Commerce Resources Corp
Mont Royal Resources Limited engages in the development and exploration of minerals properties in Canada. It owns a 100% interest in the Ashram rare earth and fluorspar deposit in Québec, Canada; and a 75% interest in the Northern Lights project that covers an area of 536km2 located in the Upper Eastmain Greenstone belt. Mont Royal Resources Limited is based in Sydney, Australia.
Commerce Resources Corp (CMRZF) - Net Assets
Latest net assets as of April 2025: $51.06 Million USD
Based on the latest financial reports, Commerce Resources Corp (CMRZF) has net assets worth $51.06 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($53.64 Million) and total liabilities ($2.58 Million). 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 | $51.06 Million |
| % of Total Assets | 95.19% |
| Annual Growth Rate | 0.44% |
| 5-Year Change | -15.35% |
| 10-Year Change | -7.24% |
| Growth Volatility | 10.59 |
Commerce Resources Corp - Net Assets Trend (2012–2024)
This chart illustrates how Commerce Resources Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Commerce Resources Corp (2012–2024)
The table below shows the annual net assets of Commerce Resources Corp from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $53.10 Million | -30.78% |
| 2023-10-31 | $76.72 Million | +7.16% |
| 2022-10-31 | $71.59 Million | +1.95% |
| 2021-10-31 | $70.22 Million | +11.93% |
| 2020-10-31 | $62.73 Million | +1.35% |
| 2019-10-31 | $61.89 Million | +3.31% |
| 2018-10-31 | $59.91 Million | -1.17% |
| 2017-10-31 | $60.62 Million | +3.01% |
| 2016-10-31 | $58.85 Million | +2.81% |
| 2015-10-31 | $57.24 Million | +13.32% |
| 2014-10-31 | $50.51 Million | +1.84% |
| 2013-10-31 | $49.60 Million | -1.56% |
| 2012-10-31 | $50.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Commerce Resources Corp'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 6658057900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $119.68 Million | 225.38% |
| Total Equity | $53.10 Million | 100.00% |
Commerce Resources Corp Competitors by Market Cap
The table below lists competitors of Commerce Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shradha Infraprojects Limited
NSE:SHRADHA
|
$8.18 Million |
|
Eqva ASA
OL:EQVA
|
$8.18 Million |
|
COSTCO WHSL - Dusseldorf Stock Exchang
DU:CTO
|
$8.18 Million |
|
S H L Telemedicine Ltd
SW:SHLTN
|
$8.18 Million |
|
BIOEXTRAX AB
F:85X0
|
$8.18 Million |
|
Tembaga Mulia Semanan Tbk
JK:TBMS
|
$8.18 Million |
|
Ramsay Generale De Sante
PA:GDS
|
$8.18 Million |
|
Invest Acquisition Corporation
PINK:IVCBF
|
$8.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Commerce Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 76,716,703 to 53,101,773, a change of -23,614,930 (-30.8%).
- Net loss of 28,700,373 reduced equity.
- New share issuances of 6,765,443 increased equity.
- Other factors decreased equity by 1,680,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-28.70 Million | -54.05% |
| Share Issuances | $6.77 Million | +12.74% |
| Other Changes | $-1.68 Million | -3.16% |
| Total Change | $- | -30.78% |
Book Value vs Market Value Analysis
This analysis compares Commerce Resources Corp'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: 0.17x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.02x to 0.17x 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 | $1.96 | $0.04 | x |
| 2018-10-31 | $1.93 | $0.04 | x |
| 2019-10-31 | $1.49 | $0.04 | x |
| 2020-10-31 | $1.23 | $0.04 | x |
| 2021-10-31 | $0.85 | $0.04 | x |
| 2022-10-31 | $0.78 | $0.04 | x |
| 2023-10-31 | $0.89 | $0.04 | x |
| 2024-10-31 | $0.25 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Commerce Resources Corp 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): -54.05%
- 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: 1.03x
- Recent ROE (-54.05%) is below the historical average (-5.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 0.00x | 1.03x | $-5.04 Million |
| 2013 | -3.50% | 0.00% | 0.00x | 1.01x | $-6.70 Million |
| 2014 | -2.56% | 0.00% | 0.00x | 1.02x | $-6.34 Million |
| 2015 | -4.35% | 0.00% | 0.00x | 1.04x | $-8.21 Million |
| 2016 | -1.81% | 0.00% | 0.00x | 1.04x | $-6.95 Million |
| 2017 | -2.55% | 0.00% | 0.00x | 1.02x | $-7.61 Million |
| 2018 | -1.34% | 0.00% | 0.00x | 1.04x | $-6.79 Million |
| 2019 | -1.85% | 0.00% | 0.00x | 1.02x | $-7.33 Million |
| 2020 | -1.32% | 0.00% | 0.00x | 1.02x | $-7.10 Million |
| 2021 | -0.64% | 0.00% | 0.00x | 1.01x | $-7.47 Million |
| 2022 | -1.01% | 0.00% | 0.00x | 1.02x | $-7.88 Million |
| 2023 | -2.21% | 0.00% | 0.00x | 1.01x | $-9.37 Million |
| 2024 | -54.05% | 0.00% | 0.00x | 1.03x | $-34.01 Million |
Industry Comparison
This section compares Commerce Resources Corp'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: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Commerce Resources Corp (CMRZF) | $51.06 Million | 0.00% | 0.05x | $8.18 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |