Source Rock Royalties Ltd
Source Rock Royalties Ltd., an oil and gas royalty company, engages in acquiring and managing oil and gas royalties and mineral title interests. It has an oil focused portfolio of royalty interests concentrated in S.E. Saskatchewan, central Alberta, and west-central Saskatchewan. The company was incorporated in 2012 and is headquartered in Calgary, Canada.
Source Rock Royalties Ltd (SRR) - Net Assets
Latest net assets as of September 2025: CA$23.92 Million CAD
Based on the latest financial reports, Source Rock Royalties Ltd (SRR) has net assets worth CA$23.92 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$24.45 Million) and total liabilities (CA$530.42K). 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$23.92 Million |
| % of Total Assets | 97.83% |
| Annual Growth Rate | 13.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 40.35 |
Source Rock Royalties Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Source Rock Royalties 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 Source Rock Royalties Ltd (2020–2024)
The table below shows the annual net assets of Source Rock Royalties Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$25.72 Million | -4.23% |
| 2023-12-31 | CA$26.86 Million | -2.12% |
| 2022-12-31 | CA$27.44 Million | +88.44% |
| 2021-12-31 | CA$14.56 Million | -7.56% |
| 2020-12-31 | CA$15.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Source Rock Royalties 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 466328100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$44.39 Million | 172.60% |
| Total Equity | CA$25.72 Million | 100.00% |
Source Rock Royalties Ltd Competitors by Market Cap
The table below lists competitors of Source Rock Royalties Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cufe Ltd
AU:CUF
|
$20.87 Million |
|
XTPL S.A. INH. ZY -10
F:5C8
|
$20.87 Million |
|
Newfield Resources Ltd
AU:NWF
|
$20.88 Million |
|
Maskapai Reasuransi Indonesia
JK:MREI
|
$20.88 Million |
|
Wasko S.A.
WAR:WAS
|
$20.87 Million |
|
Daelim B&Co
KO:005750
|
$20.86 Million |
|
Oceana Lithium Ltd
AU:OCN
|
$20.86 Million |
|
FOOTSHOP A.S.
PR:FTSHP
|
$20.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Source Rock Royalties Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,857,137 to 25,720,078, a change of -1,137,059 (-4.2%).
- Net income of 1,495,319 contributed positively to equity growth.
- Dividend payments of 3,449,041 reduced retained earnings.
- Other factors increased equity by 816,663.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.50 Million | +5.81% |
| Dividends Paid | CA$3.45 Million | -13.41% |
| Other Changes | CA$816.66K | +3.18% |
| Total Change | CA$- | -4.23% |
Book Value vs Market Value Analysis
This analysis compares Source Rock Royalties 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: 1.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.61x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.36 | CA$0.95 | x |
| 2021-12-31 | CA$0.34 | CA$0.95 | x |
| 2022-12-31 | CA$0.61 | CA$0.95 | x |
| 2023-12-31 | CA$0.59 | CA$0.95 | x |
| 2024-12-31 | CA$0.56 | CA$0.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Source Rock Royalties Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.45%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.03x
- Recent ROE (5.81%) is above the historical average (0.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -18.13% | -207.62% | 0.08x | 1.04x | CA$-4.43 Million |
| 2021 | 1.21% | 4.14% | 0.28x | 1.05x | CA$-1.28 Million |
| 2022 | 9.32% | 39.41% | 0.23x | 1.05x | CA$-185.89K |
| 2023 | 5.83% | 23.57% | 0.24x | 1.01x | CA$-1.12 Million |
| 2024 | 5.81% | 19.45% | 0.29x | 1.03x | CA$-1.08 Million |
Industry Comparison
This section compares Source Rock Royalties Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
No peer company data available for comparison.