Akobo Minerals AB (publ)
Akobo Minerals AB (publ) operates as a gold exploration and mining company in Ethiopia. The company holds an exploration license covering 182 square kilometers and a mining license covering 16 square kilometers located in the Gambela region and Dima Woreda, Ethiopia. It has interests in the Segele Gold and Joru Gold deposits. The company was founded in 2009 and is based in Gothenburg, Sweden.
Akobo Minerals AB (publ) (AKOBO) - Total Assets
Latest total assets as of March 2025: Nkr158.50 Million NOK
Based on the latest financial reports, Akobo Minerals AB (publ) (AKOBO) holds total assets worth Nkr158.50 Million NOK as of March 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Akobo Minerals AB (publ) - Total Assets Trend (2019–2024)
This chart illustrates how Akobo Minerals AB (publ)’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Akobo Minerals AB (publ) - Asset Composition Analysis
Current Asset Composition (December 2024)
Akobo Minerals AB (publ)'s total assets of Nkr158.50 Million consist of 35.6% current assets and 64.4% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr26.87 Million | 28.4% |
| Accounts Receivable | Nkr0.00 | 0.0% |
| Inventory | Nkr119.71K | 0.1% |
| Property, Plant & Equipment | Nkr31.04 Million | 32.8% |
| Intangible Assets | Nkr29.78 Million | 31.5% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Akobo Minerals AB (publ)'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Akobo Minerals AB (publ)'s current assets represent 35.6% of total assets in 2024, an increase from 8.5% in 2019.
- Cash Position: Cash and equivalents constituted 28.4% of total assets in 2024, up from 4.5% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 31.0% of total assets, a decrease from 90.0% in 2019.
- Asset Diversification: The largest asset category is property, plant & equipment at 32.8% of total assets.
Akobo Minerals AB (publ) Competitors by Total Assets
Key competitors of Akobo Minerals AB (publ) based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
Akobo Minerals AB (publ) - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Akobo Minerals AB (publ) generates 0.18x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Akobo Minerals AB (publ) is currently not profitable relative to its asset base.
Akobo Minerals AB (publ) - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 8.65 | 0.26 | 5.62 |
| Quick Ratio | 8.65 | 0.26 | 5.62 |
| Cash Ratio | 4.06 | 0.00 | 0.00 |
| Working Capital | Nkr14.65 Million | Nkr -51.85 Million | Nkr 6.21 Million |
Akobo Minerals AB (publ) - Advanced Valuation Insights
This section examines the relationship between Akobo Minerals AB (publ)'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.33 |
| Latest Market Cap to Assets Ratio | 0.13 |
| Asset Growth Rate (YoY) | -33.8% |
| Total Assets | Nkr94.64 Million |
| Market Capitalization | $12.15 Million USD |
Valuation Analysis
Below Book Valuation: The market values Akobo Minerals AB (publ)'s assets below their book value (0.13 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Akobo Minerals AB (publ)'s assets decreased by 33.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Akobo Minerals AB (publ) (2019–2024)
The table below shows the annual total assets of Akobo Minerals AB (publ) from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr94.64 Million | -33.85% |
| 2023-12-31 | Nkr143.05 Million | -20.20% |
| 2022-12-31 | Nkr179.27 Million | +107.59% |
| 2021-12-31 | Nkr86.35 Million | +82.23% |
| 2020-12-31 | Nkr47.39 Million | +37.55% |
| 2019-12-31 | Nkr34.45 Million | -- |