Vantex Resources Ltd (VAX) - Net Assets
Based on the latest financial reports, Vantex Resources Ltd (VAX) has net assets worth CA$245.12K CAD as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$450.06K) and total liabilities (CA$204.94K). 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$245.12K |
| % of Total Assets | 54.46% |
| Annual Growth Rate | -24.81% |
| 5-Year Change | -75.62% |
| 10-Year Change | -95.65% |
| Growth Volatility | 23.46 |
Vantex Resources Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Vantex 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 Vantex Resources Ltd (2013–2024)
The table below shows the annual net assets of Vantex Resources Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | CA$358.75K | -59.41% |
| 2023-10-31 | CA$883.87K | -29.31% |
| 2022-10-31 | CA$1.25 Million | -10.58% |
| 2021-10-31 | CA$1.40 Million | -5.00% |
| 2020-10-31 | CA$1.47 Million | -65.92% |
| 2019-10-31 | CA$4.32 Million | -4.30% |
| 2018-10-31 | CA$4.51 Million | -13.72% |
| 2017-10-31 | CA$5.23 Million | +3.34% |
| 2016-10-31 | CA$5.06 Million | -38.62% |
| 2015-10-31 | CA$8.24 Million | +3.27% |
| 2014-10-31 | CA$7.98 Million | -3.35% |
| 2013-10-31 | CA$8.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vantex 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 946944200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$24.90 Million | 6940.04% |
| Total Equity | CA$358.75K | 100.00% |
Vantex Resources Ltd Competitors by Market Cap
The table below lists competitors of Vantex Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vertiqal Studios Corp.
F:9PY0
|
$558.65K |
|
Nagambie Resources Limited
F:P6C
|
$559.23K |
|
Steppe Cement
LSE:STCM
|
$559.57K |
|
Aberforth Geared Value & Income Trust plc
LSE:AGZI
|
$563.17K |
|
RAFAKO SA
WAR:RFK
|
$555.38K |
|
Champion Gaming Group Inc.
V:WAGR
|
$554.26K |
|
Sanderson Design Group PLC
LSE:SDG
|
$553.93K |
|
Skillcast Group PLC
LSE:SKL
|
$550.53K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vantex Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 883,871 to 358,755, a change of -525,116 (-59.4%).
- Net loss of 525,116 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-525.12K | -146.37% |
| Total Change | CA$- | -59.41% |
Book Value vs Market Value Analysis
This analysis compares Vantex 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: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.10x to 2.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | CA$1.56 | CA$0.16 | x |
| 2018-10-31 | CA$1.35 | CA$0.16 | x |
| 2019-10-31 | CA$1.29 | CA$0.16 | x |
| 2020-10-31 | CA$0.39 | CA$0.16 | x |
| 2021-10-31 | CA$0.29 | CA$0.16 | x |
| 2022-10-31 | CA$0.26 | CA$0.16 | x |
| 2023-10-31 | CA$0.18 | CA$0.16 | x |
| 2024-10-31 | CA$0.07 | CA$0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vantex Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -146.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.56x
- Recent ROE (-146.37%) is below the historical average (-43.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -8.45% | 0.00% | 0.00x | 1.29x | CA$-1.52 Million |
| 2014 | -4.09% | 0.00% | 0.00x | 1.30x | CA$-1.12 Million |
| 2015 | 0.77% | 0.00% | 0.00x | 1.26x | CA$-760.66K |
| 2016 | -73.48% | 0.00% | 0.00x | 1.24x | CA$-4.22 Million |
| 2017 | -8.57% | 0.00% | 0.00x | 1.24x | CA$-970.92K |
| 2018 | -15.90% | 0.00% | 0.00x | 1.24x | CA$-1.17 Million |
| 2019 | -4.50% | 0.00% | 0.00x | 1.27x | CA$-626.01K |
| 2020 | -195.76% | 0.00% | 0.00x | 1.24x | CA$-3.03 Million |
| 2021 | -15.99% | 0.00% | 0.00x | 1.29x | CA$-363.35K |
| 2022 | -11.83% | 0.00% | 0.00x | 1.27x | CA$-272.96K |
| 2023 | -41.46% | 0.00% | 0.00x | 1.53x | CA$-454.80K |
| 2024 | -146.37% | 0.00% | 0.00x | 1.56x | CA$-560.99K |
Industry Comparison
This section compares Vantex Resources Ltd'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: $-404,510
- Average return on equity (ROE) among peers: 31.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vantex Resources Ltd (VAX) | CA$245.12K | -8.45% | 0.84x | $556.63K |
| Aftermath Silver Ltd (AAG) | $25.06 Million | -33.91% | 0.29x | $215.07 Million |
| Aton Resources Inc (AAN) | $-1.50 Million | 0.00% | 0.00x | $52.55 Million |
| Asbestos Corporation Limited (AB-H) | $-22.33 Million | 0.00% | 0.00x | $1.85 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.15 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $5.75 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| AE Fuels Corporation (AEF) | $423.41K | -11.49% | 0.28x | $4.95 Million |
| Alphamin Res (AFM) | $272.15K | -48.58% | 0.07x | $1.27 Billion |
| African Metals Corporation (AFR) | $2.33 Million | 446.81% | 0.22x | $1.00 Million |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $148.73 Million |
About Vantex Resources Ltd
Vantex Resources Ltd. engages in the acquisition, exploration, and development of mining properties in Canada. The company was formerly known as Vantex Oil, Gas and Minerals Ltd. and changed its name to Vantex Resources Ltd. in February 2004. Vantex Resources Ltd. was incorporated in 1987 and is based in Vancouver, Canada.