0162
|
$3.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trek Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2011 to 2012, total equity changed from 26,485,000 to 30,068,000, a change of 3,583,000 (13.5%).
- Net income of 3,657,000 contributed positively to equity growth.
Equity Change Factors (2011 to 2012)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.66 Million | +12.16% |
| Other Changes | $-74.00K | -0.25% |
| Total Change | $- | 13.53% |
Book Value vs Market Value Analysis
This analysis compares Trek 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 |
|---|---|---|---|
| 2002-09-30 | $34.38 | $375.00 | x |
| 2003-09-30 | $69.02 | $375.00 | x |
| 2004-09-30 | $110.38 | $375.00 | x |
| 2009-09-30 | $0.00 | $375.00 | x |
| 2010-09-30 | $0.00 | $375.00 | x |
| 2011-09-30 | $0.00 | $375.00 | x |
| 2012-09-30 | $0.00 | $375.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trek 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): 12.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.11%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.79x
- Recent ROE (12.16%) is above the historical average (6.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -73.87% | -16.30% | 0.41x | 10.93x | $-1.02 Million |
| 2003 | 38.72% | 16.42% | 0.55x | 4.31x | $984.04K |
| 2004 | 38.07% | 23.50% | 0.54x | 2.98x | $1.54 Million |
| 2009 | 7.73% | 20.99% | 0.26x | 1.42x | $-469.40K |
| 2010 | 6.17% | 14.28% | 0.29x | 1.48x | $-864.80K |
| 2011 | 15.56% | 31.92% | 0.30x | 1.62x | $1.47 Million |
| 2012 | 12.16% | 25.11% | 0.27x | 1.79x | $650.20K |
Industry Comparison
This section compares Trek Resources Inc'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 |
|---|---|---|---|---|
| Trek Resources Inc (TRKX) | $33.83 Million | -73.87% | 0.86x | $3.73 Million |
| 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 |