TRX Gold Corp
TRX Gold Corporation engages in the exploration, development, and production of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project that comprises a single Special Mining License covering an area of 16.04 square kilometers and 12 Prospecting Licenses covering 98.19 square kilometers locate… Read more
TRX Gold Corp (TNX) - Net Assets
Latest net assets as of November 2023: CA$61.53 Million CAD
Based on the latest financial reports, TRX Gold Corp (TNX) has net assets worth CA$61.53 Million CAD as of November 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$87.06 Million) and total liabilities (CA$25.53 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$61.53 Million |
| % of Total Assets | 70.68% |
| Annual Growth Rate | 9.2% |
| 5-Year Change | 314.99% |
| 10-Year Change | 28.9% |
| Growth Volatility | 36.42 |
TRX Gold Corp - Net Assets Trend (1998–2023)
This chart illustrates how TRX Gold Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TRX Gold Corp (1998–2023)
The table below shows the annual net assets of TRX Gold Corp from 1998 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-08-31 | CA$61.06 Million | +19.35% |
| 2022-08-31 | CA$51.16 Million | +10.20% |
| 2021-08-31 | CA$46.42 Million | +86.99% |
| 2020-08-31 | CA$24.83 Million | +68.75% |
| 2019-08-31 | CA$14.71 Million | -44.33% |
| 2018-08-31 | CA$26.43 Million | -7.97% |
| 2017-08-31 | CA$28.72 Million | -18.31% |
| 2016-08-31 | CA$35.16 Million | +1.05% |
| 2015-08-31 | CA$34.79 Million | -26.55% |
| 2014-08-31 | CA$47.37 Million | -4.56% |
| 2013-08-31 | CA$49.63 Million | -2.89% |
| 2012-08-31 | CA$51.11 Million | -20.19% |
| 2011-08-31 | CA$64.03 Million | +123.93% |
| 2010-08-31 | CA$28.59 Million | +9.50% |
| 2009-08-31 | CA$26.11 Million | +5.16% |
| 2008-08-31 | CA$24.83 Million | +6.02% |
| 2007-08-31 | CA$23.42 Million | +7.10% |
| 2006-08-31 | CA$21.87 Million | +18.75% |
| 2005-08-31 | CA$18.42 Million | +13.51% |
| 2004-08-31 | CA$16.22 Million | +10.54% |
| 2003-08-31 | CA$14.68 Million | +16.67% |
| 2002-08-31 | CA$12.58 Million | +64.18% |
| 2001-08-31 | CA$7.66 Million | +32.36% |
| 2000-08-31 | CA$5.79 Million | +2.57% |
| 1999-08-31 | CA$5.64 Million | -16.52% |
| 1998-08-31 | CA$6.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TRX Gold Corp'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 11615137699.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$164.82 Million | 305.78% |
| Other Components | CA$10.51 Million | 19.49% |
| Total Equity | CA$53.90 Million | 100.00% |
TRX Gold Corp Competitors by Market Cap
The table below lists competitors of TRX Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pacific Financial Corp
OTCQX:PFLC
|
$89.42 Million |
|
DORO (DR8A.SG)
STU:DR8A
|
$89.46 Million |
|
Lithium Ionic Corp
OTCQB:LTHCF
|
$89.48 Million |
|
Interlife General Insurance S.A.
AT:INLIF
|
$89.49 Million |
|
Stack Capital Group Inc.
PINK:STCGF
|
$89.40 Million |
|
Cathay Chemical Works Inc
TW:1713
|
$89.38 Million |
|
Fortinova Fastigheter AB Series B
ST:FNOVA-B
|
$89.31 Million |
|
DADELO S.A. ZY -20
F:91N0
|
$89.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TRX Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 48,798,000 to 53,900,000, a change of 5,102,000 (10.5%).
- Net income of 2,250,000 contributed positively to equity growth.
- New share issuances of 110,000 increased equity.
- Other factors increased equity by 2,742,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$2.25 Million | +4.17% |
| Share Issuances | CA$110.00K | +0.2% |
| Other Changes | CA$2.74 Million | +5.09% |
| Total Change | CA$- | 10.46% |
Book Value vs Market Value Analysis
This analysis compares TRX Gold Corp'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: 218.14x
- 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 219.68x to 218.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-08-31 | CA$0.19 | CA$40.75 | x |
| 1999-08-31 | CA$0.15 | CA$40.75 | x |
| 2000-08-31 | CA$0.14 | CA$40.75 | x |
| 2001-08-31 | CA$0.15 | CA$40.75 | x |
| 2002-08-31 | CA$0.17 | CA$40.75 | x |
| 2003-08-31 | CA$0.19 | CA$40.75 | x |
| 2004-08-31 | CA$0.20 | CA$40.75 | x |
| 2005-08-31 | CA$0.22 | CA$40.75 | x |
| 2006-08-31 | CA$0.25 | CA$40.75 | x |
| 2007-08-31 | CA$0.27 | CA$40.75 | x |
| 2008-08-31 | CA$0.28 | CA$40.75 | x |
| 2009-08-31 | CA$0.29 | CA$40.75 | x |
| 2010-08-31 | CA$0.31 | CA$40.75 | x |
| 2011-08-31 | CA$0.68 | CA$40.75 | x |
| 2012-08-31 | CA$0.51 | CA$40.75 | x |
| 2013-08-31 | CA$0.47 | CA$40.75 | x |
| 2014-08-31 | CA$0.45 | CA$40.75 | x |
| 2015-08-31 | CA$0.33 | CA$40.75 | x |
| 2016-08-31 | CA$0.31 | CA$40.75 | x |
| 2017-08-31 | CA$0.24 | CA$40.75 | x |
| 2018-08-31 | CA$0.21 | CA$40.75 | x |
| 2019-08-31 | CA$0.10 | CA$40.75 | x |
| 2020-08-31 | CA$0.15 | CA$40.75 | x |
| 2021-08-31 | CA$0.21 | CA$40.75 | x |
| 2022-08-31 | CA$0.18 | CA$40.75 | x |
| 2023-08-31 | CA$0.19 | CA$40.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TRX Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.87%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.56x
- Recent ROE (4.17%) is above the historical average (-21.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -11.44% | -122756947.62% | 0.00x | 1.01x | CA$-1.45 Million |
| 1999 | -27.70% | -116672017.91% | 0.00x | 1.04x | CA$-2.13 Million |
| 2000 | -40.01% | -170316994.12% | 0.00x | 1.06x | CA$-2.90 Million |
| 2001 | -6.68% | 0.00% | 0.00x | 1.05x | CA$-1.28 Million |
| 2002 | -6.86% | 0.00% | 0.00x | 1.07x | CA$-2.12 Million |
| 2003 | -14.84% | 0.00% | 0.00x | 1.05x | CA$-3.65 Million |
| 2004 | -7.59% | 0.00% | 0.00x | 1.04x | CA$-2.85 Million |
| 2005 | -13.40% | 0.00% | 0.00x | 1.02x | CA$-4.31 Million |
| 2006 | -17.90% | 0.00% | 0.00x | 1.03x | CA$-6.10 Million |
| 2007 | -15.85% | 0.00% | 0.00x | 1.03x | CA$-6.05 Million |
| 2008 | -14.02% | 0.00% | 0.00x | 1.02x | CA$-5.96 Million |
| 2009 | -16.54% | 0.00% | 0.00x | 1.02x | CA$-6.93 Million |
| 2010 | -11.30% | 0.00% | 0.00x | 1.08x | CA$-6.09 Million |
| 2011 | -16.31% | 0.00% | 0.00x | 1.09x | CA$-16.84 Million |
| 2012 | -17.53% | 0.00% | 0.00x | 1.25x | CA$-14.07 Million |
| 2013 | -6.01% | 0.00% | 0.00x | 1.16x | CA$-7.63 Million |
| 2014 | -3.97% | 0.00% | 0.00x | 1.06x | CA$-6.41 Million |
| 2015 | -19.92% | 0.00% | 0.00x | 1.19x | CA$-10.07 Million |
| 2016 | -28.55% | 0.00% | 0.00x | 1.48x | CA$-13.03 Million |
| 2017 | -16.87% | 0.00% | 0.00x | 1.45x | CA$-7.53 Million |
| 2018 | -21.38% | 0.00% | 0.00x | 1.58x | CA$-8.12 Million |
| 2019 | -156.34% | 0.00% | 0.00x | 2.00x | CA$-23.75 Million |
| 2020 | -57.17% | 0.00% | 0.00x | 1.52x | CA$-16.86 Million |
| 2021 | -6.48% | 0.00% | 0.00x | 1.18x | CA$-7.91 Million |
| 2022 | -4.76% | -15.38% | 0.21x | 1.47x | CA$-7.20 Million |
| 2023 | 4.17% | 5.87% | 0.46x | 1.56x | CA$-3.14 Million |
Industry Comparison
This section compares TRX Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,323,818
- Average return on equity (ROE) among peers: -12.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TRX Gold Corp (TNX) | CA$61.53 Million | -11.44% | 0.41x | $89.41 Million |
| Athabasca Minerals Inc (ABM) | $14.67 Million | -17.11% | 0.38x | $3.80 Million |
| AIS Resources Ltd (AIS) | $733.20K | -18.86% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $7.66 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-194.53K | 0.00% | 0.00x | $248.82K |
| Antler Gold Inc (ANTL) | $5.56 Million | -15.72% | 0.05x | $3.41 Million |
| Apogee Minerals Ltd (APMI) | $509.07K | -27.00% | 0.02x | $1.15 Million |
| Awale Resources Ltd (ARIC) | $11.21 Million | -15.12% | 0.10x | $38.72 Million |
| Au Gold Corp (AUGC) | $1.73 Million | -6.53% | 0.01x | $4.70 Million |
| AUX Resources Corporation (AUX) | $-1.82 Million | 0.00% | 0.00x | $12.37 Million |