Awale Resources Ltd
Awalé Resources Limited engages in the acquisition, exploration, and development of mineral properties in Côte d'Ivoire. It primarily explores for gold, copper, and other precious metals. The company's flagship project is the Odienné Project which covers approximately 2,346 square kilometers located in the northwest Denguèlé Region of Côte d'Ivoire. The company was formerly known as Spada Gold Li… Read more
Awale Resources Ltd (ARIC) - Net Assets
Latest net assets as of September 2025: CA$18.22 Million CAD
Based on the latest financial reports, Awale Resources Ltd (ARIC) has net assets worth CA$18.22 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$19.97 Million) and total liabilities (CA$1.75 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$18.22 Million |
| % of Total Assets | 91.24% |
| Annual Growth Rate | 58.41% |
| 5-Year Change | 23.6% |
| 10-Year Change | N/A |
| Growth Volatility | 394.65 |
Awale Resources Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Awale Resources 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 Awale Resources Ltd (2015–2024)
The table below shows the annual net assets of Awale Resources Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$12.16 Million | +119.91% |
| 2023-12-31 | CA$5.53 Million | +55.41% |
| 2022-12-31 | CA$3.56 Million | -68.27% |
| 2021-12-31 | CA$11.21 Million | +14.00% |
| 2020-12-31 | CA$9.84 Million | +29.89% |
| 2019-12-31 | CA$7.57 Million | +54.22% |
| 2018-12-31 | CA$4.91 Million | +23.24% |
| 2017-12-31 | CA$3.98 Million | +1281.71% |
| 2016-12-31 | CA$288.41K | +49.09% |
| 2015-12-31 | CA$193.44K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Awale Resources 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 1695424501.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$29.09 Million | 240.12% |
| Total Equity | CA$12.12 Million | 100.00% |
Awale Resources Ltd Competitors by Market Cap
The table below lists competitors of Awale Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pierce Group AB
ST:PIERCE
|
$38.72 Million |
|
Sunshine Metals Ltd
AU:SHN
|
$38.72 Million |
|
Clipan Finance Indonesia Tbk
JK:CFIN
|
$38.73 Million |
|
Astron Corporation Ltd
AU:ATR
|
$38.74 Million |
|
Sherritt International Corporation
PINK:SHERF
|
$38.71 Million |
|
Heng Leasing & Capital PCL
BK:HENG
|
$38.71 Million |
|
Steer Technologies Inc.
V:ARGH
|
$38.70 Million |
|
Zapata Computing Holdings Inc. Common Stock
NASDAQ:ZPTA
|
$38.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Awale Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,537,083 to 12,116,227, a change of 6,579,144 (118.8%).
- Net loss of 2,754,942 reduced equity.
- New share issuances of 9,461,264 increased equity.
- Other factors decreased equity by 127,178.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.75 Million | -22.74% |
| Share Issuances | CA$9.46 Million | +78.09% |
| Other Changes | CA$-127.18K | -1.05% |
| Total Change | CA$- | 118.82% |
Book Value vs Market Value Analysis
This analysis compares Awale Resources 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: 5.87x
- 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 increased from 3.18x to 5.87x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CA$0.26 | CA$0.82 | x |
| 2016-12-31 | CA$0.31 | CA$0.82 | x |
| 2017-12-31 | CA$3.98 | CA$0.82 | x |
| 2018-12-31 | CA$1.27 | CA$0.82 | x |
| 2019-12-31 | CA$1.21 | CA$0.82 | x |
| 2020-12-31 | CA$0.78 | CA$0.82 | x |
| 2021-12-31 | CA$0.64 | CA$0.82 | x |
| 2022-12-31 | CA$0.12 | CA$0.82 | x |
| 2023-12-31 | CA$0.09 | CA$0.82 | x |
| 2024-12-31 | CA$0.14 | CA$0.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Awale Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -22.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-22.74%) is above the historical average (-36.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -11.76% | 0.00% | 0.00x | 1.06x | CA$-42.09K |
| 2016 | -12.34% | 0.00% | 0.00x | 1.03x | CA$-64.43K |
| 2017 | -3.43% | 0.00% | 0.00x | 1.48x | CA$-534.82K |
| 2018 | -27.37% | 0.00% | 0.00x | 1.05x | CA$-1.83 Million |
| 2019 | -8.81% | 0.00% | 0.00x | 1.12x | CA$-1.42 Million |
| 2020 | -8.06% | 0.00% | 0.00x | 1.14x | CA$-1.78 Million |
| 2021 | -15.13% | 0.00% | 0.00x | 1.10x | CA$-2.82 Million |
| 2022 | -238.49% | 0.00% | 0.00x | 1.64x | CA$-8.84 Million |
| 2023 | -18.88% | 0.00% | 0.00x | 1.25x | CA$-1.60 Million |
| 2024 | -22.74% | 0.00% | 0.00x | 1.07x | CA$-3.97 Million |
Industry Comparison
This section compares Awale Resources Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $2,447,096
- Average return on equity (ROE) among peers: -11.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Awale Resources Ltd (ARIC) | CA$18.22 Million | -11.76% | 0.10x | $38.72 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 |
| 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 |