Western Resources Corp (WRX) - Net Assets

Latest as of June 2024: CA$242.88 Million CAD ≈ $175.69 Million USD

Based on the latest financial reports, Western Resources Corp (WRX) has net assets worth CA$242.88 Million CAD (≈ $175.69 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 (CA$370.38 Million ≈ $267.93 Million USD) and total liabilities (CA$127.51 Million ≈ $92.24 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 Western Resources Corp (WRX) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$242.88 Million
% of Total Assets	65.57%
Annual Growth Rate	27.22%
5-Year Change	50.65%
10-Year Change	196.33%
Growth Volatility	181.94

Western Resources Corp - Net Assets Trend (2007–2023)

This chart illustrates how Western Resources Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Western Resources Corp's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Western Resources Corp (2007–2023)

The table below shows the annual net assets of Western Resources Corp from 2007 to 2023. For live valuation and market cap data, see market value of Western Resources Corp.

Year	Net Assets	Change
2023-09-30	CA$245.71 Million ≈ $177.74 Million	+1.78%
2022-09-30	CA$241.41 Million ≈ $174.63 Million	+50.09%
2021-09-30	CA$160.84 Million ≈ $116.35 Million	-4.93%
2020-09-30	CA$169.17 Million ≈ $122.38 Million	+3.72%
2019-09-30	CA$163.10 Million ≈ $117.98 Million	+8.57%
2018-09-30	CA$150.23 Million ≈ $108.68 Million	+1.32%
2017-09-30	CA$148.28 Million ≈ $107.26 Million	-0.80%
2016-09-30	CA$149.48 Million ≈ $108.13 Million	-3.95%
2015-09-30	CA$155.63 Million ≈ $112.58 Million	+87.69%
2014-09-30	CA$82.92 Million ≈ $59.98 Million	-6.80%
2013-09-30	CA$88.96 Million ≈ $64.35 Million	+41.91%
2012-09-30	CA$62.69 Million ≈ $45.35 Million	-19.62%
2011-09-30	CA$77.99 Million ≈ $56.42 Million	+100.04%
2010-09-30	CA$38.99 Million ≈ $28.20 Million	-7.81%
2009-09-30	CA$42.29 Million ≈ $30.59 Million	-5.16%
2008-09-30	CA$44.59 Million ≈ $32.25 Million	+754.72%
2007-09-30	CA$5.22 Million ≈ $3.77 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Western Resources 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 117301.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (September 2023)

Component	Amount	Percentage
Common Stock	CA$286.32 Million	116.53%
Other Components	CA$56.22 Million	22.88%
Total Equity	CA$245.71 Million	100.00%

Western Resources Corp Competitors by Market Cap

The table below lists competitors of Western Resources Corp ranked by their market capitalization.

Company	Market Cap
Riley Gold Corp V:RLYG	$11.81 Million
Mixed Martial Arts Group Limited NYSE MKT:MMA	$11.81 Million
Mobio Technologies Inc V:MBO	$11.81 Million
Putra Rajawali Kencana PT JK:PURA	$11.82 Million
Guardforce AI Co Ltd NASDAQ:GFAI	$11.81 Million
PT Dafam Property Indonesia Tbk JK:DFAM	$11.80 Million
LIFESPEAK INC. F:81F	$11.80 Million
Aalborg Boldspilklub A/S CO:AAB	$11.80 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Western Resources Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2022 to 2023, total equity changed from 241,405,998 to 245,705,559, a change of 4,299,561 (1.8%).
Net income of 2,765,387 contributed positively to equity growth.
Share repurchases of 56,100 reduced equity.

Equity Change Factors (2022 to 2023)

Factor	Impact	Contribution
Net Income	CA$2.77 Million	+1.13%
Share Repurchases	CA$56.10K	-0.02%
Other Changes	CA$1.59 Million	+0.65%
Total Change	CA$-	1.78%

Book Value vs Market Value Analysis

This analysis compares Western Resources 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: 0.07x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-09-30	CA$0.83	CA$0.04	x
2008-09-30	CA$2.62	CA$0.04	x
2009-09-30	CA$1.68	CA$0.04	x
2010-09-30	CA$1.53	CA$0.04	x
2011-09-30	CA$2.25	CA$0.04	x
2012-09-30	CA$1.59	CA$0.04	x
2013-09-30	CA$1.88	CA$0.04	x
2014-09-30	CA$1.49	CA$0.04	x
2015-09-30	CA$2.69	CA$0.04	x
2016-09-30	CA$1.32	CA$0.04	x
2017-09-30	CA$1.31	CA$0.04	x
2018-09-30	CA$1.62	CA$0.04	x
2019-09-30	CA$1.17	CA$0.04	x
2020-09-30	CA$0.90	CA$0.04	x
2021-09-30	CA$0.86	CA$0.04	x
2022-09-30	CA$1.28	CA$0.04	x
2023-09-30	CA$0.60	CA$0.04	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Western Resources 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): 1.13%
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: 1.43x
Recent ROE (1.13%) is above the historical average (-8.48%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	-1.58%	0.00%	0.00x	1.02x	CA$-604.30K
2008	-18.01%	0.00%	0.00x	1.02x	CA$-12.49 Million
2009	-8.17%	0.00%	0.00x	1.02x	CA$-7.68 Million
2010	-31.12%	0.00%	0.00x	1.02x	CA$-16.03 Million
2011	-17.67%	0.00%	0.00x	1.01x	CA$-21.58 Million
2012	-30.73%	0.00%	0.00x	1.02x	CA$-25.53 Million
2013	-18.56%	0.00%	0.00x	1.00x	CA$-25.41 Million
2014	-7.54%	0.00%	0.00x	1.00x	CA$-14.55 Million
2015	-3.86%	0.00%	0.00x	1.02x	CA$-21.57 Million
2016	-3.60%	0.00%	0.00x	1.00x	CA$-20.33 Million
2017	-0.81%	0.00%	0.00x	1.00x	CA$-16.03 Million
2018	1.30%	0.00%	0.00x	1.01x	CA$-13.07 Million
2019	-0.33%	0.00%	0.00x	1.23x	CA$-16.59 Million
2020	-1.00%	0.00%	0.00x	1.59x	CA$-18.32 Million
2021	-3.50%	0.00%	0.00x	1.53x	CA$-21.71 Million
2022	-0.14%	0.00%	0.00x	1.26x	CA$-24.47 Million
2023	1.13%	0.00%	0.00x	1.43x	CA$-21.81 Million

Industry Comparison

This section compares Western Resources Corp's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

Industry: Other Industrial Metals & Mining
Average net assets among peers: $49,314,810
Average return on equity (ROE) among peers: -11.56%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Western Resources Corp (WRX)	CA$242.88 Million	-1.58%	0.52x	$11.81 Million
Aftermath Silver Ltd (AAG)	$-553.41K	0.00%	0.00x	$185.75 Million
Aton Resources Inc (AAN)	$-1.13 Million	0.00%	0.00x	$49.79 Million
Arbor Metals Corp (ABR)	$1.00 Million	-16.27%	0.02x	$10.75 Million
Asiabasemetals Inc (ABZ)	$717.72K	-45.73%	0.05x	$4.67 Million
Adex Mining Inc (ADE)	$-30.95 Million	0.00%	0.00x	$27.09 Million
Alphamin Res (AFM)	$367.40 Million	27.47%	0.33x	$1.30 Billion
Silver X Mining Corp (AGX)	$38.37 Million	-47.47%	0.73x	$148.73 Million
Amarc Resources Ltd. (AHR)	$14.00 Million	5.93%	0.01x	$148.33 Million
Almonty Industries Inc (AII)	$39.75 Million	-36.45%	3.85x	$4.73 Billion
Aldebaran Resources Inc (ALDE)	$64.54 Million	-3.09%	0.01x	$332.39 Million

About Western Resources Corp

TO:WRX Canada Other Industrial Metals & Mining

Market Cap

$11.81 Million

CA$16.33 Million CAD

Market Cap Rank

#26455 Global

#1099 in Canada

Share Price

CA$0.04

Change (1 day)

+0.00%

52-Week Range

CA$0.04 - CA$0.04

All Time High

CA$0.91