Rio2 Ltd
Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. Its principal project holds 100% interests in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.
Rio2 Ltd (RIO) - Net Assets
Latest net assets as of September 2025: CA$120.96 Million CAD
Based on the latest financial reports, Rio2 Ltd (RIO) has net assets worth CA$120.96 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$269.22 Million) and total liabilities (CA$148.26 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$120.96 Million |
| % of Total Assets | 44.93% |
| Annual Growth Rate | 35.53% |
| 5-Year Change | 86.42% |
| 10-Year Change | N/A |
| Growth Volatility | 902.32 |
Rio2 Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Rio2 Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rio2 Ltd (2001–2024)
The table below shows the annual net assets of Rio2 Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$125.11 Million | +70.90% |
| 2023-12-31 | CA$73.21 Million | -10.53% |
| 2022-12-31 | CA$81.83 Million | -7.39% |
| 2021-12-31 | CA$88.36 Million | +31.66% |
| 2020-12-31 | CA$67.11 Million | -2.79% |
| 2019-12-31 | CA$69.04 Million | +36.77% |
| 2018-12-31 | CA$50.48 Million | +1091.47% |
| 2017-12-31 | CA$4.24 Million | +244.33% |
| 2016-12-31 | CA$1.23 Million | +285.01% |
| 2015-12-31 | CA$-665.07K | +2.96% |
| 2014-12-31 | CA$-685.38K | -12.00% |
| 2013-12-31 | CA$-611.94K | -25.62% |
| 2012-12-31 | CA$-487.15K | -81.46% |
| 2011-12-31 | CA$-268.46K | +16.57% |
| 2010-12-31 | CA$-321.79K | -38.80% |
| 2009-12-31 | CA$-231.83K | -157.05% |
| 2008-12-31 | CA$406.37K | -64.83% |
| 2007-12-31 | CA$1.16 Million | +3528.86% |
| 2006-12-31 | CA$31.84K | +242.84% |
| 2005-12-31 | CA$-22.29K | -106.33% |
| 2004-12-31 | CA$352.05K | +103.26% |
| 2003-12-31 | CA$173.20K | +114.53% |
| 2002-12-31 | CA$80.73K | -29.81% |
| 2001-12-31 | CA$115.02K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rio2 Ltd'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 5884103361.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$192.75 Million | 154.06% |
| Other Comprehensive Income | CA$-4.17 Million | -3.34% |
| Total Equity | CA$125.11 Million | 100.00% |
Rio2 Ltd Competitors by Market Cap
The table below lists competitors of Rio2 Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Colombo Investment Trust PLC
CM:CITN0000
|
$15.71K |
|
Philomaxcap AG
STU:HBD1
|
$15.72K |
|
Shifa International Hospitals Ltd
KAR:SHFA
|
$15.74K |
|
Korea Line Corp.
KQ:005880
|
$15.74K |
|
Intergis Co. Ltd.
KQ:129260
|
$15.69K |
|
ELEMENTIS (E3E.SG)
STU:E3E
|
$15.68K |
|
CASI PHARMAC. NEW O.N.
F:ENM
|
$15.68K |
|
HEMISPHERE EGY
MU:N4Q1
|
$15.65K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rio2 Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 73,210,801 to 125,114,000, a change of 51,903,199 (70.9%).
- Net loss of 21,000 reduced equity.
- Share repurchases of 66,503,000 reduced equity.
- Other comprehensive income decreased equity by 11,998,229.
- Other factors increased equity by 130,425,428.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-21.00K | -0.02% |
| Share Repurchases | CA$66.50 Million | -53.15% |
| Other Comprehensive Income | CA$-12.00 Million | -9.59% |
| Other Changes | CA$130.43 Million | +104.25% |
| Total Change | CA$- | 70.90% |
Book Value vs Market Value Analysis
This analysis compares Rio2 Ltd'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: 6.34x
- 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 5774.38x to 6.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$0.00 | CA$2.49 | x |
| 2002-12-31 | CA$0.29 | CA$2.49 | x |
| 2003-12-31 | CA$0.62 | CA$2.49 | x |
| 2004-12-31 | CA$1.26 | CA$2.49 | x |
| 2005-12-31 | CA$-0.06 | CA$2.49 | x |
| 2006-12-31 | CA$0.07 | CA$2.49 | x |
| 2007-12-31 | CA$2.18 | CA$2.49 | x |
| 2008-12-31 | CA$0.56 | CA$2.49 | x |
| 2009-12-31 | CA$-0.27 | CA$2.49 | x |
| 2010-12-31 | CA$-0.38 | CA$2.49 | x |
| 2011-12-31 | CA$-0.30 | CA$2.49 | x |
| 2012-12-31 | CA$-0.40 | CA$2.49 | x |
| 2013-12-31 | CA$-0.51 | CA$2.49 | x |
| 2014-12-31 | CA$-0.57 | CA$2.49 | x |
| 2015-12-31 | CA$-0.55 | CA$2.49 | x |
| 2016-12-31 | CA$0.29 | CA$2.49 | x |
| 2017-12-31 | CA$0.11 | CA$2.49 | x |
| 2018-12-31 | CA$0.98 | CA$2.49 | x |
| 2019-12-31 | CA$0.49 | CA$2.49 | x |
| 2020-12-31 | CA$0.36 | CA$2.49 | x |
| 2021-12-31 | CA$0.40 | CA$2.49 | x |
| 2022-12-31 | CA$0.32 | CA$2.49 | x |
| 2023-12-31 | CA$0.28 | CA$2.49 | x |
| 2024-12-31 | CA$0.39 | CA$2.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rio2 Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.39x
- Recent ROE (-0.02%) is above the historical average (-84.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -67.92% | -18156.28% | 0.00x | 1.35x | CA$-89.62K |
| 2002 | -414.27% | -390039.55% | 0.00x | 2.05x | CA$-342.53K |
| 2003 | -229.64% | -5907.89% | 0.03x | 1.13x | CA$-415.05K |
| 2004 | -158.44% | -438261.41% | 0.00x | 1.17x | CA$-592.98K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-582.77K |
| 2006 | -552.75% | 0.00% | 0.00x | 6.84x | CA$-179.18K |
| 2007 | -46.30% | 0.00% | 0.00x | 1.17x | CA$-650.55K |
| 2008 | -383.39% | 0.00% | 0.00x | 1.60x | CA$-1.60 Million |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-642.82K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-69.96K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-56.41K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-162.92K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-95.59K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-55.55K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-60.77K |
| 2016 | 36.14% | 0.00% | 0.00x | 1.09x | CA$321.65K |
| 2017 | -133.97% | 0.00% | 0.00x | 1.07x | CA$-6.10 Million |
| 2018 | -12.03% | 0.00% | 0.00x | 1.04x | CA$-11.12 Million |
| 2019 | -11.52% | 0.00% | 0.00x | 1.04x | CA$-14.86 Million |
| 2020 | -13.32% | 0.00% | 0.00x | 1.09x | CA$-15.65 Million |
| 2021 | -11.91% | 0.00% | 0.00x | 1.08x | CA$-19.36 Million |
| 2022 | -2.81% | 0.00% | 0.00x | 1.41x | CA$-10.49 Million |
| 2023 | -16.84% | 0.00% | 0.00x | 1.48x | CA$-19.65 Million |
| 2024 | -0.02% | 0.00% | 0.00x | 1.39x | CA$-12.53 Million |
Industry Comparison
This section compares Rio2 Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $2,331,423
- Average return on equity (ROE) among peers: -8.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rio2 Ltd (RIO) | CA$120.96 Million | -67.92% | 1.23x | $15.70K |
| Athabasca Minerals Inc (ABM) | $14.25 Million | -4.25% | 0.00x | $3.62 Million |
| AIS Resources Ltd (AIS) | $2.21 Million | -2.69% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $-778.01K | 0.00% | 0.00x | $6.96 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-432.64K | 0.00% | 0.00x | $311.02K |
| Antler Gold Inc (ANTL) | $2.70 Million | -28.74% | 0.39x | $2.56 Million |
| Apogee Minerals Ltd (APMI) | $874.91K | -18.97% | 0.02x | $924.60K |
| Awale Resources Ltd (ARIC) | $3.98 Million | -3.43% | 0.48x | $35.89 Million |
| Au Gold Corp (AUGC) | $2.14 Million | -30.11% | 0.01x | $4.36 Million |
| AUX Resources Corporation (AUX) | $-977.25K | 0.00% | 0.00x | $11.60 Million |