Royal Road Minerals Ltd (RYR) - Net Assets
Based on the latest financial reports, Royal Road Minerals Ltd (RYR) has net assets worth CA$5.38 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$5.55 Million) and total liabilities (CA$168.25K). 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$5.38 Million |
| % of Total Assets | 96.97% |
| Annual Growth Rate | 14.84% |
| 5-Year Change | -52.16% |
| 10-Year Change | 896.76% |
| Growth Volatility | 190.68 |
Royal Road Minerals Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Royal Road Minerals 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 Royal Road Minerals Ltd (2013–2024)
The table below shows the annual net assets of Royal Road Minerals Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$9.51 Million | -31.61% |
| 2023-12-31 | CA$13.91 Million | -48.66% |
| 2022-12-31 | CA$27.09 Million | -30.03% |
| 2021-12-31 | CA$38.72 Million | +94.71% |
| 2020-12-31 | CA$19.88 Million | +52.03% |
| 2019-12-31 | CA$13.08 Million | +84.73% |
| 2018-12-31 | CA$7.08 Million | +36.94% |
| 2017-12-31 | CA$5.17 Million | +647.90% |
| 2016-12-31 | CA$691.26K | -27.56% |
| 2015-12-31 | CA$954.23K | -69.26% |
| 2014-12-31 | CA$3.10 Million | +49.53% |
| 2013-12-31 | CA$2.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Royal Road Minerals 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 3449981100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$48.26 Million | 507.41% |
| Total Equity | CA$9.51 Million | 100.00% |
Royal Road Minerals Ltd Competitors by Market Cap
The table below lists competitors of Royal Road Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shriro Holdings Ltd
AU:SHM
|
$40.35 Million |
|
Slj Global Tbk
JK:SULI
|
$40.37 Million |
|
Indiabulls Enterprises Limited
NSE:IEL
|
$40.37 Million |
|
Balco Group AB
ST:BALCO
|
$40.38 Million |
|
Jinxin Technology Holding Company American Depositary Shares
NASDAQ:NAMI
|
$40.33 Million |
|
Marti Gayrimenkul Yatirim Ortakligi AS
IS:MRGYO
|
$40.32 Million |
|
Industrial Investment Trust Limited
NSE:IITL
|
$40.30 Million |
|
Corem Property Group AB (publ)
ST:CORE-A
|
$40.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royal Road Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,907,551 to 9,511,368, a change of -4,396,183 (-31.6%).
- Net loss of 4,626,266 reduced equity.
- Other comprehensive income decreased equity by 2,689,039.
- Other factors increased equity by 2,919,122.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.63 Million | -48.64% |
| Other Comprehensive Income | CA$-2.69 Million | -28.27% |
| Other Changes | CA$2.92 Million | +30.69% |
| Total Change | CA$- | -31.61% |
Book Value vs Market Value Analysis
This analysis compares Royal Road Minerals 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: 5.31x
- 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 3.22x to 5.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CA$0.06 | CA$0.19 | x |
| 2014-12-31 | CA$0.09 | CA$0.19 | x |
| 2015-12-31 | CA$0.03 | CA$0.19 | x |
| 2016-12-31 | CA$0.01 | CA$0.19 | x |
| 2017-12-31 | CA$0.04 | CA$0.19 | x |
| 2018-12-31 | CA$0.04 | CA$0.19 | x |
| 2019-12-31 | CA$0.07 | CA$0.19 | x |
| 2020-12-31 | CA$0.08 | CA$0.19 | x |
| 2021-12-31 | CA$0.15 | CA$0.19 | x |
| 2022-12-31 | CA$0.10 | CA$0.19 | x |
| 2023-12-31 | CA$0.05 | CA$0.19 | x |
| 2024-12-31 | CA$0.04 | CA$0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royal Road Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -48.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-48.64%) is above the historical average (-71.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -13.94% | -5129.99% | 0.00x | 1.04x | CA$-497.00K |
| 2014 | -58.77% | -1572856.03% | 0.00x | 1.52x | CA$-2.13 Million |
| 2015 | -225.48% | 0.00% | 0.00x | 1.17x | CA$-2.25 Million |
| 2016 | -230.64% | 0.00% | 0.00x | 1.25x | CA$-1.79 Million |
| 2017 | -43.14% | 0.00% | 0.00x | 1.02x | CA$-2.81 Million |
| 2018 | -56.03% | 0.00% | 0.00x | 1.02x | CA$-4.72 Million |
| 2019 | -36.80% | 0.00% | 0.00x | 1.01x | CA$-6.12 Million |
| 2020 | -30.11% | 0.00% | 0.00x | 1.01x | CA$-7.98 Million |
| 2021 | 40.83% | 0.00% | 0.00x | 1.02x | CA$11.94 Million |
| 2022 | -45.52% | 0.00% | 0.00x | 1.04x | CA$-15.04 Million |
| 2023 | -111.20% | 0.00% | 0.00x | 1.03x | CA$-16.86 Million |
| 2024 | -48.64% | 0.00% | 0.00x | 1.03x | CA$-5.58 Million |
Industry Comparison
This section compares Royal Road Minerals Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royal Road Minerals Ltd (RYR) | CA$5.38 Million | -13.94% | 0.03x | $40.34 Million |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About Royal Road Minerals Ltd
Royal Road Minerals Limited engages in the exploration and development of mineral properties in the Kingdom of Saudi Arabia, Morocco, Jersey, and South America. It primarily explores for gold and copper deposits. The company was formerly known as Tigris Resources Limited and changed its name to Royal Road Minerals Limited in April 2015. Royal Road Minerals Limited was incorporated in 2010 and is … Read more