Sprott Physical Platinum & Palladium Tr
Sprott Physical Platinum & Palladium Tr operates in various business sectors.
Sprott Physical Platinum & Palladium Tr (SPPP-U) - Net Assets
Latest net assets as of June 2024: $143.30 Million USD
Based on the latest financial reports, Sprott Physical Platinum & Palladium Tr (SPPP-U) has net assets worth $143.30 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($145.75 Million) and total liabilities ($2.45 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 | $143.30 Million |
| % of Total Assets | 98.32% |
| Annual Growth Rate | 2.75% |
| 5-Year Change | -1.2% |
| 10-Year Change | N/A |
| Growth Volatility | 10.5 |
Sprott Physical Platinum & Palladium Tr - Net Assets Trend (2018–2023)
This chart illustrates how Sprott Physical Platinum & Palladium Tr's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sprott Physical Platinum & Palladium Tr (2018–2023)
The table below shows the annual net assets of Sprott Physical Platinum & Palladium Tr from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $116.29 Million | -15.91% |
| 2022-12-31 | $138.29 Million | +4.89% |
| 2021-12-31 | $131.84 Million | +3.97% |
| 2020-12-31 | $126.81 Million | +7.73% |
| 2019-12-31 | $117.71 Million | +15.95% |
| 2018-12-31 | $101.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sprott Physical Platinum & Palladium Tr'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 152.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $125.78 Million | 108.16% |
| Total Equity | $116.29 Million | 100.00% |
Sprott Physical Platinum & Palladium Tr Competitors by Market Cap
The table below lists competitors of Sprott Physical Platinum & Palladium Tr ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Left Field Capital Corp.
V:LFC-P
|
$165.14K |
|
TDBCP
OTCGREY:TDBCP
|
$165.20K |
|
ANA HD
MU:ANCA
|
$165.31K |
|
GT Capital Holdings Inc Pref B
PSE:GTPPB
|
$165.31K |
|
Malibu Life Holdings Limited
LSE:MLHL
|
$164.99K |
|
NB PRIVATE EQUITY PART.A
F:31X
|
$164.99K |
|
BAXTER INTERNATIONA
BE:BTL
|
$164.97K |
|
GP EUROTUNNEL RGPT - Dusseldorf Stock Exchang
DU:TNU3
|
$164.87K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sprott Physical Platinum & Palladium Tr's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 138,288,000 to 116,291,000, a change of -21,997,000 (-15.9%).
- Net loss of 36,049,000 reduced equity.
- Share repurchases of 3,000 reduced equity.
- New share issuances of 14,190,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-36.05 Million | -31.0% |
| Share Repurchases | $3.00K | -0.0% |
| Share Issuances | $14.19 Million | +12.2% |
| Other Changes | $-135.00K | -0.12% |
| Total Change | $- | -15.91% |
Book Value vs Market Value Analysis
This analysis compares Sprott Physical Platinum & Palladium Tr'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: 1.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $10.27 | $17.29 | x |
| 2019-12-31 | $14.87 | $17.29 | x |
| 2020-12-31 | $18.06 | $17.29 | x |
| 2021-12-31 | $14.46 | $17.29 | x |
| 2022-12-31 | $14.37 | $17.29 | x |
| 2023-12-31 | $10.70 | $17.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sprott Physical Platinum & Palladium Tr 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): -31.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.30x
- • Equity Multiplier: 1.00x
- Recent ROE (-31.00%) is below the historical average (-2.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 6.43% | 92.47% | 0.07x | 1.00x | $-3.63 Million |
| 2019 | 17.42% | 94.58% | 0.18x | 1.00x | $8.73 Million |
| 2020 | 18.46% | 96.37% | 0.19x | 1.00x | $10.72 Million |
| 2021 | -24.00% | 0.00% | -0.23x | 1.00x | $-44.83 Million |
| 2022 | -3.87% | 0.00% | -0.03x | 1.00x | $-19.18 Million |
| 2023 | -31.00% | 0.00% | -0.30x | 1.00x | $-47.68 Million |
Industry Comparison
This section compares Sprott Physical Platinum & Palladium Tr's net assets metrics with peer companies in the same industry.
No peer company data available for comparison.