Alkane Resources Limited (ALK) - Net Assets
Based on the latest financial reports, Alkane Resources Limited (ALK) has net assets worth CA$309.37 Million CAD as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$464.70 Million) and total liabilities (CA$155.32 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 | CA$309.37 Million |
| % of Total Assets | 66.58% |
| Annual Growth Rate | 17.32% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.94 |
Alkane Resources Limited - Net Assets Trend (2021–2024)
This chart illustrates how Alkane Resources 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 Alkane Resources Limited (2021–2024)
The table below shows the annual net assets of Alkane Resources Limited from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$309.37 Million | +3.13% |
| 2023-06-30 | CA$300.00 Million | +11.58% |
| 2022-06-30 | CA$268.87 Million | +40.36% |
| 2021-06-30 | CA$191.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alkane Resources 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 grown by 342.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$171.24 Million | 55.35% |
| Common Stock | CA$223.32 Million | 72.18% |
| Other Comprehensive Income | CA$-85.19 Million | -27.54% |
| Total Equity | CA$309.37 Million | 100.00% |
Alkane Resources Limited Competitors by Market Cap
The table below lists competitors of Alkane Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongguan Kingsun Optoelectronic Co Ltd
SHE:002638
|
$985.93 Million |
|
China CYTS Tours Holding Co Ltd
SHG:600138
|
$986.12 Million |
|
Suzhou Kingswood Printing Ink Co Ltd
SHE:300192
|
$986.88 Million |
|
Mengtian Home Group Inc.
SHG:603216
|
$987.37 Million |
|
Chongqing Landai Powertrain Corp Ltd
SHE:002765
|
$985.76 Million |
|
AMERCO
F:AUK
|
$985.71 Million |
|
Manchester United Ltd
NYSE:MANU
|
$984.87 Million |
|
MFA Financial Inc
NYSE:MFA
|
$984.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alkane Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 299,997,000 to 309,374,000, a change of 9,377,000 (3.1%).
- Net income of 17,677,000 contributed positively to equity growth.
- Share repurchases of 9,000 reduced equity.
- Other comprehensive income decreased equity by 10,022,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$17.68 Million | +5.71% |
| Share Repurchases | CA$9.00K | -0.0% |
| Other Comprehensive Income | CA$-10.02 Million | -3.24% |
| Other Changes | CA$1.73 Million | +0.56% |
| Total Change | CA$- | 3.13% |
Book Value vs Market Value Analysis
This analysis compares Alkane Resources 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: 3.60x
- 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 decreased from 5.70x to 3.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | CA$0.32 | CA$1.82 | x |
| 2022-06-30 | CA$0.45 | CA$1.82 | x |
| 2023-06-30 | CA$0.49 | CA$1.82 | x |
| 2024-06-30 | CA$0.51 | CA$1.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alkane Resources 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): 5.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.22%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.50x
- Recent ROE (5.71%) is below the historical average (18.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 29.08% | 43.57% | 0.54x | 1.23x | CA$36.54 Million |
| 2022 | 26.13% | 42.57% | 0.46x | 1.32x | CA$43.36 Million |
| 2023 | 14.15% | 22.28% | 0.46x | 1.37x | CA$12.45 Million |
| 2024 | 5.71% | 10.22% | 0.37x | 1.50x | CA$-13.26 Million |
Industry Comparison
This section compares Alkane Resources Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $6,505,710
- Average return on equity (ROE) among peers: -29.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alkane Resources Limited (ALK) | CA$309.37 Million | 29.08% | 0.50x | $985.87 Million |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 Million |
About Alkane Resources Limited
Alkane Resources Ltd operates as a gold exploration and production company in Australia. It explores for gold, copper, nickel, zinc, and silver deposits. The company also invests in junior gold mining companies and projects. Alkane Resources Ltd was incorporated in 1969 and is headquartered in West Perth, Australia.