RareX Limited
RareX Limited engages in the exploration and development of mineral properties in Australia. The company primarily explores for rare earths and gallium, niobium, and scandium in hardrock carbonatites. Its flagship project is the 100% owned Cummins Range Rare Earths project located in the Kimberley region of Western Australia. The company was incorporated in 2003 and is based in Subiaco, Australia.
RareX Limited (REEEF) - Total Assets
Latest total assets as of June 2024: $5.48 Million USD
Based on the latest financial reports, RareX Limited (REEEF) holds total assets worth $5.48 Million USD as of June 2024.
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.
RareX Limited - Total Assets Trend (2018–2024)
This chart illustrates how RareX Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
RareX Limited - Asset Composition Analysis
Current Asset Composition (June 2024)
RareX Limited's total assets of $5.48 Million consist of 39.2% current assets and 60.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 35.3% |
| Accounts Receivable | $37.36K | 0.7% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2018–2024)
This chart illustrates how RareX Limited'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: RareX Limited's current assets represent 39.2% of total assets in 2024, an increase from 24.9% in 2018.
- Cash Position: Cash and equivalents constituted 35.3% of total assets in 2024, up from 18.0% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 0.7% of total assets.
RareX Limited Competitors by Total Assets
Key competitors of RareX Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Great Quest Fertilizer Ltd
PINK:GQMLF
|
USA | $127.20K |
|
GRDV
PINK:GRDV
|
USA | $273.00 |
|
Napier Ventures Inc
PINK:NPRVF
|
USA | $66.28 |
|
Placer Creek Mining
OTCGREY:PRCK
|
USA | $692.65K |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Inner Mongolia Xingye Mining Co Ltd
SHE:000426
|
China | CN¥17.51 Billion |
|
Shengda Mining Co Ltd
SHE:000603
|
China | CN¥7.11 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
China | CN¥14.74 Billion |
RareX Limited - 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 - RareX Limited generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - RareX Limited is currently not profitable relative to its asset base.
RareX Limited - 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 | 2.13 | 2.40 | 2.67 |
| Quick Ratio | 2.13 | 2.40 | 2.67 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.14 Million | $ 2.79 Million | $ 2.24 Million |
RareX Limited - Advanced Valuation Insights
This section examines the relationship between RareX Limited'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 | 9.01 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | -28.4% |
| Total Assets | $5.48 Million |
| Market Capitalization | $588.92K USD |
Valuation Analysis
Below Book Valuation: The market values RareX Limited's assets below their book value (0.11 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: RareX Limited's assets decreased by 28.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for RareX Limited (2018–2024)
The table below shows the annual total assets of RareX Limited from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | $5.48 Million | -28.45% |
| 2023-06-30 | $7.66 Million | -35.23% |
| 2022-06-30 | $11.83 Million | +26.31% |
| 2021-06-30 | $9.36 Million | +21.77% |
| 2020-06-30 | $7.69 Million | +404.78% |
| 2019-06-30 | $1.52 Million | -41.77% |
| 2018-06-30 | $2.62 Million | -- |