LITHIC RESOURCES
LITHIC RESOURCES operates in Diversified Metals & Mining.
LITHIC RESOURCES (32L) - Net Assets
Latest net assets as of June 2024: €2.80 Million EUR
Based on the latest financial reports, LITHIC RESOURCES (32L) has net assets worth €2.80 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.88 Million) and total liabilities (€87.73K). 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 | €2.80 Million |
| % of Total Assets | 96.96% |
| Annual Growth Rate | -9.56% |
| 5-Year Change | -65.89% |
| 10-Year Change | N/A |
| Growth Volatility | 132.34 |
LITHIC RESOURCES - Net Assets Trend (2016–2023)
This chart illustrates how LITHIC RESOURCES's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for LITHIC RESOURCES (2016–2023)
The table below shows the annual net assets of LITHIC RESOURCES from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €3.11 Million | -1.04% |
| 2022-12-31 | €3.14 Million | -31.26% |
| 2021-12-31 | €4.57 Million | +349.47% |
| 2020-12-31 | €1.02 Million | -88.84% |
| 2019-12-31 | €9.12 Million | +0.75% |
| 2018-12-31 | €9.05 Million | -2.98% |
| 2017-12-31 | €9.33 Million | +48.47% |
| 2016-12-31 | €6.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LITHIC RESOURCES'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 703432500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €18.27 Million | 587.55% |
| Total Equity | €3.11 Million | 100.00% |
LITHIC RESOURCES Competitors by Market Cap
The table below lists competitors of LITHIC RESOURCES ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NAMIBIAN COPPER
BE:42N
|
$278.28 |
|
CID HoldCo, Inc. Warrants
NASDAQ:DAICW
|
$278.70 |
|
National Asset Recovery Corp
PINK:REPO
|
$279.03 |
|
Fashion Bel Air S.A
PA:ALFBA
|
$279.06 |
|
Aurora Investment Trust plc
LSE:ARR
|
$277.78 |
|
Pacificonline Systems Inc
PSE:LOTO
|
$277.44 |
|
Crown Asia Chemicals Corp
PSE:CROWN
|
$276.97 |
|
Botswana Diamonds plc
LSE:BOD
|
$276.95 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LITHIC RESOURCES's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,142,236 to 3,109,628, a change of -32,608 (-1.0%).
- Net loss of 96,658 reduced equity.
- Other factors increased equity by 64,050.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-96.66K | -3.11% |
| Other Changes | €64.05K | +2.06% |
| Total Change | €- | -1.04% |
Book Value vs Market Value Analysis
This analysis compares LITHIC RESOURCES'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: 1.11x
- 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 0.33x to 1.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.09 | €0.03 | x |
| 2018-12-31 | €0.08 | €0.03 | x |
| 2019-12-31 | €0.08 | €0.03 | x |
| 2020-12-31 | €0.01 | €0.03 | x |
| 2021-12-31 | €0.04 | €0.03 | x |
| 2022-12-31 | €0.03 | €0.03 | x |
| 2023-12-31 | €0.03 | €0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LITHIC RESOURCES 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): -3.11%
- 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: 1.02x
- Recent ROE (-3.11%) is above the historical average (-3.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -7.89% | 0.00% | 0.00x | 1.01x | €-1.12 Million |
| 2017 | -6.44% | 0.00% | 0.00x | 1.02x | €-1.53 Million |
| 2018 | -5.11% | 0.00% | 0.00x | 1.01x | €-1.37 Million |
| 2019 | -2.50% | 0.00% | 0.00x | 1.00x | €-1.14 Million |
| 2020 | -19.87% | 0.00% | 0.00x | 1.05x | €-303.80K |
| 2021 | 71.56% | 0.00% | 0.00x | 1.02x | €2.81 Million |
| 2022 | -51.63% | 0.00% | 0.00x | 1.03x | €-1.94 Million |
| 2023 | -3.11% | 0.00% | 0.00x | 1.02x | €-407.62K |
Industry Comparison
This section compares LITHIC RESOURCES's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $107,279,526,363
- Average return on equity (ROE) among peers: 7.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LITHIC RESOURCES (32L) | €2.80 Million | -7.89% | 0.03x | $278.04 |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $973.51K |
| Tokyu Corporation (01T) | $747.05 Billion | 9.38% | 2.03x | $93.98K |
| GUANGZHOU AUTO -H- (02G) | $77.92 Billion | 13.99% | 0.70x | $4.23K |
| MOSAIC (02M) | $9.37 Billion | -11.39% | 1.06x | $267.55K |
| MOSAIC (02M.SG) (02M) | $10.72 Billion | 9.59% | 0.71x | $264.31K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $22.74 Million | -14.04% | 3.68x | $1.51 Million |
| KRAKATAU STEEL -B- (07K) | $587.19 Million | 7.57% | 5.43x | $166.88 |
| CN MODERN DAIRY (07M.SG) (07M) | $8.04 Billion | 9.58% | 0.94x | $1.66K |
| TOURMALINE OIL (08T) | $13.69 Billion | 32.78% | 0.38x | $376.57K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $343.89 |