Rio2 Ltd (RIO) - Net Assets
Based on the latest financial reports, Rio2 Ltd (RIO) has net assets worth CA$120.96 Million CAD (≈ $87.50 Million USD) 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 ≈ $194.75 Million USD) and total liabilities (CA$148.26 Million ≈ $107.25 Million USD). 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. Check RIO financial resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore Rio2 Ltd (RIO) total assets for the complete picture of this company's asset base.
Annual Net Assets for Rio2 Ltd (2001–2024)
The table below shows the annual net assets of Rio2 Ltd from 2001 to 2024. For live valuation and market cap data, see Rio2 Ltd (RIO) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$125.11 Million ≈ $90.51 Million |
+70.90% |
| 2023-12-31 | CA$73.21 Million ≈ $52.96 Million |
-10.53% |
| 2022-12-31 | CA$81.83 Million ≈ $59.19 Million |
-7.39% |
| 2021-12-31 | CA$88.36 Million ≈ $63.92 Million |
+31.66% |
| 2020-12-31 | CA$67.11 Million ≈ $48.55 Million |
-2.79% |
| 2019-12-31 | CA$69.04 Million ≈ $49.94 Million |
+36.77% |
| 2018-12-31 | CA$50.48 Million ≈ $36.52 Million |
+1091.47% |
| 2017-12-31 | CA$4.24 Million ≈ $3.06 Million |
+244.33% |
| 2016-12-31 | CA$1.23 Million ≈ $890.07K |
+285.01% |
| 2015-12-31 | CA$-665.07K ≈ $-481.10K |
+2.96% |
| 2014-12-31 | CA$-685.38K ≈ $-495.79K |
-12.00% |
| 2013-12-31 | CA$-611.94K ≈ $-442.67K |
-25.62% |
| 2012-12-31 | CA$-487.15K ≈ $-352.40K |
-81.46% |
| 2011-12-31 | CA$-268.46K ≈ $-194.20K |
+16.57% |
| 2010-12-31 | CA$-321.79K ≈ $-232.78K |
-38.80% |
| 2009-12-31 | CA$-231.83K ≈ $-167.70K |
-157.05% |
| 2008-12-31 | CA$406.37K ≈ $293.96K |
-64.83% |
| 2007-12-31 | CA$1.16 Million ≈ $835.87K |
+3528.86% |
| 2006-12-31 | CA$31.84K ≈ $23.03K |
+242.84% |
| 2005-12-31 | CA$-22.29K ≈ $-16.13K |
-106.33% |
| 2004-12-31 | CA$352.05K ≈ $254.66K |
+103.26% |
| 2003-12-31 | CA$173.20K ≈ $125.29K |
+114.53% |
| 2002-12-31 | CA$80.73K ≈ $58.40K |
-29.81% |
| 2001-12-31 | CA$115.02K ≈ $83.20K |
-- |
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 |
|---|---|
|
Marwyn Value Investors Ltd
LSE:MVIR
|
$23.55K |
|
Foresight VCT PLC
LSE:FTV
|
$23.99K |
|
Selcuk Gida Endustri Ihracat Ithalat AS
IS:SELGD
|
$24.15K |
|
Kiatnakin Phatra Bank Public Company Limited
F:KIFF
|
$24.16K |
|
Petrel Resources
LSE:PET
|
$22.74K |
|
Red Rock Resources
LSE:RRR
|
$22.50K |
|
RC365 Holding PLC
LSE:RCGH
|
$22.42K |
|
Karelian Diamond Resources PLC
LSE:KDR
|
$22.11K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rio2 Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 73,210,801 to 125,114,000, a change of 51,903,199 (70.9%).
- Net loss of 21,000 reduced equity.
- Share repurchases of 66,503,000 reduced equity.
- Other comprehensive income decreased equity by 11,998,229.
- Other factors increased equity by 130,425,428.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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: 8.28x
- 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 7536.84x to 8.28x 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$3.25 | x |
| 2002-12-31 | CA$0.29 | CA$3.25 | x |
| 2003-12-31 | CA$0.62 | CA$3.25 | x |
| 2004-12-31 | CA$1.26 | CA$3.25 | x |
| 2005-12-31 | CA$-0.06 | CA$3.25 | x |
| 2006-12-31 | CA$0.07 | CA$3.25 | x |
| 2007-12-31 | CA$2.18 | CA$3.25 | x |
| 2008-12-31 | CA$0.56 | CA$3.25 | x |
| 2009-12-31 | CA$-0.27 | CA$3.25 | x |
| 2010-12-31 | CA$-0.38 | CA$3.25 | x |
| 2011-12-31 | CA$-0.30 | CA$3.25 | x |
| 2012-12-31 | CA$-0.40 | CA$3.25 | x |
| 2013-12-31 | CA$-0.51 | CA$3.25 | x |
| 2014-12-31 | CA$-0.57 | CA$3.25 | x |
| 2015-12-31 | CA$-0.55 | CA$3.25 | x |
| 2016-12-31 | CA$0.29 | CA$3.25 | x |
| 2017-12-31 | CA$0.11 | CA$3.25 | x |
| 2018-12-31 | CA$0.98 | CA$3.25 | x |
| 2019-12-31 | CA$0.49 | CA$3.25 | x |
| 2020-12-31 | CA$0.36 | CA$3.25 | x |
| 2021-12-31 | CA$0.40 | CA$3.25 | x |
| 2022-12-31 | CA$0.32 | CA$3.25 | x |
| 2023-12-31 | CA$0.28 | CA$3.25 | x |
| 2024-12-31 | CA$0.39 | CA$3.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rio2 Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.39x
- Recent ROE (-0.02%) is above the historical average (-84.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -67.92% | -18156.28% | 0.00x | 1.35x | CA$-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: $2,226,868,887
- Average return on equity (ROE) among peers: -1503.24%
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 | $22.99K |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $3.64 Billion |
| Abcourt Mines Inc. (ABI) | $307.00K | -91.86% | 0.01x | $77.46 Million |
| Barrick Gold Corp (ABX) | $5.60 Billion | 4.09% | 0.38x | $71.81 Billion |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $152.57 Million |
| Agnico Eagle Mines Limited (AEM) | $16.24 Billion | 4.13% | 0.45x | $95.77 Billion |
| Alamos Gold Inc (AGI) | $4.13 Million | -10.66% | 0.46x | $18.11 Billion |
| AIS Resources Ltd (AIS) | $38.58K | -14725.42% | 39.28x | $1.62 Million |
| Alliance Mining Corp (ALM) | $-1.26 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $2.10 Million | -30.39% | 0.03x | $53.62 Million |
| Almaden Minerals Ltd (AMM) | $5.84 Million | -11.13% | 0.08x | $24.82 Million |
About 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.