West Texas Resources Inc
West Texas Resources, Inc. engages in the operation of oil field. The company is based in Brenham, Texas.
West Texas Resources Inc (WTXR) - Net Assets
Latest net assets as of June 2025: $-4.56K USD
Based on the latest financial reports, West Texas Resources Inc (WTXR) has net assets worth $-4.56K USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($150.96K) and total liabilities ($155.51K). 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 | $-4.56K |
| % of Total Assets | -3.02% |
| Annual Growth Rate | -21.59% |
| 5-Year Change | 110.8% |
| 10-Year Change | N/A |
| Growth Volatility | 702.3 |
West Texas Resources Inc - Net Assets Trend (2012–2024)
This chart illustrates how West Texas 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 West Texas Resources Inc (2012–2024)
The table below shows the annual net assets of West Texas Resources Inc from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.10K | +136.74% |
| 2023-12-31 | $-8.45K | 0.00% |
| 2023-09-30 | $-8.45K | -673.71% |
| 2022-12-31 | $1.47K | 0.00% |
| 2022-09-30 | $1.47K | +101.02% |
| 2021-12-31 | $-144.06K | +68.22% |
| 2020-12-31 | $-453.26K | -28.31% |
| 2020-09-30 | $-353.26K | -18.43% |
| 2019-12-31 | $-298.30K | 0.00% |
| 2019-09-30 | $-298.30K | -1182.44% |
| 2017-12-31 | $27.56K | -39.60% |
| 2016-12-31 | $45.63K | -45.58% |
| 2015-12-31 | $83.83K | -86.32% |
| 2014-12-31 | $612.96K | -31.58% |
| 2013-12-31 | $895.82K | +1458.35% |
| 2012-12-31 | $57.48K | -- |
Equity Component Analysis
This analysis shows how different components contribute to West Texas 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 399101400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $28.27K | 911.15% |
| Other Components | $4.05 Million | 130450.89% |
| Total Equity | $3.10K | 100.00% |
West Texas Resources Inc Competitors by Market Cap
The table below lists competitors of West Texas Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JARDINE MATH.HOLD
BE:H4W
|
$596.76K |
|
Sportsquest Inc
PINK:SPQS
|
$596.83K |
|
EUROPA MET. LTD POST CONS
F:WRE1
|
$597.09K |
|
Affinor Growers Inc
PINK:RSSFF
|
$597.20K |
|
TSMX
NASDAQ:TSMX
|
$596.29K |
|
Kamdar Group (Malaysia) Bhd
KLSE:8672
|
$595.92K |
|
ZEB Nickel Corp
OTCQB:ZBNIF
|
$595.78K |
|
GDO
F:GDO
|
$594.94K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Texas Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -8,445 to 3,103, a change of 11,548.
- Net loss of 460,719 reduced equity.
- Other factors increased equity by 472,267.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-460.72K | -14847.53% |
| Other Changes | $472.27K | +15219.69% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares West Texas 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
- Current price-to-book ratio: 566.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 15.96x to 566.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $0.00 | $0.07 | x |
| 2013-12-31 | $0.07 | $0.07 | x |
| 2014-12-31 | $0.04 | $0.07 | x |
| 2015-12-31 | $0.01 | $0.07 | x |
| 2016-12-31 | $0.00 | $0.07 | x |
| 2017-12-31 | $0.00 | $0.07 | x |
| 2019-12-31 | $-0.02 | $0.07 | x |
| 2020-12-31 | $-0.03 | $0.07 | x |
| 2021-12-31 | $-0.01 | $0.07 | x |
| 2022-12-31 | $0.00 | $0.07 | x |
| 2023-12-31 | $0.00 | $0.07 | x |
| 2024-12-31 | $0.00 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West Texas 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): -14847.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20522.00%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 49.34x
- Recent ROE (-14847.53%) is below the historical average (-1630.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -289.41% | 0.00% | 0.00x | 3.12x | $-172.12K |
| 2013 | -33.03% | -116.21% | 0.21x | 1.33x | $-385.46K |
| 2014 | -119.60% | -240.93% | 0.28x | 1.75x | $-794.41K |
| 2015 | -1315.62% | -1357.76% | 0.23x | 4.30x | $-1.11 Million |
| 2016 | -491.80% | -34153.42% | 0.00x | 6.44x | $-228.95K |
| 2017 | -1322.20% | -3605.14% | 0.02x | 19.07x | $-367.13K |
| 2019 | 0.00% | -1390.98% | 0.02x | 0.00x | $-43.11K |
| 2020 | 0.00% | -2821.94% | 0.01x | 0.00x | $-11.14K |
| 2021 | 0.00% | -9516.22% | 0.01x | 0.00x | $-161.64K |
| 2022 | -1148.37% | -595.42% | 0.02x | 107.62x | $-17.05K |
| 2023 | 0.00% | -2049.11% | 0.01x | 0.00x | $-29.07K |
| 2024 | -14847.53% | -20522.00% | 0.01x | 49.34x | $-461.03K |
Industry Comparison
This section compares West Texas 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 |
|---|---|---|---|---|
| West Texas Resources Inc (WTXR) | $-4.56K | -289.41% | N/A | $596.29K |
| 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 |